michaelc
Member of DD Central
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Post by michaelc on May 24, 2018 11:28:45 GMT
So I put in 1K about two months ago just to see how it would fair.
The my profile page now shows the below. Am I right that the total amount now held by Welendus is 14.59 + 1007.88 ? If so that looks good. I might start ramping up (although I seem to have relatively speaking quite a lot queued so maybe there is no point?).
Also on has it already been covered somewhere on the board how likely it is to receive a provision fund bonus (I think that is what the 14.59 is) since it would seem in my case that is two thirds of my interest.
Unassigned Deposit
£14.59
Current Investments
£1,000.00
Current Profit
£7.88
Investment Balance
£1,007.88
Lent Out
£126.55
Queued
£881.33
Total Earned
£7.88
Additional Earnings
£14.59
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Post by df on May 26, 2018 14:57:38 GMT
So I put in 1K about two months ago just to see how it would fair. The my profile page now shows the below. Am I right that the total amount now held by Welendus is 14.59 + 1007.88 ? If so that looks good. I might start ramping up (although I seem to have relatively speaking quite a lot queued so maybe there is no point?). Also on has it already been covered somewhere on the board how likely it is to receive a provision fund bonus (I think that is what the 14.59 is) since it would seem in my case that is two thirds of my interest. Unassigned Deposit £14.59 Current Investments £1,000.00 Current Profit £7.88 Investment Balance £1,007.88 Lent Out £126.55 Queued £881.33 Total Earned £7.88 Additional Earnings £14.59 Probably no use to compare to yours because I was drip feeding since December (the last £100 investment is only 2 weeks old), but at least "current investments" figure is the same. The range of rates I set is from 8% to 15%: Current Investments - £1,000.00 Current Profit - £13.37 Investment Balance - £1,013.37 Lent Out - £916.95 Queued - £96.42 Total Earned - £13.37 Additional Earnings - £14.15 (PF bonus) I'm surprised that you have so much queued funds. Could it be something to do with the rates you set?
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michaelc
Member of DD Central
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Post by michaelc on May 26, 2018 17:59:54 GMT
Additional Earnings - £14.15 (PF bonus) I'm surprised that you have so much queued funds. Could it be something to do with the rates you set? Yes probably and also I didn't get "influencer bonus" like you (just kidding !!) I'd set it at 15% only. A few days ago I widened it to 12%-15% and now have a further £200 invested. What is yours set to? What I don't get is if the PF has compensated for lack of interest in defaulted loans, wouldn't someone with all 15% loans do better than someone with less? So how come you're doing better?
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Post by df on May 27, 2018 0:41:20 GMT
Additional Earnings - £14.15 (PF bonus) I'm surprised that you have so much queued funds. Could it be something to do with the rates you set? Yes probably and also I didn't get "influencer bonus" like you (just kidding !!) I'd set it at 15% only. A few days ago I widened it to 12%-15% and now have a further £200 invested. What is yours set to? What I don't get is if the PF has compensated for lack of interest in defaulted loans, wouldn't someone with all 15% loans do better than someone with less? So how come you're doing better? Mine are 8%, 11%, 11.5%, 12%, 12.5%, 13%, 13.5%, 14%, 14.5% and 15%. I though it would be interesting to test and compare how different rates will perform in a long term. It is too early to make any conclusions, but so far I've noticed that 15%er sits in a queue a bit longer than others. In my understanding it works similar to RS and GS (when they were offering 2 rates), lower rates within the same risk area will have priority in the queue. I think I'm doing better because I've invested for longer (most of my drip feeding was done in Dec-Feb) and I went for slightly lower rates. The one that earned me most so far is 13.5%er invested at the end of January, but by percentage of return the current winner is 12.5%er invested two months ago.
