seabbs
P2P Blogger
Posts: 41 
Likes: 22
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Post by seabbs on Sept 19, 2017 9:53:31 GMT
nice one - wonder if 'we' could 'sticky' this for daily interrogations much as the excellent loan tracker? Jack P Plots came from here: www.seabbs.co.uk/shiny/fcdashboardI host it on a small server so it should be available at all times, because of the password lockout on the loan book data I have to manually upload new data periodically. However, if you download the loan book yourself from the provided link you can have access to the latest data for a single session. If you navigate to the FC dashboard tab and reproduce those settings you can explore those plots (they are interactive), as well as exploring various other variables. If your having trouble, post in the fcdashboard thread on here, tweet me, or email me. seabbs
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Stonk
Stonking
Posts: 735
Likes: 658
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Post by Stonk on Sept 19, 2017 15:24:17 GMT
On Monday, we launched your new lending experience. In order to make sure everything works exactly as it should, and to allow us to closely monitor site performance, the number of new loans available to investors and the speed at which existing loan parts are sold has been temporarily reduced. Your funds may be deployed and loan parts may sell at a slower rate during this initial period. We expect to increase the number of loans allocated, and the speed for selling existing loan parts, significantly throughout this week.
FC, it might have been nice to know that in advance, not just after you were criticised for it!
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Post by grahamreeds on Sept 19, 2017 15:52:58 GMT
It's only because they were caught.
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metoo
Member of DD Central
Posts: 555
Likes: 432
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Post by metoo on Sept 19, 2017 16:54:31 GMT
I think my point was that demand from Whole Loan buyers is lumpy. When institutions put forward a large amount of funds, the supply to retail seems to drop. It's long seemed to be this way and I think seabbs charts bear this out. The WL buyers don't get to choose what is allocated to them, though some of them can reject what they don't like. I believe not all WL buyers do this eg FCIF doesn't except by a limit of exposure to one borrower. There is also the note that the system has been throttled to get the transition right. I don't think it's worth getting worked up about loan supply. Lets see what the returns are (XIRR) as time goes by. Once fully invested, the cash drag will probably be minimal. I have just a small pot of the new stuff for diversification for now. It would require the IFISA to attract more funds from me. Sharing the loan book is a strength of FC which adds to the credibility. Please don't give them more ideas blender . |
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fp
Posts: 1,008
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Post by fp on Sept 19, 2017 18:46:47 GMT
6 loans picked up by my account today, all nice shiny new ones with 4 and 5 year warranties  |
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Stonk
Stonking
Posts: 735
Likes: 658
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Post by Stonk on Sept 19, 2017 18:55:13 GMT
6 loans picked up by my account today, all nice shiny new ones with 4 and 5 year warranties Excellent. And, later on, they might even opt for extended warranties.
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Post by GSV3MIaC on Sept 19, 2017 19:47:47 GMT
I have several with lifetime warranties .. my lifetime, that is. 8>. What is 'warranted' is an ongoing stream of amusing updates, with the occasional penny of income.
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Post by grahamreeds on Sept 19, 2017 20:42:48 GMT
Is there a way of seeing what you have got in app? I am in a foreign country without laptop - just my phone - so while I can download my loan book, looking at it in Google Sheets is a less than satisfactory experience.
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david42
Member of DD Central
Posts: 419
Likes: 346
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Post by david42 on Sept 19, 2017 23:03:01 GMT
Speed of Autobid Lending
I opened an FC account with a lot of cash ready for the new market. I did not buy any loans until the new market started.
