blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Feb 6, 2018 9:24:13 GMT
Yes, over a few years retrospectively - which makes the totals high,
You are lending to 403 businesses [now, went as low as 15 property businesses in Jan 2018]
All time earnings summary
Earnings £38,276.00
Fees £4,662.38
Losses -£474.95
[Bad debt -£1,812.95
Recoveries +£1,338.00]
Net earnings £33,138.67
There are comments for 8 loans you are currently exposed to. 7 are downgraded
Going forward it will not be so exciting - and the other account is not as good. So long, and thanks for all the fish.
|
|
benaj
Member of DD Central
N/A
Posts: 5,612 
Likes: 1,740
|
Post by benaj on Feb 6, 2018 10:32:24 GMT
Mine was below 7.2% down to my own mistake of picking high risk loans.
This is my summary:
You are currently lending to 217 businesses
All time earnings summary
Earnings £2,330.79
Fees £268.10
Losses -£779.23
[Bad debt -£830.84
Recoveries +£51.61]
Net earnings £1,283.46
There are comments for 28 loans you are currently exposed to. 11 are downgraded.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Feb 6, 2018 13:42:28 GMT
Ouch! Given the variability you can see why they decided to do away with 'investor' choice, especially as the intended target has always been the saver market, requiring simplicity and predictability. This not real p2p. It's P2PINO; p2p in name only. They try to provide, effectively, a high-interest, instant-access savings account (which happens to use lending). And that's the basis on which I now use it.
|
|
|
|
Post by spareapennyor2 on Feb 6, 2018 14:05:47 GMT
jumped 2 years ago ( expect to write off £860)
what i learned / don`t do working capital / short term London property
You are currently lending to 4 businesses / minimum recovery payments
All time earnings summary
Earnings £3,220.98
Fees £328.69
Losses -£925.03
Bad debt -£1,019.09
Recoveries +£94.06
Net earnings £1,967.26
There are comments for 30 loans you are currently exposed to. 22 are downgraded.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Feb 6, 2018 14:28:02 GMT
The good recoveries on my account, 76%, were in part due to the fact that long ago I gave up defaults by buying only property loans (mostly with cash back) and selling them before the evil day. I was lucky that eventually the recoveries on my six old SME defaults were excellent. (Not so on the other account where they are about 5%, but only on 3 defaults.) Going forward with my 400 loans I expect losses without recoveries, but I am taking the statistics. I always thought that trying to choose SME non-defaulters from the data provided up front was optimistic. Though you could exclude the worst.
|
|
cobi
Member of DD Central
Posts: 76
Likes: 80
|
Post by cobi on Feb 6, 2018 20:05:51 GMT
Using the 1% fee to work out relative losses and net profit I get the following
| Blender
| Mikeyp | benaj | sparepennyor2 | godanubis | cobi | | Losses | 0.10%
| 0.33% | 2.91% | 3.10% | 7.43% | 2.21% | | Net Profit | 7.11%
| 6.57% | 4.79% | 5.99% | 0.38% | 7.31% |
|
|
benaj
Member of DD Central
N/A
Posts: 5,612
Likes: 1,740
|
Post by benaj on Feb 6, 2018 20:42:57 GMT
Using the 1% fee to work out relative losses and net profit I get the following
| Blender
| Mikeyp | benaj | sparepennyor2 | godanubis | cobi | | Losses | 0.10%
| 0.33% | 2.91% | 3.10% | 7.43% | 2.21% | | Net Profit | 7.11%
| 6.57% | 4.79% | 5.99% | 0.38% | 7.31% |
Compare those all time net profit and losses to FC stats, anyone who has less than 2.3% of losses should feel pretty good for themselves. In the past 5 years, the lowest Actual lifetime bad debt rate is 2.3% in 2012 and the highest Actual annual return to date (after fees and bad debt, before expected recoveries) is 7.1% in 2012.
|
|
p2pete
Member of DD Central
Posts: 144
Likes: 142
|
Post by p2pete on Feb 6, 2018 20:57:58 GMT
I joined after the changes so it's all auto invested. FC is the best of the platforms I use: highest returns, lowest defaults and least time consuming. Stats are below, maybe I have been lucky with FC.
Gross yield: 11.2%
Annualised return (after fees and bad debts): 10.1%
Earnings £126.08
Fees £12.08
Losses £0.00
Net earnings £114.00
You are currently lending to 401 businesses (401 loan parts) totalling £11,015.80. Your maximum exposure to any one business is 0.5% of your current amount lent.
