kulerucket
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Post by kulerucket on Jan 15, 2017 22:30:59 GMT
Poker is a game of skill, not the same as gambling. No amount of skill will reveal to you what your opponent is holding, the gamble is whether you hold-em or fold-em. That's not true either. A skilled player will be very good at narrowing down what hand their opponent has based on their betting patterns and behaviour. The skill is not about knowing outright and always being correct, but about being right enough to win in the long run.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jan 7, 2017 22:32:19 GMT
I could see myself going this way. At the moment I'm 10k in which wouldn't be nice to loose but wouldn't really make any difference. At 100k it would hurt a huge amount, but wouldn't be life changing.
At the moment, I'm very focused on diversification as I do have a niggling worry that platforms can easily go wrong with a few bad management decisions. I diversity across platforms, countries/currencies, and then depending on the platform within that as well, I think I can withstand one or two TrustBuddy style collaspes due to having enough platforms to cover losses. I am interested to know what are the more serious things that could happen to bring in all down that would not also affect traditional investments. I mean things like economical downturn. I can't help but wonder whether the only real difference is the 70k guarantee.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jan 7, 2017 21:55:11 GMT
Yes it was annoying to have to go through a new setup procedure but it's just a standard two factor authentication so I don't see it as a big deal since I only login once or twice a year. Seems like overkill though. I couldn't care less who can see my tax returns.
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kulerucket
Member of DD Central
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Likes: 93
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Post by kulerucket on Jan 4, 2017 20:27:46 GMT
Thanks all, I have some good tips to get started. I'm relatively happy with what I've got now but I'll probably still do a bit of juggling when the new loans appear.
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kulerucket
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Post by kulerucket on Jan 4, 2017 15:02:03 GMT
So, I put 500 into SS the other day as a tester it out and have been trying to invest. There are a few loans popping up here and there but you have to be lightning quite at the captcha to grab something. At first only only saw the ones that are overdue so grabbed some of those just to get something to start off. Now, I've managed to grab a bit more of some I like better and let the negative ones go (bought in seconds). I also find that I have to grab them before I can even take a closer look otherwise the loan parts are just bought in seconds. I assume that everyone else has to do something similar and that's why all of this buying and selling is going on. It just seems like a giant game of musical chairs.
I wish there was an auto invest feature.
How long does it take for items to come out of the pipeline? I'm thinking of just pre-funding some just to save the hassle but I don't want the money sitting there for too long?
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kulerucket
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Post by kulerucket on Jan 4, 2017 7:44:46 GMT
I'm really surprised that Viventor haven't bothered to fix this. It's a quite a glaring bug and very visible to anyone using the platform. It doesn't really inspire much confidence.
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kulerucket
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Post by kulerucket on Jan 3, 2017 9:35:18 GMT
If people are buying these secondary market loans then it's fair game IMO. I suspect that these rarely get bought anyway so don't see the harm.
In the end it's just swings and roundabouts. If people don't buy them they will be competing for your primary market loans. If they do buy them then the seconadry market seller will be competing with you. Makes no difference.
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kulerucket
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Post by kulerucket on Jan 3, 2017 9:28:21 GMT
I was thinking that I wouldn't even bother trying with multiple countries, since it is not explicit on the form. There are probably different tax arrangements between different countries. I'll just fill in a pile of them for the countries I need for various platforms and send them off together.
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kulerucket
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Post by kulerucket on Jan 3, 2017 9:06:42 GMT
I have also tracked various investments passing through different states (e.g. Current=>Delayed=>Extended=>Paid/Buyback), and whatever states they go through, the interest always works out exactly and is paid to the day that the loan is either paid or bought back. I don't bother now and just leave my Auto investors do their own thing.
I've never understood why so many people seem to sell delayed/extended loans. You just loose the interest for the days since the last payment and so you might as well just let them play out unless you really really need that money. In fact liquidity on Extended(3+) loans is better than those paid on time because the buyback will kick in long before the end of the loan term. I quite like buying up 24m 13% loans with multiple extensions already. It's like getting a 13% loan on a 3m investment.
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kulerucket
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Post by kulerucket on Jan 3, 2017 8:54:26 GMT
OK thanks. I believe I have it all explained to me now by ViaInvest/Viventor support people. I just need to find out whether I can specify multiple countries at once on the form for different loan originators. If anyone else needs information on the german one I can probaby help.
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kulerucket
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Post by kulerucket on Jan 2, 2017 22:28:16 GMT
I would say either they do not have a good enough credit rating or they like that it's easier to get the money without considering/understanding the costs. Getting a loan from a bank requires a lot more paperwork like proof of earnings, assets etc.
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kulerucket
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Post by kulerucket on Jan 2, 2017 22:23:22 GMT
Thats because they are moving their headquarter to spain. Spain is keen on double taxation, so thats for investors security. If you don't give them the certificate, they hold back 20% of the interest received. If you are from Switzerland or Germany, I can tell you which certificate it is.. I am currently living in Germany but am not German - or at least not yet (re: Brexit). ViaInvest have said that this is the form I need: indien.ahk.de/fileadmin/ahk_indien/Bilder/2014_News_and_Info/Ansaessigkeitsbescheinigung_Antrag.pdfWould you be able to send me a completed one with personal information removed? I'm struggling to know what to put in some of the fields. Can you put multiple countries at the top to cover all loan originators or it a separate form required for each country?
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kulerucket
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Post by kulerucket on Dec 30, 2016 10:49:08 GMT
Out of interest what is your maximum LTV on a car loan? They generally all seem quite high, but maybe that's normal for car loans. When considering depreciation of the car value the collateral might not cover the loan after a year. If I go for a maximum of 75% I can still pick up loans, but there are many 90%+ that seem way too high.
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kulerucket
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Post by kulerucket on Dec 27, 2016 18:54:44 GMT
I am doing something similar with these four and plan to add viainvest as well. I am only about 2 months in and haven't started them all at the same time. Only Twino, Mintos and Bondora so far. I reason that with the 5 I can still break even in under 2 years if one of them goes bankrupt and I lose 100% of the investment in that one and the others survive making 12-13%.
I don't understand your reasoning behind Mintos being lower because the buyback takes longer. On both Twino and Mintos, I've seen that you get the full principle + interest up to the day of the buyback so even though Mintos takes 60 days, your investment is still earning full interest. It shouldn't make a difference as long as the buyback is honoured.
I have reservations about Bondora too. Although the interest rates are higher, I'm not convinced by the Portfolio manager's strategy. Although I've selected the balanced option, it seems to invest in quite a few 150%+ HR loans where I can see the person already has multiple payday loans and is obviously in serious trouble. I see no chance of seeing any money back from those and would never have bought into them by choice. Time will tell if enough of those ones are successful enough to balance the risk.
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