JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323 
Likes: 897
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Post by JamesFrance on Mar 23, 2014 7:19:58 GMT
With a profile set at 21% you will only get into the very largest Estonian A1000 loans. You would need to go a lot lower for the smaller ones and the smallest are filled by 10% and below profiles now, Unfortunately there are people bidding large amounts with very low offers. For other countries 21% will be low enough to participate in most loans as they are not so much in demand, presumably because the platform has not had time to show whether they can collect on defaults outside Estonia where they claim an 86% recovery rate.
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spyrogyra
Member of DD Central
Posts: 386
Likes: 148
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Post by spyrogyra on Mar 23, 2014 13:33:10 GMT
I had my money already invested. Initially, it was mainly 28-33% AB1000 & A900. I also bought some 20-25% and to boost the overall % of return I started flipping all of them at 4% premium. I had a good run until recently when I noticed that the speed of the sales was not as great as it was some months ago and the amount of money in my holding account gradually grew from 30-40 euros to almost 300. This is what made me start this post.As a whole, I haven't invested much as I thought that loans to people in a country like Estonia is quite a risky business, but with the time it looks like my confidence in Isepankur is growing, especially when I read your posts, guys, thank you very much. The latest statistics provided by the platform is encouraging too. I don't know whether it would be wise to try the Finnish market (again!) after the initial bad start but taking on board Isepankur's statement that they have improved the vetting of the Finnish borrowers, I am quite tempted. When they've started the Finnish market, I thought that it will provide safer investments, just to be proved wrong again ! It looks like my logic is not in line with reality and that is quite puzzling.
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duck
Member of DD Central
Posts: 2,864
Likes: 6,898
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Post by duck on Mar 23, 2014 17:35:36 GMT
I'm certainly not keen to jump back into the Finnish market, I picked up 11 defaults (8 of which made no payments) representing 41% of my defaults (45% in cash terms) from less than 8% of my loans at that time.
I have to say I found last week a little slow for decent new loans but I did manage to unload a decent number of loans that had 'issues'.
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james
Posts: 2,205
Likes: 955
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Post by james on Mar 23, 2014 21:47:51 GMT
Here are my estimates for the percentage of loans in some Estonian A1000 markets that you will participate in at 21%:
12 months: 0%
18 months: approximately 0%, might see one every few months
24 months: less than 5%
36 months: less than 5%
48 months: less than 5%
60 months: between 45% and 50%
Since you don't have much money left to invest it's probably OK for you to use 21% if you're content to see mostly 60 month loans.
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