There are comments for 14 loans you are currently exposed to. 0 are downgraded.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Feb 6, 2018 21:49:54 GMT
Using the 1% fee to work out relative losses and net profit I get the following
| Blender
| Mikeyp | benaj | sparepennyor2 | godanubis | cobi | | Losses | 0.10%
| 0.33% | 2.91% | 3.10% | 7.43% | 2.21% | | Net Profit | 7.11%
| 6.57% | 4.79% | 5.99% | 0.38% | 7.31% |
Interesting, but I am not sure how you can get that from a 1% fee. Much of my fees is sale fees of 0.25%, before September. The account has run for 5.5 years with greatly varying capital and content. The income includes £8.8k of promotions (those were the days) and about £300 net loss on trading (turning over the cash to get the promotions). Anyway. FC report my annualised net return as 11.2% over 5.5 years, after fees and losses, which is a lot better than the projected 7.3%. But at least its safe, requires no work, and is very liquid. The risk and fun is elsewhere, rather than with Aunt FC.
|
|
cobi
Member of DD Central
Posts: 76
Likes: 80
|
Post by cobi on Feb 6, 2018 22:27:27 GMT
Using the 1% fee to work out relative losses and net profit I get the following
| Blender
| Mikeyp | benaj | sparepennyor2 | godanubis | cobi | | Losses | 0.10%
| 0.33% | 2.91% | 3.10% | 7.43% | 2.21% | | Net Profit | 7.11%
| 6.57% | 4.79% | 5.99% | 0.38% | 7.31% |
Interesting, but I am not sure how you can get that from a 1% fee. Much of my fees is sale fees of 0.25%, before September. The account has run for 5.5 years with greatly varying capital and content. The income includes £8.8k of promotions (those were the days) and about £300 net loss on trading (turning over the cash to get the promotions). Anyway. FC report my annualised net return as 11.2% over 5.5 years, after fees and losses, which is a lot better than the projected 7.3%. But at least its safe, requires no work, and is very liquid. The risk and fun is elsewhere, rather than with Aunt FC. Calculation will be incorrect if there are sales fees. Sorry I've never sold so didn't take that into account.
|
|
ceejay
Posts: 975
Likes: 1,149
|
Post by ceejay on Feb 7, 2018 0:08:36 GMT
I joined after the changes so it's all auto invested. FC is the best of the platforms I use: highest returns, lowest defaults and least time consuming. Stats are below, maybe I have been lucky with FC. Maybe you have been lucky. However, if you only joined after the changes then you haven't really been in long enough to say - I noted a significant peak in default rates in loans once they got past about five months, so...
|
|
|
|
Post by jackpease on Feb 7, 2018 7:00:51 GMT
I am doing considerably better since the changeover despite not using autobuy before the change and am happy with my current returns.
That said the lesson with FC and indeed any platforms is that it takes 1-2yrs before the defaults kick in - before that you merely appear to be doing well before the inevitable happens.
Jack P
|
|
|
|
Post by mikeyp on Feb 7, 2018 8:41:43 GMT
There are items other than interest in the earnings figure. As of today, mine are...
Earnings £4,705.21
Interest £4,396.24
Loan part sales £254.32
Loan part purchases -£9.75
Promotions £64.40
|
|
cobi
Member of DD Central
Posts: 76
Likes: 80
|
Post by cobi on Feb 7, 2018 10:14:14 GMT
Here are how my losses have changed over time. Starts mid 2015 at 2.2% when I started logging data.  |
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on Feb 7, 2018 16:36:31 GMT
I joined after the changes so it's all auto invested. FC is the best of the platforms I use: highest returns, lowest defaults and least time consuming. Stats are below, maybe I have been lucky with FC. Gross yield: 11.2%
Annualised return (after fees and bad debts): 10.1%
Earnings £126.08
Fees £12.08
Losses £0.00
Net earnings £114.00
You are currently lending to 401 businesses (401 loan parts) totalling £11,015.80. Your maximum exposure to any one business is 0.5% of your current amount lent.
There are comments for 14 loans you are currently exposed to. 0 are downgraded.I suspect this might be because your account is relatively new and hasn't had time to build up bad debts. I have a NEW account that I opened when FC changed to auto-bid only (to see how it compares): Gross Yield 11.2% Annualised Return 10.0% Estimated Return 7.4% Lending to 539 businesses, £0 bad debt Comments on 21 loans, 0 downgraded Compare that to my OLD FC account which was opened 5+ years ago Gross Yield 10.5% Annualised Return 6.5% Estimated Return 7.5% Lending to 1437 businesses, £(thousands) bad debt Comments on 463 loans, 184 downgraded
|
|
