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Post by squeezedmiddle on Apr 22, 2022 21:04:20 GMT
I guess we never really talk about actual amounts, but I'm interested in the level of confidence others have in LoanPad? Obviously a large risk to some may be trivial to others, but it is still interesting. I have around £20k with LP and looking to invest quite a lot more, hence the thread. How do forum members feel about LP now? Same level of confidence as when this thread started?
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Post by squeezedmiddle on Apr 22, 2022 21:14:53 GMT
I make it 11% of loans by number, 16.3% of lent funds by value, or 16% of total funds on platform, are either in default or extended. I'm comfortable with that. I've been watching the platform for around 3 years and have seen a great many loans be extended and eventually repay. Loanpad are being paid between 5.5% and 7% on the loans that they've arranged recently. That should be enough fat to be able to keep paying us 4%. I don't see any sign that they are finding any difficulty in getting funds lent out at those rates. The number of lending partners keeps growing. Now up to 6, I think. Ace, how do you get this data please? I used to invest in AC and for what it's worth I used to download the loan book and calculate a few parameters to track, %suspended loans etc. I bailed out of AC in 2019 which was probably more by luck than judgement but I didn't continue to have the same level of confidence. I packed up P2P investing in late 2019. Now I'm looking to get back into P2P and see LP as the best bet for a modest return from a relatively stable looking P2P platform. I'd like to track the sort of stats to which you refer. Thanks
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Post by squeezedmiddle on Apr 22, 2022 21:20:10 GMT
I won't say my specfic holding, but I will say Loan Pad is now my only holding in P2P. It is in the higher 5 digits currently, I'll leave it at that. Very happy with them so far. I am drifting towards the same concentration on this platform (with P2P being a minor portion of my liquid assets). I think the business model is in a class of its own, and would not be surprised to see competitors replicate it in due course. What impresses you about the business model? Thanks
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Post by Ace on Apr 22, 2022 21:28:16 GMT
I make it 11% of loans by number, 16.3% of lent funds by value, or 16% of total funds on platform, are either in default or extended. I'm comfortable with that. I've been watching the platform for around 3 years and have seen a great many loans be extended and eventually repay. Loanpad are being paid between 5.5% and 7% on the loans that they've arranged recently. That should be enough fat to be able to keep paying us 4%. I don't see any sign that they are finding any difficulty in getting funds lent out at those rates. The number of lending partners keeps growing. Now up to 6, I think. Ace, how do you get this data please? I used to invest in AC and for what it's worth I used to download the loan book and calculate a few parameters to track, %suspended loans etc. I bailed out of AC in 2019 which was probably more by luck than judgement but I didn't continue to have the same level of confidence. I packed up P2P investing in late 2019. Now I'm looking to get back into P2P and see LP as the best bet for a modest return from a relatively stable looking P2P platform. I'd like to track the sort of stats to which you refer. Thanks You can download the loanbook from the My Loanbook page. You can then do whatever manipulation you like in a spreadsheet. You would need to sign up first. Happy to help with any particular stats if you need any assistance. In answer to your previous question, I'm very happy with LP. We continue to get evermore diversified over number of loans (now 145) and number of lending partners (now 9). IMO it's the safest P2P platform out there.
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ilmoro
Member of DD Central
'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 Apr 23, 2022 9:34:52 GMT
I make it 11% of loans by number, 16.3% of lent funds by value, or 16% of total funds on platform, are either in default or extended. I'm comfortable with that. I've been watching the platform for around 3 years and have seen a great many loans be extended and eventually repay. Loanpad are being paid between 5.5% and 7% on the loans that they've arranged recently. That should be enough fat to be able to keep paying us 4%. I don't see any sign that they are finding any difficulty in getting funds lent out at those rates. The number of lending partners keeps growing. Now up to 6, I think. Ace, how do you get this data please? I used to invest in AC and for what it's worth I used to download the loan book and calculate a few parameters to track, %suspended loans etc. I bailed out of AC in 2019 which was probably more by luck than judgement but I didn't continue to have the same level of confidence. I packed up P2P investing in late 2019. Now I'm looking to get back into P2P and see LP as the best bet for a modest return from a relatively stable looking P2P platform. I'd like to track the sort of stats to which you refer. Thanks Entirely agree with Ace etc. LP is now the benchmark for a diversified stable low risk, low effort platform. The amount of defaulted or extended loans has increased to 23% currently, though none requiring coverage by the interest fund. 1 default which should be resolved imminently. If your going to sign up to have a look make sure you get a referral code first.
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Post by indexfund on Oct 10, 2022 18:29:12 GMT
Thought it would be a good time to re-visit this thread which I started some time ago. I would imagine that many, like me, have increased their investment with Loanpad. Without necessarily talking actual figures, what is the average total investment for members of this forum? I am now over £100k, most in Premium ISA and standard. Still comfortable enough with LP, but with the tsunami surrounding bonds/swap rates and the cost of living etc it's worth reassessing things.
