andyb
Posts: 69 
Likes: 36
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Post by andyb on Feb 13, 2017 17:37:05 GMT
hi all for those of you who are interested I have spoke to Twino to try and find out why recently there have been hardly any loans on the market to invest in. I was starting to worry to be honest but this has put me at ease a little. If you would like to see their response please check out the blog post I have written p2pinvested.blogspot.co.uk/2017/02/where-have-twino-peer-to-peer-lending.html?m=0Regards andy |
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Feb 13, 2017 19:36:09 GMT
Do we really need to go to different blogs for a simple answer "larger demand than supply"?
" Thank you for contacting us.
Unfortunately we will not able to comment on your blog post. We can let you know here, that new loans are added every night, but currently the demand for investment loans is higher than the supply we have to offer, as January and February have been slow months in lending. The new loans are sold out shortly after they have been added to the platform. We are working to increase the volumes and plan to add other products to the platform very soon and will keep you updated via e-mail Newsletters. If you have any further questions, please do not hesitate to contact us.
Best regards, TWINO Team"
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ben
Posts: 2,020
Likes: 589
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Post by ben on Feb 13, 2017 22:45:02 GMT
As long as new loans are being issued I would not be worried.
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Post by geoffrey on Feb 16, 2017 21:35:23 GMT
All my accumulated cash has been reinvested today by my autoinvest. Over €1500 had accumulated, and now it's all gone back in. (I do mostly monthly loans, max 6 months.)
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Post by bkracan on Feb 17, 2017 7:07:26 GMT
My autoinvest didn't catch anything. What is the interest rate of this loans?
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Post by geoffrey on Feb 17, 2017 7:28:42 GMT
Because I'm doing monthly, I'm happy with 10% minimum with buyback guarantee. I also logged in last night and manually invested in some 11% monthlies with guarantee, which is the top monthly rate I've seen on Twino for a long time. There are or were a whole bunch of them. Compared with Zopa, RateSetter or even Assetz Capital, 10% with buyback for such short-term loans seems like a good deal to me. Yes, I know that in principle there is greater platform risk on Twino, due to the non-prime nature of its borrowers, but even RateSetter seems to be discovering that prime borrowers are not always prime...
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Post by saraph on Feb 23, 2017 9:36:47 GMT
Because I'm doing monthly, I'm happy with 10% minimum with buyback guarantee. I also logged in last night and manually invested in some 11% monthlies with guarantee, which is the top monthly rate I've seen on Twino for a long time. There are or were a whole bunch of them. Compared with Zopa, RateSetter or even Assetz Capital, 10% with buyback for such short-term loans seems like a good deal to me. Yes, I know that in principle there is greater platform risk on Twino, due to the non-prime nature of its borrowers, but even RateSetter seems to be discovering that prime borrowers are not always prime... Thanks for the tip. I'm setting a new autoinvest portfolio for 10%+ loans with buyback that are 3 months or shorter. I hope this situation is just temporal, but doesn't suprise me in slightest.
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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 Feb 23, 2017 10:18:12 GMT
It would help if they emailed investors when interest rates are reduced. The thing I liked about Twino was that you could leave it to reinvest without having to keep checking. My own reaction to this is to withdraw uninvested funds rather than chase down declining interest rates.
There are usually newer platforms with better offers when the best days are over because demand becomes greater than supply of loans, even though it involves more work for investors. At least this improves diversification.
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Post by blahetal on Feb 23, 2017 10:46:36 GMT
Because I'm doing monthly, I'm happy with 10% minimum with buyback guarantee. I also logged in last night and manually invested in some 11% monthlies with guarantee, which is the top monthly rate I've seen on Twino for a long time. There are or were a whole bunch of them. Compared with Zopa, RateSetter or even Assetz Capital, 10% with buyback for such short-term loans seems like a good deal to me. Yes, I know that in principle there is greater platform risk on Twino, due to the non-prime nature of its borrowers, but even RateSetter seems to be discovering that prime borrowers are not always prime... Thanks for the tip. I'm setting a new autoinvest portfolio for 10%+ loans with buyback that are 3 months or shorter. I hope this situation is just temporal, but doesn't suprise me in slightest. how this can be temporal if investors like you jump after 10pa?  this will not make the loan originators to increase the rates...
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Post by red_panda on Feb 23, 2017 13:39:48 GMT
I pulled out all idle cash.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Feb 23, 2017 14:49:42 GMT
I would probably eventually be willing to take 10%. But at the moment I don't want to encourage them so I just move my money to whichever of my platforms currently has the best rates. I won't take 10% because I can get 12% on Mintos and ViaInvest at the moment. If they keep trying to feed me 10% and 8%, my money starts migrating. I just hope that there are enough people willing to try to help make a stand rather than accepting whatever they are offered.
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Post by Deleted on Feb 23, 2017 16:18:32 GMT
The only reason I'm sticking out at the moment and accepting 10% is only platform that'll help me avoid currency risk.
With March coming soon, and Brexit trigger date, will be risky dealing in Euro because of volatility.
So sorry, I can't jump ship at the moment.
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Post by saraph on Feb 23, 2017 20:43:51 GMT
Thanks for the tip. I'm setting a new autoinvest portfolio for 10%+ loans with buyback that are 3 months or shorter. I hope this situation is just temporal, but doesn't suprise me in slightest. how this can be temporal if investors like you jump after 10pa? this will not make the loan originators to increase the rates... That's why I'm accepting 3 months duration max, so my money come back to me quickly and I can hopefully put them in something better later. Moreover, if the situation doesn't improve for longer period of time, I can always withdraw and put them in other investment vehicles.
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Post by roedvin on Feb 23, 2017 21:50:18 GMT
It would help if they emailed investors when interest rates are reduced. The thing I liked about Twino was that you could leave it to reinvest without having to keep checking. My own reaction to this is to withdraw uninvested funds rather than chase down declining interest rates. There are usually newer platforms with better offers when the best days are over because demand becomes greater than supply of loans, even though it involves more work for investors. At least this improves diversification. You're so right! But I doubt they will learn. Some months ago they did the same when they dived from 14.9% to 10% and investors voted by feet. Short time later they increased again the rate. Now the same game. No information in advance and diving apnoe to 8% with spanish loans that are only purchased by unexperienced investors or idiots with too much money to gamble. Autoinvest works in a 3 hour cycle, but unfortunately not at times, when new loans come in. The algorythm of the AI is simply a big lump of *******, and the marketing for The AI is just a kidding of investors.
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Post by silverporka on Mar 3, 2017 11:59:16 GMT
I have been having to make fairly substantial withdrawals out of Twino which is a pity. I had a lot invested in the 10% denmark loans that are now 8%.....Not very exciting any more. Twino have told me that they expect excess demand for at least the next 2-3 months so I'm moving funds into Mintos and other places for now.
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