registerme
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Post by registerme on Aug 29, 2018 7:51:15 GMT
My first investment was in August (ish) last year. It wasn't all in one chunk, and assuming I get all my capital back it will have beaten cash, but it's not what I had hoped for. I would be interested to hear from anyone who has invested and subsequently exited the platform. In particular the achieved XIRR in the context of the mix of Gold Trust, Provision Trust and Unprotected Loans and the rough % of cash left on the platform. So it's a year to the day that I put my first investment onto Unbolted. Were I to withdraw every penny today and realise the actual value displayed on the platform my IRR would be a smidgen over 6%. In large part that's down to the fact that at any point in time I have ~20% cash uninvested (ie cash drag). The lowering of rates seriously makes me question whether this is worth the bother.
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Post by GSV3MIaC on Aug 29, 2018 12:08:06 GMT
I resemble that remark - I'm slowly withdrawing because the cash drag and lowered rates make it look like a poor risk/reward proposition. Overall I probably will have gotten 5-6%, before tax, over the last year or thereabouts. I typically have/had £500 or thereabouts waiting to go in (or more recently, out), since logging in for smaller amounts is too time consuming, and I never managed to get more than £5k successfully deployed (to my own safety satisfaction). Too many buyers, not enough loans.
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Post by sannytwist on Aug 30, 2018 14:41:28 GMT
I resemble that remark - I'm slowly withdrawing because the cash drag and lowered rates make it look like a poor risk/reward proposition. Overall I probably will have gotten 5-6%, before tax, over the last year or thereabouts. I typically have/had £500 or thereabouts waiting to go in (or more recently, out), since logging in for smaller amounts is too time consuming, and I never managed to get more than £5k successfully deployed (to my own safety satisfaction). Too many buyers, not enough loans. I'm also in the same situation, last week l set all my loan limits to '£0' and started the process of withdrawing all my investments on UB. Since putting my money on this platform l have not really had much to say, the system works and not had any major problems with it. However, with the lowered interest rates and lack of loans, its just not worth my time. If there was a consistent stream of loans l would stay but no one is lending and the majority of loans are with the same selected few. Who knows, l maybe back in the future if they increased the rates back to normal but for now l have better pickings to be earned with my money. It was fun, onto the next chapter. Sanny
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picnicman
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Post by picnicman on Aug 30, 2018 15:14:24 GMT
sannytwist and @gsv3miac with the demise of COL and with LY and FS and sometimes MT seemingly taking a bashing at the moment, that leaves ABL (with not that many borrowers) in terms of the usual bunch - may I ask where you are thinking of investing in terms of p2p or are you moving out of p2p altogether? If you do not wish to respond I understand - cheers P
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Post by GSV3MIaC on Aug 30, 2018 16:39:45 GMT
I'm still in MT, and ABL (both with ISAs), and minimally in AC, but much of the rest of my P2P exposure has crawled away to stocks/shares &/or cash or EIS/VCT etc. I think I have more in AC sharesthan I do in their loans.
I never did jump into Col, but I am a refugee from FC, LC, ReBS, RS and ZOPA (and would like to be one from Ly too). FS is possible, but seems to require more DD to avoid duds than I am ready for (even with mrclondon doing a lot of heavy lifting in DD central). YMMV.
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stevio
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Post by stevio on Aug 30, 2018 17:41:16 GMT
I haven't put any new money onto this platform in about a year, it seems to continually churn
Yes, you could get more invested, but involves concentration in a small number of high value loans, a bit like DFLs
This is not scalable, without concentration risk, so use as a little diversity or dont
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hantsowl
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Post by hantsowl on Sept 3, 2018 9:10:38 GMT
sannytwist and @gsv3miac with the demise of COL and with LY and FS and sometimes MT seemingly taking a bashing at the moment, that leaves ABL (with not that many borrowers) in terms of the usual bunch - may I ask where you are thinking of investing in terms of p2p or are you moving out of p2p altogether? If you do not wish to respond I understand - cheers P I was in a similar position, winding down MT and LY and totally out of FS (except numerous defaults) and FC and looking for alternatives. I am holding ABL, AC and LI for now and am in a similar position to many with UB and relying on churn rather than adding. I have recently dabbled with Relx but not fully committed yet. One platform that I have recently committing to is Proplend. Their loans look good quality and they provide tranches at different rates to accommodate risk levels. The only negative for some people may be the £1000 minimum per loan, so diversification will be low with just a few thousand invested.
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Post by df on Sept 3, 2018 20:02:50 GMT
sannytwist and @gsv3miac with the demise of COL and with LY and FS and sometimes MT seemingly taking a bashing at the moment, that leaves ABL (with not that many borrowers) in terms of the usual bunch - may I ask where you are thinking of investing in terms of p2p or are you moving out of p2p altogether? If you do not wish to respond I understand - cheers P 12%+ market is very limited. My funds in Ly, FS and MT are reducing (would've been the same with COL if it was still functioning). ABL, HC and Rebs are on marginal increase. I tend to lean towards lower rate/risk platforms. I've recently increased my funds in GS, Welendus and RS.
