benaj
Member of DD Central
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Post by benaj on Sept 29, 2023 15:43:37 GMT
I am trying to rundown my CP account. The autoinvest feature got myself invested in 2022 and the loan is currently live and 4 months overdue.
Approximately 40 minutes ago, I got an email saying "thank you for choosing to use Crowdproperty AutoInvest". Strangely enough, my autoinvest setting is currently off.
Am I the odd one out receiving autoinvest email despite it is turned off?
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Nomad
Member of DD Central
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Post by Nomad on Sept 29, 2023 16:00:40 GMT
I am trying to rundown my CP account. The autoinvest feature got myself invested in 2022 and the loan is currently live and 4 months overdue. Approximately 40 minutes ago, I got an email saying "thank you for choosing to use Crowdproperty AutoInvest". Strangely enough, my autoinvest setting is currently off. Am I the odd one out receiving autoinvest email despite it is turned off? I am also running down and just got that email also.
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Post by Ace on Sept 29, 2023 16:28:56 GMT
I am trying to rundown my CP account. The autoinvest feature got myself invested in 2022 and the loan is currently live and 4 months overdue. Approximately 40 minutes ago, I got an email saying "thank you for choosing to use Crowdproperty AutoInvest". Strangely enough, my autoinvest setting is currently off. Am I the odd one out receiving autoinvest email despite it is turned off? I am also running down and just got that email also. I'm running down my standard account, but not my ISA. I didn't get the email.
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Post by mikec on Oct 3, 2023 11:15:36 GMT
This tax year I have also been running down my Standard CP account, with auto-invest turned off, and dripping funds back into the IFISA account, where auto-invest is on. I haven't had any Emails about auo-invest being on/off and there have been no spurious investments from my standard account.
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Post by Ace on Oct 5, 2023 14:16:10 GMT
The table in the OP was udated on the 1st as usual, but I was away so didn't have access to the details until now. XIRR is up slightly again to 4.57%. 2 loans repaid this month, 1 slightly ahead of its due date and 1 that was late. 1 more loan became late this month. 11 loans are now in default (> 6 months late), the same as last month. (I was previously notified that 1 of my defaulted loans will suffer a capital loss). 1 loan is due to repay in October. It still feels like an orderly wind down. Platform stated stats for my combined portfolios are (Note that these figures are currently only provided by the platform for combined portfolios - bad form CP! The two stats that were polluted with CPC data now appear to correctly relate to CP only again): Realised Average Return: 8.20% (8.81% last month, 8.20% the month before). It looks like this stat was polluted with CPC data for last month only. Contracted Average Return: 7.83% (8.50% last month, 7.88% the month before). It looks like this stat was polluted with CPC data for last month only. Current Contract Rate: 8.01% (7.97% last month). I think that this stat has been kept free of CPCapital pollution. I'm pleased that they have seen sense and removed the influence of the CPC loans on CP stats. I'm less pleased that they have remained silent on the whole issue in the hope that no-one would notice their errors. I'd rather platforms were open and honest about their mistakes, rather than leave us guessing about what the heck is going on.
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Post by Ace on Nov 1, 2023 20:43:30 GMT
The table in the OP has been updated. There were no capital repayments this month, just some minor interest payments.
XIRR is up slightly again to 4.59%.
0 loans repaid this month.
0 more loans became late this month.
12 loans are now in default (> 6 months late), 1 more than last month. (I was previously notified that 1 of my defaulted loans will suffer a capital loss). I note that the statistics page has not been updated to reflect this new default and at least 1 other loan that has recently defaulted. I informed CP that their stats page had stopped updating again two days ago, but have not yet received a reply.
1 loan is due to repay in November.
It still feels like an orderly wind down.
Platform stated stats for my combined portfolios are (Note that these figures are currently only provided by the platform for combined portfolios:
Realised Average Return: 8.20% (no change from the month before). Contracted Average Return: 7.83% (no change from the month before). Current Contract Rate: 8.04% (8.01% last month). Steadily rising due to new, higher rate, loans in my ISA portfolio.
