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Post by martin44 on Aug 28, 2017 8:40:06 GMT
Honesty is the best policy.... Keep up the good work MoneyThing. (take note other platforms)
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trevor
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Post by trevor on Aug 28, 2017 9:19:54 GMT
I have bent my diversification rules and have more investment in MT than I should because of your contribution which gives me confidence in your platform. Please stay Ed.
P.S. It was inevitable that you would have loan failures. I have not panicked and withdrawn all my money. My view is to continue to invest to recoup my losses.
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oldtimer
Member of DD Central
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Post by oldtimer on Aug 28, 2017 9:26:54 GMT
I have bent my diversification rules and have more investment in MT than I should because of your contribution which gives me confidence in your platform. Please stay Ed. P.S. It was inevitable that you would have loan failures. I have not panicked and withdrawn all my money. My view is to continue to invest to recoup my losses. Agree wholeheartedly, please stay.
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11025
Member of DD Central
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Post by 11025 on Aug 28, 2017 9:41:41 GMT
Ed ,
Echoing the voice of others - do not for one minute think of stopping your valuable contributions to this platform ,
Myself and my wife have been with you since the early days at the start of 2015 . It was your availability and hands on approach from the start that appealed and helped us to make decisions which involved much more being invested here than elsewhere . When a question was raised - even a difficult one the response was quick and candid , and this behaviour was noticed and inspired confidence.
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woodie
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Post by woodie on Aug 28, 2017 10:59:01 GMT
I've been with MT since May 2015 and had the pleasure of meeting Ed in July 2015.
There have been a very few loans in which I haven't invested but they are all ticking along nicely so what do I know.
I know sentiment shouldn't come into investing but Ed's a really nice guy whom I trust 100%.
There will probably be losses, what can we expect on 12% loans, and hindsight is a wonderful thing.
Please stay, what more can I say.
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m2btj
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Post by m2btj on Aug 28, 2017 11:36:34 GMT
I recently engaged in a constructive dialogue (thru this platform) with a senior member of the AC team. I made the point that platform communication & management of information is critical to the long term development of any P2P platform. I was thinking of you when I made this point Ed...you have set the gold standard! In fact, some P2P review sites actually score platform communication as a huge positive. I too have read Chinese whispers in a number of threads & they always seem to gain momentum leading to a dramatic impact on the success of a deal. I will continue to make my OWN informed decisions & continue to trust your judgement. In the meantime, I look forward to your continued & valued participation in this forum.
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GeorgeT
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Post by GeorgeT on Aug 28, 2017 14:05:53 GMT
Probably one of the main factors making me currently question whether I should contribute is when I see some vocal people on here critique a particular loan and then make some comment to the effect that “for these reasons, I am out”, and yet on a number of occasions this does not correlate with their investment decision on the platform. This I cannot understand; for who’s benefit or to what end is someone stating they wont participate in a loan and perhaps suggest others shouldn’t either and then invest in it themselves anyway. The only conclusion I have come up with is they wish to earn the respect of others on the forum by giving opinions which would prove popular rather than reflecting their own opinion. I drew this conclusion about certain, vocal forum participants a long time ago. It was obvious to me that some use this forum as either a) a financially self serving mechanism whereby they make a big deal of a loan triviality they have dug up, say they won't touch it with a bargepole, ridicule those who say they like the loan and are investing in it - all to try and reduce demand so they get a bigger slice or b) because being a 'big name' on an internet forum gives them a feeling of power and superiority owing to some sort of personality deficiency. My policy is to ignore all the doom mongers and do what I think is right and manage my own risk. Unfortunately I have found it is often true in life that those who are the most vocal and outspoken have the least to say. As regards engaging with the forum, I would recommend putting your personal and professional wellbeing at the top of the agenda. If reading comments on here sometimes frustrates you then don't read them. If replying sometimes leads to more questions and moans then don't engage here. The best thing about the internet is that you don't have to look at what you don't want to look at it. Don't let 'strangers' mess up your day. As long as you maintain good communications to investors through emails and updates on the MT website, that's good enough for me. I am sure most MT investors don't read this forum. They have better things to do. I think it was valuable and a good move that you engaged with the forum in the early days - that increased MT brand awareness, built confidence and rapport and helped your business grow. Now MT is an established big player I think it's far less important.
