JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Jan 4, 2021 16:29:19 GMT
I withdrew all my funds from Robocash last year having earned 1970 Euros, I also had no problems with Swaper, Iuvo and Peerberry, however I have some money held in recovery with Mintos although small compared to profit for 6 years. I am also showing a genuine 12% at Bondora since 2013 by stopping investment 5 years ago and withdrawing all recoveries and continuing loan repayments. I was fortunate to stay away from those that failed in unregulated Europe but not from the 3 in the UK which are having their recoveries consumed by excessive so called costs.
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angrysaveruk
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Say No To T.D.S
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Post by angrysaveruk on Jan 5, 2021 10:11:43 GMT
That is an impressive performance. But i dont think the full economic effects of covid have even started to work their way through yet. I sold out of my final substantial holding in zopa in february most of which was still under their provision fund. Apart from a few bad loans in AC i am totally out of p2p and very glad i dont have any substantial exposure to the sector. I made a few quid over the year on promotional offers from platforms like kufflink which i couldnt refuse.
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Jan 6, 2021 8:53:41 GMT
Until such time as all cash has been withdrawn from a platform an XIRR figure is only as good as any implicit or explicit assumptions about projected writeoffs and/or other matters (eg instant liquidity assumptions). The only platform that has me locked in apart from the UK complete failures, is Assetz Capital, mainly because I put large amounts into GBBA2 expecting it to be fairly shared amongst loans, they then closed it before that happened so I am stuck with large sums in a few loans which cannot be sold and are now extremely high risk.
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Post by roxanamohammadian on Jan 18, 2021 16:27:20 GMT
Congratulations to Ace and skidrow on a successful year. Thank you for your informative comments. Like Ace, I am in numerous platforms - down to about 15 UK and 10 euro now. Happily out of AC, FC, GS, LW, PP, RS, & Wellesley; never in FS or Lendy! Looking ahead to 2021 - Ongoing problems: Archover (one loan), Assetz (turbine), Collateral (one loan), Money Thing, and Grupeer. Reducing: Ablrate, HNW Lending, Relendex, all euro platforms (except Flender, Property Bridges, & Trine). Steady: Capital Rise, Capital Stackers, Crowd Property, Kuflink, Loanpad, Wise Alpha. Increasing: Blend, Qardus, Social Money, Unbolted (if availability increases); plus sharemarket. Hello everyone, Thank you so much for sharing this Ace, very useful indeed. And thank you Nomad for your trust in BlendNetwork by suggesting youâll be increasing your exposure to Blend this year. We hope to exceed your expectations both in terms of financial performance and customer service :-) The whole team at BlendNetwork works incredibly hard to have satisfied lenders and happy borrowers. So, it really means a lot to us when we hear lenders looking to increase their lending with us. Hereâs to a successful year for all of us here! Have a wonderful day. Roxana Capital at risk. Read the full warning on our website.
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Post by Ace on Apr 12, 2021 16:19:56 GMT
As it's a quiet day for me and the first quarter of the year has passed I thought I would provide a brief update of how my P2P portfolio is progressing. My capital weighted average XIRR has risen from 6.44% to 7.25%. Mainly due to moving funds from lower to higher paying platforms, but partly due to escaping from some of my least favoured platforms (British Pearl, Fund Ourselves and Ratesetter [ I accept that I'm in the minority for not liking RS ð]). I've also made a major breakthrough in my spreadsheet skills, in that I've worked out how to combine the data from seperate sheets for each platform into a single total portfolio XIRR. The answer is that my true portfolio XIRR is currently 7.29%, which makes me wonder why I bothered since it's almost the same as the rough-and-ready capital weighted average. I'm expecting that this will continue to rise as more bullet loans redeem. I've also managed to reduce my maximum exposure to any one platform below 20% of my portfolio ð. My largest platform is now ABLrate at 17.3%. Loanpad is in second place at 14.8%. Crowdproperty is third at 11.65 %. No other platform has more than 7%. The remaining significant platforms, in order of size are: AxiaFunder Assetz Capital Qardus Proplend SoMo Brickowner CapitalRise Kuflink Unbolted HNW Lending Assetz Exchange Landlordinvest I've now got the majority of last year's ISA allowance sat in Nationwide while I decide which platforms to allocate it to (currently considering CP, PL, CR, UB, LI and perhaps K when they allow self-select in an ISA. And before you ask roxanamohammadian, I would have considered Blend if they had an ISA ð). I held it back incase there was a major dip in global S&S prices, but can't bring myself to add to my VWRL at is current all time high, so I'll take the 7%+ that I can achieve from P2P and chuck this year's ISA allowance in VWRL if the dip comes. |
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qwakuk
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Post by qwakuk on Apr 12, 2021 16:36:44 GMT
Appreciate the update.
