Class C loans | P2P Independent Forum

12055
New Member

Posts: 1

Class C loans Mar 14, 2017 22:43:08 GMT

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Post by 12055 on Mar 14, 2017 22:43:08 GMT

Hello everyone,

Started Twino this month with very small amount to test things out. I am letting auto-invest do everything, but have started looking into individual investments. Turns out all my investments have been put out to C categories: the highest risk available out there.

Seems like almost all (with the exception of few B's) investments available are c categories. I am a bit concerned. Anybody who's started with a similar scenario?

* in case I want to pull all my money out, how does it work? Selling per individual investment will do? Any suggestion/explanation would be greatly appreciated.

Last Edit: Mar 14, 2017 22:46:23 GMT by 12055

kulerucket
Member of DD Central

Posts: 336

Likes: 93

Class C loans Mar 15, 2017 7:24:13 GMT

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Post by kulerucket on Mar 15, 2017 7:24:13 GMT

They can be very profitable but you need to vet them based on the limited information available. It goes without saying that they carry a lot more risk. If you are new, I would recommend you just sell them all (B's & C') and only take on loans with buyback. If you sell them quickly whilst still "Current" and not "Delayed" they will sell very easily.

Luke

Last Edit: Mar 15, 2017 7:24:43 GMT by kulerucket

queenvictoria
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Posts: 379

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Class C loans Mar 16, 2017 8:09:29 GMT

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Post by queenvictoria on Mar 16, 2017 8:09:29 GMT

They seem to load the loans up in the evening so suggest you look for individual investments late at night or first thing in the morning. There were quite a few 12/10/8% buybacks this morning and are still there right now (8am UK time).

My policy is to put 95% of my Twino money into buybacks and with the remaining 5% I go for B's and C's. Immediately a B or C goes into delayed status I put it up for sale. I have found so far that even delayed loans sell within 24 hours. I haven't lost a single penny (or euro in my case because I use Twino so I can invest in euros).

I've been with Twino for 6 months now (since mid Sept 2016) and am very pleased. The platform is very straightforward. I look at it a couple of times a day and tidy up any uninvested money. It takes a couple of minutes only. I do set auto invest but it looks like that only kicks in something like once a day so worth looking for manual investments too.

I'm a fan