Sorry y'all, but I don't have a real post today. Things have been busy with work, but I promise an update tomorrow!
In unrelated news, the Apple iPhone SDK came out today! I will definitely be playing with it tonight. My goal is to get my Nike+ Amp watch working with my iPhone eventually, or at least I hope so.
Last but not least, I finally won a Prosper.com bid! FINALLY. We'll see if my new strategies can improve my win rate.
~hhh.cubed ^_^
Showing posts with label prosper. Show all posts
Showing posts with label prosper. Show all posts
Thursday, March 6, 2008
Wednesday, March 5, 2008
Sniping Debt
Wow, I never thought I'd have so much trouble bidding on debt on Prosper.com, but I'm getting outbid left and right! Every day I get new outbid notices... I never even had this much trouble on eBay! I think I figured out the trick, though: you can still bid on 100% funded people! Once they're 100% funded, if there is still time left on the loan any bid is fair game, you just have to come in lower. I was getting outbid by like 4% for some AA-rated borrowers, sheesh!
With life being busy as hell it's a bit difficult to keep up with a whole queue of "auctions" but then again I guess that's what power eBayers do all the time. Someone really needs to make a good widget to track their auctions (and end times) on Prosper.com. I suppose I could dust off the old Apple Dashcode app...
~hhh.cubed ^_^
With life being busy as hell it's a bit difficult to keep up with a whole queue of "auctions" but then again I guess that's what power eBayers do all the time. Someone really needs to make a good widget to track their auctions (and end times) on Prosper.com. I suppose I could dust off the old Apple Dashcode app...
~hhh.cubed ^_^
Thursday, February 28, 2008
Darn!
Darn! I missed posting yesterday! I ended up falling asleep on the couch until it was bedtime, then just went to bed. Yet I'm still tired somehow, hmmm... Well, to make it up to y'all here's an early post on Thursday. ;)
Well after three glorious days of gains, it looks like this short run is over. I've historically always been early and jumped the gun on things, but it looks like this time I missed my chance to sell. So what now? With the dollar at new lows, the market pulling a u-turn, investors need to keep reminding themselves, "how much worse will things get?" There's a chance the dollar has hit rock-bottom, yet there's also a chance things will get much, much worse. We're supposed to be in a recession, aren't we? Do I go into full-bear mode and invest in long-term fixed income? Or do I gamble a bit and buy my way down?
Well, let me put things into perspective: no matter what your long-term strategic approach is, as long as you bet on known players, such as IBM, AAPL, INTC, NOK -- who happen to look very attractive in terms of cost (P/E), or have a bright future ahead of them in regards to potential marketshare gains (AAPL), you're eventually going to win. As opposed to someone who's lost 75% of their portfolio's assets due to incredibly high-risk, unproven companies that eventually went bankrupt. Yes that kind of thing does happen. So you can definitely play it safe, yet win big in the long run.
On a side note, I am now starting to realize the whole "bidding" system driving Prosper.com. I'm getting my bids rejected left and right, or being outbid by other lenders...! The contention on all of the AA-class borrowers is incredibly high, not to mention the very small playing field to begin with. I will definitely have to start being more aggressive with my bids. It's starting to look a lot more borrower-friendly than I ever imagined...
~hhh.cubed ^_^
Well after three glorious days of gains, it looks like this short run is over. I've historically always been early and jumped the gun on things, but it looks like this time I missed my chance to sell. So what now? With the dollar at new lows, the market pulling a u-turn, investors need to keep reminding themselves, "how much worse will things get?" There's a chance the dollar has hit rock-bottom, yet there's also a chance things will get much, much worse. We're supposed to be in a recession, aren't we? Do I go into full-bear mode and invest in long-term fixed income? Or do I gamble a bit and buy my way down?
