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Post by kilozulu on Aug 9, 2017 6:03:27 GMT
Hi all, in terms of time of waiting, how is your experience in selling with Mintos secondary market? Did you find lack in demand or necessity to reduce the premium %, or you normally find buyers for (reasonable) premiums you want to sell? There is a good supply of loans on primary market, thus your secondary offering needs to beat that to get sold. Thus premiums are low I believe, but at par or at small discount sells quickly.
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Post by kilozulu on Aug 9, 2017 6:01:09 GMT
Should you own HR loans on Bondora or are they too toxic and risky? They are too toxic and risky. But as rahafoorum tried to say, Bondora in general is not a wise choice for most investors, other platforms give better return for MUCH less risk. I gave up on it a long time ago.
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Post by kilozulu on Aug 8, 2017 19:14:53 GMT
I would like to be able to see, visually, my interest for the previous months. E.g. in a chart. Do you guys know if Mintos has any plans to introduce such visualisations? Mintos has not been very responsive on adding analytical new features, but this one is easy to do yourself. I do it. Just extract monthly summary data from account statement into excel, and create a graph. I do it on monthly basis to track interest, principal repayments, late interest, default interest etc, basically half og the categories there are in account statement.
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Post by kilozulu on Aug 4, 2017 15:34:59 GMT
Any views on why Bondora is reclassifying lesser quality loans into AA/A and introduced Portfolio Pro at the same time? A trick to lure in those investors who know from reviews lesser gradings are bad, but not careful enough to look deeper than nominal grade?
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Post by kilozulu on Aug 3, 2017 8:52:39 GMT
10% of all my loans are late. Is this normal? It is very normal, these are almost exclusively private individuals as borrowers, plus mostly the subsection rejected by banks, thus not the most disciplined bunch. I'm pursuing active strategy seeking higher yields, have lates fluctuating in 30-50% range.
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Post by kilozulu on Aug 1, 2017 19:04:14 GMT
Excellent work. If you could update this say once a quarter, society would appreciate.
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Post by kilozulu on Aug 1, 2017 19:02:10 GMT
for the last week or so, a lot of my payments have been delayed.. is it just me who is experiencing this? Could be general summer slowdown, people go on vacation and leisure expenditures take priority over servicing debts. Should catch-up in September. My portfolio is doing ok, but it is mortage-heavy, few consumer loans.
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Post by kilozulu on Jul 31, 2017 6:30:37 GMT
I stopped investing in PG loans some time ago and this is why. As of today they stand at. Current 17.10% Delayed 5.22% Defaulted 77.68% There is no way this is sustainable. Twino seems alive and kicking, thus there may be a different explanation. Just asked their representative if this is not simply due to the typical case where borrower gets into technical default, but is then rescheduled. Maybe platform just leaves it as default, I think even it said somewhere in FAQ that for some loan types no extensions possible, goes directly into default. EDIT: Twino confirmed "Yes, it stays in the status "Defaulted". The same happens if the borrowers returns to timely repayment, as per original schedule." So it has no real relation to actual default rate, just borrower payment discipline.
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Post by kilozulu on Jul 30, 2017 10:50:11 GMT
I think you are right. The investors seem to continue to collect the BB interest rate level (10 -11 %) while the difference with the real interest rate paid by the borrower (80-100 %) is accumulated in the books of Eurocent. This would mean that we are joining the mass of all other creditors with respect to 'our' interest rate differential collection. My lesson learned is : i stopped all investments in loans with BB guarantee (on all platforms). Sorry for any loss, I haven't been following, but I would quite like to know the pitfalls of these buybacks Could you kindly explain the problem very simply? Is it the company that does the buybacks which has gone into admin, so they can't now complete on them? this post explains it well explorep2p.com/eurocent/
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Post by kilozulu on Jun 28, 2017 18:27:06 GMT
What's weird though, is that Eurocent was introduced to market barely 3 months ago. You'd expect they check for liquidity, cash flows, processes and such to make sure the companies aren't overexposed and overleveraged? Your question is extremely important. Can someone ask Mintos this question? Asked Mintos support and got the answers: 1) Interest rates will be unchanged, meaning we do not get an interest rate hike to compensate for lost buyback guarantee. 2) Mintos carefully reviewed the Eurocent financials when acceptting into platform and the data were solid. Will be interesting to watch how this plays out. Cynically, I would even preffer to see the Eurocent default to see how well Mintos deals with such situation.
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Post by kilozulu on Jun 26, 2017 17:52:42 GMT
Anybody knows what happens with interest rates in case Eurocent defaults? Meaning do we then get full interest on underlying loan, or do Eurocent still gets to keep the difference between the "buybacked" rate dispalyed to us and the real rate the underlying borrower pays?
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Post by kilozulu on Jun 19, 2017 19:19:52 GMT
Mintos is a good deal, if you choose buyback loans from established originators like Mogo.
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Post by kilozulu on May 9, 2017 19:12:47 GMT
Autoinvest works fine for me reinvesting repayments and interest. Occasional delay is when I transfer in some new money, that may take a few days to get invested. In January/February there seemed to be disbalance in supply/demand so more significant cash drag, but now it has stabilized.
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Post by kilozulu on Apr 26, 2017 20:21:26 GMT
Yes, future invoices will be insured against credit losses as well. The insurance covers up to 1.2 million in invoices. The company has said some of their invoices are larger, but they expect most to be around 100k. You are saying that this company has insurance covering up to 1.2m of it's invoices? Meaning that once they get 1.2m of invoices defaulted, the rest is not insured? In such a case would be good to know what is their total invoice portfolio. A big difference if that is around 1.2m, or 12m:)
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Post by kilozulu on Apr 20, 2017 20:19:14 GMT
Or maybe their attempt to get institutional investors on board was not successful... What you think? Pretty obvious it failed. Institutional investors are smart&sophisticated investors, so all the Bondora was doing with DCAs etc must have scared them away big time. Also institutionals are proffesionals, so quick to react. Once they figured out Bondora was a duck, it was a short sell. Retail investors are a slow and partially stupid crowd, so obvious back-stop for Bondora to try. May even work if Bondora ditches the Spaniard homeless lending and gets numbers to work again.
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