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zlb
Member of DD Central
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Post by zlb on Nov 17, 2023 10:49:23 GMT
I am trying to rundown my CP account. The autoinvest feature got myself invested in 2022 and the loan is currently live and 4 months overdue. Approximately 40 minutes ago, I got an email saying "thank you for choosing to use Crowdproperty AutoInvest". Strangely enough, my autoinvest setting is currently off. Am I the odd one out receiving autoinvest email despite it is turned off? I have had frequent problems with their autoinvest announcements when I had it switched off. Once, it even invested when I thought it was switched off. In more recent messages about this, I've not had a reply so that would suggest that they know that there is a problem.
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Post by Ace on Dec 1, 2023 20:39:39 GMT
The table in the OP has been updated. There was just one partial capital and interest payment this month (from a loan that was 13 months overdue). So the XIRR dropped a bit to 4.55%. 0 of my loans repaid this month (except for the partial repayment). 1 more of my loans became late this month. 17 of my remaining 18 loans are now overdue. 5 of these have made partial repayments. Another 40 loans have fully repaid since I started running this account down. 14 loans are now in default (> 6 months late), 2 more than last month. (I was previously notified that 1 of my defaulted loans will suffer a capital loss).
The statistics page is back up to date. The issue with CP not replying to my emails was due to them being diverted to their spam folder. 0 of my loans are due to repay in December. It still feels like an orderly wind down, but it's taking longer than I expected. Platform stated stats for my combined portfolios are (Note that these figures are currently only provided by the platform for combined portfolios: Realised Average Return: 8.19% (8.20% last month). Contracted Average Return: 7.83% (no change for a couple of months). Current Contract Rate: 8.19% (8.04% last month). Steadily rising due to new, higher rate, loans in my ISA portfolio.
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Post by Ace on Jan 1, 2024 17:33:21 GMT
The table in the OP has been updated. There were no capital or interest payments this month. So the XIRR dropped again to 4.49%.
0 of my loans repaid this month.
0 more of my loans became late this month.
17 of my remaining 18 loans are now overdue. 5 of these have made partial repayments. Another 40 loans have fully repaid since I started running this account down.
15 loans are now in default (> 6 months late), 1 more than last month. (I was previously notified that 1 of my defaulted loans will suffer a capital loss).
0 of my loans are due to repay in December.
It still feels like an orderly wind down, but it's taking longer than I expected.
Platform stated stats for my combined portfolios are (Note that these figures are currently only provided by the platform for combined portfolios:
Realised Average Return: 8.19% (no change from last month). Contracted Average Return: 7.83% (no change for a few months). Current Contract Rate: 8.06% (8.19% last month!!!). I may have made a mistake with recording last month's rate. Looks like I recorded the Realised Average Return instead!
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Post by lotus_eater on Jan 3, 2024 9:04:32 GMT
The table in the OP has been updated. There were no capital or interest payments this month. So the XIRR dropped again to 4.49%. 0 of my loans repaid this month. 0 more of my loans became late this month. 17 of my remaining 18 loans are now overdue. 5 of these have made partial repayments. Another 40 loans have fully repaid since I started running this account down. 15 loans are now in default (> 6 months late), 1 more than last month. (I was previously notified that 1 of my defaulted loans will suffer a capital loss). 0 of my loans are due to repay in December. It still feels like an orderly wind down, but it's taking longer than I expected. Platform stated stats for my combined portfolios are (Note that these figures are currently only provided by the platform for combined portfolios: Realised Average Return: 8.19% (no change from last month). Contracted Average Return: 7.83% (no change for a few months). Current Contract Rate: 8.06% (8.19% last month!!!). I may have made a mistake with recording last month's rate. Looks like I recorded the Realised Average Return instead! Here's my stats again if you're interested AceBit paid back last month but not a pretty sight (in my opinion).
