blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 21, 2018 11:15:13 GMT
Is it me? It usually is. But I just can't get my head round these types of loans. When the loan first appeared this forum was full of posters saying how they wouldn't touch it with someone else's bargepole, how they wouldn't be surprised if investors lost every penny, that they were out, yes definitely out. Then once it goes live everyone's complaining how they couldn't get enough of it, how it was the best thing since Mr Warburton accidentally dropped his loaf in the bacon slicer, how very fortunate they were just to get the miserley crumbs they ended up with, how it was a keeper, yes definitely a keeper. So is it double-bluff or is it triple-bluff? Are people slagging off good quality loans so they can grab a little more for themselves, or are they bigging-up poor quality loans so they can sell off at a profit on the secondary market? Now personally I wasn't that impressed by the security so didn't partake at all. Or did I? I believe that people are honest in their assessment of loans, and do not give false opinions for personal advantage. But then, in purchasing decisions, people behave in a way that they think optimises their position. The problem is that I believe that loans on Ablrate are exceptionally well 'curated' but that there are not sufficient loans that we can pick or choose. I agree that the security seems illusory, and I said I would not help it over the line. But it became clear that this loan was going to £1M, whatever I did, and I decided to have some for a while, maybe a year. Personally I would rather Ablrate had presented a different loan, but we were banging on about new loans from new borrowers. Samford, elsewhere, was right. Edit. crossed with VI. The platform is as important as the loan, imo.
|
|
macq
Member of DD Central
Posts: 1,924
Likes: 1,192
|
Post by macq on Jul 21, 2018 11:29:04 GMT
Its an interesting point and its not Abl fault that their loans are popular but the last few posts were something i was thinking about earlier as in comparison (hopefully i can post this) C2F have a loan from yesterday which i have not looked into that close but on paper it is for a profitable West End hair saloon owned by a celebrity stylist and is offering 11%.While that may not mean much after looking deeper into the details - it has still only raised under 20% of its modest target after a day for a business that seems to have proved its self
|
|
|
Post by Duane Dibley on Jul 21, 2018 11:59:15 GMT
I think currently on any other platform this loan would be languishing part filled for weeks, Ablrate for various reasons is the platform of choice for money that people are wanting to invest. This seems to create a strange alchemy that to some minds turns poor loans into gold. Ah yes Idiot you may well be right. So, the baton's been passed from Saving Stream through MoneyThing and now rests with Ablate. They key in my opinion is not to identify the current front runner, the leading light, but the one waiting in the wings, or even the one after that.
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Jul 21, 2018 12:22:46 GMT
Is it me? It usually is. But I just can't get my head round these types of loans. When the loan first appeared this forum was full of posters saying how they wouldn't touch it with someone else's bargepole, how they wouldn't be surprised if investors lost every penny, that they were out, yes definitely out. Then once it goes live everyone's complaining how they couldn't get enough of it, how it was the best thing since Mr Warburton accidentally dropped his loaf in the bacon slicer, how very fortunate they were just to get the miserley crumbs they ended up with, how it was a keeper, yes definitely a keeper. So is it double-bluff or is it triple-bluff? Are people slagging off good quality loans so they can grab a little more for themselves, or are they bigging-up poor quality loans so they can sell off at a profit on the secondary market? Now personally I wasn't that impressed by the security so didn't partake at all. Or did I? I didn't partake either. In my view, the relative success Ablrate have recently enjoyed has led people to lose their heads a little. Sage investment turns into "well, it must be good, a totally new Ablrate loan" Prudent allocation turns to "well, I can always sell it down on the SM later" (I'm not going to pretend I haven't invested in a few recent loans with basically thinking). I drew the line with this one though. When I could easily conceive of a situation in which I could lose every penny of my investment without justified complaint e.g. should the product be out-competed in the marketplace, then the upside of the reward should be something in high double digits - equity type returns as pointed out earlier in this thread by someone else I think too.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 21, 2018 12:35:42 GMT
I think currently on any other platform this loan would be languishing part filled for weeks, Ablrate for various reasons is the platform of choice for money that people are wanting to invest. This seems to create a strange alchemy that to some minds turns poor loans into gold. Ah yes Idiot you may well be right. So, the baton's been passed from Saving Stream through MoneyThing and now rests with Ablate. They key in my opinion is not to identify the current front runner, the leading light, but the one waiting in the wings, or even the one after that. Don't forget Collateral. I first put cash into Ablrate in April 2015, as an alternative to FC, who were moving away from true p2p. No other platforms yet. I saw true p2p, business only, with good liquidity, some three years before the crowd. The crowd is welcome, as long as Ablrate does not do an FS on us, and spoil it. How about a solution to the scarcity problem, being that those first registered get to have first dibs on the new loans? Edit: who are c2f, please? I can't resist a celebrity hairdresser.
