Getting ready to lend
I wasn’t sure at first but I finally transferred my first $1200 to prosper. I had signed up first with lending club but I think the number of people using this new site is just too little for right now. I looked at the number of total lending opportunities and of today I just found 117 loans compared with more than 2000 listings in prosper. So for right now I will stick with prosper. I can start making my first loan on Wednesday when the money will be transferred. I am quiet excited and I will definetely try to limit my lending amount to $50/bid to reduce my risk. I still have another $900 left in my Scottrade acount that I could use but I think I will leave that amount for some stock trading