dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Mar 8, 2022 17:43:30 GMT
Q Boost is back AGAIN. Just not for as long. "As valued investors on our platform, we would like to provide you with an exclusive promotion. Investors who have invested more than £10,000 in total on our platform are directly eligible to be part of the Q First program.
As part of Q First you will get exclusive access to pre-fund deals on our site up to 5 days before they go live. You will also have access to a new and exclusive Q Boost program only when you pre-fund deals on our site.
From the 8th of March 2022 until the 30th of June 2022, any member of our Q First program who invests over £2,500 in an offer on our platform during the exclusive access period only is entitled to up to 2% Q Boost."Looks like the revamp of Q-First is much less generous than before. To be honest, the previous scheme was poorly structured from their point of view. The new scheme seems to be based on £10 units of investment, rather than the previous £100 units. So, a £2,500 investment will now have the bonus rounded up to £20, rather than the old schemes £100. Nothing is as good as it was  . Still a nice little win if you qualify.
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jonno
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nil satis nisi optimum
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Post by jonno on Mar 8, 2022 18:32:40 GMT
It amazes (scares) me that some of you are prepared to risk such on these types of loans on this fledgling platform. Have we really learned nothing over the last few years?
Don't get me wrong, I want it to prosper, but so did I with Coll, Lendy, FS etc and look what happened.
Someone tell me why this platform AT THIS POINT deserves such eye watering support.
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Post by Ace on Mar 8, 2022 20:21:28 GMT
It amazes (scares) me that some of you are prepared to risk such on these types of loans on this fledgling platform. Have we really learned nothing over the last few years? Don't get me wrong, I want it to prosper, but so did I with Coll, Lendy, FS etc and look what happened. Someone tell me why this platform AT THIS POINT deserves such eye watering support. I totally agree that people shouldn't risk more than they're prepared to lose, especially so on a fairly new platform with as near to zero security as its possible to get. On the other hand, one person's eye-watering is another person's gentle squeeze. If new platforms don't get sufficient lender support then they will die. As I see it, lenders that are prepared to risk their funds on unproven platforms are doing a service for those that don't wish to take the extra risks until the platform is proven. These pioneering lenders do, of course, tend to command a higher rate for taking on that higher risk, which is only fair. Once a platform is proven it can attract more lender funds and can reduce those rates accordingly. For the record, I've been with Qardus for 17 months now. During that time all of my loans have paid the due interest and capital within a few days of the due date. So far I've had 35% of my capital returned through amortisation, and am achieving an annualised return of 18.84% (the highest I've achieved on any of the 35 platforms I've tried so far) . I could now afford to make a total loss of remaining capital in any of my 10 loans and still come out with an overall profit (a total loss on at least 2 of most of the loans would still leave me in profit, but I "went large" on the dental loan that I particularly liked). As you can see from my signature, I'm also very minor shareholder in Qardus, so you might like to take that into account.
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Post by df on Mar 8, 2022 21:13:28 GMT
It amazes (scares) me that some of you are prepared to risk such on these types of loans on this fledgling platform. Have we really learned nothing over the last few years? Don't get me wrong, I want it to prosper, but so did I with Coll, Lendy, FS etc and look what happened. Someone tell me why this platform AT THIS POINT deserves such eye watering support. For me it's more of a question of how much I prepared to risk per loan and on the platform. I've learned from the above mentioned, helped me to shape much more conservative approach to diversification than I had in the past. I'm comfortable with Q. The ethical part gives a layer of comfort, loans are amortising, borrowers are carefully selected, no sign of greed for expansion. My investment in Q is very little and proportional, so in worst case scenario the loss won't be dramatic.
