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13-10-2017, 04:49 PM
#2791
The site was closed for a while stating they were doing some maintenance.
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13-10-2017, 05:12 PM
#2792
Member
Originally Posted by 777
The site was closed for a while stating they were doing some maintenance.
Well all they've managed to do is stuff the whole site. Harmoney's tech gurus need some upskilling.
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13-10-2017, 06:17 PM
#2793
Member
Originally Posted by joker
Well all they've managed to do is stuff the whole site. Harmoney's tech gurus need some upskilling.
Going ok now. 12 loans up
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13-10-2017, 07:42 PM
#2794
Member
Originally Posted by Soolaimon
Going ok now. 12 loans up
Yes, going now - just. Still as slow as a week of wet Sundays.
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16-10-2017, 06:14 PM
#2795
Member
Harmoney retail RAR has been trending down for sometime now. Currently 13.07% (lowest since mid-2015) and heading toward the 12s. Scorecard 1.5 starting to bite?
Attachment 9234
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16-10-2017, 06:18 PM
#2796
Member
Originally Posted by joker
Harmoney retail RAR has been trending down for sometime now. Currently 13.07% (lowest since mid-2015) and heading toward the 12s. Scorecard 1.5 starting to bite?
Attachment 9234
I'm down from high 16s to 14.99% this morning. It's taken 2 months to drop that quickly. That's over 2600 loans and 21 months. I'm weighted mostly in Cs and Ds. I get the feeling we're making hay while the sun shines. These kinds of returns will attract competition wanting to undercut them because investors are accepting 2.5% in the bank or on rental properties. O/seas returns in these sorts of investments are not as good as they are here.
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16-10-2017, 09:24 PM
#2797
Investor
Originally Posted by darrenc
I'm down from high 16s to 14.99% this morning. It's taken 2 months to drop that quickly. That's over 2600 loans and 21 months. I'm weighted mostly in Cs and Ds. I get the feeling we're making hay while the sun shines. These kinds of returns will attract competition wanting to undercut them because investors are accepting 2.5% in the bank or on rental properties. O/seas returns in these sorts of investments are not as good as they are here.
Your RAR of over 16% wasn't going to last long term. You're now at a more realistic RAR for your risk mix & time of investment.
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16-10-2017, 09:53 PM
#2798
Member
IMO the only way you can work out your actual growth is get your balance one year ago and compare it with today's balance. Of course you'll need to add up funding available, in funding and outstanding principle but if you do, I think you may be shocked by your actual growth, mine is about 7.5% compared with a RAR of almost 16%. DYOR
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17-10-2017, 09:32 AM
#2799
Member
Originally Posted by bullfrog
IMO the only way you can work out your actual growth is get your balance one year ago and compare it with today's balance. Of course you'll need to add up funding available, in funding and outstanding principle but if you do, I think you may be shocked by your actual growth, mine is about 7.5% compared with a RAR of almost 16%. DYOR
Mine is 8.9%
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17-10-2017, 10:22 AM
#2800
Member
Originally Posted by darrenc
Mine is 8.9%
Harmoney's RAR formula looks to be reasonably sound but doesn't seem to allow for the "dead time" between the time the borrower pays Harmoney and when Harmoney credits the money to your account. Also, it's not the whole difference, but the figures you've calculated are after tax but Harmoney's RAR figure is before tax.
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