jo
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Post by jo on Feb 6, 2015 15:30:17 GMT
Smugness conceded
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jo
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Post by jo on Jan 22, 2015 16:48:44 GMT
Sounds cool - but please, no SPVs with them!
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jo
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Post by jo on Jan 10, 2015 17:45:11 GMT
I speak as a former civil engineer and wonder whether this is all being over-engineered +1 It's unlikely they care too much - unless you're a serious playah. If not, you're (imo) wasting your life minutes.
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jo
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Post by jo on Jan 8, 2015 8:28:18 GMT
1/9 update 5.02% (from 3.6% on 1/7). 4/11 update: 6.17%. Bad news is the absolute number is slightly higher 8/1/15 update 11.27%. Moving in the right direction.
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jo
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Post by jo on Dec 6, 2014 9:07:44 GMT
I suspect (well, a bit more than suspect, actually), that unless you're lending in larger amounts, on a corporate basis - HMRC care little about your average retail investor - provided you can demonstrate 'best effort', and are consistent.
Think of the utter 'mark-to-model' nonsense that KPMG and their like sign-off on for financial institutions each year. In the interest of not faffing around on guesswork and monitoring individual FX rates and the like, I have decided, and will defend, a similar strategy...see other thread for more detail.
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jo
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Post by jo on Dec 1, 2014 13:47:06 GMT
Having read this thread with some interest, it's plain that Bondora stands out fairly uniquely as being the most opaque for actually knowing the value of your portfolio (absent multiple, and subjective, assumptions). The other platforms I use (RS Zopa FC & AC) state it fairly plainly, and that's that.
Seeing in this thread three different sets of user assumptions utilised in reaching XIRRs, I've been wondering if there is any other method which could be employed.
So I'm playing around with the notion of NPVing the 'Conservative Estimate' forecast (a rare articulation of an actual number, albeit forecast) and seeing what it throws up. The discount factor I'm using is what I could comfortably get on other platforms with a reserve fund (say RS 5.8% for instance). At present I know my loan book has an average tenor of ~4 years (though if anyone knows of an easy (non script) way of confirming this, I'd appreciate the steer).
Thoughts anyone? - it's just an exercise for now.
(please ignore the tax implications for now).
Add: Discounted present value calculator seems to be the most logical calculator I've played around with.
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jo
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Post by jo on Nov 21, 2014 13:56:47 GMT
I think it's just market forces. As tough as it is to reconcile after years of low rates, both retail and wholesale rates have fallen this year and are still falling. Extraordinary monetary policy is no longer extraordinary - it's here to stay. Try getting elected if you don't print. Try getting tenure as an economics lecturer if you don't support printing etc etc. Jeez,that went o/t quickly - the first two lines apply though.
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jo
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Post by jo on Nov 21, 2014 9:28:33 GMT
Like others, I have been migrating funds to RS based on rates.
Recently, I have halted this for reasons of concentration risk and had planned to simply reinvest funds for a period.
Finding this functionally impossible with funds sitting unlent for weeks - so lower rates >and< not able to simply reinvest.
Up your game Zopa - not interested in the reason (algos be damned!) just that it's happening.
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jo
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Post by jo on Nov 12, 2014 17:50:59 GMT
All the very best to Paul in the future and will look forward to the book. If it's half as astonishingly anger-inducing as 'Shredded' was on the RBS tale, it'll be compelling!
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jo
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Post by jo on Nov 9, 2014 9:08:02 GMT
'technically the dashboard isn't wrong it's the data put into it'. Ok, tempting as it was at the time to respond to the above, I acknowledge you guys are under a lot of pressure. As such, I've left it a week before revisiting the ff balance issue. If it's possible, chris could we have the balance of that loan corrected this week so that our Dashboards become even more unwrong? Thanks
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jo
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Assetz Capital (AC)
repayments
Nov 4, 2014 12:05:59 GMT
Post by jo on Nov 4, 2014 12:05:59 GMT
It worries me considerably that AC, especially since the new site was launched, have had such a catalogue of reported incorrect figures in so many aspects of our accounts. Getting figures right, all the time , is fundamental on a platform such as this. It's hopeless bragging about the platform's simplicity for some, while (they say) affording almost micro-control for those wanting it, when the figures being churned out are repeatedly being shown to be wrong. I don't really know for sure what my figures really are. When will AC provide a big announcement to say all accounting figures are now correct and up to date? Unfortunately ........ Agreed. It's pretty much the only thing I care about or have posted about since the update. Finesse should be secondary to accuracy.
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jo
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Post by jo on Nov 4, 2014 11:55:37 GMT
1/9 update 5.02% (from 3.6% on 1/7). 4/11 update: 6.17%. Bad news is the absolute number is slightly higher
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jo
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Post by jo on Nov 3, 2014 18:45:31 GMT
Could I ask you guys what assumptions you make re bad debt in coming to your XIRRs? I assume total loss on 50% of the '60+ days overdue' number.
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jo
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Post by jo on Nov 3, 2014 16:51:42 GMT
As all gods (small g) are manifestations of the human desire to impart meaning to a universe perceived as random and chaotic, this implies that the mechanisms underlying the Market Rate allocation are, for us lenders, essentially random and chaotic. We think we perceive a pattern, until suddenly we don't, and we realize that there are multiple Market Rates, and many different zones of possible placement within the Holy Queue of the Great Rate Setter. Verily, the god of the Market Rate moves in mysterious and wondrous ways. Your post reads even better if one has the theme tune to The Twilight Zone going through one's mind.
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jo
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Post by jo on Nov 3, 2014 9:33:28 GMT
Looks like 5yr @ 6% is a comfortable level for now. Pretty steady all month with only very minor blips. Two months on looks like this stills holds. Well perhaps it's now 6.05%.
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