ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
General P2x Discussion
Lendwise
Jun 3, 2023 8:42:22 GMT
Post by ashtondav on Jun 3, 2023 8:42:22 GMT
Why no board for this bunch? Or have I missed it?
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Dec 15, 2022 19:29:50 GMT
Anyone recall Luckless Stewpot Law welcoming on board ZOPA investors when it shut down retail,!! Bloody joke. Absolute joke. What an absolute shower. It beggars belief that incompetence on this scale is not reprimanded.
when I was in business we had to PR, market, forecast, plan, budget and target a year ahead. These clowns can’t do that for more than a month.
If I were an institutional investor I’d be demanding a rather large incompetence risk premium. They certainly show no signs of buying my loans. Can’t think why.
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Dec 15, 2022 13:25:29 GMT
It is such a shame that mismanagement, incompetence, profiteering, schoolboy errors of judgement, dodgy communications and arbitrary fee impositions are no impediment to some folks.
Speaking generally and not about any individual entity or individual - of course
But on an AC specific note. Independent audit and review of the no doubt flush provision fund please.
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Nov 1, 2022 13:38:53 GMT
Is AC's bad debt any worse than other lenders? Also, if in the ACs is this loan covered by the PF?
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Oct 26, 2022 14:31:16 GMT
Maybe. But that's a beer But they will be hoping for an IPO.
If they were intending to ditch and de-prioritise retail punters i doubt they would have re-opened the AA...
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Oct 24, 2022 17:58:15 GMT
Well the reults are insight free rubbish. "As much as possible" or >7% would probably have scored higher!
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Oct 23, 2022 15:38:12 GMT
About double the risk free rate seems reasonable, given long term reliable returns (in Access Accounts.) But I wouldn’t ever rely on it being “easy access”.
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Oct 4, 2022 14:08:04 GMT
Oh ok. Must have gone to junk as I missed it.
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Oct 2, 2022 9:27:40 GMT
Sorry. To what does this refer? Have I missed a new board member?
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Sept 30, 2022 17:02:06 GMT
Rates might be slightly higher than that in a few months. Wouldn’t want to lock in for a year right now. No nor would I. But in a few months LP might be bust or in withdrawal lockdown with no FSCS protection so I would prefer NC to LP. I am old enough to remember Northern Rock (ironic name!), Icelandic banks and more recently several p2p firms. Not one of the top four p2p boys went belly up. Yes some changed business model and some restricted access. But then a 1 to 3 year bs account is pretty restricted. Each recession is different. 2008 was mortgage madness. This one is inflation. Buying bonds then bought you diamonds. Buying bonds this year has got you crucified. Even gold has you eating dog food. YTD p2p returns smack equities and bonds, especially if you were in US assets unhedged. Only beaten by my old holding of NSI index linkers (no longer available).
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Sept 29, 2022 15:02:53 GMT
Rates might be slightly higher than that in a few months. Wouldn’t want to lock in for a year right now.
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Sept 26, 2022 10:40:54 GMT
Back in 2005 when I started with ZOPA I was getting 7%+. And then the world went mad...
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Loanpad (LP)
Loanpad
Sept 22, 2022 12:30:25 GMT
Post by ashtondav on Sept 22, 2022 12:30:25 GMT
60 day account rate is about 100% above instant access BS rate. Not stunning. But not too bad
I don’t want to tie my money in at current rates for 1 to 3 years, so won’t compare to those rates.
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Aug 28, 2022 18:02:08 GMT
I think AC will continue with retail lenders. If you have ever dealt with rapacious commercial lenders in this space they are MUCH MORE demanding on rates of return. The only downside is dealing with a large number of small, whining retail investors so i would not be surprised to see minimum investment levels raised to say £10,000 to £20,000 to get reduced costs of dealing with widows, orphans and more naive "savers".
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Aug 28, 2022 17:53:18 GMT
www.nsandi.com/products/green-savings-bondsNSand I offers 3% FSCS fixed for 3 years, it might appeal to certain investors. TBH, I have some money stuck at GBBAx account with AC and I have no idea when it will be repaid eventually. I was fortunate to buy 5 YEAR NS&I index linked bonds every year from 2005 to 2010, been renewing them every 5 years ever since and looking forward to 9 to 18% returns this year and next. Bought for inflation insurance - been a long time but insurance paying up!
Far and away better than my p2p, equity, gold, private equity, infrastructure, real estate or Crypto assets. A diversified portfolio is everything. ALWAYS!
|
|