fric
Member of DD Central
Posts: 200 
Likes: 80
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Post by fric on May 9, 2019 5:50:07 GMT
My bondora account finally shows the somewhat true value/profits of my investments left there that my profit is negative. I say somewhat because if I decided to liquidate everything I would probably be like 300-400 EUR (last time I checked months ago) in the negative and not 90. Deposits 3.5k, withdraws 2.7k, so thats -800, so now that I think of it, its probably more than -400, since nobody is going to buy this pile of ..... with a 50% discount... Sure the real profits are much worse but hey, at least bondora is finally showing that you actually are loosing money! That's a start!  |
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Post by rahafoorum on May 18, 2019 8:11:52 GMT
Since Bondora uses the original payment schedule in their calculations for return and profit, then it takes a long time before you see your actual results. Even though the payment schedule is terminated when the loan defaults, Bondora only writes off in the calculation the principal that is overdue according to the original schedule, as if that schedule was still valid. Due to loans using annuity payment schedule, the write offs are really small in the beginning and increase over time if borrower doesn't pay anything. If a defaulted borrower makes one large lump sum payment, then they could be ahead of the original schedule with their payments and increase your returns in the calculation, even though they actually paid only half of the loan for example.
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kredithai
P2P Blogger
P2P Blogger
Posts: 14
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Post by kredithai on May 21, 2019 11:08:20 GMT
My bondora account finally shows the somewhat true value/profits of my investments left there that my profit is negative. I say somewhat because if I decided to liquidate everything I would probably be like 300-400 EUR (last time I checked months ago) in the negative and not 90. Deposits 3.5k, withdraws 2.7k, so thats -800, so now that I think of it, its probably more than -400, since nobody is going to buy this pile of ..... with a 50% discount... Sure the real profits are much worse but hey, at least bondora is finally showing that you actually are loosing money! That's a start! How long you are invested in Bondora?
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Post by brettb on Nov 9, 2019 4:41:49 GMT
I started in 2014. I did well at first (~10% annual return).
Then I did something stupid. I invested in 2017 and the money went to Spain and Finland  .
This year I've been rolling my interest back into secondary market loans. I think that shows promise. But I'm still making a monthly loss from the 2017 loan book.
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Post by coolrunning on Nov 12, 2019 7:27:29 GMT
I started in 2014. I did well at first (~10% annual return).
Then I did something stupid. I invested in 2017 and the money went to Spain and Finland .
This year I've been rolling my interest back into secondary market loans. I think that shows promise. But I'm still making a monthly loss from the 2017 loan book.
You were lucky.
You did not invest in 2015 and 2016 !
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Post by rahafoorum on Nov 29, 2019 7:31:24 GMT
I started in 2014. I did well at first (~10% annual return).
Then I did something stupid. I invested in 2017 and the money went to Spain and Finland .
This year I've been rolling my interest back into secondary market loans. I think that shows promise. But I'm still making a monthly loss from the 2017 loan book.
You missed all the Slovakians...
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fric
Member of DD Central
Posts: 200
Likes: 80
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Post by fric on Jan 13, 2020 13:16:35 GMT
Just a little update - my defaulted loans are still there, there is some recovery, I withdraw like 50 euros once every 4 months or so. Bondora statistics tells me that the losses are up to -308 eur. Outstanding principal is still at 1502 eur, so selling it @ 20% would give me 300 eur and thus result in about -400 eur in total. Since its not a lot of money, i'm just letting it stay like this and see where it goes in the future.  |
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