ashtondav
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Post by ashtondav on Apr 23, 2017 13:08:41 GMT
Does FS actually publish performance figures for its loan book. I.E., what the default rate is or what the overall actual interest rates achieved are?
For example, I seem to be investing in loans at 12% or 13%, but I have neglected to have done the work to produce an XIRR analysis, which takes into account late redemptions and late appointment of receivers.
Has anyone done such an analysis? I'm spreading my risk across about 100 loans so I would expect to be near the average.
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Greenwood2
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Post by Greenwood2 on Apr 23, 2017 13:30:57 GMT
There is a Loan Statistics link at the bottom of the web page, but I'm not sure how useful they are.
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gibmike
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What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on Apr 23, 2017 17:48:50 GMT
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Post by dan1 on Apr 23, 2017 17:57:40 GMT
The capital lost through defaults figure is very low but what I really want to know is interest + capital lost. Understandably, FS don't release these figures on their stats page.
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Post by mrclondon on Apr 23, 2017 18:40:20 GMT
The capital lost through defaults figure is very low but what I really want to know is interest + capital lost. Understandably, FS don't release these figures on their stats page. I think that is what the last 2 lines on the stats page is attempting to show - as of end of March this year, the effect of capital losses and lost interest has brought the yield of the completed loans down from an expected 13.24% to 13.15%. I've been investing with FS since launch, and that feels about right, I've lost capital on one loan and some interest on just one or two others. However be aware that FS have dipped into their own pockets a few times to top up (relatively) minor shortfalls. If I'm interpreting the figures correctly, total returns are £25,775 less than expected, of which £15,612 is lost capital so the lost interest is £10,163
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Post by dan1 on Apr 23, 2017 20:45:29 GMT
The capital lost through defaults figure is very low but what I really want to know is interest + capital lost. Understandably, FS don't release these figures on their stats page. I think that is what the last 2 lines on the stats page is attempting to show - as of end of March this year, the effect of capital losses and lost interest has brought the yield of the completed loans down from an expected 13.24% to 13.15%. I've been investing with FS since launch, and that feels about right, I've lost capital on one loan and some interest on just one or two others. However be aware that FS have dipped into their own pockets a few times to top up (relatively) minor shortfalls. If I'm interpreting the figures correctly, total returns are £25,775 less than expected, of which £15,612 is lost capital so the lost interest is £10,163 Thanks mrclondon, I hadn't analysed the stats page in enough detail. From your interpretation lost interest is 65% of lost capital. Interesting when you remember that interest on a 6-month loan is typically in the range 5-7.5%. I assume that lost interest is far more prevalent than lost capital, especially where FS step in to return investors capital but not interest. If I had the time I'd analyse the loan book to extract some stats on late payment, default, unredeemed, % of capital and interest returned, rollovers against each category of investment.
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Liz
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Post by Liz on Apr 27, 2017 12:32:43 GMT
I think that is what the last 2 lines on the stats page is attempting to show - as of end of March this year, the effect of capital losses and lost interest has brought the yield of the completed loans down from an expected 13.24% to 13.15%. I've been investing with FS since launch, and that feels about right, I've lost capital on one loan and some interest on just one or two others. However be aware that FS have dipped into their own pockets a few times to top up (relatively) minor shortfalls. If I'm interpreting the figures correctly, total returns are £25,775 less than expected, of which £15,612 is lost capital so the lost interest is £10,163 Thanks mrclondon , I hadn't analysed the stats page in enough detail. From your interpretation lost interest is 65% of lost capital. Interesting when you remember that interest on a 6-month loan is typically in the range 5-7.5%. I assume that lost interest is far more prevalent than lost capital, especially where FS step in to return investors capital but not interest. If I had the time I'd analyse the loan book to extract some stats on late payment, default, unredeemed, % of capital and interest returned, rollovers against each category of investment. It would be good if we could see what % of the loan book is overdue.
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elliotn
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Post by elliotn on Apr 27, 2017 13:20:05 GMT
Thanks mrclondon , I hadn't analysed the stats page in enough detail. From your interpretation lost interest is 65% of lost capital. Interesting when you remember that interest on a 6-month loan is typically in the range 5-7.5%. I assume that lost interest is far more prevalent than lost capital, especially where FS step in to return investors capital but not interest. If I had the time I'd analyse the loan book to extract some stats on late payment, default, unredeemed, % of capital and interest returned, rollovers against each category of investment. It would be good if we could see what % of the loan book is overdue. All Active & Past Loans - ongoing defaulted loans are Unredeemed, add 6M to Loans Active for the remaining overdue.
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TheDriver
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Slightly bonkers
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Post by TheDriver on May 12, 2017 7:28:58 GMT
It would be good if we could see what % of the loan book is overdue. In my case 25% of my portfolio are overdue, with almost half of that (10% overall) being more one month late.
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peteuk
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Post by peteuk on May 12, 2017 13:46:04 GMT
Bear in mind that those figures only stack up on defaulted loans there seems to be an unwillingness of FS to default loans when it becomes obvious , i have been with FS since 2015 hoping to diversify from property to cars and jewellery, i think they bit off more than they could chew multiple loans now that are late , over valued , when you take the costs involved i beleive you will now see some losses
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