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Post by boxhamster on Mar 27, 2019 9:34:53 GMT
Update 27.03.2019: Portfolio: 1080.52€ Overdue loans: 837€ (that's ~77%)
It's getting better and better... Still had no response from Robocash to my email and also not on Twitter. As they do not seem to care, I'll be closing my account there.
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Cash Drag
Mar 31, 2019 18:49:23 GMT
via mobile
Post by boxhamster on Mar 31, 2019 18:49:23 GMT
Update 31.03.2019:
Portfolio: 1081.79€
Overdue loans: 970€ (that's ~90%)
I've stopped investing now and very slowly my money is coming back in. And I guess in a max of 60 days I'll be able to move it.
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Post by glensm on Apr 8, 2019 10:48:58 GMT
I, too, after months of 60%+ drag on loans have given up on Robocash. Just a few hundred € left in. It was nice whilst it lasted.
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Cash Drag
Apr 8, 2019 11:28:19 GMT
via mobile
Post by Ace on Apr 8, 2019 11:28:19 GMT
I, too, after months of 60%+ drag on loans have given up on Robocash. Just a few hundred € left in. It was nice whilst it lasted. Might be worth checking your auto-invest settings, or contacting Robocash CS. I've had no cash drag at all for many months now.
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Post by lotus_eater on Apr 19, 2019 9:30:34 GMT
I, too, after months of 60%+ drag on loans have given up on Robocash. Just a few hundred € left in. It was nice whilst it lasted. Might be worth checking your auto-invest settings, or contacting Robocash CS. I've had no cash drag at all for many months now. I just started investing with them last week and it gobbled up €5k in a matter of hours. It said there were 24k loans that matched my criteria (I set it to max 30 day loans). So I agree with Ace, check your settings.
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Post by bilko on Sept 14, 2019 8:07:46 GMT
Cash drag is back. Only 40% invested for me.
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Post by Ace on Sept 14, 2019 8:41:30 GMT
Cash drag is back. Only 40% invested for me. It was for me to yesterday (20% uninvested), but it's back to almost fully invested this morning.
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Post by kl on Dec 16, 2019 19:28:24 GMT
Just checked. Cash drag is now over 60%, 30% delayed, and only 10% current. Are we UK investors slowly moved off the platform ?  |
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Post by Ace on Dec 16, 2019 20:58:32 GMT
I'm a UK investor. I currently have 8% cash drag, 76% current, and 16% overdue.
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benaj
Member of DD Central
N/A
Posts: 5,591 
Likes: 1,735
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Post by benaj on Dec 16, 2019 23:50:36 GMT
My small sample of 10 loans are current. 0 cash drag.
2 out of 3 ph loans repaid within 10 days, the other PH loan repaid within 60 days. Too early to comment my VN loans atm, at least another 120 days to go before repayment.
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Post by jmot on Dec 16, 2019 23:58:19 GMT
Just checked. Cash drag is now over 60%, 30% delayed, and only 10% current. Are we UK investors slowly moved off the platform ? I have massive cash drag almost 50%, no loans have been purchased since the 1st of December even though at least once there were more than 730 loans matching my criteria. The 12% rate is just not attainable.
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Post by spaaps on Dec 17, 2019 8:09:44 GMT
Also 50% late loans ;(
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Post by robocashsupport on Dec 17, 2019 8:32:44 GMT
Dear investors,
Concerning the available loans, we add short-term ones to the platform every day. However, due to the high demand for investments on the platform, sometimes, their volume may be insufficient.
Still, we offer other opportunities - as you know, we have launched Singaporean loans recently, which are available on the platform now. To use the opportunity, we recommend you to update your portfolio settings with regard to the repayment period and the minimum interest rate.
Should you have any questions, please contact us here or at support@robo.cash.
Best regards,
Robocash Team
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Post by jmot on Dec 19, 2019 22:32:28 GMT
This evening after 19 days without a single new investment (never happened before in many months) I have decided to withdraw almost all the outstanding cash. The 12% rate is just a marketing ploy in my opinion, the nominal rate of return is substantially lower due to cash drag. I have also got other reservations about the company structure of Robocash, so my investment in this platform will very likely collapse.
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Post by kl on Jan 9, 2020 22:27:19 GMT
Contacted Robocash support. Got the standard response
"the system tries to spread the loans fairly to all investors...the number of loans may be temporarily insufficient...reduce your interest range from 12% to 10%" 
Does not explain why I got no new loans in December whilst a mate of mine with identical portfolio setting but a smaller portfolio got over 3k with almost no cash drag. Although, he is now also suffering from cash drag
So long Robocash, and thanks for all the fish...
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