upland
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Post by upland on Jun 1, 2015 7:59:22 GMT
I have just opened an account here and will be participating as soon as I have managed to add some money to the account.
I think that it cannot be emphasised enough how important it is that a loan does pay out all of what it should. As I see it the selling point with AC will be that it manages the problems better. If it does not then I shall put more with FC in the end as I believe their greater volume leads to a more predictable outcome.
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upland
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Post by upland on May 24, 2015 8:31:38 GMT
I have money with Z RS and FC. I became a bit fed up with FC a few years a go with the bad debts and ran down the holding. I started to look again at the p2p scene earlier this year. I concluded that FC was not so bad after all partly because they had started to rake in some recoveries to my bad debts. This takes ages to produce anything useful and is very important. Trying to weigh it all up I have increased my FC holdings and am interestingly surveying what the outcome of these property loans will be on balance. I am trying to target 50:50 property:industrial loans.
With many of the companies offering great rates they are very small and whereas FC yields less I just wonder whether their offering is realistic as its 10 times a bigger operation and so has a lot more track record. A yield of 12% implies the borrower is paying even more and so must be more risky or why would he not go elsewhere. It may be that these more specialist smaller firms can manage the default situation more efficiently but I do wonder whether they have not had enough time to hit enough failures. The truth may well be somewhere between the two.
Some of these smaller firm contenders I am not sure whether one is lending to a borrower or the firm itself. When something goes wrong and there is a problem with a platform can I get my money back. The recent mini bond default was an example.
FC has a pretty useful dealflow and I get the impression that the smaller ones often dont with some deals selling out quickly so there is the spectre of having unlent money like the earlier days of Zopa. That great yield is reduced somewhat. Costs of staff as well as there must be a cost of playing below which they cannot go below , especially if their trading volume rises. They would find it harder to provide the service.
On size terms Lendinvest looks good to me but I can do as well with FC. It may be a useful platform diversification in future. Ditto Welesley , I doubt that they offer much extra that what I have now.
Market invoice I thought was expensive to get into.
AC will probably be my next investigation as they promised invoice factoring which is another diverse asset class that I would like a bit of. I would like to feel that the offering was liquid , well used growing etc.
I think that this sort of debate is very important. Please dont think that I am pro FC but I think that this scene is like the wild west at present with the rules being bashed out amongst the players.
This is what I think to date , very happy to learn more about it.
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upland
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Post by upland on May 16, 2015 6:33:20 GMT
It does strike me that the whole p2p offering is very new and the rules have not quite yet been bashed out by years of good and bad events. With the property loans via FC I will be interested to see how they do when the final payment is made on a number of them. This may be only a year away. It would be very difficult for FC if the failures were excessive and I am sure that they will be proactive. I get the impression that FC are not as good as protecting investors assets as some of the other p2p firms albeit these firms are much smaller and would not have experienced as much volume.
I hold quite a lot of these both from new and the SM. I do try to diversify them with the more conventional loans. Personally with years of QE I suspect that property assets should not lose their value but there must be risk there.
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upland
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Post by upland on May 16, 2015 5:53:38 GMT
The email suggests that failure to provide the info would mean no further bidding, which might be of little consequence to someone who's already decided they don't want to bid any more. But it wouldn't surprise me if anyone who still has money in the platform finds that when they go to withdraw they'll be told their request can't be processed until the same ID is provided. That is what happened with Selftrade.
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upland
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Post by upland on May 15, 2015 19:17:53 GMT
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upland
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Post by upland on May 10, 2015 6:00:34 GMT
Many thanks bugs4me for your words of caution.
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upland
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Post by upland on May 8, 2015 7:57:53 GMT
I have often thought that the real money to be made would be to get one of these ventures going and to sell it to the big boys at the height of euphoria.
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upland
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Post by upland on May 8, 2015 7:50:38 GMT
Good thread , this sort of thing worries me. Its only a question of time before something bad for the newly emerging industry happens. I do find some of these smaller companies offering high rates and with small deal flows a bit of concern. I dont know how they can offer so much when others do not.
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upland
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Post by upland on May 1, 2015 7:53:17 GMT
I would find that of interest.
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upland
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General P2x Discussion
Glossary
Apr 18, 2015 6:24:55 GMT
Post by upland on Apr 18, 2015 6:24:55 GMT
CB / cb Cashback ?
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upland
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Post by upland on Apr 16, 2015 13:00:00 GMT
I think that FC is not a bad offering , there are lots of offerings to go in for , you can in theory sell them back to the market. I wonder whether some of the other p2p platforms provide enough deals to keep peoples interest.
I do wonder whether institutional money will change things. The whole p2p game is still very new.
What will happen when interest rates go up - I feel that it will have a some effect but it may not be large. After all the borrower wants to come out of it with a profit too.
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upland
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Post by upland on Apr 5, 2015 8:42:04 GMT
I am interested in this too. The Invoice Financing market seems large and returns can be reasonable. I was hoping that AC may offer an entry into the game that I would find attractive.
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upland
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LendInvest
Feedback
Apr 5, 2015 8:18:16 GMT
Post by upland on Apr 5, 2015 8:18:16 GMT
Hi All
I am new to this board & have been reading this thread with interest. Its been a few months since there has been a post and I wondered what the latest views were.
My position is that I have been looking at Lendinvest mainly because its slice of the 'market' is respectable. I have an account with FC and as property type loans are arriving thick and fast I was trying to see whether the Lendinvest offer could work for me. Their expertise is likely very good but with FC the natural diversification that happens is attractive to me. I do appreciate that the type of property loans from Lendinvest are not quite in the same market as FCs. I think that the return rates look similar so the principal benefit to me would be platform diversification.
Thoughts anyone ?
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