alanh
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Post by alanh on Mar 4, 2020 17:40:57 GMT
I've just calculated my current combined Assetz Capital return on a five figure sum across the GBBA and Green accounts as....wait for it.... 0.017% can any others beat that?! Stick it in the 90DAA and get 5.75%
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ashtondav
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Post by ashtondav on Mar 4, 2020 18:19:13 GMT
Nah. ZOPA FC AC RS The others are like buying dodgy dollars. Most of the lenders on FC who lost money were those who froze relending sold up and were left with only bad debt. I have not lost any money on crowdproperty or lendinvest so far. Can you say the same for fc and zopa ? AC access accounts head and shoulders above others IMO. CP and LI way too small for comfort and a short track record to boot.
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alibaba
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Post by alibaba on Mar 4, 2020 19:42:19 GMT
I've just calculated my current combined Assetz Capital return on a five figure sum across the GBBA and Green accounts as....wait for it....0.017% can any others beat that?! I would love to stick my 26k into the 90 DAA which is stuck in GBBA1 and GEA unfortunately AC have stuck it to me with their algorithms.
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Post by df on Mar 4, 2020 21:36:10 GMT
Stick it in the 90DAA and get 5.75% I would love to stick my 26k into the 90 DAA which is stuck in GBBA1 and GEA unfortunately AC have stuck it to me with their algorithms. It was one of my biggest p2p mistakes getting involved in these accounts. For some reason I thought that GBBA&GEIA's loan book might be different from MLIA and PF should cover any losses (all loans secured on assets  Sounded like a good 7% offer.
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benaj
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Post by benaj on Mar 4, 2020 23:01:27 GMT
I've just calculated XIRR for my GBBA2 in the ORCA AC account, it's 6.42% despite there's 3.1% of initial investment stuck. £11.66 capital recovered from 602 in Feb this year.
So it does perform like the target rate so far.
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Post by Ace on Mar 5, 2020 0:57:15 GMT
I have not lost any money on crowdproperty or lendinvest so far. Can you say the same for fc and zopa ? AC access accounts head and shoulders above others IMO. CP and LI way too small for comfort and a short track record to boot. I really don't get this fixation with size (where have I said that before  ). I fail to see how lending on FC, RS or Z (the big 3) can be considered safer than the likes of many smaller platforms. They all issue largely unsecured loans, and the only one with a PF seems unable to prevent it from heamorrhaging. Take a tiny platform like Loanpad for example. One that offers senior secured property loans at a current average 28% LTV. Sure they're a very young platform (a little over a year old I think), but the junior lending partner in all of these loans is a longstanding professional property lender who stands to lose all of their considerable cash in each loan before Loanpad lenders lose a penny. How can that proposition be considered less "comfortable" than the big 3? Similar arguments can be made for CP (mentioned by gravity above). Not one of the biggies, but they've been going over 5 years without losses now and clearly have a very experienced and professional team. Their LTVs are around double that of Loanpad, but they seem solid enough to me and have a correspondingly higher rate. Again, they are a much safer bet than any of the big 3 IMO.
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Post by captainconfident on Mar 5, 2020 1:21:55 GMT
Wise words again, Ace. Historically, Funding Knight was a miniscule platform but +/-50% of each loan was being bought by the platform's backers and their DD has left a legacy of an approximate annual average of 9% after defaults for those who took part. Rebuilding Society has a long record of returning over 10% to all but the most foolhardy investor. I'm not saying that platform will never fail, but size does not automatically confer stability. |
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m2btj
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Post by m2btj on Mar 5, 2020 9:35:01 GMT
Yep, making great returns in Qaa, 30d and 90d accounts. Why would I use anything else? i thought the GBBA accounts were flawed due to diversification problems making them uninvestible. I'm with you on this one! I've seen my returns grow steadily in the QAA's. I took a small basket of loans in GBBA which have made modest returns, certainly higher than anything on the high street. I avoided investments like green energy & solar. They are novelty products, often hyped & propped up with government subsidies. When the subsidy goes, the market goes with it!
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Post by buzzablinio on Mar 5, 2020 10:39:33 GMT
Much as I'd like to move my loans into qaa or 90day, like others, my money is stuck in some of the worst loans going and probably doomed to capital loss (DM and I**)
For the record I have actually had some p2p success ....
The good;
FC - although coming out now I made a healthy profit but loan quality deteriorated.
Growth Street - again a good profit but rapid churn and cash lag.
Ratesetter - the only p2p I am still actively with and happy with.
The bad;
LW - used to like until this year now all over the place with disingenuous rates and dubious fluidity in rules.
AC - Scottish castles and wind turbines ...nuff said.
Bond Mason - used to be good but now forced slow painful withdrawal and ever increasing capital losses,
The ugly
Mintos - Mintos are perfect, excellent range of loans, rates, geographical spread, guarantees etc BUT U.K. investors forced to withdraw - absolutely gutted.
