andyb
Posts: 69 
Likes: 36
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Post by andyb on Nov 2, 2016 18:30:59 GMT
Hi all, so I have gone and done it. I have only transferred 2k to my account but I only want to trial it until I get a feel for the platform. I have invested 1k spread across the buy back loans and also 1k spread amongst the b/c loans. I hope after 6 months and 12 months onwards that I will have some data to add to here about performance and losses, fingers cross more performance than loss  |
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Post by loanstar on Nov 2, 2016 20:44:43 GMT
Well done. So have you opened a sterling account or opted for euro? What method did you use to move funds from UK to Twino and much did it cost? The banks just love to rip you off for sending money outside the UK. I shall await your review of your investment experience.
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andyb
Posts: 69
Likes: 36
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Post by andyb on Nov 2, 2016 21:13:03 GMT
Hi, thanks for commenting. I opted for sterling to make the maths easier on my mind I used lloyds bank to make the payment which cost me £9.50 on £2000 transfer which is 0.475% so not to bad in reality. I hope this goes well as I would love to increase my stake. Regards Andy |
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Post by bhafcseagull on Dec 29, 2016 20:02:53 GMT
Santander charge £25!! 😱
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andyb
Posts: 69
Likes: 36
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Post by andyb on Jan 6, 2017 21:09:32 GMT
2 month update.
So I have a total of £3000 in TWINO, 1.5k on both the buyback and class c loans.
Performance so far has been a bit of an eye opener to be honest. I expected the class c to be a total right off but it is holding its own, just.
Portfolio status so far.
Buyback
Current
64.95 %
Extended
12.39 %
Delayed
22.66 %
Class c
Current
94.38 %
Extended
0.00 %
Delayed
5.62 %
Defaulted
0.00 %
So far then it looks like many of the supposed better loans are not paying up, lucky they are buyback ones! there is still time for the class c ones to pay up, I will not hold my breath though.
Will update at 6 months more than likely
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jan 26, 2017 16:15:43 GMT
Based on your stats I took the plunge and allocated 100€ to each of the classes A, B and C a few weeks ago. I've never seen an A but who knows?
So far, all of the C's have had one payment except for 1 who is late. B's are only just coming up but the first one is paid. According to Twinos predicted returns of 16% on C's, I calculate that we can expect the equivalent of ~1.5 total defaults per 10 loans so I guess these early indicators are on par.
Total Defaults / Return
0 / 140€ 39.58%
1 / 126€ 25.62%
2 / 112€ 11.66%
3 / 98€ -2.29%
4 / 84€ -16.25%
5 / 70€ -30.21%
6 / 56€ -44.17%
7 / 42€ -58.13%
8 / 28€ -72.08%
9 / 14€ -86.04%
10 / 0€ -100.00%
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