I split the $1,000 into two pots; the first I used to buy 20 newly issued notes, the second I used to purchase 37 notes on the secondary market. Here are my results:
If you click on the pictures you can see them better. In short, I bought the new notes at face value so I got 20 of them at $25 each for a total of $500.00. The resale notes were generally bought at a slight mark-up. Also I decided to gamble with small portion of the money and bought some discounted notes that were in grace period (late but not so late as to incur late fees). I then decided I didn't have the stomach for gambling so I sold them, losing $10.80 in the process. If you add the $10.80 to the price of my notes and add the cash still in the account, you get to $500.00 for the "used" portfolio. The question I'm going to explore over the next year is whether peer-to-peer lending is a good idea for me, and, if so, whether I do better with new notes or resale notes.