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Greenwood2
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Post by Greenwood2 on Mar 9, 2022 8:13:26 GMT
It amazes (scares) me that some of you are prepared to risk such on these types of loans on this fledgling platform. Have we really learned nothing over the last few years? Don't get me wrong, I want it to prosper, but so did I with Coll, Lendy, FS etc and look what happened. Someone tell me why this platform AT THIS POINT deserves such eye watering support. When you read that some lenders lost six figure sums (or even more) on failed platforms. a few thousand is just a toe dip (if any like that are still lending). It is an interesting platform, but the Q-First (£10,000 + at least £2,500 / eligible loan for a % boost) is a bit rich for me on a newish platform with low diversification. Deal flow is also slow to try to build up any investment. Edit: I assume that a new message about Q-First implies a new loan is probably in/or about to be in pre-funding, for those that are in Q-First.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Mar 9, 2022 8:49:18 GMT
It amazes (scares) me that some of you are prepared to risk such on these types of loans on this fledgling platform. Have we really learned nothing over the last few years? Don't get me wrong, I want it to prosper, but so did I with Coll, Lendy, FS etc and look what happened. Someone tell me why this platform AT THIS POINT deserves such eye watering support. Maybe there is another way of interpreting recent history. That is that platforms have been much safer in their fledging days and only went off the rails when they tried to expand too fast. Of the platforms I have used I made my most profit (in £ terms) from Lendy and MT, most in % terms in C, but I bailed out of them at the first signs of trouble, first from C than L then (sadly) MT. As for "these types of loans" yes, they are unsecured against any fixed asset but they are secured against the profitability of the business, so here we are depending on the efficacy of their auditors in checking their published accounts, whereas with property backed loans we are dependent on valuations which have often proved to be wildly optimistic owned by SPVs with no other assets. I actually prefer the former. Compare and contrast the attitude of an owner to the prospect of his business going bust if one is thriving and the other is a SPV whose project has failed. BTW does anyone in Q First recall if they got Q Boost on the investment tranche which took them over the £10k limit or if they had to wait for the next one?
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Mar 9, 2022 8:54:05 GMT
It amazes (scares) me that some of you are prepared to risk such on these types of loans on this fledgling platform. Have we really learned nothing over the last few years? Don't get me wrong, I want it to prosper, but so did I with Coll, Lendy, FS etc and look what happened. Someone tell me why this platform AT THIS POINT deserves such eye watering support. Maybe there is another way of interpreting recent history. That is that platforms have been much safer in their fledging days and only went off the rails when they tried to expand too fast. Of the platforms I have used I made my most profit (in £ terms) from Lendy and MT, most in % terms in C, but I bailed out of them at the first signs of trouble, first from C than L then (sadly) MT. As for "these types of loans" yes, they are unsecured against any fixed asset but they are secured against the profitability of the business, so here we are depending on the efficacy of their auditors in checking their published accounts, whereas with property backed loans we are dependent on valuations which have often proved to be wildly optimistic owned by SPVs with no other assets. I actually prefer the former. Compare and contrast the attitude of an owner to the prospect of his business going bust if one is thriving and the other is a SPV whose project has failed. BTW does anyone in Q First recall if they got Q Boost on the investment tranche which took them over the £10k limit or if they had to wait for the next one? 10K boosted, no waiting.
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Greenwood2
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Post by Greenwood2 on Mar 9, 2022 9:09:57 GMT
Maybe there is another way of interpreting recent history. That is that platforms have been much safer in their fledging days and only went off the rails when they tried to expand too fast. Of the platforms I have used I made my most profit (in £ terms) from Lendy and MT, most in % terms in C, but I bailed out of them at the first signs of trouble, first from C than L then (sadly) MT. As for "these types of loans" yes, they are unsecured against any fixed asset but they are secured against the profitability of the business, so here we are depending on the efficacy of their auditors in checking their published accounts, whereas with property backed loans we are dependent on valuations which have often proved to be wildly optimistic owned by SPVs with no other assets. I actually prefer the former. Compare and contrast the attitude of an owner to the prospect of his business going bust if one is thriving and the other is a SPV whose project has failed. BTW does anyone in Q First recall if they got Q Boost on the investment tranche which took them over the £10k limit or if they had to wait for the next one? 10K boosted, no waiting. But how can you pre-fund to put in the over £10k bit if you don't know a loan is in pre-funding, because you are not yet in Q-First?
