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Post by jmot on Jan 10, 2020 20:01:40 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... I only have the autoinvest setup in short term loans of Kazakhstan, Spain (Philippines in the past, but stopped in early November) and I have also added Singapore. Not a single loan was purchased since the 1st of December, the Cash drag is huge. I have already withdrawn 75% of the cash and by end of Jan I shall be out if things continue as they are. As I said, in my opinion the 12% rate advertised is just a smokescreen to make sure that Robocash has always got enough cash supply to cover all their outstanding loans. The real rate of return is much lower than 12% due to cash drag. This is what many fake blog reviewers in their fake reviews do not point out in addition to a very opaque corporate structure which is not a real holding structure.
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Post by jmn on Jan 24, 2020 20:40:35 GMT
I found a good balance at 4K invested at 12%. My cashdrag oscillates between 0 and 200, often zero.
The overall yield will be lower than 12%, but still very close. So far I had no bad surprise with Robocash. The website looks like it had been designed in 2002 but it's very effecient.
Mintos Pending payment and money of day N transfered after midnight (so day N+1) also makes me lose a few 0.1%s
No platform is perfect. At least their accounts are correct.
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Post by spaaps on Jan 27, 2020 6:51:41 GMT
I had the first investment after 7th of December yesterday, almost withdrew all the money  |
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Post by Ace on Jan 27, 2020 8:42:06 GMT
I gave in a few days ago and lowered my auto invest limit to 10%. All spare cash was invested that day. I've been fully invested since, but have only received 10% loans.
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Post by jmot on Jan 28, 2020 22:21:14 GMT
I withdrew all my remaining money this past Monday: I can get 10% rates from more transparent LOs in quite a few platforms.
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benaj
Member of DD Central
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Post by benaj on Jan 28, 2020 23:20:53 GMT
I gave in a few days ago and lowered my auto invest limit to 10%. All spare cash was invested that day. I've been fully invested since, but have only received 10% loans. There are over €300k worth of 10% loans available on Robo.cash, some 12% loans available from the secondary market.
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Post by jmn on Jan 31, 2020 10:20:06 GMT
I withdrew all my remaining money this past Monday: I can get 10% rates from more transparent LOs in quite a few platforms. I could not purchase any 12% loan this week. I'm also not ready to buy 10%-1Y loans, even with a +0.5% bonus. As you say, some competitors provide better opportunities. Most of my cash drag comes from PH loans repay and buyback, so I won't complain too much, I just hope 12% loans will continue to be listed.
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Post by robocashsupport on Mar 13, 2020 9:37:14 GMT
Dear investors,
We are glad to inform you that at the moment, there are more than 1 mln EUR of loans available for investments on Robo.cash! Check out these opportunities and be sure to adjust your portfolio accordingly to invest in these loans.
Feel free to contact us in case of any questions.
Kind regards,
Robocash Team
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