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15-09-2017, 07:39 PM
#2701
Member
Originally Posted by bartholemew
Gotta love some of the comments borrowers put in, hoping it will help them out :
Will definitely help, My car needs a new gear box and at the moment i dont have much money to fund it. So this will definitely help seeing is i need my car for getting to work. I promise once i have the money i will pay my loan off quicker.
Yes, been some classics. My "favourite" of the week has to be "Thanks Harmoney, the more I borrow the lower the interest rate" I think it was a $70k A1 loan too!
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17-09-2017, 12:54 PM
#2702
See Harmoney have updated their Log In Screen ( after you have Logged Off ) today
Last edited by Saamee; 17-09-2017 at 12:55 PM.
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18-09-2017, 06:59 AM
#2703
Originally Posted by Saamee
See Harmoney have updated their Log In Screen ( after you have Logged Off ) today
Update: Monday, Logoff has fallen back to the Old Style this morning!
Sunday HM testing maybe?
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18-09-2017, 03:14 PM
#2704
Member
Originally Posted by Cool Bear
Yes, I wonder if there is any investor here who had been in for more than 24 months and with a RAR of 15+%
22 months and 15.07% with $80K. It was up at 16.7% until a shocker of a month 2 months ago saw my losses climb from $2000 to $4500!
I'm in the process of gradually withdrawing and putting it into Lending Crowd to balance the portfolio (and because they are guaranteed). I'm at 14.24% in LC, although it's pretty hard to get into the loans.
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18-09-2017, 03:45 PM
#2705
Member
Originally Posted by darrenc
22 months and 15.07% with $80K. It was up at 16.7% until a shocker of a month 2 months ago saw my losses climb from $2000 to $4500!
I'm in the process of gradually withdrawing and putting it into Lending Crowd to balance the portfolio (and because they are guaranteed). I'm at 14.24% in LC, although it's pretty hard to get into the loans.
https://www.youtube.com/watch?v=l1dnqKGuezo
damn, I'm in for just over $100k but been in 12 months, went from $1,200 in losses to $1,700 in 2 weeks
What grade are most of your losses btw?
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18-09-2017, 04:42 PM
#2706
Member
Originally Posted by darrenc
22 months and 15.07% with $80K. It was up at 16.7% until a shocker of a month 2 months ago saw my losses climb from $2000 to $4500!
I'm in the process of gradually withdrawing and putting it into Lending Crowd to balance the portfolio (and because they are guaranteed). I'm at 14.24% in LC, although it's pretty hard to get into the loans.
Wow, $4500 out of $80,000 is high but then your 15.07% RAR is high too, so your investment must be on the higher risk spectrum. And 14.24% in LC is also high.
My HM is 14.3% RAR after 27 months with 6000+loans. My LC is just 12.26% and just a fraction of my HM investments. By the way, LC loans are no doubt less risky but just secured and not guaranteed. The portfolio I managed (for the family) has some money in ANZ serious saver earning just 2+% so I do not mind having higher risk HM loans to balance it out.
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18-09-2017, 07:29 PM
#2707
yeah, nah
$4500 from $80K in almost 2 years is only around 3% pa defaults - that's actually not bad, especially considering the RAR!
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18-09-2017, 08:39 PM
#2708
Member
Originally Posted by myles
$4500 from $80K in almost 2 years is only around 3% pa defaults - that's actually not bad, especially considering the RAR!
and 15.07% rar too
Not sure why you would withdraw funds to move with LC when you already get good results.
Harmoney also has auto invest options
why npt invest in both isntead
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19-09-2017, 08:35 AM
#2709
Member
I think the most important indicator of portfolio performance is the "$ value default amount v $Gross Interest received", and the time frame that these figures have occurred.
Principal invested and withdrawn is always a variable figure and has no real relevance to the performance.
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19-09-2017, 09:24 AM
#2710
yeah, nah
Originally Posted by permutation
I think the most important indicator of portfolio performance is the "$ value default amount v $Gross Interest received", and the time frame that these figures have occurred.
Principal invested and withdrawn is always a variable figure and has no real relevance to the performance.
Disagree. You need to take into account the amount you have invested to determine your return on that investment. Defaults to Interest ratio will vary depending on the grades you select and does not indicate 'performance' at all?
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