tombraider
Member of DD Central
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Post by tombraider on Jan 4, 2019 10:19:45 GMT
People got grumpy when I posted this poll before so I took it down....
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SteveT
Member of DD Central
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Post by SteveT on Jan 4, 2019 11:01:39 GMT
It's akin to asking "Which foot would you prefer to shoot yourself in?"
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Post by masquedefer on Jan 4, 2019 13:25:17 GMT
It's a pity the poll isn't weighted to reflect the relative investment of voters.
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Post by loftankerman on Jan 4, 2019 19:44:49 GMT
It's a pity the poll isn't weighted d to reflect the relative investment of voters. Well I imagine that it is debatable whether 80 voters in a self selected group of 'activists' could be regarded as representative of the feelings of all investors anyway, regardless of how many there really are. I'm sure Lendy would be pleased to have figures that could be claimed to represent their chosen paths anyway. I get the feeling that the trend here to an increasing number of doom based topics and numbers of hand wringing and repetitive posts on them suggests a lot of depression among the members. Whilst misery may love company, it doesn't alleviate anything, especially if trolls may be contributing, much to their amusement. If anyone really does need to talk, The Samaritans do provide anonymous email access. The how of that is explained if you Google them. I'm neither troll nor Samaritan but suggest if a compassionate ear is really needed, there is a better place than here.
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Post by charliebrown on Jan 5, 2019 1:50:15 GMT
A better poll might have been “how long do you think LY can remain in business” and “what % of bad loans do you think LY can recover”. This makes it more generic and not about anyone’s own specific loans.
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Post by loftankerman on Jan 5, 2019 9:17:31 GMT
A better poll might have been “how long do you think LY can remain in business” and “what % of bad loans do you think LY can recover”. This makes it more generic and not about anyone’s own specific loans. An even better option would have been to stop picking at scabs and do something more fruitful with one's time.
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Post by brightspark on Jan 5, 2019 22:02:36 GMT
Voters are confusing what they would like to achieve i.e. full recovery - wouldn't we all - with a haircut realistically acceptable if offered. Hence the skewed voting. Either that or voters do not live in the real world where statistically 12% loans fail pretty often.
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Post by Proptechfish on Jan 6, 2019 17:47:22 GMT
I'm lucky that Lendy only makes up about 3.00% of my P2P portfolio so the time weighted/lost income argument for me is fairly irrelevant. I expect 100.00% of capital to be returned because I refuse to give Lendy any quarter following a catalog of failures and the total contempt they have shown towards their lender base over the last 12 months. If fact I've just posted my latest Lendy results on my blog (after several months agonising of what to write) and i thinks it's as frank as i can possibly get away with.
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Mr_N
Posts: 222
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Post by Mr_N on Jan 6, 2019 19:27:20 GMT
I'm lucky that Lendy only makes up about 3.00% of my P2P portfolio so the time weighted/lost income argument for me is fairly irrelevant. I expect 100.00% of capital to be returned because I refuse to give Lendy any quarter following a catalog of failures and the total contempt they have shown towards their lender base over the last 12 months. If fact I've just posted my latest Lendy results on my blog (after several months agonising of what to write) and i thinks it's as frank as i can possibly get away with. A good read, thanks
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Post by brightspark on Jan 6, 2019 19:52:05 GMT
I'm lucky that Lendy only makes up about 3.00% of my P2P portfolio so the time weighted/lost income argument for me is fairly irrelevant. I expect 100.00% of capital to be returned because I refuse to give Lendy any quarter following a catalog of failures and the total contempt they have shown towards their lender base over the last 12 months. If fact I've just posted my latest Lendy results on my blog (after several months agonising of what to write) and i thinks it's as frank as i can possibly get away with. Agree with the sentiments but can an explanation be offered as to why the lender expects (as opposed to asks or demands) 100% return of capital. I too would ask for 100% return of capital plus accrued interest on my wobbling loans but I am not holding my breath. "Expects" implies knowledge that the investments are sound and will come right presumably within a reasonable time frame.
