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Thread: Harmoney

  1. #2561
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    Quote Originally Posted by myles View Post
    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.

  2. #2562
    Speedy Az winner69's Avatar
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    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #2563
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    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?
    Soolaimon

  4. #2564
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    Quote Originally Posted by winner69 View Post
    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.

  5. #2565
    yeah, nah
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    Quote Originally Posted by winner69 View Post
    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?

    Quote Originally Posted by winner69 View Post
    Hardly true Peer to Peer is it
    Yes it is. Even with a few BIG peers...

  6. #2566
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    P2P = peer to peer = person to person = individual with money to lend lending to individual needing money? Not a bank in the middle.

  7. #2567
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    Quote Originally Posted by BJ1 View Post
    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?

  8. #2568
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    Quote Originally Posted by myles View Post
    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.

  9. #2569
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    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

  10. #2570
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    Quote Originally Posted by myles View Post
    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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