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Post by patright on May 3, 2018 14:20:02 GMT
Hi
I have not yet joined robocash, what is you guys overall experience with it? does it pay 14% indeed?
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
Likes: 893
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Post by JamesFrance on May 3, 2018 18:18:32 GMT
Seems OK but the return has dropped recently as repayments cannot always be reinvested immediately.
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Post by glensm on May 4, 2018 12:24:44 GMT
It's the most set-and-forget site you'll ever see. I like that (like ViaInvest) they own their own loan originators so late loans can't be fobbed off (quite as easily). There's a bit of lag (~2% per day of my balance going unlent day to day). Little visibility and it kind of 'just works'.
It is indeed 14% less lag.
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Post by patright on May 25, 2018 7:41:50 GMT
thanks for all the info
How big is the lag? Is it worth depositing a few thousands or does that take weeks to get spent?
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Post by Ace on May 25, 2018 9:05:26 GMT
I've not suffered much cash drag so far, but have only invested very small sums so far.
One indication that cash drag may be a problem is that the "available loans" page is hardly ever working (always showing zero). I did see 81 loans on there this morning, but they all disappeared when I refreshed the page a couple of minutes later.
My advice would be to try a small amounts first and keep doubling it if it is allocated quickly.
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Post by patright on May 28, 2018 17:12:09 GMT
Can I ask you where you see the loans? I just can't seem to get around the auto invest
can you invest manually?
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Post by alistairb on May 28, 2018 17:57:13 GMT
Manual investment is not possible with Robocash. The link to the list of available loans is at the bottom of the web page, though recently there are none shown any time I have looked. Cash drag does seem to be a problem at the moment.
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Post by patright on May 29, 2018 4:46:31 GMT
yeah, from what I deposited, only 70 euros were invested..I will monitor but indeed putting money that will sit for a while is not necessary all that profitable
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