Mr_N
Posts: 222
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Post by Mr_N on Jan 7, 2019 9:16:30 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.
You'll soon change your tune when your last loan defaults.
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sl75
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Post by sl75 on Jan 7, 2019 11:09:48 GMT
You'll soon change your tune when your last loan defaults. In 2018, I received in interest payments an amount equivalent to 5 times the amount I normally invest in any one loan, and over the lifetime of my account, the total interest payments are equivalent to about 25% of my account value.
There is PLENTY of scope for an increase in losses before I reach a net negative expectation, and ongoing interest payments received even this month continue to maintain that overall expectation.
Obviously the situation will be different for those who already sold off all the good loans and are only left with the non-performing ones.
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Post by brightspark on Jan 7, 2019 17:11:17 GMT
For most property investors the gains accumulate exponentially in dribs and drabs. Until losses are crystallised which can take some time everything looks rosy. it only needs a very small number of such loss crystallisations to wipe out hard earned gains and the smile off the faces of most investors. To varying degrees all investors are in this situation. A lucky few are in loans till performing, a declining few have a mixed bag whilst fag enders have nothing but underperforming loans (sometimes a substantial part of their portfolio). So who wants out at any price, who is warily eyeing the situation and who is lying on a bed of roses will colour their perspective of this survey. By itself the survey is a bit of light relief. If it was regularly repeated it might show trends of where we were but it is unlikely to give much of an indication of where we are going.
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Post by faraday815 on Jan 27, 2019 20:48:39 GMT
0%
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zlb
Member of DD Central
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Post by zlb on Jan 27, 2019 23:15:31 GMT
It's a pity the poll isn't weighted to reflect the relative investment of voters. Or weighted by the percentage of capital in the platform
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Post by faraday815 on Jan 27, 2019 23:35:06 GMT
It's a pity the poll isn't weighted to reflect the relative investment of voters. Or weighted by the percentage of capital in the platform This would have made a lot of sense, yes, and would explain my earlier response of zero percent.
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jomantha
Member of DD Central
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Post by jomantha on Feb 2, 2019 14:30:33 GMT
I'd take nothing now. I just want out.
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Carter
Member of DD Central
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Post by Carter on Feb 2, 2019 14:51:28 GMT
I'd take nothing now. I just want out. I'll give you nothing for it. Send Lendy an email and ask them to assign your account to me.
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Post by GSV3MIaC on Feb 2, 2019 16:15:11 GMT
I'll give him 1p for it.. 2p if it doesn't come with too much London Loans ..
Ooh look, discount loan part sales ..
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adrianc
Member of DD Central
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Post by adrianc on Feb 2, 2019 18:47:21 GMT
I'll give him 1p for it.. 2p if it doesn't come with too much London Loans ..
Ooh look, discount loan part sales ..
Copper coins are so last century. 5p! In fact, soddit, 10p!
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Mucho P2P
Member of DD Central
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Post by Mucho P2P on Feb 2, 2019 19:51:21 GMT
I'd take nothing now. I just want out. I agree with carter here, I am willing to consider taking on the loan for nothing. seriously speaking, if you want me to take it off your hands, PM me with how much you hold, and will discuss further. In fact, anyone wants me to take off their London loans from them, PM me so that I get a feel for the numbers and £ involved and we can take it from there. I am not sure Lendy will agree but will be interesting to see. Mods, this is not an offer for business, but an offer to help, remove this post if you think it infringes any regs.
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invester
P2P Blogger
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Post by invester on Feb 2, 2019 20:03:15 GMT
To be fair, I think that is an exaggeration. Accepting nothing would imply you believe the value to be less than nothing - perhaps could be the case if it was a collection of the very worst loans.
In my spreadsheet to calculate XIRR I have impaired my account value by 50% for prudence. I actually suspect that even this might not be enough.
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Mucho P2P
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Post by Mucho P2P on Feb 2, 2019 20:18:51 GMT
To be fair, I think that is an exaggeration. Accepting nothing would imply you believe the value to be less than nothing - perhaps could be the case if it was a collection of the very worst loans. In my spreadsheet to calculate XIRR I have impaired my account value by 50% for prudence. I actually suspect that even this might not be enough. There is a possibility that the value is less than nothing with this specific loan, if you look at the claimants demands, and she is successful!! Which we all hope she will be far from successful.
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Post by scookey on Feb 3, 2019 19:24:24 GMT
Just worked it out & 82% of the money in the account is what I put in in cash, the other 18% is made up of the interest over the 3.5 years I've been in Lendy, as the last couple of interest paying loans I'm in have had their payments stopped ahead of the loan end date - meaning interest had been paid to Lendy, but they have stopped paying it out to the investors - or so I believe & am being told - everything I can sell out of my £15k investment I have now placed to sell - about £600 - so IF I could get my "real" money out I'd take it
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Post by robberbaron on Feb 4, 2019 13:30:50 GMT
0%
I only have a small 3 digits amount left which I have written down. Most of my funds have been withdrawn for over a year.
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