|
Post by df on Jan 31, 2019 17:02:53 GMT
It could be that GS origination strategies are different from BM? I agree, AC access accounts stand out. Such a brilliant idea. The only alternative to Core account BM came up with was 3.35-3.85% bonds - don't know how successful this new product is, but can't help thinking that BM might be a bit out of touch. so give or take, you think GS loan origination is good? I find opinion conflicting as gs is recommended highly in places, but then one finds the usual moans. the b m property bonds seem as if they are aiming for something similar to downingcrd which can have some property bonds at roughly this rate, but usually higher, I suppose. Maybe I'm wrong in that. But wrapping up in a package like that, seems so. I think b m not necessarily wrongly, promotes a certain traditionalism involving a kind of appearance of morality in customer care, and knowledge of finance that might go with the age of fountain pens - is that what you mean? It's whether that is met ... as with all. I'm not sure whether GS origination is good or not, but lending experience for me has been good so far. In my experience BM customer services are good and I think the expertise in finance industry is there, but I don't think BM is good at competing in lending market. There currently are many platforms offering much better deals for retail investors (in my humble opinion 6% projected return with no PF in place is out of touch). I judge by results. I've been with both for around 2 years (on and of with BM). GS delivers 5+%. It has been a bit hectic at the beginning, but since they stabilised the rate it has been virtually maintenance free investment with stable return. With BM, I don't know where I am in terms of loss/profit. So far I have twice as much locked in non-performing loans than I've earned. It could result in all of them being repaid at some point? I might earn projected 6% or might loose.
|
|
zlb
Member of DD Central
Posts: 1,412
Likes: 331
|
20% bonus
Jan 31, 2019 17:57:55 GMT
via mobile
Post by zlb on Jan 31, 2019 17:57:55 GMT
so give or take, you think GS loan origination is good? I find opinion conflicting as gs is recommended highly in places, but then one finds the usual moans. the b m property bonds seem as if they are aiming for something similar to downingcrd which can have some property bonds at roughly this rate, but usually higher, I suppose. Maybe I'm wrong in that. But wrapping up in a package like that, seems so. I think b m not necessarily wrongly, promotes a certain traditionalism involving a kind of appearance of morality in customer care, and knowledge of finance that might go with the age of fountain pens - is that what you mean? It's whether that is met ... as with all. I'm not sure whether GS origination is good or not, but lending experience for me has been good so far. In my experience BM customer services are good and I think the expertise in finance industry is there, but I don't think BM is good at competing in lending market. There currently are many platforms offering much better deals for retail investors (in my humble opinion 6% projected return with no PF in place is out of touch). I judge by results. I've been with both for around 2 years (on and of with BM). GS delivers 5+%. It has been a bit hectic at the beginning, but since they stabilised the rate it has been virtually maintenance free investment with stable return. With BM, I don't know where I am in terms of loss/profit. So far I have twice as much locked in non-performing loans than I've earned. It could result in all of them being repaid at some point? I might earn projected 6% or might loose. thanks for insight on gs. I too have too many defaults in bm. Although I thought that their expected 6% return was supposed to include defaults.
|
|
|
Post by df on Jan 31, 2019 18:16:53 GMT
I'm not sure whether GS origination is good or not, but lending experience for me has been good so far. In my experience BM customer services are good and I think the expertise in finance industry is there, but I don't think BM is good at competing in lending market. There currently are many platforms offering much better deals for retail investors (in my humble opinion 6% projected return with no PF in place is out of touch). I judge by results. I've been with both for around 2 years (on and of with BM). GS delivers 5+%. It has been a bit hectic at the beginning, but since they stabilised the rate it has been virtually maintenance free investment with stable return. With BM, I don't know where I am in terms of loss/profit. So far I have twice as much locked in non-performing loans than I've earned. It could result in all of them being repaid at some point? I might earn projected 6% or might loose. thanks for insight on gs. I too have too many defaults in bm. Although I thought that their expected 6% return was supposed to include defaults. It kind of was. 8% return -1.5% fees -projected crystallised loss = something like 6%. For me it's too much of uncertainty - I'd rather put funds in RS @6% and relax.
|
|