Greenwood2
Member of DD Central
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Post by Greenwood2 on Jul 28, 2022 18:55:19 GMT
Makes you wonder if it has been right in the past.
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andy8
New Member
Posts: 4
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Post by andy8 on Jul 31, 2022 12:09:27 GMT
How long has Unbolted been around offering this investment. Im new to this and im interested to know more.
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archie
Posts: 1,838
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Post by archie on Jul 31, 2022 12:20:15 GMT
How long has Unbolted been around offering this investment. Im new to this and im interested to know more. It appears to be since 2014.
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Post by overthehill on Jul 31, 2022 12:20:34 GMT
How long has Unbolted been around offering this investment. Im new to this and im interested to know more.
First thread was Mar 2015 so around that time probably. Have a look at their board.
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Post by Ace on Jul 31, 2022 12:27:01 GMT
How long has Unbolted been around offering this investment. Im new to this and im interested to know more. Unbolted have been around since late 2014. They've been FCA authorised since mid 2017. I've been with them since March 2018. My combined XIRR across my 2 accounts with them is currently 9.29%. I've had no losses with them yet.
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andy8
New Member
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Post by andy8 on Aug 21, 2022 20:49:43 GMT
Is that percentage rate per year. Thanks
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Post by Ace on Aug 21, 2022 22:44:04 GMT
Is that percentage rate per year. Thanks Yes. An XIRR is an annualised return figure.
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Post by df on Aug 22, 2022 20:54:02 GMT
How long has Unbolted been around offering this investment. Im new to this and im interested to know more. Unbolted have been around since late 2014. They've been FCA authorised since mid 2017. I've been with them since March 2018. My combined XIRR across my 2 accounts with them is currently 9.29%. I've had no losses with them yet. My XIRR is 8.52%, been with UB since Dec 2016. My cash balance is now stable for over a month. Last time I've made transaction was 18th July. I think if not the occasional large loans interference I would probably not made any transactions in the past few years. Don't know how it will pan out in future, but so far 8.52% for very limited work and headache looks like a good ratio. I hope UB won't join the fate of most older platforms. I've just had a look at my XIRR folder (thank you for your help to set it up!!!) and it looks like the only platforms I've joined at around that time that are still active are just UB, AC and Rebs.
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Post by Ace on Aug 22, 2022 21:15:12 GMT
Unbolted have been around since late 2014. They've been FCA authorised since mid 2017. I've been with them since March 2018. My combined XIRR across my 2 accounts with them is currently 9.29%. I've had no losses with them yet. My XIRR is 8.52%, been with UB since Dec 2016. My cash balance is now stable for over a month. Last time I've made transaction was 18th July. I think if not the occasional large loans interference I would probably not made any transactions in the past few years. Don't know how it will pan out in future, but so far 8.52% for very limited work and headache looks like a good ratio. I hope UB won't join the fate of most older platforms. I've just had a look at my XIRR folder (thank you for your help to set it up!!!) and it looks like the only platforms I've joined at around that time that are still active are just UB, AC and Rebs. My XIRR of 9.29% included some referral bonuses. Without those the XIRR is 8.91%. I set up a new account for someone about 7 weeks ago with a £5k deposit. It's already 82% invested (I.e. £4,100 invested). I suspect that the often recommended policy of adding funds slowly to avoid cash drag (including by me) may not be the best policy. I think the allocation algorithm favours accounts with large cash balances.
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Post by df on Aug 22, 2022 21:45:44 GMT
My XIRR is 8.52%, been with UB since Dec 2016. My cash balance is now stable for over a month. Last time I've made transaction was 18th July. I think if not the occasional large loans interference I would probably not made any transactions in the past few years. Don't know how it will pan out in future, but so far 8.52% for very limited work and headache looks like a good ratio. I hope UB won't join the fate of most older platforms. I've just had a look at my XIRR folder (thank you for your help to set it up!!!) and it looks like the only platforms I've joined at around that time that are still active are just UB, AC and Rebs. My XIRR of 9.29% included some referral bonuses. Without those the XIRR is 8.91%. I set up a new account for someone about 7 weeks ago with a £5k deposit. It's already 82% invested (I.e. £4,100 invested). I suspect that the often recommended policy of adding funds slowly to avoid cash drag (including by me) may not be the best policy. I think the allocation algorithm favours accounts with large cash balances. Yes, I've started slowly, but should this affect XIRR calculation? My cash drag was always little, this should be positive for XIRR. I didn't have any bonuses and also I have some none-performing funds for some years that you avoided by joining a bit later. If this borrower has repaid instead of starting this court case saga I would probably be at around 9% too.
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Post by Ace on Aug 22, 2022 21:56:14 GMT
My XIRR of 9.29% included some referral bonuses. Without those the XIRR is 8.91%. I set up a new account for someone about 7 weeks ago with a £5k deposit. It's already 82% invested (I.e. £4,100 invested). I suspect that the often recommended policy of adding funds slowly to avoid cash drag (including by me) may not be the best policy. I think the allocation algorithm favours accounts with large cash balances. Yes, I've started slowly, but should this affect XIRR calculation? My cash drag was always little, this should be positive for XIRR. I didn't have any bonuses and also I have some none-performing funds for some years that you avoided by joining a bit later. If this borrower has repaid instead of starting this court case saga I would probably be at around 9% too. No, starting slowly shouldn't affect the XIRR per se. The proportion of invested funds to uninvested funds is what matters. However, the fact that rates were higher in the earlier days of your investment will mean that starting slowly will have had a negative affect on your XIRR. I also have lent funds to the vexatious litigant.
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Post by Ace on Aug 22, 2022 22:16:53 GMT
Similarly to you df, UB is one of only two platforms of the first ten that I tried that I'm still happy to lend through. UB was my seventh platform. Of the next ten I tried, there are only three that I'm still happy to lend through. Of the last 17 I've tried so far, there are only three that I'm no longer using, and one of those is ConnectiveLending where I would have happily lent more if it hadn't closed. I wonder if I've got better at choosing platforms or whether it's just a matter of time.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 22, 2022 22:29:55 GMT
My XIRR is 8.52%, been with UB since Dec 2016. My cash balance is now stable for over a month. Last time I've made transaction was 18th July. I think if not the occasional large loans interference I would probably not made any transactions in the past few years. Don't know how it will pan out in future, but so far 8.52% for very limited work and headache looks like a good ratio. I hope UB won't join the fate of most older platforms. I've just had a look at my XIRR folder (thank you for your help to set it up!!!) and it looks like the only platforms I've joined at around that time that are still active are just UB, AC and Rebs. My XIRR of 9.29% included some referral bonuses. Without those the XIRR is 8.91%. I set up a new account for someone about 7 weeks ago with a £5k deposit. It's already 82% invested (I.e. £4,100 invested). I suspect that the often recommended policy of adding funds slowly to avoid cash drag (including by me) may not be the best policy. I think the allocation algorithm favours accounts with large cash balances. Dont think so. All my money was drip fed in in small chunks over 6 months and was always lent out quickly. I never have a large cash balance, minimal cash drag. I do think that there is some form of priority given to existing lenders in loans being renewed. XIRR is 9.1% (no bonuses), (though the number of default/late loans seems to be creeping up - avoided the litigant though) Joined when it launched but didnt actually lend until 2020 ... AC & LLI are the only platforms left from the early days )if you dont count PP/PM equity)
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starfished
Member of DD Central
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Post by starfished on Sept 28, 2022 22:59:16 GMT
Not sure of tied to the above issue or not but do others find that their total cash available is reconciling to their expectations? For example comparing the total available at a portfolio level against the individual loan data?
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Post by redpete on Sept 29, 2022 15:10:29 GMT
The available cash that UB reports does tie up with what I expect it to be.
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