Are ALL today’s updates the same borrower.

Good that you are trying hard to reduce your exposure to individual loans. As I previously said I maintain slightly higher overall returns by not holding much for very long. Every loan I have is for sale 24/7. Rarely would it be at -1% unless I want to reduce a holding.

I do buy small amounts at Higher APR’s at the end. But only in loans I think are reasonable. I don’t get fixated as some do on the loans being late. If they are 24mths late I write them of mentally until then I don’t bother. My current oldest loan is about £500 in Whitehaven which is just coming up to 24months . I wrote that off months ago.

 Nothing else is nearing it’s 2 year timeframe. Even then the actual losses are rarely above 40% of sum invested.

If overall I make a profit I’m happy. Currently overall even with S&S dropping 15% (now returning nearly to profit) I have a nice profit.

Unless you rely on regular returns then taking a long term view usually turns out fine in the end.

Beating the Bank and avoiding the tax man leads to contentment. 

I have some money in about 300 of the current 2600+ active loans. 30 in default. Still quite happy with risk/reward ratio at the moment. There is always room for quicker/Bigger recoveries.

“I don’t get fixated as some do on the loans being late. If they are 24mths late I write them of mentally until then I don’t bother.”

Hmm, sounds a recipe for self delusion and disaster for me.

Fine if you want to employ this tactic yourself, but please don’t tell others you are ‘making’ 16% and advertise yourself as some sort of sage. Booking profits up front and letting loss making assets sit on the balance sheet at full purchase price has long been the trusted recipe of black holes appearing in accounts.

The 1% is not what is held just used to trade. Traunches count as one loan and if held cumulatively add up to max of 1% Currently by searching Active on all loans Shows 446. Uncompleaded Loans I count as active as the will probably give some return. Only 1 of those is near my 24month limit before adding to minus column.

Taking the loans you have held that paid back what is your ROI. Actual payments and losses not any predictions. Thanks

Over the 12 months I've been here 90 loans have paid back/been sold. XIRR function on the cashflows in and out of these loans (and so not taking account of time awaiting re-investment) produces 13.3% (compound annualised).

I have two Unredeemed loans which, with 100% loss, would cut me down to 4.5% but I am confident that won't arise and I expect eventually to fall somewhere between the two extremes. I am not unhappy with my FS returns but I'm concerned about the current loan flow. I always seem to have cash on hand for which I can't find a home that passes muster.

60% cash drag on Welendus certainly affect my brother’s return. You are correct loss on interest on interest bought does reduce the highest returns over time but never a huge amount. My point was to show losses currently actual completed loan loans is not that high and returns are usually twice at least that of most P2P 5-8% actual returns all are compounded so monthly paying platforms have slight advantage but the ability to get rid of tax liabilities on FS far outweighs others and you can actually compound on a daily basis when SM is a bit more active.