Comments on: Prosper: Is Greed Really Good? http://jutiagroup.com/2007/07/06/prosper-is-greed-really-good/ Market Jitters & Political Critters Sun, 22 Nov 2009 02:27:02 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Stephen Oakes http://jutiagroup.com/2007/07/06/prosper-is-greed-really-good/comment-page-1/#comment-6797 Stephen Oakes Wed, 11 Jul 2007 00:40:56 +0000 http://jutiagroup.com/archive/2007/07/06/401/#comment-6797 Mike, Haha so true! Every battle is won before it's ever fought. I could very well be playing the role of Buddy Fox...a young man climbing his way to the top , trying to pick up every bit of knowledge along the way. The "C" rated loans shook me a little and I've had no problem with AA-B. We'll she what happens next, but I'm certainly going to miss seeing the higher rates. It's a wonderful game of chess...and I have just made my move. Mike,

Haha so true! Every battle is won before it’s ever fought. I could very well be playing the role of Buddy Fox…a young man climbing his way to the top , trying to pick up every bit of knowledge along the way.

The “C” rated loans shook me a little and I’ve had no problem with AA-B. We’ll she what happens next, but I’m certainly going to miss seeing the higher rates.

It’s a wonderful game of chess…and I have just made my move.

]]> By: Mike http://jutiagroup.com/2007/07/06/prosper-is-greed-really-good/comment-page-1/#comment-6789 Mike Tue, 10 Jul 2007 15:42:10 +0000 http://jutiagroup.com/archive/2007/07/06/401/#comment-6789 Greed is good here, but, to be blunt, don't let greed make you stupid. You need to know you can win before you start playing (Gordon would be proud of this idea), and all those high interest loans had a big question mark hanging on the far side: the default rate. I'm also surprised that you're pulling out of the C loan space. All the stats I can find and have put together suggest that the C space is where the investors get the best ROI (after defaults), though it does require a good number of loans to spread out the risk. <a href="http://prosperousland.blogspot.com" rel="nofollow">Mike</a> Greed is good here, but, to be blunt, don’t let greed make you stupid. You need to know you can win before you start playing (Gordon would be proud of this idea), and all those high interest loans had a big question mark hanging on the far side: the default rate.

I’m also surprised that you’re pulling out of the C loan space. All the stats I can find and have put together suggest that the C space is where the investors get the best ROI (after defaults), though it does require a good number of loans to spread out the risk.

Mike

]]> By: Stephen Oakes http://jutiagroup.com/2007/07/06/prosper-is-greed-really-good/comment-page-1/#comment-6772 Stephen Oakes Mon, 09 Jul 2007 14:07:33 +0000 http://jutiagroup.com/archive/2007/07/06/401/#comment-6772 Hey Juan, Thanks for your input. Please keep me posted on your progress! I'd love to hear how the shift in strategy works out for you. Hey Juan,

Thanks for your input. Please keep me posted on your progress! I’d love to hear how the shift in strategy works out for you.

]]> By: Juan http://jutiagroup.com/2007/07/06/prosper-is-greed-really-good/comment-page-1/#comment-6765 Juan Mon, 09 Jul 2007 02:06:31 +0000 http://jutiagroup.com/archive/2007/07/06/401/#comment-6765 I now only lend to AA and A rated folks and feel much more comfortable about lending $. I started by thinking I could screen the poorer ranked folks and now have one default and a s*%$load of late people. I've been doing Prosper since about the time they launched. I wish you luck! I now only lend to AA and A rated folks and feel much more comfortable about lending $. I started by thinking I could screen the poorer ranked folks and now have one default and a s*%$load of late people. I’ve been doing Prosper since about the time they launched. I wish you luck!

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