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Post by WestonKevTMP on Nov 28, 2017 12:17:29 GMT
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aju
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Post by aju on Nov 28, 2017 12:43:25 GMT
When I saw the blog entry I wondered if was as a result of the damning discussions on here and in particular this thread I hope so. I can't see many people outside of these threads even monitoring things at the micro/monthly level that much like we seem to do. Not sure it really answered my experience going as far back as pre-safeguard. He suggested the loans would recover over 5 years, that's probably true for some but my experience in safeguard and the length of time some are taking - as far as 2025 and beyond on current figures for one of my defaults. The interesting thing is the number of defaults across classic I think is perhaps the real reason they found this stuff out and they dropped it like a hot potato - I still struggle to see its related to HMRC changes but that whole other story I guess. Of course I don't know this its just my opinion and I'm very cynical about this removal.
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zlb
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Post by zlb on Nov 29, 2017 20:21:50 GMT
When I saw the blog entry I wondered if was as a result of the damning discussions on here and in particular this thread I hope so. I can't see many people outside of these threads even monitoring things at the micro/monthly level that much like we seem to do. Not sure it really answered my experience going as far back as pre-safeguard. He suggested the loans would recover over 5 years, that's probably true for some but my experience in safeguard and the length of time some are taking - as far as 2025 and beyond on current figures for one of my defaults. The interesting thing is the number of defaults across classic I think is perhaps the real reason they found this stuff out and they dropped it like a hot potato - I still struggle to see its related to HMRC changes but that whole other story I guess. Of course I don't know this its just my opinion and I'm very cynical about this removal. I may be miss-remembering, but there's no default info on the brief monthly statement online now. I thought it was listed there, as it was in main investments the other day. My worry is still more with the length of time it would take to sell loans.
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aju
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Post by aju on Nov 30, 2017 9:31:08 GMT
When I saw the blog entry I wondered if was as a result of the damning discussions on here and in particular this thread I hope so. I can't see many people outside of these threads even monitoring things at the micro/monthly level that much like we seem to do. Not sure it really answered my experience going as far back as pre-safeguard. He suggested the loans would recover over 5 years, that's probably true for some but my experience in safeguard and the length of time some are taking - as far as 2025 and beyond on current figures for one of my defaults. The interesting thing is the number of defaults across classic I think is perhaps the real reason they found this stuff out and they dropped it like a hot potato - I still struggle to see its related to HMRC changes but that whole other story I guess. Of course I don't know this its just my opinion and I'm very cynical about this removal. I may be miss-remembering, but there's no default info on the brief monthly statement online now. I thought it was listed there, as it was in main investments the other day. My worry is still more with the length of time it would take to sell loans. Do you mean the summary screen and the "?" next TO "earnings" that details amount of current bad debt. In investment mine is showing bad debt of >£200 ok. In ISA there is no bad debt as yet so I can't say if its no longer there, the button is there though. If you mean in the statement's screen then again bad debt only shows if you click on the "earnings> show" button and then it only shows defaults if there are any in the subset chosen (month/year to date etc). I usually check the whole year (Year to date) for my bad debts as some months don't have any and gives a better measure of losses. Using year to date for last 3 years despite having >200 default debt my return is quite stable as follows. 2015 - 5.34% 2016 - 5.32% 2017 - 5.00% this is 12 month projected from Jan to Nov result as December is still to come. This includes 0.5% early adopter bonus and is before tax in my case. I'll see what Mrs AJU has achieved as well. Apologies if thats not what you meant though.
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ashtondav
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Post by ashtondav on Nov 30, 2017 14:13:14 GMT
YTD, looks like i'm getting 5.5%, so it matches your returns as i get an early adopter bonus of 1%  |
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aju
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Post by aju on Nov 30, 2017 14:47:58 GMT
YTD, looks like i'm getting 5.5%, so it matches your returns as i get an early adopter bonus of 1% boohoo  My spread over Plus/Classic/PreSafeguard is. 8.3%/91%/<1%
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zlb
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Post by zlb on Dec 1, 2017 13:15:30 GMT
I may be miss-remembering, but there's no default info on the brief monthly statement online now. I thought it was listed there, as it was in main investments the other day. My worry is still more with the length of time it would take to sell loans. Do you mean the summary screen and the "?" next TO "earnings" that details amount of current bad debt. In investment mine is showing bad debt of >£200 ok. In ISA there is no bad debt as yet so I can't say if its no longer there, the button is there though. If you mean in the statement's screen then again bad debt only shows if you click on the "earnings> show" button and then it only shows defaults if there are any in the subset chosen (month/year to date etc). I usually check the whole year (Year to date) for my bad debts as some months don't have any and gives a better measure of losses. Using year to date for last 3 years despite having >200 default debt my return is quite stable as follows. 2015 - 5.34% 2016 - 5.32% 2017 - 5.00% this is 12 month projected from Jan to Nov result as December is still to come. This includes 0.5% early adopter bonus and is before tax in my case. I'll see what Mrs AJU has achieved as well. Apologies if thats not what you meant though. If I remember rightly, yes, it's the question mark in ISA not showing what I thought it was showing (unless mis-remembered). However, on logging in now, the default amount is showing for Nov 17 in the ISA. I think the other day, the question mark led to a box of info. I would rather they didn't hide this quantity and worked more on diversification. Another thing is that I expect on putting new money in to be buying a mix of new and old loans (there are a lot of people trying to sell loans and apparently that is/was going slowly). Therefore, I'd expect my ISA to have defaults arising near to the start - and possibly increasing. I should look at a wider average like you have.
