xtab
Posts: 41
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Post by xtab on Feb 15, 2018 18:37:11 GMT
Is it just me or is the C*****s loan looking like a leverage too far? I'm invested in their others, but starting to feel twitchy about adding to them.
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xtab
Posts: 41
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Post by xtab on Oct 28, 2017 19:48:39 GMT
I've joined your group too and made some loans. I was initially a bit taken aback at the interest rate some borrowers have to pay to some of the Field Partners. Perhaps naively I thought their rates would all be low. After a lot of follow up reading, I'm prepared to accept Kiva's explanations - and I did also find some where the interest rate was a much more reasonable 8%. It's certainly interesting - so many to choose from. And there is a bit of a feelgood factor to it too. I hope others hear your message, jester and come on board.
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xtab
Posts: 41
Likes: 34
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Post by xtab on Oct 12, 2017 15:06:13 GMT
Steve, BM would be better if . . . you got someone to take a look at the (presumably automated) emails you send out to tell lenders that all their funds** have been invested.
I've had two of these in the past month and today, for example, when I went to look, with half a mind to add a deposit, I find that it just isn't so. There is still Cash at Bank. It's possible that the cash was added to bank in the 15 or so minutes between the time of the email and the time I checked, but the odds aren't high on that being the case. I believe the notification was incorrect in the email I received earlier in the month too, but can't swear to it now.
You know how we all hate cash drag - that being the reason I've already halved my BM investment - so it's extra annoying to be given incorrect info in this way.
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** Of course it's possible that it's just that someone is playing with semantics because I note that the figure quoted as being fully invested is in fact less than the current total value of the holding. I haven't done the math but I suppose it's possible that the "fully invested" figure represents only actual deposits and ignores interest paid and still in the account. TBH if this was the case I'd find that even more disturbing.
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xtab
Posts: 41
Likes: 34
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General P2x Discussion
I have 60K
Feb 3, 2017 20:44:10 GMT
fp likes this
Post by xtab on Feb 3, 2017 20:44:10 GMT
I'm currently invested in 12 P2P Platforms and the amount of time needed to keep things ticking over varies greatly between them. I have about 10K less than the amount you plan to invest. Some platforms have auto-invest features that mean you don't need to do anything if that suits you; at the other end of the scale, others require you to be able to bid at a certain time - and their loans can be fully subscribed very quickly. So you have a great deal of flexibility in how you spread across platforms, based on your time available and how involved you want to be.
Over time I've changed my approach to loan types. When I started, I invested across just about all loan types. Now I have only a very small proportion in SME business loans and unsecured personal loans. (And I'm slowly unwinding from those). The unsecured personal loans are all with platforms that have some kind of contingency fund. Even secured loans can have hiccups but I've found them the least troublesome overall.
My total investment is currently standing at an average of 8.7% return after bad debts (minimal so far) but before tax. That's less than I made in a good year with the same amount invested in shares, but it's a lot less volatile and the cash flow is more manageable.
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xtab
Posts: 41
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Post by xtab on Jan 19, 2017 11:55:16 GMT
I think that because they - very fairly IMO - mostly place maximum bids on loans, it may take you a while to work through 10K on new loans. And as there is no auto-invest feature, it's a very hands-on process. (Although I prefer to pick my loans anyway).
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xtab
Posts: 41
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SoMo (SM) (formerly BridgeCrowd)
big toe
Nov 6, 2016 16:39:02 GMT
Post by xtab on Nov 6, 2016 16:39:02 GMT
how big does my toe need to be if i want to dip it in here, i dont want to setup an account to find minimum investment is 5k, my toes are not that big yet. thanks Minimum investment is £5k per loan Ouch! I thought it was initial investment into the platform of £5K with the option of investing smaller amounts into individual loans. I registered earlier this week, but hadn't got as far as depositing cash. Yeah, that's too steep for me, too. I'll have to quietly withdraw from that registration. Or leave it on hold for a long time!
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xtab
Posts: 41
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Post by xtab on Oct 27, 2016 13:24:01 GMT
collateral , hi Gordon, just wanted to say "Thanks" for the excellent 3 x Rolex watch offerings this morning, makes a guy feel less 'dated' just knowing he was on time for once. Seconded - I missed my 10:00 reminder, but got on at around 10:30 with no expectation of there being anything left of the loans. But happy to find that I still managed to get a nibble of all three. Gotta love those bid limits that give the (tardy) minnows a chance!
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xtab
Posts: 41
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Post by xtab on Sept 7, 2016 14:19:47 GMT
The time doesn't particularly matter, but the scramble to get bids in within the tiny window of time (sometimes literally just seconds) is a royal pain.
Pleased to hear that you are working on a pipeline loan facility. Ideally, this would include the ability to either pre-invest (as per SS) or have an autolend feature (as Unbolted do).
That then removes the issue of when the loans go live as interested parties can get their bids in at the pipeline stage.
I know it's more work for you guys but I've invested far more money in those two platforms than others simply because they make it so easy. And I'm sure I wouldn't be the only one if you add in thi feature.
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xtab
Posts: 41
Likes: 34
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Post by xtab on Aug 23, 2016 11:27:34 GMT
Many thanks for that info, guys. Very useful and (although past performance isn't ........ etc) still relatively reassuring.
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xtab
Posts: 41
Likes: 34
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Post by xtab on Aug 22, 2016 18:00:22 GMT
I'm a relative newcomer to this. There's a heck of a lot of experience among the users of this forum and I'm curious as to what experience people here have had with P2P sites that haven't made it and have closed down, gone into administration, voluntary liquidation, etc.
If you had investments in any of these, did the administrators continue taking repayments from borrowers and eventually you got your investments back? Or most of them (assuming some bad debts )? Or did you take a big hit?
If you'd be prepared to say what percentage of your investment you lost, that would be useful info. Or any other info/experience you have on this.
Thanks
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