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Post by codliveroil on Nov 22, 2017 15:32:47 GMT
The P2P market is getting hot, take your money out now before the bubble bursts.
Im going to ride the storm out via the FTSE 100.
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jonah
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Post by jonah on Nov 22, 2017 16:07:28 GMT
The P2P market is getting hot, take your money out now before the bubble bursts. Im going to ride the storm out via the FTSE 100. Any basis to this declaration? Markers or data or logic you care to share?
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Post by buttchopf23 on Nov 22, 2017 16:19:10 GMT
Well, I would not touch stocks at the moment
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Steerpike
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Post by Steerpike on Nov 22, 2017 16:19:32 GMT
The FTSE 100 is as we know a safe haven.
Apart from the odd period, like 1999-2003 when it fell 50%, 2007-2009 when it dropped 48%, and the 22% fall between 2015 and 2016.
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Post by codliveroil on Nov 22, 2017 16:25:25 GMT
The FTSE 100 is as we know a safe haven. Apart from the odd period, like 1999-2003 when it fell 50%, 2007-2009 when it dropped 48%, and the 22% fall between 2015 and 2016. If you held from 1999 to now you would have made alot of money, you would have only lost money if you sold, you ofcourse also didn't mention dividends. P2P is sub-prime, the sooner it comes crashing down the better.
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ashtondav
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Post by ashtondav on Nov 22, 2017 16:40:23 GMT
You would not have made "a lot of money" holding shares since 1999. You would have made some money.
p2p is not "sub prime". Some platforms deal with prime, some with sub prime, and most with a mixture. Some, like Zopa are even moving away from a sub prime mix of borrowers.
Please back up your assertions with evidence. If you can't there is no basis for discussion, which is a pity as I too am nervous about the debt increase in the UK and would like a fact based argument about when to exit p2p.
My preferred leading indicator is the RS provision fund cover ratio. With a target of 125%+, it is currently hovering around 111% - 113%, so flashing orange IMO. If it declines to 105%, I would be looking to sell a fair chunk of my p2p nvestments.
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Post by sayyestocress on Nov 22, 2017 16:53:59 GMT
Who'd have thought that high interest loans to high risk borrowers might result in some defaults? I don't think the sky is falling in just yet.
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ashtondav
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Post by ashtondav on Nov 22, 2017 17:03:42 GMT
But some (Zopa until recently) are selling LOW interest loans to HIGH RISK borrowers. The OP is quite right to ask when to "ditch the b*tch" - the problem is timing, so you can sell out before being locked in!
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hazellend
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Post by hazellend on Nov 22, 2017 17:09:36 GMT
The P2P market is getting hot, take your money out now before the bubble bursts. Im going to ride the storm out via the FTSE 100. Thanks for the tip random person. Just dumped all my P2P and put it in the FTSE 100.
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misscas
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Post by misscas on Nov 22, 2017 18:39:42 GMT
The P2P market is getting hot, take your money out now before the bubble bursts. Im going to ride the storm out via the FTSE 100. Thanks for the tip random person. Just dumped all my P2P and put it in the FTSE 100. Excellent tip. Buy high and sell higher- what could possibly go wrong?
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macq
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Post by macq on Nov 22, 2017 18:53:40 GMT
Thanks for the tip random person. Just dumped all my P2P and put it in the FTSE 100. Excellent tip. Buy high and sell higher- what could possibly go wrong? Buy high and sell higher sounds good.Buy high and sell lower not so much 
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Post by GSV3MIaC on Nov 22, 2017 21:04:47 GMT
You really think you beat a 'big data' AI system (or 3) trading at Ghz rates with high volume spreads and charges? Lotsa luck! And folks complain about bots on FC or Ly?
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gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on Nov 22, 2017 21:47:18 GMT
Interesting comment about the FTSE 100.
My financial advisor, a safe harbour style of investment house has sold my FTSE 100 tracker and bought the FTSE All-Share as they don't like the current FTSE 100 based on the way the USD/GBP is the only real affect on it.
There will always be someone who sees the sky falling, I however prefer to balance my investments across everything I think has a good possibility of return.
As a side note, I have sold 15% of my P2P and bought an offiice over here so maybe my gut thinks the sky is falling too...
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hazellend
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Post by hazellend on Nov 22, 2017 22:15:10 GMT
Interesting comment about the FTSE 100. My financial advisor, a safe harbour style of investment house has sold my FTSE 100 tracker and bought the FTSE All-Share as they don't like the current FTSE 100 based on the way the USD/GBP is the only real affect on it. There will always be someone who sees the sky falling, I however prefer to balance my investments across everything I think has a good possibility of return. As a side note, I have sold 15% of my P2P and bought an offiice over here so maybe my gut thinks the sky is falling too... Sounds like a BS strategy. The FTSE all share is pretty similar to the FTSE 100. My advice is to ditch your FA.
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macq
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Post by macq on Nov 22, 2017 22:31:07 GMT
guess they think a spread of 400 odd companies is better then 100 (by about 1 or 2 % over the last 3 years).Might be worth drip feeding into say the HSBC 250 tracker for a mix of size
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