duck
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Post by duck on Aug 22, 2018 16:27:12 GMT
I am a long term member of this forum but I have found myself posting less and less over the past few years.
When the forum started there was some decent DD on both platforms and loans but this now seems to be swamped by noise and negative posts about both platforms and loans.
I accept that problems need to be called out but I'm finding it tiring in the extreme scrolling though page after page of negative posts which contribute nothing to sorting the already known problem.
Taking for example one platform FS. Everything I read is negative yet I have been investing there for several years and have made a tidy profit in spite of a few losses. It seems to me that the many loans that have completed successfully are not worthy of mention.
P2P is still a new industry (I've been in it for over 6 years) and I want to see it flourish. For the industry to flourish it will need new investors. If I was a new investor who found this forum and read the recent posts I would run a mile.
I fully expect to be flamed for this post (so be it) and anyway I'm told crispy duck is rather tasty.
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Post by Badly Drawn Stickman on Aug 22, 2018 16:51:21 GMT
I am a long term member of this forum but I have found myself posting less and less over the past few years. When the forum started there was some decent DD on both platforms and loans but this now seems to be swamped by noise and negative posts about both platforms and loans. I accept that problems need to be called out but I'm finding it tiring in the extreme scrolling though page after page of negative posts which contribute nothing to sorting the already known problem. Taking for example one platform FS. Everything I read is negative yet I have been investing there for several years and have made a tidy profit in spite of a few losses. It seems to me that the many loans that have completed successfully are not worthy of mention. P2P is still a new industry (I've been in it for over 6 years) and I want to see it flourish. For the industry to flourish it will need new investors. If I was a new investor who found this forum and read the recent posts I would run a mile. I fully expect to be flamed for this post (so be it) and anyway I'm told crispy duck is rather tasty. I like my Duck gently grilled, so just a simple question. If all the people complaining about the lack of good posts were making them, would that not correct the imbalance?
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bg
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Post by bg on Aug 22, 2018 16:53:42 GMT
But what about Whitehaven?  |
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duck
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Post by duck on Aug 22, 2018 17:03:07 GMT
But what about Whitehaven? I remember posting my view on Whitehaven when the loan launched, I didn't go in.
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duck
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Post by duck on Aug 22, 2018 17:08:50 GMT
I like my Duck gently grilled, so just a simple question. If all the people complaining about the lack of good posts were making them, would that not correct the imbalance? I suspect that I am not alone in carrying out DD but not posting it (mainly because it would fall foul of the forum rules) but the point I am making is that there are so many negative posts the decent ones would still get drowned out. Yes I've been peeved by the outcome of certain loans but I see no point in posting how p155ed off I am. What does that add?
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Post by Badly Drawn Stickman on Aug 22, 2018 17:26:09 GMT
I like my Duck gently grilled, so just a simple question. If all the people complaining about the lack of good posts were making them, would that not correct the imbalance? I suspect that I am not alone in carrying out DD but not posting it (mainly because it would fall foul of the forum rules) but the point I am making is that there are so many negative posts the decent ones would still get drowned out. Yes I've been peeved by the outcome of certain loans but I see no point in posting how p155ed off I am. What does that add? You obviously qualify to get access to DDc, where you could post your contribution without any risk to forum rule breaking. Certainly could do with a few more doing a shift. I have never seen any 'loan moaning' there.
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Post by Ace on Aug 22, 2018 17:44:43 GMT
I am a long term member of this forum but I have found myself posting less and less over the past few years. When the forum started there was some decent DD on both platforms and loans but this now seems to be swamped by noise and negative posts about both platforms and loans. I accept that problems need to be called out but I'm finding it tiring in the extreme scrolling though page after page of negative posts which contribute nothing to sorting the already known problem. Taking for example one platform FS. Everything I read is negative yet I have been investing there for several years and have made a tidy profit in spite of a few losses. It seems to me that the many loans that have completed successfully are not worthy of mention. P2P is still a new industry (I've been in it for over 6 years) and I want to see it flourish. For the industry to flourish it will need new investors. If I was a new investor who found this forum and read the recent posts I would run a mile. I fully expect to be flamed for this post (so be it) and anyway I'm told crispy duck is rather tasty. HI duck, I'm definitely not flaming here, but I do, respectfully, disagree with your post. I'm fairly new to this P2P malarkey (about 6 months in) and I value the posts that you are referring to greatly, though I do accept that one thread in particular went on a bit too long. I find it very helpful to hear poster's views on loans and platforms to help me decide where to invest. I certainly don't take everything I read as gospel, as there are, IMHO, some posters that clearly have ulterior motives. I value both positive and negative posts to help me decide which is correct. This also includes valuing your post, which I will hopefully take into consideration in future before making some of my more frivolous posts. ,
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zlb
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Post by zlb on Aug 22, 2018 18:16:09 GMT
In some fields, have the good/reliable borrowers and projects run out? Eg a platform starts up, a few good and interesting borrowers appear, out of the woodwork, but the platform over estimates how many more there are, and after a statistical duration in time, the characteristics of borrowers changes... ? Just something that I've briefly pondered at times.
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duck
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Post by duck on Aug 22, 2018 18:56:41 GMT
.... I'm fairly new to this P2P malarkey (about 6 months in) and I value the posts that you are referring to greatly, though I do accept that one thread in particular went on a bit too long. I find it very helpful to hear poster's views on loans and platforms to help me decide where to invest. I certainly don't take everything I read as gospel, as there are, IMHO, some posters that clearly have ulterior motives. I value both positive and negative posts to help me decide which is correct. This also includes valuing your post, which I will hopefully take into consideration in future before making some of my more frivolous posts. I agree with you, there should be both positive and negative points of view put forwards otherwise lenders would not have the whole picture. That said in my opinion the balance has been lost. In my time investing in P2P I have seen a fair number of platforms launch and become flavour of the month with everybody singing their praise .... then the cycle proceeds and defaults are registered. What was once the favoured platform becomes a candidate for 'will it survive' type posts which starts a feeding frenzy often containing unsubstantiated speculation. P2P (especially development loans) is a particularly risky form of investment where the returns if got right are good but get it wrong and your wallet can become very light. Most investors 'here' say they expect defaults so why all the noise when a loan goes bad?
