wuzimu
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Post by wuzimu on Dec 8, 2021 23:26:55 GMT
From AC marketing you'd think that every AC lender is extremely chuffed at the performance of the loans.
The party had gone on long enough for the numbers to be clear, so can any AC lenders share what their average % return is?
NB. My AC dashboard says over 12% return and that is rubbish. My loanbook is solely £900 in defaults and AC tell me my average yield is going up nicely as the months roll by....
I think my real net yield from 5 years is ~ 6% mainly from the earlier years.
I'm wondering if some or all lenders are making reasonable returns now..
Regards
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Post by Ace on Dec 8, 2021 23:55:07 GMT
My combined XIRR from my standard and ISA accounts is currently 9.65% (as measured by me. Including all bonuses).
If I discount my troublesome loans to the current Capital Valuation supplied by AC my combined XIRR would reduce to 7.26%.
AC display my Average Interest Rate as 10.02% (I haven't bothered to research exactly what this means, or how it's measured).
I've been with AC since March 2018. I steadily increased my holdings there throughout 2018 until covid hit. I've been reducing my holdings when repayments come in since the start of 2021. I'm now at roughly 30% of my peak holdings. I haven't bought in to any of the new loans as I don't consider them to be competitive, and there's very little scope to gain extra profits through trading now.
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rscal
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Post by rscal on Dec 9, 2021 11:29:00 GMT
I just turned my accrued interest back on temporarily (I have hidden it for over a year for... 'obvious' reasons) to have a peek for you (it's back 'off' now)
It tells me I have received just over 78% of cumulative interest since mid 2018 when I joined. [HTH]
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Post by df on Dec 9, 2021 13:14:30 GMT
From AC marketing you'd think that every AC lender is extremely chuffed at the performance of the loans. The party had gone on long enough for the numbers to be clear, so can any AC lenders share what their average % return is? NB. My AC dashboard says over 12% return and that is rubbish. My loanbook is solely £900 in defaults and AC tell me my average yield is going up nicely as the months roll by.... I think my real net yield from 5 years is ~ 6% mainly from the earlier years. I'm wondering if some or all lenders are making reasonable returns now.. Regards My AC dashboard is displaying 6.44%. 81% of my investment is in MLA, 7.5% in GBBA/Green and 11.5%. In my understanding this is the average figure for the displayed interest on all loans (incl. defaults that don't pay any interest). So 12% suggest to me that you are mostly in default loans. I only have 10 (out of 212) loans in MLA that are above 9% and all of them are defaults. My own rough calculation suggests that my interest received in the past 6 months is equivalent to 6.4%pa.
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ukinvestor
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Post by ukinvestor on Dec 9, 2021 17:46:20 GMT
My dashboard says 6.3%, but according to my calculation it has between 3% and 5% over the years. Never hit the 7% some accounts were supposed to deliver.
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trium
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Post by trium on Dec 9, 2021 19:34:16 GMT
It's a bit difficult to arrive at a credible figure. Like many others, I have some in MLA and some in AA. My overall rate will depend upon how much I have in each.
I assume you are interested in MLA. Unfortunately, this figure is not readily available. It's possible to track MLA separately but it's not easy.
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Post by Ace on Dec 9, 2021 20:58:56 GMT
It's a bit difficult to arrive at a credible figure. Like many others, I have some in MLA and some in AA. My overall rate will depend upon how much I have in each. I assume you are interested in MLA. Unfortunately, this figure is not readily available. It's possible to track MLA separately but it's not easy. It's fairly simple to calculate XIRRs once you get the hang of it, as long as you know all the deposit and withdrawal dates and amounts into and out of the platform. There are many helpful guides. Here's one: p2pindependentforum.com/post/108511/thread
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trium
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Post by trium on Dec 10, 2021 2:10:34 GMT
It's a bit difficult to arrive at a credible figure. Like many others, I have some in MLA and some in AA. My overall rate will depend upon how much I have in each. I assume you are interested in MLA. Unfortunately, this figure is not readily available. It's possible to track MLA separately but it's not easy. It's fairly simple to calculate XIRRs once you get the hang of it, as long as you know all the deposit and withdrawal dates and amounts into and out of the platform. There are many helpful guides. Here's one: p2pindependentforum.com/post/108511/threadYes, I am able to calculate XIRRs, but to isolate cash flows in and out of two MLAs while excluding the AAs is quite a laborious excercise - for me at least.
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Post by Ace on Dec 10, 2021 8:48:52 GMT
It's fairly simple to calculate XIRRs once you get the hang of it, as long as you know all the deposit and withdrawal dates and amounts into and out of the platform. There are many helpful guides. Here's one: p2pindependentforum.com/post/108511/threadYes, I am able to calculate XIRRs, but to isolate cash flows in and out of two MLAs while excluding the AAs is quite a laborious excercise - for me at least. I haven't isolated MLA transactions either, so my figures above include MLA, AAs, GBBA2 and PSA. The majority of my investments have always been in the MLA, so the others won't have had a major drag. I'm down to under a £1 in non-MLA accounts now.
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mogish
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Post by mogish on Dec 11, 2021 15:01:12 GMT
Tbh i cant be bothered working it out. Not lost money(yet) but the return is way less than advertised prob due to the defaults in Gbba 1 and 2. These seem to be taking ages to resolve .
Once Zopa cash is back I only have Ac, Lw UB and LP left. Will celebrate the day when I can finally close both AC and Lw, the last 2 years have been a waste of time.
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adrianc
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Post by adrianc on Dec 12, 2021 10:00:32 GMT
If I don't get one more penny out of AC, my annualised return will be 6.5%.
If I get every single penny of my full nominal remaining balance back (ha!), then 7.7%.
I've now taken more out than I paid in, by a margin of about 17%. Money withdrawn exceeded money paid in back in the summer of 2019, so all the drip-feeding since then has just been positive return.
(And that's from my spreadsheet, not the AC dashboard)
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ceejay
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Post by ceejay on Dec 15, 2021 14:17:32 GMT
My spreadsheet gives me an XIRR of 5.8% on my main account - that's a mix of AAs and MLA. That's including an estimated return for a couple of dodgy MLA loans but TBH any error on that would have miniscule effect on the XIRR. I'm happy enough with that.
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Post by madmitch on Dec 15, 2021 16:16:58 GMT
Tbh i cant be bothered working it out. Not lost money(yet) but the return is way less than advertised prob due to the defaults in Gbba 1 and 2. These seem to be taking ages to resolve . Once Zopa cash is back I only have Ac, Lw UB and LP left. Will celebrate the day when I can finally close both AC and Lw, the last 2 years have been a waste of time. The xmas fairy godmother has just granted your LW wish!........
........with caveats, of course.
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