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Post by rocko2000 on Nov 29, 2019 10:16:54 GMT
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Post by gravitykillz on Nov 29, 2019 18:41:53 GMT
I am sure they will sell it to fc investors with pretty words and large percentage rates. And like always they will eat it up.
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ashtondav
Member of DD Central
Posts: 1,814 
Likes: 1,092
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Post by ashtondav on Nov 29, 2019 19:22:05 GMT
Lending is risky.
Why do you think the banks screwed up in 2008? Why do you think p2p will be any better. Why do you even invest in p2p?
You get less than 1% in a UK government gilt. 2.4% 5 year BS rates. Even 3% is an improvement on that. And its 100% better than equity punters endured 2008 2009.
We live in a zero interest rate environment. Best get used to it.
And yes, i'll buy your loans at a 1.25% discount because I can only buy the ones that haven't defaulted so i'm buying better quality.
I may be wrong, but i'll report back in april when the results of my (foolhardy?) experiment will be clear.
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Post by GSV3MIaC on Nov 30, 2019 17:01:00 GMT
You can only buy the one 'which haven't defaulted YET' .. that would make you a cheerful buyer back in the day when I used to sell everything at 6 months, and 3 months for Es?? (Back before black box, obviously).
Hmm, we wish you luck.. although an extra 1.25% might bail you out somewhat.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 706
Likes: 464
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Post by coogaruk on Dec 1, 2019 11:57:29 GMT
Lending is risky.
Why do you think the banks screwed up in 2008? Why do you think p2p will be any better. Why do you even invest in p2p?
You get less than 1% in a UK government gilt. 2.4% 5 year BS rates. Even 3% is an improvement on that. And its 100% better than equity punters endured 2008 2009.
We live in a zero interest rate environment. Best get used to it. You got the first bit right.
However, the paltry returns you cite from Government gilts, BS, etc. are not affected by bad debt which could turn them negative.
Interest rates are not at zero. Not in the UK yet anyway.
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Dec 1, 2019 12:57:15 GMT
Anyone who has made a loss on the 3 big platforms and has been invested and reinvested over a 5 year cycle is somewhat unlucky. In fact VERY unlucky.
Most of the loss makers are the unfortunates who can't or won't sit out the 5 year cycle. And yes, I agree, FC's greed ridden 2017 and 2018 have not helped these people.
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Post by rocko2000 on Dec 13, 2019 18:53:32 GMT
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Dec 13, 2019 19:02:02 GMT
Maalox? eh?
Old news and before the 1.25%.
Suggest you keep on top of things and check spelling...
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