ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 15, 2018 23:15:14 GMT
Its all meaningless without some form of qualification to what you are talking about, 2 PF payments over 50 loans in what time period? What rate/risk level?
Ive got about 67 PF out of 170 loans over 9 months, at least 14 day PF cutoff on my offers. Ive had minimal cash drag once I got the lending range right 12-15%, 10% max diversification. PF figures will also be maginifiied if you have multiple offers running as you could end up in the same loans on more than one offer (ive 4) Good point on same loans. The thread was ment as a general impression and opinions of current investors not an in-depth analysis. Just as as a query what is you return over the 9 months ? 11.66% since first loan offer properly made, drops to 11.12% if I factor in the first month (10th month) when nothing really got lent out as rate was too high while I got the hang of it.
You do need some facts to offer a general impression. 2 PF payments out of 50 loans if youd lent £10 out to 50 people a week ago isnt good, 2 out of 50 if youve lending from launch at 15% is a miracle but not if all your loans were at 5% to low risk borrowers. Context is important.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Oct 17, 2018 1:19:56 GMT
Good point on same loans. The thread was ment as a general impression and opinions of current investors not an in-depth analysis. Just as as a query what is you return over the 9 months ? 11.66% since first loan offer properly made, drops to 11.12% if I factor in the first month (10th month) when nothing really got lent out as rate was too high while I got the hang of it.
You do need some facts to offer a general impression. 2 PF payments out of 50 loans if youd lent £10 out to 50 people a week ago isnt good, 2 out of 50 if youve lending from launch at 15% is a miracle but not if all your loans were at 5% to low risk borrowers. Context is important.
Averaging 12% about 7 months less than a grand invested due to no FISA allowance funds left this year .I don’t like to pay tax
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dh1
Member of DD Central
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Post by dh1 on Oct 17, 2018 16:08:31 GMT
Well, I put £100 this morning and it was all lent out (on 10 loans, per policy) by about 15:00. W don't seem to hang about...
Big thank you for all the helpful contributions on this forum, by the way; made the learning experience much more straightforward.
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benaj
Member of DD Central
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Post by benaj on Oct 17, 2018 16:19:58 GMT
Well, I put £100 this morning and it was all lent out (on 10 loans, per policy) by about 15:00. W don't seem to hang about...
Big thank you for all the helpful contributions on this forum, by the way; made the learning experience much more straightforward. Good for you. I loaded £100 this morning, it's stuck in the queue. Well, not many new borrowers today I suppose.
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dh1
Member of DD Central
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Post by dh1 on Oct 17, 2018 18:29:55 GMT
Apologies if I nicked yours, benaj; didn't mean too, honest!
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Post by nsiam on Oct 17, 2018 19:30:27 GMT
Hi all,
Following the feedback here on this forum, we have make some updates to how the lending queue operates so you may see some improvements here.
We are still exploring further improvements which may follow in due course.
Thank you all again for your great feedback and support. It's very helpful for Welendus and for other lenders. Much appreciated.
Best, Nadeem
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Post by p2ples on Oct 17, 2018 22:07:30 GMT
Hi all, Following the feedback here on this forum, we have make some updates to how the lending queue operates so you may see some improvements here. We are still exploring further improvements which may follow in due course. Thank you all again for your great feedback and support. It's very helpful for Welendus and for other lenders. Much appreciated. Best, Nadeem Are you able to tell us what the updates are Nadeem? I'm still trying to understand exactly how the queue works.
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jsmill
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Post by jsmill on Oct 18, 2018 14:19:35 GMT
nsiamI have mentioned this on another thread but queue data really is important. As I said there the cash drag on initial investment was high in my case (2 weeks to lend a few hundred quid on a 7.5-15% range). Others on here seem to have had the opposite experience!
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Post by Butch Cassidy on Oct 18, 2018 14:59:55 GMT
I can confirm that quiet threads is a good thing when it comes to Welendus, like df earlier in the thread I've been here since the start & am returning 10% so far (12% annualised) I haven't bothered altering my initial settings, which was an option made possible in response to lender requests, as any PF buybacks are reimbursed anyway. My cash drag has been minimal, my complaints are non-existent, any queries (either direct or via this forum) have been answered promptly & to my satisfaction, nsiam has always made himself available & been open & transparent; in a nutshell Welendus "does what it says on the tin" without much fanfare - rather reassuring compared to many other P2P platforms, keep up the good work.