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Post by df on Oct 10, 2022 19:12:52 GMT
Thought it would be a good time to re-visit this thread which I started some time ago. I would imagine that many, like me, have increased their investment with Loanpad. Without necessarily talking actual figures, what is the average total investment for members of this forum? I am now over £100k, most in Premium ISA and standard. Still comfortable enough with LP, but with the tsunami surrounding bonds/swap rates and the cost of living etc it's worth reassessing things. My LP pot recently decreased. The main reason is following the decrease in other p2p platforms. I don't like overexposure in a single p2p platform. I have no immediate plans to reduce my LP exposure any further, so far the rate (I'm in premium only) is reasonable for what it is.
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Post by Ace on Oct 10, 2022 19:40:05 GMT
Thought it would be a good time to re-visit this thread which I started some time ago. I would imagine that many, like me, have increased their investment with Loanpad. Without necessarily talking actual figures, what is the average total investment for members of this forum? I am now over £100k, most in Premium ISA and standard. Still comfortable enough with LP, but with the tsunami surrounding bonds/swap rates and the cost of living etc it's worth reassessing things. I have 7% of my P2P pot in Loanpad. I'd happily invest much more there if I wasn’t making use of the funds elsewhere. I'd probably go up to 40% if needed, which is more than twice that which I'd be prepared to invest in any other single platform.
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p2pfan
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Post by p2pfan on Oct 10, 2022 20:35:37 GMT
Thought it would be a good time to re-visit this thread which I started some time ago. I would imagine that many, like me, have increased their investment with Loanpad. Without necessarily talking actual figures, what is the average total investment for members of this forum? I am now over £100k, most in Premium ISA and standard. Still comfortable enough with LP, but with the tsunami surrounding bonds/swap rates and the cost of living etc it's worth reassessing things. LP is by far the lowest interest paying P2P platform I invest in, but that's because it seems more safe and secure than other P2P platforms (seems being the operative word). For that reason I have maxed out on their Premium account. However, I, too, have my concerns about all P2P platforms. With the ever-increasing interest rates from FSCS-protected bank accounts and the difference between them and LP's rates thinning, I'm considering reducing the amount I'm investing with LP. I don't think they're being wise in increasing their interest rates by a measly 0.1% or 0.2% at a time when in the past they collapsed them by 0.5% in each swoop on their way down.
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Post by birdie on Oct 11, 2022 7:51:08 GMT
I'm still very happy to stay with Loanpad, I have approx 20% of my investments with them, along with Kuflink they are my two highest P2P investments.
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Post by indexfund on Oct 11, 2022 18:17:30 GMT
Thanks for the replies. I guess we are in a rapidly changing enviroment for interest rates and savings yields, and LP may struggle to keep up whilst maintaining their ultra cautious approach. With Close Bros (via HL savings) now @ 4%+ with £85k over 12 months protection, the pressure really is on LP. I hope they manage to edgee rates up and keep their advantage.
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Post by redpete on Oct 13, 2022 10:11:09 GMT
Problems with mortgage availability & increased mortgage interest rates makes me more nervous about a business with a high proportion of development loans that are depending on properties selling to pay off those loans.
It's a fairly small proportion of my portfolio but I have just changed the interest payments from auto-lend and I will be extracting the payments once a month or so.
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Post by indexfund on May 4, 2024 9:01:45 GMT
Another six months have passed and I was wondering how attitudes to risk have moderated, especially with LP.
Currently my total investment with the platform is at £140k and I am relaxed with that as things stand.
I have another ISA approaching maturity and have to decide LP or not this time. 6.5% premium (2mth) is quite attractive against the competition @ circa 4.7% (1yr+). Or it will go into a corporate bond fund like Royal London's excellent Stirling extra Yield bond Y with dist. yield @ 7.6%, also some principle sum appreciation too for me over the last few years.. And then there is the option of various index funds such as VWRL etc., which have been stellar up to about a month ago.
It is interesting to me that although I really admire LP, their processes and their model; I still ask these questions from time to time. We are in a weird period just now with most asset prices falling (in real terms or simple) and most asset class markets in limbo. House prices still look overvalued in the UK, classic car prices are falling as are vintage watches etc. Stocks are going sideways too, and will continue to do so until the Fed starts to indicate inflation is under control signalling lower interest rates. Locking-in higher yields now might be a good idea?
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Post by barnsleybiker on May 4, 2024 16:58:13 GMT
nice to see this thread being discussed again. Having in-curable blood cancer I am now streamlining all my investments and money shenanigans into one place so when i do leave for "pastures new" my family will have an easy time of getting access to any money I've squirreled away. Its been fun, I've messed about with P to P and bonds etc for many a year but now i find myself throwing the whole lot into Loanpad confident that Loanpad will outlast me plus with real people on the phone withdrawal should be straightforwards.... of course that'll be in way off in the future, i still plan to die of old age!
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Greenwood2
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Post by Greenwood2 on May 4, 2024 17:18:36 GMT
nice to see this thread being discussed again. Having in-curable blood cancer I am now streamlining all my investments and money shenanigans into one place so when i do leave for "pastures new" my family will have an easy time of getting access to any money I've squirreled away. Its been fun, I've messed about with P to P and bonds etc for many a year but now i find myself throwing the whole lot into Loanpad confident that Loanpad will outlast me plus with real people on the phone withdrawal should be straightforwards.... of course that'll be in way off in the future, i still plan to die of old age! So sad you have an incurable disease although these days that can mean many good years to come, good luck for long survival! Your kin will figure it out, why not make as much interest as possible until then?
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