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Mr_N
Posts: 222
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Post by Mr_N on Jan 6, 2019 20:12:13 GMT
Of course you wouldn't agree you started the poll !!! Yes, but I didn't force anybody to vote in it... If anything it serves to highlight just how few investors are prepared to be swindled into a lower return of capital. There are a few, but overwhelmingly investors are not prepared to entertain making a loss. That's a lot of cash-rich people willing to legally challenge unacceptable losses if need be.
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Post by Proptechfish on Jan 6, 2019 20:21:30 GMT
I'm lucky that Lendy only makes up about 3.00% of my P2P portfolio so the time weighted/lost income argument for me is fairly irrelevant. I expect 100.00% of capital to be returned because I refuse to give Lendy any quarter following a catalog of failures and the total contempt they have shown towards their lender base over the last 12 months. If fact I've just posted my latest Lendy results on my blog (after several months agonising of what to write) and i thinks it's as frank as i can possibly get away with. Agree with the sentiments but can an explanation be offered as to why the lender expects (as opposed to asks or demands) 100% return of capital. I too would ask for 100% return of capital plus accrued interest on my wobbling loans but I am not holding my breath. "Expects" implies knowledge that the investments are sound and will come right presumably within a reasonable time frame. Fair point, maybe 'asks/demands' would have been a better term. What i was getting at is i would like Lendy to recover what that can in a reasonable time frame and foot the bill for the sort fall out their own pocket in recognition of said catalog of failures. Of course i'm aware this is probably wishful thinking but i think it's a fair stance to take with this specific situation with Lendy.
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Post by picanto on Jan 6, 2019 23:41:31 GMT
What a load of garbage. Post a poll on a public forum to give ammunition to a platform to justify giving lenders a haircut. Your braincell must be lonely. You can have an opinion without resorting to petty insults. That's pretty low.
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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 Jan 7, 2019 0:06:38 GMT
What a load of garbage. Post a poll on a public forum to give ammunition to a platform to justify giving lenders a haircut. Your braincell must be lonely. You can have an opinion without resorting to petty insults. That's pretty low. I agree with the personal comment being inappropriate. We are adults I have differences often on here I respect others views but can also have spirited debate. As to the poll there is not a 🐈 chance in hell anyone contemplating trying to shortchange investors needs instruction from a forum. They just ask the actual lenders. As for predictions JUST WAIT .. There is no advantage to not resolving loans if that is the best course. Once you actually have a loss then comment then after recovery routes are exhausted complain and move on..
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sl75
Posts: 2,092
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Post by sl75 on Jan 7, 2019 8:18:45 GMT
Voters are confusing what they would like to achieve i.e. full recovery - wouldn't we all - with a haircut realistically acceptable if offered. Hence the skewed voting. Either that or voters do not live in the real world where statistically 12% loans fail pretty often. The poll isn't about recovery on just the "bad" loans, but about an entire portfolio that, for many voters, also includes several "good" loans still reliably paying 12% interest, or where full recovery including accrued interest and bonus is still eventually expected.
If I could pick and choose, there are one or two individual loans I'd happily be shot of for 50% capital recovery (only a tiny fraction of overall portfolio value invested, but a lot of headaches...), but I doubt anyone would be buying at that level on a "pick-and-choose" basis for those specific loans. Conversely other well-performing loans (or a handful of technically "non-performing" loans where there is a reasonable expectation of making a full recovery including all accrued interest and bonus), I'd be reluctant to sell even if offered 101% or more. For the overall portfolio I'm still expecting to make money, so someone wanting to take the entire portfolio from me would need to pay at least 100% of the current portfolio value, and that was the question asked in the poll as I understand it.
The huge skew seems to me to come from people who've already sold off all the "good" loans, so their entire portfolio represents only the rubbish they couldn't sell through normal channels.
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