ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 19, 2018 14:39:12 GMT
Perhaps we all need to move on and look forward rather than backward. What's done is done and cannot be changed. Au contraire brightspark , I think much can still be changed. Like FS developing some integrity for once and working seriously and full time on sorting out the humungous c**p in their Loan Book and minimising losses, instead of maximising them. Oh, and stop offering the so obviously c****y Loans in the first place. As has been said by others, after all the comment on here, if FS' continued offering of these ultra smelly Loans doesn't give us a crystal clear indication of *what they think of Lenders...................... We are just disposable cash cows on FS' way to selling up and retiring. EDIT: *and what they think they can get away with.
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Post by nobbiuscommodius on Aug 19, 2018 15:44:20 GMT
A snip from the earlier - “the logic [of performance] relies on ‘confidence’, that legendary ingredient financiers love lesser mortals to provide in doses of biblical proportions”.
The P2P here runs by integration & is the sum of its parts - the lenders. Some of the parts are very rightly miffed (equivalent to losing confidence) & to bring it away from the gritty numerical detail I post again “until there are clear signs FS are thoroughly & properly reacting to OUR reaction (just refer to the current unfilled loans etc etc etc)” then maybe the miff level gets a reduction. Miff is inversely proportional to confidence.
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rocky1
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Post by rocky1 on Aug 19, 2018 16:04:32 GMT
well i for one is well and truly miffed by all of it.
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Post by brightspark on Aug 19, 2018 16:30:33 GMT
Perhaps we all need to move on and look forward rather than backward. What's done is done and cannot be changed. Au contraire brightspark , I think much can still be changed. Like FS developing some integrity for once and working seriously and full time on sorting out the humungous c**p in their Loan Book and minimising losses, instead of maximising them. Oh, and stop offering the so obviously c****y Loans in the first place. As has been said by others, after all the comment on here, if FS' continued offering of these ultra smelly Loans doesn't give us a crystal clear indication of *what they think of Lenders...................... We are just disposable cash cows on FS' way to selling up and retiring. EDIT: *and what they think they can get away with. I would not disagree with what you are saying has happened. This forum is meant also to discuss what is happening and what might happen in the future. Of recent there has perhaps been too much emphasis on the past. To prosper FS must focus on the needs of its customers. If it doesn't then it will fail. Some opine there is a whiff of change in the air. I hope so.
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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 19, 2018 19:51:57 GMT
If all the loans due this month pay back then FS will be awash with released capital. Thegrumbler will have gone and then should be removed from the forum as he says he is leaving p2p and therefore has no right to comment. Moaners may be IFA’s who think 5% returns are good only get paid from suckers paying ongoing charges as they won’t advise non FCA protected investment so want people out of P2P.
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Still waiting for one of the people making huge losses that are supposed to be out there to demonstrate how they managed it with max of 1% per loan that would be prudent.
The government invests in P2P as do several fiscally aware institutions. Few things are all bad or all good.
Good is making money
Bad is loosing money hear thousands say “I have made money”
I hear nobody say I have lost money
So a question ?? I ask all who read this to honestly say the answer YES or N0 to the question.
Since investing in FS do you have more money now than when you started .?
A simple test to show actual results.
As with every investment past performance is no indicator of future performance
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michaelc
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Say No To T.D.S.
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Post by michaelc on Aug 19, 2018 20:09:28 GMT
So a question ?? I ask all who read this to honestly say the answer YES or N0 to the question. Since investing in FS do you have more money now than when you started .? The problem is the answer to that question can only be "I don't know". How can I know? It depends on how much of the loan book is repaid, how much is repaid and when it is repaid. Questions that nobody knows the answer to.
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coop
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Post by coop on Aug 19, 2018 20:11:17 GMT
Strawmen, strawmen everywhere...
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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 19, 2018 20:21:34 GMT
So a question ?? I ask all who read this to honestly say the answer YES or N0 to the question. Since investing in FS do you have more money now than when you started .? The problem is the answer to that question can only be "I don't know". How can I know? It depends on how much of the loan book is repaid, how much is repaid and when it is repaid. Questions that nobody knows the answer to. As expected no straight answer. Take from when you first invested up to 6 months ago if it is too difficult for you and you must have tiny returns. It is a snapshot not a exercise in predictions at this moment in time with active loans able to be sold if you like at-1% of your investment plus interest the max you can sell at.
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michaelc
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Say No To T.D.S.
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Post by michaelc on Aug 19, 2018 20:27:02 GMT
errr I think you've lost me. I mean I don't understand what you have written but some of it sounds a little attacking so I shall bow out of this conversation.
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empirica
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Post by empirica on Aug 19, 2018 20:32:36 GMT
If all the loans due this month pay back then FS will be awash with released capital. Thegrumbler will have gone and then should be removed from the forum as he says he is leaving p2p and therefore has no right to comment. Moaners may be IFA’s who think 5% returns are good only get paid from suckers paying ongoing charges as they won’t advise non FCA protected investment so want people out of P2P.. Still waiting for one of the people making huge losses that are supposed to be out there to demonstrate how they managed it with max of 1% per loan that would be prudent. I don't currently invest with FS (and haven't previously, either) so can't answer the question I've deleted from the quote.
So whilst you await your responders, a couple of questions, if I may.
1) You've stated / suggested you do not (generally) buy loans with a view to holding them to term. Instead you (generally) buy at a discount on the SM and sell for a profit on SM. Is that correct?
2) If so, do you maintain a 1% ceiling on any loans as you trade? (Or, as you have no intention of holding, do you have less restrictive limits?) 3) How easy do you find it to maintain a reasonable % of your FS pot in the market? 4) How often do you trade and how much time does it take on average per day? 5) How do you monitor the SM? 6) As you're probably not the only one doing this, how do you maintain an advantage?
7) What is to stop me or any other wanna-be-trader from doing the same and stealing your advantage? 8) Isn't this strategy all predicated on the necessity of someone to sell to? 9) If FS didn't have an SM, would you invest in P2P through them?
Given all the above _ and in reference to the point I have highlighted in green _ would it be reasonable to say that whilst it might be true 'the moaners' (and I won't disagree with you that they are certainly that!  ) may see some small financial upside to encouraging people to leave and/or discouraging new participants from joining FS, it is absolutely essential to your strategy and continued profit that as many existing people stay and new people join as possible.
All of which is a verrrry long winded way of saying: "It's just not cricket to cast aspersions at others' financial motives, when it seems abundantly clear you may have just as strong a financial motive yourself."
PS _ the questions aren't rhetorical, and I would appreciate answers, just as you would like others to answer yours.
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Post by Badly Drawn Stickman on Aug 19, 2018 20:52:30 GMT
If all the loans due this month pay back then FS will be awash with released capital. Thegrumbler will have gone and then should be removed from the forum as he says he is leaving p2p and therefore has no right to comment. Moaners may be IFA’s who think 5% returns are good only get paid from suckers paying ongoing charges as they won’t advise non FCA protected investment so want people out of P2P.. Still waiting for one of the people making huge losses that are supposed to be out there to demonstrate how they managed it with max of 1% per loan that would be prudent. I don't currently invest with FS (and haven't previously, either) so can't answer the question I've deleted from the quote.
So whilst you await your responders, a couple of questions, if I may.
1) You've stated / suggested you do not (generally) buy loans with a view to holding them to term. Instead you (generally) buy at a discount on the SM and sell for a profit on SM. Is that correct?
2) If so, do you maintain a 1% ceiling on any loans as you trade? (Or, as you have no intention of holding, do you have less restrictive limits?) 3) How easy do you find it to maintain a reasonable % of your FS pot in the market? 4) How often do you trade and how much time does it take on average per day? 5) How do you monitor the SM? 6) As you're probably not the only one doing this, how do you maintain an advantage?
7) What is to stop me or any other wanna-be-trader from doing the same and stealing your advantage? 8) Isn't this strategy all predicated on the necessity of someone to sell to? 9) If FS didn't have an SM, would you invest in P2P through them?
Given all the above _ and in reference to the point I have highlighted in green _ would it be reasonable to say that whilst it might be true 'the moaners' (and I won't disagree with you that they are certainly that! ) may see some small financial upside to encouraging people to leave and/or discouraging new participants from joining FS, it is absolutely essential to your strategy and continued profit that as many existing people stay and new people join as possible.
All of which is a verrrry long winded way of saying: "It's just not cricket to cast aspersions at others' financial motives, when it seems abundantly clear you may have just as strong a financial motive yourself."
PS _ the questions aren't rhetorical, and I would appreciate answers, just as you would like others to answer yours.
'Argument strategy' suggests from his current position attack is his only remaining option, answering would serve him badly. Once you reach a position you can no longer win an argument, refusing to admit you have lost it becomes the main driver. This does obviously assume they understand argument strategy.
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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 19, 2018 21:26:07 GMT
If all the loans due this month pay back then FS will be awash with released capital. Thegrumbler will have gone and then should be removed from the forum as he says he is leaving p2p and therefore has no right to comment. Moaners may be IFA’s who think 5% returns are good only get paid from suckers paying ongoing charges as they won’t advise non FCA protected investment so want people out of P2P.. Still waiting for one of the people making huge losses that are supposed to be out there to demonstrate how they managed it with max of 1% per loan that would be prudent. I don't currently invest with FS (and haven't previously, either) so can't answer the question I've deleted from the quote.
So whilst you await your responders, a couple of questions, if I may.
1) You've stated / suggested you do not (generally) buy loans with a view to holding them to term. Instead you (generally) buy at a discount on the SM and sell for a profit on SM. Is that correct?
2) If so, do you maintain a 1% ceiling on any loans as you trade? (Or, as you have no intention of holding, do you have less restrictive limits?) 3) How easy do you find it to maintain a reasonable % of your FS pot in the market? 4) How often do you trade and how much time does it take on average per day? 5) How do you monitor the SM? 6) As you're probably not the only one doing this, how do you maintain an advantage?
7) What is to stop me or any other wanna-be-trader from doing the same and stealing your advantage? 8) Isn't this strategy all predicated on the necessity of someone to sell to? 9) If FS didn't have an SM, would you invest in P2P through them?
Given all the above _ and in reference to the point I have highlighted in green _ would it be reasonable to say that whilst it might be true 'the moaners' (and I won't disagree with you that they are certainly that! ) may see some small financial upside to encouraging people to leave and/or discouraging new participants from joining FS, it is absolutely essential to your strategy and continued profit that as many existing people stay and new people join as possible.
All of which is a verrrry long winded way of saying: "It's just not cricket to cast aspersions at others' financial motives, when it seems abundantly clear you may have just as strong a financial motive yourself."
PS _ the questions aren't rhetorical, and I would appreciate answers, just as you would like others to answer yours.
Thanks for the question I have sent you a comprehensive answer by PM just in case others think I don’t answer awkward questions such all those ignoring my request to prove overall losses P.S I’m happy to admit I have a financial motive to make money and can only do this if everybody is also making money one big happy family. (We all know about family arguments)
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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 21:34:20 GMT
I don't currently invest with FS (and haven't previously, either) so can't answer the question I've deleted from the quote.
So whilst you await your responders, a couple of questions, if I may.
1) You've stated / suggested you do not (generally) buy loans with a view to holding them to term. Instead you (generally) buy at a discount on the SM and sell for a profit on SM. Is that correct?
2) If so, do you maintain a 1% ceiling on any loans as you trade? (Or, as you have no intention of holding, do you have less restrictive limits?) 3) How easy do you find it to maintain a reasonable % of your FS pot in the market? 4) How often do you trade and how much time does it take on average per day? 5) How do you monitor the SM? 6) As you're probably not the only one doing this, how do you maintain an advantage?
7) What is to stop me or any other wanna-be-trader from doing the same and stealing your advantage? 8) Isn't this strategy all predicated on the necessity of someone to sell to? 9) If FS didn't have an SM, would you invest in P2P through them?
Given all the above _ and in reference to the point I have highlighted in green _ would it be reasonable to say that whilst it might be true 'the moaners' (and I won't disagree with you that they are certainly that! ) may see some small financial upside to encouraging people to leave and/or discouraging new participants from joining FS, it is absolutely essential to your strategy and continued profit that as many existing people stay and new people join as possible.
All of which is a verrrry long winded way of saying: "It's just not cricket to cast aspersions at others' financial motives, when it seems abundantly clear you may have just as strong a financial motive yourself."
PS _ the questions aren't rhetorical, and I would appreciate answers, just as you would like others to answer yours.
'Argument strategy' suggests from his current position attack is his only remaining option, answering would serve him badly. Once you reach a position you can no longer win an argument, refusing to admit you have lost it becomes the main driver. This does obviously assume they understand argument strategy. All questions answered fully just not for everyone just nice people. What is your answer to my question ?
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Post by Badly Drawn Stickman on Aug 19, 2018 21:41:39 GMT
'Argument strategy' suggests from his current position attack is his only remaining option, answering would serve him badly. Once you reach a position you can no longer win an argument, refusing to admit you have lost it becomes the main driver. This does obviously assume they understand argument strategy. All questions answered fully just not for everyone just nice people. What is your answer to my question ? What was your question? And are you nice enough for me to tell you, given you have deemed me unworthy of your answers.
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reinvestor
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Post by reinvestor on Aug 19, 2018 21:54:03 GMT
Godanubis, or however you spell it, why are you always quoting APR rates in your calculations?
APR is of benefit to borrowers, not lenders. Lenders work in yields on instalment loans and flat rates on term loans.
A lender wouldn’t bother working out an APR on a loan unless they had to quote it to a client.
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) may see some small financial upside to encouraging people to leave and/or discouraging new participants from joining FS, it is absolutely essential to your strategy and continued profit that as many existing people stay and new people join as possible.