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Thread: Harmoney

  1. #4131
    yeah, nah
    Join Date
    Mar 2017
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    491

    Default

    Thanks CB, much appreciated. Certainly sounds less time consuming/stressful than other P2P models.

  2. #4132
    Member
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    Dec 2017
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    Is the low volume of retail loans on Harmoney typical of this time of year, or is this much slower than normal? I've been sort of busy at work, so haven't been able to reinvest much, since everytime I check there are either no loans, or only rubbish I wouldn't go near.

  3. #4133
    Junior Member
    Join Date
    Jul 2017
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    I don't even bother with Harmoney anymore, seems like all the good loans are being diverted to the wholesale market.

  4. #4134
    Member
    Join Date
    Sep 2012
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    christchurch
    Posts
    386

    Default definately reduction in loans

    Quote Originally Posted by Vagabond47 View Post
    Is the low volume of retail loans on Harmoney typical of this time of year, or is this much slower than normal? I've been sort of busy at work, so haven't been able to reinvest much, since everytime I check there are either no loans, or only rubbish I wouldn't go near.
    It is very much reduced.

    The number of loans I invested in for one of my pooled fund:
    Jan2018 520 loans vs Jan2019 79 loans
    Feb2018 408 loans vs Feb2019 54 loans

  5. #4135
    Member
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    Mar 2006
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    It varies
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    Been with Harmoney since the beginning but now had enough. The effort not worth it now but it has provided a nice supplement to bank term deposits over the time. In full withdrawal mode now for the last 6 weeks.
    Doing the same at Lending Crowd.
    Soolaimon

  6. #4136
    Senior Member
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    Sep 2015
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    Norf Eyelynd
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    Quote Originally Posted by Soolaimon View Post
    Been with Harmoney since the beginning but now had enough. The effort not worth it now but it has provided a nice supplement to bank term deposits over the time. In full withdrawal mode now for the last 6 weeks.
    Doing the same at Lending Crowd.
    Hey @ Soolaimon > So what is your next investment strategy?

  7. #4137
    Member
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    Quote Originally Posted by Saamee View Post
    Hey @ Soolaimon > So what is your next investment strategy?
    I have been at it for more than 50 years now, shares, bonds, cfds, options and P2P. Now moving to more cash ie. term deposits etc. One gets a little more conservative as one gets longer in the tooth.... and, it will take 5 years to wind up the P2Ps.
    Cheers.
    Soolaimon

  8. #4138
    Senior Member
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    Norf Eyelynd
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    Quote Originally Posted by Soolaimon View Post
    I have been at it for more than 50 years now, shares, bonds, cfds, options and P2P. Now moving to more cash ie. term deposits etc. One gets a little more conservative as one gets longer in the tooth.... and, it will take 5 years to wind up the P2Ps.
    Cheers.
    Good to hear back from you

    Cash at hand, in times like those quite likely coming is a good thing!

    This was a great read today > https://www.interest.co.nz/personal-...ft-tight-bunch

    I still feel P2P Investments will be safe in troubled time because our $$'s have already been spent by the Borrowers - It cannot be stolen or taken by the establishments!

  9. #4139
    Member
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    Nov 2016
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    159

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    Just arrived in my inbox - a communication from harmony about their joining the investment group, using BNZ money - and we retail investors continue to get what we've always got.

    Yeah, right.

  10. #4140
    yeah, nah
    Join Date
    Mar 2017
    Posts
    491

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    There does now seem to be a real gap between what Harmoney say and what they do

    In the last 3 years the Retail:Institutional loan volume split has gone from 70% to 85% in favour of Institutions (note that this is a halving of the retail allocation). This last communication indicates that overall volume has increased - this is clearly not showing as available loans to retail lenders in practice. So where are all the additional loans going? From a retail investors point of view these details don't add up.

    It would be good to know how/why Harmoney allocate the split between retail and institutions as part of their "transparency of our platform", which they pride themselves on.

    I have noticed a rise in loan volume in the last week or so, but it is a long way from being half of the volume of say 6 months ago - especially if loan volume overall has increased... Is it still just the time of year! (hmm, perhaps that's worth plotting a volume over time graph for)...

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