As I look forward in 2013 chasing Alpha for my portfolio I have started exploring Alternative Investments. One that really caught my eye was Prosper.com, they are a P2P lending site where you get the opportunity to own Notes on Consumer debt.
People sign up with Prosper as a borrower to for a multitude of reasons, such as consolidating Credit Cards, Car Loans, even Mortgages! They seem to have a very good platform that allows you to chose your return based upon risk (credit scores and history of the lenders) and the returns are a lot more generous than you can get in the market today. I think a diverse mix of these should be able to generate a solid 8-10% APR with mitigated risk.
I’ve just signed up for the account and am in the process of validating my bank account with them, i’ll take you through the process of evaluating loans and options once that process is completed and share with you how it works.
Here is a sign up link for the account if you want to explore it alongside me (I get a referral for this and appreciate you using my links) Prosper.com Signup
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