Portfolio Diversification
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 4% |
| Lender Rate: | 8% | Borrower: | DSS3 |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-06-04 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Jun 03, 2007 | Current |
| Oct 12, 2007 | Payoff in progress |
| Oct 17, 2007 | Paid |
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Purpose of loan: The purpose of this loan is to diversify our (my wife and I) current investments through simple interest rate arbitrage on Prosper. Currently we have $550 invested in Prosper and are looking to increase our exposure and ultimately our overall portfolio return. My financial situation: Our financial situation is strong, my credit shows I take liabilities seriously, and we?ve been fortunate enough to be able to invest in equities. My wife has the more challenging job of the two of us taking care of our children, while I am employed in a financial field. In addition to the financials verified by Proper, I am a licensed Mortgage Broker part time, which I started doing four years ago to pay for my MBA and earn ~$20k a year from (excluded from all financials below). Monthly net income: $ 4,212 (after $950 401k contribution) Monthly expenses: Mortgage: $ 1,151 (includes $300 tax) Insurance: $ 120 Car expenses: Both paid off Utilities: $ 200 Gas $ 250 Phone, cable, Internet: $ 150 Food, entertainment: $ 500 Clothing, household expenses $ 150 Children?s college fund $ 400 Unforeseen/unplanned: $ 500 Total Expenses $ 3,421 Available for Repayment $ 791 Best Regards! |
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