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Post by Financial Thing on Dec 14, 2015 18:05:09 GMT
I've been investing in P2P for a while now and I'm a little ashamed to admit it's all become too much.
I've found that my hours spent reading, watching, tinkering and investing have increased. The issue is, I enjoy doing it, but lately I've been feeling that increasing compulsion to log into the different accounts to look things over.
This time could be better spent on such things as going outside, career improvement, earning extra income, spending more time with family and friends. At the end of the day, you come into this world and leave the same way and we all know you can't take anything with you.
So my question, do others experience this same P2P compulsion and if so, how do you overcome?
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adrianc
Member of DD Central
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Post by adrianc on Dec 14, 2015 18:44:20 GMT
This time could be better spent on such things as ... earning extra income <scratches head> As for "going outside" - there's an app for that.
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Post by wildlife2 on Dec 14, 2015 19:02:55 GMT
I don't have an outside toilet, so I'm ok. ( This reminded me of the days when my grandmother only had an outside toilet in the back yard, next to the coal shed  )
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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 Dec 14, 2015 20:18:26 GMT
Yes. Got a job to distract me & fund my habit. Isnt working out, keeping missing all the fun |
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ben
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Post by ben on Dec 14, 2015 21:39:39 GMT
I have invested far more in stocks and shares then I have p2p but I spend far more time playing around with my p2p accounts
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Post by mrclondon on Dec 14, 2015 22:28:21 GMT
Hi, I'm mrc and I'm a p2p addict 
For a long time FC were claiming the long term return after capital losses across the whole loan book was 6.5%. I gave up investing at FC for a number of reasons, including "too time consuming" to research and select the loans I felt would beat the average. My XIRR at FC is 6.45% since launch in 2010 so I have done no better than total diversification across the whole loan book would have achieved.
We might think we can sort the wheat from the chaff, but can we really ? (Does time spent on research really yield an edge ?)
Is there a point where further diversification offers no great benefit ? (Does time spent on a large number of platforms really provide extra protection ?)
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am
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Post by am on Dec 15, 2015 13:40:56 GMT
I have invested far more in stocks and shares then I have p2p but I spend far more time playing around with my p2p accounts Same here, but one of my reasons for spending time on P2P is to reduce the temptation to overtrade on equities.
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Post by mrclondon on Dec 15, 2015 15:45:47 GMT
Following on from my earlier couple of question a self confessed p2p addict should ask, here is a third:
To what extent does a liquid secondary market render due diligence irrelevant ? (Would time be better spent selling loans [at fair price not best price] long before the maturity date)
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am
Posts: 1,495
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Post by am on Dec 15, 2015 16:46:38 GMT
Following on from my earlier couple of question a self confessed p2p addict should ask, here is a third:
To what extent does a liquid secondary market render due diligence irrelevant ? (Would time be better spent selling loans [at fair price not best price] long before the maturity date) That only works if the risk on loans is backloaded. But we were recently told that the riskiest period of a RateSetter loan was towards the start of the loan.
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ben
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Post by ben on Dec 15, 2015 16:50:04 GMT
Following on from my earlier couple of question a self confessed p2p addict should ask, here is a third:
To what extent does a liquid secondary market render due diligence irrelevant ? (Would time be better spent selling loans [at fair price not best price] long before the maturity date) That only works if the risk on loans is backloaded. But we were recently told that the riskiest period of a RateSetter loan was towards the start of the loan. If they are only paying interest on the loan then I would guess was more risky towards the end then if they had been repaying capital too.
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stevio
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Post by stevio on Dec 15, 2015 17:36:14 GMT
Following on from my earlier couple of question a self confessed p2p addict should ask, here is a third:
To what extent does a liquid secondary market render due diligence irrelevant ? (Would time be better spent selling loans [at fair price not best price] long before the maturity date) Its like buying a house, you profit is made when you buy, not sell. You have to select the right investment, even if you want to just sell it on.
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Post by mrclondon on Dec 15, 2015 18:29:00 GMT
That only works if the risk on loans is backloaded. But we were recently told that the riskiest period of a RateSetter loan was towards the start of the loan. Its like buying a house, you profit is made when you buy, not sell. You have to select the right investment, even if you want to just sell it on.
Both valid points. However I'm coming at this from the angle of not maximising return, but asking is it possible to make a "good" return with limited time input.
On SS/FS*/MT/AC anything more than say 6 weeks from maturity will sell almost immediately (* FS at par, or if correctly priced with a 1 or 2% discount). On SS/FS/MT the risk of a loan defaulting before the maturity date is almost zero; as is the case with some AC & TC loans. Yes there will be a few defaults, but that may be a price worth paying.
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Post by westonkevRS on Dec 15, 2015 20:55:31 GMT
So my question, do others experience this same P2P compulsion and if so, how do you overcome? I got a job at a P2P firm, that way I could spend every waking hour immersed in the sharing community without any guilt whatsoever....
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gnasher
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Post by gnasher on Dec 17, 2015 17:15:38 GMT
We might think we can sort the wheat from the chaff, but can we really ? (Does time spent on research really yield an edge ?)
Good question MrC, but a better question is "Can I sort the wheat from the chaff"? I have no doubt that some people with better business and accounting skills than myself, and with plenty of time, can swing things in their favour. But can I? Increasingly I find that I simply cannot be arsed to read all the documentation thoroughly, because even if I do I am not convinced that I am really making a better decision as a result. I have always participated in p2p on a basis that a platform average is all that I am after. I prefer first charges, lower rates of interest and plenty of diversification to protect me from my own incompetence. 3+ years in, it is all going rather well. So no regrets.
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ablender
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Post by ablender on Dec 18, 2015 4:01:58 GMT
Going back to the first poster, I compare this with online games, and time used trawling ebay. Games are a total waste of time. Ebay, one ends up spending all the money one can lead their hand on if hooked up. This, at least I can have fun and have the possibility of getting a return. The amount of time I spend is more on this forum rather than the platforms themselves. (Bad forum.  ) |
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