Author Topic: Weekend Investing on Propser, some questions.  (Read 3020 times)

SeattleSun

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Weekend Investing on Propser, some questions.
« on: July 21, 2013, 10:37:36 PM »
1)  Am I correct that all Prosper loans on the weekend are "fractional" loans?

2) And that the limit for any big player is 50% and that multiple big players can't each take 50%?

For example today I was pretty quick and choose a nice 'B' $10,000 loan and hit it for $100, my standard bet.

When I returned to my screen it was now 51% full i.e. $5,100 out of $10,000.

So a big player took half the loan and the rest is left for the retail crowd?

Do I have that right?  TIA

Also I noted that Prosper has dropped the limit from 75% to 50% recently.
« Last Edit: July 22, 2013, 08:45:22 AM by SeattleSun »

neals384

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Re: Weekend Investing on Propser, some questions.
« Reply #1 on: July 22, 2013, 12:57:04 PM »
1)  Am I correct that all Prosper loans on the weekend are "fractional" loans?

2) And that the limit for any big player is 50% and that multiple big players can't each take 50%?

For example today I was pretty quick and choose a nice 'B' $10,000 loan and hit it for $100, my standard bet.

When I returned to my screen it was now 51% full i.e. $5,100 out of $10,000.

So a big player took half the loan and the rest is left for the retail crowd?

Do I have that right?  TIA

Also I noted that Prosper has dropped the limit from 75% to 50% recently.


1.  I have no reason to believe that.

2.  Pretty sure that is not so.

Peter

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Re: Weekend Investing on Propser, some questions.
« Reply #2 on: July 23, 2013, 06:07:37 PM »
All loans that we see as retail investors are fractional loans. But I don't think the weekend is any different to during the week.

Yes, 50% is the limit for any loan in the fractional pool but two large investors can each take 50%. Most of the big investors are investing through the API which runs seven days a week.
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agd

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Re: Weekend Investing on Propser, some questions.
« Reply #3 on: July 23, 2013, 07:57:50 PM »
I'm pretty sure whole loan availability is only M-F.  Any listings that occur during the weekend are Fractional.