Well, let me put things into perspective: no matter what your long-term strategic approach is, as long as you bet on known players, such as IBM, AAPL, INTC, NOK -- who happen to look very attractive in terms of cost (P/E), or have a bright future ahead of them in regards to potential marketshare gains (AAPL), you're eventually going to win. As opposed to someone who's lost 75% of their portfolio's assets due to incredibly high-risk, unproven companies that eventually went bankrupt. Yes that kind of thing does happen. So you can definitely play it safe, yet win big in the long run.
On a side note, I am now starting to realize the whole "bidding" system driving Prosper.com. I'm getting my bids rejected left and right, or being outbid by other lenders...! The contention on all of the AA-class borrowers is incredibly high, not to mention the very small playing field to begin with. I will definitely have to start being more aggressive with my bids. It's starting to look a lot more borrower-friendly than I ever imagined...
~hhh.cubed ^_^
Monday, February 25, 2008
friendhelp
Well, my money finally fully transferred into Prosper.com today and all $500 is vested currently. Let the formal test phase begin! Assuming everyone pays me back, it's a theoretical 14.40% interest rate, of which I'm thinking is realistically closer to 10% (that might prove to be overly optimistic). Overall it's a great idea and I'm hoping it will prove fruitful. I will keep y'all up to date!
BTW, I went ahead and created a group on Prosper.com called 'friendhelp' (still pending review, but I'm confident it will be approved). The goal of the group is that it will be a circle of tight-knit friends that keep promoting to their trustworthy friends (and so-on and so-forth) so eventually you have a big network of people who can trust one another and everybody wins, both lenders and borrowers! It should be win-win for everybody, with low overhead/hassle and preferrably no delinquencies. ;)
Check it out (once it gets approved) and let me know if you're interested in joining (it's set to invite-only).
~hhh.cubed ^_^
BTW, I went ahead and created a group on Prosper.com called 'friendhelp' (still pending review, but I'm confident it will be approved). The goal of the group is that it will be a circle of tight-knit friends that keep promoting to their trustworthy friends (and so-on and so-forth) so eventually you have a big network of people who can trust one another and everybody wins, both lenders and borrowers! It should be win-win for everybody, with low overhead/hassle and preferrably no delinquencies. ;)
Check it out (once it gets approved) and let me know if you're interested in joining (it's set to invite-only).
~hhh.cubed ^_^
Tuesday, February 19, 2008
Oops!
Wow, I accidentally killed my blog when I posted code from AdSense into a HTML/Javascript Blogger box (okay, I'm a whore). I've since fixed it, although I now have no idea whether or not everything is working (i.e. whether or not I'm getting PAIIIIIIID), so we'll see. I did find it funny that one of my ads was "Asian American Blog" based on the very limited context of what's on this site already, haha.
Also, I've started looking for people on Prosper.com and it seems like a pretty sweet system. Granted, the amount of people with AA ratings and a verified bank account and are home owners is like < 10, but I'm hopeful... We'll see how well it works once I get the bank account link actually working, grrr... (could be faster but there's no WAY I'm giving them login access to my bank account, haha)
~hhh.cubed ^_^
Also, I've started looking for people on Prosper.com and it seems like a pretty sweet system. Granted, the amount of people with AA ratings and a verified bank account and are home owners is like < 10, but I'm hopeful... We'll see how well it works once I get the bank account link actually working, grrr... (could be faster but there's no WAY I'm giving them login access to my bank account, haha)
~hhh.cubed ^_^
Monday, February 18, 2008
Back from the dead...
Well, I decided it was time to revive this blog, even though I am probably going to start hosting my own soon (<3 Apple iWeb). The more links the better! Plus, I decided to add a link to a cool blog I just found (Tired but happy) which discusses some of the pros and cons of Prosper.com, which I'm thinking of trying out. 10% returns (albeit at a significantly higher risk factor) sounds too deliciously tempting right now with the market as it is to keep ignoring social, community lending sites (there's also Zopa). What can I say, I'm a sucker for watching my net worth grow year-by-year. ;)
~hhh.cubed ^_^
~hhh.cubed ^_^
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