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Old 06-12-2007, 06:58 PM
bad beetz bad beetz is offline
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Join Date: Sep 2002
Location: Yo Mama\'s House
Posts: 1,665
Default Re: Taking out a prosper loan to buy stocks

The thread itself is making me feel unsettled... Angry.

[ QUOTE ]
(from Shoe) I think the worst case scenario is I MIGHT only gain 10% instead of the 13% i am paying in interest.

[/ QUOTE ]

ARE YOU INSANE?! If the worst thing that could ever happen to you in the stock market was that you could at worst MAKE 10% you would be some sort of GOD. Instead you are a ridiculous silly person deaf to the mountain of logic laid out before you on this thread.

The worst case is that you lose quite a bit, get margin calls, and default on your prosper loan, the chance of which is not remote at all.

This thread makes me feel the way the screaming guy at the airport in front of me does, off about how he wants some airport workers' bosses' phone number because he threatened some guy on the airplane and got kicked off. In fact it makes me feel almost exactly like that.

[ QUOTE ]
(From Evan) Can someone explain to me how the hell he's raised $15,500 on prosper already?

[/ QUOTE ]

I feel like this is the only silver lining. Are these beneficiaries protected in anyway or secured? My guess is no, although I'm not familiar with prosper.... I feel like the silver lining is that there must be some business opportunity in "Prosper-trage" if silly people will give you money to invest in Stocks.
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