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Post by nellerdk on Oct 16, 2018 17:04:39 GMT
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Post by nellerdk on Aug 19, 2018 20:42:18 GMT
still cash drag?
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Post by nellerdk on Aug 7, 2018 20:12:26 GMT
I first invested at the end of Jan 2015 as an experiment when it was still possible to buy mortgage loans at 15-18% which were good to hold also to sell via SM at a healthy premium (most of these now have had enforced buybacks). These became harder to buy & so I transferred to short term guaranteed buy back loans for 12-14% which have now dropped to c.10% & lower along with an across the board drop in both rates & loan quality. I have no appetite for auto lending & manual lending no longer offers much value IMO so I have just liquidated my entire portfolio, all sold within a couple of hours via SM largely at par.
After 3 1/2 years my initial deposit has more than doubled & my dashboard return is 17.58%pa which I am more than happy with, the platform has grown significantly over this time & no longer meets my investment requirements but thanks for the journey & good luck for the future to all those still invested, even though I doubt you can repeat the returns that the early adopters achieved. where have you moves the money to, now that you liquidated your whole mintos portfolio? I imagine you moved the money into some new investments?
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Post by nellerdk on Aug 7, 2018 20:11:10 GMT
I first invested at the end of Jan 2015 as an experiment when it was still possible to buy mortgage loans at 15-18% which were good to hold also to sell via SM at a healthy premium (most of these now have had enforced buybacks). These became harder to buy & so I transferred to short term guaranteed buy back loans for 12-14% which have now dropped to c.10% & lower along with an across the board drop in both rates & loan quality. I have no appetite for auto lending & manual lending no longer offers much value IMO so I have just liquidated my entire portfolio, all sold within a couple of hours via SM largely at par.
After 3 1/2 years my initial deposit has more than doubled & my dashboard return is 17.58%pa which I am more than happy with, the platform has grown significantly over this time & no longer meets my investment requirements but thanks for the journey & good luck for the future to all those still invested, even though I doubt you can repeat the returns that the early adopters achieved. Yup, I also believe that the "Gold" age of P2P is sadly over... questions is, where are you investing next? Or are you using your funds to buy something? why is it over when you can get 0,8% in a bank interest rate account? Isn't it attractive then to get 9% interest on Mintos, PeerBerry, Twino or similar? Of course you feel like it is little, psychologically, bacause you have been getting higher interest rates in the past. The stock market will not guarantee you 9% per year.
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Post by nellerdk on Jul 29, 2018 12:22:58 GMT
why are there so few loans on peerberry right now?
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Post by nellerdk on Jul 29, 2018 12:21:42 GMT
getbucks main website:
the owner of getbucks:
mybucks (the owner of getbucks) is listed on the stock exchange:
I am not sure if mybucks if making profits, but if someone finds out, then I would like to know...
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Post by nellerdk on Jul 29, 2018 12:19:14 GMT
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Post by nellerdk on Jul 27, 2018 11:27:26 GMT
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Post by nellerdk on Jul 25, 2018 20:36:53 GMT
Ofc, we should stay alert, that's what got people in trouble in 2008 - people thought this party is not going to end. Sure, a crisis may come, but the question is - is it a year from now, 2 years, 5 years etc. No one can precisely predict a crash, a bottom of the crisis etc. You might sell everything now and than bite your fingers seeing that there is no crisis in the coming years, but you might sell everything and get lucky because after half a year or a year there could be serious problems. Well real estate level in the US have exceeded the high of 2008 I am seeing red signals all over but indeed I am not a prophet nor a financial advisor or anything when the news hit the Mass Media, it's already too late, for now indeed on the surface it all looks good. we shall see what do you mean by real estate level? Are you talking about leveraged real estate funds and such investments?
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Post by nellerdk on Jul 25, 2018 20:36:02 GMT
I won't be investing anywhere at less than 12%. Why? Just curious. The alternatives are: - an overvalued stock market - shitty bonds with no yield - 1% on a bank account
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Post by nellerdk on Jul 22, 2018 13:02:09 GMT
right now, when I look on the primary market, with these criteria: EURO, buyback guarantee
the highest yielding loans are at 11,5% interest rate?
Is this new? I think they used to be higher...
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Post by nellerdk on Jul 21, 2018 11:44:43 GMT
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Post by nellerdk on Jul 21, 2018 11:44:07 GMT
MSCI USA Growth
Not only tech, but a great fund
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Post by nellerdk on Jul 21, 2018 11:42:47 GMT
I found a way to stop the cash drag: I disabled all diversification settings, so now my auto invest buys whatever loans it wants. Not the best solution, but I hate seeing the cash drag.
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Post by nellerdk on Jul 20, 2018 19:54:35 GMT
I have just started with Mintos and have set up AutoInvest with their standard Diversification strategy (which qualifies me for the 1% cashback). 1 However, I see little sign of diversification. It tells me that there are 35512 loans that meet my criteria, but the last 13 loans have all been Mogo 9% car loans and 35% of my total lending is in this single sector. My average rate is 10% compared to the promised 12.5%. Is there something wrong with their algorithm? 2 My loan range is between 0.25% and 1.25% of total funds. As a matter of strategy and given the number of loans apparently available, would it be better to restrict it to 0.25%? This would potentially give me greater diversification, but would it also give me a better chance of higher rates? I had high hopes for this platform, having come to it late, but now I'm not so sure.
from my experience, you need to wait a few months before the auto diversification works well...
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