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Post by drphil on Apr 9, 2018 18:20:37 GMT
Does anybody have a ballpark feel for the number of loans that Auto Invest is diversified across at any one time?
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marka
Member of DD Central
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Post by marka on Apr 9, 2018 18:27:29 GMT
About 8 I think.
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Post by Olivia on Apr 10, 2018 11:53:48 GMT
Hello,
I can confirm we do try and maintain a minimum of 8 loans in our portfolio at one time!
Olivia.
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rzys
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Post by rzys on Apr 10, 2018 21:21:45 GMT
But remember that the safety gains of auto diversification are offset by the lower first loss taken by Kuflink's stake - 5% for auto compared to 20% for self select.
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Post by drphil on Apr 11, 2018 11:35:01 GMT
Thanks for all the replies and good point rzys
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Apr 21, 2018 7:10:53 GMT
I have only 6, 2 of which have repaid, so currently only 4 it seems. Not sure where the cash from the two that repaid is. My investment was for 12 months only but one of the loans does not repay until 2020 so not sure what happens at the end of 12 months. The other 3 are all scheduled to repay next month so if they do none of my cash will be invested unless there are other loans available. I suppose this explains why the rate is so low? All rather opaque. The site does not even show the end date of the auto investment and it does not appear in the Transactions list or the Statement.
Assuming that there are further loans into which my existing invested cash is put, into which of the protection regimes will they fall? The 5% skin, the 20% PF or neither?
Later edit: The auto investment can be found in the transactions list, but not in the amount invested, instead each of the individual investments is shown. Could be clearer.
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puddleduck
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Post by puddleduck on Apr 21, 2018 8:25:07 GMT
I have a reasonable sum in auto invest, and I am in 8 loans. Interestingly a loan I thought very unappealing (ice cream parlour) which was in self-select originally got marked as 'fully funded' (no where near actually!) after only a few days and dumped into auto-invest, presumably in a bid to get funding as I could'nt see how it would have appealed to astute investors and presumably would not have filled.
Some of the other auto invest loans from what I can see never even made in into self-select either.
I have had one auto invest loan repay, and from what I can see the money is no longer invested anywhere, and also 3 to repay in May to which I would assume I can access the money in 12 months, although I too have one ending in 2020.
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