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Post by jackpease on Sept 20, 2017 9:22:52 GMT
I also think it will be devilishly hard if not impossible to monitor change in performance. But if the current cash drag continues, and they make a habit of prioritising bulk loans, that'd signal to me that things will head southwards.
It's all too easy to flounce out/threaten to flounce out but other 'fund and forget' non-property based p2p are all heading southwards so its whether FC is worsening quicker than the alternatives (which may be flattered by their youth and lack of duff loans).
Jack P
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al
Posts: 49 
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Post by al on Sept 20, 2017 10:00:27 GMT
The FC platform has hitherto allowed one to obsess in a manner not typically available to the average speculative investor!
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Post by df on Sept 20, 2017 12:00:36 GMT
I had first loan picked up by autobid today and it is 60 months D. Not bad, I was expecting A+ as my portfolio doesn't have any A/A+.
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Post by mikeyp on Sept 20, 2017 12:30:49 GMT
My current portfolio has a good deal of property and my first purchase on the PM with the new system was a property loan. If they are trying to match existing loans, it would seem to go against the idea of average exposure and returns.
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al
Posts: 49
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Post by al on Sept 20, 2017 12:52:50 GMT
My current portfolio has a good deal of property and my first purchase on the PM with the new system was a property loan. If they are trying to match existing loans, it would seem to go against the idea of average exposure and returns. My understanding (possibly completely mistaken) was that new investment would be where the allocation logic comes in. I don't think they are rebalancing prior portfolios.
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Post by GSV3MIaC on Sept 20, 2017 13:31:09 GMT
You are correct about new autobid ignoring history, however you may be optimistic in assuming it has any 'allocation logic' .. it may be that they just throw you random loans from the top of the stack and assume that "statistics" will ensure that your 200 bones will add up to the intended skeleton, plus or minus the acceptable error rate. If it does have allocation logic the results will probably be even whackier. 8>.
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al
Posts: 49
Likes: 13
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Post by al on Sept 20, 2017 13:48:09 GMT
You are correct about new autobid ignoring history, however you may be optimistic in assuming it has any 'allocation logic' .. it may be that they just throw you random loans from the top of the stack and assume that "statistics" will ensure that your 200 bones will add up to the intended skeleton, plus or minus the acceptable error rate. If it does have allocation logic the results will probably be even whackier. 8>. Chortle! Yes, it would be quite a task, programmatically, to achieve an individual target per investor, I suspect.
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Post by GSV3MIaC on Sept 20, 2017 13:53:46 GMT
You are correct about new autobid ignoring history, however you may be optimistic in assuming it has any 'allocation logic' .. it may be that they just throw you random loans from the top of the stack and assume that "statistics" will ensure that your 200 bones will add up to the intended skeleton, plus or minus the acceptable error rate. If it does have allocation logic the results will probably be even whackier. 8>. Chortle! Yes, it would be quite a task, programmatically, to achieve an individual target per investor, I suspect. It would require predicting the future, and FC have yet to manage predicting (well 'documenting') the past. The best they could aspire to would be to give you a balanced A/B/C/D/E mix. by remembering what you had already been awarded, but I suspect that is more clever than they are ready for, and they actually just give you, at random, whatever needs funding.
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fp
Posts: 1,008
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Post by fp on Sept 20, 2017 18:16:44 GMT
12 today, 7 yesterday, including one second hand cast off  |
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markr
Member of DD Central
Posts: 766
Likes: 426
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Post by markr on Sept 20, 2017 18:22:25 GMT
How are you doing it? I have bought absolutely nothing since Monday, and now have £300 of idle funds! My lending is on and set to balanced.
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al
Posts: 49
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Post by al on Sept 20, 2017 19:32:58 GMT
How are you doing it? I have bought absolutely nothing since Monday, and now have £300 of idle funds! My lending is on and set to balanced. Dunno - I had £150 when I turned lending back on this aft; 5 £20 tranches went fairly quickly, 2 more gone when I got in just now, down to £10.
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fasty
Member of DD Central
Posts: 1,038
Likes: 388
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Post by fasty on Sept 20, 2017 21:51:11 GMT
How are you doing it? I have bought absolutely nothing since Monday, and now have £300 of idle funds! My lending is on and set to balanced. I'm obviously missing something too! Similar balance and zero loan parts bought. Cash just sitting there, tempting me to press "transfer out".
