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07-06-2017, 06:51 PM
#321
Member
Just check the potential and qualified borrower amounts, as well as other investor bids.
Then you can decide whether to deposit more funds, hold your current level of investments, or withdraw funds
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07-06-2017, 07:03 PM
#322
Originally Posted by Kelvin
Just check the potential and qualified borrower amounts, as well as other investor bids.
Then you can decide whether to deposit more funds, hold your current level of investments, or withdraw funds
With 156K of Investor funds waiting for 5 Year loans..... and only 41K of Qualified Borrowers.... It gonna take a wee while for folks to get Invested!!
5YR 9%.jpg
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07-06-2017, 08:57 PM
#323
Member
There's $130k of Qualified Borrowers. I personally always create an Investment Order for each term.
It takes me about the same time to invest $500 in SM as does in LC (unless you are in front of the computer 24/7 which I'm not).
Screenshot_7.jpg
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08-06-2017, 09:43 AM
#324
Member
Just got a loan at 8.95%. I put in a lower bid at 8.85%
still almost $150k of bids for 5 years, so not adding any further funds
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08-06-2017, 11:45 AM
#325
Originally Posted by Kelvin
Just got a loan at 8.95%. I put in a lower bid at 8.85%
still almost $150k of bids for 5 years, so not adding any further funds
I'm sure you've done the numbers On 100K invested a .05% Less interest rate per year only equates to $50 less interest earned per year ( and then still minus Tax as well )
So good plan to go lower and get in!
Last edited by Saamee; 08-06-2017 at 11:54 AM.
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08-06-2017, 05:07 PM
#326
Member
Originally Posted by Saamee
I'm sure you've done the numbers On 100K invested a .05% Less interest rate per year only equates to $50 less interest earned per year ( and then still minus Tax as well )
So good plan to go lower and get in!
Taking the lower rate to get your funds invested quicker may even be more profitable - compared to having your funds sitting idle waiting days for investment
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15-06-2017, 01:01 PM
#327
As of 1.00pm today there are 172K of Investors funds waiting for 5 Year loans @9%!
Last edited by Saamee; 15-06-2017 at 02:16 PM.
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15-06-2017, 07:46 PM
#328
Member
Originally Posted by Saamee
As of 1.00pm today there are 172K of Investors funds waiting for 5 Year loans @9%!
With over $1m of Potential Borrowers I think that SM are doing a great job of screening the borrowers and not loaning to every "Tom, Dick and Harry" out there
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15-06-2017, 08:01 PM
#329
Originally Posted by icyfire
With over $1m of Potential Borrowers I think that SM are doing a great job of screening the borrowers and not loaning to every "Tom, Dick and Harry" out there
Yes, agreed. It's just currently a trifle out of balance.
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18-06-2017, 11:13 AM
#330
OK the penny has just dropped....
Now with 218K of investor funds sitting waiting on 5 year terms - I've never see this much before.
It must be following their recent Road Show around NZ and the success that it has created with new Investors.
Literally they have been Flooded with New Money.
SM.jpg
Last edited by Saamee; 18-06-2017 at 11:49 AM.
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