justme
Member of DD Central
Posts: 203 
Likes: 89
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Post by justme on Sept 22, 2018 7:22:45 GMT
All these return numbers- have you calculated them after checking what you actually can sell and withdraw or is it what your dashboard says? I have just sold out all I could after 18 month and in that time I had about 5% interest Have to go with dashboard figure. What you couldn't sell will drag your 5% interest down, but you won't know by how much probably for years to come. No it was real 5% after I calculated what I withdrawn. Mind, it was for 18 months, not in a year
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blender
Member of DD Central
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Post by blender on Sept 22, 2018 9:49:40 GMT
An annualised 3.3% after 18 months. Wow! Some more to extract in due course. Reminds me of p2p being like opening a can of sardines. We are all searching for the key. And when you have rolled back the lid of the Fish Can and extracted the shiny fish, there is always that bit stuck in the corner that you cannot get out. (Take a Pew - Alan Bennett) www.youtube.com/watch?v=v0qOD9rtOEE
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ceejay
Posts: 975 
Likes: 1,149
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Post by ceejay on Sept 22, 2018 14:01:28 GMT
I withdrew everything I could a few months ago, and have slept much better since then. I now have a rump of about 20 defaults (actually, 2 haven't been formally defaulted yet even though they've been misbehaving for many months, which is a problem itself).
An XIRR calculation on my FC history gives a value of about 2%.
This may go up a fraction as recoveries come in - so far less than 1% of defaults have come back. Then again, it will go down when those last two loans are finally given the treatment they deserve.
As far as I can see, recoveries at the rate of a few pennies a month are likely to continue for up to another nine or ten years. Let's just hope that I don't die in that time, because FC won't transfer your account to a beneficiary, and the account can't be closed, so my poor executor would have to live with it for all of that time.
And that's before you consider the possible impact of any financial turmoil on the safety of unsecured SME loans...
So, no, I'm not tempted to return!
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mikeb
Posts: 1,072
Likes: 472
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Post by mikeb on Sept 23, 2018 16:34:23 GMT
Processing, late, downgraded, defaulted, recovered, but as it's less than one penny, no jam today ...
Processing, late, downgraded, defaulted, recovered, but as it's less than one penny, no jam today ... Processing ...
No?  Fixed that for you 
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