james
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Post by james on May 9, 2014 22:51:54 GMT
What do you mean when you say that everyone will have cash on a Monday? Not "a" Monday but this Monday. If you look at your cashflow report and click on one month you'll probably find the typical pattern of a high percentage of all payments due on the 10th of the month. Monday 12 is the first business day after the payments are due so lenders will have more money in their accounts. About half of my total payments for this month are due on Monday.
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duck
Member of DD Central
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Post by duck on May 12, 2014 17:23:03 GMT
Good to have confirmation of what we suspected included in todays Email
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JamesFrance
Member of DD Central
Port Grimaud 1974
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Post by JamesFrance on May 12, 2014 18:07:24 GMT
Thankyou for that information, for the first time their email was put into junk by my ISP for some reason.
They really do need to sort out these newsletters which always seem to give duff information later corrected.
I am still waiting for my first Estonian A1000 loan. There seems to be no way to speed up the process any more, so it will be difficult to invest new money without making larger bids, as there seems to be a very long queue of investors. Presumably they never got the hang of the previous system which rewarded low bids with more top rate loans.
I feel that the achieved rate after defaults will be dropping quickly in future, unless their is a large inflow of new loan requests.
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duck
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Post by duck on May 13, 2014 4:17:28 GMT
so am I. Out of interest (and something I will probably regret!) I temporarily lifted the pause on my Finnish profile and I have instantly started picking up loans to add to the Spanish ones that have been my sole 'new loans'. My suspicion is that a very high % of people are 'Estonia only'. I don't think that is a bad position to take when I look at my current default rates Based on number of loans my figures currently are Estonia 2.13% Spain 2.12% (of just over 150 loans) Finland 11.30% (of just over 100 loans) Taking into account the timescales (only just into the timescale where defaults will show up) and payment records, the Spanish total will increase of that I have no doubt.
I haven't worked out a new 'strategy' yet to sort out the balance between 'poor' loans and 'dead money' ..... more examination of the loans that have been approved is my starting point.
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Post by batchoy on May 13, 2014 6:06:49 GMT
I picked up two Estonian A1000 yesterday @ 22% and I have a large pot of repayments and interest to re-invest. The one question I have is that given the queues are based on profile creation dates does the creation date get reset when you edit the profile. Apart from adding new ones when new countries come on stream, I have had the same set of profiles since day one, but they have been edited and tweaked on a regular basis.
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duck
Member of DD Central
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Post by duck on May 13, 2014 7:00:06 GMT
I can't be certain of the answer to that one, my inclination is to think changing the profile does change the creation date ..... when you modify a loan there is a flash message along the lines of 'profile created'. I am still using my much modified original Estonian profile which has been with me since day one (but modified last week) which makes me wonder if this has put me to the back of the queue.
I note not many new Estonian loans in the past few days which may account for the disappointing results so far.
EDIT I've just looked at my A1000 Estonia profile and it states
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Post by batchoy on May 13, 2014 7:20:24 GMT
I can't be certain of the answer to that one, my inclination is to think changing the profile does change the creation date ..... when you modify a loan there is a flash message along the lines of 'profile created'. I am still using my much modified original Estonian profile which has been with me since day one (but modified last week) which makes me wonder if this has put me to the back of the queue.
I note not many new Estonian loans in the past few days which may account for the disappointing results so far.
EDIT I've just looked at my A1000 Estonia profile and it states On that note my Finnish A1000 profile which has been full for sometime has the note 'Last bid made 10/02/2014 15:50:40' but I had a mass edit of all my profiles when the changes to the bidding system were announced (and I believed I understood them), which to would indicate that editing does not change the creation date of the profile.
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duck
Member of DD Central
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Post by duck on May 13, 2014 8:08:31 GMT
Yes I have a couple like that, my train of thought is that whilst the name of the profile remains the same there are subsets along the lines of A1000(1) A1000(2) ..... with each edit acting along the lines of a new profile. That way it is easy to keep track of portfolio sizes and minimise the amount of data that would have to be held in order that you could simply total up say Finnish loans.
I remember zopa having a similar system some years back and there was always a balancing act between modifying and going to the end of the queue.
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duck
Member of DD Central
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Post by duck on May 14, 2014 17:41:59 GMT
So who is picking up Estonian loans after the changes?
None of my Estonian profiles (still with low interest rates all debt ratios etc) have picked up anything ........... but I am obviously 'in the market' since I have picked up Spanish, Finnish and Slovak loans in the past couple of days.
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Post by batchoy on May 14, 2014 18:53:47 GMT
So who is picking up Estonian loans after the changes?
None of my Estonian profiles (still with low interest rates all debt ratios etc) have picked up anything ........... but I am obviously 'in the market' since I have picked up Spanish, Finnish and Slovak loans in the past couple of days. None for me today, all the Estonian A1000 loans seem to be going through at the 12% minimum interest rate and now both my Spanish and Slovak A1000 profiles have joined my Finnish A1000 profile and have reached my investment limits.
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JamesFrance
Member of DD Central
Port Grimaud 1974
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Post by JamesFrance on May 15, 2014 7:57:21 GMT
No Est A1000s for me either since the change. Maybe editing the profile rates to suit the new system meant last in the queue. Apart from P*******1 which is taking a large part of every A1000 over 15%, most of the successful bidders aren't familiar and probably got little under the old system. Since many are getting a lot of 12% loans I am hoping they will wake up and change their profiles so that they too move back in the queue. I had thought that the new queue would move on so that everyone would get their turn, but with nothing since 7th May for most of us it seems not.  |
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Post by batchoy on May 15, 2014 16:04:19 GMT
My profiles managed to pick up an Estonian A1000 at 26% today. A lot are being listed with the maximum interest rate set at the minimum rate of 12%
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Post by wiseclerk on May 16, 2014 6:14:29 GMT
Learnings from the German forum (thanks fehd!): On the A1000 loans totally filled by profiles there have been 1.409 different lenders since the change. On EE A1000 26% loans so far only 775 different lenders (42K loan amount)got the chance to bid. That means it will probably still take long till everybody go to bid on an EE A1000 26% loan. Only on 12% loans there have been multiple bids.
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duck
Member of DD Central
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Post by duck on May 16, 2014 6:48:49 GMT
Thanks for the info, what I suspected but perhaps not what I wanted to read! Having just had the two big payment days for the month my unmatched money has increased to just under 1K euros, it will be interesting to see how/if this is allocated in the coming month.
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Post by batchoy on May 16, 2014 7:03:54 GMT
Thanks for the info, what I suspected but perhaps not what I wanted to read! Having just had the two big payment days for the month my unmatched money has increased to just under 1K euros, it will be interesting to see how/if this is allocated in the coming month. I have the same problem at the moment, money is coming in faster than it is being reinvested
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