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  1. #376
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    Quote Originally Posted by unhuman View Post
    So I see there are loan/s on the secondary market for $484. Does anyone know how to bid on this - considering the minimum investment offer must be $500?
    Never quite worked that one out!

    Maybe the "Enlightened" will respond!

  2. #377
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    I think it is matched with the first one in Q on that rate. Have a Happy New Year, fellow investors....

  3. #378
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    That's the bidder's Q

  4. #379
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    Good to sight that the "Reserve Funds Coverage Ratio" has again attained Double the "Expected Loss Rate".

    Speaking for myself only - It provides an added feeling of Security.


    SM RESERVE FUND.jpg

  5. #380
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    SM took a largish Write Off over night ( 47.5K )

    Last night.
    SM RESERVE FUND YESTERDAY.jpg


    This morning.
    SM RESERVE FUND TODAY.jpg

  6. #381
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    You got to love SM's reserve fund doing the job that was set up to do

  7. #382
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    Exactly

    I see the Reserve Fund Levy ( which borrowers pay ) is now at a high of 2.05%.

    This is positive as it 'fills up' faster.....

  8. #383
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    RWT Certificates for the 2017 \ 2018 Tax Year have been ready for Downloading from the SM website for a good few days now already

  9. #384
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    Quote Originally Posted by Saamee View Post
    SM took a largish Write Off over night ( 47.5K )

    Last night.
    SM RESERVE FUND YESTERDAY.jpg


    This morning.
    SM RESERVE FUND TODAY.jpg
    err what? you took a $48k write off?

  10. #385
    Investor
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    Oct 2016
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    Quote Originally Posted by alistar_mid View Post
    err what? you took a $48k write off?
    SM being squirrel money. The default was billed to the reserve fund they have, which each member contributes towards.

  11. #386
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    Quote Originally Posted by Investor View Post
    SM being squirrel money. The default was billed to the reserve fund they have, which each member contributes towards.
    Yeah.. Thanks @Investor - I wasn't going to answer!

  12. #387
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    Just put on my first bid

    How long does it generally take to place a 9% order?

    I read that JD mentioned 3% interest for on-call funds. Has that been activated?

    Have a good chunk in Harmoney am happy with that being locked away medium term. SM appeals provided the secondary market works for liquidity if needed.

  13. #388
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    Quote Originally Posted by leesal View Post
    Just put on my first bid

    How long does it generally take to place a 9% order?

    I read that JD mentioned 3% interest for on-call funds. Has that been activated?

    Have a good chunk in Harmoney am happy with that being locked away medium term. SM appeals provided the secondary market works for liquidity if needed.
    I just had $$'s in for 7 Days waiting for 8.9%..... Removed the funds after 7 days had passed and not a chance of getting close to that level.

    Currently it is a "Dutch Auction" down to lowest rates I have ever seen ( about 8.45% for 5 Years! )

    The P2P Lenders DO Not offer Interest of Your fund held ( otherwise they have to conform more to Banking Regs )

  14. #389
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    @leesal Given that there is currently $239,506 of bids in the market for 5 years it might take 1-2 weeks.

    The beauty with SM is that you create your order and then go to the beach! I personally don't use the HM auto-lending function so I find SM to be a lot less time consuming.

  15. #390
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    Thanks Guys. Did wonder with that much how long withh 200k+ out

    I'll still try top dollar. Its FIFO right? Might be worth painting the house and see if gone through when its dry.

    Would be much nicer if all the investors went in at 9%, and waited patiently in line

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