Also looking for a home for an old Cash ISA (very old, some of it may be rolled over TESSA money) maturing over the coming weekend.
Was considering Elfin but they do not seem to allow ISA transfers.
Came across Invest & Fund and had a brief email exchange and they seem to suggest good pipeline availability so may open and stick a chunk in.
Had looked at LandlordInvest but seems to be manual lending and goes very quickly so seems to be a cash drag issue.
May have to stick with PL, CR, CP (happy with them to date) and stick a large proportion in LP for the moment and set up the 60 day rolling withdrawals you mention to feed somewhere later in the Summer.
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Post by Ace on Apr 12, 2021 17:52:37 GMT
Appreciate the update. Also looking for a home for an old Cash ISA (very old, some of it may be rolled over TESSA money) maturing over the coming weekend. Was considering Elfin but they do not seem to allow ISA transfers. Came across Invest & Fund and had a brief email exchange and they seem to suggest good pipeline availability so may open and stick a chunk in. Had looked at LandlordInvest but seems to be manual lending and goes very quickly so seems to be a cash drag issue. May have to stick with PL, CR, CP (happy with them to date) and stick a large proportion in LP for the moment and set up the 60 day rolling withdrawals you mention to feed somewhere later in the Summer. I had a quick look at Invest & Fund from outside the fence. It looked to me that the rates were rather low for development loans, particularly when they've been reduced by the 1.25% ISA fee. I didn't find any loan stats. Have you considered Kuflink as an alternative? They seem to have a fairly high loan flow, and have stated that they are introducing their self-select ISA imminently.
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Post by df on Apr 12, 2021 21:04:50 GMT
As it's a quiet day for me and the first quarter of the year has passed I thought I would provide a brief update of how my P2P portfolio is progressing. My capital weighted average XIRR has risen from 6.44% to 7.25%. Mainly due to moving funds from lower to higher paying platforms, but partly due to escaping from some of my least favoured platforms (British Pearl, Fund Ourselves and Ratesetter [ I accept that I'm in the minority for not liking RS ð]). I've also made a major breakthrough in my spreadsheet skills, in that I've worked out how to combine the data from seperate sheets for each platform into a single total portfolio XIRR. The answer is that my true portfolio XIRR is currently 7.29%, which makes me wonder why I bothered since it's almost the same as the rough-and-ready capital weighted average. I'm expecting that this will continue to rise as more bullet loans redeem. I've also managed to reduce my maximum exposure to any one platform below 20% of my portfolio ð. My largest platform is now ABLrate at 17.3%. Loanpad is in second place at 14.8%. Crowdproperty is third at 11.65 %. No other platform has more than 7%. The remaining significant platforms, in order of size are: AxiaFunder Assetz Capital Qardus Proplend SoMo Brickowner CapitalRise Kuflink Unbolted HNW Lending Assetz Exchange Landlordinvest I've now got the majority of last year's ISA allowance sat in Nationwide while I decide which platforms to allocate it to (currently considering CP, PL, CR, UB, LI and perhaps K when they allow self-select in an ISA. And before you ask roxanamohammadian , I would have considered Blend if they had an ISA ð). I held it back incase there was a major dip in global S&S prices, but can't bring myself to add to my VWRL at is current all time high, so I'll take the 7%+ that I can achieve from P2P and chuck this year's ISA allowance in VWRL if the dip comes. Thank you for your reports and updates. They are very interesting and informative. Reminds me I need to look at my p2p allocation percentages, last time I've checked on 4th Feb Collateral was at 14% (on 12th Apr 2018 it was 7%) and I fear this has now increased since my last audit... I'll post it here when it's done for a contrast  Your position in ABL is interesting. There's only a handful of borrowers there to diversify.
