jlend
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Post by jlend on Jul 9, 2020 16:26:51 GMT
Well, I am still getting an interest payment from the following platforms JustUS Ratesetter- Assetz Capital Zopa FundingCircle Ablrate And Rebuilding Society. LW is the ONLY platform Im invested in that isn't paying a single penny on the loans, and they are taking 2% of that for themselves. Now they have external funding and secured money to the platform, why shouldn't some of that money be invested in the provision fund and OUR interest payments be Made? The last update stated only 8% of loans are on payment holidays, so that leaves at least 90% functioning 'as normal ' so I dont see any reason why LW can't start returning some cash to us I think for the time being LW will want to pump all the interest minus the 2% fee into the PF to minimise the risk of a capital loss having to be declared on some cohorts at a later date. I doubt they have any choice right now. They simply can't yet know how many of their borrowers will unfortunately be unable to start repaying their loans. I think it will be many months before they are able to make an informed judgement. We can all see from the press a steady stream of redundancies.
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criston
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Post by criston on Jul 15, 2020 8:05:00 GMT
Cynical view. I note the second 90 day period was announced earlier than the end of the first 90 day period, to avoid criticism of LW announcing the extension after the takeover news.
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Post by carol167 on Jul 19, 2020 9:38:04 GMT
I have made a decision to stop p2p investing until next year. For now dumping all my cash into nsi income bonds at 1.15%. Second wave seems to be creeping up. More interested in buying all world trackers at a decent price. I'm sure lw will be a decent and stable platform in the future but not today. Snap!
:-)
Except.... I made that decision last year and I doubt I will be back investing future funds in p-2-p. For me... it's a large cash reserve and upping the regular long term S&S investment strategy that I've been following for over 5 years now. Index funds all the way..........
I always thought p-2-p was in between cash savings and S&S in terms of risk. Not anymore... I view it as more risky than index funds over the long term. Now that's saying something.
With P-2-P you are at the mercy and whim of how a platform wants to play it from one month to the next. From the blatantly fraudelent platforms, to the incompetent ones, through to the ones that were just unlucky with timings or strategy but had the best intentions. The best time to be in P-2-P was the last 10 years. Sad, as it had so much potential to be a game changer.
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IFISAcava
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Likes: 3,018
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Post by IFISAcava on Jul 19, 2020 13:41:03 GMT
I have made a decision to stop p2p investing until next year. For now dumping all my cash into nsi income bonds at 1.15%. Second wave seems to be creeping up. More interested in buying all world trackers at a decent price. I'm sure lw will be a decent and stable platform in the future but not today. Snap!
:-)
Except.... I made that decision last year and I doubt I will be back investing future funds in p-2-p. For me... it's a large cash reserve and upping the regular long term S&S investment strategy that I've been following for over 5 years now. Index funds all the way..........
I always thought p-2-p was in between cash savings and S&S in terms of risk. Not anymore... I view it as more risky than index funds over the long term. Now that's saying something.
With P-2-P you are at the mercy and whim of how a platform wants to play it from one month to the next. From the blatantly fraudelent platforms, to the incompetent ones, through to the ones that were just unlucky with timings or strategy but had the best intentions. The best time to be in P-2-P was the last 10 years. Sad, as it had so much potential to be a game changer.
I'm not getting all out, but I have liberated about 75% of P2P funds. I'll probably keep some in for diversity, not sure how much as I fear the worst is yet to come in terms of defaults. Current long term XIRR from P2P including losses/discounts for liquidity is a little over 6%. And I am also not putting it all into index funds - they form a core (and majority) of my equity portfolio, but I think there is a place for active funds too. Since I am spending less time managing a P2P portfolio, I have more time for researching equity funds!
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Post by carol167 on Jul 19, 2020 14:04:06 GMT
Snap!
:-)
Except.... I made that decision last year and I doubt I will be back investing future funds in p-2-p. For me... it's a large cash reserve and upping the regular long term S&S investment strategy that I've been following for over 5 years now. Index funds all the way..........
I always thought p-2-p was in between cash savings and S&S in terms of risk. Not anymore... I view it as more risky than index funds over the long term. Now that's saying something.
With P-2-P you are at the mercy and whim of how a platform wants to play it from one month to the next. From the blatantly fraudelent platforms, to the incompetent ones, through to the ones that were just unlucky with timings or strategy but had the best intentions. The best time to be in P-2-P was the last 10 years. Sad, as it had so much potential to be a game changer.
I'm not getting all out, but I have liberated about 75% of P2P funds. I'll probably keep some in for diversity, not sure how much as I fear the worst is yet to come in terms of defaults. Current long term XIRR from P2P including losses/discounts for liquidity is a little over 6%. And I am also not putting it all into index funds - they form a core (and majority) of my equity portfolio, but I think there is a place for active funds too. Since I am spending less time managing a P2P portfolio, I have more time for researching equity funds! I did equity funds for 10 years (along with my colleagues at work so we shared knowledge and research etc). Barely came out with a profit. Tried a portfolio manager too along the way and that went south.
My index funds however are rocketing with no effort.
Each to their own....
