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Post by Ace on Jan 24, 2019 19:38:45 GMT
In their stats it says that they have no defaults, if that's correct, then aren't returns impinged by implications of early repayment, only, at the moment? Information about Welendus 2019 Accumulative Total Amount Lent (£GBP) £1.8M Average Loan Term 95 days Actual Average Default Rate 0.0% Target Average Default Rate 10% Provision Fund Coverage 100.3% They have no defaults in the cohort of loans that originated in 2019. This is because they are not counted as defaults until they are 90 days late, and we're not yet 90 days into the year. If you click the left arrow next to the year on the stats page it shows the stats for 2018.
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dh1
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Post by dh1 on Feb 1, 2019 20:45:45 GMT
As promised, this is an update on my last returns. I've included both December and January figures for ease of reference.
Month | Total return
| PF earnings*
| Return without PF
| Cash drag?**
| December | 0.53% | 0.1%
| 0.43%
| No
| January | 1.31% | 0.6%
| 0.71%
| No
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* the PF element of total return; the rest is interest ** means the graphs almost match No additions/withdrawals by me in the month (ie 1st of the month to the last day, inclusive) Settings: 10% to 15% loans, auto diversify 10%, individual investment size £100 (with one at £200). PF is now fixed, of course; it was at 7 days during December and part of January.
For those interested in annualised rates, 0.71% is about 8.47%......
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Godanubis
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Post by Godanubis on Feb 1, 2019 20:57:08 GMT
As promised, this is an update on my last returns. I've included both December and January figures for ease of reference.
Month | Total return
| PF earnings*
| Return without PF
| Cash drag?**
| December | 0.53% | 0.1%
| 0.43%
| No
| January | 1.31% | 0.6%
| 0.71%
| No
|
* as a % of total return ** means the graphs almost match No additions/withdrawals by me in the month (ie 1st of the month to the last day, inclusive) Settings: 10% to 15% loans, auto diversify 10%, individual investment size £100 (with one at £200). PF is now fixed, of course; it was at 7 days during December and part of January.
For those interested in annualised rates, 0.71% is about 8.47%......
Thanks for that . Is 8.47% ROI only or compounded with interest/bonus ?
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dh1
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Post by dh1 on Feb 2, 2019 9:40:06 GMT
Godanubis it's the month's interest, without PF, multiplied by 12. Doesn't mean that future months will produce the same or anything like, of course. See December for an example!
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dh1
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Post by dh1 on Mar 1, 2019 8:26:21 GMT
My latest returns: Month | Total return
| PF earnings
| Return without PF | Cash drag?**
| December | 0.53% | 0.1% | 0.43% | No | January | 1.31% | 0.6% | 0.71% | No | February | 1.10%
| 0.45% | 0.65% | Yes |
* the PF element of total return; the rest is interest ** means the graphs almost match No additions/withdrawals by me in the month (ie 1st of the month to the last day, inclusive) Settings: 10% to 15% loans, auto diversify 10%, individual investment size £100 (one at £200, one at £150+). PF is now fixed, of course; it was at 7 days during December and part of January. In just the last couple of days cash drag has significantly increased with about 12% of the funds uninvested. This seems to be improving though and it has been the only cash drag I've seen. Probably just how things are at the moment.
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dh1
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Post by dh1 on Mar 7, 2019 15:15:35 GMT
Following the comments elsewhere, I have checked my cash drag again. It currently stands at about 7% with fairly rapid (downward) shifts. I have not changed any of my Autoi Match (interest rates) or diversify settings
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benaj
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Post by benaj on Mar 14, 2019 19:31:41 GMT
My latest returns: Month | Total return
| PF earnings
| Return without PF | Cash drag?**
| December | 0.53% | 0.1% | 0.43% | No | January | 1.31% | 0.6% | 0.71% | No | February | 1.10%
| 0.45% | 0.65% | Yes |
* the PF element of total return; the rest is interest ** means the graphs almost match No additions/withdrawals by me in the month (ie 1st of the month to the last day, inclusive) Settings: 10% to 15% loans, auto diversify 10%, individual investment size £100 (one at £200, one at £150+). PF is now fixed, of course; it was at 7 days during December and part of January. In just the last couple of days cash drag has significantly increased with about 12% of the funds uninvested. This seems to be improving though and it has been the only cash drag I've seen. Probably just how things are at the moment. The WLU loans have a cyclical demand, which affects cash drag level, but not to worry. I see more consistent return after 6 months as more borrowers complete their loans; my longest live loan earns 5.4% interest after 169 days and 154 days completed loans earn 5.3% interest. You will notice higher return when borrower repays or completes the loan as you receive full interest, live loans earns interest but the return seems lower due to flexible repayment date and awaiting interest repayment. For example, you could be receiving 1.3% interest after 45 days with (2 repayments) @ 12% loan as you are awaiting for the next repayment.
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Mucho P2P
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Post by Mucho P2P on Mar 15, 2019 21:28:36 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...? From having an account at WLU for a few months (with 1000+ loans, with blended rates from 6% to 12%), it has become obvious to me that something is amiss with the [my] returns. Hence, this month, account not being touched at all, all data input into Excel and my son, [an Auditor at a major London accountancy firm] is checking the figures against my rudimentary calculations. So far, my sons calcs on my account and my expected return amounts are nearer to mine than to WLU. Once the experiment is over with at the end of this month, then someone at WLU getting an email and asking to explain whats up, and will be given the chance to provide their own calcualtions on my account.
