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Archive for the 'Prosper' Category

10 Feb

Can I Claim a Moving Expense Deduction if I Telecommute?

Line 26 on IRS form 1040 is for an income deduction for moving expenses.   According to IRS Form 3903, it is not clear how moving applies to telecommuting jobs. The instructions say: If you move to a new home because of a new principal workplace, you may be able to deduct your moving expenses whether [...]

05 Apr

Announcing the Prosper Bid Sniper (beta)

I’ve created a standalone PHP application that can be used to snipe bids on Prosper. Sniping is the practice of bidding on loans as late as possible so that your funds aren’t tied up unnecessarily. The portfolio tool that Prosper provides bids on listings as soon as they meet all of your criteria. Such a [...]

28 Feb

Over-Diversification on Prosper is a Bad Thing

I have a bit of money invested in some Prosper loans now and am interested in how they are doing, as well as how the whole concept of Peer to Peer lending is going. The ProsperDays conference has been going on the past couple days and I’ve been watching some videos of it. I thought [...]

08 Feb

At Least it Looks Like I’m Making Money On Prosper

I’ve been investing a little money each month in Prosper for almost a year now. Each month they send a statement detailing the account balance.  I calculate the different between the current month and the previous month to determine how much interest to add to my account in Quicken.  Of course, the amount of interest [...]

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