arby
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Post by arby on Apr 28, 2019 22:34:33 GMT
What a well written article - not that there won't be many more! Here are my comments Well there is always the Brexit card to play - I just wish I had never heard of this crowd... You wish you'd never heard of FS even though you admit you've made money with FS? I concede that the returns may not be worth the time and effort it takes to post on the forum about all the loans, but what you said gives a strong impression that would lead others to think you've made a loss.
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pip
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Post by pip on Apr 30, 2019 11:05:19 GMT
As per my previous post - I am predicting a loss due to the art loans fiasco. Making a smallish loss is not what I wish in for in my life- that said I really feel for those forum members who have already suffered mega losses in e.g. Whitehaven, Wimbledon , NI turbine etc etc. I should have validated the FS performance (or rather lack off) before I invested but my fault entirely so being so naive as to trust FS with my money. I won't make this mistake again with FS or any other p2p lender. Your magic crystal ball appears again. When you actually have a confirmed loss then please share I still say losses are expected by any investment that has multiple parts. The main point is to invest prudently and well diversified so losses are only things that slightly reduced the maximum attainable return but do not change the overall profit result. You still peddling your line on diversification. When £57m/£88m according to the Telegraph article is either in default or forbearance then the issue is not diversification.
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Doc
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Post by Doc on Apr 30, 2019 11:17:36 GMT
one can still have a small fun punt from time to time - that is not the same as investing a large sum of money and praying it will come good! adrian77 still punting on FS loans, whilst at the same time incessantly complaining ... go figure ??
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james21
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Post by james21 on Apr 30, 2019 18:33:07 GMT
Precisely my problem. I check the SM two or three times a day. It's fine if you haven't already had your fill in some tranche or other of W*ston Rh*n but building a diversified portfolio is difficult. It's also difficult to stay invested and I'm regularly tempted to take parts which fall short of my normal criteria. I hope the current slow-down is temporary No maths guru but certainly the potential is there to double the AER on a 30-day part. However, if you invest in 20 x 6-month loans, they all repay on time and you reinvest capital redemptions straight away you will encounter an average 40 loans per year. Doing the same with 30-day loans you would encounter 240 loans per year (let's pretend that's possible on FS). If 1 in x loans go bad on average then you'd have 12 times the chance of encountering a duffer. And since you're buying late the door to getting out again closes almost immediately. It's also true that despite buying at -1% you will pay a premium of about 5 months accrued interest, netting out at +4% say, and you get no return on that part of your investment. Furthermore, the effective rate quoted assumes the loan repays on time which, as we know, they so often don't. Every day late brings that effective rate down towards the loan's quoted rate. I currently have 10’s of thousands uninvested as the nice people who have given me a good return in the short term on each loan are deciding to hold onto their parts and have yet to offer them at good discount due to the new tax year allowances. So by strictly sticking to my strategy it is better to maintain limits in each loan keep returns higher after actual losses are consolidated. The goal is to have an overall profit over all investments. So having a few 10’s of thousands uninvested for a little while Has little effect. I dont know if its possible to set a member so I do not have to see his posts but this godnubis chap is a real pain; constantly crowing about his strategy with FS; give it a rest you are like a worn out gramophone record. You are the only poster on this board that has no value in my opinion
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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 Apr 30, 2019 21:00:26 GMT
I currently have 10’s of thousands uninvested as the nice people who have given me a good return in the short term on each loan are deciding to hold onto their parts and have yet to offer them at good discount due to the new tax year allowances. So by strictly sticking to my strategy it is better to maintain limits in each loan keep returns higher after actual losses are consolidated. The goal is to have an overall profit over all investments. So having a few 10’s of thousands uninvested for a little while Has little effect. I dont know if its possible to set a member so I do not have to see his posts but this godnubis chap is a real pain; constantly crowing about his strategy with FS; give it a rest you are like a worn out gramophone record. You are the only poster on this board that has no value in my opinion  My posts are based on provable facts. I know those that don’t take the time to to actually try and make a profit but rather snowflake like expect things to be given to them make a lot of doom and gloom fantasy predictions. If the time was actually spent working within the restrictions of the platform they might have something concrete to base their own opinions. You previously posted with regards to FS FISA “There are no charges either end and the process works well I have done this several times from FS” Which means you have used 1 of the many good things about FS to your advantage but you selectively decide that the fact that I take advantage of another is not worthy of sharing with those who can understand how to do similarly. A tad hypocritical. In my opinion
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 30, 2019 22:40:30 GMT
I currently have 10’s of thousands uninvested as the nice people who have given me a good return in the short term on each loan are deciding to hold onto their parts and have yet to offer them at good discount due to the new tax year allowances. So by strictly sticking to my strategy it is better to maintain limits in each loan keep returns higher after actual losses are consolidated. The goal is to have an overall profit over all investments. So having a few 10’s of thousands uninvested for a little while Has little effect. I dont know if its possible to set a member so I do not have to see his posts but this godnubis chap is a real pain; constantly crowing about his strategy with FS; give it a rest you are like a worn out gramophone record. You are the only poster on this board that has no value in my opinion Yes, just click on their user name, then click the arrow next to the cog and click block member. Contents of their posts will be hidden.
