acky
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Post by acky on Aug 31, 2016 8:20:28 GMT
35.6% on one of my accounts which has five figure investment (not counting pence!), but no e-mail. I think that makes Acky the diversity super-villain. My two accounts are also five figures, and so there must be a special class of lender which has been excluded from the emails - as incorrigible perhaps. I will bask in that thought for a while. Thanks for the accolade, blender, it is an honour!
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registerme
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Post by registerme on Aug 31, 2016 11:28:57 GMT
As a result of selling one of my two remaining SME loans I am now up to 81.1% exposure  . |
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jamesc
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Post by jamesc on Aug 31, 2016 15:14:56 GMT
35.6% on one of my accounts which has five figure investment (not counting pence!), but no e-mail. I think that makes Acky the diversity super-villain. My two accounts are also five figures, and so there must be a special class of lender which has been excluded from the emails - as incorrigible perhaps. I will bask in that thought for a while. Sorry Acky I think I might steal that super-villain tag, one of my accounts with a five figure sum has only one loan, even warranted a call & an e mail from Funky Criminals to tell me I should diversify !
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blender
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Post by blender on Aug 31, 2016 15:26:35 GMT
Only if you have no other connection with the borrower, and it's a large proportion of your total FC lending.
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jamesc
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Post by jamesc on Aug 31, 2016 15:47:34 GMT
Only if you have no other connection with the borrower, and it's a large proportion of your total FC lending. No to the first and 42% to the second, does that make me a winner please please ! But knowing my luck the next interest payment is Saturday and my 42% holding will probably go and default, in fact when I got the call from FC that was my first thought that given I had more than 50% of the outstanding I was getting the news in person !!!!
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blender
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Post by blender on Aug 31, 2016 16:32:26 GMT
Having a default does not affect your qualification as a diversity criminal - it just means you have been caught. There are so many claims to the title of top diversity super-villain that I think it will have to go to some sort of tie break or other test. I have been humbled by such reckless lending by others. I am not worthy.
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kt
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Post by kt on Sept 2, 2016 16:39:58 GMT
Do FC see a diversity issue coming down the line?
Have those getting calls any common loans or loan types that might present an issue?
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fasty
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Post by fasty on Sept 2, 2016 17:31:09 GMT
I presume that FC don't want to incur the bad publicity that could happen if even a few people make big losses due to lack of diversity.
My Dad got the naughty boy email because around 10% of his holding is spread across several tranches of one property loan. On the other hand, I haven't had the email despite having a larger investment and 3% in one property loan.
Go figure.
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bloodycat
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Post by bloodycat on Sept 2, 2016 18:51:12 GMT
Do FC see a diversity issue coming down the line? Have those getting calls any common loans or loan types that might present an issue? Mine appears to be due to a few too many surrey property loans (encouraged by cashback). Perhaps I ought to sell some though I've already got a large proportion of my money in FC sitting idle with nothing worth investing in.
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Post by nightmare on Sept 5, 2016 7:48:24 GMT
You are currently lending to 291 businesses (1739 loan parts) totalling £xx,xxx.xx. Your maximum exposure to any one business is 17.0% of your current amount lent.
OK I admit it I'm a big time diversity criminal but it's reducing all the time it was nearly 20% on Friday.
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blender
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Post by blender on Sept 5, 2016 8:02:20 GMT
They have caught up with Mrs Blender with the emails now. Dire warnings that the 12% return over 2.5 years with zero losses is based on an unsafe portfolio. I suppose they are doing their job of looking after the investors. As long as it stops there.
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