dh1
Member of DD Central
Posts: 371
Likes: 382
|
Post by dh1 on Jan 3, 2019 19:40:34 GMT
As I hinted elsewhere, this is my first "clean" month return. "Clean" means no withdrawals/additions by me during the month. My investment settings are 10% to 15% loans, 7 day PF, auto diversify 10%, individual investment size £100 (with one at £200). No cash drag; the graphs almost match.
And the 1st December to 31st December (inclusive) return? 0.53% (or 6.41% annualised). That figure includes a PF "earning" which amounts to almost 19% of the earnings. Without the PF the return would have been 0.43% or 5.2% annualised.
As Welendus is a black box platform (nothing wrong with that) and the loans are probably NOT aligned with my investments in them (eg dates will differ) the return is not necessarily indicative of, for example, performance over a 12 month period.
Bearing in mind what Welendus say in their FAQ's about returns and the soon to be very restricted PF payouts, I will be surprised if my 12 month return exceeds 6%.
I'll see how January goes and will post back here when I can.
|
|
|
Post by df on Jan 3, 2019 20:40:34 GMT
As I hinted elsewhere, this is my first "clean" month return. "Clean" means no withdrawals/additions by me during the month. My investment settings are 10% to 15% loans, 7 day PF, auto diversify 10%, individual investment size £100 (with one at £200). No cash drag; the graphs almost match.
And the 1st December to 31st December (inclusive) return? 0.53% (or 6.41% annualised). That figure includes a PF "earning" which amounts to almost 19% of the earnings. Without the PF the return would have been 0.43% or 5.2% annualised.
As Welendus is a black box platform (nothing wrong with that) and the loans are probably NOT aligned with my investments in them (eg dates will differ) the return is not necessarily indicative of, for example, performance over a 12 month period.
Bearing in mind what Welendus say in their FAQ's about returns and the soon to be very restricted PF payouts, I will be surprised if my 12 month return exceeds 6%.
I'll see how January goes and will post back here when I can.
One of my investments is 12 months old. It earned me 8.95% (PF included in this figure). Investment settings varied between 8% and 15% throughout the year. As it was one of the first investments, it was affected by a long cash drag because lending didn't start until the end of Jan (iirc) and it was very slow when started. If I don't forget, I will post another figure for one of late Feb/early March investments - that would be more representative.
|
|
rscal
Posts: 882
Likes: 484
Member is Online
|
Post by rscal on Jan 3, 2019 21:19:32 GMT
Wouldn't the answer be for W to start putting 1) 'accrued' interest against loans ? This would be helpful when combined with 2) actual interest paid (i.e. 'to date') and 3) 'missed/lost' interest ('to date') b/c 1 = 2 + 3. Throw in the ability to set a date range and your spreadsheet will be out of a job!
|
|
|
Post by Ace on Jan 3, 2019 21:52:07 GMT
As I hinted elsewhere, this is my first "clean" month return. "Clean" means no withdrawals/additions by me during the month. My investment settings are 10% to 15% loans, 7 day PF, auto diversify 10%, individual investment size £100 (with one at £200). No cash drag; the graphs almost match.
And the 1st December to 31st December (inclusive) return? 0.53% (or 6.41% annualised). That figure includes a PF "earning" which amounts to almost 19% of the earnings. Without the PF the return would have been 0.43% or 5.2% annualised.
As Welendus is a black box platform (nothing wrong with that) and the loans are probably NOT aligned with my investments in them (eg dates will differ) the return is not necessarily indicative of, for example, performance over a 12 month period.
Bearing in mind what Welendus say in their FAQ's about returns and the soon to be very restricted PF payouts, I will be surprised if my 12 month return exceeds 6%.
I'll see how January goes and will post back here when I can.
I have a set of 5 £100 investments with similar settings to you (my PF bailout was initially set to 14 days, but is now set to 35 days). They've been running for 4 and a half months and have an average XIRR of 10.87% (would have been 7.83% without additional earnings). The returns were much lower in the earlier months, presumably due to many loans not having paid any interest at that point. So, in short, I think you can be hopeful of substantially more than 6% for the year.
|
|
rscal
Posts: 882
Likes: 484
Member is Online
|
Post by rscal on Jan 4, 2019 12:18:06 GMT
Slightly off topic: I've just received a small payout from the provision fund (notified by a nice email) and had the accrued interest included 'as a bonus'. So now I have been put back in exactly the same position as if the borrower themselves had paid off the loan. My question becomes: What will the PF now do - aim to collect the late/full payment originally due and (if successful) split the interest between the time before they bought my loan part and the time after that between myself and the fund/Welendus?
And what has been said about the ending of the 'bonus' interest scheme?
(Thanks in advance)
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,788
Likes: 11,007
|
Post by ilmoro on Jan 4, 2019 12:30:52 GMT
Slightly off topic: I've just received a small payout from the provision fund (notified by a nice email) and had the accrued interest included 'as a bonus'. So now I have been put back in exactly the same position as if the borrower themselves had paid off the loan. My question becomes: What will the PF now do - aim to collect the late/full payment originally due and (if successful) split the interest between the time before they bought my loan part and the time after that between myself and the fund/Welendus?
