david42
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Post by david42 on Dec 17, 2020 9:44:24 GMT
I use the free Webscraper.io browser extension to collect the loan data from this platform into a spreadsheet. Webscraper.io slogs through opening all the pages one page at a time collecting the fields I want. Although it took some hours to learn how to use Webscraper.io, the website has good training videos and good documentation, and once learnt the tool can be applied to other websites. I also use it to collect detail of the Rebuilding Society loans and for some non financial websites. Warning: keep a backup copy in a text file of any webscraper.io script you develop. When I re-installed my browser I lost all my scripts and needed to redevelop them from scratch. Although I stopped making new investments here some years ago, I still need to monitor the long tail of all the late repaying loans for my tax return.
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david42
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Post by david42 on Dec 10, 2019 12:56:32 GMT
All other things being equal, diversifying an investment portfolio across multiple independent investments improves the risk / return ratio of the portfolio by reducing the risk of a large loss (aka volatility) from the portfolio without reducing the mean return. Articles on modern investment theory can explain better than me how to value the risk / return tradeoff and the genuine value added to a portfolio by diversification.
Yes, the benefit of diversification needs to be set against the downside of increasing the effort needed to effectively manage the portfolio.
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david42
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Post by david42 on May 10, 2019 21:25:21 GMT
Thank you for collecting together the data criston . I can contribute the data for the accounts I have been tracking. This includes some earlier data points.
requested | sold | days to sell | 26-Dec-18 | 03-Jan-19 | 8 | 31-Dec-18 | 03-Jan-19 | 3 | 01-Jan-19 | 03-Jan-19 | 2 | 03-Jan-19 | 07-Jan-19 | 4 | 03-Jan-19 | 07-Jan-19 | 4 | 07-Jan-19 | 08-Jan-19 | 1 | 07-Jan-19 | 08-Jan-19 | 1 | 07-Jan-19 | 08-Jan-19 | 1 | 07-Jan-19 | 08-Jan-19 | 1 | 08-Jan-19 | 11-Jan-19 | 3 | 08-Jan-19 | 11-Jan-19 | 3 | 08-Jan-19 | 11-Jan-19 | 3 | 08-Jan-19 | 11-Jan-19 | 3 | 11-Jan-19 | 13-Jan-19 | 2 | 11-Jan-19 | 13-Jan-19 | 2 | 13-Jan-19 | 14-Jan-19 | 1 | 13-Jan-19 | 14-Jan-19 | 1 | 14-Jan-19 | 15-Jan-19 | 1 | 14-Jan-19 | 15-Jan-19 | 1 | 14-Jan-19 | 15-Jan-19 | 1 | 15-Jan-19 | 16-Jan-19 | 1 | 15-Jan-19 | 16-Jan-19 | 1 | 16-Jan-19 | 16-Jan-19 | 0 | 16-Jan-19 | 16-Jan-19 | 0 | 16-Jan-19 | 16-Jan-19 | 0 | 16-Jan-19 | 16-Jan-19 | 0 | 16-Jan-19 | 16-Jan-19 | 0 | 16-Jan-19 | 16-Jan-19 | 0 | 16-Jan-19 | 16-Jan-19 | 0 | 16-Jan-19 | 16-Jan-19 | 0 | 21-Jan-19 | 30-Jan-19 | 9 | 22-Jan-19 | 31-Jan-19 | 9 | 22-Jan-19 | 31-Jan-19 | 9 | 22-Jan-19 | 01-Feb-19 | 9 | 24-Jan-19 | 04-Feb-19 | 11 | 01-Feb-19 | 12-Feb-19 | 11 | 01-Feb-19 | 12-Feb-19 | 11 | 04-Feb-19 | 16-Feb-19 | 12 | 04-Feb-19 | 16-Feb-19 | 12 | 13-Feb-19 | 07-Mar-19 | 22 | 13-Feb-19 | 07-Mar-19 | 22 | 13-Feb-19 | 07-Mar-19 | 22 | 16-Feb-19 | 14-Mar-19 | 26 | 16-Feb-19 | 14-Mar-19 | 26 | 25-Feb-19 | 25-Mar-19 | 28 | 07-Mar-19 | 13-Apr-19 | 37 | 08-Mar-19 | 15-Apr-19 | 38 | 08-Mar-19 | 15-Apr-19 | 38 | 16-Mar-19 | 28-Apr-19 | 43 | 14-Apr-19 | yet to be sold |
| 03-May-19 | yet to be sold |
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From my data my conclusion is the selling delays fall into two batches. The first batch of selling delays starting sometime in late 2018. Then between 16 Jan and 21 Jan the current batch of selling delays started.
