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Messages - ee1x

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1
Investors - LC / Internal Server Errors
« on: May 12, 2018, 02:33:36 PM »
See attached screenshot. Anyone else getting a ton of Internal Server Errors in the last week or so? I'm a little worried.

2
Investors - LC / Re: Prosper ending relationship with Folio
« on: September 30, 2016, 09:32:15 AM »
I doubt Orchard has any interest in allowing retail investors to participate in their secondary market. They've been focused on whole loans since day 1.

Do you think Prosper's announcement will push Lending Club to make the same decision?

3
Are there any circumstances under which Prosper or Lending Club would allow a borrower to make payments with a credit or debit card?

4
Investors - LC / Re: Liquidity of Funds?
« on: July 06, 2016, 10:29:34 PM »
I like the suggestion of buying notes strictly from the secondary market - just filter based on the term you're looking for. I also like the suggestion about trying Acorns if you want to diversify a little bit outside of the lending space. I've used it and have been able to withdraw funds within 1 business day when needed.

Another great retail platform similar to LC and Prosper but strictly focused on real estate is Groundfloor; they allow as low as $10 investments for 6-12 month terms which sounds like a better fit for your specific time horizon.

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Investors - P / Re: Will Prosper's new site ever get fixed?
« on: June 08, 2016, 03:24:37 PM »
Working again as of today for me.

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Investors - P / Re: Will Prosper's new site ever get fixed?
« on: June 06, 2016, 09:35:29 AM »
I've been getting "We're sorry, but we have encountered an error. Please try again later." for 3 or 4 days now. No response from Prosper Support yet.

8
Yes, LC recently revamped its underwriting and expanded into higher-interest notes as well.

9
I think this is a pretty interesting idea and certainly worth exploring further.

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Investors - P / Prosper reduces individual-investor threshold to 50%
« on: June 13, 2013, 03:35:03 PM »
In an email to Prosper investors:

Quote
   
Investor,

In his note to investors at the end of April, President Aaron Vermut talked about important changes to the Prosper platform, including imposing a limit on an individual's stake in a given loan from the standard loan pool. This was a common request from members concerned about their ability to compete in the marketplace with larger investors.

We have continued to listen to your feedback and to monitor the effect of the changes we made in April and as a result have decided to adjust the policy. For that reason, effective the close of business today, the maximum stake an individual lender can take in a loan from the standard loan pool will be reduced to 50%.

We appreciate your feedback and are committed to helping our retail investors build diversified portfolios across all Prosper Ratings and loan terms.

Thank you,
Prosper Lender Services

Thoughts?

11
Investors - P / Re: Whole Loan Program - Fair or Not?
« on: June 05, 2013, 02:18:19 PM »
Are they still going to call it p2p lending when it's no longer peer to peer?   There's likely a portion of borrowers who make a better effort to stay current just because they think "real people" are on the other end.  How little will they know.  If after all the "peers" are squeezed out it seems a bit dishonest to continue the deceit.  Perhaps this was their plan all along.  They could have some chatbots do some sterile free-form Q&A just for effect.

http://www.economist.com/news/finance-and-economics/21578670-peer-peer-lending-needs-new-name-end-peer-show

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Or I've got one better:  How p2p lending will cause the eventual collapse of the economy, since principal isn't being created like it would be with a bank loan.  More debt without a corresponding increase in the money supply probably isn't a good thing for wage earners.  Isn't this "double lent" money exactly what the Money As Debt series was warning about?

Can you explain your point on how "principal isn't being created"?

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I do technology consulting for financial companies.

14
Off Topic / Continuing on the topic of phones...
« on: May 29, 2013, 01:35:10 AM »
The last phone discussion had me wondering what carriers everyone uses and why. It's always interesting to dig deeper into the demographics of the community.

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Investing - General (not P2P) / Re: The Next Crash
« on: May 26, 2013, 06:24:24 PM »
How are you planning on protecting your portfolio?

Probably I will do "Operations Reverse Twist"  8), selling long-duration notes to buy short-duration ones.  As long as the crash is not sudden (e.g., due to terrorist attacks), I'd think this is doable within a 3-month period.

Interesting strategy... What other sorts of notes do you have in your portfolio aside from p2p?

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