Quote:
Originally Posted by Parrot Head
I repeat, has anyone used www.Prosper.com? It looks completely safe to give my money to complete strangers with piss-poor credit ratings, but I want to know if something should deter me from 24% returns. |
common sense??
I suppose you could investigate the portfolio theory on this, but I suspect you would have to own a lot of loans at 24% interest to even out the credit risk, even if you could evaluate the risk accurately from afar.
Perhaps better returns than Vegas or the lottery, though.