E Trade Margin Arbitrage
Homeownership Verified

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Listing Information
Amount: $7,000.00 Status: Loan created
Grade: AA DTI: 1%
Lender Rate: 8% Borrower: fryeguy
Time Left: Finished State: MA
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2007-02-27 EricsCC ROI: 6%
Status History
Feb 24, 2007 Current
I have a stock account at E Trade that charges me 9.24% for any invested capital  on margin.  I am interested to see how fast I will get funded.  I am also interested in seeing how far below the posted 22% lenders will drive my rate.  The way I figure it is that if my rate gets driven below 9.24%, I can save some money on any margin investments and it is a great way to learn about how Prosper works as I intend to make loans as soon as my cash gets transfered from my bank (2/21/07).  I want to post a high interest rate to draw immediate attention to my  listing  to see how fast it will get to fully funded. My goal is to get the rate below 9.24%

I am the CEO of a software company in Boston.  I currently have no debt outside of my mortgages and I have a net worth of several million dollars.  I do not need this loan to make ends meet, but I am interested in learning how this site works.  As you can see I have perfect credit and no debt so I would consider my loan to be among the safest bets you can make, and the 22% rate represents an amazing return on your capital given the risk profile that I represent.  Please bid on my loan as I am very interested in seeing how this works.
Borrower's Other Listings
99634 Learning how prosper works AA $7,000 @ 6% Feb 14, 2007 Withdrawn
100467 E Trade Margin Arbitrage AA $7,000 @ 9% Feb 16, 2007 Withdrawn

 

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