ceejay
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Post by ceejay on Apr 6, 2018 17:34:08 GMT
Decent (as offered) returns on RS and AC and ABL.
A tiny amount in the black on FC (worst case) or a small amount in the black if I assume that I get back everything that it merely late but nothing that is defaulted.
COL ... who knows? But a small part of my portfolio, so even if it were to be a complete wipeout (which I feel is unlikely) then overall I'd still be in positive territory.
Which is a lot better than my performance in S&S over the same period!
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hazellend
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Post by hazellend on Apr 8, 2018 6:39:30 GMT
Do you count cash back in your calculation?
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mason
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Post by mason on Apr 9, 2018 6:16:56 GMT
ABL, AC and to a lesser extent FS have delivered significant returns this year. MT is in negative territory and I've ignored COL because who knows. I expect recoveries to be good for the most part though.
My S&S ISA, which is about 6 times the size of my P2P holdings, has done a lot better about the same in percentage terms (~6% vs ~3%).
Edit: Oops, silly me, I forgot to include P2P interest paid with my IF ISAs.
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duck
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Post by duck on Apr 9, 2018 6:49:04 GMT
I was wondering, how have others fared overall? Comfortably up although the MT defaults have currently dragged my return down. This is after taking the cash hit in 17-18 for previously defaulted loans on which recovery has been made. Then there are the tax free income inside my IFFYISA and other tax exempt earnings. Not my best year ever but not bad considering the change in climate with P2P. For the second year running I will not be claiming all the eligible 'defaults' in order to utilise fully my (and my wife's) tax allowance.
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Liz
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Post by Liz on Apr 9, 2018 8:38:42 GMT
Up about 10% this year, about the same as last. The switch from L to FS helped maintain this.
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hazellend
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Post by hazellend on Apr 9, 2018 9:01:59 GMT
Up about 10% this year, about the same as last. The switch from L to FS helped maintain this. 12% if I ignore my MT defaults 9% if I assume 50% recovery from MT.
Invested in ABL, MT, Col and Len.
Lendy and ABL have been flawless. Col, doh! MT, bit of a bumpy ride this year, hopefully recoveries will be decent and more loans to come.
Apart from ABL, MT, and Lendy, I don't find any of the other platforms desirable, although I have to admit if I could find a decent black box solution paying 7 - 8% I would probably take it as I'm striving for a simpler solution long term.
PS didn't include cashback, which adds another 1 - 2 %
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Post by expectedvalue on Apr 9, 2018 9:23:14 GMT
Why would anyone be down on p2p unless they go for 15% products?
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hazellend
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Post by hazellend on Apr 9, 2018 9:27:31 GMT
Why would anyone be down on p2p unless they go for 15% products? if defaults > interest you will be down.
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Liz
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Post by Liz on Apr 9, 2018 9:48:52 GMT
Why would anyone be down on p2p unless they go for 15% products? if defaults > interest you will be down.
So many ways of working out returns! I would use: Interest - est. loss on defaults(defaults-expected recoveries)
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hazellend
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Post by hazellend on Apr 9, 2018 10:23:39 GMT
if defaults > interest you will be down.
So many ways of working out returns! I would use: Interest - est. loss on defaults(defaults-expected recoveries) yes, agree, should have clarified!
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Liz
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Post by Liz on Apr 9, 2018 12:47:58 GMT
So many ways of working out returns! I would use: Interest - est. loss on defaults(defaults-expected recoveries) yes, agree, should have clarified! Then what about accrued interest or recoveries from past years, so complicated 😹
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