blender
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Post by blender on Oct 14, 2016 10:21:57 GMT
There are only 21 listed on the secondary market - they have become more frequent in number but two a month is a recent improvement. The model is not the same as say FC, where the acceptance is computerised, SME loans are not secured and you have to buy many blind to get reasonable returns. Here you invest a bit of time and may get better returns on fewer loans - if it fits with your overall portfolio and appetite for risk.
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Investboy
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Post by Investboy on Oct 14, 2016 14:58:36 GMT
Ive been with Ablerate for about a month, and in that time only 2 loans have come online (which Ive invested in). The other P2P platforms seem to have a much higher turnover of loans. Does Ablerate not have many loans come through or am I doing something wrong? I'm not sure when the first loan was launched but the company was incorporated in 27 Feb 2014. So given number of loans on SM I'd say that 1 loan a month on average
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james
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Post by james on Oct 14, 2016 15:33:42 GMT
I'm not sure when the first loan was launched but the company was incorporated in 27 Feb 2014. So given number of loans on SM I'd say that 1 loan a month on average It's more like two a month because there was very low initial deal rate until after their new platform was launched back in around April 2015 and because of the completed loans that no longer show up on the secondary market. That's still a low deal rate compared to many places but the loans tend to be interesting in various ways.
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stevio
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Post by stevio on Oct 14, 2016 21:35:28 GMT
Agree, quite diverse areas from other platforms, although like more, been happy
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blender
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Post by blender on Oct 14, 2016 22:50:27 GMT
I have as much cash with Ablrate as I would wish - but would like to spread over a few more loans. I would like to see Ablrate's loan book grow more quickly.
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stevio
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Post by stevio on Oct 15, 2016 6:58:03 GMT
Be interesting to know proportion others invested compared to their other platforms and if reduced proportion due to diversity
I have about 20% P2P portfolio Ablrate
I admit, I much larger amounts per loan than any other platform due to the lack of diversity
Interesting I just commented on FS thread about too much diversity and not enough quality lol
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JamesFrance
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Post by JamesFrance on Oct 15, 2016 7:32:12 GMT
I have my smallest amount invested on Ablrate simply because when I have money available it goes to where it can be immediately invested (without SM premium which I am not interested in).
This usually rules out Ablrate, as I don't leave funds uninvested.
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pom
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Post by pom on Oct 15, 2016 8:07:03 GMT
ABL is actually currently one of my largest holdings, possibly a bit overweight on where I'd like to be compared to other platforms really - partly cos of the delay on 532 and the containers, partly cos I deliberately started investing more per loan than I generally would elsewhere (whilst still being amounts that as a %age of total I'm quite happy with) in order to get more fully invested, and partly cos I went in a lot heavier than normal on Bailrigg also to get more fully invested and can't trim it down yet (but still at a level of significance that doesn't cause me to lose sleep)
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r00lish67
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Post by r00lish67 on Oct 15, 2016 8:13:59 GMT
Be interesting to know proportion others invested compared to their other platforms and if reduced proportion due to diversity I have about 20% P2P portfolio Ablrate I admit, I much larger amounts per loan than any other platform due to the lack of diversity Interesting I just commented on FS thread about too much diversity and not enough quality lol ..and I just came over from that thread thinking the same thing! Platforms can't win, can they? Ablrate do often have really interesting and different loans. Whilst this gives the opportunity to diverse into a different platform and esoteric securities, unfortunately the downside so far (for me) has been that one of those less usual securities (shipping containers) has not as of yet been quite as secure as we would have hoped. Anyone with any sort of significant exposure to the two loans relating to them is probably in negative territory in terms of return from ablrate until (we hope) a recovery is made. Providing you're balancing across multiple platforms, that's not such an issue though, and there are still some occasional good loans to be had. I do wonder if 1 or 2 loans a month is actually profitable to sustain even a small platform though - the exact opposite concern that I have with FS which seems to have 1 or 2 loans every half day!
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duck
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Post by duck on Oct 15, 2016 8:20:59 GMT
16.32% for me spread across 3 accounts, personal, wife and business. Like JamesFrance I do not like having money univested but I can always find something on the aftermarket to reinvest interest payments and I am yet to pay a premium.
