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  1. #301
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    Quote Originally Posted by Entrep View Post
    Thanks I see now. So if I have $50K to invest then I should just create an investment order for that amount with the particulars (length and interest rate) that I want and that's it? Then I just wait for the loans to be taken out and my money to start working?
    Exactly

  2. #302
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    I personally like to invest in $500 chunks. If I need to sell my loans, I can do so $500 at a time as opposed to pulling out a whole $50k. Also if i get an early repayment, it's easier to reinvest $500 than it is to reinvest $50k

  3. #303
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    Quote Originally Posted by Kelvin View Post
    I personally like to invest in $500 chunks. If I need to sell my loans, I can do so $500 at a time as opposed to pulling out a whole $50k. Also if i get an early repayment, it's easier to reinvest $500 than it is to reinvest $50k
    Yes... I'm somewhere in between There are always early repayments coming ( which is good = choices ) however I viewed the SM $50 ( or 1% ) Fee charged and decided to invest in larger loan parcels ( 20K to 25K ). For me this meant if I need to buy a new car - sell the 1 x loan and break fee is just 0.0025%....

    Just comes down to personal choices.....

  4. #304
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    Quote Originally Posted by Entrep View Post
    Thanks I see now. So if I have $50K to invest then I should just create an investment order for that amount with the particulars (length and interest rate) that I want and that's it? Then I just wait for the loans to be taken out and my money to start working?
    You can expect somewhere between 20% to 50% of your Loans being early repaid every year - It varies from one lender to another with Harmoney being the highest @ 50% and LC @ 30%. ( my own figures )
    Last edited by Saamee; 16-05-2017 at 02:16 PM.

  5. #305
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    Quote Originally Posted by Entrep View Post
    Thanks, when you say "the reserve fund (loan shield) provides the full diversification benefit" you mean by way of socialising losses from any loans right? But strictly speaking, my lump sum would not be diversified as it would be all lumped into one big loan, and I would have to rely 100% on loan shield versus a more thorough loan diversification strategy of investing in several loans (plus have Loan Shield on all of them obviously).

    What do you mean you can't choose loans? That I can't see specifics of loans? I believe I could still choose/diversify by creating 5 x $10K orders for example?

    I have uploaded all the docs and am waiting for verification BTW.
    This SM website is worth checking in with everyday!! Loan Shield Value

    >> https://www.squirrelmoney.co.nz/look...er-your-money/ <<

  6. #306
    Advanced Member Entrep's Avatar
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    How long does it generally take for loans to get filled? I have a $5K order in at one step below the other "bids" presently. Also, are all the loans generally 5 years? 2 and 3 years seem pretty dead.

  7. #307
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    Quote Originally Posted by Entrep View Post
    How long does it generally take for loans to get filled? I have a $5K order in at one step below the other "bids" presently. Also, are all the loans generally 5 years? 2 and 3 years seem pretty dead.
    On a typical day would be filled same day.....

    Is today a typical day?

  8. #308
    Advanced Member Entrep's Avatar
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    Thanks, and are most loans in the 5 year range?

  9. #309
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    Quote Originally Posted by Entrep View Post
    Thanks, and are most loans in the 5 year range?
    Yes, most are

  10. #310
    Advanced Member Entrep's Avatar
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    Thanks, their platform seems pretty dead to me.

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