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Post by stanyko on Jul 9, 2014 20:36:21 GMT
Since new queue I've hardly invest real money. It seems to me more complicated, because before I was able to increase/decrease amonut of investments by playing with interest rates. Now the rate is irrelevant and I am investing lees via profile.. So how to increase number of invetments? BTW, I'd don't plan to invest in B+
Thanks.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323 
Likes: 897
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Post by JamesFrance on Jul 10, 2014 7:51:32 GMT
We are all in the same position. It would seem that the only way to get your funds loaned is to take on a much higher level of risk. I do hope they will think again and maybe ask for investor's opinions before making major changes to the bidding system.
I would like to continue to add money but now find that impossible.
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Post by stanyko on Jul 10, 2014 8:26:24 GMT
We are all in the same position. It would seem that the only way to get your funds loaned is to take on a much higher level of risk. I do hope they will think again and maybe ask for investor's opinions before making major changes to the bidding system. I would like to continue to add money but now find that impossible. I'm really disapointed by those changes.. I can't relly on my profiles anymore as I have no idea how it works (ok I read about, but it doesn't seems to work for me no matter how I change my profiles).. I believe I can't keep on with long term investing strategy as before.. If some was able to overcome new bidding system, pls share any indication 
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Post by batchoy on Jul 10, 2014 8:48:07 GMT
At the moment I continue to get next to nothing with my profiles even my high risk profile which should be eligible for every A1000 loan since it has the worst possible DIR, interest rates set at the country minimums etc is picking up virtually nothing. The only way I am investing anything is manually through B+, attempting to flip everything that I pick up on B+ and being utterly ruthless with late payers, however this does take an inordinate amount of time to manage.
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Post by stanyko on Jul 10, 2014 9:40:26 GMT
At the moment I continue to get next to nothing with my profiles even my high risk profile which should be eligible for every A1000 loan since it has the worst possible DIR, interest rates set at the country minimums etc is picking up virtually nothing. The only way I am investing anything is manually through B+, attempting to flip everything that I pick up on B+ and being utterly ruthless with late payers, however this does take an inordinate amount of time to manage. Is the extra effort/time worth the gains from B+?
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Post by batchoy on Jul 10, 2014 11:58:00 GMT
At the moment I continue to get next to nothing with my profiles even my high risk profile which should be eligible for every A1000 loan since it has the worst possible DIR, interest rates set at the country minimums etc is picking up virtually nothing. The only way I am investing anything is manually through B+, attempting to flip everything that I pick up on B+ and being utterly ruthless with late payers, however this does take an inordinate amount of time to manage. Is the extra effort/time worth the gains from B+? It is too soon to say, give it 6 months and I will let you know.
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Post by batchoy on Jul 15, 2014 6:54:39 GMT
Looking at my numbers for this month so far with fewer B loans and a lot more B+ loans coming to their first payment date, I have a proportionately higher number of B loans than B+ loans missing their first payment
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james
Posts: 2,205
Likes: 955
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Post by james on Jul 22, 2014 6:26:56 GMT
For me the change has resulted in a reduction to one ninth the amount lent in June compared to April and earlier months. If I had not increased my bid size that would have been more like one fifteenth.
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Post by reeknralf on Jul 24, 2014 7:30:52 GMT
Hello
So, I'm new to all this, didn't know the old system and so perhaps I'm in a first flush of naivety/positivity; but I don't understand the problem.
I set up 3 managers 10 days ago for estonia, slovakia and finland taking all AB, 800-1000 loans with loan/income under 59%. I've picked up 9, 6, and 15 loans respectively, i.e. 1 loan per day per manager, which for me currently is €30/d or €11000/yr. 2/3 are A. 90% are 1000.
Given I could have 10 managers, and double up to €20 a loan, I could be investing €73000/yr. Seems like plenty to me.
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Post by wiseclerk on Jul 24, 2014 8:22:40 GMT
Did you include Bondora+ loans? Then there is no shortage.
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Post by batchoy on Jul 24, 2014 8:48:41 GMT
Hello So, I'm new to all this, didn't know the old system and so perhaps I'm in a first flush of naivety/positivity; but I don't understand the problem. I set up 3 managers 10 days ago for estonia, slovakia and finland taking all AB, 800-1000 loans with loan/income under 59%. I've picked up 9, 6, and 15 loans respectively, i.e. 1 loan per day per manager, which for me currently is €30/d or €11000/yr. 2/3 are A. 90% are 1000. Given I could have 10 managers, and double up to €20 a loan, I could be investing €73000/yr. Seems like plenty to me. Do FIN and SVK loans constitute the major proportion of the loans that you are picking up? As you may pick up from other posts a lot of lenders avoid or have minimal exposure to FIN, SVK and ESP loans due to the minimal historical data for default and recovery rates, and known issues with recovering debts in FIN, preferring to stick with EST loans. The other thing is as wiseclerk asks are you including B+ loans in your profiles? Again we have no history on the quality of B+ loans and at the moment of those that I have not managed to flip I am seeing a significant number that have not made their first payment, though as I posted earlier for the same month I have a higher percentage B loans that missed their first payment however I have managed to sell most of the B loans with a missed/late repayment. Something that I have noticed over the past week is that there seems to be a proliferation of self assessed loans where no verification or cross checking is being carried out by Bondora and there seems to be no increase in the rates being charged/paid for what I perceive to be even higher risk loans
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Post by reeknralf on Jul 24, 2014 10:53:09 GMT
No, I'm not buying B+, or at least not with the portfolio managers.
I put the numbers of loans by country in my earlier post. Most Slovakian, fewest Finnish. I see in the stats Bondora give that Slovak loans have the poorest net yield, which is perhaps why I'm getting most of these. In fact I've paused that portfolio manager and added a Spanish one.
Either way, I'm still getting 1ish Estonian loans a day. Whether 10 Estonian-focused loan managers would yield 10 loans a day, I obviously have no idea. From my understanding of how the queues work, they should.
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james
Posts: 2,205
Likes: 955
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Post by james on Jul 24, 2014 12:18:54 GMT
If increasing the number of managers for the same loan specification increases the number of loans you get the system would be quite badly broken. It's described as tracking queues at lender level, not manager, and that is how it seems to work. One manager set to AB800-1000 and several countries should have the same number of matches as splitting into A800, A900, A1000, B800, B900, B1000 for each country. There are different queues for each interest rate so if you don't have one that goes all the way down to 15% adding one that goes lower than your current rates could increase the number of loans.
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Post by reeknralf on Jul 24, 2014 17:26:04 GMT
I see. Mine are all set at 6% so they pick up even the safest loans.
Setting managers with A1000, A900, B1000 etc. isn't going to help. The A1000 manager only moves up the queue when A1000 loans are issued, mutatis mutandis the other managers. My AB 800-1000, moves up the queue when any of these loans are issued, and so should rotate round the queues at the same speed as the combined speed of 6 managers with A1000, A900, B1000 etc.
So if I have 10 Estonian managers set at 6%, 7%, 8%.... Then, given that there seem to be very few loans under 15%, I will get roughly 10 times as many loans? Or will they reason that all the managers are eligible for a 20% loan and thus only move one of them up the queue when a 20% loan is issued?
What happens if I have them investing different amounts, €10, €11, €12...
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on Jul 24, 2014 18:40:07 GMT
This is the explanation from the Bondora website.
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