Prosper.com: How to set it up

Discussion in 'Quicken' started by Mr.Jan, Dec 18, 2011.

  1. Mr.Jan

    Mr.Jan Guest

    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
     
    Mr.Jan, Dec 18, 2011
    #1
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  2. Mr.Jan

    Han Guest

    "Mr.Jan" <> 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-prosper-com-a-good-
    investment.html>).

    YMMV <grin>.

    --
    Best regards
    Han
    email address is invalid
     
    Han, Dec 18, 2011
    #2
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  3. Mr.Jan

    ggmillar

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    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
     
    ggmillar, Dec 19, 2011
    #3
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