r1200gs
Member of DD Central
Posts: 1,336 
Likes: 1,883
|
Post by r1200gs on Jan 2, 2018 9:14:18 GMT
I've been very careful about the loans I invested in, and a bit lucky. The only problem loan I have or have had is DFL002 and it's a small amount, not really worried at all. I'm heavily over weight in a handful of loans that I consider sound. I have reduced my exposure to Lendy by some 70 percent but I'm not selling out the loans I currently hold. Defaults are bad it's true, but I'm not seeing the end of the world here. Others with certain other loans may not be so optimistic. Now where's my bloody interest.  |
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on Jan 4, 2018 8:58:33 GMT
looks like not many people investing [gambling]in january so far with DFL019 only 361 DFL008 only459 DFL011only 288 DFL031 only532 and DFL032 a massive 1171 plenty still available if you want any i personally have not bothered with any of these and have just been withdrawing my interest which has dropped 30% what with IAs and DEFs it looks like a lot of other members are doing the same.maybe this is the way to get lendy to open up to its lenders in 2018.plenty of other more transparent places to put our hard earned pennies.
|
|
tombraider
Member of DD Central
Posts: 117
Likes: 103
|
Post by tombraider on Jan 5, 2018 0:56:24 GMT
I thought I would really miss them but instead I continue to feel relieved that I almost (grr!) managed a total exit.... I thought I'd struggle to find other homes for my money but apparently not. Perhaps I might be getting a slightly lower rate overall (I really can't be bothered to addictively track XIRRs), but I am quite happy with that. I am generally totally happy with the idea of loans overrunning or even ending up in default, and have quite a significant amount tied up in problem loans on other sites. Yet I feel far more comfortable with these - even where I have more tied up than I'd ever have put in a single Lendy loan. Yep there are sure to still be some good loans but it all became a bit too much like hard work for me. may I ask where you have found homes for your money?
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on Jan 5, 2018 7:39:54 GMT
are we due one of pauls updates/newsletters sometime today.if so i expect it to be the winston churchill of speeches as everything seems to be slowly grinding to a halt.positive and honest info is now needed it seems as a lot of members including my self are feeling very let down and need to be reassured that new loans are not going to bring us the same old stories as 2017 and give us confidence to at least start lending to them again.
|
|
pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
|
Post by pom on Jan 5, 2018 8:33:13 GMT
I thought I would really miss them but instead I continue to feel relieved that I almost (grr!) managed a total exit.... I thought I'd struggle to find other homes for my money but apparently not. Perhaps I might be getting a slightly lower rate overall (I really can't be bothered to addictively track XIRRs), but I am quite happy with that. I am generally totally happy with the idea of loans overrunning or even ending up in default, and have quite a significant amount tied up in problem loans on other sites. Yet I feel far more comfortable with these - even where I have more tied up than I'd ever have put in a single Lendy loan. Yep there are sure to still be some good loans but it all became a bit too much like hard work for me. may I ask where you have found homes for your money? I don't think I could give you a useful answer as I'm currently invested in over 20 platforms, perhaps a quarter of which I'm actively trying/waiting to get out of, a few new(ish) that I'm happy to grow as & when and most of them ebbing/flowing as deals/rates change, some of which I may end up actively leaving if my investments drop too much. And at the time I actively chose to leave Lendy my investment was already over 60% down on my peak due to reduced deal flow, aging loans etc. If I compare my holdings in detail over time I might be able to work out where it went, but really it was all just easily absorbed, not least as I had a tax bill and expensive holiday to pay for around the same time of my final (near) exit. Sorry!
|
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Jan 5, 2018 8:39:11 GMT
looks like not many people investing [gambling]in january so far with DFL019 only 361 DFL008 only459 DFL011only 288 DFL031 only532 and DFL032 a massive 1171 plenty still available if you want any i personally have not bothered with any of these and have just been withdrawing my interest which has dropped 30% what with IAs and DEFs it looks like a lot of other members are doing the same.maybe this is the way to get lendy to open up to its lenders in 2018.plenty of other more transparent places to put our hard earned pennies. Sorry to be dense here, but what do these numbers refer to ? eg " ..... and DFL032 a massive 1171 " ? 1171 what ?