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IFISAcava
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Post by IFISAcava on Mar 5, 2020 11:01:27 GMT
Much as I'd like to move my loans into qaa or 90day, like others, my money is stuck in some of the worst loans going and probably doomed to capital loss (DM and I**) For the record I have actually had some p2p success .... The good; FC - although coming out now I made a healthy profit but loan quality deteriorated. Growth Street - again a good profit but rapid churn and cash lag. Ratesetter - the only p2p I am still actively with and happy with. The bad; LW - used to like until this year now all over the place with disingenuous rates and dubious fluidity in rules. AC - Scottish castles and wind turbines ...nuff said. Bond Mason - used to be good but now forced slow painful withdrawal and ever increasing capital losses, The uglyMintos - Mintos are perfect, excellent range of loans, rates, geographical spread, guarantees etc BUT U.K. investors forced to withdraw - absolutely gutted. I** should eventually have no capital loss - being paid off gradually by AC. DM another kettle of fish (fortunately i am not in the latter)
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alibaba
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Post by alibaba on Mar 5, 2020 11:20:25 GMT
likewise buzzablinio.
Fortunately some of my p2p experience has been positive
The Good
Proplend (my number 1)
Growth street (currently reducing my principle)
Bridge crowd
HNW
Crowd property (early days)
Bondmason (better return than the bank)
The Bad
AC (only because of the early investment in GBBA1 and GEA) still using QAA
FC ( again early investor ) probably improved but not for me
The Ugly
Thin cats ( in from the very start, absolute disaster)
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puddleduck
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Post by puddleduck on Mar 5, 2020 14:19:45 GMT
CP and LI way too small for comfort and a short track record to boot. Similar arguments can be made for CP (mentioned by gravity above). Not one of the biggies, but they've been going over 5 years without losses now and clearly have a very experienced and professional team. Their LTVs are around double that of Loanpad, but they seem solid enough to me and have a correspondingly higher rate. Again, they are a much safer bet than any of the big 3 IMO. I worry about CP as their lending proposition has clearly changed - within the last few months we've seen a huge increase in multi-phase property loans - as we all know, the LTV on these is meaningless if the development fails - we'd be looking at fire-sale prices. CP will have losses - past performance is pretty meaningless when by my reckoning their loan offering have clearly changed in scope quite recently. Also you have to ask yourself where all the Lendy / MT and FS borrowers have gone....it's pretty naive to think that just because they haven't have losses yet they never will. It'll be 18 months to 2 years before we see how these multi-phase loans have worked out.
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Post by Ace on Mar 5, 2020 14:44:35 GMT
Similar arguments can be made for CP (mentioned by gravity above). Not one of the biggies, but they've been going over 5 years without losses now and clearly have a very experienced and professional team. Their LTVs are around double that of Loanpad, but they seem solid enough to me and have a correspondingly higher rate. Again, they are a much safer bet than any of the big 3 IMO. I worry about CP as their lending proposition has clearly changed - within the last few months we've seen a huge increase in multi-phase property loans - as we all know, the LTV on these is meaningless if the development fails - we'd be looking at fire-sale prices. CP will have losses - past performance is pretty meaningless when by my reckoning their loan offering have clearly changed in scope quite recently. Also you have to ask yourself where all the Lendy / MT and FS borrowers have gone....it's pretty naive to think that just because they haven't have losses yet they never will. It'll be 18 months to 2 years before we see how these multi-phase loans have worked out. Fair comment. I agree that the multi-phase loans are potentially more problematic, but I believe that CP have the necessary experience and skills in-house to see a half finished development loan through to completion. They have said that they would potentially do this if needed to ensure that lender's funds are recovered. Also, we are free to avoid the early phases of multi-phase developments if we so wish. The final phase in these should offer a similar risk profile to single-phase loans. I agree that they will likely have losses at some time, but I feel that they have sufficient skills, professionalism and will to ensure that these are minimised. I'm confident that CP will deliver profits for investors in the medium to long term, so I'm happy to invest my medium term funds with them. I can't agree that 5 years of delivering on loans without losses is meaningless.
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ashtondav
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Post by ashtondav on Mar 5, 2020 14:46:42 GMT
I've just calculated my current combined Assetz Capital return on a five figure sum across the GBBA and Green accounts as....wait for it.... 0.017% can any others beat that?! At least you didn't lose your capital unlike some of the poor folk on funding circle. 99.5% of FC lenders with more than 2k invested have positive returns. The 1.5% club over on the FC forum are a vocal minority.
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angrysaveruk
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Post by angrysaveruk on Mar 5, 2020 14:50:47 GMT
Probably made about 4% PA on AC. Took a hit on a couple of slightly incredible investments, but I think that woke me up to the risk of P2P and made me get out of the sector. Up until that I had a pretty clean run over a number of years and was starting to think it was a one way bet. P2P is high risk and even if you made 0% and got your money back you should count yourself lucky! I have made about 40% return on a 4 figure sum over the last 18 months taking advantage of the various introductory offers made by some of the smaller P2P platforms.
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Sounded like a good 7% offer.
). I fail to see how lending on FC, RS or Z (the big 3) can be considered safer than the likes of many smaller platforms. They all issue largely unsecured loans, and the only one with a PF seems unable to prevent it from heamorrhaging. 