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lara
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Post by lara on Aug 22, 2018 19:26:17 GMT
.... I'm fairly new to this P2P malarkey (about 6 months in) and I value the posts that you are referring to greatly, though I do accept that one thread in particular went on a bit too long. I find it very helpful to hear poster's views on loans and platforms to help me decide where to invest. I certainly don't take everything I read as gospel, as there are, IMHO, some posters that clearly have ulterior motives. I value both positive and negative posts to help me decide which is correct. This also includes valuing your post, which I will hopefully take into consideration in future before making some of my more frivolous posts. I agree with you, there should be both positive and negative points of view put forwards otherwise lenders would not have the whole picture. That said in my opinion the balance has been lost. In my time investing in P2P I have seen a fair number of platforms launch and become flavour of the month with everybody singing their praise .... then the cycle proceeds and defaults are registered. What was once the favoured platform becomes a candidate for 'will it survive' type posts which starts a feeding frenzy often containing unsubstantiated speculation. P2P (especially development loans) is a particularly risky form of investment where the returns if got right are good but get it wrong and your wallet can become very light. Most investors 'here' say they expect defaults so why all the noise when a loan goes bad? As a relatively inexperienced p2p lender, (previous experience only with RS) I agree with Ace. It's just as important to hear the negative input as the positive. From my albeit limited exposure to this forum it seems that many of the complaints are not so much about a loan going bad per se but rather about the fact that the particular platform could have handled things better at whatever point along the line.
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Greenwood2
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Post by Greenwood2 on Aug 22, 2018 19:39:13 GMT
This thread seems to be similar to the 'The state of this forum' thread. it seems to be covering the same ground. Do they need to be merged?
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Post by Proptechfish on Aug 22, 2018 20:02:19 GMT
duck I agree whole heartedly with your support for your industry as a whole and i like to think what i post is considered and fair at the time. For me personally i'm invested very widely across the sector but there is one platform in particular i have had to bite my tongue and defend for months now but quite frankly i am exasperated with their utter shambolic process and attitude towards their investors. So now i have a total break down in trust and have been (attempt) exiting for several months. On the other hand there are platforms I'm with that get a lot of criticism that i have not personally experienced so i remain a customer, until a time that trust deteriorates. So personally i take criticism with a pinch of salt but at same time there is no smoke with out fire and i try form my own option based on personal experiences rather than 'noise'. This is bore out in exactly how i build my investment portfolio, based on personal experiences not empty promises. So to make the point yes negative posting can be tedious but i don't believe it's largely unfounded, but ultimately i rely on my own due diligence/experiences and a bit of gut feeling before investing with my cash. (But occasionally an emotion might escape, i am human after all )
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michaelc
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Post by michaelc on Aug 22, 2018 20:10:20 GMT
This thread seems to be similar to the 'The state of this forum' thread. it seems to be covering the same ground. Do they need to be merged? One after the other or interleaved?  I certainly agree the threads are similar. Its quite a coincidence. On topic what can the folk that run the forum do about the sometimes over the top posters that bang on and on with their views? Personally I prefer a light touch and such posters will be judged by their peers for who they are. I suppose if it gets completely extreme the person could be warned to relax a bit... And incidentally its not always the negative view that gets perpetuated that way. There was one poster recently in the FS area, that went absolutely mental pushing as far as I could say a positive view of the platform albeit with some interesting twists. Far more important is to guard against groups/syndicates of investors who might use the forum to spin their own view for their own ends. Market manipulation has been going on since the dawn of capitalism and is "normal" in that sense. However, its is much harder to spot on this forum and I'm glad those running the forum are doing their best to try to stamp it out for the benefit of the "normal" consumer investor like myself.
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Post by Duane Dibley on Aug 22, 2018 21:11:47 GMT
When the forum started there was some decent DD on both platforms and loans but this now seems to be swamped by noise and negative posts about both platforms and loans. It's no wonder really me duck. When this forum started P2P was the shiny new thing, hip, trendy and THE place to put your hard-earned into. Roll on a few years and the shine has tarnished somewhat and flaked off altogether in places leaving people to ask themselves why on earth did I put my money into a half-built block of flats somewhere I'd never heard of, when I could have invested it in Google, Amazon or Microsoft? So it's no surprise that the thread below this one is full of people questioning how to transfer their money out of P2P as fast as they can.
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Greenwood2
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Post by Greenwood2 on Aug 23, 2018 6:03:29 GMT
When the forum started there was some decent DD on both platforms and loans but this now seems to be swamped by noise and negative posts about both platforms and loans. It's no wonder really me duck. When this forum started P2P was the shiny new thing, hip, trendy and THE place to put your hard-earned into. Roll on a few years and the shine has tarnished somewhat and flaked off altogether in places leaving people to ask themselves why on earth did I put my money into a half-built block of flats somewhere I'd never heard of, when I could have invested it in Google, Amazon or Microsoft? So it's no surprise that the thread below this one is full of people questioning how to transfer their money out of P2P as fast as they can. A few of us (from the old times) did try to point out that 12% and no losses (on the new fangled platforms) wouldn't last, and there would be anguish when losses started happening, but that fell on deaf ears at the time. I remember the outcry at the very first loss on Zopa, how could he take our money and not pay back...nothing changes.
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