star dust
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Post by star dust on Nov 28, 2017 13:21:21 GMT
Being a relative Unbolted newbie, only 3 odd months, I’m a bit bemused to find my repayments significantly outweighing my loans so far this week. I guess where loans are to individuals it may be an asset class more inclined to early repayments a bit like consumer credit lending. Or maybe people want their bling back for festive season outings, and it’ll all be in hock again in the new year  . Any musings from the more seasoned Unbolted investors? In Edit: Congratulations on a main board appearance Unbolted. I hope it doesn't turn into a double edged sword, but you're undeniably doing something right, and for a small scale investor wanting a different asset class on a very smooth running responsive Platform I'm still happy  . |
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dermot
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Post by dermot on Nov 28, 2017 13:38:21 GMT
Been wondering about the sudden glut of repayments too. Like you, a recent investor, just under 3 months active.
Now UB has joined the grown ups with its own main board, did anyone fall off to make room or is it just an addition?
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star dust
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Post by star dust on Nov 28, 2017 13:47:14 GMT
Been wondering about the sudden glut of repayments too. Like you, a recent investor, just under 3 months active. Now UB has joined the grown ups with its own main board, did anyone fall off to make room or is it just an addition? Yes, it was all 'measured' by forum 'demand' here. It's actually the second quarter running that a strong interest has been shown in Unbolted, with a continuing decline in activity (among forum members and viewers) in the 'demoted' one - Rebs. It does have it's own forum though so a bit like TC it may not be quite what it seems here.
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Ukmikk
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Post by Ukmikk on Nov 29, 2017 10:32:51 GMT
This is not a new issue. Repayments have been outstripping investments for some time now, for me anyway, resulting in a steadily declining investment balance. The only options seem to be withdrawal of cash or the riskier unprotected business loans which come along from time to time (and are sometimes listed more than once to tempt those with uninvested cash). I'd like to invest more here but unless loan flow increases its likely to keep going the other way.
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applets
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Post by applets on Nov 29, 2017 10:38:58 GMT
Agree.
Now lucky if I hit a one in three chance of a £5 random allocation. The absence of roll over of renewals combined with the number of repayments means a growing cash balance.
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IFISAcava
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Post by IFISAcava on Nov 29, 2017 10:46:26 GMT
Agree.
Now lucky if I hit a one in three chance of a £5 random allocation. The absence of roll over of renewals combined with the number of repayments means a growing cash balance. Yeah, but then a couple of biggies come along and it's all fine again. At some point an equilibrium may be reached, but I think a time frame of more than a week or two is needed to judge. I've been gradually building up over 8 months and have a tidy five figure sum now, and even earlier this week I needed another top up (I keep a £500-1000 balance to make sure there are funds when a biggie hits, given that it takes a day to get funds deposited).
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stub8535
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Post by stub8535 on Nov 29, 2017 11:00:52 GMT
With the main board listing I would expect a net increase in cash inflow onto platform. This reduces still further the allocations at renewal time from its current 2/3rds on average in my portfolio leading to increased pot of uninvested cash.
I predicted my invested pot would fall to 50% of its current size inside 6 months of the introduction of the £5 lottery. This may well accelerate now.
Just when you think you have a solution to unsmoothed and lumpy investments on platform the operations change and it's back to the drawing board.
I still like the platform and the asset classes it gives exposure to but, like with collateral, I see a diminishing invested pot over time.
Maybe time to invest in bitcoin👿
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Ukmikk
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Post by Ukmikk on Nov 29, 2017 14:01:36 GMT
Agree.
Now lucky if I hit a one in three chance of a £5 random allocation. The absence of roll over of renewals combined with the number of repayments means a growing cash balance. Yeah, but then a couple of biggies come along and it's all fine again. At some point an equilibrium may be reached, but I think a time frame of more than a week or two is needed to judge. I've been gradually building up over 8 months and have a tidy five figure sum now, and even earlier this week I needed another top up (I keep a £500-1000 balance to make sure there are funds when a biggie hits, given that it takes a day to get funds deposited). The 'biggies' are only a solution if you don't mind a. the increased risk without a correspondingly increased rate, and b. Investing a high proportion of your funds into a single loan.
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IFISAcava
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Post by IFISAcava on Nov 29, 2017 14:10:59 GMT
Yeah, but then a couple of biggies come along and it's all fine again. At some point an equilibrium may be reached, but I think a time frame of more than a week or two is needed to judge. I've been gradually building up over 8 months and have a tidy five figure sum now, and even earlier this week I needed another top up (I keep a £500-1000 balance to make sure there are funds when a biggie hits, given that it takes a day to get funds deposited). The 'biggies' are only a solution if you don't mind a. the increased risk without a correspondingly increased rate, and b. Investing a high proportion of your funds into a single loan. Agreed if you mean just within Unbolted, but (for me) across all platforms it isn't a large proportion, so I am happy with the risk. But yes, I have a skewed portfolio in UB with most funds in a few small three figure biggies and less money across lots of single figure smallies.
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Ukmikk
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Post by Ukmikk on Nov 29, 2017 14:23:25 GMT
The 'biggies' are only a solution if you don't mind a. the increased risk without a correspondingly increased rate, and b. Investing a high proportion of your funds into a single loan. Agreed if you mean just within Unbolted, but (for me) across all platforms it isn't a large proportion, so I am happy with the risk. But yes, I have a skewed portfolio in UB with most funds in a few small three figure biggies and less money across lots of single figure smallies. Fair enough, but one bad biggie could potentially wipe out all the interest earned from everything else (within Unb).
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IFISAcava
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Post by IFISAcava on Nov 29, 2017 14:27:50 GMT
Agreed if you mean just within Unbolted, but (for me) across all platforms it isn't a large proportion, so I am happy with the risk. But yes, I have a skewed portfolio in UB with most funds in a few small three figure biggies and less money across lots of single figure smallies. Fair enough, but one bad biggie could potentially wipe out all the interest earned from everything else (within Unb). True - and one bad biggie on another platform too. Hence no loan more than 1% of P2P portfolio, and most are in the 0.01-0.1% range. And of course Unbolted has most loans protected (at the cost of lower returns mind you)
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stub8535
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Post by stub8535 on Nov 30, 2017 4:04:19 GMT
Being a relative Unbolted newbie, only 3 odd months, I’m a bit bemused to find my repayments significantly outweighing my loans so far this week. I guess where loans are to individuals it may be an asset class more inclined to early repayments a bit like consumer credit lending. Or maybe people want their bling back for festive season outings, and it’ll all be in hock again in the new year . Any musings from the more seasoned Unbolted investors? In Edit: Congratulations on a main board appearance Unbolted. I hope it doesn't turn into a double edged sword, but you're undeniably doing something right, and for a small scale investor wanting a different asset class on a very smooth running responsive Platform I'm still happy . One unexpected peak in repayments this year corresponded with wedding season where people redeemed watches, jewellery and the like for the short term. I think there was an origination peak that was probably linked with credit card bills hitting post Christmas.
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. Any musings from the more seasoned Unbolted investors?
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