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  1. #406
    Junior Member
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    Jan 2010
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    29

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    I've never had to wait this long to get an investment filled and at low interest rates too.

  2. #407
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    686

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    Anybody else using the SM App on Android ( Samsung phone ) and not getting the App Notofications when there is a Credit to the account??

    Am running two different accounts and both have the same Error = Lack of App Notification ( maybe see one once a week only - where there may have been 4 credits that week )

    SM have not been too helpful trying to blame the phone!! However the phone has been changed twice in the last year and the problem has been sighted over all 3 phones!!

  3. #408
    Member
    Join Date
    Jan 2017
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    147

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    I'm excited about the major changes coming to the SM platform over the next few weeks. I'm hoping this will increase the number of loans available for investment

  4. #409
    Member
    Join Date
    Apr 2014
    Location
    Christchurch
    Posts
    67

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    So some big changes coming then... I assume they are targeting their existing mortgage base for these new homeowner loans.

    SM looking like a very conservative investment now. Max rate 8.5% with double protection being first the reserve fund and security on the homeowner loans.

    Would I be right in assuming that most who take out the homeowner loans will consolidate into their mortgage, at which point SM looks very much like one year term deposits on slightly higher rates.

    Personally this is too low risk / low return for me. One assumes they are targeting big sums held on term deposit.

  5. #410
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    Jan 2017
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    147

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    The new changes will give people more investment options and that's a good thing. 6.00% p.a. is still better than 3.50% p.a. bank term deposit

  6. #411
    Senior Member
    Join Date
    Mar 2008
    Posts
    619

    Default

    Quote Originally Posted by unhuman View Post
    So some big changes coming then... I assume they are targeting their existing mortgage base for these new homeowner loans.

    SM looking like a very conservative investment now. Max rate 8.5% with double protection being first the reserve fund and security on the homeowner loans.

    Would I be right in assuming that most who take out the homeowner loans will consolidate into their mortgage, at which point SM looks very much like one year term deposits on slightly higher rates.

    Personally this is too low risk / low return for me. One assumes they are targeting big sums held on term deposit.
    Where are you getting 1 year term deposits any where near that high?

  7. #412
    Member
    Join Date
    Apr 2014
    Location
    Christchurch
    Posts
    67

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    Not what I said.

    Based on the email they sent out it appears SM are positioning themselves further away from Harmoney at the lower returns end of the market attempting to entice people with large sums tied up in term deposits who can earn much greater returns for a minimal increase in risk while keeping liquidity. Looks to be a great opportunity for these people. Looks to be a great opportunity for SM as well to leverage off their mortgage business as customer growth for them based off small retail investors on debt consold's is likely limited.

    I applaud SM's retail only focus and will continue to reinvest the funds I have in them currently - being roughly 5% of my portfolio and the only real cash investment held as hedging. But I won't be introducing anything further for these new loans at 6-8% gross is too conservative for someone in my age bracket.

  8. #413
    Junior Member
    Join Date
    Apr 2016
    Posts
    21

    Default

    Anyone else having trouble logging into Squirrel today? Can't get the login screen either on Edge or Chrome.

  9. #414
    Member
    Join Date
    Jan 2018
    Posts
    34

    Default

    Selling two loans-
    1. $477.02 @ 8.5% (4yrs, 10mnths)
    2. $464.39 @ 8.35% (4yrs, 5mnths)

    They're available on the secondary market now.

  10. #415
    Advanced Member
    Join Date
    Aug 2012
    Posts
    1,645

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    Quote Originally Posted by unhuman View Post
    Not what I said.

    Based on the email they sent out it appears SM are positioning themselves further away from Harmoney at the lower returns end of the market attempting to entice people with large sums tied up in term deposits who can earn much greater returns for a minimal increase in risk while keeping liquidity. Looks to be a great opportunity for these people. Looks to be a great opportunity for SM as well to leverage off their mortgage business as customer growth for them based off small retail investors on debt consold's is likely limited.

    I applaud SM's retail only focus and will continue to reinvest the funds I have in them currently - being roughly 5% of my portfolio and the only real cash investment held as hedging. But I won't be introducing anything further for these new loans at 6-8% gross is too conservative for someone in my age bracket.
    At this stage of the cycle it may well be the time to de-risk. After years of low interest rates and quantative easing, after a prolonged boom in asset prices including real estate and share prices, 8% gross pa going forward for the next few years could be a good return.

  11. #416
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    686

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    Has Anyone got an order filled at the 'good old day' rates of 9% in say the last 5 months??

  12. #417
    Member
    Join Date
    Jan 2017
    Posts
    147

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    9% no longer exists. the highest rate is 8.5% for 5-7 years. It appears that the fastest way to get your money invested and working for you is 6% for 1 year which is still double what you get for a bank term deposit.

  13. #418
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    686

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    Quote Originally Posted by icyfire View Post
    9% no longer exists. the highest rate is 8.5% for 5-7 years. It appears that the fastest way to get your money invested and working for you is 6% for 1 year which is still double what you get for a bank term deposit.
    Thanks for the update ICYFIRE... I'll ask a different question now

    Has Anyone got an order filled at the rate of 8.5% in say the last few months??





    I see as of today, there is 133K of funds waiting for 8.5%

  14. #419
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    Join Date
    Jan 2017
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    147

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    Quote Originally Posted by Saamee View Post
    I see as of today, there is 133K of funds waiting for 8.5%
    There is no funds waiting for that rate so it must have gone.

  15. #420
    Senior Member
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    Sep 2015
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    Norf Eyelynd
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    686

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    Quote Originally Posted by icyfire View Post
    There is no funds waiting for that rate so it must have gone.
    We must be looking at different pages!! 5-7 Years still 133K waiting to go!!

    SM 8.5.jpg

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