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Discussion about Peer-to-Peer Lenders

Harmoney
Squirrel Money

Posts about Harmoney on ShareTrader.co.nz

“Also writeoffs as a % of interest are creeping up (for me) and it is too early for this to be from recent shift in grade mix....” View full post »

“Harmoney retail RAR has been trending down for sometime now. Currently 13.07% (lowest since mid-2015) and heading toward the 12s. Scorecard 1.5 starting to bite? 9234 Maybe but also the continued dilution of the original (capital based fee) loans will hit retail returns. My returns have dropped a little under 0.5% even...” View full post »

“I'm currently at 7.6% return for 6 months i.e. ~ 15.2% for 12 months after tax (lowest rate). This includes a startup period of a little over 3 months to invest $100K (so it should improve). I know I've got some significant losses to come as more defaults kick in but my returns are looking to be significantly higher......” View full post »

“Mine is 8.9% Harmoney's RAR formula looks to be reasonably sound but doesn't seem to allow for the "dead time" between the time the borrower pays Harmoney and when Harmoney credits the money to your account. Also, it's not the whole difference, but the figures you've calculated are after tax but Harmoney's RAR figure is...” View full post »

“IMO the only way you can work out your actual growth is get your balance one year ago and compare it with today's balance. Of course you'll need to add up funding available, in funding and outstanding principle but if you do, I think you may be shocked by your actual growth, mine is about 7.5% compared with a RAR of almost...” View full post »

“IMO the only way you can work out your actual growth is get your balance one year ago and compare it with today's balance. Of course you'll need to add up funding available, in funding and outstanding principle but if you do, I think you may be shocked by your actual growth, mine is about 7.5% compared with a RAR of almost...” View full post »

“I'm down from high 16s to 14.99% this morning. It's taken 2 months to drop that quickly. That's over 2600 loans and 21 months. I'm weighted mostly in Cs and Ds. I get the feeling we're making hay while the sun shines. These kinds of returns will attract competition wanting to undercut them because investors are accepting...” View full post »

“Harmoney retail RAR has been trending down for sometime now. Currently 13.07% (lowest since mid-2015) and heading toward the 12s. Scorecard 1.5 starting to bite? 9234 I'm down from high 16s to 14.99% this morning. It's taken 2 months to drop that quickly. That's over 2600 loans and 21 months. I'm weighted mostly in Cs and...” View full post »

“Harmoney retail RAR has been trending down for sometime now. Currently 13.07% (lowest since mid-2015) and heading toward the 12s. Scorecard 1.5 starting to bite? 9234...” View full post »

“Going ok now. 12 loans up Yes, going now - just. Still as slow as a week of wet Sundays....” View full post »

View full Harmoney thread on ShareTrader.co.nz

Posts about Squirrel Money on ShareTrader.co.nz

“Well that didn't last very long. 5 hours later and I can't see where $700k has gone! Certainly wasn't picked up by SM lenders. 9253 @joker... Your were looking at 5 Year loans only whilst icyfire was looking at all the terms of loans!...” View full post »

“Squirrel Money has just passed the $2mil mark of Potential Borrowers for the first time ever. 9252 Well that didn't last very long. 5 hours later and I can't see where $700k has gone! Certainly wasn't picked up by SM lenders. 9253...” View full post »

“Squirrel Money has just passed the $2mil mark of Potential Borrowers for the first time ever. 9252 ...” View full post »

“@beacon SM has got to make money somehow. SM is a business with employees, rent, etc to pay as well as a platform to maintain and marketing expenses and the list goes on. I'm personally very happy with the returns, much better than the 3% I would get from bank term deposits....” View full post »

“Wow, you're saying Squirrel is bidding for loans on its own platform? That would be highly unethical... And yes I am having trouble putting money to work now. Yes, I was not quite sure what Beacon was trying to say. I know I have bought Squirrel loans before ( @ 9% ) - Sounds like somehow Beacon knew they were SM...” View full post »

“Wow, you're saying Squirrel is bidding for loans on its own platform? That would be highly unethical... And yes I am having trouble putting money to work now....” View full post »

“Or just Free market principles at work? Free market in the ability investors have to undercut each other and jump the Q. But if you are Squirrel, and you buy a $100,000 loan at 9% for 5 years and sell it a microsecond later to 10 investors at 8.5%, you are reaping 0.5% on the life of the loan with no money down. In my...” View full post »

“Interesting that Squirrel issues loan to borrowers at fixed listed rates (average 12.56% according to the site currently), takes its 2% cut, deducts its 2% shield buffer, but then also keeps the Investor rate difference (loan bought first by squirrel at 9%, then onsold to investor at 8.5%, due to lack of sufficient loans...” View full post »

“Interesting that Squirrel issues loan to borrowers at fixed listed rates (average 12.56% according to the site currently), takes its 2% cut, deducts its 2% shield buffer, but then also keeps the Investor rate difference (loan bought first by squirrel at 9%, then onsold to investor at 8.5%, due to lack of sufficient loans...” View full post »

“360K currently waiting for investing in 5 Year loans.... 5 Year lending appears to have slowed right down since the end of the last quarter at SM Has anybody been getting serious funding into 5 Year loans recently apart from rats and mice single figures? My Interest and Capital payments from SM are now going into...” View full post »

View full Squirrel Money thread on ShareTrader.co.nz

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