JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Jul 18, 2018 6:29:52 GMT
So far this week I have 1505€ bought back but my Autos which usually use up all repayments have only invested 22€ on Sunday night with nothing since.
Is this the same for everyone? There seem to be no new loans which normally are issued every day.
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fric
Member of DD Central
Posts: 199
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Post by fric on Jul 18, 2018 7:04:16 GMT
So far this week I have 1505€ bought back but my Autos which usually use up all repayments have only invested 22€ on Sunday night with nothing since.
Is this the same for everyone? There seem to be no new loans which normally are issued every day.
Yes, I already experienced a big chunk bought back on Saturday and it continued Yesterday.
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Post by nesako on Jul 18, 2018 8:13:55 GMT
Yeah, there are no new new loans and all decent loans on the secondary market have been also sold out... This week is amazing for someone who wish to exit Mintos - I could probably liquidate 90% of my holdings in just couple of days if I wanted, but I do not yet want this...
I still did not get any of my Mogo loans bought back, which means more buybacks for everyone is still to come...
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Post by nesako on Jul 19, 2018 7:14:11 GMT
And it has started for me as well... got buybacks yesterday and today, so far 10% of all my Mogo loans have been bought back. Using all returned cash to better diversify (was mostly in Mogo), but average Investments APR is dropping because there not not many good loans currently available...
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fric
Member of DD Central
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Likes: 79
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Post by fric on Jul 20, 2018 5:39:35 GMT
I'm currently at like 20-25% bought back, still plenty of 13.5-14% loans to go...
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jo
Member of DD Central
Posts: 727
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Post by jo on Jul 20, 2018 9:08:36 GMT
So far this week I have 1505€ bought back but my Autos which usually use up all repayments have only invested 22€ on Sunday night with nothing since.
Is this the same for everyone? There seem to be no new loans which normally are issued every day.
This has happened to me a few times in the past. Donno if this is the reason - or the solution, but I found that having 'max portfolio size' in auto invest well above the value of my account cleared the reinvestment overhang - sometimes instantly. (assuming minimum rate set isn't too high).
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jontyab
Member of DD Central
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Post by jontyab on Jul 20, 2018 9:23:39 GMT
So far this week I have 1505€ bought back but my Autos which usually use up all repayments have only invested 22€ on Sunday night with nothing since.
Is this the same for everyone? There seem to be no new loans which normally are issued every day.
This has happened to me a few times in the past. Donno if this is the reason - or the solution, but I found that having 'max portfolio size' in auto invest well above the value of my account cleared the reinvestment overhang - sometimes instantly. (assuming minimum rate set isn't too high). Sure, That'll work provided the reason for not getting funds invested is the originator diversification rules kicking in - raising the pot size will let you invest but you should note it is in exchange of increased relative exposure to whichever originators eats up all your uninvested cash.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Jul 20, 2018 9:29:18 GMT
So far this week I have 1505€ bought back but my Autos which usually use up all repayments have only invested 22€ on Sunday night with nothing since.
Is this the same for everyone? There seem to be no new loans which normally are issued every day.
This has happened to me a few times in the past. Donno if this is the reason - or the solution, but I found that having 'max portfolio size' in auto invest well above the value of my account cleared the reinvestment overhang - sometimes instantly. (assuming minimum rate set isn't too high). They seem to have lowered the interest rates for many originators to take advantage of the buybacks flooding our accounts. Short term guaranteed loans are available but at noncompetitive rates now.
Lots of Mogo loans available at reduced rates, probably the ones being bought back relisted.
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jo
Member of DD Central
Posts: 727
Likes: 492
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Post by jo on Jul 20, 2018 9:31:59 GMT
This has happened to me a few times in the past. Donno if this is the reason - or the solution, but I found that having 'max portfolio size' in auto invest well above the value of my account cleared the reinvestment overhang - sometimes instantly. (assuming minimum rate set isn't too high). Sure, That'll work provided the reason for not getting funds invested is the originator diversification rules kicking in - raising the pot size will let you invest but you should note it is in exchange of increased relative exposure to whichever originators eats up all your uninvested cash. I've had this happen before I turned on originator diversification rules in autos.
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Post by nellerdk on Jul 20, 2018 19:53:37 GMT
reduce auto invest to 8% interest and you will get new loans instantly. I won't do it, but I tested it, and it works. I will only have from 10% and up. Then I will live with the cash drag
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kulerucket
Member of DD Central
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Post by kulerucket on Jul 23, 2018 9:23:49 GMT
My buyback money has already gone to other sites. I'm not buying anything for 8%, I'd rather keep the cash in the bank!
I'm sure this will all settle down in the next few weeks/months, but there are plenty of other places my money can be while I wait.
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Post by nesako on Jul 24, 2018 8:58:28 GMT
Oh boy, 65% of my Mogo loans got bought back with the last "batch" this morning....and nothing there to invest in, so withdrew a big chunk of money already... sad times
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0risk
Member of DD Central
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Post by 0risk on Jul 25, 2018 11:39:02 GMT
Can someone point me to a good calculator, or formula, that considers the premium effect on the APR? I've been looking at the secondary market and have seen crazy offers like 20% premium.
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fric
Member of DD Central
Posts: 199
Likes: 79
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Post by fric on Jul 25, 2018 12:44:55 GMT
Can someone point me to a good calculator, or formula, that considers the premium effect on the APR? I've been looking at the secondary market and have seen crazy offers like 20% premium. Don't forget that secondary market transactions are in no way protected against buybacks. You might buy a loan on secondary market for lets say 5-10% premium and see it bought back by the loan originator the next day in which case you would just loose money.
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Post by glensm on Jul 31, 2018 12:02:15 GMT
Can someone point me to a good calculator, or formula, that considers the premium effect on the APR? I've been looking at the secondary market and have seen crazy offers like 20% premium. Try using Excel? Use PMT() function to get string of payments and then apply your discount/premium and use IRR() to get the new yield.
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