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mrdc
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Post by mrdc on Jul 19, 2020 14:33:23 GMT
I'm not getting all out, but I have liberated about 75% of P2P funds. I'll probably keep some in for diversity, not sure how much as I fear the worst is yet to come in terms of defaults. Current long term XIRR from P2P including losses/discounts for liquidity is a little over 6%. And I am also not putting it all into index funds - they form a core (and majority) of my equity portfolio, but I think there is a place for active funds too. Since I am spending less time managing a P2P portfolio, I have more time for researching equity funds! I did equity funds for 10 years (along with my colleagues at work so we shared knowledge and research etc). Barely came out with a profit. Tried a portfolio manager too along the way and that went south.
My index funds however are rocketing with no effort.
Each to their own....
Same as carol167. Since i switched to index trackers i have done better. i use etf's rather than funds. Only bit of my equity portfolio i trust to human decision is 5% in private equity
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Post by carol167 on Jul 19, 2020 14:42:56 GMT
I did equity funds for 10 years (along with my colleagues at work so we shared knowledge and research etc). Barely came out with a profit. Tried a portfolio manager too along the way and that went south.
My index funds however are rocketing with no effort.
Each to their own....
Same as carol167. Since i switched to index trackers i have done better. i use etf's rather than funds. Only bit of my equity portfolio i trust to human decision is 5% in private equity
[Correction - not equity funds - I meant individual company shares, the likes of banks, utilities, insurance companies, mining companies and supermarkets, amongst others.]
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mrdc
Member of DD Central
Posts: 73
Likes: 33
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Post by mrdc on Jul 19, 2020 15:33:12 GMT
Snap!
:-)
Except.... I made that decision last year and I doubt I will be back investing future funds in p-2-p. For me... it's a large cash reserve and upping the regular long term S&S investment strategy that I've been following for over 5 years now. Index funds all the way..........
I always thought p-2-p was in between cash savings and S&S in terms of risk. Not anymore... I view it as more risky than index funds over the long term. Now that's saying something.
With P-2-P you are at the mercy and whim of how a platform wants to play it from one month to the next. From the blatantly fraudelent platforms, to the incompetent ones, through to the ones that were just unlucky with timings or strategy but had the best intentions. The best time to be in P-2-P was the last 10 years. Sad, as it had so much potential to be a game changer.
[ Lol. Made that decision last year as well. However failed to stick to it. Made further investments in lendinvest and crowdproperty this year when I said I would not. It was like an addiction.
However this time I will stick to it. Some of the platforms software does make it fun, more like a video game. Certainly more interesting than my Virgin Isa account. My reason for investing in p2p was to try and find some yield but you have made me wonder. Perhaps it is addictive.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jul 19, 2020 18:12:32 GMT
I think the very frequent rewards (eg daily interest payments) do have the potential to become addictive via operant conditioning.
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Post by carol167 on Jul 19, 2020 18:43:51 GMT
"When the fun stops.....stop."
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Post by carol167 on Jul 19, 2020 18:45:42 GMT
Some of the platforms software does make it fun, more like a video game. Certainly more interesting than my Virgin Isa account. My reason for investing in p2p was to try and find some yield but you have made me wonder. Perhaps it is addictive. You should try NS&I Income Bonds. They only have yearly interest. Now that is painful..... watching paint dry is more exciting.
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Post by overthehill on Jul 19, 2020 19:09:33 GMT
p2p - proplend + crowdproperty
equity funds - WAIT for the next crash as the train has left the station then check out baillie gifford (10yr, 5yr, 3yr past performance of most equity funds blow most other fund managers out of the water). They also run investment trusts like scottish mortgage, monks + edinburgh worldwide. Comparison is easy without an account using hargreaves lansdown website although ignore their own top fund lists as their performance has been rank rotten for the last 15 years finally being exposed by the Neil Woodford scandal.
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Post by carol167 on Jul 20, 2020 5:41:52 GMT
You should try NS&I Income Bonds. They only have yearly interest. Now that is painful..... watching paint dry is more exciting. I thought it was monthly interest. Only just invested in these the other day. I've not long opened one also, and as it didn't give me the choice of monthly or yearly, like savings usually do, I just assumed. Just searched and you're correct. Goodo. That's cheered me up a bit. Thanks! :-)
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Post by oppsididitagain on Jul 20, 2020 20:55:10 GMT
I'm not getting all out, but I have liberated about 75% of P2P funds. I'll probably keep some in for diversity, not sure how much as I fear the worst is yet to come in terms of defaults. Current long term XIRR from P2P including losses/discounts for liquidity is a little over 6%. And I am also not putting it all into index funds - they form a core (and majority) of my equity portfolio, but I think there is a place for active funds too. Since I am spending less time managing a P2P portfolio, I have more time for researching equity funds! I did equity funds for 10 years (along with my colleagues at work so we shared knowledge and research etc). Barely came out with a profit. Tried a portfolio manager too along the way and that went south.
My index funds however are rocketing with no effort.
Each to their own....
You barely made a profit in 10 years in Equity funds, I find that hard to believe - Most of my funds have been returning 10% PA on average, some years 25%.. They were mainly in China and the Far East, some in India.. LATAM hasn't really performed. The standard Fidelity Euro fund is up almost 100% in 10 years... But going back to the original thread, I still think LW should be paying us 1% considering the cash injection and the so called takeover/buyout
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benaj
Member of DD Central
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Post by benaj on Jul 23, 2020 11:16:02 GMT
"When the fun stops.....stop."
Signing up self-exclusion? Not sure if this is a FCA requirement. 
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