Comments on: Keeping your Prosper.com money working http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/ Personal finance, commentary, and spending less the easy way Sat, 21 Nov 2009 01:23:30 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: locogumby http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/comment-page-1/#comment-167921 locogumby Tue, 30 Dec 2008 20:46:19 +0000 http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/#comment-167921 Does anyone know where I can find a calculator which calculates the scenerio mentioned? If I loan $1,000 at 10% interest for a 3 year term and reinvest the monthly payments (principle + interest) at the same 10% interest and 3 year term loans, how much will my money grow? Lets pretend there are no defaults. Does anyone know where I can find a calculator which calculates the scenerio mentioned? If I loan $1,000 at 10% interest for a 3 year term and reinvest the monthly payments (principle + interest) at the same 10% interest and 3 year term loans, how much will my money grow? Lets pretend there are no defaults.

]]> By: Scott http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/comment-page-1/#comment-93765 Scott Sat, 22 Sep 2007 19:35:08 +0000 http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/#comment-93765 Columbia Savings and Loan was known as the best managed S&L when they followed a similar idea. They invested in high yield junk bonds. They got a high rate of return using cheap money that more than covered some losses from defaults. I am doing the same thing on prosper. Columbia got into trouble when they lost money in the stock market in the 1987 crash. Columbia Savings and Loan was known as the best managed S&L when they followed a similar idea. They invested in high yield junk bonds. They got a high rate of return using cheap money that more than covered some losses from defaults. I am doing the same thing on prosper. Columbia got into trouble when they lost money in the stock market in the 1987 crash.

]]> By: ByteMark http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/comment-page-1/#comment-10428 ByteMark Sat, 28 Oct 2006 20:58:00 +0000 http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/#comment-10428 I am a Prosper.com member now and I am doing almost exactly what you say, except for half the cost. Basically what I do is fund the difference between the payments (Prin. and Int.) and the next loan value at $50 on an approx. bi-weekly basis. I am now down to $40 and will be about $35 in another 2-3 loans. And one more way to hedge the bet is that now for my 11th loan, I bid and won $51, while the next will be $52 and so on. This may seem small now, but the secret is in the stacking of the loans and later that extra few cents per month payment will snowball. I am a Prosper.com member now and I am doing almost exactly what you say, except for half the cost. Basically what I do is fund the difference between the payments (Prin. and Int.) and the next loan value at $50 on an approx. bi-weekly basis. I am now down to $40 and will be about $35 in another 2-3 loans. And one more way to hedge the bet is that now for my 11th loan, I bid and won $51, while the next will be $52 and so on. This may seem small now, but the secret is in the stacking of the loans and later that extra few cents per month payment will snowball.

]]> By: fivecentnickel.com http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/comment-page-1/#comment-4533 fivecentnickel.com Wed, 05 Jul 2006 02:55:39 +0000 http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/#comment-4533 <strong>Weekly Roundup - 06/30/06 (A Few Days Late)...</strong> Back to the grind… Our vacation is over (more on that later) and I’m more than a few days late with last week’s roundup, so… Without further ado, here’s a quick look at things that caught my eye from across the MoneyBlogNe... Weekly Roundup – 06/30/06 (A Few Days Late)…

Back to the grind… Our vacation is over (more on that later) and I’m more than a few days late with last week’s roundup, so… Without further ado, here’s a quick look at things that caught my eye from across the MoneyBlogNe…

]]> By: Free Money Finance http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/comment-page-1/#comment-4274 Free Money Finance Fri, 30 Jun 2006 10:31:30 +0000 http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/#comment-4274 <strong>Star Money Articles for the Week of June 26...</strong> Here are interesting posts and news this week from the MoneyBlogNetwork members and beyond: Blueprint for Financial Prosperity notes that mutual funds are good for mutual funds. Consumerism Commentary announces Quicken 2007. AllFinancialMatters tells h... Star Money Articles for the Week of June 26…

Here are interesting posts and news this week from the MoneyBlogNetwork members and beyond: Blueprint for Financial Prosperity notes that mutual funds are good for mutual funds. Consumerism Commentary announces Quicken 2007. AllFinancialMatters tells h…

]]> By: mbhunter http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/comment-page-1/#comment-4268 mbhunter Fri, 30 Jun 2006 05:19:33 +0000 http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/#comment-4268 Hehe ... probably meant to say "interest on an amortized payment SCHEDULE is front-loaded." Meaning that a larger portion of the total you interest you pay on the loan is paid at the beginning of the loan than at the end -- it's front-loaded. This is good for the lender because the largest interest payments are at the beginning. Hehe … probably meant to say “interest on an amortized payment SCHEDULE is front-loaded.” Meaning that a larger portion of the total you interest you pay on the loan is paid at the beginning of the loan than at the end — it’s front-loaded. This is good for the lender because the largest interest payments are at the beginning.

]]> By: ~Dawn http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/comment-page-1/#comment-4267 ~Dawn Fri, 30 Jun 2006 04:23:32 +0000 http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/#comment-4267 I have no idea what you just said. "interest on an amortized payment is front-loaded" ??? I have no idea what you just said. “interest on an amortized payment is front-loaded” ???

]]> By: mbhunter http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/comment-page-1/#comment-4264 mbhunter Fri, 30 Jun 2006 04:13:18 +0000 http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/#comment-4264 Hi Dawn, thanks for the comment. Actually if it's reinvested quickly enough the return is actually better than if it had gone to maturity. The interest on an amortized payment is front-loaded. Hi Dawn, thanks for the comment. Actually if it’s reinvested quickly enough the return is actually better than if it had gone to maturity. The interest on an amortized payment is front-loaded.

]]> By: ~Dawn http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/comment-page-1/#comment-4252 ~Dawn Fri, 30 Jun 2006 00:28:40 +0000 http://www.mightybargainhunter.com/2006/06/27/keeping-your-prospercom-money-working/#comment-4252 Also, what if the borrowing pays off the loan early as well, I would thing that cuts into things as well. Also, what if the borrowing pays off the loan early as well, I would thing that cuts into things as well.

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