Yes, been some classics. My "favourite" of the week has to be "Thanks Harmoney, the more I borrow the lower the interest rate" I think it was a $70k A1 loan too!
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See Harmoney have updated their Log In Screen ( after you have Logged Off ) today :)
22 months and 15.07% with $80K. It was up at 16.7% until a shocker of a month 2 months ago saw my losses climb from $2000 to $4500!
I'm in the process of gradually withdrawing and putting it into Lending Crowd to balance the portfolio (and because they are guaranteed). I'm at 14.24% in LC, although it's pretty hard to get into the loans.
https://www.youtube.com/watch?v=l1dnqKGuezo
damn, I'm in for just over $100k but been in 12 months, went from $1,200 in losses to $1,700 in 2 weeks
What grade are most of your losses btw?
Wow, $4500 out of $80,000 is high but then your 15.07% RAR is high too, so your investment must be on the higher risk spectrum. And 14.24% in LC is also high.
My HM is 14.3% RAR after 27 months with 6000+loans. My LC is just 12.26% and just a fraction of my HM investments. By the way, LC loans are no doubt less risky but just secured and not guaranteed. The portfolio I managed (for the family) has some money in ANZ serious saver earning just 2+% so I do not mind having higher risk HM loans to balance it out.
$4500 from $80K in almost 2 years is only around 3% pa defaults - that's actually not bad, especially considering the RAR!
I think the most important indicator of portfolio performance is the "$ value default amount v $Gross Interest received", and the time frame that these figures have occurred.
Principal invested and withdrawn is always a variable figure and has no real relevance to the performance.