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Post by clarcombe on Mar 20, 2015 11:50:42 GMT
Previous to my last thread, I have decided to fund my account and am looking to invest in loan 155 21****** Ltd. I have looked on the board but I cannot find anyone else having discussed this company.
It seems reasonable to me with a very low LTV. I assume they need cash to improve cashflow for waiting for invoice payment.
1) Is there a thread dedicated to 155
2) Are there any other loans I should be looking at ?
Thanks in advance
Colin
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bugs4me
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Post by bugs4me on Mar 20, 2015 11:55:38 GMT
Previous to my last thread, I have decided to fund my account and am looking to invest in loan 155 21****** Ltd. I have looked on the board but I cannot find anyone else having discussed this company. It seems reasonable to me with a very low LTV. I assume they need cash to improve cashflow for waiting for invoice payment. 1) Is there a thread dedicated to 155 2) Are there any other loans I should be looking at ? Thanks in advance Colin If you logon to your AC account and then click on #155 - go to the Q&A tab. You will find there have been many questions asked by (potential) lenders and answered (by AC). Should be a good start. Hope that helps
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Post by batchoy on Mar 20, 2015 12:24:05 GMT
Previous to my last thread, I have decided to fund my account and am looking to invest in loan 155 21****** Ltd. I have looked on the board but I cannot find anyone else having discussed this company. It seems reasonable to me with a very low LTV. I assume they need cash to improve cashflow for waiting for invoice payment. 1) Is there a thread dedicated to 155 2) Are there any other loans I should be looking at ? Thanks in advance Colin If you logon to your AC account and then click on #155 - go to the Q&A tab. You will find there have been many questions asked by (potential) lenders and answered (by AC). Should be a good start. Hope that helps I would also recommend you read up on #146 as well as this will give you some insight into why so much of #155 remains available, and why you should think carefully about how much you invest in #155
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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 Mar 20, 2015 12:40:09 GMT
If you logon to your AC account and then click on #155 - go to the Q&A tab. You will find there have been many questions asked by (potential) lenders and answered (by AC). Should be a good start. Hope that helps I would also recommend you read up on #146 as well as this will give you some insight into why so much of #155 remains available, and why you should think carefully about how much you invest in #155 There is a small #155 thread on the private AC board which you may wish to sign up to. The instructions for doing so are at the top of the AC board. The private board allows decision of loans in more detail as it is not visible to the general public
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Post by clarcombe on Mar 20, 2015 12:42:08 GMT
Yes, I did read about 146. In fact I have read all of the failures. I am keeping investment levels small and am wondering whether to do a hit and hope across several or try and "guess" the best investment.
Its really a minefield.
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bugs4me
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Post by bugs4me on Mar 20, 2015 12:55:24 GMT
Yes, I did read about 146. In fact I have read all of the failures. I am keeping investment levels small and am wondering whether to do a hit and hope across several or try and "guess" the best investment. Its really a minefield. I wouldn't take the scatter gun approach - be selective. Take the advice from ilmoro and sign up to the AC Private Board. There's no rush to invest in anything unless you are comfortable with that particular investment. Idle funds are better than lost funds. Feel free though to ask away as there's a wealth of experience on this forum.
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jonno
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Post by jonno on Mar 20, 2015 12:56:02 GMT
Yes, I did read about 146. In fact I have read all of the failures. I am keeping investment levels small and am wondering whether to do a hit and hope across several or try and "guess" the best investment. Its really a minefield. I wouldn't advise either of those strategies per se. It is advisable to "spread your bets" ,but I wouldn't just carpet bomb everything, nor try and pick a small number of "winners". My best advice would be to do as much DD as possible and try your best to AVOID losers rather than select winners. Nonetheless I do have a small stake in 146 so I might be talking sh*te.
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bg
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Post by bg on Mar 20, 2015 14:03:46 GMT
You can over think these things.
We don't have a great amount of information to really analyse each individual propositition. How can we tell if it's really a good business by a short credit report?
I would say there is merit to a scatter gun approach providing you get enough diversification. If you don't want to stress reading loads of reports/threads then spreading your money over a number of loans is a hassle free way of getting invested - and you will get a decent return.
I'm happy to spread smaller amounts over pretty much any loan (with just a cursory glance) while researching my bigger investments.
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thebillet
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Post by thebillet on Mar 20, 2015 14:42:11 GMT
bugs4me says "Idle funds are better than lost funds" the best and most succinct piece of advice I have read here. Thank you.
