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Prosper.com: How to set it up

 
 
Mr.Jan
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      12-18-2011, 04:33 AM
I just did my third investment in prosper.com and it is getting to be enough to make it worth posting in Quicken. I invest in a package of loans and receive a check every month with interest and principal repayment.
I started to set this up as a savings account but that did not work. I tried broker but not sure how to post the securities. I have 3 now. $50 and $50 (to test the waters) and now $1,000.

Any thoughts on how to record these?

Thanks
 
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Han
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      12-18-2011, 01:18 PM
"Mr.Jan" <(E-Mail Removed)> wrote in
news:12705681.840.1324182790367.JavaMail.geo-discussion-forums@vbbeg7:

> I just did my third investment in prosper.com and it is getting to be
> enough to make it worth posting in Quicken. I invest in a package of
> loans and receive a check every month with interest and principal
> repayment. I started to set this up as a savings account but that did
> not work. I tried broker but not sure how to post the securities. I
> have 3 now. $50 and $50 (to test the waters) and now $1,000.
>
> Any thoughts on how to record these?
>
> Thanks


Did you try
Property and debt|Add a new loan, and then checked Lend money? It may
work for you, although in my testing I wasn't very keen on it.

Apart from the problem of recording these activities, there is doubt as
to whether this site has a good reputation
(<http://badmoneyadvice.com/2010/01/is...er-com-a-good-
investment.html>).

YMMV <grin>.

--
Best regards
Han
email address is invalid
 
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      12-19-2011, 05:32 PM
Quote:
Originally Posted by Mr.Jan View Post
I just did my third investment in prosper.com and it is getting to be enough to make it worth posting in Quicken. I invest in a package of loans and receive a check every month with interest and principal repayment.
I started to set this up as a savings account but that did not work. I tried broker but not sure how to post the securities. I have 3 now. $50 and $50 (to test the waters) and now $1,000.

Any thoughts on how to record these?

Thanks
Can't give you accounting advice, but I can say thanks for being a Prosper lender! We appreciate having you part of our investor family. Let us know if there is any way we can help you.

Glenn G. Millar
Prosper Employee
Notes Offered by Prospectus
 
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