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Post by mopcku on Mar 9, 2018 23:02:48 GMT
thats interesting, their website looks like REALLY similar to Mintos, not an exact copy, but surely they couldn't have made the website and everything from scratch all by themselves, did they? Having written little scanning scripts for both sites, I can say that their web app implementations seem to be completely different, so it seems Twino did make everything from scratch. While your theory is possible, there doesn't seem to be much evidence to support it. I can also confirm their websites are from implementation point of view completely different!
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Post by mopcku on Feb 18, 2018 9:35:54 GMT
If you invest in euro you get the same amount of euros back. The provider takes care of conversion if necessary and also the loss/profit from the change of rates. They can buy insurance for this or just take the risk. Aasa has loans available in krones and in euro so you can also take the risk and do the conversion yourself. What is interesting here is who takes the currency risk if things go wrong with the originator? If aasa goes bust do i have claim to the original borrower still in eur? Or in the currency he got the loan?
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Post by mopcku on Feb 4, 2018 17:09:42 GMT
mopcku Sure. We recently added this feature a few weeks ago! - Each investor can download his own portfolio (available in the Portfolio menu, on the top left, just above your first loan) - Besides, the whole loan portfolio (each and every loan ever financed by Klear) is available to the public. It's in the Statistics page, at the bottom. I hope it will help. Loic Thank you very much. I am glad now you also have this very helpful feature.
BR Mopcku
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Post by mopcku on Feb 1, 2018 11:16:49 GMT
mopcku , yes you're correct. We calculate the return with XIRR formula only on the money invested. I understand your point of view. Idle money, wherever it is, doesn't bring anything It's one of the reasons why platforms have developed Auto Invest tools, mainly to enable automatic reinvestment of the daily repayments coming back to the wallet. With an Auto Invest active and properly tuned, the difference between the 2 calculations should not be big. Thanks for your feedback Loic loic (klear) Thank you for your answer.
I have one other less related question regarding Klear.
As a platform without buyback (which i prefer) it would make sense for the investors to be able to analyze the portfolio performance and build their own models for risk assessment. This will help them being able make more informed decisions in which loans to invest. For this purpose other platforms like Bondora, Finbee etc. are offering the possibility to download the loan portfolio. Do you plan to offer this download possibility also on Klear? It will be great help for the investors.
Thanks Mopcku
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Post by mopcku on Jan 31, 2018 21:07:25 GMT
Hi, my first appearance in this forum... Sorry to react long after! At Klear, we use XIRR to calculate the return so I would be grateful if we could investigate together where the difference is coming from. Thanks! Hi
yes I would also like to find out why there are differences. I will see if i will be able to find time in the next days to update my xirr numbers for the different platforms.
BR mopcku
So I did the calculations again and in the case of Klear i get XIRR 5.99% against 6.4% shown on the platform.
My assumption is that in your calculation you are considering the XIRR only over the invested part of the money and in my I do it over all the money i have transfered to my klear acount.
I do my calculation this way because 1) At the end of day for me this is the important measure of return since the not invested part of my money on the account can be seen as oportunuity costs 2) It is much easier to calculate
loic (klear) Are my assumptions about your calculation way right?
BR Mopcku
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Post by mopcku on Jan 26, 2018 17:47:23 GMT
My Klear number is 6.5% they give 7.1%
Hi, my first appearance in this forum... Sorry to react long after! At Klear, we use XIRR to calculate the return so I would be grateful if we could investigate together where the difference is coming from. Thanks! Hi
yes I would also like to find out why there are differences. I will see if i will be able to find time in the next days to update my xirr numbers for the different platforms.
BR mopcku
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Post by mopcku on Nov 20, 2017 17:54:23 GMT
I think it should be relatively easy and affordable to do with a leveraged short position on EURGBP at a retail forex trading site like Oanda. The basic idea is: send £100k to Mintos send £10k to Oanda Short the EURGBP at 10:1 leverage Which derivative instrument do you use to achieve this high leverage? What is offered on Oanda to short FX with such high leverage? Are these kind of CFDs? What about transaction cost? Will they not influence you overall performance?
Thanks
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Post by mopcku on Aug 26, 2017 20:29:30 GMT
For Twino i calculate 10.94% and Twino number is 10.96% For Mintos i calculate 9.67%(asuming i will be paid for defaulted Eurocent loans approx 10% of the exposure) and Mintos number is 11.03%
As it turns out my feeling wasnt that wrong
Of course the Mintos calculation does not do the assumption that only 10% will be paid on your Eurocent exposure. It only looks at current status, not at future outcome. This is not saying, that your 10% assumption might not be correct. In fact, I guess you will be lucky if you get 10% back. No i wrote it little bit confusing.. i mean 10% of my exposure is to eurocent and in this calculation i assumed it will be bought back to 100%.. I know it is too optimistic but even then i dont get the mintos numbers.
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Post by mopcku on Aug 26, 2017 15:54:06 GMT
Probably we have to check their calculation really carefully because i also have the feeling even at approximately the same rates on twino and mintos i received overall lower amount on mintos! What do you mean by "I have the feeling". Either you did receive lower interest than is expected or you did not. Please give us real numbers. Yes i did the calculation
For Twino i calculate 10.94% and Twino number is 10.96% For Mintos i calculate 9.67%(asuming i will be paid for defaulted Eurocent loans approx 10% of the exposure) and Mintos number is 11.03%
As it turns out my feeling wasnt that wrong
Also Finbee i calculate XIRR 14.11% and they give average interest rate of 18% For Swaper XIRR my calc is 11% ant their profit rate 12.68% My Klear number is 6.5% they give 7.1% Viventor 7.05% and they claim XIRR 11.09%
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Post by mopcku on Aug 25, 2017 18:42:32 GMT
Probably we have to check their calculation really carefully because i also have the feeling even at approximately the same rates on twino and mintos i received overall lower amount on mintos!
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Post by mopcku on Jul 31, 2017 23:07:16 GMT
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Post by mopcku on Jul 31, 2017 23:03:06 GMT
On longer term BB loans, those who don't pay tend to default early and those that pay for a while tend to continue to pay. This means that when the loans cycle through you tend to get a good proportion of loans that are repaying and have already made several payments while the poor ones disappear. This is reflected in my current Lendo portfolio, although it is not as stable as it looks because 30% of the current are fairly new and part of the BB cycling: Current 57 1-15 Days Late 4 16-30 Days Late 1 31-60 Days Late 1 In the old structure at least you would end up with a decent proportion of claims that stand a chance of continuing to pay. I'm exiting Lendo and have disabled my auto investor. The question for me is whether to sell the existing ones and lose the 1%, let it run down or something in between. The longest ones are 11 months and the average is around 7 months. This is very interesting conclusion which i didn’t thought of and it also brings new interpretation of the differences between BB and PG in the Twino case.
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Post by mopcku on Jun 26, 2017 14:21:09 GMT
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Post by mopcku on Jun 21, 2017 22:16:39 GMT
I think the right question in a platform with buyback should be not "how many different loans" but "how many different originators"...
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Post by mopcku on Mar 24, 2017 18:13:54 GMT
so I'm happy to keep my money locked into a higher interest rate for longer. At the moment when my 13%/14% loans get bought back it is a struggle to even get a 12% loan to replace them. EDIT: They were all Russian so it look like the 14% BB have now been replaced with 12% PG.
I dont think they are really locked since Twino presumably will exercise its buyback right if the interest goes down
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