JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323 
Likes: 897
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Post by JamesFrance on Oct 31, 2015 9:16:44 GMT
Your main dashboard page at Bondora has a Net Profit figure shown in the largest lettering.
You can increase this very easily.
All you need to do is head over to the secondary market and buy some loans which have already defaulted at a discount. There is no need to wait to see if there is any recovery before you see an increase in your Net Profit.
This is not a recommendation!
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Post by coolrunning on Oct 31, 2015 10:14:39 GMT
Your main dashboard page at Bondora has a Net Profit figure shown in the largest lettering. You can increase this very easily. All you need to do is head over to the secondary market and buy some loans which have already defaulted at a discount. There is no need to wait to see if there is any recovery before you see an increase in your Net Profit. This is not a recommendation! For the origins of this post, see my post from yesterday in: link at www.bondora.ee/forum/default.aspx?g=posts&t=7580 
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on Oct 31, 2015 10:45:09 GMT
The origins of this go back to the comments I made on the Bondora blog here: www.bondora.com/blog/gross-profits-earned-by-investors-on-bondora/However your post nicely confirms my belief that Bondora's profit calculations are highly misleading. They have made it even worse by changing their claimed Gross Profit to Net Profit, using the same method of calculation which only acknowledges the amount defaulters should have paid before default and ignores the amount of money which will not be repaid unless their collection process actually recovers the debt. |
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Post by kissmyjazz on Nov 1, 2015 7:42:47 GMT
Bondora should start selling pet unicorns.
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Post by xyon100 on Nov 3, 2015 14:27:59 GMT
I'm selling up, and even that is not simple!
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