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Post by df on Sept 15, 2021 20:04:07 GMT
I had a different kind of discrepancy. On this particular investment my AER was displayed as 9.4% 45 minutes ago and the sum of interest was lower than I've been credited. Can't see this now - it just shows 0% for everything and the true sum of interest I've received.That's what shows for my previously completed investment, but the one that completed today is still showing all the details right now. I expect the details will be zeroed soon. I'm not clear whether my "Overall Realised AER" includes completed loans or just current ones. I'm not entirely sure, but I think it includes current investments only.
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Post by Ace on Sept 17, 2021 15:22:46 GMT
I had a different kind of discrepancy. On this particular investment my AER was displayed as 9.4% 45 minutes ago and the sum of interest was lower than I've been credited. Can't see this now - it just shows 0% for everything and the true sum of interest I've received.That's what shows for my previously completed investment, but the one that completed today is still showing all the details right now. I expect the details will be zeroed soon. I'm not clear whether my "Overall Realised AER" includes completed loans or just current ones. Still no change to the completed loan details, I.e. one showing mostly zeroes and the other showing full details. On a brighter note, my reinvestment from 15th Sept is already fully invested.
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Post by df on Sept 17, 2021 15:34:35 GMT
That's what shows for my previously completed investment, but the one that completed today is still showing all the details right now. I expect the details will be zeroed soon. I'm not clear whether my "Overall Realised AER" includes completed loans or just current ones. Still no change to the completed loan details, I.e. one showing mostly zeroes and the other showing full details. On a brighter note, my reinvestment from 15th Sept is already fully invested. The same here, my 15th Sept is invested too. I recall my previous investment in July was invested on the next day. My current balance is 100% on loan.
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Post by Ace on Sept 17, 2021 16:16:11 GMT
The numbers don't quite add up. I wouldn't want to tar EM with this rather smelly brush, but there are echoes of Fund Ourselves in the adding up department. The total of my 3 extant investments don't add up to the Total Balance! My summary Percentage On Loan says 100.0%, yet one of my 3 equal investments says 96.4%! I can't understand why a financial outfit doesn't at least ensure that the numbers it presents are self consistent. Tagging Mansour B for comment.
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Greenwood2
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Post by Greenwood2 on Sept 17, 2021 17:09:14 GMT
The numbers don't quite add up. I wouldn't want to tar EM with this rather smelly brush, but there are echoes of Fund Ourselves in the adding up department. The total of my 3 extant investments don't add up to the Total Balance! My summary Percentage On Loan says 100.0%, yet one of my 3 equal investments says 96.4%! I can't understand why a financial outfit doesn't at least ensure that the numbers it presents are self consistent. Tagging Mansour B for comment. I had a couple at 140% invested recently, with 100% total invested! These anomalies seem to sort themselves out after a few days (obviously I wasn't particularly concerned about being apparently over invested ). And some totals still don't seem to be updated everywhere yet this month, slower than usual. I wonder if the software is struggling with the increasing number of transactions with increasing numbers of borrowers and lenders.
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Post by Ace on Sept 17, 2021 17:30:31 GMT
The numbers don't quite add up. I wouldn't want to tar EM with this rather smelly brush, but there are echoes of Fund Ourselves in the adding up department. The total of my 3 extant investments don't add up to the Total Balance! My summary Percentage On Loan says 100.0%, yet one of my 3 equal investments says 96.4%! I can't understand why a financial outfit doesn't at least ensure that the numbers it presents are self consistent. Tagging Mansour B for comment. I had a couple at 140% invested recently, with 100% total invested! These anomalies seem to sort themselves out after a few days (obviously I wasn't particularly concerned about being apparently over invested ). And some totals still don't seem to be updated everywhere yet this month, slower than usual. I wonder if the software is struggling with the increasing number of transactions with increasing numbers of borrowers and lenders. I just don't find it acceptable that we should wait a few days if numbers don't add up to see if they become self consistent. There's no way we can check if any of the figures are correct as we don't know which loans were invested in, or at what rates. We also have no idea what level of diversification we have. All this was promised 19 months ago ( p2pindependentforum.com/post/368321/thread), but nothing has been forthcoming.
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Greenwood2
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Post by Greenwood2 on Sept 17, 2021 17:42:33 GMT
I had a couple at 140% invested recently, with 100% total invested! These anomalies seem to sort themselves out after a few days (obviously I wasn't particularly concerned about being apparently over invested ). And some totals still don't seem to be updated everywhere yet this month, slower than usual. I wonder if the software is struggling with the increasing number of transactions with increasing numbers of borrowers and lenders. I just don't find it acceptable that we should wait a few days if numbers don't add up to see if they become self consistent. There's no way we can check if any of the figures are correct as we don't know which loans were invested in, or at what rates. We also have no idea what level of diversification we have. All this was promised 19 months ago ( p2pindependentforum.com/post/368321/thread), but nothing has been forthcoming. I agree under the hood is rather opaque, but interest seems to pay regularly and rates, although pretty variable between individual investments, seem pretty good so I'm leaving a bit of rope for a still fairly new platform. They do reply to emails about any concerns. I would be interested to hear what they say about yours.
