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29-05-2019, 01:35 PM
#4301
Member
Originally Posted by SilverBack
It has been standard practice in IT for decades to lock records (as in a loan record) so that any orders against it are committed without any conflict from any other order.
Couldn't help but laugh, I was reading your email while waiting for some acceptance tests to run where I've been 'mending' them to do exactly this!
I posted some time back, it's searchable; but IIRC Harmoney didn't write the system, they brought it from a chap and they skin it. If they don't have direct access to make changes/submit PRs, and this still holds true, they could be at the mercy of the development company on fixes and features.
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30-05-2019, 03:15 PM
#4302
Member
The lack of loan availability for the retail investors has been mentioned a lot recently, and I'm beyond the point of holding out for things to change. Harmoney is effectively dead, unfortunately..
This plot (and table) shows how easily I found it to grow a portfolio when I first started, compared to the most recent 6 months.
Attachment 10578
data.jpg
The steepness / gradient of the plot shows how easy or difficult I found it to invest. The 147 days for the last 100 loans is a bit misleading, as I didn't invest in any loans in Feb 2019, however, the drop-off is plain to see.
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31-05-2019, 03:24 PM
#4303
Member
Originally Posted by alundracloud
The lack of loan availability for the retail investors has been mentioned a lot recently, and I'm beyond the point of holding out for things to change. Harmoney is effectively dead, unfortunately..
This plot (and table) shows how easily I found it to grow a portfolio when I first started, compared to the most recent 6 months.
Attachment 10578
data.jpg
The steepness / gradient of the plot shows how easy or difficult I found it to invest. The 147 days for the last 100 loans is a bit misleading, as I didn't invest in any loans in Feb 2019, however, the drop-off is plain to see.
Harmoneys returns are becoming more attractive with lower interest rates, so there are more people wanting a peice of each loan now.
You just need to increase your notes per loan, if your'e doing 1, 2 notes per loan then there just isn't enough loan volume compared to demand to fill loans at a rate to deploy your capital like you have been used to, so increase the notes per loan
I am currently deploying $50k and I recon it will take just over a 2 months, i do 15 notes per loan which deploys nearly $10k a week.
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31-05-2019, 03:38 PM
#4304
Member
To invest in that many loans I would need to widen my loan criteria, which I'm not prepared to do.
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31-05-2019, 04:06 PM
#4305
Member
Originally Posted by alundracloud
To invest in that many loans I would need to widen my loan criteria, which I'm not prepared to do.
?
Did I not make it clear it wasn't an issue of investing in more loans, but more notes per loan?
Same loan volume (possible lower loan volume) MORE NOTES PER LOAN.
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31-05-2019, 04:32 PM
#4306
Member
Whoops! Good point
Originally Posted by alistar_mid
?
Did I not make it clear it wasn't an issue of investing in more loans, but more notes per loan?
Same loan volume (possible lower loan volume) MORE NOTES PER LOAN.
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31-05-2019, 05:20 PM
#4307
Member
Originally Posted by alistar_mid
Harmoneys returns are becoming more attractive with lower interest rates, so there are more people wanting a peice of each loan now.
You just need to increase your notes per loan, if your'e doing 1, 2 notes per loan then there just isn't enough loan volume compared to demand to fill loans at a rate to deploy your capital like you have been used to, so increase the notes per loan
I am currently deploying $50k and I recon it will take just over a 2 months, i do 15 notes per loan which deploys nearly $10k a week.
I have also increased notes per loan to finally get cash down to about 3% and seem to be treading water with autolend and a few manual purchases. I was on the verge of removing cash. If i can get decent diversification at the new level I will up it again to try and get some growth.
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01-06-2019, 01:30 PM
#4308
Member
The problem though is that the minute you increase exposure per loan you decrease diversification. Those of you having read my previous posts will know that I started out investing up to $1,000 per loan (for A). I refuse to alter my criteria to take more risk in a climate where, despite low interest rates forecast to remain for many more months/years, the headwinds facing our and global economies are growing. Consequently my Harmoney portfolio has dropped from $121k in January to $79k today. That isn't a function of other retailers taking more exposure, but that the quality of the offering has fallen.
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01-06-2019, 01:39 PM
#4309
yeah, nah
I've been able to stay 'afloat' with a little over $120K, investing mostly 8 notes ($200) per loan in the B3-E5 range, taking only loans that I consider 'good' (all manual). Cash available floats in the range of $0 - $2,500. Have to keep on top of it though. Still in excess of 1000 loans, so diversification is still good.
Last edited by myles; 01-06-2019 at 01:40 PM.
Reason: Loans
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01-06-2019, 02:06 PM
#4310
Member
Originally Posted by myles
I've been able to stay 'afloat' with a little over $120K, investing mostly 8 notes ($200) per loan in the B3-E5 range, taking only loans that I consider 'good' (all manual). Cash available floats in the range of $0 - $2,500. Have to keep on top of it though. Still in excess of 1000 loans, so diversification is still good.
Pretty much scales to my current investment per loan but I don't go below D5.
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