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pom
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Post by pom on Oct 15, 2016 8:54:42 GMT
Ablrate do often have really interesting and different loans. Whilst this gives the opportunity to diverse into a different platform and esoteric securities, unfortunately the downside so far (for me) has been that one of those less usual securities (shipping containers) has not as of yet been quite as secure as we would have hoped. Anyone with any sort of significant exposure to the two loans relating to them is probably in negative territory in terms of return from ablrate until (we hope) a recovery is made. Only if they went really overboard and asked for way more than was sensible compared to the rest of their portfolio as (fortunately?) by the time these two loans came along demand was such that allocations were severely limited anyway (one has to suspect that a lot of the investors in the later loans just saw the rate and the popularity and maybe didn't think so clearly about it in the rush). From my perspective anyway my total earnings on the platform is about 3x what is tied up in those loans - now admittedly my total ABL investments has grown quite a bit since those two were launched (but that didn't happen overnight - and it's reasonable to expect most other people have been increasing their holdings also) Edit and admittedly I did get less than I'd have liked in both these loans....but my earnings have still outstripped what I would have liked to invest by more than 1.5x. We have to expect a few bumps in the road if we chase high rates
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littonowl
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Post by littonowl on Oct 15, 2016 9:33:39 GMT
Be interesting to know proportion others invested compared to their other platforms and if reduced proportion due to diversity I have about 20% P2P portfolio Ablrate I admit, I much larger amounts per loan than any other platform due to the lack of diversity Interesting I just commented on FS thread about too much diversity and not enough quality lol ..and I just came over from that thread thinking the same thing! Platforms can't win, can they? Ablrate do often have really interesting and different loans. Whilst this gives the opportunity to diverse into a different platform and esoteric securities, unfortunately the downside so far (for me) has been that one of those less usual securities (shipping containers) has not as of yet been quite as secure as we would have hoped. Anyone with any sort of significant exposure to the two loans relating to them is probably in negative territory in terms of return from ablrate until (we hope) a recovery is made. Providing you're balancing across multiple platforms, that's not such an issue though, and there are still some occasional good loans to be had. I do wonder if 1 or 2 loans a month is actually profitable to sustain even a small platform though - the exact opposite concern that I have with FS which seems to have 1 or 2 loans every half day! The scarcity of loans has left me a little concerned on that point to. I do like Abl, its site is well laid out and the SM good, and I like the diversity of loans too (espec MTF), but that nagging doubt prevents me adding to my initial investment, which is now just 5% of my overall P2x exposure.
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KoR_Wraith
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Post by KoR_Wraith on Oct 15, 2016 10:05:39 GMT
admittedly I did get less than I'd have liked in both these loans....but my earnings have still outstripped what I would have liked to invest by more than 1.5x. We have to expect a few bumps in the road if we chase high rates Never have I been so grateful to receive such limited allocations. I'm heavily overweight in Ablrate, about 35% of my funds. Mostly due to the lack of maximum bids and near constant availability of my favoured loans in the secondary market (many of which I buy at a small premium to remain 100% invested). I'm especially fond of the few amortising loans on the platform.
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pom
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Post by pom on Oct 15, 2016 10:41:40 GMT
admittedly I did get less than I'd have liked in both these loans....but my earnings have still outstripped what I would have liked to invest by more than 1.5x. We have to expect a few bumps in the road if we chase high rates Never have I been so grateful to receive such limited allocations. I'm heavily overweight in Ablrate, about 35% of my funds. Mostly due to the lack of maximum bids and near constant availability of my favoured loans in the secondary market (many of which I buy at a small premium to remain 100% invested). I'm especially fond of the few amortising loans on the platform. Well hindsight is great isn't it?! Yet at the time there were lots of complaints about people gaming the system to get a higher allocation. I like the amortising from a loan perspective but not so much from a tax perspective as I have to report all chargeable asset sales, and every capital repayment counts. Hurrah for spreadsheets.
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r00lish67
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Post by r00lish67 on Oct 16, 2016 3:23:47 GMT
Ablrate do often have really interesting and different loans. Whilst this gives the opportunity to diverse into a different platform and esoteric securities, unfortunately the downside so far (for me) has been that one of those less usual securities (shipping containers) has not as of yet been quite as secure as we would have hoped. Anyone with any sort of significant exposure to the two loans relating to them is probably in negative territory in terms of return from ablrate until (we hope) a recovery is made. Only if they went really overboard and asked for way more than was sensible compared to the rest of their portfolio as (fortunately?) by the time these two loans came along demand was such that allocations were severely limited anyway (one has to suspect that a lot of the investors in the later loans just saw the rate and the popularity and maybe didn't think so clearly about it in the rush). From my perspective anyway my total earnings on the platform is about 3x what is tied up in those loans - now admittedly my total ABL investments has grown quite a bit since those two were launched (but that didn't happen overnight - and it's reasonable to expect most other people have been increasing their holdings also) Edit and admittedly I did get less than I'd have liked in both these loans....but my earnings have still outstripped what I would have liked to invest by more than 1.5x. We have to expect a few bumps in the road if we chase high rates Fair point, so I withdraw my exposure statement. I hadn't realised that the initial allocations of the containers were too low for some people so I can see how it wouldn't make too much of a dent in a higher value portfolio. Operating at my (lower) level I had roughly the largest allocation I typically give any loan I particularly like, so platform-wise not great but whole portfolio-wise not a problem. It certainly seems to be being handled very professionally and with as much urgency as it's possible to instill into the courts (not much, by the sounds of it!)
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