BTC-Bank - Thank you a lot!
May be as more experienced you can help me with my original questions:
How you calculate return on BTCjam.
it is quite simple to see what are dates and amounts of my deposits. Seems I can see received Interest (as one sum)
But I have problems to understand what are my outstanding principals today.
Also I cannot understand where to find info about gain/losses when I am buying/selling notes.
Also, anybody need split between principals and interest - I think it is base to declare taxes (as example). I am right that at BTCjam all is mixed together?
Thank you for any advise or links describing calculation of xirr at btcjam.
You welcome @ders01!
My explanation is with some words nothing special as i cant explain you exactly because i dont know how they calculate things in BTCjam,
Well your question about interest it can be found in every loan per week, per month etc. with days of payment before you invest, if you want see the exact amount without calculate it, you will see how much you will receive or the amount left after your invest if you go to your notes section and type or search the name of the borrower.
About the total amount there is the Net Annualized Return board on the dashboard and also in the investments section with the Received and Invested stats But when you trading notes this it will effect the numbers and give you a false as the system it doesn't count it as it is.In my opinion the right way if you dont want to miss any stats you can write it your own.
Now about the buying and selling Notes, when you are going to buy a note which is current and not funding it shows you the actual interest remaining and you can see if this is profitable for you.When you are going to sell a note you have to calculate you own and add 4%(not necessary in some cases) on the remaining amount which must be under the interest price, this is the fee for trading Notes but in general you have to low more the amount to be more attractive for someone to buy it then if you are happy with the result you sell it,(on overdue loans which you think it doesnt worth you may sell it much lower to be more attractive).
More information can be found on the official BTCjam blog here:
http://blog.btcjam.com/ Kind Regards,
BTC-Bank.