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Post by omsettler on Jul 29, 2019 8:43:42 GMT
I've been investing for a few months now. I know how to see all the individual loans and their projected returns (I'm in 5y and rolling). At the moment I reinvest capital in interest, is their a quick way to see how much interest I am making per month - It would be nice to see what income i would get if I switched to take interest out as income per month.
Thanks in advance.
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r00lish67
Member of DD Central
Posts: 2,691 
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Post by r00lish67 on Jul 29, 2019 9:28:13 GMT
I've been investing for a few months now. I know how to see all the individual loans and their projected returns (I'm in 5y and rolling). At the moment I reinvest capital in interest, is their a quick way to see how much interest I am making per month - It would be nice to see what income i would get if I switched to take interest out as income per month. Thanks in advance. Go here: members.ratesetter.com/your_lending/money_on_loan/onloan_summary.aspxSelect to view the month you're interested in. The interest column is on the right-hand side and is totalled at the bottom. It's not perfect for the current month as it's partially a forecast for whatever days remain in the calendar month and borrowers can obvs repay early/default, but it's probably useful enough as an indication. For prior months it should be spot on I'd have thought.
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Stonk
Stonking
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Post by Stonk on Jul 29, 2019 9:42:57 GMT
For a quick but reasonably accurate idea, the Summary Page tells you your total amount on loan and your weighted average interest rate, e.g. £5,000 on loan at average 5.7%.
Then your interest would average £5,000 x 0.057 / 12 per month, i.e., £23.75. It will fluctuate a bit from month to month, but it's never going to be far from this.
If you withdraw your interest and reinvest capital, the amount on loan will stay the same. If there's a material change to how much you have on loan, just recalculate.
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tyrex
Posts: 78
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Post by tyrex on Jul 29, 2019 11:24:37 GMT
I've been investing for a few months now. I know how to see all the individual loans and their projected returns (I'm in 5y and rolling). At the moment I reinvest capital in interest, is their a quick way to see how much interest I am making per month - It would be nice to see what income i would get if I switched to take interest out as income per month. Thanks in advance. Go here: members.ratesetter.com/your_lending/money_on_loan/onloan_summary.aspxSelect to view the month you're interested in. The interest column is on the right-hand side and is totalled at the bottom. It's not perfect for the current month as it's partially a forecast for whatever days remain in the calendar month and borrowers can obvs repay early/default, but it's probably useful enough as an indication. For prior months it should be spot on I'd have thought. For everything up to, and including, today, it's perfect. Once the line goes from italic to normal, I add the interest amounts shown to the running total on my tracking spreadsheet (as well as any capital investments or withdrawals I make) - and it always adds up.
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Post by omsettler on Jul 29, 2019 12:25:02 GMT
Thanks for the info guys, I will take a look now.
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Aug 13, 2019 9:40:12 GMT
I've been investing for a few months now. I know how to see all the individual loans and their projected returns (I'm in 5y and rolling). At the moment I reinvest capital in interest, is their a quick way to see how much interest I am making per month - It would be nice to see what income i would get if I switched to take interest out as income per month. Thanks in advance. Go here: members.ratesetter.com/your_lending/money_on_loan/onloan_summary.aspxSelect to view the month you're interested in. The interest column is on the right-hand side and is totalled at the bottom. One of the most useful pages on the site... but after the most recent unnecessary redesign of the site, I can't figure out how to navigate to it through the menus, so your link was quite useful.
Edit: finally found it - on "My Account" page, scroll to "Your portfolio" section then click "Total" link... really intuitive to someone I'm sure?!
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