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B
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First
OP: March 10, 2014, 11:00:00 PM
Had to do it.  ;)


On a more serious note, how many of you actively purchase notes on Prosper's secondary market?
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c
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#1: March 10, 2014, 11:00:00 PM
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.
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K
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First
#2: March 10, 2014, 11:00:00 PM
I tested the waters and my dislike for Prosper only grew....
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L
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#3: March 10, 2014, 11:00:00 PM
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.
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c
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#4: March 10, 2014, 11:00:00 PM
I have 16 more notes to get rid of and then I will be so done with Prosper!
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n
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First
#5: March 10, 2014, 11:00:00 PM
At least one sane lender uses Prosper because he lives in a no-LC state.
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T
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#6: March 11, 2014, 11:00:00 PM
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T
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#7: March 11, 2014, 11:00:00 PM
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t
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#8: March 11, 2014, 11:00:00 PM
I have sold on Folio on Prosper but I haven'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'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't have automation on Prosper, I can only ever get 'C' notes.  Because of that, I want to get into Folio but it'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.

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#9: March 14, 2014, 11:00:00 PM
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Publisher of the Lend Academy blog

See my returns here: http://www.lendacademy.com/returns
J
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#10: March 18, 2014, 11:00:00 PM
Are Prosper notes not on Folio LC secondary market?
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T
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#11: March 18, 2014, 11:00:00 PM
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T
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#12: March 18, 2014, 11:00:00 PM
So you have to open an account at LC and Prosper in order to access each market individually.  Wow, archaic.
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T
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#13: March 18, 2014, 11:00:00 PM
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T
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#14: March 18, 2014, 11:00:00 PM
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