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Post by Proptechfish on May 28, 2018 22:08:47 GMT
What I don't get is if the PF has compensated for lack of interest in defaulted loans, wouldn't someone with all 15% loans do better than someone with less? The provision fund just refunds the invested balance without the interest when a loan goes over due. You can set this in investment criteria, mine is currently 14 days. The additional earnings was a short term promotion that paid this lost interest, but i believe the promotion has not long finished. So with out that promotion there should be no difference in PF returns based on expected rate. What i'm waiting to see is what happens when the PF inevitably reaches zero. When i first signed up i think it was 30k PF to 72k live loan (41.66%), its now a poultry 17k to 117k live loans (14.5%). I'm struggling to see how the model will work long term with out a cash injection to the PF. My rates have been reasonable but still a little early to draw a definitive conclusion.
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michaelc
Member of DD Central
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Post by michaelc on May 29, 2018 11:19:19 GMT
What I don't get is if the PF has compensated for lack of interest in defaulted loans, wouldn't someone with all 15% loans do better than someone with less? The provision fund just refunds the invested balance without the interest when a loan goes over due. You can set this in investment criteria, mine is currently 14 days. The additional earnings was a short term promotion that paid this lost interest, but i believe the promotion has not long finished. So with out that promotion there should be no difference in PF returns based on expected rate. What i'm waiting to see is what happens when the PF inevitably reaches zero. When i first signed up i think it was 30k PF to 72k live loan (41.66%), its now a poultry 17k to 117k live loans (14.5%). I'm struggling to see how the model will work long term with out a cash injection to the PF. My rates have been reasonable but still a little early to draw a definitive conclusion. ;;;; Ahh the bit in bold was what I didn't realise. Thanks for clearing that up. Regarding the PF size, doesn't that increase when repayments are made? I seem to recall there was a split where around 50% of the interest went to the platform and almost 50% to the PF. (The small remainder going to us as the 8-15% or whatever it is).
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hendragon
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Post by hendragon on May 29, 2018 12:43:55 GMT
my experience is similar to df and michaelc. Some £800 drip fed over 3 months with a profit of some £15. Went for the 12-15 % range of lending. The number of defaults looks to be unsustainable for the PF IMHO. To which end I decided to sell up. £688 realised straight away and a lightning fast transfer into my bank account within 2 hours, a very good and very fast system.
I rather think this platform does many things very well, however the sustainability of finding the right borrowers, maintaining the PF, and the risk/reward ratio for the lenders has me "out" at this time.
Best of luck to the platform and any lenders staying in though
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Post by sayyestocress on May 29, 2018 16:38:47 GMT
I've got a similar amount in at the moment and will be keeping it in whilst there are funds in the provision fund. I'm hoping they manage to get back some of the non-payment within 90 day loans as (I assume) they will help restore the provision fund. Hopefully the borrower criteria is being tightened up, too, so it takes less of a hammering.
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hendragon
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Post by hendragon on May 30, 2018 10:42:44 GMT
I know that there is no guarantee that you can sell a loan when you wish to exit, but all things considered this has been one of the best and easiest exits from any platform I have invested in.
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Post by nsiam on Aug 26, 2018 14:08:54 GMT
Hi All,
It will be great to get some updates here for new users.
Also, I would like to let you know that we have high loan demand at the moment with a very short queue. Cash drag is almost nil.
Thanks, Nadeem
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Post by Ace on Aug 26, 2018 18:14:17 GMT
Hi All, It will be great to get some updates here for new users. Also, I would like to let you know that we have high loan demand at the moment with a very short queue. Cash drag is almost nil. Thanks, Nadeem I joined Welendus as a lender 13 days ago and made a £100 investment on each of the subsequent 5 days. These were at rates ranging from 7% to 15%. The first 4 investments were each fully lent out within 24 hours. The last investment, which was at 15%, got no loans allocated in a couple of days. So, I widened the rate a bit and it then got fully lent out in 24 hours. Of these 50 loans, 8 have already paid back early. All of the returned capital and most of the interest (21p) was also re-lent out within 24 hours. It's obviously too early to comment on rates achieved. I should declare that I have a small equity investment in Welendus. I too would be interested to hear how the above posters' Welendus experiences are progressing.
