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
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Post by Godanubis on Feb 3, 2019 16:47:29 GMT
Sorry about that. Few of us put several thousand in on Wednesday ( before the beginning of the month rush) might slow things for a while Yes, well there is a new pecking order now. It is the year of the pig so I expect you to act accordingly. š Just testing the effect a mass exodus from Lendy to Welendus would have, (you know how I like to get verifyable data)
Happy to share 1 Ā£5000 investment only 20% filled. 11%-15% mainly in 13% loans.
As for pigs love them in sausages or a nice ham haugh.
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Post by df on Feb 3, 2019 17:13:59 GMT
I appear to have slightly jinx myself. My existing investments are reinvesting quickly, (22 in last 10 days) but I started a new one on Thurs and so far that one is only 25% deployed with just 3 investments in 4 days. Sorry about that. Few of us put several thousand in on Wednesday ( before the beginning of the month rush) might slow things for a while I thought it will come to this point when W gets more popular. It's quite normal for this type of model. I didn't put any new money recently, but can see my reinvestments have slowed down. However, widening the range to the left does the trick. Like on RS, if you are stuck you can lower your rate and get invested instantly. What I find a bit unusual is on many occasions when I lower my minimum I get funds instantly invested at higher rate. For example, change minimum from 12% to 11% and get invested at 12.5% - probably coincidence, but happened few times.
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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.
Posts: 2,011
Likes: 1,013
|
Post by Godanubis on Feb 3, 2019 17:31:21 GMT
Sorry about that. Few of us put several thousand in on Wednesday ( before the beginning of the month rush) might slow things for a while I thought it will come to this point when W gets more popular. It's quite normal for this type of model. I didn't put any new money recently, but can see my reinvestments have slowed down. However, widening the range to the left does the trick. Like on RS, if you are stuck you can lower your rate and get invested instantly. What I find a bit unusual is on many occasions when I lower my minimum I get funds instantly invested at higher rate. For example, change minimum from 12% to 11% and get invested at 12.5% - probably coincidence, but happened few times. Yes this has happened to us too. I think the lower risk borrowers would have more access to more conventional lower interest sources of funds
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benaj
Member of DD Central
Posts: 4,855
Likes: 1,591
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Post by benaj on Feb 3, 2019 19:24:50 GMT
Sorry about that. Few of us put several thousand in on Wednesday ( before the beginning of the month rush) might slow things for a while I thought it will come to this point when W gets more popular. It's quite normal for this type of model. I didn't put any new money recently, but can see my reinvestments have slowed down. However, widening the range to the left does the trick. Like on RS, if you are stuck you can lower your rate and get invested instantly. What I find a bit unusual is on many occasions when I lower my minimum I get funds instantly invested at higher rate. For example, change minimum from 12% to 11% and get invested at 12.5% - probably coincidence, but happened few times. Doesn't work for me, due to the nature of the algorithm.
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benaj
Member of DD Central
Posts: 4,855
Likes: 1,591
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Post by benaj on Feb 3, 2019 19:26:57 GMT
Regarding the investment queue, some of my invest has been queueing for 17 days without new loans. The longest wait is 30 days in the previous cycle. So I am monitoring the queue closely.
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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.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 3, 2019 20:47:48 GMT
Regarding the investment queue, some of my invest has been queueing for 17 days without new loans. The longest wait is 30 days in the previous cycle. So I am monitoring the queue closely. Don't worry if you believe the rhetoric after Brexit there will be a shortage of everything and we will get higher prices and borrowers will flock to cover the costs due to the short term melee.
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Post by df on Feb 3, 2019 20:48:27 GMT
Regarding the investment queue, some of my invest has been queueing for 17 days without new loans. The longest wait is 30 days in the previous cycle. So I am monitoring the queue closely. Did you try to reset allowing the whole spectrum of rates?
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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.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 4, 2019 10:29:58 GMT
There is one upside to oversupply if you do have cash you need to be liquid put it in here on wide range investment. If it is allocated then you get good return. If it takes a wile then itās nearly the same as the pitifully low bank rate. When you need cash because of oversupply if you require some or all of the invested cash it will sell quickly. This is is especially good for those with relatively small amounts of money you would like a little interest on. Bank current accounts do offer up to 5% and are FSCS covered and are liquid a prudent repository for those seeking modest safe returns.
