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Post by coolrunning on Jan 9, 2018 21:43:03 GMT
I am looking for specific percentages here, since I have red loans I want to sell :-) I will propose almost the same answer as before. Look at the 2mk, find the biggest discount offering similar to the one you want to sell, and make 1 or 2% bigger discount. Similar means country, grade, status etc.
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Post by coolrunning on Jan 9, 2018 20:53:33 GMT
Have any of you ever sold red loans on the secondary market? if so, how much discount did you have to give the buyer? It varies. The market changes rapidly with time. If Bondora has just published an upbeat blog about how good they are at getting recoveries, lots of buyers appear. Then later things drift back to normal. Best to look at the actual events as they happen in the 2nd mkt. Discount for Est < Fin < Sp. Writeoffs naturally need much bigger discounts.
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Post by coolrunning on Nov 16, 2017 11:02:15 GMT
I don't know what should the expected recovery percentage be. My portfolio stats says it should be 35%. If I set it to 0%, yield is 6.62%, so at least i shouldn't be losing any money if I leave the portfolio as it is. You could be guided by the collective view of the 2nd market buyers. If they are a better judge than Bondora (likely to be the case) then an EE default is worth around 15% and the others around 10%.
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Post by coolrunning on Nov 15, 2017 16:46:10 GMT
I've started investing September last year and adding funds from time to time. I don't see a point in selling defaulted loans for 85% discount. According to Bondora life stats, I should get 30% of the principal from defaulted loans. Yield to maturity based on my stats says 10.93%...should I believe this number at all ? I would not advise selling at 85% discount, I just meant that if you want to exit this is around the discount to be thinking of. As for "I should get 30% of the principal from defaulted loans", all I can say is that is not my experience. Concerning "Yield to maturity", follow JamesFrance's comment.
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Post by coolrunning on Nov 14, 2017 20:24:51 GMT
Hello, I've decided to exit Bondora, but I am wondering how I should do it. Should I just leave everything as it is and wait 4-5 years until all loans mature or should I sell some of the loans. Is is a good idea to sell current loans? What about delayed and defaulted ones? I believe current loans are my only chance to exit break-even or small in small profit so I don't think its wise to sell them with premium. What is your opinion ? Thanks Decent loans will sell in 3-5% premium range. Overdues difficult to move unless substantial discounts. Defaults : EE will sell with around 85% discount, others harder (bigger discounts)
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Post by coolrunning on Nov 11, 2017 7:43:21 GMT
Today's "news": Recovery ratesCan anyone please explain how these figures are calculated? They are far away from my experience, but I imagine that there is an underlying logic. Leaving aside all the fully justified horror stories, I wonder if anyone can explain HOW Bondora comes up with their recovery figures? Usually they have a devious (and wildly optimistic) way to calculate their 'statistics'
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Post by coolrunning on Nov 9, 2017 11:33:48 GMT
Today's "news": Recovery ratesCan anyone please explain how these figures are calculated? They are far away from my experience, but I imagine that there is an underlying logic.
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Post by coolrunning on Nov 3, 2017 8:12:53 GMT
Why bother for the 9% return, when you can achieve better returns with almost no time required on your part and most likely less risk in other platforms? Exactly this. Unless you really do enjoy the tedious work of going through the secondary market. I don't think I've lost money on Bondora yet even counting the defaults, but it's just too unreliable and untransparent for me. One thing I like about Bondora, is that they have been in the business for quite a long time. When I look at euro P2P companies, I see many are relatively new. What would you advise as good 'euro' companies with more than say 5 years history which give 9% returns? Ideally one with clear raw data (e.g. published loan books).
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Post by coolrunning on Nov 2, 2017 11:33:42 GMT
Thanks everyone I am still persisting. Which is why I would like to find out where the (English) posts are. What are your reasons for doing so? are you getting good returns at all? The amount of defaults and delayed payments seems horrible and the ratings for the loans are crooked as hell; e.g. AA loans going bust from the start As all of us reading here, I am very suspicious about Bondora's claimed figures. I do not add new money, but I do not withdraw funds either. I tend to avoid the PM and work mainly on the SM - it takes time but seems to be better than the PM. I think I make about 9% gross. If you follow Andrej Ders forum, he is finding broadly similar returns.
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Post by coolrunning on Oct 31, 2017 11:27:01 GMT
Thanks everyone I am still persisting. Which is why I would like to find out where the (English) posts are.
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Post by coolrunning on Oct 31, 2017 8:41:33 GMT
This forum has gone very quiet.
In which forum are the users posting now?
I know there is a lot posted elsewhere in German, but that does not help me !
Any ideas?
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Post by coolrunning on Oct 12, 2017 20:58:55 GMT
I loved this statement in today's blog: "Bondora’s API interface, which allows users to rely on more granular analytics, represented just 0.71% of investments for the month. This figure is a drop from previous months. In December of 2016, for example, the API tool represented 5.64% of investments. Part of the reason for declining interest in the API function is due to our development of the Portfolio Pro tool which allows investors to accomplish the same goals but with a simpler interface."
The reason why the use of the API to buy investments fell dramatically was the (very late) introduction of the new options for SM sellers to cancel offers for sale when the loan makes an unexpected repayment.
I used to suffer from API users snapping up my discounted sale offers when an unexpected repayment came through.
I for one rejoice in these new options and will make more sell offers on the SM in the future.
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Post by coolrunning on Oct 7, 2017 18:09:19 GMT
Fascinating. Hints of dire secrets, cabals, intrigues, conspiracies. Maybe even sedition and treachery. What fun !
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Post by coolrunning on Oct 5, 2017 9:22:12 GMT
Me too: Error 504 Ray ID: 3a8a24747dfc64f9 • 2017-10-04 18:18:12 UTC Gateway time-out The same today.
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Post by coolrunning on Oct 4, 2017 18:23:20 GMT
Me too:
Error 504 Ray ID: 3a8a24747dfc64f9 • 2017-10-04 18:18:12 UTC Gateway time-out
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