ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,155
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Post by ozboy on Nov 14, 2017 12:27:36 GMT
I'm in this for four figures and see that it's almost ground to a halt? As far as I recall it sold relatively swiftly, then there was c£17K available for a couple of weeks, and that's only now just dropped to c£16.2K, so quite slow takeup. Sothebys involved, 9.6% Return, c33% LTV, seems tidy enough to me, am I missing something?
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Nomad
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Post by Nomad on Nov 14, 2017 12:38:55 GMT
I'm in this for four figures and see that it's almost ground to a halt? As far as I recall it sold relatively swiftly, then there was c£17K available for a couple of weeks, and that's only now just dropped to c£16.2K, so quite slow takeup. Sothebys involved, 9.6% Return, c33% LTV, seems tidy enough to me, am I missing something? I am also in for 4 figures, and was thinking of taking some more. I can't see any major pitfalls...
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Post by valuehunter on Nov 14, 2017 12:57:22 GMT
I'm at 1.5x my max on this one. It's a big loan, I'm guessing others are full too rather than there being anything amiss.
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Post by Badly Drawn Stickman on Nov 14, 2017 13:03:32 GMT
If you count the .00 of my £50.00, then I am also in for four figures. Certainly looks good, but its just such a hard area to do any checking on. A banksy print you can find a value for, jewelry is fairly simple, old books and documents? Add the fact that most other loans struggle to make the £10 mark, and even for a diversity denier like me a holding of £1000 is disproportionate on this platform.
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liso
Member of DD Central
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Post by liso on Nov 14, 2017 13:10:11 GMT
From my reading of other threads on this board, some seem to be wary of investing in unprotected loans. Perversely, the fact that most of UB's loans are protected seems to have put some investors off from investing in unprotected loans, even where there is strong collateral and a low LTV.
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Post by beeje13 on Nov 14, 2017 19:25:47 GMT
Wasn't this the one that was twice issued as a new loan?
And I am fairly positive that it didn't hang around 17k, I may have dreamt it up but I thought it was 24kish last week.
It's gone from 16k to 14k today only
Perhaps someone saw this thread!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,155
Likes: 4,823
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Post by ozboy on Nov 15, 2017 11:10:03 GMT
Yer probably right about the £24K, I'm on so many Platforms it's hard to keep track without referring to my "Notes". I was considering putting more into this but will hold off, and also decided not to go for the cars on MT this morning. Getting hard to Stash Yer Cash isn't it?!!! UPDATE: I weakened, went for the cars.
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Post by beeje13 on Nov 15, 2017 11:31:26 GMT
Yer probably right about the £24K, I'm on so many Platforms it's hard to keep track without referring to my "Notes". I was considering putting more into this but will hold off, and also decided not to go for the cars on MT this morning. Getting hard to Stash Yer Cash isn't it?!!! I forgot a renewal on Collateral yesterday morning grrr. But I am going to put a small amount in each car loan on MT today. A few more renewals on Col this week. Whether I will get a slice or not is another matter.
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copacetic
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Post by copacetic on Nov 17, 2017 13:38:15 GMT
I was topping up my account today and I noticed the internal rate of return was a lot higher than it should be since my last deposit about 2 weeks ago. It seems to be the value of this loan which is affecting it. I spoke to unbolted who said that 4 months interest is payable which is reflected in the 'your current investment in this loan' but they were planning to change this next week so that it would accrue daily like other loans.
I guess people may see a dip in their balance next week if invested here ... if so, nothing to be alarmed about.
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Post by beeje13 on Nov 19, 2017 9:29:55 GMT
This loan has been 100% taken up now.
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Post by dan1 on Nov 20, 2017 12:53:04 GMT
I was topping up my account today and I noticed the internal rate of return was a lot higher than it should be since my last deposit about 2 weeks ago. It seems to be the value of this loan which is affecting it. I spoke to unbolted who said that 4 months interest is payable which is reflected in the 'your current investment in this loan' but they were planning to change this next week so that it would accrue daily like other loans. I guess people may see a dip in their balance next week if invested here ... if so, nothing to be alarmed about. Thanks copacetic. I guess this is the same as FS where the minimum interest payable by the borrower of 30 days is reflected in the accrued interest shown on the My Investments page. It's not necessarily wrong of Unbolted to show this but it may help if they provided an explanation, especially useful to those who don't follow the forum.
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Post by df on Nov 21, 2017 18:33:54 GMT
From my reading of other threads on this board, some seem to be wary of investing in unprotected loans. Perversely, the fact that most of UB's loans are protected seems to have put some investors off from investing in unprotected loans, even where there is strong collateral and a low LTV. I think it is in human nature to take favorable conditions for granted. IMO these occasional unprotected loans are more "safe" than majority of loans at similar rate on other platforms. However, the items like books, miniature models, medals etc. are not as easy to sell as gold and diamonds in case of default.
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Ukmikk
Member of DD Central
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Post by Ukmikk on Nov 22, 2017 22:41:29 GMT
From my reading of other threads on this board, some seem to be wary of investing in unprotected loans. Perversely, the fact that most of UB's loans are protected seems to have put some investors off from investing in unprotected loans, even where there is strong collateral and a low LTV. I think it is in human nature to take favorable conditions for granted. IMO these occasional unprotected loans are more "safe" than majority of loans at similar rate on other platforms. However, the items like books, miniature models, medals etc. are not as easy to sell as gold and diamonds in case of default. I think the problem is the rates have not reflected the increased risk.
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Post by dan1 on Nov 27, 2017 12:46:19 GMT
I was topping up my account today and I noticed the internal rate of return was a lot higher than it should be since my last deposit about 2 weeks ago. It seems to be the value of this loan which is affecting it. I spoke to unbolted who said that 4 months interest is payable which is reflected in the 'your current investment in this loan' but they were planning to change this next week so that it would accrue daily like other loans. I guess people may see a dip in their balance next week if invested here ... if so, nothing to be alarmed about. As per your post my Total Interest Paid and Accrued has reduced overnight. Thanks again, it has probably saved a few queries hitting Unbolted today.
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Post by Badly Drawn Stickman on Nov 27, 2017 12:49:48 GMT
I was topping up my account today and I noticed the internal rate of return was a lot higher than it should be since my last deposit about 2 weeks ago. It seems to be the value of this loan which is affecting it. I spoke to unbolted who said that 4 months interest is payable which is reflected in the 'your current investment in this loan' but they were planning to change this next week so that it would accrue daily like other loans. I guess people may see a dip in their balance next week if invested here ... if so, nothing to be alarmed about. As per your post my Total Interest Paid and Accrued has reduced overnight. Thanks again, it has probably saved a few queries hitting Unbolted today. Curiously there is some available to buy now as well.
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