Imothep
Member of DD Central
Posts: 106
Likes: 72
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Post by Imothep on Aug 18, 2018 18:33:42 GMT
so here is another slightly different take on it , probably controversial, but what the heck... most of you i guess have targeted FS for high returns , i have .. big interest payouts, big rewards, but big risk and to be fair if you don’t appreciate that then you really shouldn’t be investing. it’s been said that it’s a mixed bunch of borrowers , but its obvious that they can’t get a credit line from a bank , or a challenger bank or ..... like it or not , agree or dont, you / we are lenders of last resort . just read those words again , lenders of last resort. i would guess , 75% of the borrowers fall into this category . So here’s the thing , for many borrowers , i’m sure it’s the last throw of the dice and it’s your money. you / we by the very nature of what we are doing are trying to take advantage of the position they are in and gett a s€%t ton of interest , they by the very position most of them are in don’t give a f%€k. roll the dice and take the chance , forget your RICS reports , vals, charges , it is what it is , high risk. and all the moaners on here , normally the same few, you all wanted to take advantage by getting your big interest payments , you didn’t get them , man up , move on and stop crying, karmas a bitch. me, i’m up more just than down , more by luck than judgment i’m sure... but i see it for what it is , i’m taking advantage of people in a  position & the reality is that’s what we are doing ..i’m unsure if lending at these rates is morally correct ... |
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adrian77
Member of DD Central
Posts: 3,920 
Likes: 4,145
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Post by adrian77 on Aug 18, 2018 18:34:41 GMT
There was another Egyptian God (talk bout modesty) called H***S (not Horlicks!) on another P2P platform whom I seem to recall rightly got banned and had a very similar attitude - interesting coincidence.
What I am saying is beware Egytian Gods bearing gifts...personally I think moderator should have at look at this chap's posts just in case there is anybody stupid enough to think they can earn 23% with FS...
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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 Aug 18, 2018 18:49:38 GMT
There are lots of degree holding "Snowflakes" who want everything easy with no risk.
They have a tantrum when things don't go their way are used to 2% mortgages.
The more worldly wise remember 17% mortgages and rampant inflation.
We worked 100hr weeks and did not think we were owed a life without effort.
We gave up things to save to retire now the poor little darlings want us to give it up so they can have a GAP year or two at our expense. P2P is not a gift of money for the feckless.
Give up the avocado, the vaping and £90-300 concert tickets and weekend pub crawls "wasted money" Put money you would have lost never more to return and invest wisely and reap the returns.
invest carefully and withdraw when you make back 100% and then you can be as Laissez-faire as you like and wait for whatever.
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adrian77
Member of DD Central
Posts: 3,920
Likes: 4,145
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Post by adrian77 on Aug 18, 2018 18:59:23 GMT
classic H***s Horlicks
my one word reply to this insulting and ridoculous post ( I once had a 14% mortgage etc and am not complaining that FS is not 100% secure but that it is not showing enough care and DD etc) is
whatever....
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Aug 18, 2018 19:06:08 GMT
There are lots of degree holding "Snowflakes" who want everything easy with no risk.
They have a tantrum when things don't go their way are used to 2% mortgages.
The more worldly wise remember 17% mortgages and rampant inflation.
We worked 100hr weeks and did not think we were owed a life without effort.
We gave up things to save to retire now the poor little darlings want us to give it up so they can have a GAP year or two at our expense. P2P is not a gift of money for the feckless.
Give up the avocado, the vaping and £90-300 concert tickets and weekend pub crawls "wasted money" Put money you would have lost never more to return and invest wisely and reap the returns.
invest carefully and withdraw when you make back 100% and then you can be as Laissez-faire as you like and wait for whatever.
I still believe in you, godanubis. I have always been faithful and have awaited your return. Together we will make them pay, for our pensions, for our healthcare, for our social care, and to live in our houses.
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Post by Badly Drawn Stickman on Aug 18, 2018 19:12:08 GMT
There are lots of degree holding "Snowflakes" who want everything easy with no risk.
They have a tantrum when things don't go their way are used to 2% mortgages.
The more worldly wise remember 17% mortgages and rampant inflation.
We worked 100hr weeks and did not think we were owed a life without effort.
We gave up things to save to retire now the poor little darlings want us to give it up so they can have a GAP year or two at our expense. P2P is not a gift of money for the feckless.
Give up the avocado, the vaping and £90-300 concert tickets and weekend pub crawls "wasted money" Put money you would have lost never more to return and invest wisely and reap the returns.
invest carefully and withdraw when you make back 100% and then you can be as Laissez-faire as you like and wait for whatever.
So that's what happens when a self proclaimed god goes into meltdown. I had always wondered.