Autoinvest speed of investing the spare cash so far is:
18 Sep In primary market it spent 0.5% spread over 1 loan. In secondary market it spent 0.3% spread over 11 loans.
19 Sep In primary market it spent 5.3% spread over 11 loans. In secondary market it spent 0.0% spread over 0 loans.
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adrian77
Member of DD Central
Posts: 3,920
Likes: 4,145
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Post by adrian77 on Sept 20, 2017 6:51:13 GMT
Exactly it is not P2P it is pFCp asks FC for funds - FC jiggle it around with (probably) flexible credit parameters and conflates the loans- FC then lends part of it to the institutions and if you are lucky lends you some bits of the loan pot at one of two rates which may or may not reflect the rates charged to the lenders...I was going to invest £20 to test their new system but after reading about all the problems I am not even going to do that
Also if the balanced fund is oversubscribed what is to stop FC changing their credit rating for certain loans so that the conservative fund get funded with higher rate/riskier loans ...as I see it, nothing. As I said before I find this latest business model very muddled - FC ditched their auction model so they can't complain about the high number of us that have ditched them
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blender
Member of DD Central
Posts: 5,719
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Post by blender on Sept 20, 2017 7:24:16 GMT
It would require the IFISA to attract more funds from me. Sharing the loan book is a strength of FC which adds to the credibility. Please don't give them more ideas blender . I did predict that manual bidding would be removed before the IFISA would be launched but am not responsible for giving them the idea - it was just the obvious direction of travel. Likewise, the strong signs are that they want to remove transparency and accountability as far as possible, to give them flexibility without an embarrassing commentary. Both the detailed loan comments and the loan book will be on the hit list. Fortunately they are also useful to the institutional lenders.
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Post by GSV3MIaC on Sept 20, 2017 7:41:48 GMT
I think the institutional lenders /BHs just pickup the phone .. or in the case of FCIF just walk along the corridor, so the days of the loan book may be numbered too.
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ashtondav
Member of DD Central
Posts: 1,814
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Post by ashtondav on Sept 20, 2017 7:45:18 GMT
Exactly it is not P2P it is pFCp asks FC for funds - FC jiggle it around with (probably) flexible credit parameters and conflates the loans- FC then lends part of it to the institutions and if you are lucky lends you some bits of the loan pot at one of two rates which may or may not reflect the rates charged to the lenders...I was going to invest £20 to test their new system but after reading about all the problems I am not even going to do that Also if the balanced fund is oversubscribed what is to stop FC changing their credit rating for certain loans so that the conservative fund get funded with higher rate/riskier loans ...as I see it, nothing. As I said before I find this latest business model very muddled - FC ditched their auction model so they can't complain about the high number of us that have ditched them Don't give a damn as long as I get 7.5% - just don't care what goes in, what goes out or anything else. Now if new FC only deliver 5%, that's a different matter. So I'll test it for a few months and see.
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justme
Member of DD Central
Posts: 203 
Likes: 89
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Post by justme on Sept 20, 2017 8:06:16 GMT
do you have just a money you put in since 18th in it or is it your old portfolio ? if the latter then you will not know in a few months as performance will be determined by your old portfolio
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r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
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Post by r00lish67 on Sept 20, 2017 9:06:33 GMT
Exactly it is not P2P it is pFCp asks FC for funds - FC jiggle it around with (probably) flexible credit parameters and conflates the loans- FC then lends part of it to the institutions and if you are lucky lends you some bits of the loan pot at one of two rates which may or may not reflect the rates charged to the lenders...I was going to invest £20 to test their new system but after reading about all the problems I am not even going to do that Also if the balanced fund is oversubscribed what is to stop FC changing their credit rating for certain loans so that the conservative fund get funded with higher rate/riskier loans ...as I see it, nothing. As I said before I find this latest business model very muddled - FC ditched their auction model so they can't complain about the high number of us that have ditched them Don't give a damn as long as I get 7.5% - just don't care what goes in, what goes out or anything else. Now if new FC only deliver 5%, that's a different matter. So I'll test it for a few months and see. How are you going to measure your performance if your account is superficially earning say, 8.5%, but after 6 months you have 2 or 3 loans that are Risk Band Removed but not defaulted for various reasons? Not a rhetorical question - are you going to bother to estimate likelihood of default/recovery rates for each circumstance? I'm not sure of how else you're going to be able to properly assess their performance after 6 months.
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