benaj
Member of DD Central
N/A
Posts: 5,621 
Likes: 1,741
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Post by benaj on Aug 14, 2019 17:41:31 GMT
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Aug 14, 2019 17:41:59 GMT
I prefer whole years. 14/8/18 to 14/8/19. £1,150 interest after fees and debt. That’s on £40,000, so 2.9%. Since I started sept 2017 annualised return of 5%.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,594
Likes: 2,624
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Post by keitha on Aug 15, 2019 21:03:36 GMT
ine went from 9.4 to 9.3, but does seem to go up and down a bit
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Post by gravitykillz on Aug 16, 2019 10:00:55 GMT
I have not used funding circle since they changed the format. However funding circle was my first foray into p2p lending in early 2015. I played with a small sum of money back then maybe 3k I cant remember exactly. But over time I found I could make more money selling high interest or asset back loans on the secondary market.
DEFINITIONS
£933.14
NET EARNINGS
Turn card for details
INTEREST £702.79
LOAN PART SALES £475.03
LOAN PART PURCHASES -£41.47
PROMOTIONS £23.80
FEES -£124.95
DEFAULTS -£191.78
RECOVERIES £89.72
NET EARNINGS£933.14
£0.00
PORTFOLIO TOTAL
Turn card for details
AVAILABLE FUNDS £0.00
PENDING ORDERS £0.00
LENT OUT £0.00
PORTFOLIO TOTAL£0.00
12.7%
ANNUALISED RETURN
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Post by gravitykillz on Aug 16, 2019 10:02:56 GMT
I'm glad I left funding circle in 2016. It is now a shadow of its former self.
And to be honest there are better p2p options out there.
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Post by gravitykillz on Aug 16, 2019 10:06:21 GMT
However even though I have not purchased any loans in fc in over 3 years I still get around 50p coming in every month due to the defaults. And I still have £20 tied up in one of the 60% ltv loans which were so popular around that time.
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Post by gravitykillz on Aug 16, 2019 10:07:35 GMT
If that loan ever repays it wont be that bad. £20 in the princes building liverpool loan at 11% for 3 and a half years ?! Lol  |
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Aug 16, 2019 16:55:58 GMT
I'm glad I left funding circle in 2016. It is now a shadow of its former self. And to be honest there are better p2p options out there. Any ideas which ones?
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Post by gravitykillz on Aug 16, 2019 17:06:52 GMT
My funds are now split between:
Lendinvest
Kuflink
Crowdproperty
Wisealpha
Loanpad (premier)
Assetz (30 day)
I have recently pulled out of lending works and growth street and ratesetter. I am slowly moving funds into landbay as it is the safest p2p lender (apparently)
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Post by gravitykillz on Aug 16, 2019 17:13:15 GMT
Thinking about premium bonds as well.
But I never win anything.
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ceejay
Posts: 975
Likes: 1,149
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Post by ceejay on Aug 16, 2019 17:33:53 GMT
Thinking about premium bonds as well. But I never win anything. That'll be because you don't get into the draw if all you've done is think about it! As it happens I have a little dabble in PBs as well. Though I do seem to remember some analysis done a few years ago which purported to show that you'd be better off putting your money in the best cash account you can find and using some of your interest to buy an occasional lottery ticket (to provide you with that miniscule but rewarding chance of winning big one day). Incidentally, I wonder what happens to PB prizes if/when deposit interest rates turn negative? Your name goes into a draw and some unlucky punter has to stump up a million pounds from nowhere?
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Post by gravitykillz on Aug 16, 2019 17:38:54 GMT
Thinking about premium bonds as well. But I never win anything. That'll be because you don't get into the draw if all you've done is think about it! As it happens I have a little dabble in PBs as well. Though I do seem to remember some analysis done a few years ago which purported to show that you'd be better off putting your money in the best cash account you can find and using some of your interest to buy an occasional lottery ticket (to provide you with that miniscule but rewarding chance of winning big one day). Incidentally, I wonder what happens to PB prizes if/when deposit interest rates turn negative? Your name goes into a draw and some unlucky punter has to stump up a million pounds from nowhere? Lol. Interesting concept. I never thought about that scenario.
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Post by gravitykillz on Aug 16, 2019 17:41:06 GMT
They would probably stop issuing prizes ? Everyone wins 0 until rates go up ?
Which would result in huge withdrawals I guess.
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Stonk
Stonking
Posts: 735
Likes: 658
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Post by Stonk on Aug 16, 2019 20:21:16 GMT
Thinking about premium bonds as well. But I never win anything. That'll be because you don't get into the draw if all you've done is think about it! As it happens I have a little dabble in PBs as well. Though I do seem to remember some analysis done a few years ago which purported to show that you'd be better off putting your money in the best cash account you can find and using some of your interest to buy an occasional lottery ticket (to provide you with that miniscule but rewarding chance of winning big one day). Premium Bonds are not a particularly rational investment, but they are more rational than a lot of things people do with their cash. On average, punters receive 1.40%, but this is massively skewed by the big prizes of which there are very very few, so virtually everyone gets a lower return. Either you will be spectacularly lucky, or you will receive about 1.0% to 1.2%. I like the idea of simulating a PB holding using a good instant access account (1.50%) and an occasional lottery ticket.
My parents have for years remained convinced that their PBs are doing (a) better than average, and (b) better than a savings account, but the reality is they are not good at maths.
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ceejay
Posts: 975
Likes: 1,149
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Post by ceejay on Aug 17, 2019 8:01:23 GMT
That'll be because you don't get into the draw if all you've done is think about it! As it happens I have a little dabble in PBs as well. Though I do seem to remember some analysis done a few years ago which purported to show that you'd be better off putting your money in the best cash account you can find and using some of your interest to buy an occasional lottery ticket (to provide you with that miniscule but rewarding chance of winning big one day). Premium Bonds are not a particularly rational investment, but they are more rational than a lot of things people do with their cash. On average, punters receive 1.40%, but this is massively skewed by the big prizes of which there are very very few, so virtually everyone gets a lower return. Either you will be spectacularly lucky, or you will receive about 1.0% to 1.2%. I like the idea of simulating a PB holding using a good instant access account (1.50%) and an occasional lottery ticket.
My parents have for years remained convinced that their PBs are doing (a) better than average, and (b) better than a savings account, but the reality is they are not good at maths.
90% of the prize fund goes to "small" prizes, nearly all £25, so as long as you have a reasonable number of units then you can expect to receive 90% of 1.4% over time, i.e. 1.26%. Strictly speaking the return will be a smidge less because of the timing of the draws, depending on the day of the month when you deposit and withdraw. Not the best cash account, but not the worst either. Source: www.nsandi.com/prize-checker (and lookup Prize Draw Details).
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