kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on May 29, 2018 8:45:50 GMT
Hello, dear users of p2pindependentforum! I'm very happy to inform you that GRUPEER platform has finally launched Auto-invest!Auto-invest automatically implements your chosen investment strategy. After you have entered your investment criteria, Auto-invest will automatically invest in suitable loans. You can access Auto-invest at any time and follow your portfolio activity in real time to make sure it is working according to your investment goals. Auto-invest is a very efficient tool for saving time spent on investment activities. It also allows you to access newly placed loans in the system before manually-made investments. You can pause or cancel Auto-invest at any time. If you have any questions or just want to say hi, do not hesitate to drop me a message. Kind regards, This is good news and a step in the right direction. However I won't be using it because my primary strategy on Grupeer is to spread my money across creditors proportionally to my perceived level of risk for that creditor. In order to use the auto invest, I would need the ability to create multiple rules and be able to limit each rule to one creditor.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on May 29, 2018 8:40:45 GMT
As part of a diversification strategy, Twino can make sense, personally I have made 12% lifetime and now it's 10 which is not too bad but not great either However, no cash drag whatsoever on my end by setting it at 10% As part of my overall portfolio, I kept only 5000 euros now at Twino (from a much larger amount previously) Basically when I pick a platform for diversification, I only invest 5000 euros Other platform and Mintos come to mind, I am in a much larger amount because 1- Great rates 2- Cash back campaing 3- the marketplace allows for diversification That is NOT to say there are no risk from the platform itself etc etc but still, it's possible to put in a larger sum in my personal opionion The problem is, that there are a large number of alternative sites in the same asset class offering better rates. You can do quite a lot of diversification without needing Twino in the mix. Robo, Swaper, Peerberry, Mintos, ViaInvest and Viventor are all currently better than Twino IMO and these are just the personal loan platforms I have.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on May 29, 2018 8:24:06 GMT
I don't understand Twino now. There was a time when a decent return could be made, I reached 17% in the first year, but now they seem completely uncompetitive so why are they attracting enough lenders if they are still issuing a similar amount in loans? Same here. I still have average of 16.5% but I haven't reinvested in anything for a long time. I only a fraction of the money I used to have in there. I just have a some quality B/C loans + some long term 13% BB all approaching end of term before the end of the year. After these come to an end, I'll be out entirely.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on May 29, 2018 8:14:48 GMT
So around the end of 2016 I decided to try a small investment in Twino, as a test for one year. At the end of 2017 I asked for all investments to be sold. Unfortunately the "automatic buy" operated and I inadvertently re-invested. That would not have been too bad but, I found that I now had 13 pages of deferred and defaulted loans. Why did it buy them? I cancelled the "Auto Buy" but, the site would not accept my instruction to sell the defaulted loans. Although I had a stated £860+ Interest, I have not seen a penny of it, moreover after 5 months I have not even been able to recover my initial investment. Am I alone? You can't buy or sell defaulted loans so you must have bought them before they defaulted. If you have bought ABC loans just about to default then you're in trouble, otherwise just learn from your mistake, sit it out, and get all of your money and interest back later than you wanted. As southseacompany said, you can't blame Twino for executing your instructions correctly.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Apr 25, 2018 20:10:25 GMT
2) the 1% rule. (so at least 100 investments per platform) if eg. you have 1000 to invest, don't use platforms with a 100 minimum investment/loan, either invest more or find another platform with lower minimum. Most platforms have a 10€ minimum per loan. If I had 1000€ to invest I would rather split it into 2 platforms at 500€ each with 2% per loan, than 1% per loan on a single platform. To me diversification across platforms is more important than within a platform, especially when dealing with buyback platforms. Also for asset backed/development loans the minimum is usually higher, 50€ or 100€. I am happy to assign 10% per loan within a platform in this case as long as those investments are in the range of 1% of my total investments. Otherwise you lose out on diversification across loan types.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Apr 19, 2018 22:09:25 GMT
We will see the results next month, I am new to this field, this is my second month as a P2P investor, and started to invest significant amounts of money in Mintos platform. I personally do not like to borrow people less than 35-year-olds, I prefer women to the detriment of men and do not use Autoinvest because I have enough time and the liquidity on the Primary market is very high and I choose my loans manually. Maybe I'm wrong, but that's how I like to do it. As there is only a single originator supplying loans from Armenia, this is quite a risky strategy. Especially as you are investing what you consider a significant amount of money. You should be much more concerned with diversification across originators that worrying individual loan details.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Apr 19, 2018 21:46:48 GMT
93% of my loans in the "31-60 Days Late" category are in the interval from 10 - 14% interest rate. With this in mind, could it be strategic to buy loans with lower interest, if they are then not as likely to be paid late? On it's own this doesn't really tell you anything. ~95% of my loans in any category are in the interval from 10 - 14% interest rate. What % of you current loans are in this range?
