qwakuk
Member of DD Central
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Post by qwakuk on Aug 4, 2021 13:09:44 GMT
Today's CP loan (W*nsf*rd) was stated as being funded by autoinvest only. I only got £40 in each of the accounts I manage despite my Maximum Pledge Size being very different across the accounts. It represented less than 1% of my MPS in one of the accounts. So, it looks like all retail investors probably got a flat £40. Did anyone get a different amount? There were 2064 lenders, so, at £40 each that would only amount to £82,560. My guess is that the other £97,440 (or more likely £100k) went to the recent large institutional lender. It's obviously CP's prerogative to decide how to run their business, and therefore how to satisfy each lender class. However, it would be good if they were more open about how much of each loan will be available to us retail lenders so that we can make informed decisions as to the amount of funds we wish to allocate to the platform. Tagging CrowdProperty Representative for comment. Only got £40
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 4, 2021 13:42:51 GMT
Today's CP loan (W*nsf*rd) was stated as being funded by autoinvest only. I only got £40 in each of the accounts I manage despite my Maximum Pledge Size being very different across the accounts. It represented less than 1% of my MPS in one of the accounts. So, it looks like all retail investors probably got a flat £40. Did anyone get a different amount? There were 2064 lenders, so, at £40 each that would only amount to £82,560. My guess is that the other £97,440 (or more likely £100k) went to the recent large institutional lender. It's obviously CP's prerogative to decide how to run their business, and therefore how to satisfy each lender class. However, it would be good if they were more open about how much of each loan will be available to us retail lenders so that we can make informed decisions as to the amount of funds we wish to allocate to the platform. Tagging CrowdProperty Representative for comment. Yup............£40 here too.
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Post by multiaccountmanager on Aug 4, 2021 15:05:28 GMT
On 3 different accounts
41.41 44.1 71.1
All at 0.552% of Max Pledge
I am guessing £40 was the minimum allocation (usually £50)
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easylender
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Post by easylender on Aug 4, 2021 16:51:44 GMT
I got £55.22 with a £10,000 autoinvest pledge limit.
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Post by overthehill on Aug 4, 2021 20:09:58 GMT
Where can you see the loan start date before the loan goes live because they are really starting to irritate me.
Did anyone notice if the loan start date for Beckenham was always the 17th August, 17th August, 17th August or has it been changed since the loan went live ?
There is something far wrong when CP of all people have loan start dates so far in the future, the fricking loans fill in minutes, .
I don't think it's possible to see the expected start date before pledging. CP have stated before that if we want to avoid initial cash drag we should avoid phase 1 loans as there's often some unexpected hitch that holds things up at the start of the initial phase. So, a 3 week delay at the start of this phase 2 loan does seem odd/unusual. I see CP are monitoring this forum closely. The 2 loans tomorrow have 'a start date' at the bottom of the text. As it should, given the variation, albeit not written in stone.
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Post by overthehill on Aug 5, 2021 10:27:24 GMT
Today's CP loan (W*nsf*rd) was stated as being funded by autoinvest only. I only got £40 in each of the accounts I manage despite my Maximum Pledge Size being very different across the accounts. It represented less than 1% of my MPS in one of the accounts. So, it looks like all retail investors probably got a flat £40. Did anyone get a different amount? There were 2064 lenders, so, at £40 each that would only amount to £82,560. My guess is that the other £97,440 (or more likely £100k) went to the recent large institutional lender. It's obviously CP's prerogative to decide how to run their business, and therefore how to satisfy each lender class. However, it would be good if they were more open about how much of each loan will be available to us retail lenders so that we can make informed decisions as to the amount of funds we wish to allocate to the platform. Tagging CrowdProperty Representative for comment.
Beginning of the end ? Thanks for the ride ? Hello Institution, goodbye Retail ?
Today's Somerset loan was funded at 10:00:01, physically impossible for anybody to lend manually. So did all you auto-investors get around £160 each, I doubt it?
It's going to get increasingly hard to stay fully invested as the previous loans are paid back now that the big boys are in town. It will require some ramping up of loans with all the usual traps.
Yet another P2P company 'persuading' investors down the autolend path but it might just be for the crumbs.
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Nomad
Member of DD Central
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Post by Nomad on Aug 5, 2021 10:55:02 GMT
Today's CP loan (W*nsf*rd) was stated as being funded by autoinvest only. I only got £40 in each of the accounts I manage despite my Maximum Pledge Size being very different across the accounts. It represented less than 1% of my MPS in one of the accounts. So, it looks like all retail investors probably got a flat £40. Did anyone get a different amount? There were 2064 lenders, so, at £40 each that would only amount to £82,560. My guess is that the other £97,440 (or more likely £100k) went to the recent large institutional lender. It's obviously CP's prerogative to decide how to run their business, and therefore how to satisfy each lender class. However, it would be good if they were more open about how much of each loan will be available to us retail lenders so that we can make informed decisions as to the amount of funds we wish to allocate to the platform. Tagging CrowdProperty Representative for comment.
