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Post by gravitykillz on Dec 21, 2018 22:04:22 GMT
4% interest on oc ? I can get 5% or more on ratesetter and 6.5% on lending works on their 5 year and they have provision funds. Why should i invest with octopus at 4% ? Even growth street offers 5% !
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Dec 21, 2018 22:16:31 GMT
4% interest on oc ? I can get 5% or more on ratesetter and 6.5% on lending works on their 5 year and they have provision funds. Why should i invest with octopus at 4% ? Even growth street offers 5% ! Diversification, institutional size of backer, skin in game, potential short term liquidity?
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macq
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Post by macq on Dec 21, 2018 23:09:33 GMT
you could also phrase it as why invest in RS or LW as you can get 12% with others but guess its about spreading your money As a family we are in all 3 plus a couple of other black box accounts and would compere OC more to the RS rolling rate then 1 or 5 year rates on either RS/LW and its not like you don't have to work to get better rates on RS (many are probably getting less on market rate then on OC) and there's plenty of posts about cash drag on LW so each may have their faults. But for the sake of fairness it should be pointed out that some feel they have less loans then they want on OC or money could be tied in defaults for a while but then they do have skin in the game which works a bit like a provision fund
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Post by Financial Thing on Jan 7, 2019 16:26:42 GMT
4% interest on oc ? I can get 5% or more on ratesetter and 6.5% on lending works on their 5 year and they have provision funds. Why should i invest with octopus at 4% ? Even growth street offers 5% ! Many good reasons to invest through OC. What impressed me most was their operation. They have substantial financial backing as they are a part of the Octopus Group which is a substantial company with businesses in tech development, financial fund management, healthcare and electricity. They also operated profitably for the 2018 tax year. Watch my video tour of their office or better yet, go and visit them. While interest rates are important, I think solely looking at interest rates is shortsighted. Diversification is key. Ask us Collateral investors.
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Post by gravitykillz on Jan 8, 2019 10:15:34 GMT
4% interest on oc ? I can get 5% or more on ratesetter and 6.5% on lending works on their 5 year and they have provision funds. Why should i invest with octopus at 4% ? Even growth street offers 5% ! Many good reasons to invest through OC. What impressed me most was their operation. They have substantial financial backing as they are a part of the Octopus Group which is a substantial company with businesses in tech development, financial fund management, healthcare and electricity. They also operated profitably for the 2018 tax year. Watch my video tour of their office or better yet, go and visit them. While interest rates are important, I think solely looking at interest rates is shortsighted. Diversification is key. Ask us Collateral investors. Lenders only care about the returns on their investment. It does not matter how swanky their offices are. In regards to the size of the business are you saying octopus group will guarantee the investments made by the lenders of their p2p division ? If not it is irrelevant. Also i am curious have any investors lost any money investing with oc at the amazing rate of 4% (sarcasm) ?
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macq
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Post by macq on Jan 8, 2019 10:55:25 GMT
Having been getting 4.25% and not lost with OC but like all P2P guess it has the chance to change and would agree about offices etc but at least as a company separate to the p2p side they have been in the market for a while.To be fair others pay the same (or in the case of Landbay less) but you have the same or lower on RS rolling and market rates on 1 & 5 years at times,AC pay the same on quick access,LW were paying about 4% on 3 years not that long back and Zopa core is not much better. Guess its just about about getting a spread and a black box account for many rather then monitoring some of the 12% loans and is probably easier to market to the general public
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iren
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Post by iren on Jan 9, 2019 1:25:39 GMT
If it were to be that the P2P operation became unprofitable, or outright failed, Octopus would still have a reputation to protect and I expect would run off the business themselves rather than enter it into an expensive and long running administration. I regard this as valuable, particularly as someone caught up in the Collateral fiasco.
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Post by Financial Thing on Jan 9, 2019 16:51:21 GMT
Many good reasons to invest through OC. What impressed me most was their operation. They have substantial financial backing as they are a part of the Octopus Group which is a substantial company with businesses in tech development, financial fund management, healthcare and electricity. They also operated profitably for the 2018 tax year. Watch my video tour of their office or better yet, go and visit them. While interest rates are important, I think solely looking at interest rates is shortsighted. Diversification is key. Ask us Collateral investors. Lenders only care about the returns on their investment. It does not matter how swanky their offices are. In regards to the size of the business are you saying octopus group will guarantee the investments made by the lenders of their p2p division ? If not it is irrelevant. Also i am curious have any investors lost any money investing with oc at the amazing rate of 4% ? I can't speak for all lenders but many investors I know care about capital preservation and diversification. Octopus Group does not guarantee anything, nor does any investment company. Octopus Choice invests their own capital into each loan. Swanky offices aren't important but I've been to p2p companies who are operating in a small basement room and I know where I feel more comfortable parking my money. 4% isn't breaking any return awards, but financial stability means everything. OC % spreads between borrower and lender are transparent and aren't high. I think investing at lower rates for stability as part of a diversified portfolio is very sensible.
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Post by gravitykillz on Jan 12, 2019 21:01:06 GMT
Lenders only care about the returns on their investment. It does not matter how swanky their offices are. In regards to the size of the business are you saying octopus group will guarantee the investments made by the lenders of their p2p division ? If not it is irrelevant. Also i am curious have any investors lost any money investing with oc at the amazing rate of 4% ? I can't speak for all lenders but many investors I know care about capital preservation and diversification. Octopus Group does not guarantee anything, nor does any investment company. Octopus Choice invests their own capital into each loan. Swanky offices aren't important but I've been to p2p companies who are operating in a small basement room and I know where I feel more comfortable parking my money. 4% isn't breaking any return awards, but financial stability means everything. OC % spreads between borrower and lender are transparent and aren't high. I think investing at lower rates for stability as part of a diversified portfolio is very sensible. Which p2p companies are operating in small basement rooms ?
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Post by gravitykillz on Jan 12, 2019 21:49:18 GMT
I am sceptical. But i have opened an account and put £100 just to test it.
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Post by gravitykillz on Jan 13, 2019 8:23:33 GMT
I am fully expecting to have 40% worth of defaults within 6 months.
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jcb208
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Post by jcb208 on Jan 13, 2019 8:48:31 GMT
Invested a small amount with them 2 years ago and not added since due to the low interest rate of about 4.1% .I can only now have access to 95% of my money as the rest it either late or defaulted ,have started withdrawing
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macq
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Post by macq on Jan 13, 2019 13:04:23 GMT
95% is pretty good as i'v been as low as 84% (and back to 98 so guess so far late's etc have been sorted so far)
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Post by gravitykillz on Jan 13, 2019 16:33:24 GMT
Maybe i should make a withdrawal asap while i still can.
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Post by gravitykillz on Jan 13, 2019 16:37:04 GMT
I kind of understand where the money for all there swanky offices comes from now.
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