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Thread: Harmoney

  1. #4301
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    Quote Originally Posted by SilverBack View Post
    It has been standard practice in IT for decades to lock records (as in a loan record) so that any orders against it are committed without any conflict from any other order.
    Couldn't help but laugh, I was reading your email while waiting for some acceptance tests to run where I've been 'mending' them to do exactly this!

    I posted some time back, it's searchable; but IIRC Harmoney didn't write the system, they brought it from a chap and they skin it. If they don't have direct access to make changes/submit PRs, and this still holds true, they could be at the mercy of the development company on fixes and features.

  2. #4302
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    The lack of loan availability for the retail investors has been mentioned a lot recently, and I'm beyond the point of holding out for things to change. Harmoney is effectively dead, unfortunately..

    This plot (and table) shows how easily I found it to grow a portfolio when I first started, compared to the most recent 6 months.

    Attachment 10578

    data.jpg

    The steepness / gradient of the plot shows how easy or difficult I found it to invest. The 147 days for the last 100 loans is a bit misleading, as I didn't invest in any loans in Feb 2019, however, the drop-off is plain to see.

  3. #4303
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    Quote Originally Posted by alundracloud View Post
    The lack of loan availability for the retail investors has been mentioned a lot recently, and I'm beyond the point of holding out for things to change. Harmoney is effectively dead, unfortunately..

    This plot (and table) shows how easily I found it to grow a portfolio when I first started, compared to the most recent 6 months.

    Attachment 10578

    data.jpg

    The steepness / gradient of the plot shows how easy or difficult I found it to invest. The 147 days for the last 100 loans is a bit misleading, as I didn't invest in any loans in Feb 2019, however, the drop-off is plain to see.
    Harmoneys returns are becoming more attractive with lower interest rates, so there are more people wanting a peice of each loan now.

    You just need to increase your notes per loan, if your'e doing 1, 2 notes per loan then there just isn't enough loan volume compared to demand to fill loans at a rate to deploy your capital like you have been used to, so increase the notes per loan

    I am currently deploying $50k and I recon it will take just over a 2 months, i do 15 notes per loan which deploys nearly $10k a week.

  4. #4304
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    To invest in that many loans I would need to widen my loan criteria, which I'm not prepared to do.

  5. #4305
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    Quote Originally Posted by alundracloud View Post
    To invest in that many loans I would need to widen my loan criteria, which I'm not prepared to do.
    ?

    Did I not make it clear it wasn't an issue of investing in more loans, but more notes per loan?

    Same loan volume (possible lower loan volume) MORE NOTES PER LOAN.

  6. #4306
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    Whoops! Good point

    Quote Originally Posted by alistar_mid View Post
    ?

    Did I not make it clear it wasn't an issue of investing in more loans, but more notes per loan?

    Same loan volume (possible lower loan volume) MORE NOTES PER LOAN.

  7. #4307
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    Quote Originally Posted by alistar_mid View Post
    Harmoneys returns are becoming more attractive with lower interest rates, so there are more people wanting a peice of each loan now.

    You just need to increase your notes per loan, if your'e doing 1, 2 notes per loan then there just isn't enough loan volume compared to demand to fill loans at a rate to deploy your capital like you have been used to, so increase the notes per loan

    I am currently deploying $50k and I recon it will take just over a 2 months, i do 15 notes per loan which deploys nearly $10k a week.
    I have also increased notes per loan to finally get cash down to about 3% and seem to be treading water with autolend and a few manual purchases. I was on the verge of removing cash. If i can get decent diversification at the new level I will up it again to try and get some growth.

  8. #4308
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    The problem though is that the minute you increase exposure per loan you decrease diversification. Those of you having read my previous posts will know that I started out investing up to $1,000 per loan (for A). I refuse to alter my criteria to take more risk in a climate where, despite low interest rates forecast to remain for many more months/years, the headwinds facing our and global economies are growing. Consequently my Harmoney portfolio has dropped from $121k in January to $79k today. That isn't a function of other retailers taking more exposure, but that the quality of the offering has fallen.

  9. #4309
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    I've been able to stay 'afloat' with a little over $120K, investing mostly 8 notes ($200) per loan in the B3-E5 range, taking only loans that I consider 'good' (all manual). Cash available floats in the range of $0 - $2,500. Have to keep on top of it though. Still in excess of 1000 loans, so diversification is still good.
    Last edited by myles; 01-06-2019 at 12:40 PM. Reason: Loans

  10. #4310
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    Quote Originally Posted by myles View Post
    I've been able to stay 'afloat' with a little over $120K, investing mostly 8 notes ($200) per loan in the B3-E5 range, taking only loans that I consider 'good' (all manual). Cash available floats in the range of $0 - $2,500. Have to keep on top of it though. Still in excess of 1000 loans, so diversification is still good.
    Pretty much scales to my current investment per loan but I don't go below D5.

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