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dermot
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Post by dermot on Aug 30, 2017 13:25:09 GMT
Well, MoneyThing i would be very sorry if you stopped/reduced your exposure on this forum, it is one of the reasons behind you being the second biggest recipient of my P2P funds. I would be far less likely to invest further - and maybe even reduce exposure, if you had a significantly smaller presence here; it is one of the things that differentiates MT from a number of other platforms. Assetz, for example, have a subforum only available to actual investers, rather than general members. This does seem to have had the effect of raising the standards of postings there, compared to the general forum. If you find the ninnies, naysayers and generic trolls too irritating, maybe looking at something similar might help by restricting membership to the more sensible among us ... or if it got really bad, perhaps only to those with a certain minimum investment?
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invester
P2P Blogger
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Post by invester on Aug 31, 2017 8:39:32 GMT
To be quite honest I think Ed knows that customer engagement is one of the things that MoneyThing does well. It has been verbalised numerous times in the forum that people appreciate it.
I can't help thinking that this is some kind of 'tone it down or I'm off' warning to those naysayers.
It'll be bitterly disappointing if Ed goes because that seems to me to just follow the chain of events at FC/SS, start off doing all the warm, 'l'm one of you' stuff then end up running off when people have difficult questions that need answering.
The fact is that most P2P loans, implicit in their interest rate carry relatively high degrees of risk, so there will always be people who won't partake. And in how many cases can the investment decision of a forum member be definitely confirmed from a post? For example, can you tell what I have invested in?
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Post by chielamangus on Aug 31, 2017 10:28:55 GMT
I reckon Ed MoneyThing has got the drift of sentiment here (with which I wholeheartedly agree) so I'll not add it. But I will make the general comment that I have always thought anonymity in public internet discussions can be quite pernicious. No one is answerable for what they say. But on a public forum to which anyone and everyone has access I don't see an alternative. Although I don't like this type of public forum because of the abuses and restrictions they give rise to, I do see they may have a role in providing information to the uncommitted and it may actually increase the number of P2P investors in the long run. Certainly, some MT investment is higher than it would otherwise have been, going on the previous comments. Is there anyone out there who first invested in P2P lending after following this forum for a while? Would not the AC model of a private sub-board be something that all platforms should consider adopting?
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sirius
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Post by sirius on Aug 31, 2017 15:18:05 GMT
Hi chielamangus
Your comment......." Is there anyone out there who first invested in P2P lending after following this forum for a while?"
I watched this forum for about 3 months before dipping my toe into P2P and thanks to the unselfish sharing of information and advice available here, which I have selectively followed, I have (yet) to lose a penny in nearly a year.
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Nomad
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Post by Nomad on Aug 31, 2017 15:29:28 GMT
I watched this forum for about 3 months before dipping my toe into P2P and thanks to the unselfish sharing of information and advice available here, which I have selectively followed, I have (yet) to lose a penny in nearly a year. Ditto but I should've paid more attention to posts about problems with FC...
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Post by rollercoaster on Aug 31, 2017 15:33:42 GMT
I also have been a long time lurker, reading and learning and have found platform representatives info really useful.
I think you are in that tricky phase of business maturity where as a more established platform there are some growing pains. As such I think you do need to do a lot of listening to the concerns raised here. However I think individual loan updates should be on your own platform. Only platform wide updates such as isa and t&c updates should be published here.
Use your time to tighten up your business practices (and assess loan valuations!)
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jonah
Member of DD Central
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Post by jonah on Aug 31, 2017 19:30:36 GMT
Hi chielamangus Your comment......." Is there anyone out there who first invested in P2P lending after following this forum for a while?" I watched this forum for about 3 months before dipping my toe into P2P and thanks to the unselfish sharing of information and advice available here, which I have selectively followed, I have (yet) to lose a penny in nearly a year. I invested my first cash into p2p after lurking here for a few months. This forum convinced me to look at AC which lead to my first default * a little later, which lead me to create an account here to ask questions. I'm still asking them. My personal approach is to use this forum to help shape where I invest, with almost all of my new platforms investigated after discussions here. * I subsequently sold out of this loan and AC did recover all capital and interest.
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baz657
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Post by baz657 on Aug 31, 2017 20:39:21 GMT
I'm a bit late replying but just wanted to add my thanks for the communications from day one and my hopes that they continue. It's greedy investors (you know the type - all take, no give) who seem to be the ones that are the loudest to complain and spit their dummies out when a loan gets into difficulty. I've been very happy getting an excellent return in the past and I'm not oblivious to the obvious risks and realise there will be losses. It appears that most of us on here are the same and appreciate everything that all The Things have done in the past.
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