|
|
|
Post by Duane Dibley on Jul 21, 2018 12:41:47 GMT
Prudent allocation turns to "well, I can always sell it down on the SM later" Isn't that phrase copyright the Lendy board circa July 2016?
|
|
|
Post by fatbritabroad on Jul 21, 2018 12:42:09 GMT
Ah yes Idiot you may well be right. So, the baton's been passed from Saving Stream through MoneyThing and now rests with Ablate. They key in my opinion is not to identify the current front runner, the leading light, but the one waiting in the wings, or even the one after that. Don't forget Collateral. I first put cash into Ablrate in April 2015, as an alternative to FC, who were moving away from true p2p. No other platforms yet. I saw true p2p, business only, with good liquidity, some three years before the crowd. The crowd is welcome, as long as Ablrate does not do an FS on us, and spoil it. How about a solution to the scarcity problem, being that those first registered get to have first dibs on the new loans?
This is a democracy not a dictatorship.all lenders are created equal. Plus my measly amount ain't gonna stop you being able to invest
|
|
archie
Posts: 1,838
Likes: 1,842
|
Post by archie on Jul 21, 2018 12:47:13 GMT
Edit: who are c2f, please? I can't resist a celebrity hairdresser. Crowd2Fund
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 21, 2018 12:51:34 GMT
Don't forget Collateral. I first put cash into Ablrate in April 2015, as an alternative to FC, who were moving away from true p2p. No other platforms yet. I saw true p2p, business only, with good liquidity, some three years before the crowd. The crowd is welcome, as long as Ablrate does not do an FS on us, and spoil it. How about a solution to the scarcity problem, being that those first registered get to have first dibs on the new loans?
This is a democracy not a dictatorship.all lenders are created equal. Plus my measly amount ain't gonna stop you being able to invest I've added a smiley. Did not think anyone would take that idea seriously. But then, Ablrate seems to let almost anyone register now. Thanks Archie.
|
|
macq
Member of DD Central
Posts: 1,924
Likes: 1,192
|
Post by macq on Jul 21, 2018 12:51:48 GMT
Ah yes Idiot you may well be right. So, the baton's been passed from Saving Stream through MoneyThing and now rests with Ablate. They key in my opinion is not to identify the current front runner, the leading light, but the one waiting in the wings, or even the one after that. Don't forget Collateral. I first put cash into Ablrate in April 2015, as an alternative to FC, who were moving away from true p2p. No other platforms yet. I saw true p2p, business only, with good liquidity, some three years before the crowd. The crowd is welcome, as long as Ablrate does not do an FS on us, and spoil it. How about a solution to the scarcity problem, being that those first registered get to have first dibs on the new loans? Edit: who are c2f, please? I can't resist a celebrity hairdresser.
you maybe able to resist this one(looking at the prices on their web site it may eat into your profit) C2F was C****2F**D
|
|
empirica
Member of DD Central
Posts: 326
Likes: 235
|
Post by empirica on Jul 21, 2018 12:57:31 GMT
Seems to me that it boils down to platform confidence as reflected in the liquidity of the Secondary Market.
So long as the SM is perceived to be OK, the loan and the platform are almost inconsequential.
Only once the SM falters do the loans / platforms come under criticism. Rarely do the investors (publicly) admonish themselves for their reliance on the liquidity of the Secondary Market, over prudent loan selection and risk management _ aka: too much, in too few loans.
That's my first-look impression of the c. 12% P2P marketplace, anyway.
(And for what it's worth, my view on this loan is that even with patents granted, it would be worthy of a 13% coupon, but with them only pending and the possibility of the applications being rejected, then ... not for me.)
|
|
|
Post by dan1 on Jul 21, 2018 13:06:57 GMT
Edit: who are c2f, please? I can't resist a celebrity hairdresser. Crowd2FundI see that all but one opportunity is low risk, what's not to like? I'm cashing in all my NS&I "low risk" investments for a substantially higher rate of return
|
|
archie
Posts: 1,838
Likes: 1,842
|
Post by archie on Jul 21, 2018 13:10:22 GMT
I see that all but one opportunity is low risk, what's not to like? I'm cashing in all my NS&I "low risk" investments for a substantially higher rate of return I'm hoping I'll get a discount at the hairdresser.
|
|
|
Post by Badly Drawn Stickman on Jul 21, 2018 13:18:29 GMT
I see that all but one opportunity is low risk, what's not to like? I'm cashing in all my NS&I "low risk" investments for a substantially higher rate of return I'm hoping I'll get a discount at the hairdresser. Was 'Spit and polish' on the price list?
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 21, 2018 13:26:42 GMT
They seem to be trying to occupy some of the space vacated by FC, when it removed self-select. At a first glance, the projected returns, say 2% above FC, would not be worth the increased platform risk, reduced liquidity, and the effort involved. But I wish them well.
|
|