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Post by GSV3MIaC on Feb 14, 2016 17:05:14 GMT
My GY is 17.6%, and still nowhere near my quoted AR, although the latter is the Funny Calculations version which ignores idle cash .. if you use IRR on what is actually tied up then I guess GY is now ahead.
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SteveT
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Post by SteveT on Feb 14, 2016 20:20:49 GMT
My GY is 17.6%, and still nowhere near my quoted AR, although the latter is the Funny Calculations version which ignores idle cash .. if you use IRR on what is actually tied up then I guess GY is now ahead. Addict to those Es then I see!
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Post by GSV3MIaC on Feb 15, 2016 16:30:57 GMT
Yep, although the odd (small, 60 month) D still gets a look in. Nothing else has an appropriate risk/reward balance .. well property loans with CB might do, if there were any, and if I trusted Finally Certified any further than I could throw them to not finagle the autobid SM when it suits them.
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Post by carpecyprinidae on Feb 15, 2016 21:12:49 GMT
Something has gone wrong. My autobid settings are set to only bid at 8% or more on A+ but Autobid has bid at 6% for me on 20025 working capital loan.
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Post by GSV3MIaC on Feb 15, 2016 22:26:41 GMT
Autobid will buy all A+ loans, at 6% thru 8.3%, if you allow it to buy at all. This is a known (IMO) defect .. read the words on autobid, and then wise up and turn it off.
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SteveT
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Post by SteveT on Feb 15, 2016 23:02:18 GMT
The Autobid rate settings you define will only apply to any SM purchases. If your Autobid is switched on then you're giving Foolish Consent for the system to buy every new loan at the fixed rates, even the A+ 12 month 6% loans that no-one else would touch.
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fasty
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Post by fasty on Feb 15, 2016 23:32:48 GMT
The Autobid rate settings you define will only apply to any SM purchases. If your Autobid is switched on then you're giving Foolish Consent for the system to buy every new loan at the fixed rates, even the A+ 12 month 6% loans that no-one else would touch. That's Flippin' Crafty, innit? I'd forgotten just how annoying autobid can be.
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blender
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Post by blender on Feb 16, 2016 0:23:33 GMT
Yes, easy to forget - especially for the goldfish amongst us.
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oldgrumpy
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Post by oldgrumpy on Jun 8, 2016 10:48:21 GMT
I haven't been paying much attention to Feeling Crushed lately, though I did make comment a while back as to how most of the loans are now rated A+ (with a correspondingly low rate, from which FC still take their 1% lender fee), rather than a range from A+ to E, with the bulk being B and C.
On visiting today to monitor my withdrawal progress, I note that now, rather than just reserving A+ for solid experienced properly established productive companies with maximum credit trustworthiness, we have an unsecured A+ loan required for a "hand car wash" business, turnover c£200K pa, ""We are a car wash company. We need the loan to make some repairs and grow the company."
FC are acting like idiots with this kind of offering, IMHO. Eighteen words (fifteen of which are monosyllabic) is all we get from the prospective borrower on which to assess the merits of his business prospects. It's not his fault if that is all FC have decided is needed to attract lenders' money at 8.3% minus the lender fee, unsecured. It puts AC's 7% accounts on secured loans with provision fund backup into perspective.
I await my third email from Feeling Cancelled asking why I am still withdrawing funds.
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SteveT
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Post by SteveT on Jul 19, 2016 12:46:20 GMT
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kt
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Post by kt on Jul 19, 2016 13:14:15 GMT
It does make the cupboard look bare.
Will this have an impact on borrow flow?
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r00lish67
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Post by r00lish67 on Jul 19, 2016 15:27:34 GMT
I just threw a few bids on a tiddler 'D' that popped up (24175), at 16:22. Now as of 16:25, loan parts nestling in my account, I like it! Now if only there were any loans I'd actually like to keep long term....
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oldgrumpy
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Post by oldgrumpy on Feb 2, 2017 16:58:43 GMT
Didn't want to start a new thread so I'll put it here. A property update & thank you | Your weekly lending review Dear Miserygrumps,
Thank you for taking part in our survey last week. (My bold) We're reviewing the information we send you each month and you'll start to see some exciting improvements soon. No I didn't.  |
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r00lish67
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Post by r00lish67 on Feb 7, 2017 13:42:02 GMT
Just glancing through the latest loans on the loanbook, it looks like we've had vanishingly few E rated loans dispensed onto the marketplace recently. In fact, of the last 85 E's (roughly since the higher rates started), only 17 by my count of those went to the partial marketplace with the rest being whole loans. As far as I understand it, loans are allocated at random to be either Whole or Partial loans, and over the long run one would expect there to be more partials given that we have the concept of WL rejects coming onto the PL marketplace and not vice versa. Granted this is far from the long run, but 17/85 i.e. only 20% of E's are PL's at the moment, seems a tad unbalanced, no? @gsv3miac, flagging you as you tend to know the answer to such things  Edit: It looks like the all-time PL/WL split for E rated risk loans is approximately 37% PL / 63% WL (183/314). Still not particularly balanced, so I'm wondering if my 'random' assumption just isn't correct? |
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SteveT
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Post by SteveT on Feb 7, 2017 13:51:02 GMT
Allocation of individual loans between WL and PL is random, but the odds of each outcome are not the same and are controlled by FC (it looks like they must currently be set at around 80% WL / 20% PL). Think of it like flipping a 10-sided coin where 8 sides say WL and only 2 sides say PL.
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