Originally Posted by
Harvey Specter
Finite - I have wondered that also but my rational is Harmoney base their statistics on a large sample. On the basis I only invest in a very small subset of that, I don't want to be over investing in ones that I don't think are a good risk. Eg if you had 1m notes, it might be OK to have 10% in Holidays, but if you only have 10 notes, I would prefer not to more than 1 (which I may get due to random selection) and preferably none.
Same - I'm not a fan of business loans on the basis of they are borrowing from Harmoney, they are likely to be one of the new businesses that doesn't make it, and if they lose their business, they also lose their job.
Having said those points, while I start out picky, I prefer to be fully invested so may invest (hopefully underweight) in what I think are suboptimal loans (ie. Trusting Harmoney). After all, I have had as many B write offs as F write offs.