Comments on: In Defense of Prosper.com – Other Common Complaints Rebutted http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/ Saving, Earning, and Investing Money Mon, 22 Mar 2010 04:54:42 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Joy http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-7255 Joy Fri, 06 Apr 2007 06:25:56 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-7255 P.S. I forgot to ask you where you got your language translation buttons down at the bottom of the right-hand side of your site. I would love to add those to my site. P.S. I forgot to ask you where you got your language translation buttons down at the bottom of the right-hand side of your site. I would love to add those to my site.

]]> By: Joy http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-7254 Joy Fri, 06 Apr 2007 06:21:36 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-7254 I enjoyed reading your blog about Prosper.com. My son told me a while back that he and a couple of his buddies had invested some money with them. I will have to ask him how things are going. My son is a market maker/trader who works for Knight. Also, I have started listening to a lot of podcasts that I subscribe to through iTunes. And one of them is on entreprenureal innovation by "Iinnovatecast.com." It is put out by two Standford University students and each podcast has been an interview with a recognized innovator, such as the CEO of Google, or Craigslist, or Intel, etc. Today, I listened to their interview of the founder of Prosper.com. It was a very interesting interview. Check out their site and you may also want to subscribe to their podcast. I enjoyed reading your blog about Prosper.com. My son told me a while back that he and a couple of his buddies had invested some money with them. I will have to ask him how things are going. My son is a market maker/trader who works for Knight.

Also, I have started listening to a lot of podcasts that I subscribe to through iTunes. And one of them is on entreprenureal innovation by “Iinnovatecast.com.” It is put out by two Standford University students and each podcast has been an interview with a recognized innovator, such as the CEO of Google, or Craigslist, or Intel, etc. Today, I listened to their interview of the founder of Prosper.com. It was a very interesting interview. Check out their site and you may also want to subscribe to their podcast.

]]> By: Revealing the Keys to Prosper Success http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-5334 Revealing the Keys to Prosper Success Mon, 26 Mar 2007 05:17:26 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-5334 [...] this week, I defended the Prosper’s business viability. I spent two posts rebutting the idea that it might not be a good investment. Just yesterday, I discussed the Prosper [...] [...] this week, I defended the Prosper’s business viability. I spent two posts rebutting the idea that it might not be a good investment. Just yesterday, I discussed the Prosper [...]

]]> By: Jonathan http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-5089 Jonathan Sun, 25 Mar 2007 02:53:51 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-5089 I think I should redefine "work". Work is not just time. Work = Time x Enjoyability There are tons of things that I do that takes way too much time (tons!), but I enjoy it so it doesn't feel like work. I think the root of this is that I hate the idea of something "stealing" my money and not paying it back. It would grate on me! :) I guess that's why people look at it like gambling, but I like gambling better because either I can know the odds or it's (kinda) skill vs. skill like poker. I think I should redefine “work”. Work is not just time.

Work = Time x Enjoyability

There are tons of things that I do that takes way too much time (tons!), but I enjoy it so it doesn’t feel like work. I think the root of this is that I hate the idea of something “stealing” my money and not paying it back. It would grate on me! :) I guess that’s why people look at it like gambling, but I like gambling better because either I can know the odds or it’s (kinda) skill vs. skill like poker.

]]> By: RateLadder.com http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-5013 RateLadder.com Fri, 23 Mar 2007 23:36:56 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-5013 [...] Wednesday - In Defense of Prosper.com - Other Common Complaints Deconstructed [...] [...] Wednesday – In Defense of Prosper.com – Other Common Complaints Deconstructed [...]

]]> By: ProsperLenders.com http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-4766 ProsperLenders.com Thu, 22 Mar 2007 07:22:59 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-4766 Hey Rateladder, Prepayment is an additional risk (assuming you're reinvesting) because: When payments come in and re-originate in a new loan, that money begins again at month 0 of the default curve and has to travel the entire length of the curve, including the more risky early parts. (There may be more risky middle or latter parts of the curve, but we haven't had enough time to see that yet...) -t Hey Rateladder,

Prepayment is an additional risk (assuming you’re reinvesting) because:

When payments come in and re-originate in a new loan, that money begins again at month 0 of the default curve and has to travel the entire length of the curve, including the more risky early parts. (There may be more risky middle or latter parts of the curve, but we haven’t had enough time to see that yet…)

-t

]]> By: ProsperLenders.com http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-4734 ProsperLenders.com Thu, 22 Mar 2007 04:01:26 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-4734 For those of you interested in actual numbers from the Prosper Marketplace (or those of you who, as lenders, realize that information is the name of the game when picking loans online), I've collected a number of links to (what I think is probably 90% of) the nascent Prosper third-party information ecosystem (including some rather sophisticated third-party data sites that operate off of Prosper's newly accessible market data). Of special note is that the market data Prosper releases makes it as easy to track lenders (and their "bidding" behavior) as it makes it to model potential borrower-selection strategies (or "standing order" backtests run against the market data). I've put a small amount into Prosper so far and am pleased with the results - but the learning curve does appear to be steep, for some... -t For those of you interested in actual numbers from the Prosper Marketplace (or those of you who, as lenders, realize that information is the name of the game when picking loans online), I’ve collected a number of links to (what I think is probably 90% of) the nascent Prosper third-party information ecosystem (including some rather sophisticated third-party data sites that operate off of Prosper’s newly accessible market data).

Of special note is that the market data Prosper releases makes it as easy to track lenders (and their “bidding” behavior) as it makes it to model potential borrower-selection strategies (or “standing order” backtests run against the market data).

I’ve put a small amount into Prosper so far and am pleased with the results – but the learning curve does appear to be steep, for some…

-t

]]> By: RateLadder.com http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-4690 RateLadder.com Wed, 21 Mar 2007 22:18:46 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-4690 I don't understand why prepayment is a risk... You obtained the interest rate over the period of the loan... Perhaps along the lines of fallow money, but other than that... However, if given the choice I would like to have all my loans be 1month late contniuously... Keep making those fee payments and the ROI goes up... I don’t understand why prepayment is a risk… You obtained the interest rate over the period of the loan… Perhaps along the lines of fallow money, but other than that…
However, if given the choice I would like to have all my loans be 1month late contniuously… Keep making those fee payments and the ROI goes up…

]]> By: Lazy Man http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-4674 Lazy Man Wed, 21 Mar 2007 20:36:19 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-4674 I just crossed the $5,000 mark. Using the Net Worth in the top right of the blog, it looks like it's around 3% of my net worth. A lot of that net worth is in my investment property and retirement accounts, for what it's worth. I just crossed the $5,000 mark. Using the Net Worth in the top right of the blog, it looks like it’s around 3% of my net worth. A lot of that net worth is in my investment property and retirement accounts, for what it’s worth.

]]> By: EasyChange http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/comment-page-1/#comment-4672 EasyChange Wed, 21 Mar 2007 20:31:01 +0000 http://www.lazymanandmoney.com/in-defense-of-prospercom-other-common-complaints-rebutted/#comment-4672 I recently <a href="http://easychange.blogspot.com/2007/03/live-long-but-what-about-prosper.html" rel="nofollow">wrote about my prosper experience</a> as well. Do you mind if I ask how much you currently have in loans? And also, how much of a percent of your net worth it is? I recently wrote about my prosper experience as well. Do you mind if I ask how much you currently have in loans? And also, how much of a percent of your net worth it is?

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