And what has been said about the ending of the 'bonus' interest scheme?
(Thanks in advance)
The PF will seek to recover the loan and any interest outstanding. The borrower will already have paid any interest due for previous months (note any live loans over a month have earnings showing even though they arent credited until loan ends) so they will only have to collect any outstanding for the period for the last payment which they will retain as you have recieved interest in full for the period your capital was lent out.
The bonus was originally for the 'beta' phase (which AIUI is still running) but nsiam has indicated that they hope it will continue permanently
|
|
rscal
Posts: 882
Likes: 484
Member is Online
|
Post by rscal on Jan 4, 2019 13:05:36 GMT
So the effect/purpose of the 'bonus' scheme at present is to cap both principal and interest loss at nil for investors but under 'non-beta' conditions W would only operate a more limited form of PF and the 'loss' would be shared between the PF (unrecovered capital and interest) and lender (unrecovered 'accrued' interest)
|
|
|
Post by Butch Cassidy on Jan 4, 2019 15:10:53 GMT
Like df I was one of the first to invest & have been with them a little over 12 months now, but lending only really started properly last January, so my return is representative of a full year. I haven't fiddled with the settings since initially setting up my various lending streams (all at different rates) - my current return (including PF reimbursements & compounding reinvestment) is near enough exactly 10% which accounting for slight cash drag & as yet unrealised current investments I'm very happy with & is in line with my expectations. I am hardly ever less than 90% invested & often 98%+ & have no complaints about the platform, my returns or the mechanics of it all - Keep up the good work & Happy New Year all.
|
|
zlb
Member of DD Central
Posts: 1,411
Likes: 331
|
Post by zlb on Jan 16, 2019 19:45:31 GMT
...]Bearing in mind what Welendus say in their FAQ's about returns and the soon to be very restricted PF payouts, I will be surprised if my 12 month return exceeds 6%.
I'll see how January goes and will post back here when I can.
I can't find what the PF "very restricted" change will be, not mentioned on threads here about the pf. Are you able to say? Thanks.
|
|
dh1
Member of DD Central
Posts: 371
Likes: 382
|
Post by dh1 on Jan 17, 2019 8:40:33 GMT
zlb : Welendus email 12/12/18 "New PF Setting + Investment Bonus + Queue Update". Starts "... We are pleased to announce the simplification of the Provision Fund Purchase option by auto-setting it as 35 days ..." and includes: "... Please note that on 15 January 2019 the Provision Fund Purchase will be set to a fixed 35 days duration. ..."
|
|
|
Post by Ace on Jan 17, 2019 9:01:45 GMT
As I hinted elsewhere, this is my first "clean" month return. "Clean" means no withdrawals/additions by me during the month. My investment settings are 10% to 15% loans, 7 day PF, auto diversify 10%, individual investment size £100 (with one at £200). No cash drag; the graphs almost match.
And the 1st December to 31st December (inclusive) return? 0.53% (or 6.41% annualised). That figure includes a PF "earning" which amounts to almost 19% of the earnings. Without the PF the return would have been 0.43% or 5.2% annualised.
As Welendus is a black box platform (nothing wrong with that) and the loans are probably NOT aligned with my investments in them (eg dates will differ) the return is not necessarily indicative of, for example, performance over a 12 month period.
Bearing in mind what Welendus say in their FAQ's about returns and the soon to be very restricted PF payouts, I will be surprised if my 12 month return exceeds 6%.
I'll see how January goes and will post back here when I can.
I don't understand why you feel that fixing the PF purchase delay to 35 days might adversely affect your return. While we are still be compensated for interest lost up to the point of PF purchase, I don't see how it will have a detrimental impact.
|
|
Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
|
Post by Godanubis on Jan 18, 2019 2:48:13 GMT
As long as PF takes over the loan before it defaults I don't see any problems. As an investor your risk of loss is eliminated at that point.
Even if the interest to date is not paid for that month it would only reduce the APR by a tiny amount depending when in the month the loan was aquired.
I see no indication that the current payment of accrued interest as a bonus will cease.
For those without an ISA Bonuses and incentives are usually disregarded for tax purposes so would therfore actually give a higher net return were the loan to complete normally.
|
|
|
Post by gravitykillz on Jan 20, 2019 8:14:23 GMT
What does black box platform mean ?
|
|
macq
Member of DD Central
Posts: 1,923
Likes: 1,189
|
Post by macq on Jan 20, 2019 8:58:39 GMT
a platform where you don't pick the loan or do any DD on the borrower so the opposite of a site like Ablrate for example
|
|
zlb
Member of DD Central
Posts: 1,411
Likes: 331
|
Post by zlb on Jan 22, 2019 20:11:22 GMT
I have returns on £100 invested exactly two calendar months ago. At 10-15% the site reports 5% return on this. Two months may not be the way to work it out though. I ran my own calculation and make it 4.92% rather than 5% (0.82/2*12. And 4.9% if 0.82/61*365). £0.82 earned, over 61 days.
The other blocks of £100 that I have are not worth averaging.
I'm guessing that I'll get more than 4.92% in the end...?
|
|