Jul

1

IOU vs. Promisory Note

July 1, 2009 | 1 Comment

An IOU (I Owe yoU) is an acknowledgment of debt, normally specifying debtor, the amount owed, and sometimes the creditor.  A Promissory Note is a contract specifying unconditional terms on how to pay the debt, including interest (if any) and time of repayment.  The State of California is issuing IOUs to their vendors (essentially telling [...]

Dec

10

US Mortgages Worse Than My Prosper Account

December 10, 2008 | 2 Comments

This is no laughing matter.  Bloomberg reports that “One in 10 American homeowners fell behind on mortgage payments or were in foreclosure during the third quarter…” .  My prosper account is not doing great either.
I have so far removed $3,000 from the original $20,000 investment, which makes current principal investment in Prosper $17,000.  (These come [...]

Feb

29

Wait for the 2nd Day?

February 29, 2008 | Comments Off

I am more of a value investor.  I look for companies who have good growth potential but for some reason have been neglected by the market.  I do this on a long term horizon as well as a medium term one.
When there is a bad day in the market, I tend to feel the urge [...]

Feb

20

ESPP: Employee Stock Purchase Plan

February 20, 2008 | 1 Comment

Many companies have them, yet not every employee takes advantage of them. I wonder why?, and the only reasons I can come up is: lack of knowledge, laziness, or the fact that most people live paycheck-to-paycheck — All of them are conditions that can be fixed if we really want to.
I think Employee [...]

Jan

14

Prosper – More Prosperity for 2008

January 14, 2008 | 2 Comments

Ironically, Prosper.com is the only one of my portfolios showing all nice and green. Better than I expected, it shows all loans either current or paid (1 paid). So far, I have issued 31 small/shared loans, one of them has been paid off. The initial principal was $3,000 (small amount, but significant [...]

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