registerme
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Post by registerme on Dec 9, 2016 16:48:34 GMT
So what are your three main P2P concerns for 2017? Mine are:-
1. The risk of platform failure.
2. Complacency on my part re loan selection.
3. General economic risks (possibly exacerbated / made more volatile by Trump / Brexit / the EU's various woes etc).
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kaya
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Post by kaya on Dec 9, 2016 16:52:17 GMT
With only 22 days left, I have no worries at all for 2016! - (except perhaps a default or two at FC.)
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registerme
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Post by registerme on Dec 9, 2016 17:04:34 GMT
Doh. Thanks kaya I'll correct my post  . |
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fasty
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Post by fasty on Dec 9, 2016 17:27:57 GMT
My greatest concern would be failure of a significant platform, with a consequential saturation of the secondary markets elsewhere as confidence is lost.
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fp
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Post by fp on Dec 9, 2016 19:39:11 GMT
1. Several platforms gaining approval to offer ISA wrappers. 2. People transferring transferring a wall of cash from equity to those P2P platforms. 3. Rates dropping like a rock. And the other two?
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jonah
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Post by jonah on Dec 10, 2016 9:45:08 GMT
1. Several platforms gaining approval to offer ISA wrappers. 2. People transferring transferring a wall of cash from equity to those P2P platforms. 3. Rates dropping like a rock. At the same time as 1, several popular platforms being denied full fca approval and the exit rush this would cause. I suspect the p2p landscape in 12 months could be very different, several less platforms, rates down across the board and probably defaults up due to changing macroeconomic health. If only there was some where else to invest...
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james
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Post by james on Dec 10, 2016 10:49:06 GMT
So what are your three main P2P concerns for 2017? Lets see: 1. the FCA seems to have terminated the ability to put new pension money into P2P by a combination of its warning about unregulated investments in general (even though P2P is regulated) and the silliness of the most commonly used P2P pension provider that was bought by a firm doing offshore property development a few years ago. 2. the FCA introduced a rule saying that money taken out of a pension pot won't count towards the high net worth asset requirement. And applied it to existing pension pots where the money - like mine - may have been put in knowing that it would count. 3. the FCA seems to have terminated the interest only mortgage market so I can't readily switch from my current provider. Or maybe that's just one. The FCA and what it might do to screw things up with well-meaning intentions to protect people that hurt those who don't need the protection. It's the FCA that has the ability to destroy more platforms than all the likely business failures of platforms combined.
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Liz
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Post by Liz on Dec 10, 2016 13:54:14 GMT
Financial crisis
Platform failure
Death
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Post by easteregg on Dec 10, 2016 16:32:50 GMT
So what are your three main P2P concerns for 2017? Mine are:- 1. The risk of platform failure. 2. Complacency on my part re loan selection. 3. General economic risks (possibly exacerbated / made more volatile by Trump / Brexit / the EU's various woes etc). I think for the first time the risk of FCA denying full authorisation to one or more platforms exceeds the general platform risk, given the response from the FCA this week. Either of these two risks could cause serious effects to the industry. My third risk is the opposite where a wall of ISA money reduces rates to such an extent that the reward is not worth the risk.
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kaya
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Post by kaya on Dec 10, 2016 16:48:42 GMT
My main concern would be general financial meltdown/collapse  - but I think we are safe for another year or two yet. |
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agent69
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Post by agent69 on Dec 10, 2016 17:10:32 GMT
So what are your three main P2P concerns for 2017? Mine are:- 1. The risk of platform failure. 2. Complacency on my part re loan selection. 3. General economic risks (possibly exacerbated / made more volatile by Trump / Brexit / the EU's various woes etc). reduces rates to such an extent that the reward is not worth the risk. Thought we were well on the way to this already!
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Post by newlender on Dec 10, 2016 18:50:55 GMT
No, we're actually there if you look at the rate that RS are offering (sorry, their borrowers are offering) on 5 year loans.
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trevor
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Post by trevor on Dec 11, 2016 13:07:06 GMT
1. Risk of platform failure
2. Risk of platform failure
3. Risk of platform failure
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bigfoot12
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Post by bigfoot12 on Dec 11, 2016 20:26:16 GMT
1. Risk of platform failure, in particular if many platforms are authorised and a few aren't.
2. Platforms over promising and then not delivering.
3. Risk of losses being significantly higher than I anticipate, perhaps because the economy struggles.
I am not worried about a wall of money hitting P2P and dropping rates, because I am already reducing my P2P exposure - I think that the best times are behind us. If rates fall further my exit will be quicker and on some platforms with a capital gain!
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Post by Financial Thing on Dec 13, 2016 11:20:53 GMT
1. Platform failure
2. Where to put excess cash when the rates no longer are worth the risk
3. Heinz baked beans shortage
I'm hoping the stock market will correct at just the right time to be able to transition from p2p, more into equities
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- but I think we are safe for another year or two yet. 
