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Thread: Harmoney

  1. #2101
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    Quote Originally Posted by Soolaimon View Post
    I have just put some more funds into Harmoney, first in more than 12 months, Reason is that it is becoming quite frustrating trying to keep anywhere near fully invested over at LC and even tho I was hit pretty hard with defaults a year ago, my returns are actually better here at Harmoney. I still prefer LC so here's hoping they can attract more custom so one can keep one's funds fully employed.
    Just up on their Website!!

    Capture.jpg

  2. #2102
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    Quote Originally Posted by Soolaimon View Post
    I have just put some more funds into Harmoney, first in more than 12 months, Reason is that it is becoming quite frustrating trying to keep anywhere near fully invested over at LC and even tho I was hit pretty hard with defaults a year ago, my returns are actually better here at Harmoney. I still prefer LC so here's hoping they can attract more custom so one can keep one's funds fully employed.
    Same here ( apart from putting funds in HM ever again ) - I never took accepting writes offs easily.

  3. #2103
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    Quote Originally Posted by Saamee View Post
    Same here ( apart from putting funds in HM ever again ) - I never took accepting writes offs easily.
    Strange how things work..... a few minutes after I posted re hard to invest in LC, a loan popped up while I was on line and I scored!!!
    Soolaimon

  4. #2104
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    Finally got my first auto-invest with less than 1% available funds

  5. #2105
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    I had around 4% available funds, have not had an auto lend since 17th December. I topped up, which took me to over 10% available funds, auto lend then kicked in, which was great, but it kept going until I was under 2%. Very surprised.

  6. #2106
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    some of the monthly incomes seem dodgy

    a 20-29 year old in Rotorua earning $5.5k / month AFTER tax?

    Thats a $87k per year, which is really good for that age group in Rotorua...

    dodgy income.JPG

  7. #2107
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    Quote Originally Posted by alistar_mid View Post
    some of the monthly incomes seem dodgy

    a 20-29 year old in Rotorua earning $5.5k / month AFTER tax?

    Thats a $87k per year, which is really good for that age group in Rotorua...

    dodgy income.JPG
    Yes, something fishy with that one. The comment makes you think the applicant is actually in the South Island but put location as Rotorua.

  8. #2108
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    LAI*00094753 this one worries me repayments 50% of income and paying a mortgage on top of that and grade B2 and a rewrite with principal more than doubling?
    Last edited by Robuste; 26-04-2017 at 02:10 PM.

  9. #2109
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    Quote Originally Posted by alistar_mid View Post
    some of the monthly incomes seem dodgy

    a 20-29 year old in Rotorua earning $5.5k / month AFTER tax?

    Thats a $87k per year, which is really good for that age group in Rotorua...

    dodgy income.JPG
    Could be working remotely in software engineering - they would easily make that money.

  10. #2110
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    Hi, I have just signed up with Harmoney & just about to deposit some spare funds to invest. Just dipping my toes in at this stage but is anyone able to give advice to a newbie?

    Cheers

  11. #2111
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    Hi Brut,
    Diversify by only investing 1 note per loan. I would try and have at least 200+ notes across seperate loans. Log in regularly as many loans are repaid/rewritten early and or setup auto investment. This helps minimise the amount of money sitting idle in your account. I personally now avoid the grade A, E and F loans due to my risk/return preferences. and expect to get write offs.

  12. #2112
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    Quote Originally Posted by Brut View Post
    Hi, I have just signed up with Harmoney & just about to deposit some spare funds to invest. Just dipping my toes in at this stage but is anyone able to give advice to a newbie?

    Cheers
    Diversify within each grade you choose to invest. Don't be fooled into trying just a few of the riskier grades as it is very much a case of safety in numbers. The higher the risk the more you should diversify so say at least 100 for A's but more like 300 for E's and F's. I have found sticking to A to D gives me a return of 14% which is slightly better than the whole platform so I don't see any benefit of going with E's and F's. I also filter out business loans and any over $35k. Using auto invest is much easier and almost essential to build a portfolio now. Good luck!

  13. #2113
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    Quote Originally Posted by Brut View Post
    Hi, I have just signed up with Harmoney & just about to deposit some spare funds to invest. Just dipping my toes in at this stage but is anyone able to give advice to a newbie?

    Cheers
    not much to say other than never count your money at the table, until the dealings done.

    and yeah you have to log in a lot to pick up new loans

  14. #2114
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    Quote Originally Posted by Brut View Post
    Hi, I have just signed up with Harmoney & just about to deposit some spare funds to invest. Just dipping my toes in at this stage but is anyone able to give advice to a newbie?

    Cheers
    Look at the interest-default graph posted by Myles on 20 April. It gives a good pointer for where the optimum net returns are, if defaults in your portfolio align with Harmoney's expectations. Be prepared for defaults to align to expectations and don't be emotional about them - this is a business. Personally, $25 a loan is too small and the only way it makes sense is to just play percentages - in which case you should receive a net return in accordance with Myles' graph - if you want a net return of 16.51% then you can always invest just in C3 loans; or spread equal amounts across B2 to D4

  15. #2115
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    Thanks for taking the time to respond & for the helpful tips, much appreciated!

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