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Post by df on Sept 6, 2018 17:03:51 GMT
It’s none of my business, but I don’t think it’s a good idea to gamble your Mum’s care home fees on these p2p platforms. The risks are far too great. There’s constant speculation that LY and FS are going to imminently go under and whilst so far that hasn’t been the case I don’t think these fears are unfounded by any means. That’s not to mention all the other risks. Appreciate you sharing your experience and motivations here on the forum though. Best of luck. I've asked many times before for anyone who has made an overall loss in FCA approved P2P with properly diversified investment to let us know.
To date NOBODY has come forward .
Probably because NOBODY knows what and when they are getting back from failed loans...
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IFISAcava
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Post by IFISAcava on Sept 6, 2018 17:06:47 GMT
Fs 300K Lendy 200 K actually now I add them all up as these are in different accounts on each platform p2p over 600k alone most in FISAs 600k in p2p that is nuts! Never invested on Lendy before...what is that like as a platform compared to FS? Liquidity...cash drag...rates...etc...? Disagree that 600k is nuts (depends on your portfolio etc). What I wouldn't do is have so little platform diversification.
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Post by Ace on Sept 6, 2018 17:16:07 GMT
From Lendy, FS, FC , welendus and MT - where is the majority invested? Lendy 200 K actually now I add them all up as these are in different accounts on each platform p2p over 600k alone most in FISAs That's interesting. You claimed to have over 500k in FS only last month. Is your unshakable confidence in FS waning? That's quite a rapid sell-off!
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Godanubis
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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 Sept 6, 2018 21:16:07 GMT
Fs 300K Lendy 200 K actually now I add them all up as these are in different accounts on each platform p2p over 600k alone most in FISAs That's interesting. You claimed to have over 500k in FS only last month. Is your unshakable confidence in FS waning? That's quite a rapid sell-off! investments are spread over several p2p and moved around each there are several accounts in each FISAs and main accounts as I've said before hundreds of thousands moved around monthly It's famly thing to pay fees for my mum and also fun.
When one platform is slow I move funds to others and other accounts in the same platforms either making profit buying whole loan parts on SM or avoiding charges/tax so accurate figures are nearly impossible and really do not matter as long as I have more money at the end of each day than started with. Every single loan is for sale where there are no charges or loss of interest in doing so. A little extra profit each day adds up. Different approaches to each platform.
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Godanubis
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Post by Godanubis on Sept 6, 2018 21:26:09 GMT
I've asked many times before for anyone who has made an overall loss in FCA approved P2P with properly diversified investment to let us know.
To date NOBODY has come forward .
Probably because NOBODY knows what and when they are getting back from failed loans... I'm happy if someone assumed 100% loss in defaulted loans and was able to show that they had a fully diversified portfolio and had made a loss in the last 1-2 years
So assuming that can anybody show us all how they managed a loss at any point in that time ??
I am sure there are many who can show a loss in the stock market at some point over the same period.
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Godanubis
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Post by Godanubis on Sept 6, 2018 21:35:38 GMT
Fs 300K Lendy 200 K actually now I add them all up as these are in different accounts on each platform p2p over 600k alone most in FISAs 600k in p2p that is nuts! Never invested on Lendy before...what is that like as a platform compared to FS? Liquidity...cash drag...rates...etc...? If you look at what is invested and by who there are several people investing a good bit more than my total in FS alone.
As for Lendy it does not pay interest on selling parts or allow selling other than cost and can't avoid Tax where due as interest paid
monthly.
Only Plus is SM not restricted to loan original period and highish Tax free bonuses available. TheY rarely default loans in a timely manor so investments require a little more DD
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bg
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Post by bg on Sept 26, 2018 16:53:26 GMT
Out of interest, the number of loans for sale at the maximum discount (1%) has dropped dramatically in the past 3 weeks. From a high of 164 on Aug 10th to 67 right now. Sentiment is definitely improving - for some at least. Just an update on this graph. Loans for sale at 1% has now fallen to 27. 
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