Harmoney

[myles]

$100,000 invested after 12 months:

Keeping the calculation very simple:

Gross Interest: $18,417.15
Fees: $2,985.84
Charge Offs: $1,588.42

Using XIRR only to adjust for the 3 months taken to invest the $100,000 and ignoring the benefit of Payment Protect.

My Return: 15.85% (excluding tax).

I guess I'm one of the very happy Harmoney investors!

I'm travelling at the moment but will post a bit more details if I get a bit more time. If anyone wants to know specific details, ask and I'll try to find time to post.

[RAR: 16.41%]

[beacon]

Gross Interest: $18,417.15, Charge Offs: $1,588.42

8.6% total loss/gross intt after a year, and a solid RoI. Well done myles
After 3+ years, Harmoney's got that ratio at 23% ish.