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Apr 16, 2018 9:58:17 GMT
I analyzed Mintos' loan book here, made a comparison with short term and long term loans (>6 term): www.fablyfventure.com/2018/03/02/mintos-detailed-statistics-march-2018/I noticed that loan performance improved with loans up to 6 terms or longer. But wait there is more. A lot of the loans you may buy, can end up being late and will be bought back. Let's say you buy 1000 EUR worth of loans, 200 EUR worth of loans will be bought back because of being late. The 200 EUR or 20% will be reinvested. But of that amount, again 20% will be late and be bought back. I've noticed that over time, investing in long-term loans can create a very stable portfolio with nearly no late loans whatsoever, or at least a smaller amount than if you were to be actively trading. However, investing in long term loans can basically lock in your money in a loan, to get rid of it, you may have to sell it with a discount. I would highly recommend avoiding 30 day loans, they almost always end up late. While I agree that longer term loans are better and stabilise over time (due to a survival of the fittest process), I don't agree with avoiding 30 days loans. I think you are placing too much importance on the performance of individual loans. As most loans have buyback, I'm much more concerned with the health of the originator company than the individual loan performance. If a loan originator is large and profitable, I couldn't give a monkeys about how many 30 day loans are late. Even for a loan originator with a high percentage buying back early, you can still end up with a stable loan book. But that company could fold at any time unless overall performance improves.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Apr 12, 2018 13:57:44 GMT
Can someone give an example of what they are stating in the emails they are sending. Thanks Dear Jessica, In this latest information you have stated that all creditors are investors. In your previous correspondence, you stated the following: "If you are a creditor of the Company owed more than £1,000, you will be required to submit a proof of the debt owed to you as at the date of my appointment before you can participate in the proceedings."
and "I have lent money via the Collateral platform do I need to do anything? No. Subject to the borrower continuing to make payments of interest and capital those will be returned to you in accordance with the Collateral terms and conditions."
So now, I am completely confused and worried that I have not submitted a claim as a creditor, because your previous information said that I do not need to act. What should I do?
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Apr 12, 2018 13:56:10 GMT
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Apr 10, 2018 20:21:50 GMT
According to the stats for all loans I've been involved in, 30% have been bought back. It's normal.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Apr 4, 2018 20:57:59 GMT
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Mar 22, 2018 22:57:25 GMT
I have been in since Jan 2017 and I was also in this loan. I like the platform in general but many of my loans are quite long running with first payments due >12m so it's hard to draw any conclusions even after a year.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Feb 26, 2018 22:20:14 GMT
I don't see what the problems is if you are responsible. I quite like the ones that do since I get a percentage cashback for spending on the credit card. If they all did, I'd be cycling the money around all the time and earning extra profit.
|
|
kulerucket
Member of DD Central
Posts: 336
Likes: 93
|
Post by kulerucket on Jan 18, 2018 22:14:47 GMT
I wonder about car loans if LTV corresponds to the right risk exposure as car depreciation could decrease the value of a car faster than LTV. There is some sense for real estate as it normally increase in value in the long run. I asked a similar question when I started out about a year ago. My opinion now is that for longer term loans that are paying very little principal back, the devaluation is much higher. For shorter term loans it's not so bad. For Mogo loans, I essentially ignore the LTV because I am lending against the strength of the Mogo buyback. Which IMO is one of the strongest on the platform.
|
|