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06-04-2019, 10:26 AM
#4241
Member
I graphed the the principal value of my account vs. time, to try and visualize the slow-down of my portfolio..
PV.jpg
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06-04-2019, 02:01 PM
#4242
Member
Originally Posted by alundracloud
I graphed the the principal value of my account vs. time, to try and visualize the slow-down of my portfolio..
PV.jpg
I think it's time to accept that it's effectively over for P2P retail investment in NZ. Repayments greatly exceed listings, autolend yields so few loans and manual checking is a time waster.
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06-04-2019, 02:11 PM
#4243
yeah, nah
outprinc.png
Comparative chart - have been able to make a little headway in recent days, but it is a hard slog.
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06-04-2019, 05:05 PM
#4244
Member
Originally Posted by myles
outprinc.png
Comparative chart - have been able to make a little headway in recent days, but it is a hard slog.
Have you had to loosen up on your investment criteria or increase how many notes you'll buy per loan (or both) to achieve such a result?
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06-04-2019, 05:13 PM
#4245
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06-04-2019, 06:19 PM
#4246
yeah, nah
Originally Posted by alundracloud
Have you had to loosen up on your investment criteria or increase how many notes you'll buy per loan (or both) to achieve such a result?
No to a change in number of notes - I made that change last year.
Yes to a change in investment criteria - dropped from taking a lowest grade of B5 down to B2.
I'm not sure that change has made all of the difference, but certainly some of it.
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06-04-2019, 06:25 PM
#4247
yeah, nah
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06-04-2019, 10:38 PM
#4248
Member
Originally Posted by myles
outprinc.png
Comparative chart - have been able to make a little headway in recent days, but it is a hard slog.
Interesting but I have a bigger portfolio and not enough loans available to replace repayments. I have considered reducing diversification but don't feel comfortable that I could achieve enough quickly enough to grow my portfolio that way. I have also lost a little confidence in Harmoney to be brutally honest.
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07-04-2019, 09:26 AM
#4249
yeah, nah
Originally Posted by RMJH
I have also lost a little confidence in Harmoney to be brutally honest.
Agree. Since I started investing with Harmoney I've been 'astounded' at their complete lack of communication with Investors. I think in the early days they did, even had some staff posting here. It really comes down to blind faith, which is now waning for most.
A few 'lender' based posts on their blog, here or even Facebook, would be beneficial:
- when/why changes are made
- some detail of the current poor loan supply
- will poor loan supply continue/improve
- future 'planned' changes
- anything really
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07-04-2019, 03:44 PM
#4250
Member
I think that if someone was able to get into the data it might be found that Harmoney was losing far more than its shareholders wanted, in just running the platform, so the decision was taken to manage that loss by investing in its own right, using BNZ funding, and to heck with the impact on the actual Peers in the P2P concept. If that is so, then our exposures are going to trend to zero, while our arrears will trend higher (as I have noticed in recent months).
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