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qwakuk
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Post by qwakuk on Apr 12, 2021 21:14:52 GMT
Appreciate the update. Also looking for a home for an old Cash ISA (very old, some of it may be rolled over TESSA money) maturing over the coming weekend. Was considering Elfin but they do not seem to allow ISA transfers. Came across Invest & Fund and had a brief email exchange and they seem to suggest good pipeline availability so may open and stick a chunk in. Had looked at LandlordInvest but seems to be manual lending and goes very quickly so seems to be a cash drag issue. May have to stick with PL, CR, CP (happy with them to date) and stick a large proportion in LP for the moment and set up the 60 day rolling withdrawals you mention to feed somewhere later in the Summer. I had a quick look at Invest & Fund from outside the fence. It looked to me that the rates were rather low for development loans, particularly when they've been reduced by the 1.25% ISA fee. I didn't find any loan stats. Have you considered Kuflink as an alternative? They seem to have a fairly high loan flow, and have stated that they are introducing their self-select ISA imminently. Missed the 1.25% fee KU already got some in, but would add more when self select becomes available
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Post by Ace on Apr 12, 2021 21:43:04 GMT
Thank you for your reports and updates. They are very interesting and informative. Reminds me I need to look at my p2p allocation percentages, last time I've checked on 4th Feb Collateral was at 14% (on 12th Apr 2018 it was 7%) and I fear this has now increased since my last audit... I'll post it here when it's done for a contrast Oh dear, I take from your Col percentages that I'll be fine as long as I never attempt to reduce my P2P exposure ð Yes, diversification on ABL is quite a problem. As loans have repaid I've been guilty of loading cash into connected loans and becoming more overexposed to certain borrowers than I can really justify. The trouble is that it keeps paying profits, which just pushes it higher up the rankings. ð Here's what goes through my head when I attempt the justification: I've been with ABL for 3 years now. Net of losses, over my combined ISA and Standard accounts I've achieved an XIRR of just over 12%. That's a total of 40% profit over the 3 years. Therefore, only 60% of my ABL pot is original capital which would rank it as my 3rd largest platform. So, really my lowest risk platform, Loanpad, is "really" my largest platform!!! ðĪŠ OK, I'll have words with myself, but not sure it will do any good. And please don't tell ozboy, I think he might be starting to get alittle bit disillusioned with the whole P2P goldmine thing.
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Post by overthehill on Apr 13, 2021 7:52:27 GMT
I had a quick look at Invest & Fund from outside the fence. It looked to me that the rates were rather low for development loans, particularly when they've been reduced by the 1.25% ISA fee. I didn't find any loan stats. Have you considered Kuflink as an alternative? They seem to have a fairly high loan flow, and have stated that they are introducing their self-select ISA imminently. Missed the 1.25% fee KU already got some in, but would add more when self select becomes available
Yes but the lender fee for the standard account is 0.75% so 0.5% less than ISA product.
This company is now rated 3 star at 4thway but the return rates are stated as 6.67% and 6.17% , whereas the Invest+Fund website states 6.5% before fees. Either they have dropped their rates or 4thway has been wrong all along.
I'm not interested in any offering where the ISA has a lower rate of return or if it is not flexible. It seems to me non-flexible ISAs are a huge business own goal.
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IFISAcava
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Post by IFISAcava on Apr 13, 2021 8:33:32 GMT
As it's a quiet day for me and the first quarter of the year has passed I thought I would provide a brief update of how my P2P portfolio is progressing. My capital weighted average XIRR has risen from 6.44% to 7.25%. Mainly due to moving funds from lower to higher paying platforms, but partly due to escaping from some of my least favoured platforms (British Pearl, Fund Ourselves and Ratesetter [ I accept that I'm in the minority for not liking RS ð]). I've also made a major breakthrough in my spreadsheet skills, in that I've worked out how to combine the data from seperate sheets for each platform into a single total portfolio XIRR. The answer is that my true portfolio XIRR is currently 7.29%, which makes me wonder why I bothered since it's almost the same as the rough-and-ready capital weighted average. I'm expecting that this will continue to rise as more bullet loans redeem. I've also managed to reduce my maximum exposure to any one platform below 20% of my portfolio ð. My largest platform is now ABLrate at 17.3%. Loanpad is in second place at 14.8%. Crowdproperty is third at 11.65 %. No other platform has more than 7%. The remaining significant platforms, in order of size are: AxiaFunder Assetz Capital Qardus Proplend SoMo Brickowner CapitalRise Kuflink Unbolted HNW Lending Assetz Exchange Landlordinvest I've now got the majority of last year's ISA allowance sat in Nationwide while I decide which platforms to allocate it to (currently considering CP, PL, CR, UB, LI and perhaps K when they allow self-select in an ISA. And before you ask roxanamohammadian , I would have considered Blend if they had an ISA ð). I held it back incase there was a major dip in global S&S prices, but can't bring myself to add to my VWRL at is current all time high, so I'll take the 7%+ that I can achieve from P2P and chuck this year's ISA allowance in VWRL if the dip comes. Surely VWRL is either at an all time high, or it is in a dip - a binary state? And ATHs are a minority of days, even now? Unless you mean a specific % dip - in which case how much of a dip are you waiting for before you invest again? My worry is not investing ever as you keep waiting for a % dip than never comes - and then the eventual crash/correction is still to a higher price than if you'd invested now (and that's IF you can time the bottom).
