You also need to be aware that when you are manually ordering notes it is common for what is shown as available to not actually be there. There has been a glitch in the system all weekend where no updating has taken place on loans on the marketplace so when you place an order you get a confirmation that it has been accepted, but the number of notes available doesn't reduce by the number you ordered. So eventually, your order is cancelled because it never should have been able to be made. This glitch has appeared previously but seems to be particularly bad this weekend.
is that kinda like in the matrix where Neo saw that cat twice and goes "deja vu" and trinity goes "what did you say?". "deja vu" says Neo.
Trinity then goes on to explain that a deja vu moment means theres a glitch in the matrix
I was recently looking at Harmony's average return per grade and taking into account the loss what the actual rate of return is (at a given snapshot in time).
How are the overseas P2P market's going? NZ's harmony seems to be rocking - are we just late to the game? What are the general rates of return for other P2P companies in comparison?
I was recently looking at Harmony's average return per grade and taking into account the loss what the actual rate of return is (at a given snapshot in time).
How are the overseas P2P market's going? NZ's harmony seems to be rocking - are we just late to the game? What are the general rates of return for other P2P companies in comparison?
average return PY
average loss PY
average total return PY
A
11.87%
0.17%
11.70%
B
15.15%
0.53%
14.62%
C
20.86%
1.20%
19.66%
D
27.25%
2.00%
25.25%
E
35.20%
4.28%
30.92%
F
39.63%
10.62%
29.01%
I get slightly above the platform return but don't touch E's or F's so struggle to see that they can be much more profitable even though they are much more risky. I also use Zopa and get around 7% but rates are much lower in UK. With Zopa you don't get to pick loans or grades and all investing is automatic (like autolend without any ability to use filters). Harmoney is better imo but the lack of volume means you do have to work hard and still have a lot of idle cash.
FIsave, I have been investing with Harmoney for about 18 months, but 3/4 of my funds went in about 8 months ago. These are my statistics top row is A's, second row B's etc. Net interest being gross less fees and charge-offs:
spread of net interest
spread of investments
Difference
14%
20%
-6%
33%
40%
-7%
16%
15%
1%
14%
10%
4%
16%
10%
6%
6%
5%
1%
Probably too early to tell yet since write-offs are apparently loaded towards the first 18 moths of a loan, but looking like F's aren't worth the risk, A's and B's under perform in a buoyant economy (but what would happen in a recession?) and E's give the best return. But still early days yet for my statistics.
I wonder why Harmoney has changed the RAR information as at it's latest update, appeared this morning. No longer two RARs, Retail and Platform, but now just platform.
I wonder why Harmoney has changed the RAR information as at it's latest update, appeared this morning. No longer two RARs, Retail and Platform, but now just platform.
Hi BJI, if you click on the platform RAR arrowed in my graphic it will take you to all the RAR's since inception, just move your mouse along the graph and see the % amounts for everyday.
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