Re-invest in Prosper
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | AA | DTI: | 10% |
| Lender Rate: | 9% | Borrower: | JazzFranchise |
| Finished | State: | NY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-18 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Jul 17, 2008 | Current |
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Purpose of loan: I will use this loan to reinvest back into Prosper. I have been pretty satisfied with the success of my portfolio so far, but I'd like to try investing with a larger amount. The majority of my money is tied up in the stock market (which obviously hasn't been treating me too well!) so I'd like to tap Prosper for some liqudity and make two or three hundred basis points off the spread. In the event that my strategy is unsucessful, I can comfortably pay off the loan using my own funds. My financial situation: My financial situation is very sound. I am single and living with my parents, so I have very few expenses. I live in New York City so I commute by subway and do not own a car. My take home pay is about $2000 a month and I usually can save about $1,000 - $1,200 a month. My expenses are as follows: Food 300 Commute 100 Misc 500 |
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