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Post by nesako on Nov 12, 2017 19:31:21 GMT
I have already withdrawn 90% of my holding... will only be back for a second try once Russian loans are brought in...
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kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on Nov 12, 2017 19:52:15 GMT
What I don't understand is that there wasn't a delay in getting loans slowly building up as you normally see when the total funds on the platform reaches a point where it's hit the same level as the loan availability. It was like dropping off a cliff. It seems like a +90% drop in loan availability so either KZ totally dried up or their auto-invest algorithm is very heavily biased towards larger accounts.
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Post by glensm on Nov 15, 2017 10:25:23 GMT
I have the max €10K in RC and show very little cash drag.
I suspect that in these types of loans (i.e. payday) there are cycles of demand and supply - i.e. lots of loans get paid off on payday (say for argument's sake the first of the month) and demand will increase, so if you put in a small amount <€500 it may sit idle for a bit.
I've got little complaint though it does make me a bit nervous that around half o my loans are pretty constantly late - I reckon normal for the sector but would accrue default interest/late fees but I still just get my 14%.
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Post by southseacompany on Nov 15, 2017 14:14:16 GMT
Could you all quantify your cash drag experience for comparison purposes? Then we could see if it's true that larger accounts given preferential treatment.
I have about €10k in Robocash, and right now 4.5% is cash (so I'm 95.5% invested), which doesn't seem like a dramatic amount of cash drag.
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Post by nesako on Nov 15, 2017 14:28:29 GMT
I had 1000 EUR and slowly reached 35% sat as cash... had 2 new loans in 2 weeks and then I gave up and withdrew everything...
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Nov 15, 2017 18:53:21 GMT
I had 2000€. I got 0 loans over a 4-6 week period and was withdrawing 200€ at a time whenever it crossed this threshold (plus >10€ to test for reinvestment). I am now down to 400€ but the drag seems to have stopped for the time being. This could be a change but could also be down to luck.
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Post by moneymakingmoney on Nov 22, 2017 12:06:34 GMT
Got over 3k invested and my cash balance is usually between 1 and 20%. Got to mention that it's relatively quickly reinvested (few days). As one of my favorite platforms I'm still topping up untill I see serious signs of cash drag; e.g. more than a week
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