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Post by eascogo on Feb 25, 2019 18:02:00 GMT
Similar scenario here too.... Approximately 14% stuck mostly C***teral as well. No idea whats happening..... No meaningful updates / No information on progress.... SO decided to cash -out. Very Disappointed..... Ditto 0.6% default and 10% stuck. Watch list average returns are close to 100% and even recoveries mostly return full capital. So I don't understand the negative comments reported here. I have 2.7% in recovery and 7.8% on watch list, so 10.5% stuck. In comparison 32.4% of my investment at MT is in default. I anticipate that percentage losses at MT to be far in excess of those at BM. This shows the wisdom of a 1% or 2% concentration limit in force at BM whereas at MT I am free to go for whatever concentration I choose and I confess that it is many many times higher.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Feb 26, 2019 7:26:32 GMT
Ditto 0.6% default and 10% stuck. Watch list average returns are close to 100% and even recoveries mostly return full capital. So I don't understand the negative comments reported here. I have 2.7% in recovery and 7.8% on watch list, so 10.5% stuck. In comparison 32.4% of my investment at MT is in default. I anticipate that percentage losses at MT to be far in excess of those at BM. This shows the wisdom of a 1% or 2% concentration limit in force at BM whereas at MT I am free to go for whatever concentration I choose and I confess that it is many many times higher. Rates are comparatively low on BM because they are meant to pick the best loans on the best platforms to give low defaults, but this doesn't seem to be working that well. Picking Col was not great and the minimum 1%-2% diversification means you lose 1% or 2% with each default which quickly reduces profit. I was lucky that my defaults (so far) were from when I had less in BM so my 1% diversification didn't translate into a 3% loss (if I had a 2% diversification it could have been a 6% loss), it needs a 0.5% or lower limit or a settable limit in terms of £s so that you can increase diversification. The fact that there are quite high fees and you also pay tax on them doesn't help. The loans stuck on my Watchlist and Recoveries have been there quite some time now so I am not so hopeful they will come good, a few are Col related. MT is a high rate high risk platform and shouldn't really be comparable with BM.
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