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Home > To prosper, or not to prosper, that is the question.

To prosper, or not to prosper, that is the question.

August 27th, 2006 at 04:25 am

Ok on that silly change of a phrase, I can assume some of you know what I am going to mention. For those that don't, there is a site I have read up on based on some finance blogs. It is propser.com. It is a very interesting site where you loan money directly to borrowers (or borrow directly from lenders based on your point of view) and the rates are better for both sides of the equation. The idea is to cut out the middle man (ie. the bank).

I have been extremely wary of trying this type of setup, the risk just seemed too great to me. But as I have read more about it, I'm beginning to think putting a small amount in to try increase my return from my investments might be worth doing. At least I could learn the real worth of this activity wihtout too much risk. And if I lose some money I'll learn my lesson.

Sorry, this was just some out loud musing on my part. If anyone has suggestions or wants to pass along their experience, please lets hear it.

3 Responses to “To prosper, or not to prosper, that is the question.”

  1. homein2007 Says:
    1156738792

    I hope you go forward with this, I'm curious about how this could work for me in the future (after I'm finished taking care of some high-interest debts.)

  2. jeffrey Says:
    1156748460

    Nate is doing this and having some success. You just need to diversify your lending to reduce the risk

  3. miclason Says:
    1156782127

    ...my boss is also doing this...

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