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Post by overthehill on Jan 2, 2024 18:47:14 GMT
After reading the whole report my feedback is LandlordInvest not Landlord Invest !
Rather pointless in a way but I wonder if your data can show how much each P2P platform has contributed to your overall XIRR figure. i.e. an individual XIRR of 10% x 25k contributes more than an XIRR of 20% x 1k.
"Landlordinvest" duly noted and corrected. I address the topic of how much of my portfolio is assigned to each platform in my Start of Second Quarter update to these performance reports. The most recent is here. I feel that these reports are already too big and rambling for most, so I address different aspects of my portfolio at the various quarterly updates. Of course, the precise proportion of allocations to each platform varies daily as loans repay, profits are reinvested, cash is withdrawn or added. And I also adjust the desired platform allocations as platforms fall in and out of favour.
I assume your overall XIRR figure isn't an average of all the individual XIRR figures but rather based on every deposit and withdrawal of every platform !
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Post by Ace on Jan 2, 2024 19:00:40 GMT
"Landlordinvest" duly noted and corrected. I address the topic of how much of my portfolio is assigned to each platform in my Start of Second Quarter update to these performance reports. The most recent is here. I feel that these reports are already too big and rambling for most, so I address different aspects of my portfolio at the various quarterly updates. Of course, the precise proportion of allocations to each platform varies daily as loans repay, profits are reinvested, cash is withdrawn or added. And I also adjust the desired platform allocations as platforms fall in and out of favour.
I assume your overall XIRR figure isn't an average of all the individual XIRR figures but rather based on every deposit and withdrawal ! Yes, it's a true XIRR of the whole portfolio. I started with a capital weighted average of the individual platform XIRRs, but that soon became a poor measure of true performance. As I exited platforms the capital element became zero, so any profit or loss from that platform would have been ignored. The combined XIRR spreadsheet now runs to over 1,700 deposits and withdrawals.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Jan 2, 2024 19:12:18 GMT
Ace can you estimate how much time you spend managing your p2p portfolio? That's a tricky one to nail. I probably spend a similar amount of time on P2P (P'ing about, as my other half refers to it) as I used to spend on a full-time job. That includes managing portfolios for a few friends and family as well. In truth I don't need to spend anywhere near that amount of time on it. I could probably cut it down to around 1 day per month if I got a life had to. There are many platforms with autolend features where I could just leave them to themselves (Loanpad, CrowdProperty, Unbolted, ElfinMarket... to name a few that instantly spring to mind). I would still want to login occasionally to check on them, but wouldn't really need to. The others would need a bit of time to reallocate repayments to new loans. Similarly, I spend time I really don't need to fiddling with and looking at P2P stuff that could just look after itself. Not to mention looking on the forum to make sure I haven't missed anything!
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Post by df on Jan 2, 2024 22:41:03 GMT
Here is mine. I only include 2023. The ones crystallised before 2023 were profitable with the exception of BondMason (-025%). Platform | XIRR | Notes | Ablrate | 10.99% | No repayments for me since the the wind down announcement. Not much hope for any repayments from administration for the same failed loans, but there might be some surprises, you never know. In worst case scenario my XIRR will be -5.08% | Assetz Capital | 6.26% | Got rid of all "unrecoverables" to get a more realistic picture. Most funds are in MLA, small amounts are stuck in Green and GreatMKI, nothing in AAs. Returns are coming in and I withdraw weekly. If I change my remaining capital to zero now, my XIRR will be 3.06%, but I'm sure it won't be as low as this when crystallised.
