Quote Originally Posted by icyfire View Post
If Smartshares start going negative then the economy would have to slow down which means people would loose their jobs which will negatively impact Harmoney as well. It's all connected.
The smart thing to do with shares is to not turn a paper loss into a real loss by selling them during a downturn.

Most of the Harmoney loans don't really make logical sense. Why would someone who has a mortgage want to borrow $25k at 15% on Harmoney for Home Improvements when they could top up their existing mortgage at 6%. I see these loans on Harmoney daily. Did the bank turn them down because deemed too high risk? Or are these borrowers just silly?
your'e obv pretty out of touch with the average financial IQ of the average jabroni walking down the street!

and your example is a little off... having your own mortgage etc you probably gonna be on 12-16% if you take a harmoney loan. the 25% are reserved for renting, not long in job, low income that sort of thing