ashtondav
Member of DD Central
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Post by ashtondav on Feb 9, 2020 14:06:51 GMT
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Post by carol167 on Feb 9, 2020 14:16:38 GMT
Clearly that is out of date with mention of the now defunct insurance policy. I don't think what has happened has reached beyond those affected yet.
And to be fair.... they were that good. That's the shame of it.
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Post by Ace on Feb 9, 2020 16:48:05 GMT
There's a more up-to-date review from 4thWay here that addresses the latest changes. |
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benaj
Member of DD Central
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Post by benaj on Feb 9, 2020 17:01:45 GMT
There's a more up-to-date review from 4thWay here that addresses the latest changes. Update to date review, same Exceptional rating "+++" and risk rating 5/10, written by Jane, an independent opinion, not 4th way's Chief Researcher.  Snippet of the review: The 4.1% example are based on the number of loans. It's weird Jane did not look into Life time default rate from LW's stats, which requires shield contribution, it is standing @ 8.2% for the 2017 cohort. May be Jane cannot understand the page, or unwilling to publish the 8.2% figure.
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Ukmikk
Member of DD Central
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Post by Ukmikk on Feb 9, 2020 18:20:22 GMT
There's a more up-to-date review from 4thWay here that addresses the latest changes. Update to date review, same Exceptional rating "+++" and risk rating 5/10, written by Jane, an independent opinion, not 4th way's Chief Researcher. Snippet of the review: The 4.1% example are based on the number of loans. It's weird Jane did not look into Life time default rate from LW's stats, which requires shield contribution, it is standing @ 8.2% for the 2017 cohort. May be Jane cannot understand the page, or unwilling to publish the 8.2% figure. She's a 'junior researcher', you can't expect too much.
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ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
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Post by ashtondav on Feb 9, 2020 18:44:21 GMT
Looks like simply “junior” would be more appropriate. Probably recruited from the LW loan approval team, so not so good at sums.
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Post by dan1 on Feb 14, 2020 12:27:06 GMT
From 4th Way on 7 Feb 2020...
"fund" = money (i.e. not future "income").
Shield cash balance = £75,095 <---- no, I've not missed any digits
Total amount outstanding = £90,738,982
How much commission/affiliate/cashback do 4th Way earn from LW?!
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Post by skidrow on Feb 14, 2020 17:20:10 GMT
This really isn't acceptable from 4th Way.
They have just published a glowing recommendation of LW as a place to park your ISA money, using the 5.4% figure without acknowledging the current problems.
4th Way pride themselves on their in depth research yet in this case they seem to completely ignore what has happened in the past few months. Compare their approach to LW's problems with the issues at Growth Street (where their analysis appears spot on). Why the mismatch?
I've always found 4th Way's general principles to be helpful but this enormous blind spot towards LW makes me much more cynical about their opinions about individual platforms. If you based your investment decisions on their analysis of LW, you'd be in for quite a shock.
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Post by eascogo on Feb 18, 2020 17:20:35 GMT
This really isn't acceptable from 4th Way. They have just published a glowing recommendation of LW as a place to park your ISA money, using the 5.4% figure without acknowledging the current problems. 4th Way pride themselves on their in depth research yet in this case they seem to completely ignore what has happened in the past few months. Compare their approach to LW's problems with the issues at Growth Street (where their analysis appears spot on). Why the mismatch? I've always found 4th Way's general principles to be helpful but this enormous blind spot towards LW makes me much more cynical about their opinions about individual platforms. If you based your investment decisions on their analysis of LW, you'd be in for quite a shock. I emailed LW pointing out that their latest review of LW ignored recent developments. I pointed out that investors' comments on the p2pindependentforum were in marked contrast with 4thway positive appraisal. Surprisingly I did receive a reply: "Thank you for taking the time to get in touch with us about this. It's very unusual - or actually pretty much unheard of - for us to look at what other people are saying, because we're committed to independent, non-plagiarised, specialist research, and we are confident that we are thought leaders rather than thought followers. Indeed, if we need to follow what others are saying then it would be better for investors that we just closed up shop right now. Nevertheless, that doesn't mean we can never learn from others at all. At your request, one or two of us will look into this matter again."
Neil
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