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Post by Ace on Apr 13, 2021 9:11:07 GMT
Surely VWRL is either at an all time high, or it is in a dip - a binary state? And ATHs are a minority of days, even now? Unless you mean a specific % dip - in which case how much of a dip are you waiting for before you invest again? My worry is not investing ever as you keep waiting for a % dip than never comes - and then the eventual crash/correction is still to a higher price than if you'd invested now (and that's IF you can time the bottom). Yes, clearly what you say is true. And yes, I obviously meant a significant dip. My problem is that I'm expecting a Covid dip in share prices that hasn't happened yet. I don't think that economies will be able to be falsely inflated by government support to the current level forever, and that sooner or later a dip to below pre Covid highs will come. I confess that my knowledge of the mechanics of this is severely lacking. I just don't see how the average company can be in a better position now than it was pre Covid. I'm not looking to time the bottom, it just doesn't seem to me to be a sensible time to buy now. My major S&S investments are in global trackers within my pensions, and I've left them alone. I also have some in ISAs that I traded during early the Covid fluctuations to make some minor profits, so my bets are already hedged. I'm more than happy to collect 7%+ from my P2P endeavours until the dip comes. If it never does then its no big deal, I'll just be more heavily invested in P2P than I intended, which I can live with. If I get too overweight in P2P, and VWRL has stabilised at a higher price, I might buy back in to rebalanced eventually. I will only have lost out if the higher price is above the compound returns from my P2P portfolio. I would expect to be able to time it so that that was not the case.
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Post by overthehill on Apr 13, 2021 11:09:52 GMT
Missed the 1.25% fee KU already got some in, but would add more when self select becomes available
Yes but the lender fee for the standard account is 0.75% so 0.5% less than ISA product.
This company is now rated 3 star at 4thway but the return rates are stated as 6.67% and 6.17% , whereas the Invest+Fund website states 6.5% before fees. Either they have dropped their rates or 4thway has been wrong all along.
I'm not interested in any offering where the ISA has a lower rate of return or if it is not flexible. It seems to me non-flexible ISAs are a huge business own goal.
I'm not sure what rates are being offered after looking at their home page as nothing adds up. In addition to above, it also says 'earn gross interest rates from 7% to 8.5% p.a' and right at the top 'Does your ISA earn a gross return of 6.5% ?'.
My calculator and their data says ISA return could be 5.25%. Doesn't inspire confidence.
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Post by df on Apr 14, 2021 22:06:12 GMT
Thank you for your reports and updates. They are very interesting and informative. Reminds me I need to look at my p2p allocation percentages, last time I've checked on 4th Feb Collateral was at 14% (on 12th Apr 2018 it was 7%) and I fear this has now increased since my last audit... I'll post it here when it's done for a contrast Oh dear, I take from your Col percentages that I'll be fine as long as I never attempt to reduce my P2P exposure ð I was wrong about Col, I forgot that all my payouts from FO and RS went to LP and I've also earned and reinvested some interest back into p2p, so my Col position remains the same | Loanpad | 19.66%
| Within my 20% self-imposed allowance. | | Assetz Capital | 15.9% | Keeping funds on platform, reinvesting interest, but no intensions for new money until new loans start to come in. | | Unbolted | 14.88% | Reducing due to diminished loan flow. | | Collateral | 13.54% | All in BDO's hands... | | Lending Crowd | 10.14% | No loan flow for retail investors. Withdrawing weekly. I hope they will restart at some point. If they do I will be back. My return so far is 8.11%. | | Ablrate | 7.1% | Should be lower, but I break my diversification (limit per borrower) rule with Abl. | | Lending Works | 4.16% | Withdrawing weekly. | | Lendy | 3.92% | Expecting capital loss, in worst case scenario (no more repayments) 1.8% of my current p2p. I'm sure there will be few more recoveries and we'll get our crumbs. | | MoneyThing | 2.85% | Should break even, if not the loss will be very small. | | FundingSecure | 2.32% | Broke even. Any returns will be a profit (not expecting much). | | Rebuilding Society | 1.92% | Investing in every new loan, but they don't come very often. | | Bondmason | 0.95% | Waiting for recoveries (if any). Probably will end up with a small loss. | | Elfin Market | 0.72% | I might increase, but prefer to keep it low. | | Connective Lending | 0.72% | Investing in every bling that comes in. | | Huddle Capital | 0.6% | Withdrawing returns monthly. | | Zopa | 0.6% | Withdrawing returns weekly. | | Funding Circle | 0.04% | Nothing in live loans. Droplets of recoveries are still coming. Withdrawing monthly. Ended up with a small profit. |
Not very attractive portfolio  Col (BDO) is the ugliest chunk.
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Col (BDO) is the ugliest chunk.