Harmoney

[myles]

This week coming should be the week that my initial $100,000 investment is deposited back to me with $47,675 still invested. That's with an overall investment term of 3.5 years. Considering I've had much of the Principal available to invest elsewhere for the last 6 months and ignores tax credits, that is a very significant return on investment (though it isn't in my bank account yet)!

[Saamee]

Still continuing to receive Capital Repayments at a large rate currently.

Plus no new Write Offs BUT a small trickle of Bad loan repayments coming in!

That I find Encouraging and Positive....

Big Capital Repayments over this weekend.... ( also at Squirrel too )

[myles]

Big Capital Repayments over this weekend...

Not for me? Perhaps you purchased significantly 3/5 years ago?

[Saamee]

Not for me? Perhaps you purchased significantly 3/5 years ago?

Not particularly. More in the 6 months before they shut the doors to us mere mortals!

However I did target Re-Financed loans.... and those tend to get Re-Financed again and again untill they hit that Upper Maximum limit!

[Saamee]

End of Year Tax Certificates are now available for Download in PDF format - Great!

[Cool Bear]

Before I invested in the Harmoney via companies, I tried it out with a $2000 investment in my own name. This week, the last remaining loan of that investment was paid off and that is about the end of that investment. Harmoney will probably keep it open for some time in the very very unlikely event that there are more recoveries.

[Cool Bear]

The returns were really high, Hm puts it at 14.13% which is probably right. Started with a $2000 lump sum in May 2015. By early December 2015, I had already withdrawn more than half of that.

[Saamee]

Withdrawals.... Anyone else last night ( Fri 09th July ) NOT get a Deposit made to their bank?

The Mrs and Me both failed to get a payment into our bank account.

1st time ever in about 5 years of P2P...

[Bjauck]

The returns were really high, Hm puts it at 14.13% which is probably right. Started with a $2000 lump sum in May 2015. By early December 2015, I had already withdrawn more than half of that.

I see that charge-offs comprise about 33% of your gross interest. If you are a retail individual investor, and that is not tax deductible, I guess that significantly reduces the after tax return.

[Bjauck]

Withdrawals.... Anyone else last night ( Fri 09th July ) NOT get a Deposit made to their bank?

The Mrs and Me both failed to get a payment into our bank account.

1st time ever in about 5 years of P2P...

Have you had a lot of uncollected capital charged off to your account recently?