Thanx Kelvin,
I split my investment dollars and put bids in @ 8.75% \ 8.8% \ 8.85% \ 8.9% & 8.95%
They still got the higher rate of 8.95%!
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Personally I put in $500 at a time. So if rates are poor at the time that's only $500 being invested at a poorer rate, or if no loans are coming through, I only have $500 being idle.
In the medium term I hope to achieve an average return of at least 8.5% (currently I'm at around 8.7%)
Hi again JB,
Can you post an update on the current status of the Reserve Fund?
Have you concluded your 1st year now ( where you were putting in 4% ? )
What is the actual current Loss Rate?
Thanx
Section 4 of this page might help you saamee? https://www.squirrelmoney.co.nz/look...er-your-money/
Today it's Squirrel Money's turn for making the Press!
http://www.interest.co.nz/business/8...takers-licence