$100,000 invested after 12 months
$100,000 invested after 12 months:
Keeping the calculation very simple:
Gross Interest: $18,417.15
Fees: $2,985.84
Charge Offs: $1,588.42
Using XIRR only to adjust for the 3 months taken to invest the $100,000 and ignoring the benefit of Payment Protect.
My Return: 15.85% (excluding tax).
I guess I'm one of the very happy Harmoney investors! :)
I'm travelling at the moment but will post a bit more details if I get a bit more time. If anyone wants to know specific details, ask and I'll try to find time to post.
[RAR: 16.41%]