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Post by coolrunning on Jan 9, 2015 10:19:33 GMT
I am experimenting with the new PM, with 5 euro bids in C rated loans.
This is the future with Bondora. Either get used to it, do everything manually, or leave.
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Post by batchoy on Jan 9, 2015 10:33:58 GMT
The new Bondora Rating appears makes little sense when loans with perfect repayment records are classed HR and some in default are not. It will probably require some serious discounting to shift my remaining non-defaulted loans. I totally agree I have an Estonian B1000 which is 60days+ late but is rated A and an Estonian A1000 which is fully up to date and which has never been late and yet is Rated HR, the only reason I can see why it is rated HR is that the borrower consolidated two earlier loans when the switch was made in May 2014 to fixed rates so the earlier loans were paid off early.
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Post by batchoy on Jan 11, 2015 17:14:19 GMT
Running through my loans this evening I note that for the short period the new Portfolio Manger was running it managed to pick up loans which I would never have touched. Even when I was playing with the B+ market I never invested in wholly unverified loans, yet the new portfolio Manager has invested me in 4 'C' and 11 'A' rated unverified loans at 18.92%-28.4%.
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Post by coolrunning on Jan 14, 2015 10:20:10 GMT
I set up my new PM so that it would only invest in C and D loans I got a B, C, D and E loans 2 were OK (I would have manually picked them even though they were Finnish) One was from a 22 year old, so I would not pick that one. The worst was a Spanish C1000 loan which I would never have touched. Which one was it? The E loan maybe? No, it is the B loan at 17.35%
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Jan 14, 2015 10:43:07 GMT
I have already received 2 emails from Bondora telling me I should activate the new Profile Manager and what great benefits this will give me.
I have no intention of doing that until they give back the choice of country, as I have horrific default levels for Spain and even over 50% for Slovakia.
I am hoping they roll this one back, because they are still showing a very high rate of unfunded loans, so this latest experiment with investor's money doesn't seem to be working.
Interest rates for the better rated borrowers are considerably lower than they were before, so there is not much of interest available for manual investment either, although you can still view the country if you search the list, although I wouldn't be surprised if that was hidden next.
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duck
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Post by duck on Jan 14, 2015 16:27:11 GMT
Taking a lesson from a friendly ostrich I have plunged my head into a bucket of sand and have had a new Portfolio Manager running for some time now.
Observations I have picked up more Estonian loans than before (OK not all are the kind of Estonian loans we used to hunt out) but certainly the quantity appearing in my loan book has increased. Without seeing all the 'evidence' I'm unclear why some loans are HR rated - they 'look' better - time will tell. As jamesfrance has commented rates have come down in certain areas, some rates to below where I feel comfortable.
I have been picking up some HR's at high rates, 73.73% appears quite common and several in the +90% range. As I have commented before I feel uncomfortable with these rates, how many will actually be paid remains to be seen.
On Countries, I had stopped investing in Spain and Slovakia but I no longer have that choice. I have since the new Managers were put into place picked up probably 10-15% Spanish loans and thankfully only 2 Slovakian loans. My current default rate for Slovakia stands at 68%, Spain at 19% (both Estonia and Finland are in single figures for me).
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Jan 14, 2015 17:14:06 GMT
Duck does it bid for many loans that will never be completed? There seem to be many loans that only get a few bids which is hard to understand if the managers are operating as planned. Maybe people are afraid to set the higher rate mass default ones.
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duck
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Post by duck on Jan 14, 2015 17:26:10 GMT
Doesn't appear to be, I haven't back checked the 'reserved' from the account statement against loans actually taken out so I can't be certain but looking at the 'Market' screen (as it stands now) I have nothing against any of the loans in spite of my account having cash available.
That said of the loans that appear in 'my investments' very few are cancelled at that stage, certainly no more than previously.
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Post by batchoy on Jan 14, 2015 18:11:39 GMT
Duck does it bid for many loans that will never be completed? There seem to be many loans that only get a few bids which is hard to understand if the managers are operating as planned. Maybe people are afraid to set the higher rate mass default ones. I have a couple of 'E' loans sat on my offers tab that the generic market mix manager bid on after Bondora turned it on automatically that are looking like they might not fulfill.
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duck
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Post by duck on Jan 15, 2015 7:29:06 GMT
Doesn't appear to be, I haven't back checked the 'reserved' from the account statement against loans actually taken out so I can't be certain but looking at the 'Market' screen (as it stands now) I have nothing against any of the loans in spite of my account having cash available.
That said of the loans that appear in 'my investments' very few are cancelled at that stage, certainly no more than previously. Just been looking at the Market again and it seemed strange that I hadn't invested in some of the loans - no 'tick' showing. Opened a couple of loans and low and behold there was my bid!
Has this functionality been removed i.e. the 'tick' to show that you have already invested in a particular loan? (accept you can filter but the tick was IMHO useful when quick scanning loans on offer)
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JamesFrance
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Post by JamesFrance on Jan 15, 2015 8:00:49 GMT
The tick has been replaced by a very pale symbol which is hardly visible. If you do a mouseover you will see a message that your bid is one of the winning ones. There has been a request to reinstate the tick in the Bondora forum, but nobody from Bondora seems to care what investor's want now, so I don't expect they will take any notice.
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duck
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Post by duck on Jan 15, 2015 8:15:18 GMT
Thanks! ..... every day brings something new.
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Post by wiseclerk on Jan 16, 2015 8:30:28 GMT
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JamesFrance
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Post by JamesFrance on Jan 16, 2015 9:42:44 GMT
Kristi has very few non Estonian loans, so it will be interesting to see what proportion the new managers will allocate to different countries. There seem to be several Spanish loans filling at under 19% interest and given a C rating. Many of us have been badly burnt by taking on Spanish loans last year which have defaulted with no repayments and so far no sign of recovery. In my case this 11.5% of my portfolio has had a 35% default rate already after a few months, so is having a very adverse effect on overall expected returns.
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duck
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Post by duck on Jan 16, 2015 16:33:43 GMT
As always 'Thanks wiseclerk'
I've 'played' with my Portfolio Manager a few times and whilst I suspected a hard reset didn't have enough data to be able to confirm it - so good to have that confirmed. So far I've accumulated 4 double bids (converted into loans) placed by the Portfolio Manager - couldn't work out why that had happened so good to have that cleared up as well.
jamesfrance it appears that I inadvertently misled you in a previous post, my manager was reaching its limit (no way I could tell!) so it appeared not to be investing in a lot of loans that were never going to be filled. Having made adjustments to the Manager I now have a fair amount in loans that probably won't go anywhere ..... time will tell
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