May
28
Prosper: My First Loss
May 28, 2008 | 4 Comments
As it happens, no investment is for sure. Out of the 127 active loans I have on Prosper, 1 of them decided to go to bankruptcy court – which means is probably lost.
The listing reads like this: Listing 21399 – Police Officer Consolidates Medical Debt! “A” Credit No DQs!
A single proof that my method of credit grade AA, A, B and no delinquencies or public records is not infallible.
So far I have earned $330 in prosper interest, lost $88 in uncollectable loans.
Still early to tell if it is a good investment.
Comments
4 Comments so far

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Dear Visitors,
This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.
Time changes and with every passing day graphs of stock market changes which in turn changes the portfolio of investor. Like recent fall in Indian stock market
has ruined the portfolio of investors
who were invested in Nse and Bse
listed scripts. They have lost around say 60% of there money. But now once again after that correction in stock market Nifty and Sensex has picked up momentum. But
we again warns all investors that don’t be too over tempted by this rise as its just a minor upmove. Until Nifty doesn’t close above 5300 for 3-4 sessions we are not at all bullish in market. So invest in market for short term or prefer day trading commonly known as Intraday trading.
Apart from it rising price of Crude oil, Rising Inflation is a matter of concern. Though dollar is becoming stronger that will boost IT sector and Exporters.
All in all we suggest be in Indian stock market and if you are investor invest with the proper strategies like go Long for maximum 1 week that too with proper stoploss and target.
If you are day trader be a strict intraday trader then , clear your goals and trade with strict stoploss and target if you want to earn.
Regards
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Hi,
Discipline is the key now if you are a trader or investor in the stock market. As all global markets including Indian stock market have become highly volatile because of which many investors and traders are burning there fingers. Still we suggest there are lot many opportunities which can let you earn a lot from stock market.
We strongly advise everyone not to follow rumors and follow technical analysis.
If you have any doubt, lets share it in this blog and it will help lot many other traders.
Regards
SHARETIPSINFO TEAM
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