sharetrader
Page 119 of 119 FirstFirst ... 1969109115116117118119
Results 1,181 to 1,188 of 1188
  1. #1181
    Junior Member
    Join Date
    Dec 2021
    Location
    Picton (currently)
    Posts
    5

    Default

    I think Samee is very realistic on things happening which I can confirm still sitting on over 800 loans (more going out then in lately) with 12 written off, 11 in collection and 44 in areas.
    However the recovery of written off loans was not too bad at all so far with <$500 lost incl. recovery cost, $200 of them from unsecured currently sitting on 4.5% of them over my portfolio and $220T invested.

    Yeah, inflation is a big issue. No half way secure invest option would be capable to cope with those recent retail price rises. In (yet European) war times the stock market would be a no go anyway either. As Samee said it very right, people are loosing their jobs for mentioned reasons despite huge labor demand and loans are increasingly going into areas.

    I'm running a 9.5 - 10% reported NAR which is my goal and I am very happy with it.

  2. #1182
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    783

  3. #1183
    Junior Member
    Join Date
    Jun 2021
    Location
    thames
    Posts
    14

    Default

    I struggle with choosing loans in my head with flex.
    Is there an easy trick to it?
    Not that there seems many 10% flex at higher rates anyway but for example which would be better?

    A: 13% loan with 10% flex
    B: 15% loan with 25% flex

  4. #1184
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    783

    Default

    Quote Originally Posted by kiwical View Post
    I struggle with choosing loans in my head with flex.
    Is there an easy trick to it?
    Not that there seems many 10% flex at higher rates anyway but for example which would be better?

    A: 13% loan with 10% flex
    B: 15% loan with 25% flex
    It is only one criteria to consider.

    I would favour Security over anything else ( only invest in loans with Property as Security - especially in the current climate )

    If you have Funds to invest with LC then whatever rate you get, will ALWAYS be better than anything you can secure at a main street bank!

  5. #1185
    Member
    Join Date
    Sep 2019
    Posts
    53

    Default

    Saamee is right in the sense that Flex by itself doesn't indicate a better or worse loan. Other criteria will tell you more about the quality of the loan.

    LC helpfully tell you the final rate, once Flex is applied. For example, there is currently a 16.64% loan with 25% flex, and the flex-adjusted rate is 12.48%.
    In your example, a 13% loan with 10% flex means a true, flex-adjusted rate of 11.7% (before tax)
    While a 15% loan with 25% flex means a flex-adjusted rate of 11.25% - so the above is slightly better.

  6. #1186
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    783

    Default

    Looking for more proof on Bad Loans??

    Steer well clear of the Unsecured loans!!

    https://www.stuff.co.nz/business/128...ise-in-arrears

  7. #1187
    Junior Member
    Join Date
    Dec 2021
    Location
    Picton (currently)
    Posts
    5

    Default

    One thing I will probably never understand during my remaining lifetime:

    If you have an income between $4,000 and $8.000 with $3.000 outgoings living in rent, why the h... would you need a 24M unsecured $2.000 loan with quite high interest paying off $100 monthly if you just could have saved a month or two to get the desired item without a loan.
    Well I'm fully living on those not thoughtful people thanks god, but I'll never ever understand those people.
    My policy from the moment I stood on my own feet was: "Mike, you're flying now, look that you'll always have enough air underneath your wings not to crash." I'm still flying well.
    Goes without saying that I never had a loan or a mortgage in my life which always was my policy and I even built a house long time ago with my hands.

    People are financially wired today, what to do.

  8. #1188
    Junior Member
    Join Date
    Jun 2021
    Location
    thames
    Posts
    14

    Default

    Just the way of the world now Mike. I'm in online retail. The number of people who ask for laybuy, afterpay, humm, zip or another of the buy now pay later schemes is boggling. Often for items that cost less than $100. Kids want that widget NOW and don't care that it is costing them more or will land them in strife if they can't meet the payments.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •