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Post by coolrunning on Jan 9, 2023 15:02:40 GMT
Do we believe that Bondora is of no interest anymore?
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toffeeboy
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Post by toffeeboy on Jan 9, 2023 18:25:45 GMT
Do we believe that Bondora is of no interest anymore? There's nothing to say about it now it is Go and Grow, you just put your money with them and leave it to grow. I am gradually regaining some of the money I lost prior to go and Grow and might eventually break even.
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Post by rahafoorum on Jan 10, 2023 8:35:23 GMT
Do we believe that Bondora is of no interest anymore? Kind of depends on what your interest is. For investing, it hasn't been very interesting for quite a few years already.
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parisingoc
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Post by parisingoc on Jan 29, 2023 16:47:45 GMT
Do we believe that Bondora is of no interest anymore? If, like me, you have a degree of masochism, then it is still interesting, in the same way that sticking pins in your own eyes is interesting  , but I stick with it because I remember when it was actually really interesting, when loan requests were accompanied by a borrower-written reason for the loan, when Partel replied just because you had registered(!), when the blurb around the site seemed was about what peer-to-peer could be like, when it felt like we were all having a grand adventure, when we were all younger . . . Now? It's hard work. The performance on the site is appalling (I used to work in I.T., at a 99.999 organisation where the customer experience was on our lips every day and we were acutely aware of how bad we really were and we agonised about it and spent long hours trying to get better, and failed a lot, but one year had 000's of visitors who came to see us trying!), the information provided about most loans is arguably fraudulent, the company name tag line is pure irony and, finally, the return on their main product is now close to being beaten by High Street banks here in the UK, particularly if you remember the security guarantee from those same organisations. But still I plough through my cash flow screen every day (except when I have to walk away due to the shockingly bad/none existent response times) and I re-invest all my returns, mainly becuase I have repatriated my "play money" and am now just sloshing profits around and therefore treat it as free money to be played with at no cost to me except my time, which is plentiful in winter as it's cold outside . . . . Now most of my lending is over a longer than 8 year loan period and an average of 2.5% return every month, I am contemplating just letting it wind down and repatriating the cash as I feel like it. How will I fill the hours?
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toffeeboy
Member of DD Central
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Post by toffeeboy on Jan 30, 2023 11:53:59 GMT
Do we believe that Bondora is of no interest anymore? If, like me, you have a degree of masochism, then it is still interesting, in the same way that sticking pins in your own eyes is interesting , but I stick with it because I remember when it was actually really interesting, when loan requests were accompanied by a borrower-written reason for the loan, when Partel replied just because you had registered(!), when the blurb around the site seemed was about what peer-to-peer could be like, when it felt like we were all having a grand adventure, when we were all younger . . . Now? It's hard work. The performance on the site is appalling (I used to work in I.T., at a 99.999 organisation where the customer experience was on our lips every day and we were acutely aware of how bad we really were and we agonised about it and spent long hours trying to get better, and failed a lot, but one year had 000's of visitors who came to see us trying!), the information provided about most loans is arguably fraudulent, the company name tag line is pure irony and, finally, the return on their main product is now close to being beaten by High Street banks here in the UK, particularly if you remember the security guarantee from those same organisations. But still I plough through my cash flow screen every day (except when I have to walk away due to the shockingly bad/none existent response times) and I re-invest all my returns, mainly becuase I have repatriated my "play money" and am now just sloshing profits around and therefore treat it as free money to be played with at no cost to me except my time, which is plentiful in winter as it's cold outside . . . . Now most of my lending is over a longer than 8 year loan period and an average of 2.5% return every month, I am contemplating just letting it wind down and repatriating the cash as I feel like it. How will I fill the hours? You're going to have to find something to fill the hours as they are closing manual investment. Everything will have to go through their go and grow so you will have no control over anything.
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Post by coolrunning on Apr 8, 2024 18:46:05 GMT
I havent logged on for 10 months. I just wanted to see if it had died. It was fun (and profitable) while it lasted.
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Post by rahafoorum on Apr 16, 2024 6:54:03 GMT
I havent logged on for 10 months. I just wanted to see if it had died. It was fun (and profitable) while it lasted. If you still have investments there, make sure you turn off Go & Grow. When you logged in, they automatically created a G&G account for you and will move every repayment into it as they arrive on your account.
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duck
Member of DD Central
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Post by duck on Apr 26, 2024 14:57:56 GMT
I havent logged on for 10 months. I just wanted to see if it had died. It was fun (and profitable) while it lasted. If you still have investments there, make sure you turn off Go & Grow. When you logged in, they automatically created a G&G account for you and will move every repayment into it as they arrive on your account. Indeed as I found out a few months ago! I've been withdrawing for 9 years now, small amounts ever 2 or 3 months and then when I went to withdraw I found my cash had been moved into Go & Grow  Oh well I made a good profit in IsaPankur/Bondora in the early days so I don't mind another decade of withdrawals ........ as long as I last that long!
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toffeeboy
Member of DD Central
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Post by toffeeboy on Apr 30, 2024 10:59:44 GMT
Go and grow has just got me back up to my original investment amount after losing over 30% of it on the previous model.
It has been returning the highest stated interest amount for me for a while now so they seem to have sorted themselves out now.
6.75% is far from the worst rate out there but with the level of risk I am not putting any more in, can understand new investors who weren't burnt by the previous incarnation being happy with that return.
As with Duck my other investments that aren't in go and grow are going to be repaying the odd cent for the next few decades.
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Post by rahafoorum on Apr 30, 2024 17:52:29 GMT
Go and grow has just got me back up to my original investment amount after losing over 30% of it on the previous model. It has been returning the highest stated interest amount for me for a while now so they seem to have sorted themselves out now. 6.75% is far from the worst rate out there but with the level of risk I am not putting any more in, can understand new investors who weren't burnt by the previous incarnation being happy with that return. As with Duck my other investments that aren't in go and grow are going to be repaying the odd cent for the next few decades. Bondora seems to have removed the annualized return over time graph where you can see the continuing decline of that figure and at some point they also stopped publishing the return updates in the blog. But I do recommend checking out the average return on the entire portfolio on their own statistics page. While simultaneously keeping in mind that vast majority of investments have been going to Go&Grow for a while already AND their calculation is optimistic in a way that losses are accounted for in that return after a very long delay*. Then compare that number there with the 6,75% you've received and try to perhaps come to some conclusions...or not.
Or take a look at the cumulative cash on cash returns graph on the same page (scroll down a bit) to see how many monthly originations have actually been profitable to date for the last ~8 years. And try to find that 6,75% cumulative return from there.
*If a 4 year loan defaults without making any payments, it takes roughly 31 months until Bondora's calculation considers 50% of it as in default.
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, but I stick with it because I remember when it was actually really interesting, when loan requests were accompanied by a borrower-written reason for the loan, when Partel replied just because you had registered(!), when the blurb around the site seemed was about what peer-to-peer could be like, when it felt like we were all having a grand adventure, when we were all younger . . .