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benaj
Member of DD Central
Posts: 4,855
Likes: 1,591
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Post by benaj on Feb 4, 2019 10:47:29 GMT
Regarding the investment queue, some of my invest has been queueing for 17 days without new loans. The longest wait is 30 days in the previous cycle. So I am monitoring the queue closely. Did you try to reset allowing the whole spectrum of rates? There's not much I can do when there's not enough borrowers on W atm, just have to wait for another wave, especially I am so low in the pecking order. Regarding the idle cash, overall is 10% of the whole portfolio. Here's the break down: Investment #1: <1%, new live loan 2 days ago Investment #2: 23%, new live loan 18 days ago Investment #3: 13%, new live loan 18 days ago Investment #4: 15%, new live loan 9 days ago Investment #5: 15%, new live loan 15 days ago Investment #6: 19%, new live loan 13 days ago Investment #7: 29%, new live loan 11 days ago Investment #8: 2%, new live 13 loan days ago
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Post by lendinglawyer on Feb 4, 2019 21:12:05 GMT
Has anyone been able to come even close to working out allocation? It seems completely random. For example there is some implication that there is preference for āoldā investments. I have only ever had one set up (since September) and itās been basically 100% allocated ever since. Now suddenly itās 25% unallocated and hasnāt made a new loan since 22 Jan. The range is set to the full range. Obviously I accept peaks and troughs etc but given others have made loans since then it seems to have no bearing to age of investment or given I have the full range set the range set... I canāt make heads nor tails of it. But if others continue to get allocations and my cash drag increases I will get sick of it pretty fast...
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Post by df on Feb 4, 2019 22:39:36 GMT
Did you try to reset allowing the whole spectrum of rates? There's not much I can do when there's not enough borrowers on W atm, just have to wait for another wave, especially I am so low in the pecking order. Regarding the idle cash, overall is 10% of the whole portfolio. Here's the break down: Investment #1: <1%, new live loan 2 days ago Investment #2: 23%, new live loan 18 days ago Investment #3: 13%, new live loan 18 days ago Investment #4: 15%, new live loan 9 days ago Investment #5: 15%, new live loan 15 days ago Investment #6: 19%, new live loan 13 days ago Investment #7: 29%, new live loan 11 days ago Investment #8: 2%, new live 13 loan days ago Just had a quick look at mine. At this minute, overall across my 25 investments I have 0.54% of idle cash. I have no idea why it works so different for me. I have no other tricks than lower the rate a little when I think the cash might be stuck (e.g. not invested since yesterday).
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Post by Badly Drawn Stickman on Feb 4, 2019 22:52:22 GMT
There's not much I can do when there's not enough borrowers on W atm, just have to wait for another wave, especially I am so low in the pecking order. Regarding the idle cash, overall is 10% of the whole portfolio. Here's the break down: Investment #1: <1%, new live loan 2 days ago Investment #2: 23%, new live loan 18 days ago Investment #3: 13%, new live loan 18 days ago Investment #4: 15%, new live loan 9 days ago Investment #5: 15%, new live loan 15 days ago Investment #6: 19%, new live loan 13 days ago Investment #7: 29%, new live loan 11 days ago Investment #8: 2%, new live 13 loan days ago Just had a quick look at mine. At this minute, overall across my 25 investments I have 0.54% of idle cash. I have no idea why it works so different for me. I have no other tricks than lower the rate a little when I think the cash might be stuck (e.g. not invested since yesterday). Taking the cold blooded cynical approach, it probably takes the average borrower a week or two after pay day to get cash strapped again. So probably a mid month boost is the normal situation.
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Post by df on Feb 4, 2019 23:00:08 GMT
There is one upside to oversupply if you do have cash you need to be liquid put it in here on wide range investment. If it is allocated then you get good return. If it takes a wile then itās nearly the same as the pitifully low bank rate. When you need cash because of oversupply if you require some or all of the invested cash it will sell quickly. This is is especially good for those with relatively small amounts of money you would like a little interest on. Bank current accounts do offer up to 5% and are FCA covered and are liquid a prudent repository for those seeking modest safe returns.[you meant FSCS ]. Yes, thats the recipe - before moving any further, get all "TSB's" and "Tesco's" filled up and if not too greedy there are loads of other bank/BS products that pay more than RS (referring to the time when Rolling went as low as 1.6%).
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Post by df on Feb 4, 2019 23:09:59 GMT
Just had a quick look at mine. At this minute, overall across my 25 investments I have 0.54% of idle cash. I have no idea why it works so different for me. I have no other tricks than lower the rate a little when I think the cash might be stuck (e.g. not invested since yesterday). Taking the cold blooded cynical approach, it probably takes the average borrower a week or two after pay day to get cash strapped again. So probably a mid month boost is the normal situation. May be, but since soft launch was over I didn't notice any seasonal changes - every week of any month are pretty much the same.
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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.
Posts: 2,011
Likes: 1,013
|
Post by Godanubis on Feb 4, 2019 23:11:57 GMT
There is one upside to oversupply if you do have cash you need to be liquid put it in here on wide range investment. If it is allocated then you get good return. If it takes a wile then itās nearly the same as the pitifully low bank rate. When you need cash because of oversupply if you require some or all of the invested cash it will sell quickly. This is is especially good for those with relatively small amounts of money you would like a little interest on. Bank current accounts do offer up to 5% and are FCA covered and are liquid a prudent repository for those seeking modest safe returns.[you meant FSCS ]. Yes, thats the recipe - before moving any further, get all "TSB's" and "Tesco's" filled up and if not too greedy there are loads of other bank/BS products that pay more than RS (referring to the time when Rolling went as low as 1.6%). Yes FSCS (corrected)Iām showing my age now.
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