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Post by misterp2p on Sept 15, 2017 9:44:34 GMT
One of the Granny investors here  so be kind.. So I'm fully in autobid and will be transferring to the "higher" returns rate after the 18th. Can someone please confirm.. 1 If I disable autobid now, I presume my funds will gradually be paid back to me as capital is repaid and interest is not reinvested and I can withdraw/ run down my holdings 2 If I don't disable autobid, I will maintain reinvestment at the parameters I have set already ( max 1% ) on A-D My current annualised return is 14.2% and my Estimated fully diversified return is 6.9%..if I can maintain something akin to this I am happy to stay put as it meets my criteria of minimal work/ desired return |
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Post by grahamreeds on Sept 15, 2017 10:06:33 GMT
For 1) that is correct.
For 2) you will until Monday.
You got those results via Autobid?! I am manual and I am 12.6% with 8.3% estimated. I won't quote my current as 4 defaults in 4 weeks have given my figures a right good kicking.
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Post by Butch Cassidy on Sept 15, 2017 10:26:41 GMT
One of the Granny investors here so be kind.. My current annualised return is 14.2% and my Estimated fully diversified return is 6.9%..if I can maintain something akin to this I am happy to stay put as it meets my criteria of minimal work/ desired return I've been with FC from the early days, so the rates available for much of that time have been lower than the recent fixed rates, I have been totally manual & never invested in property loans or farmed cashback but have achieved just over 11% annualised with a fully diversified estimate approx. 1% lower. I rate the current recovery procedures amongst the best in P2P, obviously with most loans having nothing more than a PG that doesn't mean full recoveries will always be possible but my current default recovery rate is approx. 44% which I deem as very acceptable.
As to the future; I think that the new autobid will achieve 5-7% net returns over the medium term as the sheer scale of the data FC have accumulated & the high levels of loan origination gives them a decent grasp of what they can realistically offer, my only reservations would be that we have had nearly 10 years of a fairly benign macro economic backdrop without major shocks, so business stress levels have been fairly low this may obviously not continue but if I could predict these things I wouldn't need to be investing on FC  .
I will not be using the new autobid myself as I believe I can do better manually elsewhere but I am leaving my portfolio to naturally run down & fully expect to achieve a similar level of returns as stated above but for those who want a fire & forget type investment vehicle & are happy to target 5-6% give or take I think it will prove one of the better P2P offerings.
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Post by misterp2p on Sept 15, 2017 10:28:49 GMT
Yes via autotbid although they may be including the £50 bonus in their figures ! , I've only been in 6 months. I am just wondering how much they will invest in any one enterprise going forward, given at the moment I have a limit of 1%..how much of my interest/repayments will be invested in any one entity, what is the minimum threshold for a reinvestment ?
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Post by misterp2p on Sept 15, 2017 10:53:44 GMT
For clarity, my other halfs account has been running 12 months now on autobid, no bonus..with AR11.1% and EFDR 6.9%. Unlike me, she has incurred some small bad debt.
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Post by GSV3MIaC on Sept 15, 2017 16:16:08 GMT
Beware of using the dashboard numbers from FC, since they ignore the effects of idle cash, and yes, they probably include any cashback or incentive numbers in the actual returns to date. You have to run your own IRR calculation to get a number you can hawk around. After about 4 years with them my dashboard number shows 25.7% (lots of sales at a profit, and stripped cashbacks) but the real IRR was about half that, since most of the time half the funds were idle.
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adrian77
Member of DD Central
Posts: 3,915 
Likes: 4,141
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Post by adrian77 on Sept 16, 2017 18:14:53 GMT
A very good point which FC don't seem to mention....
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so be kind..
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