Post by Ace on May 11, 2022 16:51:06 GMT
I decided to rundown my CP Standard account and thought it would be interesting to document how it went here. I'll update the table around the first of each month to show how it's going.
The rundown is not due to dissatisfaction with CP, though it has lost some of its previous shine IMO. Reducing my standard account to £0 would still leave CP as my second largest platform. The main reason is to move non-ISA funds to ISA accounts, so some of it might well end up in my CP ISA. A secondary reason was to see how the XIRR rises as the account runs down. I'm a bit surprised that the current XIRR for this account, which was started in Sep 2020, is only 2.62%. I haven't suffered from high cash drag on this account, so I'm expecting the final XIRR to end up somewhere near 7.5%. My much larger ISA account, that was started in Jan 2019, is currently returning 4.77%. All figures exclude accrued interest. I'm fairly sure that the reason for the currently low XIRRs in both accounts is due to the unpaid accrued interest, but the only way to be sure is to run an account down and see where the XIRR ends up.
Total profit to date = £1,012.39
The rundown is not due to dissatisfaction with CP, though it has lost some of its previous shine IMO. Reducing my standard account to £0 would still leave CP as my second largest platform. The main reason is to move non-ISA funds to ISA accounts, so some of it might well end up in my CP ISA. A secondary reason was to see how the XIRR rises as the account runs down. I'm a bit surprised that the current XIRR for this account, which was started in Sep 2020, is only 2.62%. I haven't suffered from high cash drag on this account, so I'm expecting the final XIRR to end up somewhere near 7.5%. My much larger ISA account, that was started in Jan 2019, is currently returning 4.77%. All figures exclude accrued interest. I'm fairly sure that the reason for the currently low XIRRs in both accounts is due to the unpaid accrued interest, but the only way to be sure is to run an account down and see where the XIRR ends up.
Date | XIRR | Outstanding capital | # Loans outstanding | # Late loans | £ in late loans |
1/5/2022 | 2.62% | £9,932.53 | 58 | 7 | £2,596.99 |
1/6/2022 | 2.48% | £9,721.17 | 54 | 8 | £2,916.79 |
1/7/2022 | 2.79% | £9,166.17 | 51 | 8 | £2,690.33 |
1/8/2022 | 2.78% | £8,925.26 | 49 | 10 | £2,923.54 |
1/9/2022 | 2.73% | £8,821.22 | 48 | 11 | £3,043.18 |
1/10/2022 | 2.71% | £8,702.59 | 48 | 15 | £3,873.75 |
1/11/2022 | 2.90% | £8,095.42 | 46 | 17 | £3,608.99 |
1/12/2022 | 4.11% | £6,548.22 | 43 | 19 | £2,483.55 |
1/1/2023 | 4.20% | £6,296.35 | 40 | 21 | £3,763.54 |
1/2/2023 | 4.46% | £5,966.16 | 37 | 22 | £4,455.86 |
1/3/2023 | 4.62% | £4,984.28 | 32 | 18 | £3,715.65 |
1/4/2023 | 4.64% | £4,795.09 | 31 | 18 | £3,796.33 |
1/5/2023 | 4.64% | £4,411.92 | 26 | 16 | £3,577.61 |
1/6/2023 | 4.61% | £4,249.37 | 24 | 16 | £3,624.51 |
1/7/2023 | 4.60% | £4,136.27 | 23 | 17 | £3,674.66 |
1/8/2023 | 4.53% | £4,119.57 | 23 | 18 | £3,707.96 |
1/9/2023 | 4.56% | £3,967.24 | 20 | 16 | £3,559.59 |
1/10/2023 | 4.57% | £3,799.79 | 18 | 16 | £3,505.88 |
1/11/2023 | 4.59% | £3,799.79 | 18 | 16 | £3,505.88 |
1/12/2023 | 4.55% | £3,774.04 | 18 | 17 | £3,667.00 |
1/1/2024 | 4.49% | £3,774.04 | 18 | 17 | £3,667.00 |
1/2/2024 | 4.47% | £3,742.80 | 17 | 16 | £3,635.76 |
1/3/2024 | 4.44% | £3,715.15 | 16 | 16 | £3,715.15 |
Total profit to date = £1,012.39