| Collateral | 1.63% | Had 1 repayment so far. If no other repayments come the XIRR will be -34.23%. In terms of the actual sum lost it looks like Col will be the most significant failure in my p2p adventure. | Elfin Market | 7.06% | Not depositing new money, just reinvesting matured investments. I used to adhere to 6 months, now reinvesting to 1 and 2 years. I don't have any particular concern with EM, but don't wan't to increase whilst FSCS providers offer similar rate. | Funding Circle | 4.26% | Probably shouldn't include this because I think it was crystallised after last repayment in November, but I'm not sure if this was the very last repayment. | FundingSecure | 2.23% | Used to be my main platform at some point. My remaining loan book is very thin. Hardly any chance for more recoveries. If no more recoveries my XIRR will be 0.26%. | Huddle Capital | 12.70% | The dark horse. The worst case scenario for me will be 8.93%. | Kuflink | 6.8% | Stopped investing new money since they introduced £500 minimum. I don't see any signs of collapse there and assume that at the time of my full exit I will be in a similar XIRR position as I am now. | Lending Crowd | 8.24% | On my page it says - actual rate of return is 8.47% and expected return is 5.5%. Don't know how they calculate it, but if I have no more repayments my XIRR will be 7.52%. Very happy with how my funds performed on LC. | Lendy (former Saving Stream) | 5.96% | Not expecting much further returns from administration. If no more returns my XIRR will be -4.86%. | Loanpad | 5.33% | My balance is £0 since 3rd Apr 2023. The reason of withdrawal was the FSCS products offering the same or even better rates with no risk attached. Now the trend is changing, so I might jump back in again if LP maintains the gap that's worth the risk. | LendingWorks | 5.3% | Hardly anything left there, so I don't expect any change in my LW XIRR when crystallised. | MoneyThing | 8.84% | The scaly animal is the only one who is paying interest. Everything else in my portfolio looks dead. The worst case scenario is -0.56%. If the animal repays the capital my XIRR will be slightly above zero. | Qardus | 12.03% | Apart from the failure of "selling dead animals' body parts" business the loan book seems to be doing ok. Don't know what the outcome will be, but so far I'm not expecting negative interest from Q. | RebuildingSociety | 13.12% | Despite high number of defaults my XIRR is constantly growing. Ability to quickly sell your loan parts at premium is also comforting. Never ever had problem with shaving off any surplus on Rebs, but have no desire to exit this platform. | Unbolted | 8.42% | In the past 5 months my investment has significantly reduced, but it's due to reduced allocation - not because I want to exit the platform. |
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benaj
Member of DD Central
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Post by benaj on Jan 3, 2024 7:03:40 GMT
I didn’t carry on recording XIRR for my active platforms this year. However I am happy to report my UK experience
Loanpad: Solid performance, £££££ investment EasyMoney: Solid performance, £££££ investment LendInvest: Solid performance despite one capital shortfall ££££ investment
Lendingcrowd: Winding down, but solid performance Elfin Market: testing. Lendwise: testing
I am tempted to lend more in the coming tax year, possibly returning to other platforms I used to lend.
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Post by Ace on Apr 2, 2024 18:33:08 GMT
Here's an end of first quarter update on how my portfolio is performing: The headline is that it's been a decent quarterly performance with my whole portfolio XIRR rising a bit from 6.69% to 6.75%.
The majority of platforms have continued to perform well. I'd pick AxiaFunder out as my top performer this quarter with a large increase in its XIRR from 5.25% to 7.89%. It might not sound like much of an increase, but for my largest platform that's been going for over 5 years, to rise that much in a quarter is quite meteoric. This was due to a large profit on several tranches of a single commercial case, and an increase in the number of repayment tranches from the HDR portfolio cases (7 this quarter). On the negative side, BO continues to greatly disappoint. One total loss was declared during the quarter, and another was declared today, too late to be included in this quarter's figures. That makes my only 2 projects to conclude there 100% capital losses, with the other 7 all late or very late and mostly in severe difficulties. My dead loans on ABLrate continue to act as a drag on returns, with large losses very likely to follow. There has been no change to the mix of platforms that make up my portfolio during the quarter.
