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  1. #321
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    Just check the potential and qualified borrower amounts, as well as other investor bids.

    Then you can decide whether to deposit more funds, hold your current level of investments, or withdraw funds

  2. #322
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    Quote Originally Posted by Kelvin View Post
    Just check the potential and qualified borrower amounts, as well as other investor bids.

    Then you can decide whether to deposit more funds, hold your current level of investments, or withdraw funds
    With 156K of Investor funds waiting for 5 Year loans..... and only 41K of Qualified Borrowers.... It gonna take a wee while for folks to get Invested!!

    5YR 9%.jpg

  3. #323
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    There's $130k of Qualified Borrowers. I personally always create an Investment Order for each term.
    It takes me about the same time to invest $500 in SM as does in LC (unless you are in front of the computer 24/7 which I'm not).

    Screenshot_7.jpg

  4. #324
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    Just got a loan at 8.95%. I put in a lower bid at 8.85%

    still almost $150k of bids for 5 years, so not adding any further funds

  5. #325
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    Quote Originally Posted by Kelvin View Post
    Just got a loan at 8.95%. I put in a lower bid at 8.85%

    still almost $150k of bids for 5 years, so not adding any further funds
    I'm sure you've done the numbers On 100K invested a .05% Less interest rate per year only equates to $50 less interest earned per year ( and then still minus Tax as well )

    So good plan to go lower and get in!
    Last edited by Saamee; 08-06-2017 at 10:54 AM.

  6. #326
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    Quote Originally Posted by Saamee View Post
    I'm sure you've done the numbers On 100K invested a .05% Less interest rate per year only equates to $50 less interest earned per year ( and then still minus Tax as well )

    So good plan to go lower and get in!
    Taking the lower rate to get your funds invested quicker may even be more profitable - compared to having your funds sitting idle waiting days for investment

  7. #327
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    As of 1.00pm today there are 172K of Investors funds waiting for 5 Year loans @9%!
    Last edited by Saamee; 15-06-2017 at 01:16 PM.

  8. #328
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    Quote Originally Posted by Saamee View Post
    As of 1.00pm today there are 172K of Investors funds waiting for 5 Year loans @9%!
    With over $1m of Potential Borrowers I think that SM are doing a great job of screening the borrowers and not loaning to every "Tom, Dick and Harry" out there

  9. #329
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    Quote Originally Posted by icyfire View Post
    With over $1m of Potential Borrowers I think that SM are doing a great job of screening the borrowers and not loaning to every "Tom, Dick and Harry" out there
    Yes, agreed. It's just currently a trifle out of balance.

  10. #330
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    OK the penny has just dropped....

    Now with 218K of investor funds sitting waiting on 5 year terms - I've never see this much before.

    It must be following their recent Road Show around NZ and the success that it has created with new Investors.

    Literally they have been Flooded with New Money.

    SM.jpg
    Last edited by Saamee; 18-06-2017 at 10:49 AM.

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