zccax77
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Post by zccax77 on Apr 3, 2019 9:02:55 GMT
Lendy has been a life changing experience for me. I have withdrawn whatever I can from all P2P and gone into the stock market. I am doing very well since January, and will never return to P2P. I would rather suffer a 40% wipeout in a recession than hand my hard earned money to a bunch of <potentially libellous comment removed>. Atleast with the stock market shares do recover, with P2P your money goes into a black hole never to be seen again.
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jaswells
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Post by jaswells on Apr 3, 2019 9:05:57 GMT
You obviously never had shares in Carillion. If you are in the SM long enough and buy individual stocks, you will also suffer wipe out at some stage.
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zccax77
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Post by zccax77 on Apr 3, 2019 9:09:05 GMT
Do you understand the concept of portfolio management? You never hold 1 share, to properly diversify you need to hold a portfolio of atleast 20 shares minimum. Carillion, Interserve etc are one-offs, not all shares go from x->0. I really dislike the fact that whenever shares are discussed someone always bring up Carillion and Northern Rock as if they represent the entirety of the stock market.
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Post by Deleted on Apr 3, 2019 9:17:47 GMT
Do you understand the concept of portfolio management? You never hold 1 share, to properly diversify you need to hold a portfolio of atleast 20 shares minimum. Carillion, Interserve etc are one-offs, not all shares go from x->0. I really dislike the fact that whenever shares are discussed someone always bring up Carillion and Northern Rock as if they represent the entirety of the stock market. Perhaps you should have applied your portfolio management genius to your P2P investments as well...
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jaswells
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Post by jaswells on Apr 3, 2019 9:17:49 GMT
Do you understand the concept of portfolio management? You never hold 1 share, to properly diversify you need to hold a portfolio of atleast 20 shares minimum. Carillion, Interserve etc are one-offs, not all shares go from x->0. I really dislike the fact that whenever shares are discussed someone always bring up Carillion and Northern Rock as if they represent the entirety of the stock market. I am merely asserting the point that shares are a relatively high risk investment, this is a commonly held view. Over the long term you WILL get huge losses on some shares in a widely diversified portfolio. The 'management' can only come from cutting losses in some cases and this is often not a good strategy. This can somewhat be offset by holding trusts or index linked securities (often at a cost). P2P is as yet untested long term. There will be wipe outs but it is still too soon to judge what the long term returns are likely to be.
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quidco
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Post by quidco on Apr 3, 2019 9:19:01 GMT
Lendy has been a life changing experience for me. I have withdrawn whatever I can from all P2P and gone into the stock market. I am doing very well since January, and will never return to P2P. I would rather suffer a 40% wipeout in a recession than hand my hard earned money to a bunch of <potentially libellous comment removed>. Atleast with the stock market shares do recover, with P2P your money goes into a black hole never to be seen again. Unfortunately I fear there as many <potentially libellous comment removed> in the stock market.
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zccax77
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Post by zccax77 on Apr 3, 2019 9:21:04 GMT
Depends, if you invest in AIM shares particularly junior miners you will likely lose a lot of money.
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Post by magoo68 on Apr 3, 2019 9:29:33 GMT
Depends, if you invest in AIM shares particularly junior miners you will likely lose a lot of money. Indeed, especially if you follow the rampers of say UKOG  On a serious note, if you are new to the joys of stock market investing, start researching Investment Trusts, there are some that have raised their dividends every year for 20 years +, and there's something to cover just about every sector you can think of. There is simply no need to put all your eggs in one basket imvho.
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quidco
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Post by quidco on Apr 3, 2019 9:30:14 GMT
It's fascinating to see people abandoning P2P for the safety of a stock market that's just done 10 years of multiple expansion on the back of central bank money printing.
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quidco
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Post by quidco on Apr 3, 2019 9:30:58 GMT
Depends, if you invest in AIM shares particularly junior miners you will likely lose a lot of money. Indeed, especially if you follow the rampers of say UKOG On a serious note, if you are new to the joys of stock market investing, start researching Investment Trusts, there are some that have raised their dividends every year for 20 years +, and there's something to cover just about every sector you can think of. There is simply no need to put all your eggs in one basket imvho. Every investment trust I've ever owned has gone down 
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zccax77
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Post by zccax77 on Apr 3, 2019 9:50:53 GMT
A lot of UK shares are down due to the Brexit effect, I am happy to buy these. Some of my investments pay divi's of 10%+. I have a £1m portfolio which is up 20% from the beginning of the year, this luckily offsets the £80K+ loss I am anticipating from Lendy's disastrous investments. I only came into P2P since I was short of time to look up investments on the stock market, it ended up costing me dear.
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Post by staph on Apr 3, 2019 11:33:06 GMT
Lendy has been a life changing experience for me. I have withdrawn whatever I can from all P2P and gone into the stock market. I am doing very well since January, and will never return to P2P. I would rather suffer a 40% wipeout in a recession than hand my hard earned money to a bunch of <potentially libellous comment removed>. Atleast with the stock market shares do recover, with P2P your money goes into a black hole never to be seen again. If you look at stock 100 years ago I suspect it’s all worthless now ior penny shares . The benefits of long term stock involvement are at worst acecdotal skill of the investor (betting) and at best evidence that indices overtime go up - hence the tracker - the problem with the index going up is that the index doesn’t count those that go bust and fall out of index and counts the newly successful so unless you somehow pick the winners of the future from the losers you will as in the 100 years later model without changing shares eventually lose the lot
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Post by robberbaron on Apr 3, 2019 11:34:24 GMT
Atleast with the stock market shares do recover, with P2P your money goes into a black hole never to be seen again. Tell that to Japanese investors who are still waiting to recover after nearly three decades.
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p2p2p
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Post by p2p2p on Apr 3, 2019 11:57:03 GMT
The day I was warned I might be sued, I decided to withdraw all my funds from P2P, and return to index trackers. P2P involves far too much work. 6 months later I still have 60% of my p2p investment extant, and a theoretical 40% loss of the original sum if no more loans repay. I expect that number to fall to near 0, but its clear I should have stayed in equity, even though it fell last year, just for peace of mind and extra time for the rest of my life. I'm just glad I only ventured 8% or so of my net worth.
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Post by robberbaron on Apr 3, 2019 11:57:09 GMT
If you look at stock 100 years ago I suspect it’s all worthless now ior penny shares . The benefits of long term stock involvement are at worst acecdotal skill of the investor (betting) and at best evidence that indices overtime go up - hence the tracker - the problem with the index going up is that the index doesn’t count those that go bust and fall out of index and counts the newly successful so unless you somehow pick the winners of the future from the losers you will as in the 100 years later model without changing shares eventually lose the lot This is incorrect. Most major equity indices like the S&P500 take into account the performance of failing companies until they drop out of the index and only include the performance of new companies once they are included in the index. Also merely looking at the raw index actually underestimate performance since the impact of dividend reinvestment is not included. Look at total return indices instead.
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