Harmoney

[alundracloud]

Not on that page, but here is the link you're looking for

https://www.harmoney.co.nz/investors/default-rates

[beacon]

Not on that page, but here is the link you're looking for

https://www.harmoney.co.nz/investors/default-rates

Myles' earlier post beat me to my own lender notification.

[alundracloud]

Hit the $1,000 mark in interest received today, so to celebrate I thought I'd share my stats

Date of first investment = 5 January 2018
Total Loans invested in = 602
Average amount invested = $30.36
Average age of loan in portfolio (current status) = 124.5 days
Average weighted interest = 20.49%

RAR = 13.21%
XIRR = 11.77%

Loan Book:
A: 13 loans
B: 129 loans
C: 205 loans
D: 210 loans
E: 42 loans
F: 3 loans

Thanks to everyone that has contributed to this thread, and shared their thoughts & experiences.

milestone.jpg

Attachment 9901

[beacon]

Well done. You are aiming high like Myles, and that s being reflected in writeoffs, and returns. Congratulations on your first grand

[myles]

Good start alundracloud. I'm surprised your XIRR is below your RAR? Are you using Outstanding Principal + Funds Available as your current value? It could be right - I think my XIRR was always ahead of my RAR during the run-up stage. It could just be the timing of your investments or perhaps the 'fix' Harmoney made to their RAR calculation?

[alundracloud]

Good start alundracloud. I'm surprised your XIRR is below your RAR? Are you using Outstanding Principal + Funds Available as your current value? It could be right - I think my XIRR was always ahead of my RAR during the run-up stage. It could just be the timing of your investments or perhaps the 'fix' Harmoney made to their RAR calculation?

Thanks Myles! I've found your advice scattered throughout this thread really useful, and it probably shows when you look at my portfolio that I've tried to emulate yours somewhat, just on a smaller scale! With a bit of luck I can emulate your returns too

Below is screenshot of my XIRR worksheet. As you can see I'm using:
(Outstanding Principal + Funds Available) - (Outstanding Principal of any loans >60days in arrears)


Attachment 9904

[BJ1]

This is a belated report of a first for me. Having been in the game since March 2015 I have had 262 loans repaid out of 537 subscribed and on 2nd May I had my first clearance of a loan which went full term - of 36 months. A second full term 36 month loan was repaid on 31 August. Perhaps my selection criteria have led towards loans which are easy to top up, but fewer than 1% going to term is, I think, a bit of an indictment of our debt laden society.

[myles]

There has certainly been a lot of 'churn' in the loans - some of that is likely due to changing rates through?

[joker]

[QUOTE=alundracloud;728142]Hit the $1,000 mark in interest received today, so to celebrate I thought I'd share my stats

Date of first investment = 5 January 2018
Total Loans invested in = 602
Average amount invested = $30.36
Average age of loan in portfolio (current status) = 124.5 days
Average weighted interest = 20.49%

They're great figures Alun - I'm very envious. Despite your loan book being high in Cs and Ds, your arrears and charge-offs are incredibly low. You've obviously got an eye for picking good loans - particularly in the current market that seems very short on them. Roll on the next $1000

[humvee]

Hit the $1,000 mark in interest received today, so to celebrate I thought I'd share my stats

Date of first investment = 5 January 2018
Total Loans invested in = 602
Average amount invested = $30.36
Average age of loan in portfolio (current status) = 124.5 days
Average weighted interest = 20.49%

RAR = 13.21%
XIRR = 11.77%

Loan Book:
A: 13 loans
B: 129 loans
C: 205 loans
D: 210 loans
E: 42 loans
F: 3 loans

Thanks to everyone that has contributed to this thread, and shared their thoughts & experiences.

milestone.jpg

Attachment 9901

Those write off's are very low/good for the risk curve you have. that said at 120 days average age you have a very young portfolio, Most of the write off's dont happen until the loan is 120-180+ days in arrears so normally loans are 150-210+ days old at the youngest - so it will be very interesting to see if you can keep it up once your average age reaches ~200days