Harmoney

[Vagabond47]

Harmoney is now forecasting a 4-5% static loss across the portfolio over the life of the loan.

Surely 80% of that %5 is concentrated in the E & F grades? so if you avoid those can we reasonably expect <2% loss in the better grades (A-C).

[beacon]

Surely 80% of that %5 is concentrated in the E & F grades? so if you avoid those can we reasonably expect <2% loss in the better grades (A-C).

<2% loss sounds Reasonable if you stay A-C, and Harmoney don't let the quality drop, and you keep having the Goldilocks economy continue etc...

Myles has shown he can buy better overall RoI with greater risk tolerance. He's definitely into Ds and some Es, probably like cool bear

[alistar_mid]

<2% loss sounds Reasonable if you stay A-C, and Harmoney don't let the quality drop, and you keep having the Goldilocks economy continue etc...

Myles has shown he can buy better overall RoI with greater risk tolerance. He's definitely into Ds and some Es, probably like cool bear

I kinda have the same portfolio as myles, dropped 50k in Aug - sep 2016, then another 50k dec - jan 16/17.

I don't have my aug 2017 stats, but July 17 had 9k gross interest, $819 of write offs.

Oct 17 had $14k gross interest, $2,425 write offs

As of right now, $20,818 gross interest, $4,732 write offs.

^^^ an indicator of as your portfolio gets past one year, the writes offs start to come in thick and fast (at least in my experience)


I would say miles write offs will increase at a faster rate as his portfolio matures.

Ofc his was/is not exactly the same as mine in terms of mix.

[Vagabond47]

<2% loss sounds Reasonable if you stay A-C, and Harmoney don't let the quality drop, and you keep having the Goldilocks economy continue etc...

Myles has shown he can buy better overall RoI with greater risk tolerance. He's definitely into Ds and some Es, probably like cool bear

Yes, it appears I have been a little risk averse, I won't bother with anymore A's, and will try to grab the C&Ds. Not going to touch the F range.

[myles]

$100,000 invested after 12 months:

Keeping the calculation very simple:

Gross Interest: $18,417.15
Fees: $2,985.84
Charge Offs: $1,588.42

Using XIRR only to adjust for the 3 months taken to invest the $100,000 and ignoring the benefit of Payment Protect.

My Return: 15.85% (excluding tax).

I guess I'm one of the very happy Harmoney investors!

I'm travelling at the moment but will post a bit more details if I get a bit more time. If anyone wants to know specific details, ask and I'll try to find time to post.

[RAR: 16.41%]

[beacon]

Gross Interest: $18,417.15, Charge Offs: $1,588.42

8.6% total loss/gross intt after a year, and a solid RoI. Well done myles
After 3+ years, Harmoney's got that ratio at 23% ish.

[myles]

Attachment 9573
Investment spread.

[beacon]

Paid Off Status with balance still outstanding. I hope Harmoney know what they are doing, cos I don't! Be interesting to see if these get rectified post-audit.
2018 0322 Harmoney paid off status with balance still owing.jpg

[permutation]

I've heard of deferred payment, but this is ridiculous!!

Dec 31 3000.JPG

[Wsp]

I've heard of deferred payment, but this is ridiculous!!

Dec 31 3000.JPG

i have this too. It occurs when a 36 month loan clocks over to 37 months or more.