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  1. #391
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    Quote Originally Posted by leesal View Post
    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
    @leesal - Do you have an update on movement?

  2. #392
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    Nothing. Still bidding for $500 worth at 9%.

    Have no idea on whether any loans before mine on 9% have been filled.

  3. #393
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    Quote Originally Posted by leesal View Post
    Nothing. Still bidding for $500 worth at 9%.

    Have no idea on whether any loans before mine on 9% have been filled.
    Yes it sure would be good if you could monitor your progress down the queue!!

  4. #394
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    The "Recently Funded" figure changes on a regular basis so that means all the orders with lower interest rates are picked up first

  5. #395
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    Quote Originally Posted by leesal View Post
    Nothing. Still bidding for $500 worth at 9%.

    Have no idea on whether any loans before mine on 9% have been filled.
    @leesal > Any movement for you?

  6. #396
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    It's clear that many of us (myself included) are very happy with about 8.5% interest on 5-year loans. I think there are quite a few reasons:
    1. In the context of bank interest rates running at just over 4%, 8.5% is excellent
    2. Bidding around this figure greatly increases the rate at which investments are taken up, avoiding money just being squirreled away in Squirrel's bank account (sad no interest for that...)
    3. Keeping lender interest rates as low as possible probably decreases borrower defaults and problems -- though defaults matter less to us than to other P2P lenders
    4. It stops me feeling I'm committing the sin of usury, and may still go to heaven

    --any other reasons, for or against?

  7. #397
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    Reason against - Race to the bottom.

    Is +4.5% an adequate MRP for the inherent riskiness of the debt

    @ Saamee - no movement. Filtering a good chunk through Harmoney, not that worried if doesn't get picked up.

  8. #398
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    Quote Originally Posted by leesal View Post
    Reason against - Race to the bottom.

    Is +4.5% an adequate MRP for the inherent riskiness of the debt

    @ Saamee - no movement. Filtering a good chunk through Harmoney, not that worried if doesn't get picked up.
    Same same but different! As my Invested funds get repaid from Squirrel - @ 9% ), they are being shifted across to Lending Crowd with a current NAR of 13.45% return

  9. #399
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    I have moved all of my money from Squirrel already due to low return of 8.5%. The reason to open an account with squirrel was the Reserve fund which gave me a sense of safety against loan defaults. I have been able to achieve 12.5% with Harmoney in the last 3 years and it is easier to find loans to lend on their platform.

    LC is even better than Harmoney when it comes to returns but it is near impossible to find loans there.

  10. #400
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    There has been a very low number of loans on HM in the last few weeks and out of those very few loans I wouldn't invest in 90% of them. It makes no sense to me to invest in HM loans at 9% interest rate considering those loans are unsecured, HM charges 15-20% in fees and HM can be very time consuming and time is money.
    For the reasons above I'm personally very happy with earning 8.5% return on Squirrel Money.

  11. #401
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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.
    @leesal > 1 month today... Did you ever get in @ 9%??

  12. #402
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    Quote Originally Posted by Saamee View Post
    @leesal > 1 month today... Did you ever get in @ 9%??
    Nope. Order still there, probably wont be placed after a year!

    How are you getting on with LC? I placed 3 loans there 2 weeks ago, but haven't seen anything since. Better chance of catching a cold.

  13. #403
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    Quote Originally Posted by leesal View Post
    Nope. Order still there, probably wont be placed after a year!

    How are you getting on with LC? I placed 3 loans there 2 weeks ago, but haven't seen anything since. Better chance of catching a cold.
    Actually got into 4 x Loans @ LC over the last 7 days....

    However still have funds there to invest more into.

    Have read on the HM thread about lack of loans..... LC has been much quieter too since the beginning of this month!

    Have heard their Ad's over the radio often everyday recently...

  14. #404
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    Today @ SM there is Funding from Lenders on offer for 5 Year Loans at a new low of 8%.

    Capture.jpg

  15. #405
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    Very much so,Doing this with Lending Crowd as there is a similar problem there

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