The FS Brexit Thread

Good to know that you acknowledge that you posted a "stupid assumption" and that your post saying they were probably employed by a rival P2P site were totally untrue.  I hope you will now publish an apology to the person you criticised as it's the least you can do for libeling them.
Obviously future comments you chose to make influence others by the knowledge that you lie.

Don’t stress too much it is just gives the collective FS hating Kabal the opportunity to like each other’s posts. It makes the poor souls feel better about the baseless posts they make.

They never let the lack of proof stand in the way of a unsubstantiated post.

As I previously said property here is cheap flats <£10000 and lots giving >40% ROI annually  The art loans were fraudulent there will always be some nefarious borrowers. 
Even without being a freak you can count on the fingers of 1 hand the number of loans where no recovery has been made.

Not all my dosh is In P2P. It is however the vector that returns the most that can be tax free. It is difficult to not pay tax on large profits elsewhere that one thing alone greatly enhances the effective return and makes FS viable even after the as yet small confirmed losses.
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My posts regularly say that FS make mistakes and that I'm sure a lot of people will lose money.
They also say that lots of people will and are making money.
Too many people came into p2p assuming it was risk free return. I have made some individual losses with FS. I don't whine because I weighed up those risks and accepted them before I signed up.

When people are so focussed on only seeing a negative view then a balanced view can appear unduly positive.

You can't, not 100%. And remember what the good Dr. House was fond of saying: "Everybody lies."  Whether that's borrowers acting fraudulently or platforms 'lying through omission'. (“The slickest way in the world to lie is to tell the right amount of truth at the right time-and then shut up.” -- Heinlein)

What an investor can do is try to mitigate the impact of that eventuality (it's not a question of 'if', just a question of 'when') through diversification, at both platform and loan levels.

What a trader such as Godanubis attempts to do is offload before term having bought at a discount in the hope that increased returns of successful trades reduces the impact of unsuccessful trades - ie: those that may have to be offloaded at a greater discount than bought at, or may have to be held to term and go on to, eventually, crystallise a loss.  Even then, careful diversification is required.  (Whilst I can just about see this being profitable in % terms, I personally don't know it's worth the time and effort in £ terms. Not unless there's a good deal of automation involved to lighten the load.)