littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Sept 26, 2016 8:41:56 GMT
I hope this poll might be useful to Collateral. I did not include watches or coins as a separate class, treating them (loosely) as jewelry.
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archie
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Post by archie on Sept 26, 2016 8:50:10 GMT
Maybe add Coins too. Wouldn't change my vote though  |
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jonno
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nil satis nisi optimum
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Post by jonno on Sept 26, 2016 8:51:59 GMT
I hope this poll might be useful to Collateral. An interesting poll topic, but for me not quite as straightforward as it might seem. If you mean preferred on Collateral then it would definitely be jewellery, as its the diversification element that attracts me. But if you mean overall then I think I'd have to stick to property. For the poll, I'll assume it's aimed at informing Collateral, so I'll vote jewellery
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Post by Collateral Rep on Sept 26, 2016 8:56:53 GMT
Thanks littleoldlady , Yes this will be useful to us, our thoughts going forward are to always list jewellery loans and to build on our jewellery partners as this has proved to be a popular asset class for Collateral. However we are now being approached with other asset classes, so it makes sense to add more asset types to the platform along with jewellery, coins, watches and vehicles. We will update on this when we have more details. Many thanks, Gordon |
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arbster
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Post by arbster on Sept 26, 2016 9:47:13 GMT
As for jonno, the attraction of adding Collateral to my portfolio of P2P is the ability to diversify from property and unsecured loans. I've seen FS appear to lose focus somewhat over the past few months and start to offer more and more property loans, most of which are pretty unattractive to me. |
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Forward
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Post by Forward on Sept 26, 2016 10:14:57 GMT
Unable to vote due to choices, my lending preferences are:
Automotive, Coins, Jewellery, Medals, Watches
Art – No
Property – Not on this platform
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ben
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Post by ben on Sept 26, 2016 10:26:30 GMT
I joined for the pawn items too after using FS and them going into property to much. With the rates on offer at collateral I probably would not be interested in more property, Thincats, SS and MT pretty much cover the higher risk rates and I doubt that there is too much left over of a decent quality at that rates, as you have to be pretty picky on there.
I am not bothered about art at all, the asset class is always to much hit and miss, the cars with the types listed most have not been cars that will be adding value so have avoided them (although one or two invested in). I invested in the coins but I do not know enough about them to invest much in them.
Going forward I would be looking at investing more in the jewelley items once collateral has a bit more history behind it and has proven that its modelhas the potential to work, which hopefully should be soon as the orginal loans either start to pay or renew.
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littonowl
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Post by littonowl on Sept 26, 2016 11:14:13 GMT
Like others, I came to Collateral specifically for the diversification into assets other than property and business/consumer loans. Instinctively I like the jewellery, especially as it's underwritten, but as I know very little about it, I try to provide an extra level of security by only investing in the ones with lower LTV's (more wiggle room in event of default!).
However, when more detail is provided on the cars, I probably favour them, as I can also do my own rough valuations based on the going rate on auto-trader etc. that I'm not able to do on jewellery. As long as the collateral valuation matches the 'going rate' and the LTV bakes in enough room for a trade sale in the event of default on the vehicle then I'm happy to invest, especially with the assurance of a trade partner willing to purchase at the loan value, should the need arise.
I'd rather ignore art and novelty items, as they may be more difficult to sell on and may be more prone to trends/fads/fashions...?
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littonowl
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Post by littonowl on Sept 26, 2016 11:25:23 GMT
littleoldlady , thank you for starting this thread, great idea as it'll help Gordon/Collateral to help get the mix right. Appreciated. Collateral Rep , pawn only please with emphasis on Jewelry, coins, medals and works of art, collections and the odd boat here and there would be good too.  It would be totally brilliant to see Collateral become Britain's largest and most respected Pawn Broker, the £resources are available here in a rapidly growing P2X market place to make such a goal achievable and, provided Collateral continue to run a tight ship then it is also very doable from a 'respect' point of view as well.
Please, please no property, no consumer lending and no P2B.Best regards. Very much agree wth these sentiments, magenta14 !
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shuff27
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Post by shuff27 on Sept 26, 2016 12:05:24 GMT
Almost exclusively jewellery (incl watches) for me on CO, although I've picked up a few small vehicle parts when no jewellery available. I don't like coins where the valuation is many times the base metal worth, however rare the valuer says they are.
Am on MT & SS for property.
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Investboy
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Post by Investboy on Sept 26, 2016 15:46:20 GMT
I have no more to say that it was said before.
I've joined this platform specifically to diversify from cars/property and won't be investing in those. What I'm interested here is precious metals, gems, jewelry, watches, ect.
It would be nice if the platform keep the original asset class to differentiate from the others.
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duck
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Post by duck on Sept 26, 2016 16:53:07 GMT
Property is out for me along with art ..... too much in property loans and I'm a philistine when it comes to art.
I like jewellery/gems/watches even though that is hardly my 'specialist subject'. (no jewellery and I don't own a watch)
Coins yes but because I know nothing about the market my bids tend to be lower.
Cars fine with me.
Oddballs I like simply because they make me do a bit of research and usually learn something new.
As a newcomer to CO I can see a good USP being built and if things stay similar to the way that they are at present my investment will continue to grow.
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Post by Mr Baggy on Sept 26, 2016 17:04:14 GMT
My wife says jewelry,so there is my vote...
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hantsowl
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Post by hantsowl on Sept 26, 2016 18:16:17 GMT
Jewellery for me (especially gemstones). Not sure about cars which depreciate in value very quickly. For property and P2B I invest elsewhere. Undecided about art. It would be nice for diversification but I know very little about valuations.
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ben
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Post by ben on Sept 26, 2016 19:24:38 GMT
Jewellery for me (especially gemstones). Not sure about cars which depreciate in value very quickly. For property and P2B I invest elsewhere. Undecided about art. It would be nice for diversification but I know very little about valuations. Art is very hit and miss what might sell for a million one day may not sell the next, except for the rarely rare and famous items the rest is basically luck if will sell or not, and the items offered by the pawn sites are not the valuable one in a million items so I avoid them, with the cars it depends on the type of car there is the expensive cars like MT have that in theory are rare so will increase in the value or the decent cars that hopefully the owner will want back, high quality pricey that would not lose much value over the length of the loan. There has been one or two cars that would not be worth the owner paying to get back so like the property ones you need to pick and choose.
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