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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 Aug 18, 2018 19:15:36 GMT
so here is another slightly different take on it , probably controversial, but what the heck... most of you i guess have targeted FS for high returns , i have .. big interest payouts, big rewards, but big risk and to be fair if you don’t appreciate that then you really shouldn’t be investing. it’s been said that it’s a mixed bunch of borrowers , but its obvious that they can’t get a credit line from a bank , or a challenger bank or ..... like it or not , agree or dont, you / we are lenders of last resort . just read those words again , lenders of last resort. i would guess , 75% of the borrowers fall into this category . So here’s the thing , for many borrowers , i’m sure it’s the last throw of the dice and it’s your money. you / we by the very nature of what we are doing are trying to take advantage of the position they are in and gett a s€%t ton of interest , they by the very position most of them are in don’t give a f%€k. roll the dice and take the chance , forget your RICS reports , vals, charges , it is what it is , high risk. and all the moaners on here , normally the same few, you all wanted to take advantage by getting your big interest payments , you didn’t get them , man up , move on and stop crying, karmas a bitch. me, i’m up more just than down , more by luck than judgment i’m sure... but i see it for what it is , i’m taking advantage of people in a position & the reality is that’s what we are doing ..i’m unsure if lending at these rates is morally correct ... You are right ideally the borrowers make money when they eventually sell if they have done their calculations correctly. Lenders make money (probably less than the borrowers) for helping them out. FS take their cut. If working correctly everybody wins. As to morality LIFE IS UNFAIR. We can't fix it. Just look at tv ads .
Give us your money, for Water Aid, Food Aid, Guide dog,Save a Whale,tiger,rino,panda,leopard etc all good causes but where does it end.
Personally I give to lendwith care too people trying to help themselves and community. When they repay I give to someone else. These are micro loans but help a lot.
You can feel better in thinking you are helping employ everyone who has a part in building things. From the man that cleans the street to the nurse that fixes the joiners cut thumb thousands of minor rolls. the list is endless if the bricky has a coffee the there is the coffee farmer, the picker, the transporter, the shipper, the wholesaller, the cafe owner, the barista. The men at the mint for your money, the bankers, the timber grower and associated people for the paper cup, the sugar grower and all that transport. the bin man for empty cup. recycler. sewer worker to process coffee when turned to waste by the bricky. the list goes on and on and that is just a coffee. God help us if we get to somthing complicated.
MY point tes of thousands of people benifit from your investment so should we really complain at a little extra interest or even a loss. Morally it is good we are doing for others at the very least. So don't loose sleep over the morality
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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 Aug 18, 2018 19:18:03 GMT
There are lots of degree holding "Snowflakes" who want everything easy with no risk.
They have a tantrum when things don't go their way are used to 2% mortgages.
The more worldly wise remember 17% mortgages and rampant inflation.
We worked 100hr weeks and did not think we were owed a life without effort.
We gave up things to save to retire now the poor little darlings want us to give it up so they can have a GAP year or two at our expense. P2P is not a gift of money for the feckless.
Give up the avocado, the vaping and £90-300 concert tickets and weekend pub crawls "wasted money" Put money you would have lost never more to return and invest wisely and reap the returns.
invest carefully and withdraw when you make back 100% and then you can be as Laissez-faire as you like and wait for whatever.
So that's what happens when a self proclaimed god goes into meltdown. I had always wondered. Like a Labour Government . We are all in the mind and don't really exist and never will.
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greenslime
Member of DD Central
Posts: 111
Likes: 144
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Post by greenslime on Aug 18, 2018 19:20:40 GMT
It takes a lot of time and effort to make a decent return.
Indeed. And I've been wondering lately if, for those of us who have modest sums in P2P, whether the time required for DD, actively managing loans, etc, etc is really worth it - I suspect if I really looked at the time required to achieve good returns against what those returns would be in absolute monetary terms given the size of my holdings, I would probably be better off spending the time stacking shelves for minimum wage.
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greenslime
Member of DD Central
Posts: 111
Likes: 144
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Post by greenslime on Aug 18, 2018 19:26:52 GMT
We worked 100hr weeks and did not think we were owed a life without effort.
Am I the only one reminded of Monty Python's Four Yorkshiremen ??
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Post by Ace on Aug 18, 2018 19:30:48 GMT
We worked 100hr weeks and did not think we were owed a life without effort.
Am I the only one reminded of Monty Python's Four Yorkshiremen ?? What have the Egyptians ever done for us?
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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 Aug 18, 2018 19:34:01 GMT
As Ace's posts are getting shorter perhaps he has taken one of our contributions "BEER"
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Post by Ace on Aug 18, 2018 19:36:30 GMT
As Ace's posts are getting shorter perhaps he has taken one of our contributions "BEER" Certainly feels like it having read some of the posts in this thread!
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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 Aug 18, 2018 19:40:54 GMT
As Ace's posts are getting shorter perhaps he has taken one of our contributions "BEER" Certainly feels like it having read some of the posts in this thread! A few thousand years ago we had the "Blue Lotus" that would help you chill. Or if you feell all is too much you could always play with an ASP
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Post by Ace on Aug 18, 2018 20:16:57 GMT
Certainly feels like it having read some of the posts in this thread! A few thousand years ago we had the "Blue Lotus" that would help you chill. Or if you feell all is too much you could always play with an ASP No thanks, last time I did that I got bitten in a rather painful place! Much like FS investors are reporting!
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position & the reality is that’s what we are doing ..i’m unsure if lending at these rates is morally correct ...
