I like Warren Buffett's quote on
this article "you do not want to ever get the impression that you can pick stocks" and that "can enable you to have an edge. It just doesn't work that way."
Picking loans on Harmoney is pretty much the same as picking individual shares.
I still think that investing in local and international index funds via Smartshares would produce a higher net return in the long term (5 - 10 years) than investing in Harmoney loans considering Harmoney's high fees, time-consuming process and risk.