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07-04-2017, 01:07 PM
#281
Anyone else viewing a portion of their SM investment like Term Deposit?
With the SM Secondary market you now have choices....
1) $$'s in a main street bank on a TD @ maybe 2.05% / Year for a month
or
2) $$'s in SM @ 9% / Year per month.... with a $50 break fee if required??
Just thinking.....
Last edited by Saamee; 07-04-2017 at 07:01 PM.
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07-04-2017, 01:15 PM
#282
Member
I don't think of them as substitutes but SM is the only cash hold that I am increasing.
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07-04-2017, 01:35 PM
#283
Member
That's exactly what I've been doing. As my bank term deposits have matured I then invested the money in SM. The ROI is much better than what the banks are currently offering.
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07-04-2017, 02:21 PM
#284
Junior Member
Yep have been doing the same regarding term deposits and SM. Into 6 figures now, not sure how wise it is though considering such a large % of loans are unsecured. My preference is for LC but the number of loans coming through is low.
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07-04-2017, 05:33 PM
#285
Member
I invest in both LC and SM. LC has loans secured against a vehicle and sometimes property while SM has the Loan Shield. Hopefully all borrowers on LC using their vehicle as security have insurance on that vehicle. I'm hoping also that LC take into account the fast depreciating value of a vehicle when calculating a borrower's risk grade.
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09-04-2017, 09:39 AM
#286
Originally Posted by baldricknz
Yep have been doing the same regarding term deposits and SM. Into 6 figures now, not sure how wise it is though considering such a large % of loans are unsecured. My preference is for LC but the number of loans coming through is low.
Yes... Same Same. The wisdom is yet to be seen! That's why I mentioned a few posts above on the SM thread that I raise my eyebrows when I see the value of the Loan Shield going DOWN. It's exactly THAT feeling of security diminishing.
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09-04-2017, 08:56 PM
#287
Member
Only time will tell how wise of a decision it was. Loosing $25 or $50 in a loan is not the same feeling as loosing $500, however, I have full confidence in the SM team and their system.
Btw, the Reserve Fund balance is back up to almost $211k
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11-04-2017, 01:17 PM
#288
Member
Capture.jpg
Hahaha, Enquiries for 5 year loans are at over $1m. Still takes a few days for this to translate into loans being funded though.
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11-04-2017, 01:26 PM
#289
Member
Originally Posted by Kelvin
Capture.jpg
Hahaha, Enquiries for 5 year loans are at over $1m. Still takes a few days for this to translate into loans being funded though.
Where is the $1m come from?
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11-04-2017, 01:34 PM
#290
Member
Originally Posted by icyfire
Where is the $1m come from?
In the Potential borrowers column. Seems like they can only display up to 6 digits.
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