Harmoney

[myles]

Milestone reached for me today - just over 12 months of investing.

milestone.png

A few other numbers of interest:

1941 loans in total
596 loans paid off
22 loans charged off
22.03% average weighted loan interest rate

Harmoney average suggested default rate for my loans = 1.33%
My loans actual default rate = 1.13%

Charge offs (I have a split something like 10% B, 40% C, 35% D, 15% E):
1 x B (1:194)
7 x C (1:111)
6 x D (1:113)
8 x E (1:36)

The default ratio shown in brackets (i.e. 1 loan in 194 defaults for B's) is interesting - shows very little difference in my loan set for C and D loans?

[beacon]

22.03% average weighted loan interest rate


The default ratio shown in brackets (i.e. 1 loan in 194 defaults for B's) is interesting - shows very little difference in my loan set for C and D loans?

Congratulations myles on the 20k gross, absolutely enviable results and well deserved, as you backed your calculations and convictions and ventured into the risky frontier, despite recent risk averse chatter a year ago.

Interesting C-D ratios indeed. Would be interesting to see if your loan picking filters will eventually beat Harmoney's grading system ...