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Post by GSV3MIaC on Apr 15, 2018 7:31:32 GMT
It's not very liquid though .. either easy to sell, or easy to buy, but never both, unlike ABL manual loans where you can change the price to achieve either or both.
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Post by fatbritabroad on Apr 15, 2018 15:44:19 GMT
That is a pain not knowing how long until invested. I assume someone has requested that as a fix from ablrate?
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Post by Ace on Apr 15, 2018 16:01:04 GMT
That is a pain not knowing how long until invested. I assume someone has requested that as a fix from ablrate? I asked ABLrate about this about a month ago. Their response was:
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Post by ladywhitenap on Apr 15, 2018 16:24:08 GMT
That is a pain not knowing how long until invested. I assume someone has requested that as a fix from ablrate? I asked for a 2D graph to show balance variations over time so that we could get some sort of idea of movements and take a punt as to which way it might go. First time round they asked me to explain what I meant and when I did, nothing happened. So for now I'm sticking with manual loans which the OP does not want. Other than a few niggles I quite like ABL but I'm close to max investment until we get some fresh borrowers to improve diversification. LW
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Post by ladywhitenap on Sept 6, 2018 17:00:15 GMT
ABL's DD tends to be good and they are quite proactive when there is the slightest sign of a problem.
They have been through a phase of too many loans with the same or related borrowers but to be fair none of those have gone bad.
The rate of new loans is poor although there is one today (mixed response to the security) and several other due soon.
The secondary market works very well. They have an easy to use IFISA
Sorry no experience of FC
HTH
LW
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Post by Ace on Sept 6, 2018 17:29:09 GMT
Nicely summed up LW. I agree on all points.
FWIW, it's currently my favourite platform. It's also my most profitable non-euro platform, though still less than a year in for me, so probably a bit soon to draw conclusions.
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Post by df on Sept 6, 2018 18:58:17 GMT
I think there aren't any of these now, but I have a similar question about ABL in general. I’m in some of the "less" risky P2Ps AC/RS but was considering branching out a bit with Abl or FS for some surplus funds – FS looks pretty dire from what I’ve been reading here, but what do people think is the better choice? I'm investing on both for the same period of time, FS for quantity and Abl for quality. Hence, I have more funds in FS but my return percentage is much higher in Abl. IMO, Abl is a better step for branching out than FS.
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