Public Boards > Introductions
Hi, Everybody! I'm here to learn
archyteckie08:
Hi everyone,
Heard a lot about Prosper throughout the years but never really took time to look into it until now. My daughter is looking for loan to buy some business equipment. We've reviewed traditional loans and SBA but thought why not try Prosper? I'm also interested in becoming a lender some time down the road. Therefore, I joined the prospers forum to see Prosper from an investors prospective and to learn what motivates them.
-CD
Beerbud1:
Greetings and Welcome! Read the Lobby! Prosper loan requests.
archyteckie08:
Thanks for replying to my post. I'll check out the lobby.
nonattender:
--- Quote from: archyteckie08 on July 30, 2011, 06:11:10 pm ---
Hi everyone,
Heard a lot about Prosper throughout the years but never really took time to look into it until now. My daughter is looking for loan to buy some business equipment. We've reviewed traditional loans and SBA but thought why not try Prosper? I'm also interested in becoming a lender some time down the road. Therefore, I joined the prospers forum to see Prosper from an investors prospective and to learn what motivates them.
-CD
--- End quote ---
"Why not?" is as good a motivation as any - and better than some. :)
To answer your question, I've been around since the beginning, and my take is that everyone has their own motivations, intentions, and
expectations for investing. They all expect a return, but, in many instances, the definitions of "return" are as idiosyncratic (and diverse)
as the reasons that people request loans. Some invest purely for monetary gain, some invest for social or affinity reasons (friends, fam,
or supporting people in situations that somehow resonate with them, e.g., successful entrepreneurs investing in budding entrepreneurs),
but, mostly, I think it's a blend of both, for pretty much everyone, since P2P is really a new & unique asset class - as, for most investors,
they've probably never had the opporunity before to invest at such a granular level (into individual people) - on a "case by case" basis...
My old line from 2006, on investing, was: "Do what you were going to do anyway - and if it works, tell everyone you had a 'system'." :)
Or something to that effect - which I think is broadly what still occurs - as it's too early to truly only invest by the numbers OR the heart.
Welcome.
-t
ETA: I wound up with a net positive return from my early investing - but, here's a note from an investor who had a different outcome...
http://www.prospers.org/forum/new_to_this_site-t23206.0.html
baldeagle:
I no longer invest on Prosper. My experience and those I know is that people won't pay unless you know them (and that is a maybe when it's all said and done). So, you're best bet is to invite friends and family to invest in you and lend here. It facilitates payments. That is all it does. Or you could use paypal.
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