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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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Mintos
Strategy
Jan 17, 2017 20:55:32 GMT
Post by red_panda on Jan 17, 2017 20:55:32 GMT
I like being able to diversify so much within one platform although the recent drop from 13.*% to 12.*% on all originators makes me wish that I had not limited myself to 1 month loans to start. I have had one mortgage loan (12848-01) for couple months now with a rate of 18%. The loan was taken with a length of 121months. It really makes me wonder who on earth would even willingly get into such terms.
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Post by red_panda on Jan 16, 2017 10:00:23 GMT
One of my mortgage default was finished - the property was sold in an auction, and principal was paid in full as well as some interest and late fees. www.mintos.com/en/15354-01I had invested in this loan as well. Completed auction around 6 months from default is a pretty good achievement.
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FundingSecure (FS) in Administration
Euro Investors
Jan 15, 2017 19:46:17 GMT
Post by red_panda on Jan 15, 2017 19:46:17 GMT
Question to EU citizens investing through FS outside of UK. What was your experience with depositing and withdrawing? Would FS use Transferwise for withdrawals?
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Post by red_panda on Jan 12, 2017 9:59:35 GMT
Hello Guys Didn’t you think we are just subsidizing these companies with money? We are providing them liquidity so they can produce loans. I think because of the buyback guarantee we don’t depend anymore on the loans they provide but directly on Twino. So generally I think this here has less and less to do with the original idea of p2p money lending. It became now very different model with different risks!
What do you think?
BR Mopcku
I totally agree. This is no different from buying company issued bonds, with quirky payment schedule.
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Post by red_panda on Jan 9, 2017 11:58:01 GMT
Fyi all. EstateGuru will be launching an auto-invest feature by the end of this month.
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Post by red_panda on Jan 7, 2017 16:07:38 GMT
Like person above me, I just read everything that's given for each project and make a decision to go or not to go. Since all these projects have a property secured as a collateral, key parameters to look for is LTV (loan-to-value), but also absolute value of the property, which in a way tells you the risk. Everybody has a different risk threshold, mine peaks at 60% LTV, which is hardly ever triggered at EstateGuru. Absolute value of the property hints at its liquidity. Should a loan default, it's definitely harder to quickly sell off a 1mio EUR valued property than a 200K Eur valued property. The quicker a property sells, the faster you have part or all of your money back.
Offer may seem limited, a rough guess from experience, I think they launch on average 4-5 projects per month. What is important is to check your email, as they usually announce a project with one day notice, which in the world of SEPA gives you just about enough time if you are quick to transfer in money, so they sit in your EstateGuru account the following day ready to be invested.
Volume is big enough, following my above rule I am able to catch a piece of every loan I want to invest into 4 out of 5 times.
Strategy -> diversify into platforms, diversify into loans. How much in absolute terms really depends on how much capital you have. I try to invest at most 2% of my total P2P investments into a single loan, though I average at around 1.5%.
Good luck!
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Post by red_panda on Dec 22, 2016 15:15:40 GMT
You're looking at it from a current perspective, but it is not long ago that Twino went down with rates to 10% and then back up again. Rates won't be fixed forever and the buy-back guarantee holds only while Twino itself is surviving. It would be unwise for you to move all your funds to just Twino solely based on a short term experience of slightly higher returns. Difersivy not only in loans but also in platforms. A buy-back guarantee will never mean 0% risk.
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Post by red_panda on Nov 13, 2016 20:22:37 GMT
I have about 18% of my investments in P2P, which I'm increasing at a rate of 1% per month. I'll probably stop at 30%. Currently I'm in 4 platforms, planning to get into a 5th one next year. At the moment my average loan investment is about 1.5% of the total P2P investments. I think I'm doing it alright.
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Post by red_panda on Oct 30, 2016 19:27:31 GMT
Is it just me or are others having problem logging in with having their credentials saved in a password keeper like Keypass or Lastpass? My Keypass fills in the user/pass details but when I log in the site does not recognize the field being autofilled and I have to manually copy-paste my login details, which is very annoying. Previous front-end did not have such an issue.
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Post by red_panda on Oct 26, 2016 8:09:55 GMT
I just opened an account with Minto, and it seems that the auto investment fails to invest in loans which even when the meet the criteria of loans on the market. This is a problem also discussed in other forums. Apparently only big investors are served in the Auto Investment tool. On the point to know how big is big, I can tell that 20'000 is not enough because I don't get anything since roughly 2 months. I can debunk that theory for you. I'm a small investor with ~ 1000 Eur in my Mintos account and my auto-investment portfolios work just fine.
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Post by red_panda on Oct 18, 2016 14:19:34 GMT
Current 48.83 % Extended 29.20 % Delayed 21.97 %
I'm only in loans with a buy-back guarantee, either way, less than half of them being current is not really a great stat.
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Post by red_panda on Oct 6, 2016 10:01:25 GMT
Update 29331-01 2016.10.04 Court decision to make bankruptcy case, so all procedures will start and happen in standard terms. Nothing to expect soon.
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Post by red_panda on Aug 18, 2016 8:32:29 GMT
There is also one business loan that is more or less defaulted as well. The business is in restructuring and god only knows when and how much money the investors will see.
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Post by red_panda on Aug 3, 2016 8:46:48 GMT
EstateGuru has been increasing the periodicity of new projects open for funding lately. Here is my thanks for that, it pleases me that you guys are growing the business.
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