Debt & Credit – Remember To Water

Peer to Peer Lending – Goals and Questions Answered

Tom — Sun, 31 Mar 2019 05:15:12 +0000

So it has been a while since my last post. I feel bad, but will get over it since no one complained to me. I wanted to give a quick update on my P2P lending from the last post that I made on the topic. I also wanted to answer/address the goals and questions I had previously. So here goes. First, let’s address the questions What rate of return will I receive? Currently the rates are listed as: Wisr: 7.6% to 8,4% (see here). RateSetter: 8.3% (see here). OurMoneyMarket: 8.4% up to around 17% (see: here). How long will my...

The post Peer to Peer Lending – Goals and Questions Answered appeared first on Remember To Water.

Peer to Peer Lending – Goals and Questions

Tom — Mon, 04 Jun 2018 19:27:14 +0000

Continuing on from my first post about Peer to Peer (P2P) Lending, I wanted to have a look at the three remaining retail P2P lenders. As I am still a retail client, the wholesale funds hold little interest to me at the moment. As a quick recap, the three remaining peer to peer lenders are: Wisr (previously DirectMoney) RateSetter OurMoneyMarket Before assessing the remaining three however, there are some key questions that need to be answered. Some of them can’t be answered, like “will I lose my money”, but I will try and see if some of the information they...

The post Peer to Peer Lending – Goals and Questions appeared first on Remember To Water.

Peer to Peer Lending – The Beginning

Tom — Sat, 26 May 2018 12:45:57 +0000

I have wanted to start my foray into Peer to Peer (P2P) Lending for almost a year now, and I have finally had time to get around to it. Just like most people, I am a fan of having a diversified and balanced investment portfolio based on my desired risk vs return objectives… That really sounds like a boring old man’s statement, I didn’t think I was that old yet. Given the current RBA cash rate is only 1.5% I have been looking to other investment options to increase returns. I already have quite a bit invested in a few...

The post Peer to Peer Lending – The Beginning appeared first on Remember To Water.

How Much Do You Really Need For A House Deposit?

Tom — Fri, 24 Apr 2015 11:51:40 +0000

So how much do you really need for a house deposit? When I first seriously started thinking about buying a house I had no idea where to start. I knew you got a loan and then paid it off. I knew how to look for houses that I liked. I had been “house window shopping” for years already, but the technical details around financing and deposit requirements were all new to me. Lenders Mortgage Insurance Being a naturally inquisitive person who likes to learn, I found myself with financial institutions providing me with information that just posed more questions. I...

The post How Much Do You Really Need For A House Deposit? appeared first on Remember To Water.

The Ultimate Low Rate Credit Card – How To Maintain Liquidity In Your Property

Tom — Fri, 13 Mar 2015 08:57:06 +0000

I will get to the ultimate low rate credit card in a second, but if you are like me, then once you have saved up a 20%+ deposit, found the right home, completed any inspections, and finally moved in, you want to start paying it off. In todays low interest environment, with home loans (in 2016) dipping below 4% in Australia and lower elsewhere, it is a perfect time to make some good in-roads into your mortgage. Nothing feels better than taking a chunk out of your debt – or at least not that I plan to talk about here....

The post The Ultimate Low Rate Credit Card – How To Maintain Liquidity In Your Property appeared first on Remember To Water.