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Messages - neals384

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Investors - LC / Re: Borrower Deceased
« on: November 19, 2014, 10:49:51 PM »
Yeah, those listings with first credit year = 1952 are a dead give away.

Foliofn - LC / Re: Capital Gains
« on: November 09, 2014, 09:46:23 PM »
Do you have any unrealized capital gains from other investments?

Investors - P / Re: Open source list of Prosper variables in JSON?
« on: November 06, 2014, 07:49:36 PM »
Excellent!  This will come in very handy if I ever get time to redo my automated investing for Prosper.  (The previous version was 99% ready when they pulled the rug out on the old API)>

I note a couple typos on the data list:

"ProsperVariableName": "ListingPurpose" - this entry is repeated.
"ProsperVariableName": "IncomeRange" - "$10000+" s.b. 100000+

I don't understand the value list for ScoreX: 
"650-664", "665-689", "690-701", "702-723", "724-747", "748-777", "778+"
Doesn't Prosper group every listing into 20 point ranges?

Investors - P / Re: Part of the website broken?
« on: November 06, 2014, 12:23:51 PM »
The charts don't show in Firefox either.

Investing - General (not P2P) / Re: state restriction workaround
« on: October 06, 2014, 08:52:09 PM »
I'm no tax expert, but it's possible New York State/City would want to tax your income if the address on file is in NY.

Investors - LC / Re: Lending Club's Own Credit Risk
« on: October 06, 2014, 08:45:55 PM »
I believe Prosper implemented the BRV to bolster their credibility.  At the time, their survival was very much in doubt, and having the BRV was a way to reassure lenders (especially those institutional ones) that a Prosper BK would not mean a total loss for lenders.

As the market leader, evidently lenders are less worried that LC will go BK anytime soon.

Just my opinion.

Investors - LC / Re: Lending Club witch hunt has started (automation)
« on: October 02, 2014, 11:39:30 AM »
Core, you can have my identity to open and fund another account.  Once you build it up to 5 or 6 figures, I'll claim it belongs to me!   ;)

Investing - General (not P2P) / Re: Personal Capital Blog Posts Today
« on: August 24, 2014, 10:22:26 PM »
OK, so growing up in the 1950s & 60s I was one of six kids.  Dad was an engineer, Mom was a full time mother. 

We had:
  One black and white TV, rabbit ears, four channels
  One party line phone
  One car - Dad carpooled and on his day to drive Mom stayed home

We did not have:
  Microwave oven
  Cell phone
  Vacation Timeshare
  Landscape or cleaning service
  Gym membership
  Anything paid for by the government (health care, school lunches, groceries, etc.)

In my 18 years at home we never:
  Ate in a restaurant
  Stayed in a hotel or motel  (vacations were staying with relatives or camping)
  Flew on a plane
  Bought a cup of coffee brewed by someone else
  Read a book that didn't come from a library or school

We were suburban middle-class and never thought of ourselves as deprived in any way (except when our cousins got a color TV before we did)

Anyone still think our standard of living has declined over the last 50 years?

FolioFN - Prosper / Re: Folio notes snapped up
« on: August 24, 2014, 09:54:30 PM »
I listed 10 AAs a couple days ago and they all have bids from 2020longterm or payment-wonder2.  All the notes have at least an 80 point credit drop.

Investors - P / Re: Cannot have two accounts with the same SSN
« on: August 24, 2014, 09:29:33 PM »
I have two P accounts with the same SSN, but one is an IRA.  That's allowed.

In Peter's quarterly results posts, he lists two after tax Prosper accounts, so perhaps this was allowed at one time (or he used someone else's SSN for one of the accounts ;)

Pretty surprised to see Texas on the list.  Texas has a booming economy and a good overall P2P track record, at least on Prosper.   Surprised not to see Pennsylvania on the list for the opposite reasons.

General Prosper Discussion / Re: VB.NET Prosper API
« on: August 14, 2014, 10:37:37 AM »
For sure this is too obvious...somewhere you have set the values for
                txtSettingsUsername.Text and txtSettingsPassword.Text
equal to your username & pw, right?

Investors - LC / Re: Taxes - a sanity check
« on: July 05, 2014, 11:04:36 AM »
From the same IRS publication 1212:

"Including OID in income.   Generally, you include OID in income as it accrues each year, whether or not you receive any payments from the debt instrument issuer.

Exceptions.   The rules for including OID in income as it accrues generally do not apply to the following debt instruments.

    U.S. savings bonds.

    Tax-exempt obligations. (However, see Tax-Exempt Bonds and Coupons, later.)

    Obligations issued by individuals before March 2, 1984.

    Loans of $10,000 or less between individuals who are not in the business of lending money. (The dollar limit includes outstanding prior loans by the lender to the borrower.) This exception does not apply if a principal purpose of the loan is to avoid any federal tax."

Why doesn't the bold exception cover all we little guys?

Your notes are not loans to individuals.  Legally, they are notes issued by LC.

"Crowd Lending"

Even if some loans are in a whole loan pool, the collection of all loans on a platform are funded by a Crowd.

Investors - LC / Re: Call from Lending Club
« on: June 14, 2014, 12:01:02 PM »
Poor James, still working at 67.  He musta been a Prosper 1.0 investor.

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