kulerucket
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Post by kulerucket on Jan 19, 2017 21:02:41 GMT
Hello
I am registered for 2 weeks but I have never seen a single loan on the primary market with amount to invest bigger than couple of cents.
Am I doing something wrong or there is really nothing there out on the primary market?
Thanks Mopcku
Autoinvest. I never actually see any either, but the autoinvest never seems to sit very long before filling up. I only have 500€ in there though so I'm not sure whether people with more get enough.
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kulerucket
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Post by kulerucket on Jan 19, 2017 17:59:45 GMT
I state it again, be extremely careful, try very small amounts and wait more than one year to see the results.Maybe its better now, not really hard tbh, maybe they improve, but i am certainly not going to try again . This is almost precisely what I have done now. I read all of the bad comments about the changes and history, but I have also read that things might have improved. I've stuck 500€ in there and let the PM fill up with 5€ loans. Then I disabled it. I will now wait and see what the performance is over a year. And shift funds out as loans are paid off to get a more accurate XIRR. I'll probably report the results here once it's run for long enough to get at least anecdotal results for people to see.
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kulerucket
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Post by kulerucket on Jan 19, 2017 15:29:12 GMT
Just updated my spreadsheet. Aaah, that feels good. Might need to update it again later today. Just like I have every day for the past 5 years. Of course, I could walk away from it if I wanted to. Sure. Haha. But there's that anxiety that builds and builds if nothing has happened since you last checked.
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kulerucket
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Post by kulerucket on Jan 19, 2017 12:47:02 GMT
I have signed up recently and have some feature requests to help with usability:
1) There is no easy way to see how full your auto investor is at the moment. Yu don't know whether they are gathering loans without manually checking. 2) When you buy a loan manually, you have to leave the loans page and make multiple clicks to complete the loan. Then you cannot return to the filter you were using. If I want to spread my funds across 10 loans with similar properties, I have to re-enter the filter over and over. 3) My Investments - would be nice to be able to filter on auto-invester profile that bought the loan.
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kulerucket
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Post by kulerucket on Jan 19, 2017 10:54:52 GMT
Thanks this is very useful. On the first graphs there seems to be a drop in interest rates corresponding to a drop in volume. To me this makes sense because if there are less loans available, there will be more competition available and more people willing to take a lower rate just to get something.
My threshold for car loans is about 14% at the moment, but I'm still just testing those loans with a small contribution really. With 12/13% buybacks, the risk of 14% is not really worth it so may well drop them all together depending on what happens when my first default occurs.
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kulerucket
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Post by kulerucket on Jan 19, 2017 10:43:54 GMT
Daaaa! I had 20% of my funds sitting there waiting last night and then pages and pages on 14% loans appear this morning just after my auto investor stuffed itself full of 12%'ers. :-(
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kulerucket
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Post by kulerucket on Jan 18, 2017 20:53:25 GMT
Oh god, what have I got myself into . So it's not just me then!
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kulerucket
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Post by kulerucket on Jan 18, 2017 20:29:49 GMT
So I've been at this about 3 months and have 10 accounts in different Euro platforms an 4 UK ones since I like in Euroland now but still have money in the UK. I have a roughly equal stake in each to diversify and test them out a bit. I will probably reduce the number later once I make enough interest to cover the total loss of one of them (6 months by my calculation).
At the moment though, I check them all about 3 times a day and produce all sorts of spreadsheets replicating platform returns calculations and learning exactly how each works. I'm hoping at some point I will lose interest a bit and check do a weekly check on the hands-off ones and just log in to catch loans on the manual ones. Was anyone else like this when they started? How long did the novelty take to wear off?
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kulerucket
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Post by kulerucket on Jan 18, 2017 8:48:04 GMT
LOL. That's an answer I didn't expect. I thought it was just me not reading the information properly.
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kulerucket
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Post by kulerucket on Jan 17, 2017 23:49:05 GMT
Hi all I am new to twino and I would like to know how to invest in the secondary market if existing in twino. I would like to know as well if it is possible to sell the loans, and if so, how to sell it with premium or discount. (the way as it is done in mintos) Thanks in advance. The secondary market loans are simply merged with primary market ones into one market. Essentially there is no difference between them other than secondary market loans could already be delayed or extended. There is no discount/premium, they are all just sold at cost. At the moment, sold loans are bought very quickly, especially for buyback loans. The only cost of selling is that you lose any interest since the last payout and you don't get this added for loans you buy. I find Twino much less hands-on than Mintos. For buyback loans, you get paid interest on the day it's due regardless of whether the borrower has paid. Due to this, IMO there is very little to gain from selling Buyback loans unless you want to get the money out. The platforms are quite different, but I like both.
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kulerucket
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Mintos
Strategy
Jan 17, 2017 20:09:22 GMT
Post by kulerucket on Jan 17, 2017 20:09:22 GMT
I haven't seem any Capitalia loans with buyback so I'm not sure they exist or whether they have any problems. I'm still <60 days in, so I've yet to see any buy backs. I did buy an already late loan for 5€ that looked like it wasn't going to be repaid just to test it out, but even that is yet to reach 60 days.
So far I'm quite happy with Mintos. I like being able to diversify so much within one platform although the recent drop from 13.*% to 12.*% on all originators makes me wish that I had not limited myself to 1 month loans to start.
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kulerucket
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Post by kulerucket on Jan 17, 2017 20:00:08 GMT
I see, so it's only worth buying if it's an early payment? In this case, it's just one day. It seems that in this case it's worth selling to give up the extra interest in exchange for protection against default.
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kulerucket
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Post by kulerucket on Jan 17, 2017 18:38:02 GMT
Are there any disadvantages to selling a loan just before the end? I have only just started so I'm not sure exactly how interest is paid on sold loans. I see that MTAG563 is being repaid today, yet there is still buying and selling going on. If I buy and sell in between interest payments, do I loose all of the interest?
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kulerucket
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Post by kulerucket on Jan 17, 2017 14:55:39 GMT
Its not clear to me what these figures actually mean. Can someone explain? Is it the total amount of recovered at time of today for the loans that defaulted in that year. Or is the amount of defaulted money recovered within that year for all loans that were defaulted at that time.
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kulerucket
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Likes: 93
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Post by kulerucket on Jan 15, 2017 23:07:44 GMT
Through my 20's and early 30's I earned good money, traveled a lot, enjoyed life and did whatever I damn well pleased within reason. I wasn't that interested until about 35. After having them I look back and my life before seems quite shallow in comparison. I have found that having young kids is harder than I think someone without them can really understand as it robs you of nearly all of your free time and personal space. But I'm happier now than I was then and wouldn't change a thing. I think it must be some kind of biological switch we have evolved, because looking at the two scenarios objectively it doesn't make any sense to be happier with than without. I still can't wait to get some of my time back once they are older though.
EDIT: Additionally, my investments have nothing really to do with the kids. Obviously I want to leave them something but I think that they will get a lot more out of life by making their own way. For me investing is just setting myself and my wife up for retirement, and a bit of a hobby.
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