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Post by buttchopf23 on Aug 26, 2017 18:59:04 GMT
So you are the reason why my 2nd market strategy functionned less in the past months
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Post by kilozulu on Aug 26, 2017 20:00:50 GMT
You have impressive SM returns, how much time do you spend monitoring SM for attractive deals? Well, this is probably disappointing to hear, but to be honest: I wrote a program that checks the secondary market once a minute for what I consider to be undervalued loans. It turns out there aren't that many of them. I reckon that the majority of undervalued loans transacted in the secondary market are bought by me, but the amount I have in Mintos is about the maximum I can keep invested this way. So I think that opportunity is pretty much tapped (except maybe for long durations; I only target < 12 months). If anyone gets it in their head to copy this idea: At least target a different platform like Viventor/Swaper/Viainvest so you won't have to compete with me. No competition here, coding is for smarter people. Still, to pick up the majority guess you have to keep a cash buffer at all times to allow exploiting opportunities whenever those arise, which is not the case in screenshot. How long you run the program, 6 months?
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Post by wiseclerk on Aug 26, 2017 20:19:52 GMT
What do you mean by "I have the feeling". Either you did receive lower interest than is expected or you did not. Please give us real numbers.
For Twino i calculate 10.94% and Twino number is 10.96% For Mintos i calculate 9.67%(asuming i will be paid for defaulted Eurocent loans approx 10% of the exposure) and Mintos number is 11.03%
As it turns out my feeling wasnt that wrong
Of course the Mintos calculation does not do the assumption that only 10% will be paid on your Eurocent exposure. It only looks at current status, not at future outcome. This is not saying, that your 10% assumption might not be correct. In fact, I guess you will be lucky if you get 10% back.
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Post by mopcku on Aug 26, 2017 20:29:30 GMT
For Twino i calculate 10.94% and Twino number is 10.96% For Mintos i calculate 9.67%(asuming i will be paid for defaulted Eurocent loans approx 10% of the exposure) and Mintos number is 11.03%
As it turns out my feeling wasnt that wrong
Of course the Mintos calculation does not do the assumption that only 10% will be paid on your Eurocent exposure. It only looks at current status, not at future outcome. This is not saying, that your 10% assumption might not be correct. In fact, I guess you will be lucky if you get 10% back. No i wrote it little bit confusing.. i mean 10% of my exposure is to eurocent and in this calculation i assumed it will be bought back to 100%.. I know it is too optimistic but even then i dont get the mintos numbers.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Aug 27, 2017 7:46:44 GMT
I wrote a program that checks the secondary market once a minute for what I consider to be undervalued loans. Out of interest what technologies are you using? I've been playing around with selenium/python and now collect all of my summary information this way.
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Post by southseacompany on Aug 27, 2017 9:06:25 GMT
How long you run the program, 6 months? Since February, but with occasional breaks when Mintos changed their format and I didn't notice it for a couple of weeks.
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Post by southseacompany on Aug 27, 2017 9:15:02 GMT
I wrote a program that checks the secondary market once a minute for what I consider to be undervalued loans. Out of interest what technologies are you using? I've been playing around with selenium/python and now collect all of my summary information this way. That sounds like a decent way to do it, but personally I wouldn't want to rely on an actual desktop browser, so that I can run the script on a virtual server instead of on my own computer. I use Ruby, which has a very useful library called Nokogiri. It gives a unified view of HTML and XML documents, so that you can grab elements using XPath even if the HTML document is not well-formed and is full of errors. You've probably noticed this already, but if you access the sites while snooping web traffic, you will find that Mintos is basically a bunch of quick and dirty web pages thrown together, whereas Twino has a hidden full, well-designed REST API.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Aug 27, 2017 10:18:12 GMT
Similar concept I think. The chrome driver for selenium has a headless mode for server running but I don't schedule the update at the moment because I'm not doing any monitoring. For most sites I have to rely heavily on the xpaths but they change things quite often so I am always having to make tweaks. It would be nice if people used element id's properly.
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Post by kilozulu on Aug 28, 2017 12:20:42 GMT
How long you run the program, 6 months? Since February, but with occasional breaks when Mintos changed their format and I didn't notice it for a couple of weeks. Then we the regular guys still have a chance every once in a while for a few weeks:)
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Post by loic (klear) on Jan 26, 2018 14:46:10 GMT
My Klear number is 6.5% they give 7.1%
Hi, my first appearance in this forum... Sorry to react long after! At Klear, we use XIRR to calculate the return so I would be grateful if we could investigate together where the difference is coming from. Thanks!
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Post by mopcku on Jan 26, 2018 17:47:23 GMT
My Klear number is 6.5% they give 7.1%
Hi, my first appearance in this forum... Sorry to react long after! At Klear, we use XIRR to calculate the return so I would be grateful if we could investigate together where the difference is coming from. Thanks! Hi
yes I would also like to find out why there are differences. I will see if i will be able to find time in the next days to update my xirr numbers for the different platforms.
BR mopcku
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Post by mopcku on Jan 31, 2018 21:07:25 GMT
Hi, my first appearance in this forum... Sorry to react long after! At Klear, we use XIRR to calculate the return so I would be grateful if we could investigate together where the difference is coming from. Thanks! Hi
yes I would also like to find out why there are differences. I will see if i will be able to find time in the next days to update my xirr numbers for the different platforms.
BR mopcku
So I did the calculations again and in the case of Klear i get XIRR 5.99% against 6.4% shown on the platform.
My assumption is that in your calculation you are considering the XIRR only over the invested part of the money and in my I do it over all the money i have transfered to my klear acount.
I do my calculation this way because 1) At the end of day for me this is the important measure of return since the not invested part of my money on the account can be seen as oportunuity costs 2) It is much easier to calculate
loic (klear) Are my assumptions about your calculation way right?
BR Mopcku
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Post by loic (klear) on Feb 1, 2018 6:57:47 GMT
mopcku, yes you're correct. We calculate the return with XIRR formula only on the money invested. I understand your point of view. Idle money, wherever it is, doesn't bring anything It's one of the reasons why platforms have developed Auto Invest tools, mainly to enable automatic reinvestment of the daily repayments coming back to the wallet. With an Auto Invest active and properly tuned, the difference between the 2 calculations should not be big. Thanks for your feedback Loic
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Post by mopcku on Feb 1, 2018 11:16:49 GMT
mopcku , yes you're correct. We calculate the return with XIRR formula only on the money invested. I understand your point of view. Idle money, wherever it is, doesn't bring anything It's one of the reasons why platforms have developed Auto Invest tools, mainly to enable automatic reinvestment of the daily repayments coming back to the wallet. With an Auto Invest active and properly tuned, the difference between the 2 calculations should not be big. Thanks for your feedback Loic loic (klear) Thank you for your answer.
I have one other less related question regarding Klear.
As a platform without buyback (which i prefer) it would make sense for the investors to be able to analyze the portfolio performance and build their own models for risk assessment. This will help them being able make more informed decisions in which loans to invest. For this purpose other platforms like Bondora, Finbee etc. are offering the possibility to download the loan portfolio. Do you plan to offer this download possibility also on Klear? It will be great help for the investors.
Thanks Mopcku
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Post by loic (klear) on Feb 1, 2018 15:26:13 GMT
mopcku Sure. We recently added this feature a few weeks ago! - Each investor can download his own portfolio (available in the Portfolio menu, on the top left, just above your first loan) - Besides, the whole loan portfolio (each and every loan ever financed by Klear) is available to the public. It's in the Statistics page, at the bottom. I hope it will help. Loic
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