[Bohb Daishi]

Had to do it.


On a more serious note, how many of you actively purchase notes on Prosper's secondary market?

[core]

Thanks for ruining my idea, Bohb. I was going to post a fake sticky about how this subforum is empty because Prosper sucks.

But to answer your question, I buy notes on Prosper occasionally. Prosper sucks because the notes don't show up after you buy them. I hate to sound like a broken record. There is absolutely no reason any sane investor would use Prosper. Prosper sucks. I've posted my "list" in the Prosper forum at least once. Investors, stay away from Prosper.

[Keltset]

I tested the waters and my dislike for Prosper only grew....

[Lovinglifestyle]

I bought about 12 notes in '08 and never went back after the quiet period for SEC. Don't expect I ever will, thanks to Core. Coincidentally, I just browsed there for first time in ages, minutes before this. The ones I bought all paid in full.

[cnmor54]

I have 16 more notes to get rid of and then I will be so done with Prosper!

[neals384]

At least one sane lender uses Prosper because he lives in a no-LC state.

[TravelingPennies]

<span class="quoteheader"><span class="topslice_quote"> from: neals384 on March 11, 2014, 11:02:17 PM

[TravelingPennies]

<span class="quoteheader"><span class="topslice_quote"> from: neals384 on March 11, 2014, 11:02:17 PM

[thezfunk]

I have sold on Folio on Prosper but I haven&#039;t bought yet through Folio. Prosper holds my taxable account whereas my Roth is at Lending Club. I started at Prosper in 2010 and was super conservative and didn&#039;t do that well. I never lost money but averaged 4-6% return. Better than a savings account but not where I wanted it. I had no idea what I was doing.

I decided to sell a bunch of my conservative notes and go higher risk. Consequently, my return last year was over 13%. Unfortunately, since I don&#039;t have automation on Prosper, I can only ever get &#039;C&#039; notes. Because of that, I want to get into Folio but it&#039;s so bloody user unfriendly. I am pretty sure I can go to my local tech college and get some guys who could do a better job with that interface and search-ability.

[imported_Peter]

<span class="quoteheader"><span class="topslice_quote"> from: Bohb Daishi on March 11, 2014, 03:04:45 AM

[Jmar42]

Are Prosper notes not on Folio LC secondary market?

[TravelingPennies]

<span class="quoteheader"><span class="topslice_quote"> from: Jmar42 on March 19, 2014, 04:33:22 PM

[TravelingPennies]

So you have to open an account at LC and Prosper in order to access each market individually. Wow, archaic.

[TravelingPennies]

<span class="quoteheader"><span class="topslice_quote"> from: Jmar42 on March 19, 2014, 08:33:46 PM

[TravelingPennies]

<span class="quoteheader"><span class="topslice_quote"> from: Jmar42 on March 19, 2014, 08:33:46 PM

[Keltset]

For some reason I am reminded of the argument that Netscape should be bundled with Windows because Internet Explorer was.... hmmmmm

[Jmar42]

Yep, makes no sense having two illiquid markets.

[twigster]

Decided to sell some out sized Prosper loans. For all the knocks, the interface is pretty good (at least how it relates to selling notes). I really like the &#039;sell at auction feature&#039;. There seems to be decent liquidity. The first time around selling at auction starting with 0 % most notes got two or three bids driving up the price a little.

[imported_Emmanuel]

<span class="quoteheader"><span class="topslice_quote">Quote"> from: thezfunk on March 19, 2014, 09:02:18 PM

[TravelingPennies]

Ideal would be a central limit order book (CLOB),with priority to only displayed loans.

[thezfunk]

<span class="quoteheader"><span class="topslice_quote"> from: Emmanuel on May 12, 2014, 10:59:38 AM

[TravelingPennies]

<span class="quoteheader"><span class="topslice_quote"> from: Jmar42 on May 12, 2014, 11:06:59 AM

[TravelingPennies]

This p2p lending market is very young. Because it is so new there will be much more innovation such as dark markets like the equity markets. You will also have more then the folio ATS. There will be several ats&#039;s like folio.