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Post by chubby on May 7, 2021 13:19:58 GMT
It is now getting almost impossible to stay fully invested with CP.
I think this is a real shame and think they are not being honest with their long time investors.
They should seriously consider restricting more investors until they can achieve a more equitable way of loan allocation and avoid a serious cash drag
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easylender
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Post by easylender on May 7, 2021 17:11:16 GMT
I managed to get fully invested in April. Since then several loans have paid back and there have been fewer new loans in the last two weeks, so I'm 4% uninvested now. There are 4 loans offered next week, so I have a good chance of becoming fully invested again.
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jj
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Jolly Jammy
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Post by jj on May 8, 2021 5:14:52 GMT
It was alright till you lot came along!  |
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Post by chubby on May 11, 2021 9:06:44 GMT
This is getting worse , just can’t get funds invested. Now I have 18% of cash sitting in CP and can’t get it invested. I know this is a popular site but it is taking so much time to try and get invested it is getting less worthwhile to try. I think CP should have an allocation or token system to achieve some equitable allocation of investors funds.
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markyg61
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Post by markyg61 on May 11, 2021 9:28:12 GMT
This is getting worse , just can’t get funds invested. Now I have 18% of cash sitting in CP and can’t get it invested. I know this is a popular site but it is taking so much time to try and get invested it is getting less worthwhile to try. I think CP should have an allocation or token system to achieve some equitable allocation of investors funds. They do, it's called "AutoInvest"
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Ace
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Post by Ace on May 11, 2021 9:41:58 GMT
This is getting worse , just can’t get funds invested. Now I have 18% of cash sitting in CP and can’t get it invested. I know this is a popular site but it is taking so much time to try and get invested it is getting less worthwhile to try. I think CP should have an allocation or token system to achieve some equitable allocation of investors funds. They do, it's called "AutoInvest" Today's autoinvest allocation was 4.7% of one's maximum pledge size. Assuming the maximum pledge size is set as high as possible, it would take chubby 106 loans to get his 18% of funds fully allocated via autoinvest. And that's assuming there were no interest or capital repayments in that time. There's really no option but to enter the FFF scrum, at least occasionally, to get deployed now. As CP's nearest competitor, I would expect that Kuflink is a major beneficiary of the difficulty to get invested at CP. It's normally quite easy to deploy funds manually at kuflink, but their manual loans are also fully funded right now.
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Post by overthehill on May 11, 2021 11:09:07 GMT
min investment 500 , max pledge 2000. CP have still have plenty of scope to increase loan diversity and access. They are content to hack off 3 investors who miss out on 500 rather than one investor who only gets 500 instead of 2000. Ultimately they want to be able to fund any sized future loan easily by alienating as little capital and as few investors as possible.
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Ace
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Post by Ace on May 11, 2021 13:42:01 GMT
min investment 500 , max pledge 2000. CP have still have plenty of scope to increase loan diversity and access. They are content to hack off 3 investors who miss out on 500 rather than one investor who only gets 500 instead of 2000. Ultimately they want to be able to fund any sized future loan easily by alienating as little capital and as few investors as possible. It seems like they are listening. Tomorrow's loan has a £1k maximum manual pledge limit, though it is a relatively small loan. I haven't noticed such a small maximum pledge size before, but I haven't been watching that closely as I'm usually happy with £500. Can anyone confirm whether this is a first for a £1k max?
