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Post by nellerdk on Aug 8, 2017 14:03:23 GMT
Should you own HR loans on Bondora or are they too toxic and risky?
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Post by rahafoorum on Aug 8, 2017 19:42:24 GMT
Should you own HR loans on Bondora or are they too toxic and risky? If you have to ask, you should probably steer clear of Bondora altogether.
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Post by nellerdk on Aug 8, 2017 20:08:32 GMT
that is not really a useful answer...
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Post by kilozulu on Aug 9, 2017 6:01:09 GMT
Should you own HR loans on Bondora or are they too toxic and risky? They are too toxic and risky. But as rahafoorum tried to say, Bondora in general is not a wise choice for most investors, other platforms give better return for MUCH less risk. I gave up on it a long time ago.
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Post by rahafoorum on Aug 9, 2017 7:36:32 GMT
that is not really a useful answer... It is the most useful answer you could get. If you have to ask, you will probably lose bunch of money and do stupid things when investing with Bondora. You need to seriously understand in detail what is going on and what you are doing there to avoid freely giving your money away or taking stupid risks for very low gains. No-one can teach you to analyze the figures and avoid all the pitfalls in a forum post.
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parisingoc
Member of DD Central
Posts: 87 
Likes: 25
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Post by parisingoc on Aug 9, 2017 8:11:12 GMT
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Post by Butch Cassidy on Aug 9, 2017 8:56:33 GMT
I like parisingoc no longer actively invest with Bondora (a hint in itself!) but also spent many hundreds of hours researching & quizzing potential borrowers, when direct Q&A was available, resulting in approx. 20% of my portfolio loans being HR with an average interest rate of 41% against 32% for the whole portfolio. They now represent 33% of my defaults so yes higher risk but also higher returns HOWEVER when these loans were bought there was an active forum that had several users posting the opportunities that they found, both good & bad, so collectively thousands of hours were dedicated to filtering out the best opportunities which no longer happens.
The experienced Bondora users have almost all stopped actively investing with the platform & have many threads warning potential investors of the risks & pitfalls of trusting Bondora, however you are still showing the enthusiasm & naivety to want to carry on which is laudable, if rather foolhardy IMO, so my advice would be start slowly & just set up a small test portfolio & leave it alone for say 6 months & then evaluate the results before committing to any further investments, sometimes the only way to satisfy one's curiosity is by learning from your own mistakes.
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Post by rahafoorum on Aug 9, 2017 10:48:30 GMT
I like parisingoc no longer actively invest with Bondora (a hint in itself!) but also spent many hundreds of hours researching & quizzing potential borrowers, when direct Q&A was available, resulting in approx. 20% of my portfolio loans being HR with an average interest rate of 41% against 32% for the whole portfolio. They now represent 33% of my defaults so yes higher risk but also higher returns Is that with after the initial 15% or current 35% DCA fees or before? After your local taxes or before? After the Rating started expecting a lot higher recovery than 10% or before? After the interest rates for HR loans were increased or before? After practically all EST HR loans disappeared due to the APR limit or before? Just a few small details in a line of many to consider if one really wants to invest into those.
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Post by nellerdk on Aug 9, 2017 11:57:03 GMT
thanks for the advice, guys. I appreciate it.
From all the research you have done, it seems that Bondora is quite risky. I will not be adding more funds to my Bondora account.
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Post by jeroen on Aug 11, 2017 12:56:47 GMT
Look at omaraha.ee/en/ they have secured loans with 8% to 12 % profit, you always get your money back with profit. I stopped investing in Bondora over a year ago and am steadily withdrawing funds.  |
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