-
13-03-2019, 02:53 PM
#4211
Fma removes 5-year licence limit
The Financial Markets Authority is removing the expiry dates for all licences issued under the Financial Markets Conduct Act in a process it expects to be complete by mid-2019. Open-ended terms will apply to all new and existing licences, unless an expiry date is specified on a case by case basis. Current licence holders won't have to apply to be relicensed before the expiry date of their licence. The FMA initially imposed a 5-year term on all licences but has revisited this approach following the development of its risk monitoring framework. A notice of variation has been sent to all licence holders, with the FMA saying it doesn't believe the costs associated with re-licensing would be matched by the benefits gained.
-
13-03-2019, 03:03 PM
#4212
yeah, nah
Originally Posted by RMJH
But with 10% cash being the minimum to get any loans you may as well accept slightly higher fees and have all your money invested. It may also help maintain diversification and grow a portfolio.
I only manually invest and have now (last week or so) started to move forward i.e. reducing available cash - taking $200 - $250 per loan (no doubt taking $'s from others...). Personally I would stop investing in Harmoney if average interest rates dropped by around 2 or more percent - there are other lower interest but much lower risk options that I would prefer at that rate/risk level - the time factor required for Harmoney investing is also a major detractor - but that's just me.
-
14-03-2019, 02:49 PM
#4213
-
14-03-2019, 03:07 PM
#4214
Originally Posted by alistar_mid
Its weird when you look at your RAR and it says ~12% something, but then when you update your monthly portfolio spreadsheet your Harmoney account has a net increase of $100 on a balance of ~$50k, which annualized is a about 2.4%
When you take into account your balance earning no interest and capital charge-offs which are not tax deductible (retail investor DYOR), your actual post tax return on the amount you have on the platform is somewhat reduced.
-
14-03-2019, 03:21 PM
#4215
Member
Originally Posted by Wsp
No jump for me. My recoveries are currently sitting at 1.25% of charged off principal.
How is everyone else looking?
I'm at 4.9% recoveries/charged off.
-
14-03-2019, 04:46 PM
#4216
Member
Originally Posted by CageyB
I'm at 4.9% recoveries/charged off.
Mine is at about 2.7%. It will all depend on the grade of loans we take. I think a written off A loan would have better chance of recovery than an F loan.
Having said that I do not think HM is that active in recovery and a big portion of my "recoveries" is probably from them selling off the bad loans.
-
15-03-2019, 03:18 PM
#4217
Junior Member
Screen Shot 2019-03-15 at 3.15.32 PM.pngIve been watching it wind down all day today but now "0 loans in 24 hours"
-
15-03-2019, 07:21 PM
#4218
Member
Originally Posted by SteveG
Loan application qualtiy must have improved.. not a single ****ty loan to load off to retail investors.
-
18-03-2019, 09:46 AM
#4219
Member
Hopefully this morning is representative of the retail marketplace going forward..
Attachment 10399
-
18-03-2019, 09:55 AM
#4220
yeah, nah
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks