michaelc
Member of DD Central
Say No To T.D.S.
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Post by michaelc on Aug 18, 2018 20:30:53 GMT
I've been told his heavenly IP address actually resolves to the NHS...
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blender
Member of DD Central
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Post by blender on Aug 18, 2018 21:48:50 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. Fortunately we have a spare Egyptian god on the thread, if Imothep is a disguised Imhotep. Although human, he was such a great architect (his 'great, towering mastaba pyramid' was a sight to see) that he was deified in 525 BCE.
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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.
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Post by Godanubis on Aug 18, 2018 23:50:30 GMT
So that's what happens when a self proclaimed god goes into meltdown. I had always wondered. Fortunately we have a spare Egyptian god on the thread, if Imothep is a disguised Imhotep. Although human, he was such a great architect (his 'great, towering mastaba pyramid' was a sight to see) that he was deified in 525 BCE. Just a youngster I go back to before upper and lower Egypt joined and my Dear Isis was a lovely goddess rather than a group of nutters. Way before Mohamed PBUH . We had our own Jimmy Saville. Min was a bit of an exobisionist
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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 19, 2018 2:25:52 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... Take £25 part bought for £22.50 there have been some. Sell at -0.2% the same day net 0.8% profit ie 288% APR withdraw the Funds and you have made 288% APR all returns are meaningless unless time frame is mentioned FS loans are 6mths extrapolated to give APR around 13% so 20+% is not only acheviable but everybody selling at a premium makes that for a short time . Happy to show full transaction history for what I said 15-20% to any moderator interested. And that is over 9-12 months. Mark twain got it right lies ,damned lies and statistics . All most folk are interested in is that when they want to take their money they have more than they started with !! As stated by others 35 million is traded in 5 month period on SM So your statement that shifting parts is not possible is factually untrue. The right parts sell and that takes work “ snowflakes “ can’t be bothered doing.
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adrian77
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Post by adrian77 on Aug 19, 2018 7:29:54 GMT
exactly - at least some sleepers investors are trying to save the ship by throwing fake lifebelts
into the ocean as if we are stupid enough not to recognise such tactics.
Not sure who was the mathematic genius behind some of the ridiculous claims made here - a certain Diane "Head of the Monastery" comes to mind although to be fair to her I don't think even she could make such egregious errors...
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
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Post by TheDriver on Aug 19, 2018 7:40:11 GMT
...I’ve over half a million in FS and have had for a while. Currently 15%-20% return mostly tax free... ...to get my return I buy and sell over 20 Million in transactions in a 5 mth loan period... Well, I have to say "I'm impressed!". Only a deity such as yourself could achieve such spectacular returns. I'm a tad surprised that someone that boasts of such large investments and so amazing powers wouldn't know his exact return down to at least 3 decimal places! To achieve 20 million in transactions in 5 months with a half million fund would require buying and selling the whole half million fund at a profit at least once a week. Again, a truly remarkable achievement. I for one would gladly pay good money to learn from such a master. I can only hope that for those mere mortal investors in FS that the fact that the God of embalming is such a devotee of the platform is not portentous. ISTM even that incredible statistic underestimates the scale of the achievement, because to turnover £20M in 20-odd weeks means a turnover of £1M/week, or selling and buying the whole portfolio TWICE every week! And doing the selling at significantly less discount!?! I have no opinion of that being possible in the past on a small scale, although I doubt the market would ever have had the opportunity of that margin being available on such a large proportion of transactions. However, perhaps Godanubis later quote of buying £25 for £22.50 and reselling at -0.2% holds some clue, because that would be a 10% discount on the original purchase, so maybe all his calculations are exaggerated by a factor of 10! Having said all that, I can see that historically, actively managed portfolios selling out before repayment (or not!) could avoid defaults, but that's not a sustainable business model as has now become apparent because those buying the toxic parts have no funds/ confidence to invest.
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rocky1
Member of DD Central
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Post by rocky1 on Aug 19, 2018 8:09:18 GMT
certainly not time poor then.maybe asset rich.nice bit of banter going on though.must be something in the air lately around here.a lot of us are losing the plot.best thread across p2p forums at the moment for a bit of a laugh.keep throwing out the bait and the fish will bite.will not join in as completely out of my depth on this but like the comments and counter comments.some one is telling porkies or is getting very confused.
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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
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Post by Godanubis on Aug 19, 2018 8:25:23 GMT
“The driver” sums up nicely those with “toxic “ loans think everything is bad F.C. had an 8% published default rate On the high return loans but people still invested and made money in the days when you could buy and sell on that platform at a premium or discount. There are still Loans that after paying you to buy them.
My main point is do not ever hold a loan to completion and you will never suffer defaults it is all the scaremongers that have causing the glut of -1% loans for sale as those a Nervous disposition try to get out. Just look at Turkey as an example all gloom and doom. yet last week the Turkish lira rose by 18% are years interest in one week some people made a killing. Those taking a calculated risk are making a killing on FS too. If you are prepaired to buy loans at the end and assume they will be paid within a year nearly all fall into that category.
Those spouting disaster have yet to show me ANYBODY Who has made an overall loss on a diversified portfolio of 1% of capital per loan. So put up your evidence or shut up.
Even the oldest loans on FS are about to pay something soon.
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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 19, 2018 8:41:50 GMT
Defaulted does not mean loss it just means late even the 100% loss that has been spouted about is unlikely now as all tranches are ranked equal on a lot of new loans. In a two year period there are only a tiny number of loans that made a capital loss. KEEP CALM AND WAIT. . Can’t say it too many times Diversify Diversify, diversify and you will make a very good return comparedi to other available investments 10% is comfortable for most people using FS for modest sums. I would say £3000 is minimum to achieve this easily. But it can take time if you hold loans to completion.
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bg
Member of DD Central
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Post by bg on Aug 19, 2018 9:30:57 GMT
In FS there is NO MARKET anymore, as people are understanding that FS cannot survive continuing with their 'wait and see' approach and letting millions ad millions (over 40% of the protfolio by value) in NPLs. It is stupid even talking about the past. Whatever you made in 2017 with flipping parts, it is NOT REPEATABLE now. Now that just simply isn't true. The market is still trading. I have sold £33k in the last 5 days and £70k this month. There has been a noticeable pickup since 14 Aug. Admittedly I don't invest in every single loan but use basic common sense when assessing each one (which takes about 20-30 secs) and probably hit about 1 in 3. It is also incorrect to say that over 40% of the portfolio is in NPL's. Loans that are 3 months or longer late represent 28.7% of the portfolio. Given the nature of the loans (bridge/dev) a better classification to use would be loans later than 6 months in my opinion which stands at 14.5%. These figures lower than other comparable platforms (L or MT for example).
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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
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Post by Godanubis on Aug 19, 2018 9:32:47 GMT
Of the loans selling currently at -1% more than 30 have less that £2500 actually selling at -1% I have sufficient funds to buy them all and then sell at what I decide is required to make small profit on each. Again I ask show evidence of overall losses.
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Post by Ace on Aug 19, 2018 9:33:10 GMT
Well, I have to say "I'm impressed!". Only a deity such as yourself could achieve such spectacular returns. I'm a tad surprised that someone that boasts of such large investments and so amazing powers wouldn't know his exact return down to at least 3 decimal places! To achieve 20 million in transactions in 5 months with a half million fund would require buying and selling the whole half million fund at a profit at least once a week. Again, a truly remarkable achievement. I for one would gladly pay good money to learn from such a master. I can only hope that for those mere mortal investors in FS that the fact that the God of embalming is such a devotee of the platform is not portentous. ISTM even that incredible statistic underestimates the scale of the achievement, because to turnover £20M in 20-odd weeks means a turnover of £1M/week, or selling and buying the whole portfolio TWICE every week! And doing the selling at significantly less discount!?! I have no opinion of that being possible in the past on a small scale, although I doubt the market would ever have had the opportunity of that margin being available on such a large proportion of transactions. However, perhaps Godanubis later quote of buying £25 for £22.50 and reselling at -0.2% holds some clue, because that would be a 10% discount on the original purchase, so maybe all his calculations are exaggerated by a factor of 10! Having said all that, I can see that historically, actively managed portfolios selling out before repayment (or not!) could avoid defaults, but that's not a sustainable business model as has now become apparent because those buying the toxic parts have no funds/ confidence to invest. I was being generous in assuming that a 20 million turnover meant buy 10 million and sell 10 million. Hence the half million turnover once per week rather than every 4 days. Though I'm not sure why we're bothering to apply logic to such an obviously disingenuous post. I had hoped that most would see through it, though thought it best not to speculate on the motive, tempted though I am. I decided to enter in to, what I had hoped would be considered as, rather light hearted banter on a Saturday night to highlight the ridiculousness of the claim. Just in case some poor soul took the claim seriously.
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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 19, 2018 9:36:09 GMT
In FS there is NO MARKET anymore, as people are understanding that FS cannot survive continuing with their 'wait and see' approach and letting millions ad millions (over 40% of the protfolio by value) in NPLs. It is stupid even talking about the past. Whatever you made in 2017 with flipping parts, it is NOT REPEATABLE now. Now that just simply isn't true. The market is still trading. I have sold £33k in the last 5 days and £70k this month. There has been a noticeable pickup since 14 Aug. Admittedly I don't invest in every single loan but use basic common sense when assessing each one (which takes about 20-30 secs) and probably hit about 1 in 3. It is also incorrect to say that over 40% of the portfolio is in NPL's. Loans that are 3 months or longer late represent 28.7% of the portfolio. Given the nature of the loans (bridge/dev) a better classification to use would be loans later than 6 months in my opinion which stands at 14.5%. These figures lower than other comparable platforms (L or MT for example). Well grumpy grumbler is BG a liar ?. Don.t tar us all with your inept brush
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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
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Post by Godanubis on Aug 19, 2018 9:42:03 GMT
Good morning Ace hope you don’t have a hangover. You are right too many points of view .The bottom line is make up your on mind and strategy. Mine works for me as “BG” confirms for the right loans you can still be pretty active.
Have a nice (profitable) day
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Post by nobbiuscommodius on Aug 19, 2018 9:47:05 GMT
Roman action brought a stop to the Egyptian stuff - Nobbiuscommodius, commander of the barmies of the south, husband to my current wife, father to a son from a previous marriage & I will have my say.
Think the thread is going a bit off plan here so I’m gonna prod it with my simplistic viewpoint. Godanubis may well be a deity 1/2M BH but I note the complex accountancy type analysis (accountancy: - simple mathematics for the innumerate). Drumming up 288% from a point in time snapshot expanded by A/C jargon is somewhat typical of the dark arts that produce results like Lehman, RBS, Tesco statement - think back with eyes on now. A pot of money that goes around with each pit stop taking a slice of the action - then next charge, renewal etc & only a debt left waiting for the less informed to fill it up. Off we go again until it goes booof. If the output on site (the object the money is supposed to be directed at) is incomplete, over-rated or misrepresented - bingo fuel, Whitehaven, Turbine, Knaresbro, S Wales & similar.
Godanubis is probably right but the logic relies on ‘confidence’, that legendary ingredient financiers love lesser mortals to provide in doses of biblical proportions to keep the loop moving - hang on until it pays back. Options on the gone bad ones seems to be to me either they flog it if poss or start anew for the merrygoround above. Nicely wrapped in a confidence envelope of course. Or maybe move it to another P2P (e*****n b**w comes to mind).
The present status with my lesser ££’s in FS have resulted in apx. 20% pull out with some 30% residing un-invested on the site dashboard at the moment (for info Godanubis I easily meet your £3k requirement & I readily accept there will be knock backs nor do I worry about the dosh not presently earning) which maybe, just maybe, FS see as a ‘Housten, we have a problem, why isn’t Nobbius chucking into all our lovely offerings’. Bet the accountants will still be able to make it 65.5% still invested on active loans. Hmmmmmmmm. ..... & the original start to all this was us being fed up with the overdues with stupid updates remember (I just did).
I like diversity, they were good on BGT. Hope you all at least get a giggle from this post.
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