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Thread: Harmoney

  1. #4051
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    May 2016
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    Quote Originally Posted by johna View Post
    Have been getting a lot errors when I try to confirm loans. Tells me it's not my fault and retry in a few minutes. Mostly it seems to fail for ages, although this morning the retry worked ok. Is anyone else having this problem?
    I get this an awful lot and always have. I think maybe it's to do with lots of users trying to buy at the same time. I just keep retrying without waiting and it usually comes right in 2 or 3 goes.

  2. #4052
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    Platform RAR at 9.66%, the lowest I've seen it.. Any guesses as to where it might settle?

    PlatformRAR.PNG

  3. #4053
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    Dec 2017
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    ciainsfz.vnp.jpg

    Good to see the data is throughly vetted as usual. But still almost fully funded already.

  4. #4054
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    $2,000 in interest received reached today!! Really happy with the returns so far, long may it continue....

    Date of first investment = 5 January 2018
    Total Loans invested in = 795
    Average amount invested per loan = $33.18
    Average age of loan in portfolio (current status) = 167 days
    Average weighted interest (current status) = 21.23%

    RAR (as at 8 Dec) = 15.13%
    XIRR (as at 20 Dec) = 12.06% (writing off any loans in arrears for 60+ days)

    Loan Book:
    A = 14 Loans (15 Notes)
    B = 180 Loans (243 Notes)
    C = 271 Loans (357 Notes)
    D = 262 Loans (352 Notes)
    E = 62 Loans (82 Notes)
    F = 6 Loans (6 Notes)

    What are some of the things others track/measure on their portfolios?
    Anyone else out there game to post their results, it's been a while!!
    Have many changed their investment strategy since Myles' report?

    Account Position.jpg

    C&P.jpg

    RAR.jpg

  5. #4055
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    May 2016
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    Your RAR will probably drop a little as it matures. I seem to be steady at around 13% with a mix of A to D's based on filters but I seldom read the stories as I rely on diversification mostly. I have been in more or less from the start of Harmoney.

  6. #4056
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    Your RAR will probably drop a little as it matures. I seem to be steady at around 13% with a mix of A to D's based on filters but I seldom read the stories as I rely on diversification mostly. I have been in more or less from the start of Harmoney. My portfolio would be a little lower risk than yours.

  7. #4057
    yeah, nah
    Join Date
    Mar 2017
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    420

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    Quote Originally Posted by alundracloud View Post
    Really happy with the returns so far, long may it continue....
    You're doing well alundracloud - watch for an increase in defaults in the next few months, nothing you can do about it, but around the 12 - 16 months in, is the time that defaults *typically* start to bite before they settle. If you look back to the many RAR graphs posted previously, you'll see the *typical* wave pattern where it drops off - *typically* by 1 to 2%.

    My interest is now at $37,302.56 after 638 days from starting with $100,000 (give or take a few months to get the money in). But that is with 56 defaults (2.28%).

    I've started tracking a few additional bits of data to keep track of my investment - overall summary over the last couple of months:

    summary.png

    Green line (left axis value) shows the 'cash in' value of my investment (i.e. after fees, defaults, tax).
    Orange line (right axis value) shows the 'chunky' Harmoney RAR calculation.
    Blue line (right axis value) is my XIRR calculation for entire period - fairly stable for me now.

    My favourite, and simple graph is this one (not so simple to calculate):

    crar_bar.png
    which shows my current loans calculated rate of annual return (after fees, defaults, tax). Note that this is for my investment method/style and won't be the same for someone else. (I have a couple of A's and some crazy returning F's, greater than 26%, but I don't show those since there are too few to be meaningful.)

    I take D's and low E's when I can, but I'm up to $7,385 available cash at the moment being extra picky on loans this time of year and finding the usual Christmas lull of good loans a problem

    I tweaked a few things after WE​ collected that data-set, but overall haven't made too many major changes.

    At this time of year arrears will likely sky rocket (not seen it yet), but they should come down again once people come back from holiday and start earning $ and normality sets in...

  8. #4058
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    [QUOTE=alundracloud;741932]$2,000 in interest received reached today!! Really happy with the returns so far, long may it continue....