The constitution of my portfolio in order of funds deployed is currently: Rank | Last year | Platform | % of pot | XIRR | Comment | 1 | 1 | AxiaFunder
| 16.93 | 7.89% | Still adding. I particularly like the portfolio loans here. | 2 | 3 | CrowdProperty | 10.95 | 4.85%
| Adding to my much larger ISA account, but withdrawing from Standard. | 3 | 2 | ABLrate | 10.72 | 6.89% | In administration. Large losses to come. A big regret. | 4 | 4 | Shojin | 10.04 | 4.12% | Waiting to see how current projects conclude before adding more. | 5 | 8 | CapitalStackers | 7.99 | -1.16% | Adding. Negative return due to purchase of accrued interest on the SM. | 6 | 6 | HNW Lending
| 6.12 | 7.14% | Maintaining. I would add more if it wasn't for the £5k/£10k minimums. | 7 | 5 | Qardus
| 5.89 | 17.67% | Reducing due to halving of rates, but an excellent return while rates were high. | 8 | 7 | Proplend | 5.43 | 8.10% | Increasing when possible. | 9 | 10 | Unbolted | 4.11 | 8.90% | Slowly adding when possible. | 10 | 11 | CapitalRise | 3.56 | 6.43% | Will increase when new ISA freedoms come in. | 11 | 12 | BrickOwner | 3.17 | 0.02% | A big regret. Losses to come. | 12 | 13 | Crowdstacker | 2.91 | 4.55% | Will move from Standard to ISA and increase when new ISA freedoms come in. | 13 | 8 | Loanpad | 1.77 | 5.92% | I've removed funds to fund ISAs, but will add more very soon. | 14 | 15 | LandlordInvest
| 1.73 | 11.73% | Would add, but too few loans to deploy funds. Excellent performer. | 15 | 14 | Blend | 1.69 | 3.11% | Running down. Would return if there was an ISA. | 16 | 16 | Kuflink
| 1.56 | 12.71% | Withdrawing from Standard account, but will probably increase ISA account.
| 17 | 18 | SoMo | 1.04 | 10.53% | Will probably increase substantially as performance is very good. | 18 | 19 | PropertyPartner | 0.86 | 7.87% | Reducing. | 19 | 21 | AssetzExchange
| 0.73 | 10.21% | Maintaining. Might be tempted to add some minor ISA funds.
| 20 | 20 | AssetzCapital
| 0.70 | 8.74% | In wind-down. | 21 | 22 | Uown | 0.53 | 7.71% | Exceptionally low volume. | 22 | 25 | ElfinMarket | 0.48 | 8.95% | Will move from Standard to ISA and increase when new ISA freedoms come in.
| 23 | 23 | Moneything | 0.44 | 5.85% | Reducing. In administration. Minor losses likely. | 24 | 24 | OnStep | 0.42 | 3.18% | Single loan, now in wind-down. | 25 | 17 | CPCapital | 0.21 | 12.01% | Will increase when new ISA freedoms come in. | 26 | 27 | Lendy | 0.01 | 2.25% | In administration. Very minor losses likely. |
All other platforms have been fully exited, i.e. Mintos, RateSetter, Zopa, GrowthStreeet, Robocash, Welendus, BritishPearl, ConnectiveLending, Grupeer, LendingWorks and FundingCircle. The fastest riser for the second year in a row has been CapitalStackers as they were my choice for this year's IFISA. Some of their projects are having problems, like all development loan platforms, but the info provided is second to none. The platform's directors and family have skin in the game, so will suffer if loans do go bad. So far it looks like just platform fees and underwriters will suffer. I've bought some loan parts on the SM, so have paid accrued interest to the sellers. Since I don't include accrued interest in my profit figures until it's paid, i'm currently showing a negative XIRR. I've had 1 loan almost fully repaid so far, which had a healthy profit. The fastest fallers are CPCapital and Qardus. My CPCapital loans performed very well with a healthy profit, but I only invest in my ISA and I haven't had sufficient funds available when the few new loans were live. So, my exposure has reduced. Hopefully, the new ISA freedoms will allow me to get in on more loans in the coming year. I've greatly reduced the amount I invest in each new Qardus loan since they effectively halved the returns to lenders. I'm having to withdraw funds as there aren't sufficient new loans to keep the repayments