is that kinda like in the matrix where Neo saw that cat twice and goes "deja vu" and trinity goes "what did you say?". "deja vu" says Neo.
Trinity then goes on to explain that a deja vu moment means theres a glitch in the matrix
You mean like that?
Printable View
theres F all loans right now. My auto lend only did 2 loans over the week..
More accurate credit rating should help Harmoney better assign credit grades
http://i.stuff.co.nz/business/money/...-credit-scores
Are E loans the best out there?
I was recently looking at Harmony's average return per grade and taking into account the loss what the actual rate of return is (at a given snapshot in time).
How are the overseas P2P market's going? NZ's harmony seems to be rocking - are we just late to the game? What are the general rates of return for other P2P companies in comparison?
average return PY average loss PY average total return PY A 11.87% 0.17% 11.70% B 15.15% 0.53% 14.62% C 20.86% 1.20% 19.66% D 27.25% 2.00% 25.25% E 35.20% 4.28% 30.92% F 39.63% 10.62% 29.01%
I get slightly above the platform return but don't touch E's or F's so struggle to see that they can be much more profitable even though they are much more risky. I also use Zopa and get around 7% but rates are much lower in UK. With Zopa you don't get to pick loans or grades and all investing is automatic (like autolend without any ability to use filters). Harmoney is better imo but the lack of volume means you do have to work hard and still have a lot of idle cash.
Hi FIsaver, are these statistics from your own spreadsheet or something Harmoney has provided?
It was off their marketplace stats page - http://harmoney.co.nz/assets/Perform...975.1473978243
third column is me just taking the (average return - average loss)
FIsave, I have been investing with Harmoney for about 18 months, but 3/4 of my funds went in about 8 months ago. These are my statistics top row is A's, second row B's etc. Net interest being gross less fees and charge-offs:
Probably too early to tell yet since write-offs are apparently loaded towards the first 18 moths of a loan, but looking like F's aren't worth the risk, A's and B's under perform in a buoyant economy (but what would happen in a recession?) and E's give the best return. But still early days yet for my statistics.
spread of net interest spread of investments Difference 14% 20% -6% 33% 40% -7% 16% 15% 1% 14% 10% 4% 16% 10% 6% 6% 5% 1%
I wonder why Harmoney has changed the RAR information as at it's latest update, appeared this morning. No longer two RARs, Retail and Platform, but now just platform.