    Date of first investment = 5 January 2018
    Total Loans invested in = 795
    Average amount invested per loan = $33.18
    Average age of loan in portfolio (current status) = 167 days
    Average weighted interest (current status) = 21.23%

    RAR (as at 8 Dec) = 15.13%
    XIRR (as at 20 Dec) = 12.06% (writing off any loans in arrears for 60+ days)

    Loan Book:
    [
    /QUOTE]
    Are you a retail investor and are you able to deduct charge-offs for tax purposes? Once the charge offs kick in (and I think the average charge-off rate is 22% of gross interest) this is an important factor as the incidence of tax on your Harmoney-supplied RAR may well be greater than 33%. There has been no guidance for retail P2P investors. So the “in business” test is relevant.

  9. #4059
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    Quote Originally Posted by Bjauck View Post
    Are you a retail investor and are you able to deduct charge-offs for tax purposes? Once the charge offs kick in (and I think the average charge-off rate is 22% of gross interest) this is an important factor as the incidence of tax on your Harmoney-supplied RAR may well be greater than 33%. There has been no guidance for retail P2P investors. So the “in business” test is relevant.
    Hi Bjauck,
    Yes I'm a 'cash-basis' retail investor, and will deduct charge-offs and fees paid as a tax deductible expense.

    I invest through an NZ Limited Liability Company.

  10. #4060
    yeah, nah
    Join Date
    Mar 2017
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    It might pay to check your filters. I'm not 100% sure, but I suspect a couple of check boxes have dropped off my filter. On occasion I have seen values with [Object] in them instead of the correct value - likely cause is a change in the background. Nothing sinister for the tin foil hat brigade, just some tinkering in the background I suspect. Probably a good idea to review them once in a while anyways...

  11. #4061
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    Jul 2017
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    Welcome back from Harmoney and we hope you have a prosperous 2019. Meanwhile, here's another $140 of loan charge-offs for you!...Just what I needed!!!

  12. #4062
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    Mar 2006
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    It varies
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    Quote Originally Posted by joker View Post
    Welcome back from Harmoney and we hope you have a prosperous 2019. Meanwhile, here's another $140 of loan charge-offs for you!...Just what I needed!!!
    Same here Joker, this time it is an A loan, first A that I have had charged off and I have now had 16 charge offs out of around 1700 loans.
    Soolaimon

  13. #4063
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    Dec 2015
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    Coming up to my 4th Anniversary in March.
    1985 Loans Total; 101 Loans in E&F, Charge offs running at 17 Loans per 100 (2 Loans Left). 1884 Loans in A_D, Charge-offs running at 2 Loans per 100.
    $$Charged off vs Gross Interest received to Date= 14.0850%

  14. #4064
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    Aug 2017
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    Happy new year everybody! My investments have started in relatively good shape, albeit $100 sitting at 120-180 days and a further $125 at 90-120 which looks set to quash the RAR. Went overseas for 40 days, and my portfolio holdings fell back by 5% ($4000), but fortunately have been able to recover that in the past 10 days.

    Added a chart that are interesting for me, may be for others. Charts net interest earned against the outstanding principal value of arrears from HM. For reference also included my RAR stats and outstanding principal from all P2P

    Capture2.JPG

    Capture.JPG

  15. #4065
    yeah, nah
    Join Date
    Mar 2017
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    420

    Default Debt Crisis

    Are we at a point in history that could be labelled 'The Debt Crisis'? Or is it another 20 years off?

    This is just a topic for discussion if anyone is interested. I'm at a loss as to where this is all heading, I don't think we've seen anything similar before. So many of the younger generation are now so heavily exposed to debt that I can't see how they will ever be able to rise above it. They seem to have the attitude of live now and don't worry about the future.

    Looking at the loans that go through Harmoney, it appears to me that this is spreading up the generations, with more and more 'older' people going further into debt rather than the historical progression of getting out of debt as we age. If house values fall (as it appears they are beginning to - certainly in some areas of Aus and NZ) it will significantly add to the problem.

    The Australian Govt. appear to be very concerned as it's more prevalent over there, but I don't think they know what to do about it. The NZ Govt. recently brought in restrictions on excessively high rates on personal loans - is that enough?

    Does anyone have a crystal ball view of what the future might hold?

    This may not be the right area to post this, but I think those investing in P2P have a different perspective than others may have and that is the perspective I'm more interested in.

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