Comments on: Prosper Investing Tips and Testimonial http://wealthboy.com/prosper-investing-tips-and-testimonial/ A blog about personal finances, peer-to-peer lending, investing, the economy, and more. Wed, 24 Feb 2010 03:30:18 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: WealthBoy http://wealthboy.com/prosper-investing-tips-and-testimonial/comment-page-1/#comment-3071 WealthBoy Tue, 20 Oct 2009 12:13:51 +0000 http://wealthboy.com/?p=53#comment-3071 I'm just reinvesting funds I already have there now that I'm able to once<br>again. I have nothing to lose but my initial investment. I'm just reinvesting funds I already have there now that I'm able to once
again. I have nothing to lose but my initial investment.

]]> By: ToySoldierman http://wealthboy.com/prosper-investing-tips-and-testimonial/comment-page-1/#comment-3070 ToySoldierman Tue, 20 Oct 2009 01:57:59 +0000 http://wealthboy.com/?p=53#comment-3070 WealthBoy... after your own personal experience and the information of <a href="http://Prospers.org" rel="nofollow">Prospers.org</a>... what possessed you to start bidding again on <a href="http://Prosper.com" rel="nofollow">Prosper.com</a> ?!?<br><br>I would STRONGLY suggest you read Fred93's blog concerning Prosper. He's been quoted by the SEC for his <a href="http://Prosper.com" rel="nofollow">Prosper.com</a> research. I dont see the default rates slowing down too much even with the marginal improvements Prosper (v3) has done.<br><br><a href="http://fred93blog.blogspot.com/" rel="nofollow">http://fred93blog.blogspot.com/</a><br><br>If I'm not mistaken... under the current Lender's agreement (Prosper v3)... your current loans become worthless when <a href="http://Prosper.com" rel="nofollow">Prosper.com</a> runs out of VC ! it's been heavily discussed on <a href="http://www.Prospers.org" rel="nofollow">http://www.Prospers.org</a> WealthBoy… after your own personal experience and the information of Prospers.org… what possessed you to start bidding again on Prosper.com ?!?

I would STRONGLY suggest you read Fred93's blog concerning Prosper. He's been quoted by the SEC for his Prosper.com research. I dont see the default rates slowing down too much even with the marginal improvements Prosper (v3) has done.

http://fred93blog.blogspot.com/

If I'm not mistaken… under the current Lender's agreement (Prosper v3)… your current loans become worthless when Prosper.com runs out of VC ! it's been heavily discussed on http://www.Prospers.org

]]> By: WealthBoy http://wealthboy.com/prosper-investing-tips-and-testimonial/comment-page-1/#comment-3069 WealthBoy Tue, 20 Oct 2009 00:36:35 +0000 http://wealthboy.com/?p=53#comment-3069 That seems about right. My net loss to date is $225.45 and my net<br>investment was $2,500. That seems about right. My net loss to date is $225.45 and my net
investment was $2,500.

]]> By: ToySoldierman http://wealthboy.com/prosper-investing-tips-and-testimonial/comment-page-1/#comment-3068 ToySoldierman Tue, 20 Oct 2009 00:16:15 +0000 http://wealthboy.com/?p=53#comment-3068 <a href="http://www.ericscc.com/lenders/wealthboy" rel="nofollow">http://www.ericscc.com/lenders/wealthboy</a><br><br>Portfolio Performance of WealthBoy<br><br>EricsCC Estimated ROI¹: -5.49%<br><br>Check out <a href="http://www.Prospers.org" rel="nofollow">http://www.Prospers.org</a> for the latest updates concerning the fiasco of <a href="http://Prosper.com" rel="nofollow">Prosper.com</a> http://www.ericscc.com/lenders/wealthboy

Portfolio Performance of WealthBoy

EricsCC Estimated ROI¹: -5.49%

Check out http://www.Prospers.org for the latest updates concerning the fiasco of Prosper.com

]]> By: WealthBoy http://wealthboy.com/prosper-investing-tips-and-testimonial/comment-page-1/#comment-2976 WealthBoy Sun, 07 Dec 2008 15:16:13 +0000 http://wealthboy.com/?p=53#comment-2976 Things certainly haven't gone as well as I've hoped. It will be interesting to see how things pan out once the <a href="http://wealthboy.com/prosper-to-provide-secondary-lending-market/" rel="nofollow">secondary market on Prosper</a> opens, if it receives SEC approval. I doubt if anything will come from the class action suit, as anyone (other than the attorneys) ever win anything from these. I (and other Prosper investors) accepted the risk of investing in Prosper and realized that incurring loss was a possibility. Things certainly haven't gone as well as I've hoped. It will be interesting to see how things pan out once the secondary market on Prosper opens, if it receives SEC approval. I doubt if anything will come from the class action suit, as anyone (other than the attorneys) ever win anything from these. I (and other Prosper investors) accepted the risk of investing in Prosper and realized that incurring loss was a possibility.

]]> By: Karl http://wealthboy.com/prosper-investing-tips-and-testimonial/comment-page-1/#comment-2975 Karl Sun, 07 Dec 2008 02:37:18 +0000 http://wealthboy.com/?p=53#comment-2975 Prosper has been found in violation of SEC regulations and fined $1 million. There is now a class-action lawsuit against Prosper for fraud.<br>Over 4000 borrowers have "defaulted" on their loans in 2008 and another 2000+ are late. Prosper seems to do nothing to collect. This bloggers ROI is actually .o3% and falling. <br>Beware of Prosper!! Prosper has been found in violation of SEC regulations and fined $1 million. There is now a class-action lawsuit against Prosper for fraud.
Over 4000 borrowers have “defaulted” on their loans in 2008 and another 2000+ are late. Prosper seems to do nothing to collect. This bloggers ROI is actually .o3% and falling.
Beware of Prosper!!

]]>