Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Feb 7, 2018 19:51:58 GMT
I seemed to have awakened a few latent ex FC investors, For the new investors what you think is a good return may well soon decrease. Currently my returns. FC (Loans I cant sell) 5% taxable. Col 14.7% Taxable FS 15% mostly non-taxable Len 12% taxable, In total over 400k. Small amounts are easier to make larger returns. On FS manage a friends 6K and make over 21% non-taxable. The more the effort and the greater the flexibility of the platform the higher returns. After this week we should be glad we are in P2P annual losses tiny compared to this week stock market  |
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ashtondav
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Post by ashtondav on Feb 7, 2018 23:17:23 GMT
I seemed to have awakened a few latent ex FC investors, For the new investors what you think is a good return may well soon decrease. Currently my returns. FC (Loans I cant sell) 5% taxable. Col 14.7% Taxable FS 15% mostly non-taxable Len 12% taxable, In total over 400k. Small amounts are easier to make larger returns. On FS manage a friends 6K and make over 21% non-taxable. The more the effort and the greater the flexibility of the platform the higher returns. After this week we should be glad we are in P2P annual losses tiny compared to this week stock market Don’t understand this. Please use punctuation and spelling and a bit of grammar. Just don’t see your point! What is your current rate of return?
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 7, 2018 23:35:40 GMT
I seemed to have awakened a few latent ex FC investors, For the new investors what you think is a good return may well soon decrease. Currently my returns. FC (Loans I cant sell) 5% taxable. Col 14.7% Taxable FS 15% mostly non-taxable Len 12% taxable, In total over 400k. Small amounts are easier to make larger returns. On FS manage a friends 6K and make over 21% non-taxable. The more the effort and the greater the flexibility of the platform the higher returns. After this week we should be glad we are in P2P annual losses tiny compared to this week stock market Don’t understand this. Please use punctuation and spelling and a bit of grammar. Just don’t see your point! What is your current rate of return? Apologies formatting went crazy. The point is. Nearly every other platform has a better return/risk ratio and P2P as an investment is less risky than volatile stock markets. My current rates of return are the % shown after platform name. FC-5% Taxable Col 14.7% Taxable Len 12% Taxable FS 15%-21% for most Occasional 30% Non-Taxable These are APR actual AER's are higher These returns require a fair amount of effort and money to achieve.
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lucky
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Post by lucky on Feb 8, 2018 1:15:37 GMT
Don’t understand this. Please use punctuation and spelling and a bit of grammar. Just don’t see your point! What is your current rate of return? Apologies formatting went crazy. The point is. Nearly every other platform has a better return/risk ratio and P2P as an investment is less risky than volatile stock markets. My current rates of return are the % shown after platform name. FC-5% Taxable Col 14.7% Taxable Len 12% Taxable FS 15%-21% for most Occasional 30% Non-Taxable These are APR actual AER's are higher These returns require a fair amount of effort and money to achieve. Even with the recent falls stock markets are up approx 20% over the last 12 months.
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Post by jackpease on Feb 8, 2018 8:42:56 GMT
The more the effort and the greater the flexibility of the platform the higher returns. Hmmm, more chance of higher returns yes - but higher risk of losses if you are not lucky/clever as to when to sell up! My attempts at beating the system in FC's pre-autobuy days proved dire and returns have been higher since (subject to previously pointed-out 1-2yr lag before debts kick in) Jack P
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ashtondav
Member of DD Central
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Post by ashtondav on Feb 8, 2018 9:45:12 GMT
Apologies formatting went crazy. The point is. Nearly every other platform has a better return/risk ratio and P2P as an investment is less risky than volatile stock markets. My current rates of return are the % shown after platform name. FC-5% Taxable Col 14.7% Taxable Len 12% Taxable FS 15%-21% for most Occasional 30% Non-Taxable These are APR actual AER's are higher These returns require a fair amount of effort and money to achieve. Even with the recent falls stock markets are up approx 20% over the last 12 months. Not the uk market, my friend. FTSE100 up 0.77% over one year today. You need the Trump bump to get 20%!
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Post by wayne12 on Feb 13, 2018 12:10:08 GMT
Phew I'm glad I moved to AC. Gotta say I was drawn in by FCs advertising when I first started investing in 2017. Silly me.
