p2pete
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Post by p2pete on Mar 7, 2018 15:01:21 GMT
It would have been better to have 2 polls rather than mangle two questions into one poll. The results don't make any sense.
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ceejay
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Post by ceejay on Mar 7, 2018 19:14:22 GMT
It would have been better to have 2 polls rather than mangle two questions into one poll. The results don't make any sense. Maybe a little hard to read, but not without information. For example, I read that there is a clear trend at the higher levels of investment towards moving out of P2P, whereas those with less money in seem to be tilted towards more. At the same time, there isn't an overwhelming rush in either direction, though since the sample sizes are all small (many of them tiny!) much caution is required. It's also interesting to see the wide spread of quantity invested - we have participants across the spectrum from SH to BH, apparently.
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Post by vaelin on Mar 8, 2018 15:58:48 GMT
It would have been better to have 2 polls rather than mangle two questions into one poll. The results don't make any sense. Maybe a little hard to read, but not without information. For example, I read that there is a clear trend at the higher levels of investment towards moving out of P2P, whereas those with less money in seem to be tilted towards more. At the same time, there isn't an overwhelming rush in either direction, though since the sample sizes are all small (many of them tiny!) much caution is required. It's also interesting to see the wide spread of quantity invested - we have participants across the spectrum from SH to BH, apparently. It's also a self-select poll, so not a random sample. What are SH and BH?
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jonno
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nil satis nisi optimum
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Post by jonno on Mar 8, 2018 16:11:11 GMT
Maybe a little hard to read, but not without information. For example, I read that there is a clear trend at the higher levels of investment towards moving out of P2P, whereas those with less money in seem to be tilted towards more. At the same time, there isn't an overwhelming rush in either direction, though since the sample sizes are all small (many of them tiny!) much caution is required. It's also interesting to see the wide spread of quantity invested - we have participants across the spectrum from SH to BH, apparently. It's also a self-select poll, so not a random sample. What are SH and BH? Small Hitters and Big Hitters (presumably).
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rick24
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Post by rick24 on Mar 8, 2018 17:07:28 GMT
There are some eye-popping amounts at the top end!
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Liz
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Post by Liz on Mar 10, 2018 2:06:18 GMT
There are some eye-popping amounts at the top end! If you believe the poll. Anyone could click the large amounts to pretend.
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Post by elephantrosie on Mar 10, 2018 19:10:48 GMT
conclusions:
normal distribution curve. p2p investors are reducing their investment in 2018.
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p2pete
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Post by p2pete on Mar 10, 2018 20:11:16 GMT
p2p investors are reducing their investment in 2018. I counted 72 are decreasing out of 177 voters. So most people aren't reducing.
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Post by marek63 on Mar 11, 2018 5:36:37 GMT
Just eliminated our last real P2P holdings apart from GBP 32 stuck in Assetz (one 'suspended'), one loan just not selling. GBP 10,000 in TC awaiting administrator to transfer final payments.
At peak (2 years ago) we had almost 400,000 invested across Assetz, Lendy, TC. Scaled that back totally 18 months ago, and luckily missed a lot of failures and disasters in TC and (not yet crystallised failures - a personal view) in Lendy Still got a net of about 3.5% p.a over 2 years. But not worth the risk given the rising interest rate forecasts and the ability of lenders to abandon their obligations in this sector. If the refinancing is not available at manageable rates suddenly as the risk/reward does not make sense for banks/underwriters, many of the marginal projects will collapse.
If we had not (for no clever reason other than needing the cash) sold most holdings at beginning of 2016, it would be looking much worse for us
It will only take one of the 'mega loans' failing on Lendy or Assetz to bring those platforms PF to zero. And if one looks at the auto-allocation accounts, the mega loans get very large allocations. We finally abandoned ship when we realized we had 3-4k exposures in the account to loans we would never trust in direct allocation.
Will keep an eye on the sector for interest, but wish you all well.
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angrysaveruk
Member of DD Central
binomial
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Post by angrysaveruk on Mar 11, 2018 12:32:20 GMT
Just eliminated our last real P2P holdings apart from GBP 32 stuck in Assetz (one 'suspended'), one loan just not selling. GBP 10,000 in TC awaiting administrator to transfer final payments.
At peak (2 years ago) we had almost 400,000 invested across Assetz, Lendy, TC. Scaled that back totally 18 months ago, and luckily missed a lot of failures and disasters in TC and (not yet crystallised failures - a personal view) in Lendy Still got a net of about 3.5% p.a over 2 years. But not worth the risk given the rising interest rate forecasts and the ability of lenders to abandon their obligations in this sector. If the refinancing is not available at manageable rates suddenly as the risk/reward does not make sense for banks/underwriters, many of the marginal projects will collapse.
If we had not (for no clever reason other than needing the cash) sold most holdings at beginning of 2016, it would be looking much worse for us
It will only take one of the 'mega loans' failing on Lendy or Assetz to bring those platforms PF to zero. And if one looks at the auto-allocation accounts, the mega loans get very large allocations. We finally abandoned ship when we realized we had 3-4k exposures in the account to loans we would never trust in direct allocation.
Will keep an eye on the sector for interest, but wish you all well.
I do think platform failure due to large loans failing is a risk - especially as we go into uncertain times. Where abouts are you moving your money too - cash?
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Post by marek63 on Mar 11, 2018 13:29:14 GMT
Just eliminated our last real P2P holdings apart from GBP 32 stuck in Assetz (one 'suspended'), one loan just not selling. GBP 10,000 in TC awaiting administrator to transfer final payments.
At peak (2 years ago) we had almost 400,000 invested across Assetz, Lendy, TC. Scaled that back totally 18 months ago, and luckily missed a lot of failures and disasters in TC and (not yet crystallised failures - a personal view) in Lendy Still got a net of about 3.5% p.a over 2 years. But not worth the risk given the rising interest rate forecasts and the ability of lenders to abandon their obligations in this sector. If the refinancing is not available at manageable rates suddenly as the risk/reward does not make sense for banks/underwriters, many of the marginal projects will collapse.
If we had not (for no clever reason other than needing the cash) sold most holdings at beginning of 2016, it would be looking much worse for us
It will only take one of the 'mega loans' failing on Lendy or Assetz to bring those platforms PF to zero. And if one looks at the auto-allocation accounts, the mega loans get very large allocations. We finally abandoned ship when we realized we had 3-4k exposures in the account to loans we would never trust in direct allocation.
Will keep an eye on the sector for interest, but wish you all well.
I do think platform failure due to large loans failing is a risk - especially as we go into uncertain times. Where abouts are you moving your money too - cash? Yep - waiting for interest rates to gradually rise. Ho hum.
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angrysaveruk
Member of DD Central
binomial
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Post by angrysaveruk on Mar 11, 2018 15:05:08 GMT
I do think platform failure due to large loans failing is a risk - especially as we go into uncertain times. Where abouts are you moving your money too - cash? Yep - waiting for interest rates to gradually rise. Ho hum.
I wouldnt hold your breath on the interest rates. Although I do think a currency crash/inflation spike for debt laden economies in on the card at some point. Best to look at some form of inflation hedge. I have been taking my money out of P2P and going into short leases that are too expensive to renew but with high rental yields.
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johnfleet
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Post by johnfleet on Mar 13, 2018 14:22:39 GMT
If I could - I would pull out of P2P almost entirely. It's just too stressful now. Like others enjoyed the 'boom' years until 18 months ago when Lendy lost the plot completely. Where else to go? - as / when cash is released from P2P I'm heading mostly for the bond market. Not quite the 12 per cent returns but then 12 per cent is now an illusion (delusion?) in reality for most P2P. So far the honourable exception seems to be Ablrate where of my £43K investment only the container loan has gone bad and fortunately my exposure there is under £1K. If / when I get my £50k back from Collateral and the £70K in overdue loans on Lendy ever materialises it won't be reinvested with them!
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Liz
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Post by Liz on Mar 14, 2018 1:53:02 GMT
If I could - I would pull out of P2P almost entirely. It's just too stressful now. Like others enjoyed the 'boom' years until 18 months ago when Lendy lost the plot completely. Where else to go? - as / when cash is released from P2P I'm heading mostly for the bond market. Not quite the 12 per cent returns but then 12 per cent is now an illusion (delusion?) in reality for most P2P. So far the honourable exception seems to be Ablrate where of my £43K investment only the container loan has gone bad and fortunately my exposure there is under £1K. If / when I get my £50k back from Collateral and the £70K in overdue loans on Lendy ever materialises it won't be reinvested with them! I wouldn't put much in bonds because interest rates and especially bond rates will increase from here. All this property noting of money/increase in the money supply has always caused inflation. A lot of companies won't be able to afford the payments when rates rise. One example from yesterday www.thisismoney.co.uk/money/markets/article-5490177/Nearly-400-retailers-struggle-meet-higher-payments.html
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angrysaveruk
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Post by angrysaveruk on Mar 14, 2018 23:56:12 GMT
If I could - I would pull out of P2P almost entirely. It's just too stressful now. Like others enjoyed the 'boom' years until 18 months ago when Lendy lost the plot completely. Where else to go? - as / when cash is released from P2P I'm heading mostly for the bond market. Not quite the 12 per cent returns but then 12 per cent is now an illusion (delusion?) in reality for most P2P. So far the honourable exception seems to be Ablrate where of my £43K investment only the container loan has gone bad and fortunately my exposure there is under £1K. If / when I get my £50k back from Collateral and the £70K in overdue loans on Lendy ever materialises it won't be reinvested with them! That is alot to have tied up in bad loans/failed platforms. I should S-T-F-U about the 500 quid I have locked up in 3 suspended loans on AC at the moment and the small negative return I had in Zopa Plus Do you regret getting into P2P in the first place? Overall P2P has been very profitable for me over the last 5 years with my recent losses being a small percent of my total earnings, but I think there are others who have been less fortunate - and chances are my luck will run out.
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