The Bondora Forum Closes Today.

Bondora really seems to walk down the wrong path. The only thing I like about them, is that they are transparent with their daily updated data files. That is great to build my own credit models.

Are there any other P2P-lending sites with daily loan data that can be invested in from Europe?

Just wanna say you that I'm here now too.
I often read in Ablrate forum but now when bondora's forum got lost... we will see.

The promised blog post here. Sorry for it being so long and detailed, but I find it hard to publish posts without clear argumentation and process descriptions like Bondora, that almost no-one can test or replicate without doing a lot of guess work and mind reading.

I've included key takeaways and some examples of XIRR vs Expected Return in different scenarios (with downloadable excel).

rahafoorum.ee/en/bondora-rating-has-outperformed-expectations/

The official channel of communications with Bondora seems to have gone down the censorship path, since after my first comment there suddenly appeared moderation requirement for all comments and my last one is stuck since 4 PM yesterday, while there have been at least 1 newer one published with a reply after that.

The comment is a relatively short conclusion of my blog post, with the parts in quotation marks being part of Pärtel's previous comments:
“Actual net return is based on actual data combined with a projection for future cash flow and expected return is entirely based on a projection and assumptions for the cash flow curve.”

As stated in the blog post above as well, net return (Bondora’s XIRR calculation) does not make any meaningful projections for future cash flow. Only assumes that everything that’s scheduled for future, can still be expected to be paid.

Expected Return (target) however makes those assumptions for future payments and shows the expected end result.

Yet, this post is comparing these two figures as if they were directly comparable.

“The article above does not make any statements about accuracy of the predictions. The article discusses what Bondora Rating (credit risk scoring and pricing model collectively) has achieved in a year by increasing the net returns across all markets and delivering strong positive returns, above expectations in many cases.”

It may not say anything about the accuracy, but in the claims such as “delivering strong positive returns, above expectations” and “Bondora Rating has outperformed expectations: 98% of the portfolio above target return”, you say that return is higher than was expected. Hinting that Bondora Rating has done a good job in almost all of the cases, because if losses were higher than expected, then return obviously can’t be higher.

Judging by the blog post, it seems that this “outperforming” is a comparison to Expected Return. However, you’re comparing two totally different numbers using separate calculation logic and where Bondora’s XIRR will essentially always exceed (or “outperform” as put here) Bondora Rating irregardless of the actual situation on such fresh loans as 2015.

Can you please answer, how can these claims highlighted above be made based on this XIRR and Expected Return comparison?

Quote from Partel's reply

Meaning he doesn't want you to continue and has the ability to censor his blog.

This forum came about because another P2P platform censored it's own forum and closed the previous independent forum by taking it over.

Frigging Crispfingers

The platform which hosts our forum also hosts many other forums, and won't be for sale, except possibly to another forum hosting entity. Fishy Crabpaste wouldn't be in that category.
(Anyone looked at their "forum" recently? I do miss the lovely Becky . Incidentally she registered here initially, but I suspect that she was ordered off by Fat Controllers).