deployed. Loanpad has also dropped down the list, but this is because I've temporarily withdrawn the funds from my Standard Account there to replace some flexible ISA withdrawals elsewhere. I expect to replace the withdrawn funds from Loanpad soon, and may well add to it (see later). The end of first quarter is when I focus on my late loan situation. I maintain a list of all of my non-amortising loans where I have an exposure of £500 or more. They account for 60% of my total portfolio. (Last year's figures are given in brackets for comparison). There are currently 158 (138) entries, with 72 (34) of them overdue, 51.38% (21.31%) by value. These statistics on lateness have all worsened greatly this year. This is partly due to the increase in the number and size of these loans, but there is definitely a significant deterioration in late loans across all property secured platforms. I expected these statistics to remain flatter this year, but was clearly very wrong. The ability for borrowers to refinance on completed projects is clearly a major driver. I would expect this to improve as interest rates reduce. The number of overdue loans by platform are (with value as the secondary sort criteria): Platform | Number overdue | Rank by longest overdue | Most Months Late | CrowdProperty
| 20 | 6 | 35 | ABLrate
| 8 | 4 | 38 | BrickOwner | 8 | 1 | 57 | CrowdStacker
| 7 | 5 | 35 | LandlordInvest
| 6 | 12 | 12 | CapitalStackers | 4 | 14 | 8 | AssetzCapital | 4 | 2 | 50 | Shojin | 3 | 15 | 7 | HNW Lending | 3 | 10 | 13 | Blend | 3 | 13 | 10 | SoMo | 1 | 11 | 12 | Proplend | 1 | 7 | 24 | CPCapital | 1 | 9 | 15 | MoneyThing | 1 | 3 | 47 | Kuflink | 1 | 8 | 22 | Uown | 1 | 16 | 6 |
Of the above, BO is by far the worst culprit, as mentioned earlier. In all likelihood ABLrate will turn out to be the worst, but many of its loans weren't in the list due to them supposed to being amortising. Next, CP stands out as having the highest proportion of loans that run late, but at least they do pay an extra 2% during the late period. Kuflink looks much better than last year, but this is due to the fact that I have hardly any loans there of £500+, so they won't be in the list. Of course, overdue loans are an expected hazzard in the world of property development, so not necessarily anything to worry about in itself. Of the above loans, only those on AC, ABL, BO, MT, CrS and 1 of the loans on CP, S and PL are in the "likely loss" category. In any case, some losses should be expected. Investors are being paid a premium for a risk. If there was no risk then there would be no premium. Judging which platforms can keep the losses to an acceptably small proportion of the expected profits is a major part of P2P platform DD. I'm expecting a sizeable lump of cash from a pension fund that I'm going to start to draw imminently. So, I'll probably increase my P2P portfolio this year. I'll be making maximum use of the new ability to add ISA funds to multiple P2P platforms. My target platforms for these funds in order of most likely will be: EM, CPC, PL, CR, CrS, UB, K. I'll keep ISA funds in LP ISA while I'm waiting for suitable loans. I'm also intending to add non-ISA funds to LP, SoMo, AF and HNW. I'll follow this post with analysis of loans over a year late and how many loans that were late last year subsequently repaid. I look forward to hearing how others are doing.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Apr 2, 2024 20:01:37 GMT
Surprised you haven't dipped a toe in Elfin Market, seems to be going well and a slightly different prospect.
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Post by Ace on Apr 2, 2024 20:16:34 GMT
Surprised you haven't dipped a toe in Elfin Market, seems to be going well and a slightly different prospect. I have. Quite a small toe at the moment, but I'm intending to put some ISA funds their way in the new ISA season.
