Author Topic: Prosper ending relationship with Folio  (Read 4304 times)

Fred93

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Re: Prosper ending relationship with Folio
« Reply #15 on: October 01, 2016, 06:09:02 PM »
115 notes in 5 months. I highly doubt that many investors on folio are as small as I am. But there's my totals.

I'm pretty sure most retail investors are very small.

Ok, so that's 0.77 notes/day for you.
If there are 100 like you, then volume would be 77 notes/day.
If there are 200 like you, then volume would be 154 notes/day.
If there are 1000 like you, then volume would be 770 notes/day.

I'm still using a wild guess for the #people multiplier of course.  Given that we've only heard from at most 10 folks who talk a lot about folio on this board, and seem to use it extensively, I don't think there are thousands total.

I stand by my guestimate that transaction volumes are very low, possibly in the 50-200/day range.

jheizer

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Re: Prosper ending relationship with Folio
« Reply #16 on: October 01, 2016, 08:57:15 PM »
I would think the number is higher too.  Since I wrote my automated code after the may "event" I've bought 215 note on folio.  Still nothing huge and amazing, but I am also a small fish compared to most here.  I think I've only sold 3 dozen or so.  On my phone so that's take more time than just checking the count on my folio buyer portfolio.
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RT45

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Re: Prosper ending relationship with Folio
« Reply #17 on: October 02, 2016, 12:53:41 AM »
Good sleuthing Fred93, thanks for the analysis.

jpildis

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Re: Prosper ending relationship with Folio
« Reply #18 on: October 02, 2016, 09:29:48 AM »
My Folio transaction volume (mainly buying) is $25-30k per month.

pclee37

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Re: Prosper ending relationship with Folio
« Reply #19 on: October 02, 2016, 09:32:35 AM »
Mine around 10K per month

fliphusker

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Re: Prosper ending relationship with Folio
« Reply #20 on: October 02, 2016, 10:43:04 AM »
Jaw just dropped at seeing the numbers that jpildis is putting in.  I know there are good buys on FOLIO but for the most part there is not.  I can only assume that you are buying notes at a prem and maybe even decent sized markups.  I can only assume you only would buy seasoned notes or maybe ones where someone is liquidating under 12 payments.  I assume the months after LP day that you had a feeding frenzy and not finding anywhere close to the deals now. 
Fred I respect your opinions and have learned tons from you, I just think you are wrong with the theoretical numbers here.  I believe LC says that there are 125k retail investors in LC, I assume probably 2/3 of that are active.  But only 1k small investors like me on FOLIO is not probable.  I do think that after LP day a slice of that 125k or whatever moved to FOLIO for whatever reason.  I do think it is a small slice but I would not be shocked to see it approaching 5-10k who buy notes monthly.  I do hope that I am right as want to see the secondary market continue for LC.  There would probably be more activity if the FOLIO site was not such a joke. 
I also suspect that pclee and jp are not the only big spenders on FOLIO.  I think that club is probably pretty exclusive though. 

dr.everett

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Re: Prosper ending relationship with Folio
« Reply #21 on: October 02, 2016, 12:23:41 PM »
My Folio transaction volume (mainly buying) is $25-30k per month.

I'm in this range with my IRA and Taxable account when you combine their activity. I buy (at discount or very low markup), and I sell.

rawraw

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Prosper ending relationship with Folio
« Reply #22 on: October 03, 2016, 12:09:11 PM »
I personally list about 50 or so notes at a time. Normally ten of which will sell immediately or slightly after immediately. I don't think 50 transactions a day is nearly high enough based on my experience.

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jheizer

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Re: Prosper ending relationship with Folio
« Reply #23 on: October 03, 2016, 12:13:56 PM »
I even get beat out buying loans a lot too.  Just 5 minutes ago I missed buying 2 loans for a crazy awesome discount as the 20 seconds my code was off doing something else was enough time for someone to steal them out from under me.
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TheLittleDuke

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Re: Prosper ending relationship with Folio
« Reply #24 on: October 04, 2016, 02:07:29 PM »
This has a significant impact on my plans to invest with Prosper -- one of the things that was attractive was the liquidity.

In fact a few years ago I did a test to see how fast I could unwind and get out -- took me about 45 days to dump nearly 500 notes.

I'll still use the Prosper platform, but I highly doubt I'll be investing in any 5yr notes.
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justice42

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Re: Prosper ending relationship with Folio
« Reply #25 on: October 06, 2016, 05:18:02 PM »
I have purchased $14,870 among 297 notes so far this year. My average is $50.06 per note. So i'm averaging $1652 per month, all buying no selling.

Just adding my statistics for the sake of a larger sample group.