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09dolphin
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Post by 09dolphin on May 1, 2019 7:06:55 GMT
Yes, just click on their user name, then click the arrow next to the cog and click block member. Contents of their posts will be hidden. Great - I was wondering how to mute him too. I come to this forum to read the interesting posts a few users make, not to hear someone publicly massage his own ego. Thanks as I too have become bored with his reiteration of the same information. I know he loves FS but does he really have to copy and paste the same information at every available opportunity.
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arby
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Post by arby on May 1, 2019 7:17:37 GMT
Great - I was wondering how to mute him too. I come to this forum to read the interesting posts a few users make, not to hear someone publicly massage his own ego. Thanks as I too have become bored with his reiteration of the same information. I know he loves FS but does he really have to copy and paste the same information at every available opportunity. There are many people that could be accused of rewriting the same things over and over, or starting almost countless threads on the same topics. Do you not raise that as an issue because you broadly agree with their view? However, the option to not hear from someone is provided as a tool so obviously you should use it if you feel it's helpful.
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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 May 1, 2019 13:46:57 GMT
Wonder how long fs can hang on to our money now. As they agreed to cover the loss plus interest they could have shown goodwill and repaid their long suffering lenders ages ago. I don’t go along with the view that we should be grateful they agreed to cover this as if they didn’t they’d be up for misselling this loan as being fully underwritten. : Care to comment? Of course you wont. Guilty as charged. For shame! Another complaining they are not getting rich quick. It is still a surprise that people don’t do basic research On P2P lending. Ie loans are rarely redeemed on the contracted dates. Also a guaranteed profit as in this case is almost unheard of.
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song
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Post by song on May 1, 2019 14:10:54 GMT
fundingsecure : Care to comment? Of course you wont. Guilty as charged. For shame! Another complaining they are not getting rich quick. It is still a surprise that people don’t do basic research On P2P lending. Ie loans are rarely redeemed on the contracted dates. Also a guaranteed profit as in this case is almost unheard of. Then why not state the loans as open ended then there is no misapprehension.
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p2ploser
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Post by p2ploser on May 1, 2019 17:51:39 GMT
Great - I was wondering how to mute him too. I come to this forum to read the interesting posts a few users make, not to hear someone publicly massage his own ego. Thanks as I too have become bored with his reiteration of the same information. I know he loves FS but does he really have to copy and paste the same information at every available opportunity. He is fundingsecure as are some of the others on here publicising it as a great platform.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on May 1, 2019 18:07:09 GMT
Thanks as I too have become bored with his reiteration of the same information. I know he loves FS but does he really have to copy and paste the same information at every available opportunity. He is fundingsecure as are some of the others on here publicising it as a great platform. Not sure about that, but he is pathetic and needs to be muted. I did it a long time ago.
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arby
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Post by arby on May 1, 2019 18:27:56 GMT
Thanks as I too have become bored with his reiteration of the same information. I know he loves FS but does he really have to copy and paste the same information at every available opportunity. He is fundingsecure as are some of the others on here publicising it as a great platform. By your logic you are from a rival p2p site trying to destroy the competition. The fact you speak badly of FS is definitive proof of this.
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09dolphin
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Post by 09dolphin on May 1, 2019 18:32:31 GMT
He is fundingsecure as are some of the others on here publicising it as a great platform. By your logic you are from a rival p2p site trying to destroy the competition. The fact you speak badly of FS is definitive proof of this. Using the same rational you use you are employed by FS to deflect criticism of a P2P site (FS) that can't cope with it's actions (or inaction) being criticised. Hopefully you aren't employed by FS but when you use the rational that criticism means you are from a rival P2P site you undermine your credibility. My criticism of Godanubis relates to his constant cut and paste of previous posts put on every possible thread which is boring. After I've read the same posts well over 10 times I get the message he is trying to give. I just wish he'd desist.
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arby
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Post by arby on May 1, 2019 18:35:56 GMT
By your logic you are from a rival p2p site trying to destroy the competition. The fact you speak badly of FS is definitive proof of this. Using the same rational you are employed by FS to deflect criticism of a P2P site that can't cope with it's actions being criticised Oh my goodness. Seriously? That was the exact point I was making. That stupid assumptions get people nowhere. And then you replied with one. Of course I know he or she is not from a rival site, but I'm not convinced that all the people claiming any positive messages are secretly posted by FS are being sarcastic.
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