Disqus - Latest Comments for MoneyProgress

Re: $50 Bonus for New Prosper Lenders

Money Progress — Fri, 30 Oct 2009 10:30:19 -0000

I live in Texas too, and thus I am no longer eligible to lend on Prosper. However, back in 2008 I was able to do so. I lent a total of around $1000. My estimated ROI is 8.6% at the moment. I have had 2 out of 10 loans default, but luckily both of those were minimum bids ($50.) One of my loans is $500 and is doing well. This loan was to a member of an online community that is pretty close knit. Another one of my loans for $100 at 20% was paid off early, got $122 from that.

I think the best way to use Prosper is to lend to people you know or people you are connected to in some way.

I've recently started lending on Lending Club since they allow lenders from Texas (but I think we can't trade notes after the fact or something like that.)

Re: Market Share Battles: Review of Free Online Money Management Tools Part 2

Money Progress — Tue, 10 Mar 2009 13:59:04 -0000

A complaint I had about quicken is that I was unable to add an account that they could not connect to electronically. I wanted to create a manual account to keep track of some things and I was just unable to add any account that wasn't in their list.

Re: Market Share Battles: Review of Free Online Money Management Tools

Money Progress — Tue, 10 Mar 2009 13:53:43 -0000

I personally think Yodlee is the best, and I have tried them all for a while now. Yodlee seems to keep the most history and offers good net worth and portfolio history tracking. My main complaint at this point is that these histories don't go far back enough. You can view 12 month charts or "last year" charts but after that, it's gone.

Another one that has promise is Just Thrive (http://www.justthrive.com). I've had a problem with it "losing" my login information and not being able to update my accounts after a period of time. They boast of better security features (not actually storing your account info) but that is probably what is causing the problem.

Re: 100th Post Extravaganza!

Money Progress — Mon, 09 Mar 2009 17:46:39 -0000

I'm just echoing what others have said but I also wanted to say thanks for the link!

Re: Fear and Loathing on Main Street

Money Progress — Fri, 27 Feb 2009 18:15:39 -0000

I've been a bit scared recently, though if I've been influenced by the mainstream media, it is indirectly. I get most of my news and opinions from community forums and personal blogs. At some point, of course, those people were probably influenced by the media :)

I have indeed reacted and sold some investments, but I like to think that it is because I've done what you described, "Make your decisions because you’ve done the math and thought about the consequences." I think I was taking too much risk for my financial situation.