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Post by df on Nov 26, 2018 18:06:07 GMT
I'm glad I finally ditched FC, but regret I didn't do it a year ago when I had less defaults and my return was above 7%. Now it is 2.9%. Can't complain about RS. It delivers what's promised - never lost any money or had any delayed repayments. I guess the key is functional PF. I invest when the rates are up and collect repayments when they are down. ATM I'm on 4.1% Rolling and 6.4% 5 year (average 6.1%). I've signed up for both at the same time, just over 2 years ago. Good for you you prove the point that if invested with care even when there are losses the returns are more than double the banks. I have never lost overall in any P2P (we shall see about Collateral) and currently 15-18% in FS . Lendy just holds your dosh for life and you don’t have losses as they never send in the receiver. (Perhaps a little harsh)  Well, 2.9% is not the final verdict. I still have some loans that are not formally defaulted yet  I tend to think that I would have done better with banks than with FC. My average return from banks/BS is around 2.5% and FSCS protected (no headache). I'm not too fussed about FC. I will probably break even (or near) - some recoveries will offset losses. Put it down to experience. I think Col, Ly, FS and GEA/GBBA will hit me harder.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Nov 27, 2018 13:26:09 GMT
Yet another default today, updated figures on my FC total are as follows:
-1.4% since 18 Sep 2017
(+2% for period 18 Sep 2017-18 Sep 2018)
-3.4% since 18 Sep 2018
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benaj
Member of DD Central
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Post by benaj on Nov 27, 2018 14:58:54 GMT
Well, I have been with Z and FC and it seems they are now providing very similar p2p sandbox products with different returns. Comparing the two, FC easily delivers more return for investors, but the risks in the future is unknown.
I have a few accounts with FC. My oldest 6 year old account delivers 6.5% annualised return, it seems low to other FC old timer but I am happy with the performance since it uses autobid most the time and cannot diversify much until now (because less than 2k is invested), my other FC post sep '17 accounts deliver 7.4% return at the moment.
I haven't witness a whole year of negative return on FC yet. It's true the monthly return can fluctuate and sometimes it takes up to 6 months deliver positive returns. I am sure once I start withdrawing money on these accounts, the return will be lowered.
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ashtondav
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Post by ashtondav on Nov 27, 2018 16:31:45 GMT
I only started last autumn when the new system was introduced. My dashboard shows my annualised return as 6.4% and my estimated fully diversified return as 7.4% so underperforming but not much.
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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 Nov 28, 2018 2:01:29 GMT
Anybody with less than £10000 to invest should put it into the banks interest paying current accounts up to their max that pays good interest. That should get be 2.5% to 5% . I have 4 current accounts that pay good interest or can make money by switching.
M&S pay £120 for switching and £5 a month for 12mth so take £1000 for year and that is 18%. You just move £1000 around the accounts each month to meet minimum requirements and leave amounts needed for highest interest. Set up 2 direct debits in each to meet qualifying conditions.
Play the system switch regularly never never by anything without a voucher or cash back. It is amazing how a lot of little savings make one big saving.
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coogaruk
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Post by coogaruk on Nov 28, 2018 13:21:58 GMT
My dashboard shows my annualised return as 6.4% and my estimated fully diversified return as 7.4% so underperforming but not much. Mine still shows my annualised return as 8.5% and and my estimated fully diversified return as 8.4%, believe it or not.
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ashtondav
Member of DD Central
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Post by ashtondav on Nov 28, 2018 14:16:24 GMT
My dashboard shows my annualised return as 6.4% and my estimated fully diversified return as 7.4% so underperforming but not much. Mine still shows my annualised return as 8.5% and and my estimated fully diversified return as 8.4%, believe it or not. Sorry, I don’t understand. How is that possible? I assumed the annualised return was your lifetime net interest after bad debt expressed as a return on your capital, annualised.
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benaj
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Post by benaj on Nov 28, 2018 15:41:14 GMT
My dashboard shows my annualised return as 6.4% and my estimated fully diversified return as 7.4% so underperforming but not much. Mine still shows my annualised return as 8.5% and and my estimated fully diversified return as 8.4%, believe it or not. Well done on the annualised 8.5% for life time earning on FC, just ignore the estimated fully diversified return. Z has similar problem when I sold out all the plus loans, assuming the borrowers in arrears / defaults not missing further repayments / recovery payments.
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Post by df on Nov 28, 2018 16:41:55 GMT
Yet another default today, updated figures on my FC total are as follows:
-1.4% since 18 Sep 2017
(+2% for period 18 Sep 2017-18 Sep 2018)
-3.4% since 18 Sep 2018
It shows that the new "compulsory auto-bid" model has failed (for lenders). 2.9% that currently shows in my summary are due to decent gains prior to 18 Sep 2017 and £50 bonus is part of it too.
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I tend to think that I would have done better with banks than with FC. My average return from banks/BS is around 2.5% and FSCS protected (no headache). 
