amphoria
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Post by amphoria on Dec 2, 2017 9:55:49 GMT
According to the re-investment settings page, the market rate is now 5.4%. Presumably pulled up by some of the high rates matched yesterday. There is currently around half a day's offers at the priority rate.
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amphoria
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Post by amphoria on Dec 1, 2017 22:16:28 GMT
Is this a campaign to keep investors who signed up for the previous bonus as the anniversary is approaching? I don't mind topping up for a small reward, but if everyone does it, will it simply contribute to increasing cash drag and continuing interest rate drop? There was a "good news" e-mail this morning. It comes in tune with my November reinvestment was matched on the same day. One single rate model is also promising, but isn't it too quick to encourage more lending at this stage? Is there a link to this offer? How is cash drag on the platform? What are the pros/cons to this platform? The offer was sent by email. I can't find any reference to it on the website. The phrasing of the email would suggest that it is for existing investors only, ie. increase your existing investment by 20%. Note that the bonus is 1% of your total investment including the extra 20% not the 20% in the thread title. The cash drag was of the order of 1-3 days until today when it all but disappeared, hence the bonus offer.
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amphoria
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Post by amphoria on Dec 1, 2017 14:24:46 GMT
If you look at the Growth Street Market Depth graph now it would imply that all of the priority rate and market rate offers have been hoovered up and that the lowest offer is now 5.6%. The link is here but I have also captured what it looked like at the time.
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amphoria
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Post by amphoria on Nov 28, 2017 21:25:16 GMT
amphoria,
I currently use full AVG Internet Security (on Windows 7 Pro) and have used AVG for many years now - with so few issues over those years I am content it is a superb product. I can say without equivocation that I have never had a 'false positive' with any other legitimate site - ever. Furthermore, I am simply not prepared to create an exception and put my system at potential risk - I simply shouldn't have to do this under any circumstances.
I will wait out this loan until a fix in in place and if a fix is not found I will exit the platform (permanently if necessary) - I have too much at potential risk to do otherwise. No other platform I use has ever given me such issues - so I am content it is totally in the realm of Collateral and/or their software developers to get this resolved - and quickly. In that case I suggest that you push AVG/Avast to fix the problem with their software. It is detecting a virus that does not exist. The 3 false positives found during PC Pro's testing means that they are pretty rare with Avast/AVG. F-Secure had 38 false positives by comparison. Thus it is not surprising that you have not come across any others.
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amphoria
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Post by amphoria on Nov 28, 2017 17:57:35 GMT
I'm with Gordon on this. The problem lies with the AV products and not the website. There is no way that Collateral's developers can determine why they are giving a false positive. There is a review of AV products in the latest edition of PC Pro magazine. Apparently Avast bought AVG and PC Pro are pretty sure that they both use the same AV engine, although Avast wouldn't confirm this. However the fact that they both give the same false positive would back this up.
Bitdefender (as evidenced above) and Kaspersky (which I use) do not give false positives. Also it is likely that Windows Defender does not, given that it is the default AV product in Windows 10. Both Bitdefender and Kaspersky were ranked above Avast and AVG by PC Pro for detecting viruses and they both gave zero false positives during the PC Pro testing, whilst Avast and AVG gave 3 false positives. Having said that they did recommend Avast Free along with Kaspersky. Bitdefender was the winner. They tested 13 products in total.
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amphoria
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Post by amphoria on Nov 23, 2017 23:13:08 GMT
Just received my 4th birthday "offer" up to 6% minibond e-mail from Wellesley. I see this: All payments of interest are subject to withholding tax at the basic rate of income tax (currently 20%).All bonds are subject to withholding tax if the lifetime of the bond is more than 364 days.
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amphoria
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Post by amphoria on Nov 22, 2017 12:32:22 GMT
It took me a while to find one of the loans that was due to redeem today according to the weekly update, as it was in the default tab, and it turned out I had some. Well, there might be precious little new information on how the default is progressing, but the most important bit seems to be functioning and it's another repayment today . Excellent work and great news once again Collateral and Collateral Rep , looking good, but fingers still crossed for the one left to go. This was part of a series of loans with the same borrower (ACC00024) where there was initially some doubt about where the cars were. Collateral persuaded the borrower that repayment was the best course of action and the first, which was overdue, was repaid pretty quickly. The others were to repay as they became due. I have one more outstanding (BB00534) which is due to repay on 19th Dec.
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amphoria
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Post by amphoria on Nov 22, 2017 9:24:25 GMT
Was there an email about this that hasn't made its way to me, or has there not been one yet? I haven't seen one. I didn't get the 'Paid' email for BPF751 that some lenders received either. I got an email at 01:02 saying there would be no repayment today and see the website for further details.
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amphoria
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Post by amphoria on Nov 20, 2017 11:05:18 GMT
I obviously fall into the "unlucky" camp. To date crystallised losses are 30% of my net interest, defaults a further 59% and watchlist a further 42%, so I expect a net loss.
- PM This sounds poor. How long was it before you were able to establish this loss on BM? Mine looks good if I get the return-fees currently stated. I'm interested to know at what point does one find out the level of default? In response to propman. You do appear to be "unlucky" as, after 16 months, my crystallised losses are 11% of net interest and my defaults are 38%. I have only had one crystallised loss to date which was an invoice discounting loan. In response to zlb. The purchase date of my loans in default are mostly in the range of Aug to Nov 2016, but one was bought in Sep 2017. They are all of 12 months duration apart from one which is 9 months. So, as expected, most loans default once they become due for repayment.
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amphoria
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Post by amphoria on Nov 9, 2017 14:37:10 GMT
I've just had 2 Collections in my ISA. Ha ha, I thought, so much for new Z+. But no, they're an A and B borrower in Core - probably a DD glitch . You wish. I have 2 A borrowers in Arrangement and 4 B borrowers in Collections. These are Z+ but Zopa have never said that they have changed the risk rating of each market, just the %age of D and E loans given to each lender.
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amphoria
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Post by amphoria on Nov 5, 2017 20:51:29 GMT
Over what time scale is that? June 2016 to date, although I stopped re-investing repayments at the end of July 2017.
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amphoria
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Post by amphoria on Nov 5, 2017 18:09:27 GMT
I have been meaning to post this analysis for a month. I got the idea of analysing Z+ by market from another forum member. The Collections and Arrangement columns are the total arrears. The Default column is the total amount outstanding. Total Not Paid is the sum of these 3 columns and Gain/Loss is the delta to the Interest repaid. The conclusion, based on my own portfolio, is that the C1 to E markets do not make money. To date I have had 34 defaults from 841 loans.
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amphoria
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Post by amphoria on Oct 10, 2017 19:26:48 GMT
I don't think the Statement does show the full September position despite saying it is up to 29/9 (last working day in September). I have a similar amount of interest received as usual per the monthly download, but around half per the summary statement. I don't have the split, but the disclosed defaults are less than half the interest due on Plus for the month.
- PM Having just checked the monthly transaction CSV and loan book CSV, the defaults are up to date to the end of the month, but the interest payments only run up to about 18th Sept.
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amphoria
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Post by amphoria on Oct 10, 2017 19:14:17 GMT
If you look on the Time to Match page on the GS website you will see that there have been no market rate matches since June.
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amphoria
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Post by amphoria on Oct 3, 2017 21:23:59 GMT
So is that like an autobid function? It will allocate your funds to certain loans automatically? Or you can also log on and individually pick your loans and how much to invest in each as well? You can set the maximum to invest by loan. Select Browse Loans from the Loan Book menu. Browse to the loan you are interested in and click on it. Click on the Invest button and you can enter the maximum amount to invest.
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