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Highest Echelon

A personal finance blog. Paying for my University, life and eventually achieving financial freedom.

My Cash Allocation

Saturday, October 07, 2006

This is how I currently have my "cash" allocated.
I plan on moving much more into Prosper.com, with a final goal of about $1250. While I currently have $750 in my Prosper account, I only have a few hundred in loans. (See my Prosper Loans Funded meter at the top right of the page). I'll talk more about why it's so difficult to fund Prosper loans when I post my full review on Prosper.

A few weeks after Zecco.com goes live, I may move $2500 into a brokerage account, once I'm confident that it's safe. I will clear out my checking and only leave $200. All remaining cash will be distributed between an E-Loan savings account and my Emigrant Direct and HSBC savings accounts.
posted by johnwilkx, 8:19 PM

5 Comments:

Zecco looks interesting. It's free?!
commented by Anonymous Anonymous, Sun Oct 08, 02:52:00 PM 2006  
20% APY at Prosper? Dude you are tempting me to look into it :)
commented by Blogger GolbGuru, Sun Oct 08, 07:06:00 PM 2006  
21.6000 to be exact.

However, remember there is risk associated with this type of "investment". Luckily, I'll be writting a 3 part review on Prosper very soon. The 3rd part will focus on what I've learned and how to minimize risk.

Quick sidenote. Prosper requires only 50 bucks to start.
commented by Blogger johnwilkx, Sun Oct 08, 07:25:00 PM 2006  
What's the percentage of defaults on the loans you have?
commented by Blogger HeJustLaughs, Mon Oct 09, 10:28:00 PM 2006  
I'll post each and every loan I have in the upcoming Prosper review.

My default rate is 0 right now.
commented by Blogger johnwilkx, Tue Oct 10, 05:24:00 AM 2006  

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