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14-08-2017, 10:42 PM
#2561
Member
Originally Posted by myles
Anyone else seeing negative Funds Available lately?
Attachment 9084
This is the second time I've seen it in the last week or so. Seems to be a bit of a glitch as I can't see how it could happen?
Might have to monitor $ in vs $ out a bit closer for a while to see what's happening...
I get that in the past when my cash balance is close to zero. But the negative balances right themselves very quickly. All due to timing differences. I used to reconcile their figures to mine to the last $ but nowadays I do not as it is too time consuming. So long as it is within a reasonable amount, it is fine with me.
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15-08-2017, 10:21 AM
#2562
Did you see Heartland have lent $78m though Harmoney over last year
Yiou think they (and the other instos) get first dibs and you fight over the leftovers
Hardly true Peer to Peer is it
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-08-2017, 11:16 AM
#2563
Member
Lots of loans coming thru now but they are filling quite quickly. Could be result of backup after new rates or the new rates are proving attractive?
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15-08-2017, 01:08 PM
#2564
Member
Originally Posted by winner69
Did you see Heartland have lent $78m though Harmoney over last year
Yiou think they (and the other instos) get first dibs and you fight over the leftovers
Hardly true Peer to Peer is it
?
I deployed $100k in 2 $50k chunks, each time it took maybe 4-5 weeks, logging in a couple of times a day + auto lend.
It wasn't that hard.
So what if Heartland has $78m, it had no effect whatsoever on my ability to lend.
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15-08-2017, 04:08 PM
#2565
yeah, nah
Originally Posted by winner69
Yiou think they (and the other instos) get first dibs and you fight over the leftovers
No, they don't. With retail running well above the platform average and Wholesale running below, I think it is the other way around?
Originally Posted by winner69
Hardly true Peer to Peer is it
Yes it is. Even with a few BIG peers...
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19-08-2017, 04:55 PM
#2566
Member
P2P = peer to peer = person to person = individual with money to lend lending to individual needing money? Not a bank in the middle.
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19-08-2017, 09:15 PM
#2567
yeah, nah
Originally Posted by BJ1
P2P = peer to peer = person to person = individual with money to lend lending to individual needing money? Not a bank in the middle.
peer to peer != person to person
The retail side of Harmoney, which is what we invest in, IS, in general, peer to peer. In the context of the post I replied to...
Though if you consider that some of the Borrowers represent Businesses, then are they really peers?
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20-08-2017, 03:37 PM
#2568
Originally Posted by myles
peer to peer != person to person
The retail side of Harmoney, which is what we invest in, IS, in general, peer to peer. In the context of the post I replied to...
Though if you consider that some of the Borrowers represent Businesses, then are they really peers?
Maybe on the platform, perhaps investors who are companies should be restricted to lending to borrowers who are companies?
I think it is a stretch to say that Heartland Bank as an investor on the Harmoney platform is a peer of the many borrowers in whom it invests.
Heartland itself has depositors and it is they who would be the peers to the Harmoney borrowers. Heartland itself "clips the ticket" on the funds that pass from its depositors to the borrowers on the Harmoney platform.
It could even be said that Harmoney is discouraging smaller peers on the investing side by charging higher lender fees for those with under $50,000 invested through the platform.
I am not sure what definition of "peer" is appropriate in this context but this is what I think it normally means:
Definition of "peer" a person who is the same age or has the same social position or the same abilities as other people in a group
http://dictionary.cambridge.org/dictionary/english/peer
Disc: I have shares in HBL.
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21-08-2017, 09:34 PM
#2569
yeah, nah
5 Months in ($100K added, no withdrawals):
Total Loans: 1,216
Overall Avg: $92.17
Paid Off: 50 (4.1%)
Arrears:
1-30 10 (0.82%)
31-60 7 (0.58%)
61-90 1 (0.08%)
91-120 0
Total Value increase (after tax and fees): $5,139.74
XIRR.png
XIRR value is after tax and fees.
ADXIRR = XIRR less total value of arrears 31-60 days or above.
HarmNumbs.jpg
RAR still rising but slowing.
Returning $53.49 per day.
With compounding at current rates, expected values:
$226,208.90 in 5 years
$486,690.05 in 10 years
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22-08-2017, 09:32 AM
#2570
Member
Originally Posted by myles
5 Months in ($100K added, no withdrawals):
Total Loans: 1,216
Overall Avg: $92.17
Paid Off: 50 (4.1%)
Arrears:
1-30 10 (0.82%)
31-60 7 (0.58%)
61-90 1 (0.08%)
91-120 0
Total Value increase (after tax and fees): $5,139.74
XIRR.png
XIRR value is after tax and fees.
ADXIRR = XIRR less total value of arrears 31-60 days or above.
HarmNumbs.jpg
RAR still rising but slowing.
Returning $53.49 per day.
With compounding at current rates, expected values:
$226,208.90 in 5 years
$486,690.05 in 10 years
Very impressive returns. Do you lend much on payment protect loans or do you tend to avoid them?
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