zedi
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Post by zedi on Mar 30, 2018 11:32:37 GMT
Mine are also far away from the published Bondora-Blog figures. From the loans totalling 360€ outstanding principal which defaulted almost two years ago, I constantly receive 0.5-1.5€/month... Recently I downloaded the full Bondora Loanbook and did some filtering/processing on it and indeed the recovery figures are looking really good but in my portfolio that´s not the case and I am mostly invested in B,C,D loans from estonia.
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Post by coolrunning on Apr 1, 2018 17:01:36 GMT
Mine are also far away from the published Bondora-Blog figures. From the loans totalling 360€ outstanding principal which defaulted almost two years ago, I constantly receive 0.5-1.5€/month... Recently I downloaded the full Bondora Loanbook and did some filtering/processing on it and indeed the recovery figures are looking really good but in my portfolio that´s not the case and I am mostly invested in B,C,D loans from estonia. How do your recoveries breakdown by year? (From the Bondora stats page at the bottom)
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zedi
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Post by zedi on Apr 1, 2018 18:42:10 GMT
Mine are also far away from the published Bondora-Blog figures. From the loans totalling 360€ outstanding principal which defaulted almost two years ago, I constantly receive 0.5-1.5€/month... Recently I downloaded the full Bondora Loanbook and did some filtering/processing on it and indeed the recovery figures are looking really good but in my portfolio that´s not the case and I am mostly invested in B,C,D loans from estonia. How do your recoveries breakdown by year? (From the Bondora stats page at the bottom) Almost all of my defaults originate from a narrow time-frame in june 2016, when I started with investing a lumped sum at Bondora. Later I switched to a more active second market strategy with smaller amounts and also with much less losses. Or did you mean when the money was recovered?
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Post by coolrunning on Apr 2, 2018 8:14:52 GMT
OK so you just have 2 years to report.
Look at the stats page, down the bottom, go to left top of bottom graph (the one in blue) and switch to yearly display.
That is where mine came from.
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zedi
Member of DD Central
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Post by zedi on Apr 2, 2018 12:01:51 GMT
OK so you just have 2 years to report. Look at the stats page, down the bottom, go to left top of bottom graph (the one in blue) and switch to yearly display. That is where mine came from. 2016: 8.3% 2017: 9.6% Do you think these numbers are actually meaningful? I think they are only usefull in the very very longterm after holding your amount invested constant. Otherwise they will be skewed by the dynamics of investing and (delayed) recovery. How practical is such a number at all?
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Post by coolrunning on Apr 2, 2018 19:35:03 GMT
OK so you just have 2 years to report. Look at the stats page, down the bottom, go to left top of bottom graph (the one in blue) and switch to yearly display. That is where mine came from. 2016: 8.3% 2017: 9.6% Do you think these numbers are actually meaningful? I think they are only usefull in the very very longterm after holding your amount invested constant. Otherwise they will be skewed by the dynamics of investing and (delayed) recovery. How practical is such a number at all? Longterm yes, not very longterm. They should grow as years pass. You need to look back 4 years to have a good feel. I must admit I do not know in detail how they are calculated, but holding your amount invested constant should not be a factor. This is what Bondora says: We calculate the recovery rate by comparing actual principal cash flow (net of write-offs) that occurred after the default with principal cash flow that we would have expected from the loan in case it had paid according to the agreed schedule. This measure allows us to determine the expected capital loss on loans that default.
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Post by coolrunning on Apr 13, 2018 12:41:54 GMT
My own stats on March 20 :
Recovery rate
2014 2.5%
2015 4.9%
2016 2.3%
2017 1.0%
on April 13 :
Recovery rate
2014 2.4%
2015 4.8%
2016 2 2%
2017 0.9%
Going down !
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Post by oktaeder on Apr 13, 2018 18:36:21 GMT
My own stats on March 20 : Going down ! I don't understand how recovery can go down. Even if it seems to be very very poor anyway.
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Post by coolrunning on Apr 16, 2018 6:20:57 GMT
My own stats on March 20 : Going down ! I don't understand how recovery can go down. Even if it seems to be very very poor anyway. I can imagine that the calculation does not take proper account of sales of defaulted loans. Does anyone know how Bondora calculates?
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Post by rahafoorum on Apr 16, 2018 8:49:59 GMT
I don't understand how recovery can go down. Even if it seems to be very very poor anyway. I can imagine that the calculation does not take proper account of sales of defaulted loans. Does anyone know how Bondora calculates? Already explained it several posts ago.
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Post by coolrunning on Apr 16, 2018 11:30:27 GMT
I can imagine that the calculation does not take proper account of sales of defaulted loans. Does anyone know how Bondora calculates? Already explained it several posts ago. Do you mean this one: Post by ders on Jul 28, 2016 at 9:56am Do you use FB and can look fellows group? I was discussing a bit about this topic. I was interested in recovery of interest not just recovery of principals. Also good review is there rahafoorum.ee/bondora-taastumismaarad/
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Post by oktaeder on Apr 23, 2018 10:37:43 GMT
I got lots of interest repayments in april. About €50 in small parts. But from newer loans you won't see those, there are no more penalties any more and DCA fees eat all of the interests (and more).
I.e.:
Borrower: BOA329131
Loan issued: 16/01/2017 21:11:38
Last payment: 10/02/2020 00:00:00
Loan amount: 5€ (2125€)
Interest: 13.99%
Principal repaid: 3.13€ (3.59€)
Principal: 0.35€
Repaid interest: 0€ (0.28€)
Late charges paid: 0€ (0€)
Total repaid: 3.13€ (3.87€)
Overdue: 0€
Principal: 0€
Interest: 0€
Late charges: 0€
Debt servicing cost: 1.61€
Debt servicing cost principal amount: 1.06€
Debt servicing cost interest amount: 0.55€
Debt servicing cost penalty amount: 0€
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Post by rahafoorum on Apr 25, 2018 7:30:20 GMT
But from newer loans you won't see those, there are no more penalties any more and DCA fees eat all of the interests (and more). It's more like Bondora fees nowadays, not DCA. coolrunning: No. My previous post in this thread is a short explanation.
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Post by patright on May 4, 2018 6:30:36 GMT
Many years ago I was involved with statistics in the RAF, basically they can be made to show almost anything by being selective. The old saying is "Lies, damned lies and statistics". You are not measuring the same thing as Bondora even though the name is the same. Well said James, How about this: "I only believe in statistics that i doctored myself" Winston Churchill
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shimself
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Post by shimself on May 4, 2018 11:54:39 GMT
Does anyone know how Bondora calculates? Think of the number you want. Work out what operations to use to give the desired answer. Then work out an explanation for why those operations are appropriate, and put that explanation through google translate into double dutch and back again.
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