captainconfident
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Post by captainconfident on Jan 15, 2019 15:46:09 GMT
There's a bright golden haze on the meadow The corn is as high as an elephant's eye And it looks like it's climbing clear up to the sky Oh, what a beautiful mornin' Oh, what a beautiful day I've got a beautiful feeling Everything's going Lendys way This is exactly the kind of positivity this thread requires. Well played, jane. However, nyquest, back to the changing room for you and really, there are many other threads on this board on which you could repeat your negative thoughts. Oh, you already did.
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boundah
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Post by boundah on Jan 15, 2019 16:21:30 GMT
[draws hard on his joint] Yep, all seems pretty mellow to me.
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Steerpike
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Post by Steerpike on Jan 15, 2019 16:56:47 GMT
We're no strangers to Lendy, they know the rules and so do we, full commitment's what I'm thinking of. |
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Post by masquedefer on Jan 15, 2019 21:41:15 GMT
Life is so rosey. All I can see is tulips and bubbles and one oaks and ZDPFs and Bernie’s and CDOs and....... whatever is next...........
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jomantha
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Post by jomantha on Jan 15, 2019 23:03:51 GMT
Even under the most poetic of license I cannot think of anything positive to say about them,
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sydb
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Post by sydb on Jan 15, 2019 23:21:41 GMT
The positive result from my investments with Lendy is a dramatically increased education in P2P risk and a more thorough understanding of the credibility of valuations from professional surveyors.
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Post by loftankerman on Jan 16, 2019 8:32:39 GMT
The positive result from my investments with Lendy is a dramatically increased education in P2P risk and a more thorough understanding of the credibility of valuations from professional surveyors. Yeah, me too and fortunately I'd grasped the point and mostly got out when I saw the new T&C. Any loss will have been better value for money than my son's student loan.
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jane
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Post by jane on Jan 16, 2019 9:10:54 GMT
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sussexlender
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Cheat seeking missile
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Post by sussexlender on Jan 16, 2019 9:22:23 GMT
Lendy - where according to their own publicity "no investor has ever lost money".
100 % positive spin on massive defaults and non performing loans.
Lendy has taken the positive approach that the word lost "....means what we say it means" not what everyone else knows / understands it to mean; just like Humpty Dumpty from Alice in Wonderland.
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sl75
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Post by sl75 on Jan 16, 2019 14:53:28 GMT
Despite the losses and probable losses, I'm still making money substantially faster than any losses are occurring (including "claims underway" within my "losses" section, rather than just the "Lendy-acknowledged losses").
As we're just past the start of the calendar year, and Lendy allows "tax statements" with arbitrary start and end dates, I just checked my totals, and for each of calendar years 2016, 2017 and 2018, my total interest earnings happened to be fairly similar fairly similar (the lower total that might be expected due to loans which stopped paying interest got largely cancelled out by the expansion of my portfolio in 2016 and 2017).
The total of my outstanding capital in "claims underway" loans represents less than 30% of the interest I received during each of those 3 years, and thus less than 10% of my lifetime interest earnings at Lendy / Saving Stream.
Clearly the experience will be different for those who "cut their losses" and sold everything so they have no ongoing interest to offset the losses against, but from here the overall balance of a diversified portfolio still looks good; further losses equivalent about 22% of my current portfolio value would be required before the interest received to date gets cancelled out, and given that most loans are still being repaid in full, and interest is still being received each month, that seems unlikely.
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travolta
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Post by travolta on Jan 16, 2019 16:35:33 GMT
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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 Jan 16, 2019 16:47:32 GMT
Chubby fingers hitting like and quote at same time Travolta  |
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travolta
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Post by travolta on Jan 16, 2019 16:52:28 GMT
Oh god! You try it!
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Post by charliebrown on Jan 17, 2019 6:10:02 GMT
Despite the losses and probable losses, I'm still making money substantially faster than any losses are occurring (including "claims underway" within my "losses" section, rather than just the "Lendy-acknowledged losses").
As we're just past the start of the calendar year, and Lendy allows "tax statements" with arbitrary start and end dates, I just checked my totals, and for each of calendar years 2016, 2017 and 2018, my total interest earnings happened to be fairly similar fairly similar (the lower total that might be expected due to loans which stopped paying interest got largely cancelled out by the expansion of my portfolio in 2016 and 2017).
The total of my outstanding capital in "claims underway" loans represents less than 30% of the interest I received during each of those 3 years, and thus less than 10% of my lifetime interest earnings at Lendy / Saving Stream.
Clearly the experience will be different for those who "cut their losses" and sold everything so they have no ongoing interest to offset the losses against, but from here the overall balance of a diversified portfolio still looks good; further losses equivalent about 22% of my current portfolio value would be required before the interest received to date gets cancelled out, and given that most loans are still being repaid in full, and interest is still being received each month, that seems unlikely.
I obviously don’t know your specific loan book, but looking at all SUSPENDED and NON-PERFORMING loans, the chances of losing >22% of invested capital across those loans would appear very high to me, and will probably take a decade or so. However, since this is a thread for positive thoughts let’s assume that they will all repay in full with interest and bonus interest.
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jonbvn
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Post by jonbvn on Jan 17, 2019 6:38:44 GMT
Lendy - where according to their own publicity "no investor has ever lost money". 100 % positive spin on massive defaults and non performing loans. Lendy has taken the positive approach that the word lost "....means what we say it means" not what everyone else knows / understands it to mean; just like Humpty Dumpty from Alice in Wonderland. Lendy is up there with Comical Ali wrt PR/Spin in a difficult situation.
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