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Post by df on Mar 15, 2019 17:29:13 GMT
Welendus. You can see a lot of reports about cash drag. For some reason my investments were not affected as bad as many others. I think it just comes and goes depending on supply/demand balance. I've never sold any loans, but seen reports on W board that selling is quick. In my understanding you don't loose interest if you put your investment for sale, but I might be wrong. This is true, you can't sell part of your investment, it has to be the whole lot. Saying that, minimum investment is £100. So for example if you want to invest 1k you can split it into 10 separate investments. When it comes to selling, you don't need to sell 1k, only £100+whatever it earned you up to date. AC's access accounts' rates are low, but in return you can access your money when you need it without any fees. What sort of % rates are you getting in Welendus? I've never done a proper calculation, so can't tell you the exact figure, but together with PF bonus it should be above 10%.
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Post by df on Mar 15, 2019 17:46:36 GMT
I'm now well into 5 figures on W but I couldn't say I'm 100% comfortable - not that I'd be 100% comfortable on any platform.... One issue is the cash drag as has been discussed but at least that is crystal clear what one's position is. What I've never liked is the opacity. Its tricky in the area of personal loans because I can understand for small loans the platform doesn't want to give out their details. However, I do think they could try harder to make it clearer and I have my suspicion that it is in W's interest to keep the black box opaque. IMO, if someone else pops up with a similar model but giving lenders better p2p information they'll eat W's lunch. Which platform would you suggest for someone who liked the old FC model and the more liquid FS of about a year ago to take their funds? Lending Crowd. It's a much better version of FC. Works in a very similar way as the old FC. Less loans, but the quality is much better (i.e. far less defaults than on FC). Selling is easy, but there is 0.5% charge for it. My historical return is 8.6% (after fees and bad debt). I also use Rebs, but loan flow is very slow, so my portfolio is very little. My average net return there is 12.3%.
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number5
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Post by number5 on Mar 15, 2019 17:49:47 GMT
I guess we/I are straying well off topic but I'm not sure I'd be comfortable recommending a platform although I am happy to pass on my own experiences. I'd definitely be careful about selecting one based on SM liquidity because that can change on the turn of a coin (or whatever the expression is !) As was the case here on FS!
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number5
Member of DD Central
Posts: 449
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Post by number5 on Mar 15, 2019 17:51:18 GMT
Which platform would you suggest for someone who liked the old FC model and the more liquid FS of about a year ago to take their funds? Lending Crowd. It's a much better version of FC. Works in a very similar way as the old FC. Less loans, but the quality is much better (i.e. far less defaults than on FC). Selling is easy, but there is 0.5% charge for it. My historical return is 8.6% (after fees and bad debt). I also use Rebs, but loan flow is very slow, so my portfolio is very little. My average net return there is 12.3%. Cheers mate....Lending Crowd sounds quite good, may need to check it out. and with that return of Welundus, I will have at look there as well!
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Post by charliebrown on Mar 18, 2019 5:14:03 GMT
Some of my loans have had no update since before Christmas. Not sure whether the change of ownership can turn FS around or whether it’s the next LY on an irreversible downward spiral.
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number5
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Post by number5 on Mar 18, 2019 16:01:39 GMT
I generally prefer to only use one platform...previously FC. But I have a lot of cash drag now on FS as I am not investing in loans I would previously have and there are not many loans I would invest in coming up now. I am looking for a new home for my funds, I have read quite a few good things about Welendus but....you don't earn interest when loan is up for sale? You can't sell part of a holding, must sell the whole lot? Cash drag? Read good stuff about AC too but rates seem to be very low....don't know much about LW, RS, UB etc Welendus. You can see a lot of reports about cash drag. For some reason my investments were not affected as bad as many others. I think it just comes and goes depending on supply/demand balance. I've never sold any loans, but seen reports on W board that selling is quick. In my understanding you don't loose interest if you put your investment for sale, but I might be wrong. This is true, you can't sell part of your investment, it has to be the whole lot. Saying that, minimum investment is £100. So for example if you want to invest 1k you can split it into 10 separate investments. When it comes to selling, you don't need to sell 1k, only £100+whatever it earned you up to date. AC's access accounts' rates are low, but in return you can access your money when you need it without any fees. Another question of withdrawing on WL - You re not able to withdraw idle funds? So if I have cash drag of say 1K and I want to withdraw this into my bank account, it is not possible?
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Post by df on Mar 18, 2019 18:45:12 GMT
Welendus. You can see a lot of reports about cash drag. For some reason my investments were not affected as bad as many others. I think it just comes and goes depending on supply/demand balance. I've never sold any loans, but seen reports on W board that selling is quick. In my understanding you don't loose interest if you put your investment for sale, but I might be wrong. This is true, you can't sell part of your investment, it has to be the whole lot. Saying that, minimum investment is £100. So for example if you want to invest 1k you can split it into 10 separate investments. When it comes to selling, you don't need to sell 1k, only £100+whatever it earned you up to date. AC's access accounts' rates are low, but in return you can access your money when you need it without any fees. Another question of withdrawing on WL - You re not able to withdraw idle funds? So if I have cash drag of say 1K and I want to withdraw this into my bank account, it is not possible? I did withdraw 2 investments a while ago. That was due to none of the investment was lent for several days. In this situation withdrawal is instant, just takes some time to arrive to your bank account. I don't know what will happen if part of your investment is lent and part isn't, but I'd imagine your lent money will be sold and then you'll be able to withdraw all of your investment. It could be more productive if you ask this question on Welendus board, somebody with more withdrawal experience might give you a better answer. This is FS board so may not be read by those who invests on Welendus.
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