Dec
Where Should I Invest My Next $500? You Decide
New here? You may want to subscribe to the RSS feed or browse the site map. Thanks!
In honor of Prosper.com’s post mentioning the wisdom of crowds, I have decided to allow the readers of Personal Loan Portfolio to decide where I invest my next $500*. The poll is listed below…
Update: People’s Choice Poll Results and Analysis Posted.
Should I invest my next $500 in P2P loans at Prosper.com, Lending Club, or Zopa or skip P2P lending all together and invest in a total stock market index fund. I have already admitted that I believe that a total stock market index fund is superior investment to P2P loans. I have already invested in Lending Club loans, but not Prosper or Zopa loans. Therefore, I would personally like to invest in Zopa or Prosper loans so that I can have more P2P lending sites to compare to in my experience.
Please comment on the reason for your selection…
Loading ...I will let you know what decision was taken after the poll closes on Thursday December 13th, 2007 at 9PM. (I am not certain, but I believe that is Central timezone.)
poll, vote, investing, investment, prosper, lending club, zopa, stock market, money, p2p lending, wisdom of crowds, index fund
*Since I am trying to follow the wisdom of the crowd, I must recieve more than 20 votes for me to follow this advice, so please help me solicit advice by passing long this poll to other people who may be interested in voting. If less than 20 votes are received, I will not follow the poll.
Technorati Tags: poll, vote, investing, investment, prosper, lending club, zopa, stock market, money, p2p lending, wisdom of crowds, index fund
[...] am running a poll over the next few days to allow you to decide where I invest my next $500. The options are various P2P lending sites including Prosper, Lending Club, and Zopa. The [...]
Use MyC4
minimal defaults
I am not familiar with that site Gulp so I did not include it. I will check it out. If this poll/post gets good response, maybe I’ll run a similar poll again and add MyC4.
[...] Loan Portfolio RSS feed or take a look at the site map. Thank you for visiting! Do you want to help me decide where to invest my next $500 investment? According to poll conducted with the readers of Personal Loan Portfolio, I am investing my next [...]
Zopa is just about worthless. Lenders get 5% and borrowers go through the same process as they do at their local bank. What is the big deal?
I panned Zopa in my initial review calling it ironic that a P2P lending service is actually adding an additional layer rather than removing one. However, a few days later I did notice that some borrowers are receiving negative interest rates at Zopa due to the help they receive from lenders which as interesting twist to peer-to-peer lending. They may actually take away good borrowers from some of the other sites due to this possibility so it could impact returns on other person-to-person lending web sites.