zlb
Member of DD Central
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Post by zlb on Jun 19, 2019 11:49:46 GMT
My Aug 2018 investments are fully deployed, but my Dec 2018 investments are floundering on the rocks in a 60% pool. My Nov18 investments are 72% in queue and last movement on account was 17/04/18
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markyg61
Member of DD Central
Posts: 339
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Post by markyg61 on Jun 21, 2019 15:02:42 GMT
Multiple investments started Nov 2018 but now looking at 70% pooled ! Only 2x small loans since early April 2019
How much longer do we give it, my patience is running a bit thin now.
What do your "pools" look like ?
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Post by Badly Drawn Stickman on Jun 21, 2019 15:20:48 GMT
Multiple investments started Nov 2018 but now looking at 70% pooled ! Only 2x small loans since early April 2019
How much longer do we give it, my patience is running a bit thin now.
What do your "pools" look like ?
I have been slowly draining my pool this week, not every platform makes the grade. Makes sense to get the money out whilst its easily done.
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Post by df on Jun 22, 2019 6:26:12 GMT
Multiple investments started Nov 2018 but now looking at 70% pooled ! Only 2x small loans since early April 2019
How much longer do we give it, my patience is running a bit thin now.
What do your "pools" look like ?
I look at mine as two different "pools". 1. Pre-September - very nice and tidy (0.14% of uninvested cash) 2. Post-September - chunky and keeps growing (currently 55.6% cash drag).
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Post by Ace on Jun 22, 2019 8:50:38 GMT
Multiple investments started Nov 2018 but now looking at 70% pooled ! Only 2x small loans since early April 2019
How much longer do we give it, my patience is running a bit thin now.
What do your "pools" look like ?
I look at mine as two different "pools". 1. Pre-September - very nice and tidy (0.14% of uninvested cash) 2. Post-September - chunky and keeps growing (currently 55.6% cash drag). Same here, but Dec 2019 investments now at 70% cash drag.
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Ukmikk
Member of DD Central
Posts: 445
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Post by Ukmikk on Jun 22, 2019 10:03:23 GMT
And here, 71% post Dec.
I find the total lack of communication from the platform somewhat disconcerting. I also wonder if the expansion into India has become a priority over maintaining the UK business. Either way I'm afraid my patience and my loyalty may soon be spent and the only option will be to FO.
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Post by df on Jun 22, 2019 21:07:51 GMT
And here, 71% post Dec. I find the total lack of communication from the platform somewhat disconcerting. I also wonder if the expansion into India has become a priority over maintaining the UK business. Either way I'm afraid my patience and my loyalty may soon be spent and the only option will be to FO. Yes, all we know is that the lending should pick up after May. Well, it's almost the end of June now and nothing has changed. It would be very helpful if nsiam furnish us with an update on the progress on here or by e-mail... people have a lot of dormant cash on the platform and need more info in order to decide what to do with it. I'm planning to stay put until the end of this month and if I'm still in the dark then I will probably withdraw all non-performing investments (38% of my WLU pot).
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trium
Member of DD Central
Posts: 379
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Post by trium on Jun 26, 2019 9:15:06 GMT
I joined in April and set up 3 x £100 investments (7-15% £10 chunks) to get a feel for things. It's been like watching paint dry. Highest lent out was £130, now fallen back to £78, lending completely stopped, interest earned to date £1.07. Wasn't worth the effort of filling out the application form.
Move along, nothing to see here.
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Post by Badly Drawn Stickman on Jun 26, 2019 19:34:49 GMT
Interesting developments.
Are you now all fully invested? I am. But did first go nuclear and only reinvested interest earned to date, but it was loaned out in a few hours (obviously not a huge sum, but equally obviously enough to reach minimum plus a bit). I am however not inclined to add more at this point. I like zero loss games.
Edit, it is deliberately a touch cryptic.
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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
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Post by Godanubis on Jun 26, 2019 23:41:34 GMT
And here, 71% post Dec. I find the total lack of communication from the platform somewhat disconcerting. I also wonder if the expansion into India has become a priority over maintaining the UK business. Either way I'm afraid my patience and my loyalty may soon be spent and the only option will be to FO. Yes, all we know is that the lending should pick up after May. Well, it's almost the end of June now and nothing has changed. It would be very helpful if nsiam furnish us with an update on the progress on here or by e-mail... people have a lot of dormant cash on the platform and need more info in order to decide what to do with it. I'm planning to stay put until the end of this month and if I'm still in the dark then I will probably withdraw all non-performing investments (38% of my WLU pot). £9000 put in £3000 invested will probably remove or transfer isa.
