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(Post 71/week 49)Investment project updates(Peer to peer lending):Moolahsense(My eleventh campaign)
By Sonicericsg  •  December 28, 2018
Moolahsense(My tenth campaign with Moolahsense) Note*the company name will not be revealed just like the previous post as my money are still inside moolahsense, haha(this is not a sponsored post by the way) Issuer summary Date of listing:Mar 2018 Amount:S$100,000.00 Tenor: 12 months Note type: Callable Quoting from the SGYoungInvestment Callable: In a Callable note, an issuer has an option to early redeem the note on a quarterly basis. If the note is not early redeemed, the issuer pays a quarterly interest. The principal will be fully repaid on the quarter that the redemption is early called or at the maturity date. Assume that you invested $10k in a campaign at a final note rate of 13.5% p.a. in a Callable note.(Below is a very useful illustration)                                 Repayment frequency: Quarterly Repayment frequency: Every 3 months Target interest rate:16%P.A Quoting from Moolahsense website Target interest rate: The ......
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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