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Post by Ace on Mar 7, 2019 0:43:40 GMT
As a new investor I had cleared funds at the start of the week and 7 investments created. A single £10 loan is all I have been allocated so far. Any idea how long is it likely to take to get these funds invested? At the current rate it could take months, and if that is the case I will need to withdraw and find a new home for the money. Sorry hantsowl, but I don't think it's possible for anyone to answer your question, not even Welendus. If they do understand their own allocation algorithm they're not willing to share it. I agree with df that it does seem to favour earlier investments over later ones, which I feel is fairly reasonable. Quite a few platforms of this type reward longer term, loyal, investors with lower cash drag on reinvestments. Unfortunately, beyond that things are a complete mystery. I've picked up a 14.5% and a 15% loan today in one investment, but nothing in another that has a wider rate range and higher uninvested cash balance even though both investments were created at the same time (actually one day apart 7 months ago). The only comfort I can offer is that my returns have been ok so far, and have generally gotten better over time. For the record, my 7 month old investments have an average XIRR of 12.75% including Additional Earnings; 8.30% without. My 3 month old investments are averaging an XIRR of 8.39% with AE; 4.74% without. My uninvested cash balance is 10.3% for the 7 month old investments, and 27.3% for the 3 month old investments (23.9% weighted average as newer investment is 4 times as big as older investment). Note that uninvested cash was virtually zero a few weeks back. Of course this might be fairly cold comfort if, as I suspect, lender funds are currently growing at a faster rate than new borrowers require. Which could well be compounded when the new ISA season arrives!
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Post by sayyestocress on Mar 7, 2019 8:44:07 GMT
As a new investor I had cleared funds at the start of the week and 7 investments created. A single £10 loan is all I have been allocated so far. Any idea how long is it likely to take to get these funds invested? At the current rate it could take months, and if that is the case I will need to withdraw and find a new home for the money. I wouldn't be too concerned if I were you; we're not too far away from the typical payday (generally at or towards the end of each month) for there to be high demand from the type of borrower WL services. I'm fairly confident your rate of allocation will speed up unless you've offered all your money at the highest rates; lower rates will get you lent out quicker. I think it's important for us all to remember that this is a small and young start up that's very much in it's growth phase. It's unlikely to be perfect and we've certainly had more communication from them compared to other bigger, more established P2P companies on this forum.
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Ukmikk
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Post by Ukmikk on Mar 7, 2019 9:07:28 GMT
As Ace has said, we know that older investments are allocated ahead of newer ones. Brand new investments used to get allocated ahead of everything else but I suspect the recent change was to switch that off which is why you are now waiting to get your new deposits lent out. I also suspect (sorry about all the guesswork) another factor is how well an investment is performing to date, ie. Based on returns so far. Therefore a good performing investment is held back in favour of poorer performing ones in an effort to balance them all out over time. This has not been confirmed by the platform.
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hantsowl
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Post by hantsowl on Mar 7, 2019 9:12:33 GMT
As a new investor I had cleared funds at the start of the week and 7 investments created. A single £10 loan is all I have been allocated so far. Any idea how long is it likely to take to get these funds invested? At the current rate it could take months, and if that is the case I will need to withdraw and find a new home for the money. I wouldn't be too concerned if I were you; we're not too far away from the typical payday (generally at or towards the end of each month) for there to be high demand from the type of borrower WL services. I'm fairly confident your rate of allocation will speed up unless you've offered all your money at the highest rates; lower rates will get you lent out quicker. I think it's important for us all to remember that this is a small and young start up that's very much in it's growth phase. It's unlikely to be perfect and we've certainly had more communication from them compared to other bigger, more established P2P companies on this forum. I have set 7 investments ranging from 8-15, 9-15, ...13.5-15. My £10 loan is at 8.5%, so had to go into the 8-15 investment. I had another £4.80 lent this morning at 13% which was allocated to my 12-15 investment, so i suppose things are moving slowly but surely.
