Perhaps HM have adjusted their retail vs institutional allocations in the institutions favor? But the "Retail vs Instutional Funding Mix" chart has not been updated since November....
Of course Harmoney is overwhelming geared to pleasing its institutional big investors as that is where it gets most of the funds. It is peer-to-peer in structural name only and if you count a big business Lender as the peer of retail borrowers.
It has been tough this Christmas period (3 - 4 months) to keep $'s in. I've slipped out to a little over $14,000 in available funds from a total principal of around $130,000. Will consider putting $'s elsewhere next Christmas as that's a fair amount not to be earning something (tough to find something that works for short term though, other than a bank with next to no return anyway.).
In less then 2 years I've received over $40,000 in interest (on $100K) - very few other investments out there with that type of return, so I'm more than happy. Just hope some advertising kicks off soon and loan numbers increase again.
Of course Harmoney is overwhelming geared to pleasing its institutional big investors as that is where it gets most of the funds. It is peer-to-peer in structural name only and if you count a big business Lender as the peer of retail borrowers.
To be fair HM could be adjusting to lower retail investing over the summer months. But would expect loans to come online in Feb instead of the sweet FA.
Have gone back to Squirrel Money lending to use up some excess funds, while the outlook remains shoddy.
So, this morning I received an email informing me that Harmoney's platform is no longer compatible with Internet Explorer. No explanation, no notice to investors - just a finger to the peers in P2P?
I see that the wholesale RAR is now trending very slightly upwards, while the retail RAR is still in a slow downward trend. I presume that Harmoney have changed something in favor of the wholesale investors and not made the same change for retail investors. Or is there some other explanation that I am missing?
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