|
|
zlb
Member of DD Central
Posts: 1,422
Likes: 333
|
Post by zlb on Jan 5, 2018 8:46:56 GMT
looks like not many people investing [gambling]in january so far with DFL019 only 361 DFL008 only459 DFL011only 288 DFL031 only532 and DFL032 a massive 1171 plenty still available if you want any i personally have not bothered with any of these and have just been withdrawing my interest which has dropped 30% what with IAs and DEFs it looks like a lot of other members are doing the same.maybe this is the way to get lendy to open up to its lenders in 2018.plenty of other more transparent places to put our hard earned pennies. Sorry to be dense here, but what do these numbers refer to ? eg " ..... and DFL032 a massive 1171 " ? 1171 what ? it's the number of lenders/investors, I believe.
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on Jan 5, 2018 8:59:36 GMT
thank you. that is correct in available loans it shows the amount of investors so far and it just seems to be that compared to some of the older loans that attracted over 2 thousand investors things seem to have slowed down a bit.
|
|
|
|
Post by loftankerman on Jan 5, 2018 12:33:32 GMT
I thought I would really miss them but instead I continue to feel relieved that I almost (grr!) managed a total exit.... I thought I'd struggle to find other homes for my money but apparently not. Perhaps I might be getting a slightly lower rate overall (I really can't be bothered to addictively track XIRRs), but I am quite happy with that. I am generally totally happy with the idea of loans overrunning or even ending up in default, and have quite a significant amount tied up in problem loans on other sites. Yet I feel far more comfortable with these - even where I have more tied up than I'd ever have put in a single Lendy loan. Yep there are sure to still be some good loans but it all became a bit too much like hard work for me. may I ask where you have found homes for your money? Whilst I have found somewhere that I am moderately confident about investing what I have taken out of Lendy and more besides, I'd rather keep it to myself than sing their praises. I fear that having a sudden large influx of potential investors could tempt them down a path of reckless lending to meet demand. As it is, if I lose my shirt, I won't have taken anyone else down with me.
|
|
happy
Member of DD Central
Posts: 397
Likes: 497
|
Post by happy on Jan 6, 2018 18:19:23 GMT
may I ask where you have found homes for your money? I don't think I could give you a useful answer as I'm currently invested in over 20 platforms, perhaps a quarter of which I'm actively trying/waiting to get out of, a few new(ish) that I'm happy to grow as & when and most of them ebbing/flowing as deals/rates change, some of which I may end up actively leaving if my investments drop too much. And at the time I actively chose to leave Lendy my investment was already over 60% down on my peak due to reduced deal flow, aging loans etc. If I compare my holdings in detail over time I might be able to work out where it went, but really it was all just easily absorbed, not least as I had a tax bill and expensive holiday to pay for around the same time of my final (near) exit. Sorry! So in a word that will be a No then?
|
|
|
|
Post by p2plender on Jan 7, 2018 5:00:19 GMT
It's not over yet but I reckon the fat lady is putting on her make up and prepping her stage outfit.... I've a combined 15k left in with the Mrs, mainly in the Wolves loan. I too have found a few other places to stash cash, both UK and Australia p2p, sadly no BTC but to me it's just a fad, a bubble. I do miss Lendy but it's just a basket case situation imo. For once my timing was near enough spot on given what I had in the platform up until early 2017... p2pindependentforum.com/thread/8387/saving-stream-illiquid-monsterPretty nasty once they started suspending loans, the 'final escape route' blocked.. |
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Jan 7, 2018 7:59:47 GMT
Many people are mentioning that it is not realistic to receive 12% with no risk. I agree with this but it is also realistic that if I am taking a risk I expect to receive that 12%. I am not referring to the IA loans, but to the insane situation when one stops receiving interest if the loan part is on the SM. I as a lender will still bear the weight of the risk with no interest. I do not see this as realistic. If Lendy Support wants to keep the interest I feel that they should take the risk as well. |
|
|
|
Post by skint4achange on Jan 7, 2018 9:58:20 GMT
It's not over yet but I reckon the fat lady is putting on her make up and prepping her stage outfit.... I've a combined 15k left in with the Mrs, mainly in the Wolves loan. I too have found a few other places to stash cash, both UK and Australia p2p, sadly no BTC but to me it's just a fad, a bubble.