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michaelc
Member of DD Central
Say No To T.D.S.
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Post by michaelc on Feb 13, 2018 19:18:54 GMT
Interesting thread.
I didn't notice anyone post how much of their current portfolio is "sellable". ie. from the home page, what is the figure you get when you click "sell" at the top of the page?
In my case my sellable loans represent 92.14% of my total. I'm not sure how this compares but I can't say I'm overly happy about it.
My assumption is that the non-sellable loans are those that have been suspended?
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 13, 2018 19:47:11 GMT
Dropped my husband off at Stansted the other day, and saw a huge billboard ad for Funding Circle as I drove away from the airport. Getting out to the masses is right! Seen the TV ads? I know someone who approached Funding Circle for a loan to buy a drum-kit. They were turned down because "we only lend to businesses with a strong credit record". www.youtube.com/watch?v=IQ2lnlj9WzQTotally misleading advertisements.  Not misleading at all. Bailiffs have taken all the office kit, even ping pong table, as I ain't paid my bills. Gis a loan with a pg please😁 Pay you back. Honest!
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ceejay
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Post by ceejay on Feb 14, 2018 10:11:54 GMT
My assumption is that the non-sellable loans are those that have been suspended? Non sellable loans include loans that are downgraded (but not yet defaulted), late, or in their last month.
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blender
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Post by blender on Feb 14, 2018 10:25:14 GMT
Or even just processing - though that soon turns into late.
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markr
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Post by markr on Feb 14, 2018 13:54:56 GMT
In my case my sellable loans represent 92.14% of my total. I'm not sure how this compares but I can't say I'm overly happy about it. It depends on your portfolio but for a mature portfolio you might expect 3-5% (depending on your mix of 12-60 month loans) of your capital to be in loans in their final month. If you have property loans in their final month then all your initial investment in that loan is unsaleable. Nearly every loan spends a day or two in "Processing" when a payment is due, and there's no reason to suppose that they won't return to "Live" (maybe a few will turn Late, but equally a few late ones will bring their payment up to date). Maybe 0.5-1% of your loans will be in this state. So the upshot is that at maybe around half of your non-sellable loans will be sellable within a month, but you'd need to do the sums on your own portfolio, by subtracting the value of loans in "Processing" and those with 1 month remaining from your unsellable total. This will give you a better estimate of what is long-term unsellable. Bear in mind that property loans routinely run late, though! Clearly, if you want to sell out all you can, you'd need to sell what you can now, then wait a month and sell out again.
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al
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Post by al on Feb 20, 2018 11:42:46 GMT
My experience not great so far, though I take responsibility. I started a week before the September switch, and acquired a nice little portfolio of decidedly citrus-y flavour from people eager to dump (you're welcome!). It took no time for bad debts on these less-than-mint loans to escalate, and performance since is reminiscent of me in the swimming pool. Just get head above water, I'm submerged again by the next one to go bad, glub along for a month to surface before it happens again.
Recoveries so far stand at the grand total of tuppence! Sellable portion is 90%. I'll give it a year, I guess.
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Post by mikeyp on Feb 21, 2018 17:19:00 GMT
Of my 100ish new style 0.5% allocations, the first one has gone a bit wobbly.
Expansion And Growth Loan (45945) — 8 days late, exposure £264.09 B
The borrower has advised that they are experiencing some cash flow difficulties. We will continue to chase using different methods and keep investors updated. We thank investors for their patience.
Just the 2 repayments of 60 made. I look forward to the success of one of FC's different methods!
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rogerthat
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Post by rogerthat on Feb 21, 2018 17:24:05 GMT
Of my 100ish new style 0.5% allocations, the first one has gone a bit wobbly. Expansion And Growth Loan (45945) — 8 days late, exposure £264.09 B The borrower has advised that they are experiencing some cash flow difficulties. We will continue to chase using different methods and keep investors updated. We thank investors for their patience. Just the 2 repayments of 60 made. I look forward to the success of one of FC's different methods! As an ex..perienced recipient of updates like that, Id suggest you prepare yourself both mentally..and financially..good luck 
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