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Post by Ace on Apr 3, 2024 15:52:26 GMT
Following on from my quarterly update, here's my analysis of the loans over 12 months late: 7 of the 34 loans that were overdue last year have subsequently repaid (9 late loans repaid the year before). Here's a breakdown of the 27 loans that are now over 1 year late, with my best guess as to how many will result in capital losses. 2nd column is the number of loans more than 1 year late. 3rd column is the number of those loans where I expect some capital loss. 4th column is the percentage of outstanding capital I have in that platform that is in loans greater than 1 year late. Platform | # > 12 months late | # where losses expected | % of platform capital | CrowdProperty
| 8 | 1 | 28% | AssetzCapital | 4 | 4 | 97% | ABLrate | 4 | 4+++ | 14% | BrickOwner | 4 | 3 | 65% | MoneyThing | 1 | 1 | 39% | Proplend
| 1 | 1 | 5% | CrowdStacker | 1 | 1 | 3% | CPCapital | 1 | 0 | 100% (my only loan) | SoMo | 1 | 0 | 100% (my only loan)
| HNW Lender | 1 | 0 | 17% | Kuflink | 1 | 0 | 9% |
Overall 16.6% of my monitored loans across all platforms are more than 12 months overdue. This currently represents 42.5% of my net P2P profits. Over the 61 73 months that I've been measuring my monthly net returns, only 1 of those months returned a net loss, and that loss was less than an average month's net profit. Edit: I miscounted the number of months I've been in P2P, now corrected.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 7, 2024 23:47:53 GMT
Performance report for the financial year plus my full P2P history. Improved returns on performing platforms as rates have moved upwards but potential losses has increased with collapse of Abl etc. Expect to reduce overall investment levels this year with exits from several platforms but will also shift funds towards ISA accounts under new rules Platform |
| XIRR 2023-24 | Lifetime XIRR |
| Ablrate |
| 0.5% | 5.71 | Administration ... probably break even but will depend on how much goes on fees from performing loans | Abundance |
| NA | 1.46% | Cheeky use of a cash ISA facility | Assetz Capital
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| 6.21% | 10.05% | Winddown, entirely MLA, fee has impacted returns but only moderately | Assetz Capital ISA |
| 1.78% | 2.79% | Winddown, majority AA hence lower return and more significant impact of fee. | Assetz Exchange |
| 3.36% | 4.92% | Transferring funds to ISA as repayments made ... prices recovered slightly on SM moving overall returns positive for the year. 5.48% when stripped out | Assetz Exchange ISA |
| 9.64% | 9.64% | New last year. Benefited from boost in rates and corresponding price appreciation on SM. 5.6% return when this is stripped out. Transferring AC funds here until fee introduced, then will look to move cash from standard to ISA | Brickowner |
| -8.18% | -0.1% | Turning into disaster as several projects written off in full. Modest exposure means losses not too bad | Collateral |
| NA | -28.43 | Defunct - the saga continues. Will take large loss. Biggest P2P disaster ... written all loans down to zero though may be some returns still | Connective |
| NA | 13.42% | Exited - a favourite | Crowdstacker |
| 9.08% | 6.78% | Solid performing now returns coming through and more monthly paying loans ... investing in new loans as arise | Crowd with Us |
| 1.43% | 1.43% | New this year ... not many loans ... interest at term so returns distorted | Easymoney |
| 3.88% | 4.16% | Benefitted from improving rates ... lack of diversification still an issue ... perks boost rate to 10%+. Holding investment but will review when perks end this year | Elfin Market |
| 8.22% | 6.96% | Moved to longer term loans with corresponding improvement in returns ... will shift funds to ISA as loans mature and move funds from exiting platforms | Fruitful |
| NA | 5.55% | Shut - decent platform | Fund Ourselves |
| 17.69% | 13.89% | Shambles of a platform ... plug pulled on reinvestment so will exit as book winds down | Funding Circle |
| NA | 4.42% | Exited when pivoted to auto portfolios, still getting odd payouts on defaults | Funding Knight |
| NA | 6.66% | Shut | Funding Secure |
| NA | 8.98% | Defunct - managed to exit before the hit the fan so decent return overall. Two legacy loans buried in legals written off | Huddle |
| NA | 28.72% | Exited - massive incentive inflating returns | Invest & Fund |
