[moneydance] Prosper.com Account Question

[Elana Shenton]

It did.  That's why I addressed it the way I did.  I think I'm going to go
with the single asset account for now and enter in the balances.
Hopefully, it doesn't go into the negative. :)

On 8/18/06, Scott Zahn <scott at zahna.com> wrote:
>
> Doesn't that strike you as having a HUGE pain-in-the-butt factor?  Are you
> considering
> doing this for 4-5 loans or whatever at x dollars each?  Now I'm anal with
> keeping track
> of my money, but that strikes even me as being too anal, especially given
> the fact that
> you can't download your transactions from prosper.  Seriously, I would
> keep just one
> account for all that stuff and enter in transactions that arrive with the
> monthly
> statements.  It's not like it's going to be complicated, probably one or
> two
> transactions per loan per month.
>
> On Fri, August 18, 2006 07:50, Elana Shenton wrote:
> > 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