Harmoney

[alundracloud]

Didn't you "withdraw all your funds" on the 18th of June?

[777]

Withdrawing all my funds from Harmoney as it becomes available and investing it in Simplicity Funds. Harmoney has now become a waste of time IMHO.

I started that two years ago. Down to $81 now. Cashing up is a slow process.

[icyfire]

@alundracloud Yes I did and still withdrawing more as principal and interest accumulate

[leesal]

Totally understand you guys taking your positions into runoff. Without autolend HM hardly a passive investment.

But for the meantime, I'm slowly increasing my position. After just over a year overall P2P investment 40k, and HM 28k of that.

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[johna]

Hi, That's a nice return, are you deliberately avoiding cat A loans?

[joker]

Totally understand you guys taking your positions into runoff. Without autolend HM hardly a passive investment.

But for the meantime, I'm slowly increasing my position. After just over a year overall P2P investment 40k, and HM 28k of that.

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Great figures leesal. Incredibly low charge-offs for 1 year in with so much in C, D & Es. You're obviously good at picking your risk. How many active loans do you have with Harmony atm?

[leesal]

Thanks

@ johna - Correct don't take many A's, just really depends on the risk/return profile your wanting to take.

@ Joker - Don't know about that! My figures flatter to deceive as its not 30k invested straight away like a lot of others. Am running at a static loss of 0.76% on the 2017 H2 Cohort, vs the platform at 0.57%, plus some charge offs in all but name on some ugly E's from Nov17 & Dec17. But am hopefully am making better decisions in 2018. Have a little over 800 individual loans

[humvee]

Thanks

@ johna - Correct don't take many A's, just really depends on the risk/return profile your wanting to take.

@ Joker - Don't know about that! My figures flatter to deceive as its not 30k invested straight away like a lot of others. Am running at a static loss of 0.76% on the 2017 H2 Cohort, vs the platform at 0.57%, plus some charge offs in all but name on some ugly E's from Nov17 & Dec17. But am hopefully am making better decisions in 2018. Have a little over 800 individual loans

That sure is a low number of charge offs , Ive got a RAR a little higher then yours but way way higher charge offs

Although my portfolio is probably more "Aged"
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[humvee]

I decided to crunch some numbers again, to be honest this time i did not come up with anything particularly useful compared to in the past


Portfolio Age

Average days since investment all loans 693.57 days


Average age of active loan 493.26 days
Average age of Active F Grade Loan 657.68 days
Average age of Active E Grade Loan 595 days
Average age of Active D Grade Loan 476 days
Average age of Active C Grade Loan 410.19




Average Age of "Current" Loan 483.86 Days
Average Age of "Arrears" Loan 602.79 Days


Oldest Loan 1301 Days
Oldest Active Loan 1297 Days

Average Interest rate All Active loans 24.7%
Average Interest rate Arrears Status 27.95%
Average interest rate Current Status 24.53%

Income to repayment Ratios Average ( Monthly Repayment / Borrower Income or Combined Income )


All loans 8.33%
Paid Off 7.74%
Current 9.29%
Arrears 8.99%
Charged off 7.89%
Debt Sold 7.17%


F Grade 9.51%
E Grade 7.1%
D Grade 8.52%
C Grade 9.52%

[leesal]

That sure is a low number of charge offs , Ive got a RAR a little higher then yours but way way higher charge offs

Although my portfolio is probably more "Aged"
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14.6% is a top return after 3.5 years!

Age matters quite a lot though. My oldest cohort is H2 2017, on HM static loss shows 8 months from origination, with a static loss of 0.57%. I originally invested $6750, at the platform average suggests $38 charged.

One of your first cohorts was H2 2015 (currently the best performing cohort), which today has a platform static loss of 4.97%.The same $6750 invested in that cohort, would give charge-offs of $335 at the plaform average. A ten-fold difference