Speaking of prosper, my third loan that was in verification status is finally completed. I now have three loans that I put $50 in originally. The average rate of all my loans now is 18.81%. As I've said before, I'm expecting this to give me $0.50 increase in my monthly passive income cash flow. Why only $0.50? I don't put into account the money I am getting back as that's my principal that I put in. So I'm only approximating the interest. As for the money that I have returned in my account, it's sitting at just under $22.00. So once that hits $50, the minimum to bid, I will bid on another loan, effectively creating a compound interest scenario for myself. I am keeping track of the money I am putting in, so I can see what type of actual return I am getting after fees and service charges.
Nothing else new here.
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