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Post by mint on Sept 6, 2018 18:23:08 GMT
I reduced my auto-lend for PT loans with the Platform’s rate reductions, but I’ve just got one of my biggest proportional allocations on a very medium sized loan – looks like all this talk of leaving is turning into action. Possibly the more the merrier for those of us left behind, and disagree with recent comments about the bother factor – pretty fire and forget on the whole. Useful as a platform and asset diversification for me.
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nick
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Post by nick on Sept 12, 2018 17:55:23 GMT
I would be interested to hear from anyone who has invested and subsequently exited the platform. In particular the achieved XIRR in the context of the mix of Gold Trust, Provision Trust and Unprotected Loans and the rough % of cash left on the platform. So it's a year to the day that I put my first investment onto Unbolted. Were I to withdraw every penny today and realise the actual value displayed on the platform my IRR would be a smidgen over 6%. In large part that's down to the fact that at any point in time I have ~20% cash uninvested (ie cash drag). The lowering of rates seriously makes me question whether this is worth the bother. I'm interested that your cash drag is so high. My cash has generally been 2-5% over the past 6 months that I've been invested, but I've only invested £15k so I assume I must be near the sweet spot in terms of average allocation size for the amounts churned on that investment size. I had planned to ramp up investment but paused when rates were cut. I hadn't really though that cash drag would also increase (I assume allocation is done on a non-weighted basis rather than scaled to investor uninvested cash balances). I'll keep my existing investment rolling over just to try to diversify the limited number of platforms I'm invested in and in a feeble attempt to diversify away from property which I'm way over exposed......
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upland
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Post by upland on Sept 12, 2018 20:48:17 GMT
I am in agreement with most of what is being said on this thread of late. I have noticed that my cash drag has crept up to over 10% from a more normal 4-5%. I dont really know why this is happening but I know that if I take some cash out that they will suddenly find a lot of those big loans that need financing and I will have to put it back again. The unpleasant volatility in loan availability causes a high cash drag on this platform. Not useful since the rates were reduced.
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IFISAcava
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Post by IFISAcava on Sept 12, 2018 21:38:54 GMT
So it's a year to the day that I put my first investment onto Unbolted. Were I to withdraw every penny today and realise the actual value displayed on the platform my IRR would be a smidgen over 6%. In large part that's down to the fact that at any point in time I have ~20% cash uninvested (ie cash drag). The lowering of rates seriously makes me question whether this is worth the bother. I'm interested that your cash drag is so high. My cash has generally been 2-5% over the past 6 months that I've been invested, but I've only invested £15k so I assume I must be near the sweet spot in terms of average allocation size for the amounts churned on that investment size. I had planned to ramp up investment but paused when rates were cut. I hadn't really though that cash drag would also increase ( I assume allocation is done on a non-weighted basis rather than scaled to investor uninvested cash balances). I'll keep my existing investment rolling over just to try to diversify the limited number of platforms I'm invested in and in a feeble attempt to diversify away from property which I'm way over exposed...... no - allocation is weighted by the lower of autobid limit and cash balance - so will scale to uninvested cash balance if it is lower than the autobid limit.
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sd2
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Post by sd2 on Feb 15, 2019 14:35:57 GMT
Not sure why anyone has cash drag. I have £80 in. At the end each day they email what's left in my account. I then top it back up to £80. Payment from my bank account to unbolted nearly every morning email saying it has been paid in. At the 6 month mark now but due to unpaid loans I am still putting money in but I expect that will end soon and instead will be withdrawing money possibly daily but probably weekly.
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picnicman
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Post by picnicman on Feb 15, 2019 18:06:46 GMT
Not sure why anyone has cash drag. I have £80 in. At the end each day they email what's left in my account. I then top it back up to £80. Payment from my bank account to unbolted nearly every morning email saying it has been paid in. At the 6 month mark now but due to unpaid loans I am still putting money in but I expect that will end soon and instead will be withdrawing money possibly daily but probably weekly. Depends whether you like the look of the bigger unprotected business loans. If not then I agree. Cheers P
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Post by GSV3MIaC on Feb 15, 2019 18:10:47 GMT
Many people value their time too highly to mess about with daily double digit transfers, and are probably hoping to run a 4 or 5 figure UB account balance, which just doesn't really work with current deal flow vs lender demand. Yes, you can probably invest £10 or £50 automagically each day, but not £100 or £1000.
If the smallest bank transfer you cba to ask for is £1000, it WILL take weeks to get invested, and there will be a lot of cash drag.
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