|
Post by red_panda on Jul 8, 2016 12:55:30 GMT
I'm keeping my stake in P2P, but what has me worried is the "quality" of updates by SS on the "Recent Updates" for each loan. I've gone through dozens of loans and looked at the updates SS has been posting and there are far to many updates like "Expected repayment within a week." that just did not happen. I'd struggle to find updates that were valid in the end.
|
|
|
Post by red_panda on Jun 29, 2016 12:53:55 GMT
If you are selling a loan that is current, it will sell very easily with a 1% discount most of the times. If you are selling a loan that is late on payments, you might struggle to sell it at all, unless you give it a significant discount that greatly increases (beyond 15%) the YTM (yield-to-maturity). At this time, very limited number of loans sell at a premium, though there are many listed.
|
|
|
Post by red_panda on Jun 8, 2016 8:04:44 GMT
I'm generally aware of all the possible risks an investment can have and I just realized there is one additional one I wasn't fully aware. Assuming you purchase a loan of the Mintos secondary market at premium, a loan that has a high interest rate, an attractive YTM even with the premium, you run the risk of it being bought-back early (either early repaid, or agreement amendment), hence never making the expected YTM and possibly even loosing money on it if your accrued interest < the premium you paid.
|
|
|
Mintos
Defaults
May 27, 2016 14:43:32 GMT
Post by red_panda on May 27, 2016 14:43:32 GMT
martins , can you share some news on the progress of 29331-01 ?
|
|
|
Post by red_panda on Mar 22, 2016 21:00:18 GMT
this is actually a sound idea premium possible only if you've held the loan for at least 3 months
|
|
|
Post by red_panda on Mar 11, 2016 10:45:05 GMT
And now the rates are increased again, move the money back in They must have experienced a massive drop in investor interest to quickly change around.
|
|
|
Post by red_panda on Feb 25, 2016 15:20:22 GMT
Thanks for coming back to me here and also via email today. I have not received the initial reply, but this one today is sufficient. Looking forward to the secondary market!
|
|
|
Post by red_panda on Feb 25, 2016 13:48:11 GMT
Here you can see a text in English about Monteiro's relation to EstateGuru, he is a "Partner/Advisor": estateguru.eu/about/meetthanks pedrolopes , as I posted in EstateGuru's board, I will not be increasing my position in that platform also for reasons of not responding to me... (per my comment, EstateGuru has come back and confirmed secondary market will be launched soon)
|
|
|
Post by red_panda on Feb 25, 2016 13:46:38 GMT
FYI. everyone. I have asked this same question to EstateGuru via their contact form some time ago, to-date I have not received an answer. Seems like communication/customer-support is an issue for this platform, hence will not be increasing my position here.
update: Per this post, EstateGuru has come back to me, secondary market is in the works!
|
|
|
Post by red_panda on Feb 22, 2016 14:24:43 GMT
What are your views on the currency exchange risk in P2P investments in regards to UK's referendum on whether to stay or leave the European Union. Question applies to both sides of the currency game, those with income and spending in GDP and those in Euro.
I myself have a GDP position in Saving Stream, currently the weakening pound is beating the interest rate.
|
|
|
Post by red_panda on Feb 22, 2016 13:57:39 GMT
Feels like Bondora all over again... I begun using Twino in August 2015, I had a good run, +15% XIRR. I already have 7 lending platform accounts, I was phasing out one (Bondora), now I guess I will be phasing out Twino and maybe EstateGuru as well. They said it: they have too much liquidity from lenders and not enough borrowers, so.... it is not that estrange, certainly their business model will suffer. Whenever this companies grow beyond their means this kind of things ends up happening sooner or later. Best regards. may I ask the reason for phasing out of EstateGuru? I have a small position there myself...
|
|
|
Post by red_panda on Feb 12, 2016 14:55:46 GMT
Thanks for the information. I may have to update my auto-invest to add a new portfolio that includes business loans with a buyback.
|
|
|
Post by red_panda on Feb 8, 2016 13:08:20 GMT
Maybe they've got a "pre-fund" on all loans, then spit out if they don't want something. I just had a go at one. Clicked within a half second of the thing appearing on screen ..... all gone .... didn't even get as far as "are you a bot?" No living person could have gone through the motions to buy it in that time, so either the bots have cracked the system, or (more likely) someone else sees the offer before I do because of internet/computer download speeds etc. It's likely the latter. I checked how often the page loads available loans and its always in different intervals. Between 1-5s. So if it loads the available loan for you a little later than for someone else, of course he had a head start. With the liquid market, there will always be someone being more lucky.
|
|
|
Post by red_panda on Feb 8, 2016 12:54:45 GMT
small investors that just needed to reinvest their interest which was likely <180 , hence need to sell the difference between interest(available funds) and the prefunded part ?
|
|
|
Post by red_panda on Jan 20, 2016 12:53:48 GMT
Is EstateGuru planning an introduction of secondary market to the platform? User Terms do mention one. It would increase trust/demand in the platform as investors would have means of early exit should they need one.
|
|