ashtondav
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Post by ashtondav on Aug 21, 2022 17:45:53 GMT
Rest assured, if there is a recession your shares will decline several degrees worse than p2p. Assuming of course you aren’t in barking dogs like FS etc. A normal recession only affects the margin. Currently 4% unemployment. Bad recession 10% unemployment. 90% of punters unaffected.
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ashtondav
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Post by ashtondav on Aug 11, 2022 17:15:22 GMT
So, on what platforms over a decent period, say 3 years was money lost. I reckon it was the dodgy ones. Not one of the top four lost money for punters over a three year period. Maybe some very unlucky FC folks but no one else.
i May be a sample of one. I have 17 years of experience. Was I lucky in dodging the really bad ones? Maybe but I don’t think so. If you lost money in p2p you shouldn’t have been in it - and I agree too much dumb money was allowed access to a risk asset.
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ashtondav
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Post by ashtondav on Aug 11, 2022 14:01:06 GMT
Risk of loss is overstated by some. I started with big Z in 2005. The great financial crisis hammered my shares but the Zopa return was smooth as the Mediterranean Sea. By covid I was in Zopa, RS, AC, FC and LW. Made money on all of them. My only losses have been on Funding Secure and thankfully I never had much with them
a 100% premium to risk free seems ok to me. Especially in an isa where it is hard to get above 1% risk free without a tie in.
without doubt p2p has been the lowest volatility risk asset I have invested in over nearly 17 years now. That is ptretty damn impressive for a new asset class.
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ashtondav
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Post by ashtondav on Jul 30, 2022 8:54:54 GMT
You can rely on the FCA to do the right thing, the wrong way, and after they’ve tried everything else!
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ashtondav
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Post by ashtondav on Jul 30, 2022 8:19:00 GMT
So, the AA queues are moving! As I’m now overweight loanpad I’ve bunged in a 100 to see how long it takes to be lent out.
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ashtondav
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Post by ashtondav on May 27, 2022 21:23:50 GMT
Sadly, amigo, it’s a business and they take business decisions. I joined in 2005 and benefitted immensely especially during the GFR.
Thanks to Zopa I’m now well invested in LP, PL and UB, and waiting for AC to re-open their doors.
with the exception of a minor dabble with the crooks at FS I’ve had a great p2p experience - thrashed BS returns and suffered none of the volatility of equities. A great asset. Shame Zopa couldn’t make it work.
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ashtondav
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Post by ashtondav on May 23, 2022 17:10:50 GMT
Fact remains. On £100,000 mb gives you £1,400. LP gives you £4,000.
im comfortable with that margin of error. I completely respect your opinion that it is insufficient..
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ashtondav
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Post by ashtondav on May 22, 2022 17:22:48 GMT
Comparatively Secure Trust Bank today pays 1.25% on its 60-day notice account, and Moneybox 32-days notice account pays 1.4%. So the difference isn't even 3% comparatively, it's 2.6%. Worst case scenario: If Russia deploys a TNW anywhere on Earth and there is a bank run and everyone scrambles for the exits, which account do you think will first stop paying? A P2P firm's or a bank's? And a few weeks or months down the line, when it's time for compensation, which one is going to give you your money back more readily - even if the property market in the meantime due to the war has crashed 50% and all loans are at risk - the P2P firm or the FSCS? 1.4% in mb. 4% in LP. That’s over 250% higher rates in LP. for comparison 10 year gilts offer 2%. High quality corporate bonds 3%-4%. 100% higher rates for higher risk you are adequately rewarded compared to available interest rates. now were you to compare them with my NSI INDEX LINKERS, currently paying over 7% you’d have a very good point!
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ashtondav
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Post by ashtondav on May 13, 2022 10:13:56 GMT
Strange. I didn’t receive that. And it’s not in junk either.
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ashtondav
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Post by ashtondav on Apr 6, 2022 13:37:41 GMT
Is he still “welcoming” ex zopoids. He made a public display of wanting them on board in December, but for four months there’s not been a nibble in the access accounts. So is he going to do a FC and ditch the retail punter?
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ashtondav
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Post by ashtondav on Apr 6, 2022 9:06:55 GMT
Thought you were with proplend as well?
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ashtondav
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Post by ashtondav on Mar 30, 2022 16:50:24 GMT
Sometimes I wake up cynical. Other times I let him sleep. But good points well made...
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ashtondav
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Post by ashtondav on Mar 24, 2022 9:57:18 GMT
So. Only losing about 4% a year after inflation.
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ashtondav
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Post by ashtondav on Mar 11, 2022 18:43:55 GMT
They must be doing something right because, despite an 80% fall in SP since IPO, they just released very encouraging financial results. And despite not hitting my expected return my results after four years were better than i'm currently getting with loanpad and proplend.
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ashtondav
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Post by ashtondav on Mar 11, 2022 12:48:50 GMT
Can't blame them, though when you read these posts. The cost of dealing with thousands of complaining punters rather than a few institutional clients who have reasonable expectations, must be enormous.
I do agree they ought to buy us out or sell the loan book and distribute the proceeds.
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