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Post by df on Mar 16, 2019 0:53:40 GMT
My latest returns: Month | Total return
| PF earnings
| Return without PF | Cash drag?**
| December | 0.53% | 0.1% | 0.43% | No | January | 1.31% | 0.6% | 0.71% | No | February | 1.10%
| 0.45% | 0.65% | Yes |
* the PF element of total return; the rest is interest ** means the graphs almost match No additions/withdrawals by me in the month (ie 1st of the month to the last day, inclusive) Settings: 10% to 15% loans, auto diversify 10%, individual investment size £100 (one at £200, one at £150+). PF is now fixed, of course; it was at 7 days during December and part of January. In just the last couple of days cash drag has significantly increased with about 12% of the funds uninvested. This seems to be improving though and it has been the only cash drag I've seen. Probably just how things are at the moment. The WLU loans have a cyclical demand, which affects cash drag level, but not to worry. I see more consistent return after 6 months as more borrowers complete their loans; my longest live loan earns 5.4% interest after 169 days and 154 days completed loans earn 5.3% interest. You will notice higher return when borrower repays or completes the loan as you receive full interest, live loans earns interest but the return seems lower due to flexible repayment date and awaiting interest repayment. For example, you could be receiving 1.3% interest after 45 days with (2 repayments) @ 12% loan as you are awaiting for the next repayment. Just looked at of mine that is closest to 12 month old 22/03/18. Together with PF bonuses it earned 12.5%. One up the list 18/02/18 earned 15.77%.
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zlb
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Post by zlb on Apr 21, 2019 10:40:52 GMT
My account is currently av at 6.7% out of five tranches ranging from 5% to 8.2% lending settings set at 10-15%
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Post by df on Apr 23, 2019 20:26:59 GMT
My account is currently av at 6.7% out of five tranches ranging from 5% to 8.2% lending settings set at 10-15% Just guessing, your figure doesn't include additional earnings (PF bonus)?
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Post by Ace on Apr 23, 2019 21:17:38 GMT
An update on my Welendus returns:
The returns on my 8 month old investments have declined a little, but still get regular loans and very little cash drag. XIRR is down to 11.94% (7.84% excluding Additional Earnings). Currently only 0.57% cash drag.
The returns on my 4 month old investments have declined to 9.29% (5.28 excluding Additional Earnings). Only a single new loan in 30 days, despite setting one of the investments to the full 5 to 15% range. Cash drag has increased to 30.73%.
I'm also getting increasingly concerned about the deteriorating PF coverage position. The 2018 cohort has fallen to 81.8% PF coverage, with actual defaults way above target at 16.1%. The 2019 cohort only has 76.3% PF coverage, despite no declared actual defaults yet.
I'll be holding off any further investments until I see significant improvements.
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zlb
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Post by zlb on Apr 24, 2019 10:33:55 GMT
My account is currently av at 6.7% out of five tranches ranging from 5% to 8.2% lending settings set at 10-15% Just guessing, your figure doesn't include additional earnings (PF bonus)? I'm going by the reported % given on my account. If their figure of earnings doesn't include that, then neither does my average. However, I suspected that my av was lower owing to cash drag - 20% of one tranche for e.g. was sitting there for approx 2 weeks uninvested. I wasn't counting, but I kept logging in and seeing it sitting there still, along with 12% in another tranche etc. Afterthought - I generally get e.g 70p, max £1.40 in pf bonus interest replacement, so it wouldn't add up to much at this point.
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Ukmikk
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Post by Ukmikk on Apr 24, 2019 13:11:04 GMT
An update on my Welendus returns: The returns on my 8 month old investments have declined a little, but still get regular loans and very little cash drag. XIRR is down to 11.94% (7.84% excluding Additional Earnings). Currently only 0.57% cash drag. The returns on my 4 month old investments have declined to 9.29% (5.28 excluding Additional Earnings). Only a single new loan in 30 days, despite setting one of the investments to the full 5 to 15% range. Cash drag has increased to 30.73%. I'm also getting increasingly concerned about the deteriorating PF coverage position. The 2018 cohort has fallen to 81.8% PF coverage, with actual defaults way above target at 16.1%. The 2019 cohort only has 76.3% PF coverage, despite no declared actual defaults yet. I'll be holding off any further investments until I see significant improvements. Very similar pattern for me. Agree with your analysis and concerns.
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Mucho P2P
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Post by Mucho P2P on Apr 24, 2019 13:36:44 GMT
An update on my Welendus returns: The returns on my 8 month old investments have declined a little, but still get regular loans and very little cash drag. XIRR is down to 11.94% (7.84% excluding Additional Earnings). Currently only 0.57% cash drag. The returns on my 4 month old investments have declined to 9.29% (5.28 excluding Additional Earnings). Only a single new loan in 30 days, despite setting one of the investments to the full 5 to 15% range. Cash drag has increased to 30.73%. I'm also getting increasingly concerned about the deteriorating PF coverage position. The 2018 cohort has fallen to 81.8% PF coverage, with actual defaults way above target at 16.1%. The 2019 cohort only has 76.3% PF coverage, despite no declared actual defaults yet. I'll be holding off any further investments until I see significant improvements. Very similar pattern for me. Agree with your analysis and concerns. Similar concerns here, especially about the PF, emailed earlier this morning WLU asking for clarification on a few points regarding the PF, as yet, no reply.
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