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david42
Member of DD Central
Posts: 419
Likes: 346
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Post by david42 on Sept 20, 2017 22:38:02 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 was:
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 0.5% spread over 2 loans.
20 Sep In primary market it spent 6.0% spread over 13 loans. In secondary market it spent 0.3% spread over 5 loans.
21 Sep In primary market it spent 10.3% spread over 23 loans. In secondary market it spent 0.4% spread over 6 loans.
22 Sep In primary market it spent 6.2% spread over 14 loans. In secondary market it spent 0.1% spread over 8 loans.
23 Sep In primary market it spent 0.0% spread over 0 loans. In secondary market it spent 0.0% spread over 3 loans.
24 Sep No purchases
25 Sep In primary market it spent 7.5% spread over 15 loans. In secondary market it spent 0.0% spread over 0 loans.
26 Sep In primary market it spent 5.0% spread over 10 loans. In secondary market it spent 0.7% spread over 9 loans.
27 Sep In primary market it spent 4.5% spread over 9 loans. In secondary market it spent 1.0% spread over 12 loans.
28 Sep In primary market it spent 2.0% spread over 5 loans. In secondary market it spent 0.3% spread over 7 loans.
29 Sep In primary market it spent 4.0% spread over 8 loans. In secondary market it spent 0.0% spread over 1 loans.
30 Sep In primary market it spent 0.0% spread over 0 loans. In secondary market it spent 0.1% spread over 2 loans.
01 Oct In primary market it spent 0.0% spread over 0 loans. In secondary market it spent 1.8% spread over 8 loans.
02 Oct In primary market it spent 1.5% spread over 3 loans. In secondary market it spent 0.3% spread over 6 loans.
03 Oct In primary market it spent 4.0% spread over 8 loans. In secondary market it spent 0.2% spread over 11 loans.
04 Oct In primary market it spent 4.0% spread over 8 loans. In secondary market it spent 0.4% spread over 27 loans.
05 Oct In primary market it spent 5.5% spread over 11 loans. In secondary market it spent 2.2% spread over 18 loans.
06 Oct In primary market it spent 2.5% spread over 5 loans. In secondary market it spent 0.5% spread over 11 loans.
07 Oct In primary market it spent 0.0% spread over 0 loans. In secondary market it spent 1.3% spread over 72 loans.
08 Oct In primary market it spent 0.0% spread over 0 loans. In secondary market it spent 0.1% spread over 8 loans.
09 Oct In primary market it spent 7.0% spread over 14 loans. In secondary market it spent 2.9% spread over 27 loans.
10 Oct In primary market it spent 4.5% spread over 9 loans. In secondary market it spent 0.1% spread over 6 loans.
11 Oct In primary market it spent 3.5% spread over 7 loans. In secondary market it spent 0.3% spread over 23 loans.
12 Oct In primary market it spent 5.0% spread over 10 loans. In secondary market it spent 4.1% spread over 25 loans.
(95% of cash invested. 30% more cash added)
13 Oct In primary market it spent 0.0% spread over 0 loans. In secondary market it spent 0.2% spread over 2 loans.
14 Oct In primary market it spent 0.0% spread over 0 loans. In secondary market it spent 0.4% spread over 3 loans.
15 Oct No purchases
16 Oct In primary market it spent 4.1% spread over 9 loans. In secondary market it spent 0.8% spread over 3 loans.
17 Oct In primary market it spent 3.0% spread over 6 loans. In secondary market it spent 0.4% spread over 3 loans.
18 Oct In primary market it spent 10.5% spread over 21 loans. In secondary market it spent 0.5% spread over 2 loans.
19 Oct In primary market it spent 6.7% spread over 14 loans. In secondary market it spent 2.0% spread over 12 loans.
Fully invested
Conclusions:
- primary market investments are always 0.5% in each loan.
- secondary market investments are random sizes.
- Autobid took 4 weeks to invest 100% cash from a standing start.
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metoo
Member of DD Central
Posts: 555
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Post by metoo on Sept 21, 2017 2:36:33 GMT
To those who didn’t get any funds lent - I presume you did accept the new T&Cs, and worth checking in Lending Settings that lending is not Paused. I’ve lent 15% of my reduced pot now across 30 businesses.
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agent69
Member of DD Central
Posts: 6,044
Likes: 4,437
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Post by agent69 on Sept 21, 2017 17:27:49 GMT
Put £200 into my FC account as a trial a couple of hours ago and £180 gone within 90 minutes (selection from A+ to E)
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