| 3.1% | 2.55% | Solid if unspectacular. Loan flow is low so a struggle to stay invested with decent diversification. Return low due to interest due at term. Holding level | Kuflink |
| 6.89% | 6.77% | Exiting ... increased minimum prevents proper diversification and too many questions about transparency | Landlordinvest ISA |
| 7.14% | 7.95% | Exiting due to high minimum ... return reduced by cash drag and last loan being in arrears | Leap Lending |
| NA | 2.17% | Excited - platform never got started before going institutional | Lendwise |
| 7.32% | 7.00% | Steady, just letting it run ... one default | Lendy |
| NA | 6.82% | Defunct - likely to be a loss once loans get written off | Loanpad |
| 6.12% | 5.46% | Largest platform ... holding steady but will probably reduce standard this year | Loanpad ISA |
| 6.35% | 5.91% | Maintaining level though may switch standard funds over in short term as a holding account | Moneything |
| 0.44% | 6.34% | Defunct - still one paying loan, will exit with a profit | Octopus Choice |
| NA | 4.32% | Exited | Onstep |
| 3.45% | 3.18% | Winddown - just keeps ticking ... slight benefit from compounding with interest on cash | Orchard Leading |
| NA | Infinite | Shut - Sign up bonus | Peer Funding |
| NA | 0% | Shut - Never invested | Peer Credit |
| NA | 0% | Shut - Never invested | Property Moose |
| NA | -0.91% | Just waiting for it to run its course and exit last loan. | Property Partner |
| -11.43/-12.04% | -.49/-1.87%% | Shambles, taken a massive turn for the worse due to a couple of properties taking significant devaluation. Some funds added into bonds | Ratesetter |
| NA | 4.5% | Shut - exited fairly early due to falling rates | Unbolted |
| 8.95% | 8.9% | Just keeps churning, some minor profit taken ... likely to transfer funds to ISA | Uown |
| 10.76% | 7.07% | Interest at term on most projects distorting returns, been good, would increase but for lack of projects | Wellesley |
| NA | 5.26% | Defunct - got out when changed strategy | Zopa |
| NA | 6.21% | Shut - exited fairly early as rates too low |
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Apr 8, 2024 9:08:07 GMT
Thanks ilmoro Do you have a portfolio total performance figure that you could share?
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Post by The Money Platform on Apr 12, 2024 11:27:23 GMT
Performance report for the financial year plus my full P2P history. Improved returns on performing platforms as rates have moved upwards but potential losses has increased with collapse of Abl etc. Expect to reduce overall investment levels this year with exits from several platforms but will also shift funds towards ISA accounts under new rules Platform |
| XIRR 2023-24 | Lifetime XIRR |
| Ablrate |
| 0.5% | 5.71 | Administration ... probably break even but will depend on how much goes on fees from performing loans | Abundance |
| NA | 1.46% | Cheeky use of a cash ISA facility | Assetz Capital
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| 6.21% | 10.05% | Winddown, entirely MLA, fee has impacted returns but only moderately | Assetz Capital ISA |
| 1.78% | 2.79% | Winddown, majority AA hence lower return and more significant impact of fee. | Assetz Exchange |
| 3.36% | 4.92% | Transferring funds to ISA as repayments made ... prices recovered slightly on SM moving overall returns positive for the year. 5.48% when stripped out | Assetz Exchange ISA |
| 9.64% | 9.64% | New last year. Benefited from boost in rates and corresponding price appreciation on SM. 5.6% return when this is stripped out. Transferring AC funds here until fee introduced, then will look to move cash from standard to ISA | Brickowner |
| -8.18% | -0.1% | Turning into disaster as several projects written off in full. Modest exposure means losses not too bad | Collateral |
| NA | -28.43 | Defunct - the saga continues. Will take large loss. Biggest P2P disaster ... written all loans down to zero though may be some returns still | Connective |
| NA | 13.42% | Exited - a favourite | Crowdstacker |
| 9.08% | 6.78% | Solid performing now returns coming through and more monthly paying loans ... investing in new loans as arise | Crowd with Us |
| 1.43% | 1.43% | New this year ... not many loans ... interest at term so returns distorted | Easymoney |
| 3.88% | 4.16% | Benefitted from improving rates ... lack of diversification still an issue ... perks boost rate to 10%+. Holding investment but will review when perks end this year | Elfin Market |