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aju
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Post by aju on Dec 1, 2017 14:21:12 GMT
I couldn't agree more on the hiding of bad debt within the summary screen.
It would be nice to set the diversity level as well. At the moment one has to be cautious on lending levels if they wish to obtain a given diversity level. This manual approach obviously slows down lending rates when you want to lend large sums. To be honest Zopa has enough things to be working on I can't see diversity being one of them.
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ashtondav
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Post by ashtondav on Dec 4, 2017 11:59:49 GMT
Another on target month for me in November. Net interest £279 on about £60k invested.
Where my repayments go end December will depend on whether I can still get 6%+ on RS - looking doubtful at the moment I must say, but then December is always a slow month for p2p lending. The ramp up in demand in January should mean higher rates on RS, though.
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ozboy
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Post by ozboy on Dec 13, 2017 14:45:54 GMT
Yeah, only £66.18 Balance left so almost shot of Zopa! Just like recently completely escaping from Lendy I'm managing to tidy up Ye Olde Portfolioe of dross nicely.  |
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aju
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Post by aju on Dec 13, 2017 19:27:39 GMT
Yeah, only £66.18 Balance left so almost shot of Zopa! Just like recently completely escaping from Lendy I'm managing to tidy up Ye Olde Portfolioe of dross nicely. Go on then tempt us out with your returns elsewhere. I'm expecting mine to drop to about 4.6% estimated for 2017. Last 2 years were above 5%. I've dabbled a bit in Plus but to be honest I did make sure I was better diversified than zopa minimum 1%. Mostly I'm in classic and now core. I've had a sniff around the outside world but my experience has always been along the lines of "grass ain't as green as I one might have hoped". I guess if you can afford to gamble more then I say go for it. I'd rather stick with what I know - risk has never been my game and even less now I am free - so to speak.
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aju
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Post by aju on Dec 13, 2017 19:31:39 GMT
Another on target month for me in November. Net interest £279 on about £60k invested. Where my repayments go end December will depend on whether I can still get 6%+ on RS - looking doubtful at the moment I must say, but then December is always a slow month for p2p lending. The ramp up in demand in January should mean higher rates on RS, though. ~5.6% is not bad, Well done!. Mines targeting slightly lower this year - on Zopa that is though and with 0.5% early adopter as well. Fingers are crossed that this months gets me no more defaults - other than classics that is!  .
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ozboy
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Post by ozboy on Dec 13, 2017 19:33:12 GMT
No idea of my exact returns Per Platform, can't be backsided with endless spreadsheets, formulae, etc Only invest in Asset Backed P2P, after the exhaustive DD of course, I personally have no interest whatsoever in the likes of RateSetter, Zopa et al, disasters waiting to happen in a downturn, IMHO. However, to answer your question, I would estimate around 10%. |
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james21
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Post by james21 on Dec 13, 2017 19:36:06 GMT
As a former investor (and survivor) at a no loss exit. My conclusion is you are giving it away.
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aju
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Post by aju on Dec 13, 2017 19:50:57 GMT
As a former investor (and survivor) at a no loss exit. My conclusion is you are giving it away. I don't think I'm giving anything away - well not since I started on Zopa anyway. I dabbled in a very small way from 2006 until 4 years ago. I still have have quite a few pre-safeguards in defaults -many are still paying - to show for my trouble. I think my listings are done in though  . Over all I've won each year since I started. Not the heady days it was when we were more in control - I use that term loosely to describe pre automation days when one could chose their own split return rates. Myself and Mrs Aju have put quite a bit of new money into the ISA's on here and we are both waiting to transfer a good bit of SG covered stuff into ISA with SG cover retained as well. We both picked up around 25% SG before that takes place too. Returns are generally diminishing though if my stats are an indicator. I'm definitely expecting returns for the 2017-18 fin year to be down on last year but not enormously so I feel. Probably in the region of 4.6-4.7% before tax. Fortunately Mrs Aju doesn't pay tax but I do.
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. Over all I've won each year since I started. Not the heady days it was when we were more in control - I use that term loosely to describe pre automation days when one could chose their own split return rates.