Beginning of the end ? Thanks for the ride ? Hello Institution, goodbye Retail ?
Today's Somerset loan was funded at 10:00:01, physically impossible for anybody to lend manually. So did all you auto-investors get around £160 each, I doubt it?
It's going to get increasingly hard to stay fully invested as the previous loans are paid back now that the big boys are in town. It will require some ramping up of loans with all the usual traps.
Yet another P2P company 'persuading' investors down the autolend path but it might just be for the crumbs.
I got £154.71
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Post by multiaccountmanager on Aug 5, 2021 11:27:45 GMT
Beginning of the end ? Thanks for the ride ? Hello Institution, goodbye Retail ?
Today's Somerset loan was funded at 10:00:01, physically impossible for anybody to lend manually. So did all you auto-investors get around £160 each, I doubt it?
It's going to get increasingly hard to stay fully invested as the previous loans are paid back now that the big boys are in town. It will require some ramping up of loans with all the usual traps.
Yet another P2P company 'persuading' investors down the autolend path but it might just be for the crumbs.
I got £154.71 Overhill - Note this was a loan for Autoinvest only. 3 of my accounts had 193.36 205.92 331.97
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Post by overthehill on Aug 5, 2021 11:55:42 GMT
Overhill - Note this was a loan for Autoinvest only. 3 of my accounts had 193.36 205.92 331.97 Thanks. Interesting and perplexing. I didn't realise they funded whole loans with autoinvest, thought it was usually split, evidently that has changed.
I personally made 2 manual pledges on loans labelled as autoinvest last week.
Don't know what is it going on but I'll wager it has something to do with our new heavyweight investors. Time will tell.
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Post by Ace on Aug 5, 2021 12:05:19 GMT
I got 2.58% of my Maximum Pledge Size (MPS) on today's Somerset loan, and 4.14% MPS on today's London loan.
2 of the 3 CP accounts I'm managing are now fully invested, or more correctly fully pledged. The other is only one loan away from being fully pledged. Until now I've been able to keep all funds relent as they've repayed, but I've had to resort to quite a bit of manual lending to achieve it. This is likely to become more difficult from now on as so many of the recent loans are autoinvest only.
Hopefully CP can step things up to keep us all happy. My main worry is that more institutions will pile in, at which point we may be forced to start drawing down.
As things stand, I calculate that an average autolend of 3% of MPS on 13 loans per month would be sufficient to keep funds fully deployed (assuming an average loan length of 13 months and an MPS set to the maximum 20% of funds on platform). The occasional manual lend on larger loans would allow one to increase deployed funds.
CP are still one of my absolute favourite P2P platforms, and have been for a very long time now. They are currently my second largest in terms of funds deployed.
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eeyore
Member of DD Central
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Post by eeyore on Aug 5, 2021 12:08:23 GMT
.......
Today's Somerset loan was funded at 10:00:01, physically impossible for anybody to lend manually. ........
......
Are you too having difficulty spotting CP's "This loan is AutoInvest only"? I managed to get a slice of the Penzance loan last week with a manual pledge and was surprised when I received an email cancelling the manual pledge - I just couldn't see where CP had said AutoInvest-only - my brain must automatically ignore reversed-out text (white on a red background) in a banner header - I only found it when I did a string search through the whole text of the project announcement web-page! Note to CP: please put the AutoInvest-only text in the body of the project announcement, in black on white.
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firedog
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Post by firedog on Aug 5, 2021 12:10:49 GMT
Or even better disable the option to manually invest on Autoinvest only loans. Not that difficult.
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Post by overthehill on Aug 5, 2021 12:18:18 GMT
Overhill - Note this was a loan for Autoinvest only. 3 of my accounts had 193.36 205.92 331.97 Thanks. Interesting and perplexing. I didn't realise they funded whole loans with autoinvest, thought it was usually split, evidently that has changed.
I personally made 2 manual pledges on loans labelled as autoinvest last week.
Don't know what is it going on but I'll wager it has something to do with our new heavyweight investors. Time will tell.
I don't know if CP oblige by cancelling or adjusting autoinvest pledges as they do for manual pledges but another theory is that investors are changing their autoinvest max pledge to an unrealisticly high value knowing they will only get 3-5% allocated. This might be exposing a loophole/bug in CP's algorithms.
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Post by snowflake on Aug 7, 2021 10:35:13 GMT
I'm being allocated £50-£400 for each autoinvest loan despite a max pledge size of nearly 10k. I haven't added any cash for 2 years. Nearly a third uninvested and cash drag will keep increasing at this rate. Not happy and seeing others have same issue I think I'll transfer out most of the cash.
Where else are long time CP lenders in?
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Nomad
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Post by Nomad on Aug 7, 2021 10:53:17 GMT
I'm being allocated £50-£400 for each autoinvest loan despite a max pledge size of nearly 10k. I haven't added any cash for 2 years. Nearly a third uninvested and cash drag will keep increasing at this rate. Not happy and seeing others have same issue I think I'll transfer out most of the cash. Where else are long time CP lenders in? Capital Rise.
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