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benaj
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Post by benaj on Mar 7, 2019 10:18:25 GMT
Well, there are some loans activities but the demand is not at peak yet. My unallocated cash remains at 11%, but the highest unallocated per investment is now 52%.
Talking about the performance, my current XIRR is slightly better than previous month Feb, I need more time to understand the performance overall.
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hantsowl
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Post by hantsowl on Mar 8, 2019 11:09:40 GMT
Well, that wasn’t too bad at all. Fully invested within 5 days.
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Ukmikk
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Post by Ukmikk on Mar 8, 2019 12:15:37 GMT
Well, that wasn’t too bad at all. Fully invested within 5 days. OK, looks like new investments are being prioritised after all, strike my previous comment! I remain at 27% queued funds, and am beginning to feel like I've been placed on some sort of blacklist!
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hantsowl
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Post by hantsowl on Mar 8, 2019 12:48:32 GMT
Well, that wasn’t too bad at all. Fully invested within 5 days. OK, looks like new investments are being prioritised after all, strike my previous comment! I remain at 27% queued funds, and am beginning to feel like I've been placed on some sort of blacklist! I don't know if this is relevant, but over the last couple of days I have been adjusting the range of all 7 investments because I was finding some loans appearing in all of them. I also reduced diversity in each down to the £10 minimum. Maybe by making these changes it causes a 'reset' in the investment which causes it to burst back into life.
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Post by df on Mar 8, 2019 13:15:16 GMT
I'm down to 0.9% of uninvested queue. To break it down - one of my 26 investments has 20% of unlent money, the rest are just pennies across many other investments. One of investments I had to push as low as 5% and it was gone this morning (at 13.5%). I've also increased an exposure for some of them to 20% in order to speed up the process.
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Ukmikk
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Post by Ukmikk on Mar 8, 2019 13:40:17 GMT
OK, looks like new investments are being prioritised after all, strike my previous comment! I remain at 27% queued funds, and am beginning to feel like I've been placed on some sort of blacklist! I don't know if this is relevant, but over the last couple of days I have been adjusting the range of all 7 investments because I was finding some loans appearing in all of them. I also reduced diversity in each down to the £10 minimum. Maybe by making these changes it causes a 'reset' in the investment which causes it to burst back into life. I and others have tried that but found it made no difference, although I've never adjusted to below 9%. I have been told by the platform adjusting interest range would not cause any sort of reset.
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benaj
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Post by benaj on Mar 8, 2019 14:11:00 GMT
I don't use the WLU default settings. I am happy to leave them at Z3 range. I see lot's of different activities today. Borrowers repaying to keep PF up, new borrowers, and a bit of loan extensions.
Now I come to an conclusion that some of my investments are cycle-sensitive, unlikely to get new loans until there is a high demand. In those cycle-sensitive investments, there are clear gaps between live loans, ranging from 21 days to 30 days.
Overall, unallocated cash drops to 5%, highest per investment is 33%, 4 out of 8 of my investments fully lent out.
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Post by Ace on Mar 8, 2019 15:42:30 GMT
It certainly looks like an investment age issue.
My 7 month old investments are now fully lent out.
My 3 months old investments have an average of 27.3% unallocated cash, with no new loans for 2 weeks.
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Post by df on Mar 8, 2019 20:31:48 GMT
It certainly looks like an investment age issue. My 7 month old investments are now fully lent out. My 3 months old investments have an average of 27.3% unallocated cash, with no new loans for 2 weeks. I should probably shut up , but at this minute my cash drag is 0.18%. The last one went at 13.5% when I lowered the rate to 8.5% earlier today. This is one of the newest investments (15/01/19).
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dh1
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Post by dh1 on Mar 10, 2019 16:24:39 GMT
My cash drag is now about 0.21%. The drag "blip" lasted from 28th February 08:00 +/- until 9th March at 15:00 +/-. I did not make any adjustments to investing criteria, etc during this time.
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benaj
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Post by benaj on Mar 11, 2019 11:08:02 GMT
Unlike others, my cash drag remains 3%. 3 investments have money stuck no matter what. highest allocation is 24%.
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