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Post by df on Jun 27, 2019 21:35:04 GMT
Interesting developments. Are you now all fully invested? I am. But did first go nuclear and only reinvested interest earned to date, but it was loaned out in a few hours (obviously not a huge sum, but equally obviously enough to reach minimum plus a bit). I am however not inclined to add more at this point. I like zero loss games. Edit, it is deliberately a touch cryptic. Adding anything at this point would be insane I thought I'll start withdrawing in July, but this morning lost my patience and got rid of the latest (April) investment. It was 20% lent at 7% interest, which makes no sense to keep it in WLU/FO. Other investments will soon follow. Good thing is - transfer to bank account is instant (not like some HC's withdrawals taking more than a week to arrive). My older part of loan book started showing weaknesses too. I had one return lent at 9% today, but some other investments seem to be moving towards "cash drag club".
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Post by Badly Drawn Stickman on Jun 27, 2019 22:23:10 GMT
Interesting developments. Are you now all fully invested? I am. But did first go nuclear and only reinvested interest earned to date, but it was loaned out in a few hours (obviously not a huge sum, but equally obviously enough to reach minimum plus a bit). I am however not inclined to add more at this point. I like zero loss games. Edit, it is deliberately a touch cryptic. Adding anything at this point would be insane I thought I'll start withdrawing in July, but this morning lost my patience and got rid of the latest (April) investment. It was 20% lent at 7% interest, which makes no sense to keep it in WLU/FO. Other investments will soon follow. Good thing is - transfer to bank account is instant (not like some HC's withdrawals taking more than a week to arrive). My older part of loan book started showing weaknesses too. I had one return lent at 9% today, but some other investments seem to be moving towards "cash drag club". I did wonder why I was bothering to put money back in (insanity cannot be ruled out), and it's obviously not happening much, seemed to catch them by surprise and took over a day to credit. As you say the withdrawals are nice and quick, and once the percentage not lent out gets disproportionate it is the only option. I think it is just a mindset I am comfortable with that if it is only 'gains' at stake and not 'real' money I have a far more relaxed attitude to giving the platform a chance. Although due to an interest payment today, I do now have 1p pooled.
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Post by Ace on Jun 28, 2019 0:20:01 GMT
Interesting developments. Are you now all fully invested? I am. But did first go nuclear and only reinvested interest earned to date, but it was loaned out in a few hours (obviously not a huge sum, but equally obviously enough to reach minimum plus a bit). I am however not inclined to add more at this point. I like zero loss games. Edit, it is deliberately a touch cryptic. Adding anything at this point would be insane I thought I'll start withdrawing in July, but this morning lost my patience and got rid of the latest (April) investment. It was 20% lent at 7% interest, which makes no sense to keep it in WLU/FO. Other investments will soon follow. Good thing is - transfer to bank account is instant (not like some HC's withdrawals taking more than a week to arrive). My older part of loan book started showing weaknesses too. I had one return lent at 9% today, but some other investments seem to be moving towards "cash drag club". Not necessarily, in my view. 😀 If you add funds to an old investment it behaves as if it was invested at the old investment date. I tested this by adding to my Aug 2018 investment last week and it was all lent out in a couple of days. My Dec 2018 investments are 70% pooled, and the pool is still deepening. Unfortunately these shenanigans don't work for me, as only the Dec investments are in ISAs, which is where I really wanted to add.
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Ukmikk
Member of DD Central
Posts: 445
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Post by Ukmikk on Jun 28, 2019 8:16:41 GMT
Exactly my predicament.
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Post by df on Jun 28, 2019 17:51:22 GMT
Adding anything at this point would be insane I thought I'll start withdrawing in July, but this morning lost my patience and got rid of the latest (April) investment. It was 20% lent at 7% interest, which makes no sense to keep it in WLU/FO. Other investments will soon follow. Good thing is - transfer to bank account is instant (not like some HC's withdrawals taking more than a week to arrive). My older part of loan book started showing weaknesses too. I had one return lent at 9% today, but some other investments seem to be moving towards "cash drag club". Not necessarily, in my view. 😀 If you add funds to an old investment it behaves as if it was invested at the old investment date. I tested this by adding to my Aug 2018 investment last week and it was all lent out in a couple of days. My Dec 2018 investments are 70% pooled, and the pool is still deepening. Unfortunately these shenanigans don't work for me, as only the Dec investments are in ISAs, which is where I really wanted to add. I didn't think you can add to an old investment, except PF bonuses (which I do add). I meant any new money My dilemma is whether to be patient in hope that borrowing will pick up as promised or find another home for this money (UB keeps getting "greedy" ). The main reason I still keep these increasingly "pooled" investments is a thought that everything might get back to normal and in future my post-Sept investments will enjoy the privilege of being "old".
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