| 8.22% | 6.96% | Moved to longer term loans with corresponding improvement in returns ... will shift funds to ISA as loans mature and move funds from exiting platforms | Fruitful |
| NA | 5.55% | Shut - decent platform | Fund Ourselves |
| 17.69% | 13.89% | Shambles of a platform ... plug pulled on reinvestment so will exit as book winds down | Funding Circle |
| NA | 4.42% | Exited when pivoted to auto portfolios, still getting odd payouts on defaults | Funding Knight |
| NA | 6.66% | Shut | Funding Secure |
| NA | 8.98% | Defunct - managed to exit before the hit the fan so decent return overall. Two legacy loans buried in legals written off | Huddle |
| NA | 28.72% | Exited - massive incentive inflating returns | Invest & Fund |
| 3.1% | 2.55% | Solid if unspectacular. Loan flow is low so a struggle to stay invested with decent diversification. Return low due to interest due at term. Holding level | Kuflink |
| 6.89% | 6.77% | Exiting ... increased minimum prevents proper diversification and too many questions about transparency | Landlordinvest ISA |
| 7.14% | 7.95% | Exiting due to high minimum ... return reduced by cash drag and last loan being in arrears | Leap Lending |
| NA | 2.17% | Excited - platform never got started before going institutional | Lendwise |
| 7.32% | 7.00% | Steady, just letting it run ... one default | Lendy |
| NA | 6.82% | Defunct - likely to be a loss once loans get written off | Loanpad |
| 6.12% | 5.46% | Largest platform ... holding steady but will probably reduce standard this year | Loanpad ISA |
| 6.35% | 5.91% | Maintaining level though may switch standard funds over in short term as a holding account | Moneything |
| 0.44% | 6.34% | Defunct - still one paying loan, will exit with a profit | Octopus Choice |
| NA | 4.32% | Exited | Onstep |
| 3.45% | 3.18% | Winddown - just keeps ticking ... slight benefit from compounding with interest on cash | Orchard Leading |
| NA | Infinite | Shut - Sign up bonus | Peer Funding |
| NA | 0% | Shut - Never invested | Peer Credit |
| NA | 0% | Shut - Never invested | Property Moose |
| NA | -0.91% | Just waiting for it to run its course and exit last loan. | Property Partner |
| -11.43/-12.04% | -.49/-1.87%% | Shambles, taken a massive turn for the worse due to a couple of properties taking significant devaluation. Some funds added into bonds | Ratesetter |
| NA | 4.5% | Shut - exited fairly early due to falling rates | Unbolted |
| 8.95% | 8.9% | Just keeps churning, some minor profit taken ... likely to transfer funds to ISA | Uown |
| 10.76% | 7.07% | Interest at term on most projects distorting returns, been good, would increase but for lack of projects | Wellesley |
| NA | 5.26% | Defunct - got out when changed strategy | Zopa |
| NA | 6.21% | Shut - exited fairly early as rates too low |
Shame you didn't lend with The Money Platform @ilmori Our average return was a 33.2% IRR in the last completed year - beating all the platforms you lent with from what I can see. See more on our performance here: themoneyplatform.com/outcomes-statement Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more: themoneyplatform.com/investing-on-the-money-platform
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,883
Likes: 11,106
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Post by ilmoro on Apr 12, 2024 12:01:10 GMT
The Money Platform I didn't go to Specsavers either 😁 Easy answer. I did look when you launched & Kev joined but £250 min looked too high for unsecured consumer lending. Are you short of lenders or just on commission ... as you've gone in promotional overdrive on here? 🤣
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Post by The Money Platform on Apr 12, 2024 12:09:05 GMT
The Money Platform I didn't go to Specsavers either 😁 Easy answer. I did look when you launched & Kev joined but £250 min looked too high for unsecured consumer lending. Are you short of lenders or just on commission ... as you've gone in promotional overdrive on here? 🤣 Certainly not on commission! Just seems a bit strange you (and a number of others on this forum) have invested in so many P2P platforms but missed one with good feedback from other lenders and better returns... Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more: themoneyplatform.com/investing-on-the-money-platform
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