elliotn
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Post by elliotn on Sept 7, 2017 8:19:46 GMT
Diversification - in a nutshell, lots of loans, waltzed straight back in with a DD hold to term pick'n'mix (plus a good ol' fashioned SM dabble, of course  ) Updates - (bear with me) comparatively large loan book updated fortnightly; improved DFL summaries; news alerts and email calendar welcome innovations; Interest payment transparency - Remaining Days = Interest pre/paid (IOA vs IA covers the couple of loans with partial retained interest); Deposits - regular, out of office deposits (v useful for overseas investors) [Default treatment - more controversially an ancillary benefit is typically 180D to get out of a loan (having got royally spanked redeploying my Ly funds on MT!)]
Benefit of timing: New PBLs - to get re-invested, particularly the new S******** L***** loan;
Improvement in rates - for existing DFLs and new PBLs better reflect risk (albeit the corollary of reduced demand and with inreased liquidity risk of unfilled tranche dumping); Repayments - new recovery specialist & some recent payments without capital losses (HOWEVER Gloucester, Somerset, Fife still outstanding which could impact investor sentiment); [Liquidity - linked to above, quite a bit of liquidity restored (but could be just as fleeting also based on above!).]
Edit 1 Scalability - 20-25% p2p diversified in 1.5 days, not many platforms offer that.
Edit 2 Monthly income - Yes star dust ! (don't even care if Paul is paying Paul, keeps the LTV down!  )
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archie
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Post by archie on Sept 7, 2017 8:33:20 GMT
You might want to take notice of the 'Capital repaid' column that was added to completed loans. Omen?  |
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james21
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Post by james21 on Sept 7, 2017 9:05:20 GMT
Cant see the point Archie is making, loan amount and capital repayment matches for all completed loans as far as I can see?
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star dust
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Post by star dust on Sept 7, 2017 9:21:59 GMT
I never actually got out of Lendy, so not returning but increasing my stake from it’s 50% reduction. One of my primary attractions in P2P is the monthly income, so the new changes to Lendy mean that I’m even more reluctant to hold anything beyond term if I can possibly avoid it, and I’d like to keep the selling times to a minimum. As a result I’ve switched away from the big DFL’s even though beforehand I would have been happy to hold and I’m doing a combination of a DD and GeorgeT investment strategy I think. It probably helps not being a BH. james21 I think the point archie is making is that it's a new column - although never needed previously as all capital has been repaid - it might be gearing up for a future use where all capital is not repaid. |
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james21
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Post by james21 on Sept 7, 2017 9:24:54 GMT
Thanks for explaining Star Dust
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copacetic
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Post by copacetic on Sept 7, 2017 10:18:05 GMT
... One of my primary attractions in P2P is the monthly income... The monthly income thing is perhaps not such an important factor when considering investments. While it's nice to see the payments coming in it might be more practical if you were, say, expecting £100 per month from £10000 in a 12% p2p investment, to just instead have £9400 invested and keep the £600 in a high interest rate bank account to pay yourself for six months. That way while you lose a little return on your overall investment the income is at least guaranteed and you're free to invest in any platform or particular loan that gives the best over all risk adjusted return.
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twoheads
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Post by twoheads on Sept 7, 2017 10:35:43 GMT
Cant see the point Archie is making, loan amount and capital repayment matches for all completed loans as far as I can see? The point archie is making is that the capital repayment column is new - the 'omen' being the reasoning behind it. As you say, it currently matches the loan value in every case.
The only conceivable reason for adding this new column is that Lendy expect that, in the future, the capital repaid may not always match the loan value. They have factored in this new column ready for future capital repayment shortfalls.
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SteveT
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Post by SteveT on Sept 7, 2017 10:45:27 GMT
Cant see the point Archie is making, loan amount and capital repayment matches for all completed loans as far as I can see? The point archie is making is that the capital repayment column is new - the 'omen' being the reasoning behind it. As you say, it currently matches the loan value in every case.
The only conceivable reason for adding this new column is that Lendy expect that, in the future, the capital repaid may not always match the loan value. They have factored in this new column ready for future capital repayment shortfalls.
ONLY conceivable? How about ready for possible future staged / part repayments ?
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twoheads
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Post by twoheads on Sept 7, 2017 10:57:47 GMT
ONLY conceivable? How about ready for possible future staged / part repayments ? You have a point. However, when partially repaying PBL120 they created a new loan part PBL120R1 for this and the entire loan value of the 'R1' offshoot was repaid.
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Post by d_saver on Sept 7, 2017 11:16:36 GMT
I never left either, but I did stop investing in new loans (until yesterday!) and cut my holding to a small number of the ones I liked.
The monthly interest thing is a mind screw though, isn't it? After all, they already have the interest in the bank. You gave it to them when you funded the loan!
As for the capital repaid colum. I think it's a good thing. At some point, investors are not going to get all their money back in one go. Given some of the defaults, that's likely to be soon. Some funds will be recovered from sale of distressed assets, then further funds may come in at a later date as other security is pursued. This could take years. Being paid in part as recovery progresses is good. I'd rather have 60% back now, x% later, than wait years for a final settlement... It's good Lendy are planning for this and how to present the info.
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Post by portlandbill on Sept 7, 2017 12:23:51 GMT
"Side-thought: I wonder if Lendy have considered that repaying 88% of capital on defaults is acceptable as 12% has already be dolled out? Investors won't have lost anything -- other than inflationary erosion and the potential to have gained (or lost) in other investments -- they just wouldn't have made anything.  " Don't go giving them ideas |
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fp
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Post by fp on Sept 7, 2017 14:40:54 GMT
Side-thought: I wonder if Lendy have considered that repaying 88% of capital on defaults is acceptable as 12% has already be dolled out? Investors won't have lost anything -- other than inflationary erosion and the potential to have gained (or lost) in other investments -- they just wouldn't have made anything. I've been worried about you for a while @new2p2p , but now you have confirmed my suspicions, that you must be one of THEM! 
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Post by p2plender on Sept 7, 2017 15:52:46 GMT
I'm still running for the hills. Looks I'll suffer one default but it's for a piddly £250. Only left then with Wolves and Euro car park. 100 day strategy has more than failed - even 150 is dodgy. It's only going to get worse, look at Home- row, now that's a worrying story developing imo. Pray liquidity stays on the side of investors.
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