kulerucket
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Post by kulerucket on Oct 27, 2017 11:45:59 GMT
They should have more fine grained control over this. When I have loans pay back I want the emails, but normally not.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 27, 2017 8:15:55 GMT
OK I just checked and it's not actually in the settings. I did disable them though somehow. Maybe there was an Unsubscribe link in the emails?
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kulerucket
Member of DD Central
Posts: 336
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Post by kulerucket on Oct 26, 2017 23:17:33 GMT
Robo - It's been great up until this month. I'm transferring funds out every few days but I will put them back if loan volume improves. Grupeer - Great so far but I have a cap on the money I am willing to keep in there in spite of the excellent performance and good returns. All of the originators are very small looking at the financial statements provided. Business loans do provide a bit of diversity though. Mintos - The best one, all things considered. I'm not worried about Eurocent. I keep everything spread thinly enough that I can take a couple of originator meltdowns on the chin if necessary. Twino - Still fine for me. I am still selectively picking up some B/C loans when I get the chance as they have paid very well for me. EstateGuru - Good repayment performance recently. I keep it for diversity along with CrowdEstate. I am planning to ramp up these two considerably in the near future as I am over exposed on Personal Loan platforms. I want better diversification. Bondora - terrible recovery performance. I will update my review on here at the 1 year mark but I would not recommend it to anyone. I think that anyone who believes they are doing well either hasn't had enough time to see the true picture or are not looking deeply enough into the real performance. Omaraha - Good but the lack of a SM is a big weakness. Default rate is very low if you avoid Slovakia loans <=800. For Estonia on it's own I get the best returns of any platform (currently running at ~18%). If it wasn't for the 1% withdrawal fee and lack of exit possibilities, I would put more in. But then again, so might everyone else and I wouldn't get any loans. Others I think are worth mentioning: Linked Finance - very strong for me so far and gives me some diversity. Returns not the best but I am going to increase Finbee - very good returns, but lowered a bit my the tax situation. 0 defaults over the year ViaInvest - still chugging away at 12%. Some cash drag but nothing serious. Viventor - Still some drag but not as bad as before. There are a lot more originators now but the returns are only ~10% for me. Investly - Apart from waiting for news on some default loans, I've exited. I don't like the bidding system as it drives down the rates to levels that are not worth the risk. I've never had much in there but I will probably make an loss of 10% by XIRR. Iuvo - Surprisingly good. I wasn't convince by the rates advertised or the fact that you don't get the interest from the buyback, but I seem to do quite well out of buying overdue loans and taking other peoples interest. Lenndy - Good returns but far too manual. buttchopf23 , you can disable those emails in the settings
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 20, 2017 8:31:33 GMT
I think that one of the strengths of Mintos is the fact that there is competition on the same platform. It is very easy to allocate funds to originators offering better returns without having to transfer between platforms. It is interesting to see how returns go up and down in waves as the originators try to get away with lower rates until they reach a point where nobody will but them or they are priced out by other originators.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 20, 2017 7:49:10 GMT
I'm more worried about the % of loans in a late situation, that is higher than other platforms. Late is OK. After all we are not talking about the most organised people in the world when it comes to money management. I'm more interested in the buyback rate which for me is 27.4% (by loan count). A little high but not unusual at all. It should be noted, that because Robocash don't use a different status for repaid and buyback I have to parse the "term" field and check if the difference is >=30 days. It's probably correct but it is still and indirect method of knowing what loans triggered a buyback.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 14, 2017 21:30:11 GMT
What I had left was sucked up today. I'll keep an eye on it and top up again if things improve. I spoke too soon. Straight back up to 15% again.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 14, 2017 17:18:18 GMT
What I had left was sucked up today. I'll keep an eye on it and top up again if things improve.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 11, 2017 12:55:17 GMT
I look at them nearly every time I visit the forum.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 11, 2017 6:52:20 GMT
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 10, 2017 20:11:12 GMT
Oh well, today my uninvested amount reached 25% of my holding not great... Mine would be similar if I wasn't withdrawing. 14% * 75% = 10.4% overall return. Not such a great place to hold money any more.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 5, 2017 20:56:31 GMT
To be honest I don't find any of this very surprising now. I used to think this practice on Twino would give them a bad rep and be detrimental to their credibility, but if they can buy back loans paying a high rate and there are investors willing to buy them at a lower rate then the practice is sensible from a company perspective. If I was a shareholder in Hipo I would want them to be doing this. If they can't find buyers they increase the rate until they can. Business as usual.
Personally I wouldn't touch the loans at the lower rate but while there are people that will, I think it's inevitable.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Sept 30, 2017 12:21:54 GMT
They don't seem to want any of my loans all at 15%. They haven't touched them. I don't know whether to be happy or worried about that.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Sept 30, 2017 11:33:49 GMT
How are you calculating the returns? They don't seem to represent the headline rates or the realistic returns from experience. It depends on the individual but many of the returns are quite different to what I see. E.g.:
Investly: 12% - No chance. 6-8% is more realistic due to cash drag and a rush to the lowest rates. ViaInvest: I still get 12% consistently. While dropping it's still more than 10%. Viventor: You'd be lucky to see 11%. I rarely get a loan that is more than 10.5% and with cash drag it's more like 9%. Grupeer: The vast majority pay 14/15%. Mintos: Anything between 6-17% available. I get 13% EUR overall or 17% in GEL (not including currency loss) Lenndy: 12%+ would be more accurate. Most of my loans are above 12%, more like 13% on average. Omaraha: My returns are much higher than 12%. More like 17% if I exclude my initial Slovakian blunder.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Sept 30, 2017 7:35:19 GMT
I don't have any Eurocent loans but I do keep an eye on the overall statistics page. All I seem to see is the money steadily moving to the right with not much overall reduction in the outstanding loans.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Sept 25, 2017 18:19:26 GMT
Has anyone tried contacting RoboCash recently? I had mailed them 10 days back, no response. I called them today on number listed on website, the number doesn't work anymore :/ robocashsupport you asked about platform improvements. This sounds like something to look into.
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