Harmoney

[777]

The site was closed for a while stating they were doing some maintenance.

[joker]

The site was closed for a while stating they were doing some maintenance.

Well all they've managed to do is stuff the whole site. Harmoney's tech gurus need some upskilling.

[Soolaimon]

Well all they've managed to do is stuff the whole site. Harmoney's tech gurus need some upskilling.

Going ok now. 12 loans up

[Art]

Going ok now. 12 loans up

Yes, going now - just. Still as slow as a week of wet Sundays.

[joker]

Harmoney retail RAR has been trending down for sometime now. Currently 13.07% (lowest since mid-2015) and heading toward the 12s. Scorecard 1.5 starting to bite?
Attachment 9234

[darrenc]

Harmoney retail RAR has been trending down for sometime now. Currently 13.07% (lowest since mid-2015) and heading toward the 12s. Scorecard 1.5 starting to bite?
Attachment 9234

I'm down from high 16s to 14.99% this morning. It's taken 2 months to drop that quickly. That's over 2600 loans and 21 months. I'm weighted mostly in Cs and Ds. I get the feeling we're making hay while the sun shines. These kinds of returns will attract competition wanting to undercut them because investors are accepting 2.5% in the bank or on rental properties. O/seas returns in these sorts of investments are not as good as they are here.

[Investor]

I'm down from high 16s to 14.99% this morning. It's taken 2 months to drop that quickly. That's over 2600 loans and 21 months. I'm weighted mostly in Cs and Ds. I get the feeling we're making hay while the sun shines. These kinds of returns will attract competition wanting to undercut them because investors are accepting 2.5% in the bank or on rental properties. O/seas returns in these sorts of investments are not as good as they are here.

Your RAR of over 16% wasn't going to last long term. You're now at a more realistic RAR for your risk mix & time of investment.

[Fisherking]

I'm down from high 16s to 14.99% this morning. It's taken 2 months to drop that quickly. That's over 2600 loans and 21 months. I'm weighted mostly in Cs and Ds. I get the feeling we're making hay while the sun shines. These kinds of returns will attract competition wanting to undercut them because investors are accepting 2.5% in the bank or on rental properties. O/seas returns in these sorts of investments are not as good as they are here.

Really? I think the harmoney returns are absolute rubbish. My property, share and fund investments provide much higher returns. NZ shares over 20% ytd (tax paid).

[RMJH]

Harmoney retail RAR has been trending down for sometime now. Currently 13.07% (lowest since mid-2015) and heading toward the 12s. Scorecard 1.5 starting to bite?
Attachment 9234

Maybe but also the continued dilution of the original (capital based fee) loans will hit retail returns. My returns have dropped a little under 0.5% even though I no longer invest in A's.