I would have agreed with the underlined statement until recently when I got myself a bit (Lot) more informed about what Crypto currency was all about.
Sure there are some of these more stupid currencies that are coming out that will fail and the big currencies (BTC, ETH, ETC etc.) will continue to grow and be very volatile but it is the way that the whole world will operate in just a few years time.
I base this on 2 things. Firstly the Bank of England ran trials in 2017 using a crypto currency called Ripple. They claimed it was a major success and now many major banks are using it to conduct business, Santander, UBS, American Express, RBS, Credit Agricole to name just a few.
The second thing that took me back, was when talking to my 11 year old son and he looked over my shoulder at my crypto investment page. He could reel off all the big currencies, what their approximate value was, what their stock abbreviated name is and more. This from an 11 year old who couldn't remember what he had for lunch at school yesterday!
So, I do not think the Crypto world is a bubble, I think it is just taking shape and things are a bit volatile until it settles. What I do think though is that most people over 40, myself included, cannot even begin to understand the changes that are heading into the financial world unless we really try to look harder. When the internet began, they said it was a Fad and we would never find a proper use for it. Look at it now, without it the world would probably not be half as developed as it is now! You certainly wouldn't be sat here talking to 1000's of complete strangers about electronic money transfers and loan parts (All of these transactions are going to be made much quicker by Crypto currency in the future).
Let me give you a quick example of why it will be the currency of the future. Ripple transfers are almost instantaneous. How many times have you gone to invest in a loan part/investment opportunity and had to transfer funds? By the time you have transferred the funds, the bank has done whatever the hell it does with the money, and it gets to your account, the thing you wanted is gone? With Crypto such as Ripple this would not happen. There are no checks to be made as the money and your credit has already been checked so the transfer happen instantaneously. We all know that people want faster all the time. Would you really go back to dial-up internet?? 
Of course there are other reasons why people do not like Crypto currency, such as when it is used by criminals and terrorists. I am afraid they also use FIAT currency, property, diamonds, precious metals and much more to pay for items, however nobody has called for them to be outlawed? The thing is, all Crypto transactions are traceable one way or another. That is because of the blockchain and how it operates.
So, I will invest in BTC and others. Not because I want to fund terrorists, but because I believe that will be how we will all have to operate very soon anyway.
Oh, to stay on topic, probably only a small amount will be invested with Lendy until some of the big loans start to repay and I regain my confidence in them.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Jan 7, 2018 12:26:41 GMT
Many people are mentioning that it is not realistic to receive 12% with no risk. I agree with this but it is also realistic that if I am taking a risk I expect to receive that 12%. I am not referring to the IA loans, but to the insane situation when one stops receiving interest if the loan part is on the SM. I as a lender will still bear the weight of the risk with no interest. I do not see this as realistic. If Lendy Support wants to keep the interest I feel that they should take the risk as well. Or they could charge for sales as many sites do. You usually pay one way or another - fee, early redemption or lost interest - with some notable exceptions (eg MT, FS, ABL, AC) in which you may pay in other ways (discount needed, or time to wait). And presumably for a site to remain viable, if it loses money from one type of income stream, it just has to raise it from somewhere else so you pay in a different way. I don't personally think it is insane, I think it is good to have different SM models for the different sites - my favourite is ABL, but many people complain about that too, so the reality is that you can't please all the people all the time.
|
|
|
|
Post by GSV3MIaC on Jan 7, 2018 12:39:13 GMT
Ly is my least favourite .. you pay MORE the longer it takes your part to sell (which is exactly bass-ackwards IMO), and Ly themselves have the ability (which they use) to queue jump &/or to 'suspend' the loan, making sure you keep on paying the "non-performance fee". A straight 0.25%/0.5% upon sale is much more acceptable, but the MT/ABL 'no charge, thanks for your custom' is by far my favourite.
Moving goal posts (they now appear to have met in the middle, or maybe crossed into the imaginary domain) is the main reason I joined the queue for the exit.
|
|