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jonno
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nil satis nisi optimum
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Post by jonno on Mar 20, 2015 14:52:04 GMT
You can over think these things. We don't have a great amount of information to really analyse each individual propositition. How can we tell if it's really a good business by a short credit report? I would say there is merit to a scatter gun approach providing you get enough diversification. If you don't want to stress reading loads of reports/threads then spreading your money over a number of loans is a hassle free way of getting invested - and you will get a decent return. I'm happy to spread smaller amounts over pretty much any loan (with just a cursory glance) while researching my bigger investments. Nah. I know at various points I'm going to lose some capital; But I'm damn well going to do everything I can to minimise it rather than just trust the platform and risk my hard earned on the basis of a "cursory glance"
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bigfoot12
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Post by bigfoot12 on Mar 20, 2015 14:55:34 GMT
... whether to do a hit and hope across several or try and "guess" the best investment. I think that this is one of the main dilemmas in all investing. Whether or not to try to pick the best investments, or just go for some market average portfolio. In stock markets I go for the diversified approach, but these are deep markets with good price discovery (even if they aren't perfect). If I was starting again from scratch I would read some of the documents, because I think that you need to do this to work out if any given platform is one you want to be part of. The loans I like I would invest in, and the ones I don't like I would invest £1 in (this is easy on AC, but hard on other platforms, some of which have much higher minimum investments). This way I would get all the notifications for all the loans and a better idea how a platform is doing. Then after a year or so it would be easy to see how my performance compared to the average. (You could also keep a spreadsheet with a list of loans you read the details and decided against.) With a small number of loans that performance might be dominated by luck, but at least it is a starting point. Of the platforms like AC I would concentrate on one or two until I had a good idea what I liked and didn't like.
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bg
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Post by bg on Mar 20, 2015 15:13:22 GMT
You can over think these things. We don't have a great amount of information to really analyse each individual propositition. How can we tell if it's really a good business by a short credit report? I would say there is merit to a scatter gun approach providing you get enough diversification. If you don't want to stress reading loads of reports/threads then spreading your money over a number of loans is a hassle free way of getting invested - and you will get a decent return. I'm happy to spread smaller amounts over pretty much any loan (with just a cursory glance) while researching my bigger investments. Nah. I know at various points I'm going to lose some capital; But I'm damn well going to do everything I can to minimise it rather than just trust the platform and risk my hard earned on the basis of a "cursory glance" There's not a lot you can do other than trust the platform though. All you can do is look at the information on it. It's hard to go further and do your own research. If the credit report says stock is worth £x then you can't do much other than rely on it.
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bugs4me
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Post by bugs4me on Mar 20, 2015 15:40:41 GMT
Nah. I know at various points I'm going to lose some capital; But I'm damn well going to do everything I can to minimise it rather than just trust the platform and risk my hard earned on the basis of a "cursory glance" There's not a lot you can do other than trust the platform though. All you can do is look at the information on it. It's hard to go further and do your own research. If the credit report says stock is worth £x then you can't do much other than rely on it. Agree partially but there's often a great deal of research you can do especially if you have the names of one or two of the borrowers. Whilst it's still only surface level stuff sometimes (although rarely fortunately) a director has less than a desirable past. So I stop there and move on. Okay, it's no guarantee but as I wouldn't loan that individual a quid down the pub expecting to get it back then there's no way I'll commit to his/her proposal. Depends what the stock is as to how I value it. Often the stock is only of value to the business concerned. In the auction rooms assuming the worst comes to the worst it's pennies in the pound. Plant and machinery I've seen going for scrap value. So there you go clarcombe - several different points of view - hopefully helpful and none of them wrong IMO. Just keep to whatever investment strategy you feel the most comfortable with.
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Post by lynnanthony on Mar 20, 2015 15:42:06 GMT
There's not a lot you can do other than trust the platform though. All you can do is look at the information on it. It's hard to go further and do your own research. If the credit report says stock is worth £x then you can't do much other than rely on it. Well, you can for instance look at the company (for free) on Duedil or Company check. See who the directors are, see what else they've been involved in. How old they are (I have a thing against aged directors). Doesn't take long. You can also apply some basic thoughts about the business sector in general. Do most of these businesses survive long enough to pay back say a five year loan? (I'm thinking of restaurants in particular here but there are others.) Ongoing, analyse every failure you come across. Why was I / why wasn't I in that loan?
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Post by jevans4949 on Mar 21, 2015 0:56:07 GMT
Jeff's Life Lesson #1: You can only make decisions on information available to you at the time.
Assetz obviously do a lot more work than we could ever see, and they wouldn't offer us a loan unless they were reasonably happy about it. Indeed, in the past, some loans have been pulled before drawdown when fresh information came to light through lenders' due diligence.
You can make your own assesment as to the likelihood of the borrowwer's plans reaching fruition, and to some extent on the borrower's character (EDIT: Does he have a history of financial failures in the past - but on the other hand, were they the fault of somebody else), but the future is always an unknown. In the most extreme example, the borrower died mid-way through his project, and we had to wait while his estate was liquidated - must have been tougher on his heirs, though.
So I would recommend a small amount on each loan (depending on your perception of small; might be £100 or £100,000), but always read the label, as they say on the headache pill ads.
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