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david42
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Post by david42 on Mar 27, 2019 20:08:03 GMT
... You do not get money on the days of grace period ... What is your evidence for that statement?
I have just checked a short term loan that was repaid 7 days late and I did get interest for the 7 days.
Loan provider CreamFinance Denmark. CreamFinance Denmark has a 9 day grace period.
03 Sep loan purchased for £92.45 10 Oct loan repaid for £92.45 10 Oct interest income £0.83 published interest rate 9% achieved interest rate 8.8% if the interest had been paid for only the 30 days of the loan, I would have expected only £0.68 in interest.
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david42
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Post by david42 on Mar 17, 2019 17:10:49 GMT
Good for you. I contacted their support team on Tuesday and still haven't received a reply. It has been my typical experience since I joined Mintos in January. I can't withdraw any money as the bank account drop-down list only contains random garbage, and there is no functionality to enter bank details. Either I am unique in getting a fairly poor support from Mintos, or some people on this forum are Mintos employees... My first Mintos withdrawal took 12 days and numerous phone calls and emails. That was to my Transferwise Borderless account. Now that the Mintos have finally put the account details in the withdraw drop down list subsequent withdrawals are working as they should.
I suggest you send your bank account details, along with a screen shot of your bank account as evidence, to support@mintos.com, with the subject title WDW. That is what they asked me to do.
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david42
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Post by david42 on Mar 16, 2019 21:52:47 GMT
I found the John Lewies voucher in my spam folder, dated 5th March along with an email dated 21st Feb apologising that the reward would be delayed.
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david42
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Post by david42 on Jan 31, 2019 20:04:18 GMT
While sales are taking so long you can tell which of your own loans parts are on sale by downloading your loan parts from the My Portfolio tab. Any loan part that is on sale has a status of "For Sale"
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david42
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Post by david42 on Jan 31, 2019 14:46:56 GMT
Selling loan parts on Funding circle has not been working since 21st January.
I regularly make small sales but none of the sales I requested on or after 21st January have completed. My last successful sales were on 16th Jan when sales were taking less than a day.
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david42
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Post by david42 on Dec 7, 2018 15:19:04 GMT
The down-arrow beside your account name on the Summary page has stopped working so that you can no longer switch to your ISA account or logout.
This fault only applies to the summary page, so the work-around is to change to another page, eg Transfers, then you can switch accounts or logout.
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david42
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Post by david42 on Apr 29, 2018 15:16:38 GMT
The table ilmoro kindly maintains at the start of this thread indicates which platforms allow transfers in.
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david42
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Post by david42 on Apr 24, 2018 8:27:26 GMT
A very similar question was discussed recently here.
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david42
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Post by david42 on Apr 22, 2018 20:26:38 GMT
Not quite true. The quarterly fee is only waived if you hold investments worth £15,000 or more in IG Smart Portfolio, which itself has a management fee of 0.65%
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david42
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Post by david42 on Apr 6, 2018 8:35:16 GMT
... I will still need to produce accounts for companies house but that's a problem for another day... If you use the HMRC software to submit your company tax return to HMRC, it includes the option to submit the same information to Companies House instead of submitting separate accounts. I use the HMRC software for my company annual tax return. The software is better since they re-wrote it a couple of years ago but I still find it slow and painful in comparison to the self assessment submission for individuals.
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david42
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Post by david42 on Apr 2, 2018 21:51:39 GMT
I use Autoinvest portfolios to limit my exposure to each originator, while getting the best available terms from each originator. - I create one auto-invest portfolio per loan originator so that I can set a different target interest rate appropriate to each originator.
- I aim to trim my targets to leave some uninvested cash on the account ready to automatically buy loans when they are offered on the best terms. For example Money Metro sometimes releases loans at 12.5%, so I leave an Auto-invest portfolio waiting to buy those loans when they are available.
- I regularly review the level of spare cash and trim the terms of each portfolio to ensure I am buying enough loans from each originator to spread my risk between originators.
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david42
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Post by david42 on Feb 28, 2018 19:17:44 GMT
I see that Google street view lets you look around inside the ground floor of this building. I think the Google view is before the refurbishment.
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