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on May 11, 2021 15:41:51 GMT
They do, it's called "AutoInvest" Today's autoinvest allocation was 4.7% of one's maximum pledge size. Assuming the maximum pledge size is set as high as possible, it would take chubby 106 loans to get his 18% of funds fully allocated via autoinvest. And that's assuming there were no interest or capital repayments in that time. There's really no option but to enter the FFF scrum, at least occasionally, to get deployed now. As CP's nearest competitor, I would expect that Kuflink is a major beneficiary of the difficulty to get invested at CP. It's normally quite easy to deploy funds manually at kuflink, but their manual loans are also fully funded right now. kufflink have nothing available as of the evening of 10/5/2021 Ace so that may be the case
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p2pfan
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Full-Time Investor
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Post by p2pfan on May 12, 2021 0:53:44 GMT
min investment 500 , max pledge 2000. CP have still have plenty of scope to increase loan diversity and access. They are content to hack off 3 investors who miss out on 500 rather than one investor who only gets 500 instead of 2000. Ultimately they want to be able to fund any sized future loan easily by alienating as little capital and as few investors as possible. It seems like they are listening. Tomorrow's loan has a £1k maximum manual pledge limit, though it is a relatively small loan. I haven't noticed such a small maximum pledge size before, but I haven't been watching that closely as I'm usually happy with £500. Can anyone confirm whether this is a first for a £1k max? Yes, £1k maximum is the lowest cap there has been in all the time I've been investing. There used to be no cap, then they introduced a "temporary" £5k one. Then a £3k one. Then £2k. Now £1k. It seems CP are trying to do everything they can to underline their favouritism towards smaller investors and drive away larger investors. A few of the latter I've come across have said they are now tremendously frustrated. Strangely, CP think it makes more business sense to manage all the administration and customer service for ten smaller lenders than one larger investor (e.g. 10 x £500 v 1 x £5,000), even though they already struggle from time to time on the customer service front. For me, all the necessary due diligence on a loan and having to make sure you are ready to play FFF at 10am is not worth it for a £1k maximum stake, where, if the loan redeems and the platform is still around, one stands to earn interest of around £75 pre-tax after 12 months.
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dave4
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Post by dave4 on May 12, 2021 6:31:51 GMT
What do you suggest p2pfan as a better alternative ?. Regarding the new low £1000 max manual limit on today's loan, im wondering if there will be a change to the £50 auto invest min.? ( i believe this has been lowered to £25 recently on a loan) web site states £50 minimum)). |
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Ace
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Post by Ace on May 12, 2021 7:32:02 GMT
I think the current situation is frustrating for both large and small investors. I'm in the middle somewhere with a mid 5 figure sum on CP. I do manage to keep the funds almost fully invested, but it does take some work. I'm still able to add funds occasionally as circumstances dictate. I'll be leaving things to autoinvest this morning as I've currently got less than £500 available while I'm waiting for an ISA transfer in to arrive.
They adjust the maximum pledge size on a loan by loan basis depending on the size. I don't think there's much else CP can do until the lending volume picks up. There are 3 loans over £1m in the immediate pipeline, so that should allow larger investors to get funds deployed. They do publish what the maximum pledge for each loan is, so larger investors can decide whether a particular loan will be worth their time in advance.
The loan volumes don't seem to be rising as fast as CP expected. They're only slightly higher than last year. Perhaps manpower has been temporarily distracted by setting up their new Australian business.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on May 12, 2021 7:53:11 GMT
I think the current situation is frustrating for both large and small investors. I'm in the middle somewhere with a mid 5 figure sum on CP. I do manage to keep the funds almost fully invested, but it does take some work. I'm still able to add funds occasionally as circumstances dictate. I'll be leaving things to autoinvest this morning as I've currently got less than £500 available while I'm waiting for an ISA transfer in to arrive. They adjust the maximum pledge size on a loan by loan basis depending on the size. I don't think there's much else CP can do until the lending volume picks up. There are 3 loans over £1m in the immediate pipeline, so that should allow larger investors to get funds deployed. They do publish what the maximum pledge for each loan is, so larger investors can decide whether a particular loan will be worth their time in advance. The loan volumes don't seem to be rising as fast as CP expected. They're only slightly higher than last year. Perhaps manpower has been temporarily distracted by setting up their new Australian business. Agreed Ace, i cannot see a better way at present. (don't suppose investing in the Au platform is possible from uk )?
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ilmoro
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Post by ilmoro on May 12, 2021 7:58:08 GMT
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Ace
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Post by Ace on May 12, 2021 9:23:56 GMT
I got very strange allocations across two accounts today. 3.13% in my account, and 1.44% (a flat £50) in a friend's account. I've not seen this inequality before.
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