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Member
Originally Posted by Harvey Specter
There is over a page of loans currently which is good for them - have very rarely seen 3 pages and have had them run out completely. I understand they drip feed them to the market so as those get taken up, they will be replaced.
Of the 2 pages currently, only 2 meet my criteria.
That would seem to make it hard for investors. I just tried to do a Quick Invest and it just never found anything for me to invest in. I've withdrawn my funds in the meantime. Seems pointless having them sitting in there when I can't invest in anything.
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Ive never used quick invest. What rate did you ask for?
It is pretty quick using the filters to fine loans you are interested in (for me C-E 36 month). When I was investing, I would guess I would average about 10 loans (so multiply that by the number of notes per loan you want to get $ amount) a week ( I did weekly deposits). In some cases this only took a day, in others it took the whole week to find them. In others I found them quickly but they expired without filling fully. It would probably be a bit quicker now so maybe expect 20 loans per week depending on how strict with criteria you are.
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Member
Originally Posted by Harvey Specter
Ive never used quick invest. What rate did you ask for?
I didn't get to that stage. First you enter an amount (I tried low amounts like $500 and higher amounts like $3000) and every time it comes back saying there are no notes available.
Never mind, maybe I will look into it again when it gets more popular and there are more loans at any given time.
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Junior Member
Originally Posted by Cricketfan
I didn't get to that stage. First you enter an amount (I tried low amounts like $500 and higher amounts like $3000) and every time it comes back saying there are no notes available.
Never mind, maybe I will look into it again when it gets more popular and there are more loans at any given time.
just in case there is a misunderstanding, when you say you are trying low amounts eg $500. the box that you put what you want in, is in units of $25 so if you put 500 in the box it is assuming you what $12,500 worth.If you want $500 worth you put in 20 .
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Originally Posted by ruaboy
just in case there is a misunderstanding, when you say you are trying low amounts eg $500. the box that you put what you want in, is in units of $25 so if you put 500 in the box it is assuming you what $12,500 worth.If you want $500 worth you put in 20 .
He is looking at the Quick Invest page which is in dollars, not number of notes.
I cant currently test it as I am fully invested.
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Member
So I assume all other Trade Me uses got an email today promoting Harmoney like I did.
Hopefully this publicity will increase the demand for loans and give some supply easing for investors (if that was the case above).
Anyone else looking at investing in this?
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Originally Posted by unhuman
So I assume all other Trade Me uses got an email today promoting Harmoney like I did.
NOt yet. I would expect them to do it in batchs so they can test response rates etc with varous wording. Trademe must have massive mailing list o it is good to hear Harmoney is putting their new investor to work.
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El Toro~
Received mine this morning
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Member
Should have renamed it "Shark Me" or something similar. It will end in tears for the lenders; mark my words.
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