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treeman
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Post by treeman on Sept 17, 2021 23:41:48 GMT
My experience - Similarly to earlier posts my first 6M investment matured 15/9. I have 2 current investments. The dashboard figs issue - the only thing that bugs me about EM - finally caught up this evening so I've only just had a chance to update my own spreadsheet. Totals all add up and my overall EM quoted AER of 8.9% agrees with the 8.94% XIRR from my spreadsheet, which is an 'all-time' figure including matured and current investments df AceWell above the target rates so nothing to complain about!
The matured investment has been re-invested and is now all on loan.
The 'maturing and reinvestment' process has thrown up some 'anomalies' wrt the individual investments/AERs. The maturing investment had begun to run down the % on loan over the last few weeks dropping to about 40% a couple of weeks ago and to zero a few days prior to maturity. I guess that's how EM handle the freeing up of cash in time.
The figure quoted as matured and ready for withdrawal or reinvestment was actually the total after the 16/8 interest payment. After I'd pressed the buttons it occured to me to wonder where the 15/9 interest would end up - free cash or, as turned out to be the case, all added to my other investment. Which makes the AERs for each investment individually somewhat irrelevant, especially if you have invested in numerous chunks. The first had no interest credited for Aug-Sep prior to maturity and the 2nd had more than it should. Which also throws up the question of what would happen if you only have one investment chunk and reinvested asap before the interest caught up?
The first was showing AER 9.3% prior to maturity (zero'd now). Using a final date as the Aug interest date then XIRR agrees but using the actual date the funds were available to me gives XIRR 7.92%.
I guess that EM work on an Investor Account basis and that the individual investments are only really useful up to the penultimate month. It all comes good on the overall figs.
I've also kept an eye on the Lent and Withdrawals stats since investing. I assume these are EM's all-time stats. Both show a consistent uptick but a count of what's actually on loan currently would be good.
Overall I'm quite happy with EM, room for website improvement but a decent return. I'll likely add another chunk fairly soon. I've emailed EM a few times whilst getting to grips with what to expect. Good comms and questions answered.
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Greenwood2
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Post by Greenwood2 on Sept 18, 2021 19:43:39 GMT
Expected October payment now updated, I think that is everything now updated for this month.
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Post by Ace on Sept 18, 2021 19:56:49 GMT
It's taken 3 whole days, but my account details are finally self consistent. i.e...
The total of my 3 extant investments now add up to the Total Balance.
My summary Percentage On Loan is now commensurate with the average of my 3 extant investment.
My Overall Realised AER now agrees with my own calculation of the total account XIRR (including completed investments).
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qwakuk
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Post by qwakuk on Sept 19, 2021 10:39:57 GMT
My first 3 interest payments just remained in the queue until I contacted them, the most recent is now invested, albeit taken a few days for the app to update.
I added my capital in 3 lots and these appear separately in "Investments" tab but the intertest does not appear on its own, looks like it has been allocated across all 3 as the totals agree.
Everyone seeing the same ?
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Greenwood2
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Post by Greenwood2 on Sept 19, 2021 14:42:28 GMT
My first 3 interest payments just remained in the queue until I contacted them, the most recent is now invested, albeit taken a few days for the app to update. I added my capital in 3 lots and these appear separately in "Investments" tab but the intertest does not appear on its own, looks like it has been allocated across all 3 as the totals agree. Everyone seeing the same ? Yes that's the way it works. Interest is credited as a single amount, but is allocated to each investment separately, each investment has it's own AER and they can be wildly different. Click on the investment bubble to see the details.
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Greenwood2
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Post by Greenwood2 on Oct 15, 2021 15:13:01 GMT
I had a couple at 140% invested recently, with 100% total invested! These anomalies seem to sort themselves out after a few days (obviously I wasn't particularly concerned about being apparently over invested ). And some totals still don't seem to be updated everywhere yet this month, slower than usual. I wonder if the software is struggling with the increasing number of transactions with increasing numbers of borrowers and lenders. I just don't find it acceptable that we should wait a few days if numbers don't add up to see if they become self consistent. There's no way we can check if any of the figures are correct as we don't know which loans were invested in, or at what rates. We also have no idea what level of diversification we have. All this was promised 19 months ago ( p2pindependentforum.com/post/368321/thread), but nothing has been forthcoming. All looks to be done on the day this month, as far as I can see on my account anyway.
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Post by Ace on Oct 15, 2021 15:24:46 GMT
I just don't find it acceptable that we should wait a few days if numbers don't add up to see if they become self consistent. There's no way we can check if any of the figures are correct as we don't know which loans were invested in, or at what rates. We also have no idea what level of diversification we have. All this was promised 19 months ago ( p2pindependentforum.com/post/368321/thread), but nothing has been forthcoming. All looks to be done on the day this month, as far as I can see on my account anyway. Not quite for me. My Total balance is now less than my amount on loan! And my amount in queue is negative. Hence my percentage on loan is now 101%. I'm guessing its a case of some figures have been updated and some have not yet.
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Greenwood2
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Post by Greenwood2 on Oct 15, 2021 17:40:03 GMT
All looks to be done on the day this month, as far as I can see on my account anyway. Not quite for me. My Total balance is now less than my amount on loan! And my amount in queue is negative. Hence my percentage on loan is now 101%. I'm guessing its a case of some figures have been updated and some have not yet. It seems to be fairly common to have more on loan than you actually have on the platform, not just at payment times, I have no clue why. Edit: Currently I have 100.2% on loan.
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