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Post by Proptechfish on Aug 26, 2018 18:46:24 GMT
I've been invested 6 months initially at a 8-12% range more recently increased that to 10-15%. Return rate for the year is 6.34%. However i did sell off half of my investment to consolidate two instructions in to one, meaning i would have sacrificed a bit of return. I'm expecting the rate to stabilise over the next 3 months at around 8% for the year.
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Post by df on Aug 28, 2018 23:43:38 GMT
Hi All, It will be great to get some updates here for new users. Also, I would like to let you know that we have high loan demand at the moment with a very short queue. Cash drag is almost nil. Thanks, Nadeem I joined Welendus as a lender 13 days ago and made a £100 investment on each of the subsequent 5 days. These were at rates ranging from 7% to 15%. The first 4 investments were each fully lent out within 24 hours. The last investment, which was at 15%, got no loans allocated in a couple of days. So, I widened the rate a bit and it then got fully lent out in 24 hours. Of these 50 loans, 8 have already paid back early. All of the returned capital and most of the interest (21p) was also re-lent out within 24 hours. It's obviously too early to comment on rates achieved. I should declare that I have a small equity investment in Welendus. I too would be interested to hear how the above posters' Welendus experiences are progressing. I've increased my Welendus holding by 60% this month. Last chunk was today, 80% of it was lent in a couple of hours at 12.5%. I'm still in the test mode, but so far my Welendus experience is positive. The largest return from a single investment is 7.8% (5 months old), my first (19th Dec 17) earned 5.5% - I'm happy with this range of return when the capital is protected by PF. I think WLD is a good model and improvements made since the start came a long way.
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elliotn
Member of DD Central
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Post by elliotn on Sept 9, 2018 16:12:54 GMT
I joined Welendus as a lender 13 days ago and made a £100 investment on each of the subsequent 5 days. These were at rates ranging from 7% to 15%. The first 4 investments were each fully lent out within 24 hours. The last investment, which was at 15%, got no loans allocated in a couple of days. So, I widened the rate a bit and it then got fully lent out in 24 hours. Of these 50 loans, 8 have already paid back early. All of the returned capital and most of the interest (21p) was also re-lent out within 24 hours. It's obviously too early to comment on rates achieved. I should declare that I have a small equity investment in Welendus. I too would be interested to hear how the above posters' Welendus experiences are progressing. I've increased my Welendus holding by 60% this month. Last chunk was today, 80% of it was lent in a couple of hours at 12.5%. I'm still in the test mode, but so far my Welendus experience is positive. The largest return from a single investment is 7.8% (5 months old), my first (19th Dec 17) earned 5.5% - I'm happy with this range of return when the capital is protected by PF. I think WLD is a good model and improvements made since the start came a long way. Having a first look - could I ask what rates the 2 loans were set at, I think the PF bonus is still paying the requested interest on returned investments for missed repayments so does this not make whole the requested rate? thanks.
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Post by df on Sept 9, 2018 20:52:01 GMT
I've increased my Welendus holding by 60% this month. Last chunk was today, 80% of it was lent in a couple of hours at 12.5%. I'm still in the test mode, but so far my Welendus experience is positive. The largest return from a single investment is 7.8% (5 months old), my first (19th Dec 17) earned 5.5% - I'm happy with this range of return when the capital is protected by PF. I think WLD is a good model and improvements made since the start came a long way. Having a first look - could I ask what rates the 2 loans were set at, I think the PF bonus is still paying the requested interest on returned investments for missed repayments so does this not make whole the requested rate? thanks. The first one (19 Dec) was set at 11.5% and the one that earned me most was at 12.5%. However, since new feature was introduced I widened the range and kept changing them. When the queue got long I allowed for lower rates, now they are all set at high end. PF bonus is paying monthly, but I'm not sure whether it tops up to the requested interest or not. I'm guessing that the the interest% displayed against each investment doesn't include bonus because bonuses seems to be recorded as separate payments and definitely not included in "manage investment" page. My "total earned" is almost exactly the same as "additional earnings" (bonuses) - total income against my current balance is 4.2%, but these details are useless because I was drip feeding from the start: first investments were very slow to lend and the recent ones are too new to generate notable income.
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