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Thread: Harmoney

  1. #2686
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    Quote Originally Posted by whitt View Post
    i have been investing with Harmoney since October 2016 and my RAR is sitting at 14.99% currently.
    Initially my RAR was much higher but most loans that defaulted didnt for quite some time then they start defaulting.

    To compare RAR figures with ourselves I wouldnt really take much notice of new investors RAR untill they hit 12 or 18 months which is the timeframe my RAR took to stabilise
    Yes, I wonder if there is any investor here who had been in for more than 24 months and with a RAR of 15+%

  2. #2687
    yeah, nah
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    Quote Originally Posted by whitt View Post
    To compare RAR figures with ourselves I wouldnt really take much notice of new investors RAR untill they hit 12 or 18 months which is the timeframe my RAR took to stabilise
    Agree. Most RAR graphs appear to peak between 6 and 9 months, and then drop to a long term stable value after 12 - 15 months. The drop appears to be from 1% to 1.5%, but that would vary greatly on the loan grade spread etc.

    Because I've put money in quickly and have stopped adding 'new money', I *suspect* I'll see a fairly quick and significant drop when it happens (probably early ~ 10 - 12 months in)?

  3. #2688
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    Quote Originally Posted by Cool Bear View Post
    Yes, I wonder if there is any investor here who had been in for more than 24 months and with a RAR of 15+%
    Continuing from my post on the previous page, my RAR has now increased from 14.55% to 14.72% last Sunday.

    Have been in for 30 months and through re-concentrating my lending to specific sub-grades over a number of months, I have a RAR that has steadily increased from 13.91% in April 2017 to 14.39% in June. Today my RAR is 3.22% above the platform, expect to go 15+% soon.

  4. #2689
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    Interesting loan today

    BORROWER COMMENTS

    the cash will be used to purchase items for me to do airsoft games and in this better my fitness as that of others and keep my car running in tip top safe condition so to enable me to help others to go to the games and enjoy them as much as I do

  5. #2690
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    Quote Originally Posted by permutation View Post
    Continuing from my post on the previous page, my RAR has now increased from 14.55% to 14.72% last Sunday.

    Have been in for 30 months and through re-concentrating my lending to specific sub-grades over a number of months, I have a RAR that has steadily increased from 13.91% in April 2017 to 14.39% in June. Today my RAR is 3.22% above the platform, expect to go 15+% soon.
    Well done!!

  6. #2691
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    Default RAR and Payment Protect

    I remember reading somewhere that Harmoney intends to adjust the RAR to take into account Payment Protect which increases your Outstanding Principal. If they do, it will bump the RAR by about 1% to 1.5%.

    At the moment RAR is dropping with the new lower interest rates taking effect - you can see the drop in the Market Stats from early this month. The cynic in me sees HM as trying to present the platform RAR above 10 or 11% as there is a possibility that it could drop below 10% otherwise.

    However, even if they do not add the increase principal, the present RAR already reflects the higher repayments to investors due to the increased o/s principal and the slight increase in interest received due to the higher o/s principal. And over time, the total effects of Payment protect will be captured by the present RAR anyway.

  7. #2692
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    Quote Originally Posted by Cool Bear View Post
    Yes, I wonder if there is any investor here who had been in for more than 24 months and with a RAR of 15+%
    Oops sorry my post was a typo.
    I have been investing since October 2015. My Rar is since that date.

  8. #2693
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    Quote Originally Posted by Cool Bear View Post
    Yes, I wonder if there is any investor here who had been in for more than 24 months and with a RAR of 15+%
    I've been in for 18 months, currently 15.59% as reported by Harmoney. I expect it to drop a bit in the next few months as I move further along the default timeline curve.

  9. #2694
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    Quote Originally Posted by CageyB View Post
    I've been in for 18 months, currently 15.59% as reported by Harmoney. I expect it to drop a bit in the next few months as I move further along the default timeline curve.
    I am constantly depositing funds into Harmoney each week, My RAR is now fairly stable as the newer loans (with fewer defaults) offset the older loans ( which have more defaults).

  10. #2695
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    Quote Originally Posted by whitt View Post
    I am constantly depositing funds into Harmoney each week, My RAR is now fairly stable as the newer loans (with fewer defaults) offset the older loans ( which have more defaults).
    I understand, but my rate of investment has not been constant. I've been ramping up the rate of investment over those 18 months so the later, larger portion of the loans are not yet 12 months old, so I expect defaults to increase.

  11. #2696
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    Default True RAR.

    Quote Originally Posted by CageyB View Post
    I understand, but my rate of investment has not been constant. I've been ramping up the rate of investment over those 18 months so the later, larger portion of the loans are not yet 12 months old, so I expect defaults to increase.
    Quote Originally Posted by whitt View Post
    I am constantly depositing funds into Harmoney each week, My RAR is now fairly stable as the newer loans (with fewer defaults) offset the older loans ( which have more defaults).
    Yes, all our RARs are affected by new loans and investments. So, someone who had put in all their money at one go at the very beginning and had been taking out all cash as it comes available will probably have a lower RAR. Besides selection of loans and grades, it is very much affected by the timing of our investments - whether we drip feed, ramp up or down or all in one go.

    Putting in new money will on one hand raise the RAR as the new loans did not have enough time to go into defaults. On the other hand, it will lower the RAR in the first month of those loans as the interest for those loans have not kick in.

    I suppose the real RAR is when we see through all the investments and have zero balance in outstanding loans at the end of 5 or more years having taken out all our cash by then.
    Last edited by Cool Bear; 15-09-2017 at 09:27 AM. Reason: add para on new loans

  12. #2697
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    Quote Originally Posted by Cool Bear View Post
    Yes, all our RARs are affected by new loans and investments. So, someone who had put in all their money at one go at the very beginning and had been taking out all cash as it comes available will probably have a lower RAR. Besides selection of loans and grades, it is very much affected by the timing of our investments - whether we drip feed, ramp up or down or all in one go.

    Putting in new money will on one hand raise the RAR as the new loans did not have enough time to go into defaults. On the other hand, it will lower the RAR in the first month of those loans as the interest for those loans have not kick in.

    I suppose the real RAR is when we see through all the investments and have zero balance in outstanding loans at the end of 5 or more years having taken out all our cash by then.
    The RAR calculation is based on outstanding principle so if someone was withdrawing regularly from their account, it would not directly effect their RAR.

    "RAR shows returns on money invested, not all funds in your Harmoney account."

  13. #2698
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    Quote Originally Posted by Investor View Post
    The RAR calculation is based on outstanding principle so if someone was withdrawing regularly from their account, it would not directly effect their RAR.

    "RAR shows returns on money invested, not all funds in your Harmoney account."
    I understand RAR perfectly. My point on that someone taking out money is not that leaving it there affects his/her RAR. It is that he/she do not reinvest into any new loans. You have to read my whole post to get the context.

    "So, someone who had put in all their money at one go at the very beginning and had been taking out all cash as it comes available will probably have a lower RAR."



  14. #2699
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    Gotta love some of the comments borrowers put in, hoping it will help them out :

    Will definitely help, My car needs a new gear box and at the moment i dont have much money to fund it. So this will definitely help seeing is i need my car for getting to work. I promise once i have the money i will pay my loan off quicker.

  15. #2700
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    Quote Originally Posted by bartholemew View Post
    Gotta love some of the comments borrowers put in, hoping it will help them out :

    Will definitely help, My car needs a new gear box and at the moment i dont have much money to fund it. So this will definitely help seeing is i need my car for getting to work. I promise once i have the money i will pay my loan off quicker.
    Probably a 20k+ car "for getting to work"

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