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Post by carol167 on Apr 8, 2017 8:18:57 GMT
Thanks Matthew for your detailed reply, definately helpful... but with regards to the charts - this is what I see.(see attachment) The legend is not diplaying correctly. It's like that on all the charts. I'm using Firefox v52.0.2 (32-bit) on windows 10 on a main desktop machine. With regards to 2016 chart missing - makes perfect sense what you've said - but perhaps a screen message in the appropriate place to mention that so people don't go - oh, why is 2016 not showing ? Off out into the sunhine for a walk ... Have a good weekend yourself :-) Attachments:
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Post by carol167 on Apr 7, 2017 20:05:17 GMT
Ok so I was bored. And finding myself on the main LendingWorks screen (as you do), I noticed it says "Insurance-backed" but then says "Your capital is at risk". Surely either it's one or the other, I can't see how you can say it's both (or it's insurance backed up to a certain point and the rest is at risk). Potentially confusing. So I got to wandering around the charts just to see what the default rates are like out of curiosity and I noticed a few things.... Firstly the "Actual v expected lifetime defaults" charts on the following page www.lendingworks.co.uk/peer-to-peer-lending/statistics/risk-and-returnaren't displaying the X axis descriptions of the pretty colours properly. The writing is chopped more than halfway vertically so they're sort of unreadable. I'm guessing they say "Expected" for black and "Actual something something" for the blue and orange. (I'm using Firefox). Secondly... Where is the chart for 2016 ? Given that in 2015 it looks like defaults were more than expected, I was curious to know what 2016 looked like. There really ought to also be one for 2017 so far (updating possibly monthly). You don't need me to point out that lack of current information is poor practise and doesn't look good. :-) Thirdly am I reading this correctly ? It says Bad debt rate coverage is 2.28%. Yet, estimated lifetime bad debt rate for 2017 is 2.5%. Doesn't that suggest that there isn't enough coverage ? Or am I completely misreading things ?
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Post by carol167 on Mar 31, 2017 10:53:48 GMT
Is there a secondary market or can I sell loan parts early on this platform or do you need to invest to the end? Thanks No secondary market, you have to wait until the end. Loans are often extended, usually without an exit point at the original end date. Occasionally they repay early. No losses to date. To be fair, on balance, I would say that quite a few more get repaid early than extended. Also worth pointing out that I've had no loses to date and I tend to put something in nearly every loan bar the over 70 LTV ones.
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Post by carol167 on Mar 21, 2017 13:04:49 GMT
I'm a believer in diversification rather than due diligence, as I suspect its hard to get a true position at one remove, and I'm no property developer. So 50 loans, with ideally no more than 2.5% of my SS investment in each. Same here... 52 loans currently, no more than 2.34% in each (according to my spreadsheet) with quite a few being less. None at negative term. I play the spread em wide and thin strategy.
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Post by carol167 on Mar 20, 2017 18:36:34 GMT
"This is to confirm your Loan part ID 800800 is now up for sale." Now if only that was on a 5 pound note in my hand..... :-) That is cracking ... except that it isn't symmetrical ... sorry to be pedantic 😉 Yeah, I thought that afterwards, but you know what I mean.
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Post by carol167 on Mar 20, 2017 18:25:19 GMT
"This is to confirm your Loan part ID 800800 is now up for sale."
Now if only that was on a 5 pound note in my hand.....
:-)
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Post by carol167 on Mar 17, 2017 18:12:39 GMT
Are you looking for the weighted average rate on your current loan book or the IRR on your account to date? Or both? Err... umm... errrr...... .... percentage rate that the current loan book is returning me ? Especially as having been with Lendingworks possibly at or near the beginning, my loans will be spread across a fair range of rates now, making it quite difficult to guestimate. I make it somewhere round about 6% for me. It just would be nice to be hit with a large "You're capital is earning XX%" on the website when you login like the other passive platforms do (Zopa/Ratesetter/FundingCircle/LendInvest/AssetCapital/BondMason). They seem to manage it ok. And no... I don't know what IRR is. I'm only a girlie. :-)
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Post by carol167 on Mar 17, 2017 10:56:20 GMT
Thanks!!.
All I get is "Too Many Requests. Try again in a few. " when trying to install - but I'll keep trying.
Shouldn't have to rely on third party bits to give basic and obvious functionality to their website though...
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Post by carol167 on Mar 17, 2017 8:20:18 GMT
It strikes me that there is a real need for a filter option on the main loans page. Can't see the wood for the trees now and it would be nice to be able to concentrate on a particular rate and only see those loans on the SM....
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Post by carol167 on Mar 16, 2017 8:12:50 GMT
Anychance we could have this displayed somewhere in the dashboard ?
I would like to know at a glance what current returns I'm getting in percentage terms i.e. 5.34% or whatever. But as time goes on and more and more money is being lent out at different rates I now don't konw what the overall return I'm gettting is.
All my other p2p platforms (9 of them) do this.
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Post by carol167 on Mar 14, 2017 18:39:32 GMT
And there's me worrying about whether to reduce down from £700 per loan to only around £500. I am a minnow in the pond... :-) I've got between £100 and £150 .... what am I? Plankton? Reminds me of the "I look up to him" sketches of the Two Ronnies - or maybe I'm showing my age....
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Post by carol167 on Mar 14, 2017 10:10:58 GMT
And there's me worrying about whether to reduce down from £700 per loan to only around £500. I am a minnow in the pond...
:-)
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Post by carol167 on Mar 7, 2017 12:08:40 GMT
Today's "If it ain't broke, fiddle with it 'til it is broke" victim appears to be the loan requests page. For me, it isn't showing the little hammer and pie symbols next to the loans. Particularly misleading for me because I use the (lack of) pie on property loans to indicate a brand new borrower, rather than a refinance/later tranche/etc. When I first went into the page, the list seemed to be in a random order, too, although I could fix this by clicking on the Time Left column header (helpfully it doesn't remember this setting though). I don't recall it being sortable before, so presumably this is the new feature they're trying to add, breaking a genuinely useful feature in the process. Yup, I have the same issues. Also - the filter isn't being remembered like it normally is.
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Post by carol167 on Mar 3, 2017 11:31:52 GMT
Without looking into your account, I'm assuming you're taking those figures from your dashboard and hence the "On loan" figure increasing will be due to interest being accrued on your capital outstanding before it is repaid into your Wallet. I'm fairly confident that your capital balance on loan will not be increasing and that the settings are working as intended. Hope this helps. Aaahhhhhh. That makes sense. I'll let you off then. :-) To be fair... it does say "On Loan" in that box. Therefore one would assume that that amount is the total actually on loan. I'm not sure accrued interest counts as onloan in my logic, although - if they haven't paid it yet I suppose it could be seen like that.. It's just that at first glance, seeing that amount go up - seemed wrong. Hmmm... I think I preferred it the old way when you used to show accured interest separately.
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Post by carol167 on Mar 3, 2017 8:31:38 GMT
I've started tracking my dashboard amounts on a daily basis because I've had suspicions that money was still being lent out even though my settings now say : "All my repayments are paid into my Wallet, where I can manually re-lend or withdraw it"
For example, yesterday my total invested ended ....555.36 Today it says ....558.37.
The amount in the wallet went from ending 53.84 to 53.93.
Now ok, it's chcken feed. But it's the principle that is the point. If it's all supposed to go into the wallet, then it's all supposed to go into the wallet.
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