[moneydance] Prosper.com Account Question

[Elana Shenton]

So set it up as several accounts?  An asset when I'm moving money into
prosper and haven't made a loan yet and then as a loan when I loan out the
money?  The problem with that would be the loan origination varies and the
$50 (or whatever) you invest is tied up until it originates and you don't
start earning interest until it does.  One of the big negatives about
prosper is they hold your money without paying you interest on it and can
tie up funds for uncertain periods of time.   (I did mention I'm trying it
out)

On 8/17/06, Edward Reid <edward at paleo.org> wrote:
>
> At 06:26 08/17/06 -0400, Elana Shenton wrote:
> >Any thoughts?
>
> Have you tried setting it up as a loan? Clearly MD loans are intended as
> loans received, based on the terminology in the UI. But I just tried
> setting up a loan with a negative principal, and it seemed to work.
> Payment
> calculated looked about right. Entering the APR normally should multiply
> it
> by the negative balance to result in  interest received. Hard to say if it
> would continue to work for the term of the loan, but it starts out OK.
>
> OTOH, the loan calculator definitely does not work for loans given.
>
> Edward
> Art works by Melynda Reid: http://paleo.org
>
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-- 
Elana Shenton
Personal Blog:  http://www.clampcampus.com
Personal Finance Website:  http://www.moneystuffed.com