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Post by Ace on Feb 1, 2024 19:55:04 GMT
The table in the OP has been updated. A defaulted loan repaid this month. It was 14 months late, but 2/3 of the capital and associated interest and penalty interest had already been repaid previously, and it was a very small loan, so it didn't have much impact on the XIRR. There were small partial capital repayments from 2 other defaulted loans this month. The XIRR dropped slightly to 4.47%.
1 of my loans repaid this month. It was in default.
0 more of my loans became late this month.
16 of my remaining 17 loans are now overdue. 5 of these have made partial repayments. Another 41 loans have fully repaid since I started running this account down.
14 loans are now in default (> 6 months late), 1 fewer than last month. (I was previously notified that 1 of my defaulted loans will suffer a capital loss).
My last remaining non-overdue loan is due to repay in February.
It still feels like an orderly wind down, but it's taking longer than I expected.
Platform stated stats for my combined portfolios are (Note that these figures are currently only provided by the platform for combined portfolios:
Realised Average Return: 8.19% (no change from the last 2 months). Contracted Average Return: 7.83% (no change for a few months). Current Contract Rate: 8.07% (8.06% last month).
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
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Post by mcfc on Feb 2, 2024 12:40:27 GMT
Thanks Ace. I am also in wind down mode. May I ask you, what is / are your reasons for winding down your investment with CP ? kind regards
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Post by Ace on Feb 2, 2024 14:42:46 GMT
Thanks Ace. I am also in wind down mode. May I ask you, what is / are your reasons for winding down your investment with CP ? kind regards Hi mcfc, I covered your question to some extent in the OP, but I'll add some colour here since you asked... I'm not winding down with CP per se. I'm winding down my standard account in order to transfer funds to the ISA account. I'm reinvesting returns in the ISA account and will probably add to it when the ISA rules are relaxed in April. Those of us that measure our XIRR ignoring accrued interest were seeing much lower values that the expected ~8%. It's fairly obvious that the XIRR will be lower than this while an account is active due to unpaid accrued interest, but some investors seemed to be struggling with this. It's probably the main reason that CP added the dashboard stats, particularly the Realised Average Return stat which shows one's average annualised return from completed projects. This stat wasn't available when I started this thread, so I thought it would be useful to see how the XIRR steadily rose to the expected value as an account is wound down. My standard account had invested in 75 projects, so I thought it would provide a useful and fairly typical illustration of an orderly wind down. This illustration was working well at first as my XIRR steadily rose from its initial 2.6% to around 4.5%. However, it's stalled over the past year as my overdue and defaulted loans have mounted. Many of my loans that have completed over the past year were already paying monthly, so their completions haven't added much to boost the XIRR. None of My remaining standard account loans are still paying monthly interest, so each loan that completes from now on should add more significantly to the XIRR. 9 out of my 17 remaining standard loans have never paid monthly interest, so completion of any of those should add greatly to the XIRR. 16 of those 17 are also now accruing penalty interest, which should boost the XIRR further. Of course, this will need to be tempered by any losses. I've only been notified of one of these loans that is likely to suffer some loss, but others might also occur, so the final result is far from certain. As things stand, I'm expecting the losses to be roughly cancelled out by the penalty interest on the other loans, so I'm still expecting an eventual return of around the 7.5% mark. Note that the interest rates offered for the loans in my standard account were a fair bit lower when they were started (in the 7% to 8% range). I'm expecting a higher XIRR from my newer, much larger, and more diversified (196 projects so far) ISA account, perhaps around the 9% mark after allowing for losses. Time will tell...
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
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Post by mcfc on Feb 2, 2024 16:47:43 GMT
Thanks for taking time to offer such a comprehensive response Ace. apologies, you are right, I hadn’t read the OP…. Much appreciated.
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rocky1
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Post by rocky1 on Feb 17, 2024 7:17:09 GMT
last loan in my standard account has finally repaid.full capital partial interest. so overall a good result.it took just over 3.5 years to run down my standard account with CP as at my age now i am trying to tidy things up a bit and relax/enjoy some of the fruits of my retirement.i find p2p can be very stressful and do not want my executors having to put up with all that when the time finally comes.
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