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Post by Proptechfish on May 15, 2019 1:37:54 GMT
All of my investment queue was cleared by the 5th of the month Meaningless if you only have £100 invested. I have more than £100 invested
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zlb
Member of DD Central
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Post by zlb on May 15, 2019 13:19:55 GMT
The current stats for my August 2018 investments are: XIRR = 13.05% (8.22% excluding Additional Earning payments), 4.5% of funds queued (regularly picks up loans). The current stats for my December 2018 investments are: XIRR = 9.82% (5.83% excluding Additional Earning payments), 46.2% of funds queued (only picked up one loan since 24/3/2019), Note that one of the investments in this cohort is set to accept the full rate range of 5 to 15%.My November money has no movement on the queue and has increased from 40% (for a long time) to 65% queued (increased to this since yesterday). I'm finding that expanding the 'rate range' isn't making a difference to the queue issue, currently. I expanded the rate range some weeks back to try to see if that made a difference. Maybe it would make a difference with better movement/turnover.
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Post by df on May 15, 2019 14:12:39 GMT
The current stats for my August 2018 investments are: XIRR = 13.05% (8.22% excluding Additional Earning payments), 4.5% of funds queued (regularly picks up loans). The current stats for my December 2018 investments are: XIRR = 9.82% (5.83% excluding Additional Earning payments), 46.2% of funds queued (only picked up one loan since 24/3/2019), Note that one of the investments in this cohort is set to accept the full rate range of 5 to 15%.My November money has no movement on the queue and has increased from 40% (for a long time) to 65% queued (increased to this since yesterday). I'm finding that expanding the 'rate range' isn't making a difference to the queue issue, currently. I expanded the rate range some weeks back to try to see if that made a difference. Maybe it would make a difference with better movement/turnover. All my investments dated Oct 2018 and later are stuck at full rate range (the highest is 50% queued). Overall cash drag is 13.3%. Earlier investments are doing OK so far. There are two options a) do nothing and rely on projected improvement in June, b) withdraw these investments and put them elsewhere. I've settled on option "a" - there's nowhere else I'd like to increase my holding at the moment.
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zlb
Member of DD Central
Posts: 1,412
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Post by zlb on May 15, 2019 14:21:02 GMT
My November money has no movement on the queue and has increased from 40% (for a long time) to 65% queued (increased to this since yesterday). I'm finding that expanding the 'rate range' isn't making a difference to the queue issue, currently. I expanded the rate range some weeks back to try to see if that made a difference. Maybe it would make a difference with better movement/turnover. All my investments dated Oct 2018 and later are stuck at full rate range (the highest is 50% queued). Overall cash drag is 13.3%. Earlier investments are doing OK so far. There are two options a) do nothing and rely on projected improvement in June, b) withdraw these investments and put them elsewhere. I've settled on option "a" - there's nowhere else I'd like to increase my holding at the moment. I'm pretty sure I'll be doing the same.... but I'd expect just a tiny sign of movement after the email announcement implied that things were all fixed now, technically. I had been about to invest more highly here, after running it for a little while, so excuse frustration with current situ.
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benaj
Member of DD Central
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Post by benaj on May 15, 2019 14:33:58 GMT
Some belated news from Nadeem, e-mail 16:29 today: "We are introducing new key features to the website which will lead to significant technical improvements and improve usability. Unfortunately, this has led to slower deployment and a longer queue during April and most of May, which you may have experienced as a lender. We expect the longer queue to last for most of this month (May) after which, deployment will rapidly pick up and the queue will start reducing as we get back to our normal pace with our usual quick deployment and good returns. So please bear with us as we develop these improvements." I suppose we all have to bear this slower lending in May and hope for better in June. Lending has slowed down since end of March.
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Post by df on May 15, 2019 14:37:02 GMT
All my investments dated Oct 2018 and later are stuck at full rate range (the highest is 50% queued). Overall cash drag is 13.3%. Earlier investments are doing OK so far. There are two options a) do nothing and rely on projected improvement in June, b) withdraw these investments and put them elsewhere. I've settled on option "a" - there's nowhere else I'd like to increase my holding at the moment. I'm pretty sure I'll be doing the same.... but I'd expect just a tiny sign of movement after the email announcement implied that things were all fixed now, technically. I had been about to invest more highly here, after running it for a little while, so excuse frustration with current situ. I wouldn't expect any movement right now.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on May 16, 2019 10:24:22 GMT
Hmm; slow lending is one thing, but I've now got 33% of my investments in the "Queue". I'm beginning to lose faith in this platform
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Post by sayyestocress on May 16, 2019 11:52:59 GMT
Hmm; slow lending is one thing, but I've now got 33% of my investments in the "Queue". I'm beginning to lose faith in this platform Or conversely too many lenders have lots of faith in the platform for there not to be enough borrower demand to go round
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Post by wolfbag2 on May 16, 2019 19:04:26 GMT
Using the Statistics tab - seems to have been stuck at 2.7million accumulative lent for some time now - I've had nothing lent for about 45 days now and the last 20 days or so had one offer on 5%+ which seems to have made absolutely no difference !
I currently lend out on a number of different platforms - many of which I am now reducing my exposure as I am not sure where the P2P model is actually going - my experience seeming to be that they all seem to share a similar story of decent lending drying up somewhat
For reference I have about 40% funds currently unlent but have been somewhat encouraged that Welendus have put out that communication along the lines that lending is likely to pick up imminently
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Post by df on May 16, 2019 19:54:08 GMT
Using the Statistics tab - seems to have been stuck at 2.7million accumulative lent for some time now - I've had nothing lent for about 45 days now and the last 20 days or so had one offer on 5%+ which seems to have made absolutely no difference !
I currently lend out on a number of different platforms - many of which I am now reducing my exposure as I am not sure where the P2P model is actually going - my experience seeming to be that they all seem to share a similar story of decent lending drying up somewhat
For reference I have about 40% funds currently unlent but have been somewhat encouraged that Welendus have put out that communication along the lines that lending is likely to pick up imminently
In my observation p2p industry is rapidly changing. Some models are fading out and other replacing them. WLU's lending slow down is not on my "big worry" list. It happened before and hopefully will get back to normal again soon... My worries are in platforms where I have funds locked in failed loans with very little prospect of prosperous recoveries (i.e. expecting high volume of crystallised losses in near future).
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nick
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Post by nick on May 17, 2019 15:32:06 GMT
I'm now up to 32% cash drag over all my investments . Annoyingly we are unable to withdrawal cash from each investment without a complete sell down. I can only assume this is purposely designed to help retain funds on the platform.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on May 24, 2019 8:06:48 GMT
Hi brother now 100% frozen since February. New FISA frozen since 1 may. ....?.....
This is beyond ridiculous.
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benaj
Member of DD Central
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Post by benaj on May 24, 2019 9:34:56 GMT
Hi brother now 100% frozen since February. New FISA frozen since 1 may. ....?..... This is beyond ridiculous. This is a test for patient investors. I hope we will see some improvement soon.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on May 26, 2019 11:07:19 GMT
Hi brother now 100% frozen since February. New FISA frozen since 1 may. ....?..... This is beyond ridiculous. This is a test for patient investors. I hope we will see some improvement soon. Well I'm afraid I've lost mine. Just pulled out half of my investments, not that it's going to make a major dent in the queue
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nyneil
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Post by nyneil on May 26, 2019 12:14:33 GMT
I've also pulled out another 1/3 of mine, so only 1/3 remaining. The big question is - is it too risky to leave ANY funds in? I'm wondering if it's more about demise than delay.
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