Squirrel Money P2P

[RGR367]

Not much going on at Squirrel lately. I've had 3K waiting to be invested for 5 years at 8.75% now for over a week and it's still sitting there. Longer term, there needs to be a better re-investment process than this otherwise surplus cash is just sitting around too long.

Took two weeks for my 2 year offers to be taken and the one remaining on a 5 year-term has been sitting there for almost a month now. So yeah, not much demand there at the moment. But maybe after the holidays ..............

[Saamee]

I see Squirrel continues to get even more choked up with Investor Funds on offer for 5 Years.

As of this morning 330K for Investment offers as low as 8.45% for 5 Years!

Capture.jpg

[beacon]

http://www.scoop.co.nz/stories/BU171...+November+2017 Interesting Overall picture

[Saamee]

Hats off to Squirrel Money for continued attention to Customer Service over Xmas Day and Boxing Day...................

I processed account Withdrawals on BOTH Days and they were actioned same day ( ASB to ASB )

Well Done to Charles and the Team Happy New Year to all @ SM.....

[unhuman]

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?

[Saamee]

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!

[beacon]

That's the bidder's Q

[beacon]

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

[Saamee]

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

[Saamee]

SM took a largish Write Off over night ( 47.5K )

Last night.
SM RESERVE FUND YESTERDAY.jpg


This morning.
SM RESERVE FUND TODAY.jpg