Exactly :)
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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
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.....
This SM website is worth checking in with everyday!! Loan Shield Value
>> https://www.squirrelmoney.co.nz/look...er-your-money/ <<
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.
Thanks, and are most loans in the 5 year range?
Thanks, their platform seems pretty dead to me.