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sussexlender
Member of DD Central
Cheat seeking missile
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Post by sussexlender on Oct 18, 2018 18:41:59 GMT
Hi Butch Cassidy.
Thanks for the really helpful post.
I will have a look at this P2P platform as a result of your very positive info.
Good luck with all your P2P investments. SXLR
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Post by failedtheturingtest on Oct 18, 2018 19:29:43 GMT
Regarding cash drag, I just started lending here a bit more than a month ago, but it appears to me that when I put in a chunk of money, it usually sits there for about a week with nothing happening, and then suddenly all gets lent out in a couple of days. Then I put in another lump and the same happens.
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Post by df on Oct 18, 2018 20:54:47 GMT
Regarding cash drag, I just started lending here a bit more than a month ago, but it appears to me that when I put in a chunk of money, it usually sits there for about a week with nothing happening, and then suddenly all gets lent out in a couple of days. Then I put in another lump and the same happens. This is probably because the priority is given to reinvestments. Some other platforms have the same mechanism (LB, Z and LW spring to mind). Even with delays of initial lending, so far W is delivering far better returns than other consumer lending platforms or platforms/accounts with functional PF.
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dh1
Member of DD Central
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Post by dh1 on Oct 20, 2018 23:00:34 GMT
Well, following my initial toe in the water (17th October, see above) I've now got all my new investment into loans with zero (ie less than 24 hours) cash drag.
I initially put in £1k and made £100 of it available at between 10% and 15%, maximum £10 per loan, 7 day provision fund thing. That went quickly. The remainder I made available in one lump (same terms) but it didn't move. I withdrew it - at least partially to test how well Welendus handled withdrawals. That went OK.
I then put back in £1.8k and made that available in £100 chunks with just one £200 chunk, same terms. During the next 8 hours or so, all was allocated to loans. Watching the algorithm at work was educational.
I was initially a bit concerned when the same (12 figure) loan numbers kept coming up but the analysis (which is a bit clunky as I haven't found a way to download the detail) shows that my maximum exposure to any one loan is about 8.5% of my total on the platform. Most of the 47 loans fall well below that figure. The average return is 12.75% although that isn't weighted in any way and has all the usual "average" health warnings.
Enjoy!
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jsmill
Member of DD Central
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Post by jsmill on Oct 22, 2018 16:49:57 GMT
nsiam I have mentioned this on another thread but queue data really is important. As I said there the cash drag on initial investment was high in my case (2 weeks to lend a few hundred quid on a 7.5-15% range). Others on here seem to have had the opposite experience! In the interests of fair disclosure I put in a token additional £100 as there had been such a variety of lending times given on this forum for new money. This time it went within a day. Not quite sure what to make of that really. Entirely agree on giving priority to existing money but doesn't explain how over less than a month the waiting time varies from 2 weeks to 1 day.
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Post by sharpe on Oct 24, 2018 11:17:40 GMT
Been invested with WelendUs since early Sept.
All set to 8%-15% @ varible auto-diversify setting
2 x £100 deposits (early sept) - Matched quickly 2 x £500 deposits (mid sept) - Matched within a few days
1 x £1200 deposit (mid oct) - Still not matched - Further details below 1 x £200 deposit (yesterday) - fully matched in less than 12 hours
My £1100 hasn't matched bar one loan where I set it to 5% after a week and it lent out £60 @ 5.5% fairly quickly. I would rather not lend at less than 8% so moved it back to 8% and subsquently still no matched loans. I've moved the auto-diversify around from 5%-2% (although I don't think the manual setting of less than 5% holds) and that's had no effect. I suspect if I set it to 10% it would probably get lent out as per the other loans, however I would rather not be that heavy in individual loans. I gave WelendUs a call this morning, customer rep was polite, however, couldn't really offer much in the way of why the funds aren't be lent, just that they were in the queue. I think I will have to withdraw the funds and split these into £200 chunks. Not a problem, however, less than ideal and means more investments to manage in the backend.
I get the impression queue/algo prefers smaller amounts with a higher auto-diversification allocation. User system backend definetely needs an overhaul. Seems silly to have to withdraw money to split/combine funds. As mentioned in a few places sweep function definetely needed.
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