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Post by soereng on Mar 2, 2016 21:12:28 GMT
Just received an answer from support regarding priority of bids which they mentioned in their 2nd most recent newsletter, but did not explain:
Compared to other single bidding methods Portfolio Manager has priority access to loans.
Current priority order for investing is: (1) anyone who takes the full loan and bids over API; (2) Portfolio Managers; (3) everything else.
This might be of interest for some of you.
Regards,
Soeren
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
Likes: 893
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Post by JamesFrance on Mar 3, 2016 9:46:16 GMT
Sounds like institutions get to take the best loans and manual investors only get the leftovers which haven't managed to fill otherwise. Having said that there do seem to be decent loans available.
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Post by rahafoorum on Mar 3, 2016 12:26:11 GMT
This has been the case since API was introduced yep. One of the reasons why API is not that useful for a regular smaller investor as it could be.
For example, you might look at the dataset and find that some sort of loans with criteria of X, Y and Z are performing very greatly and then set up a investment profile for those loans.
However, what you don't see, is that this X, Y, Z group average is good because there are loans with criteria E which outperform everything and some loans with criteria D that are performing really badly. If now PMs and institutionals actually pick up most of the loans with criteria E (a real life example would be smaller loan size for example), then your API will only bring in those loans with criteria D and your result will suck miserably.
Another issue is that you have no way to check how many loans you would actually have an option to get to bid into after PMs and institutionals have made their investments. So even if you did get these great loans, you would actually increase your risk a LOT if you'd only get like 2 loans a month since your lack of diversification would increase the risk related to volatility from random outcomes to sky high.
Neither of those issues can be addressed by analyses from dataset today very easily.
So basically main use case of the API today is to use it probably as sort of a more "advanced" filter for filtering out undesirable loans from your investments, like only investing into EST loans or something similar.
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Post by mrjohn on Mar 6, 2016 19:07:41 GMT
I have fresh disappointing experience. I set conservative portfolio manager. It should invest only into loans AA-F. However, after 1-2 days, it started to invest heavily into HR loans. This happened after I added new deposit, so probably they did it in order to invest the money quickly. Without asking.... So I set limit on cash balance and I plan to release it in smaller portions.
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Post by oktaeder on Mar 6, 2016 20:11:59 GMT
mrjohn I would write to bondoras support.
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on Mar 6, 2016 20:19:21 GMT
That is nothing new... Only institutions are able to fully fund loans and diversify at the same time.
But what we still don't know is how they sort bids from different users for single loan (possibly exceding available amount borrowed).
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Post by rahafoorum on Mar 7, 2016 8:40:58 GMT
I have fresh disappointing experience. I set conservative portfolio manager. It should invest only into loans AA-F. However, after 1-2 days, it started to invest heavily into HR loans. This happened after I added new deposit, so probably they did it in order to invest the money quickly. Without asking.... So I set limit on cash balance and I plan to release it in smaller portions. Please read the disclaimer on the bottom in the closed section on the Portfolio Manager page. The allocation shown to you there, is NOT an allocation that the PM will try to achieve. In short, it has nothing to do with what you will get. Read the topic from here: p2pindependentforum.com/thread/4594/conservative-portfolio-manager
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Post by oktaeder on Mar 7, 2016 11:15:16 GMT
Sounds like institutions get to take the best loans and manual investors only get the leftovers which haven't managed to fill otherwise. Having said that there do seem to be decent loans available. Using API you can bid the whole sum and you get it even as privat investor. I did so and it works.
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Post by rahafoorum on Mar 7, 2016 22:40:15 GMT
Using API you can bid the whole sum and you get it even as privat investor. I did so and it works. Not many people invest in sums of €500+ per loan 
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