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Post by Badly Drawn Stickman on Mar 9, 2022 9:18:24 GMT
It amazes (scares) me that some of you are prepared to risk such on these types of loans on this fledgling platform. Have we really learned nothing over the last few years? Don't get me wrong, I want it to prosper, but so did I with Coll, Lendy, FS etc and look what happened. Someone tell me why this platform AT THIS POINT deserves such eye watering support. Maybe there is another way of interpreting recent history. That is that platforms have been much safer in their fledging days and only went off the rails when they tried to expand too fast. Of the platforms I have used I made my most profit (in £ terms) from Lendy and MT, most in % terms in C, but I bailed out of them at the first signs of trouble, first from C than L then (sadly) MT. As for "these types of loans" yes, they are unsecured against any fixed asset but they are secured against the profitability of the business, so here we are depending on the efficacy of their auditors in checking their published accounts, whereas with property backed loans we are dependent on valuations which have often proved to be wildly optimistic owned by SPVs with no other assets. I actually prefer the former. Compare and contrast the attitude of an owner to the prospect of his business going bust if one is thriving and the other is a SPV whose project has failed. BTW does anyone in Q First recall if they got Q Boost on the investment tranche which took them over the £10k limit or if they had to wait for the next one? The lack of parachutes may somewhat counteract the alternative interpretation with Q.
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huxs
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Post by huxs on Mar 9, 2022 9:35:26 GMT
But how can you pre-fund to put in the over £10k bit if you don't know a loan is in pre-funding, because you are not yet in Q-First? Yes only good for those already with > 10k invested
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jonno
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Post by jonno on Mar 9, 2022 9:39:19 GMT
Thanks for your replies. I have to say that I'm still far from convinced about making significant investments in these loans. I'll carry on "dipping my toe", and let you pioneers provide the bulk in exchange for the extra returns. Good luck to us all  |
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littleoldlady
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Post by littleoldlady on Mar 9, 2022 11:40:54 GMT
But how can you pre-fund to put in the over £10k bit if you don't know a loan is in pre-funding, because you are not yet in Q-First? Yes only good for those already with > 10k invested I don't think "pre-fund" in this context means investing in advance of the launch, but simply in advance of the loan closing. So providing there is some available after the existing QFs had had their fill it should qualify. But rather than speculating I asked if any existing QF member could remember.
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dave4
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Post by dave4 on Mar 9, 2022 12:49:14 GMT
Yes only good for those already with > 10k invested I don't think "pre-fund" in this context means investing in advance of the launch, but simply in advance of the loan closing. So providing there is some available after the existing QFs had had their fill it should qualify. But rather than speculating I asked if any existing QF member could remember. Q rewards system is Quite a clever incentive tool. Early on (Platform launch) it encourages lenders in 2 ways, increasing the platforms lender pool and rewarding them. Later on it continues to reward lenders and also encourages Platform interest and continues to increase the lender pool. Now (present day relaunch) it continues the above, past lenders can invest/ reinvest returns (less /the min to qualify) or step back. So if a lender decided to reinvest repayments the rewards are continues to be compounded. Shrewd business concept. My guess biased on absolutely nothing is that this is the last incentive offer before a sm will be introduced.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Jun 28, 2022 18:42:17 GMT
Q Boost. New for July 2022. Get up to 2% Q Boost when you pre-fund deals on our site. Investors who have invested more than £10,000 in total on our platform are directly eligible to be part of the Q First program. As part of Q First you get: Exclusive access to pre-fund deals on our site up to 5 days before they go live. Access a new and exclusive Q Boost program only when you pre-fund deals on our site. Get other perks and benefits that we will announce soon! Any member of our Q First program who invests over £2,500 in an offer on our platform during the exclusive access period only is entitled to up to 2% Q Boost. A Q Boost is like CashBack, but rather than paying you cash when the investment funds, we increase your investment by the same amount instead. So your CashBack has the potential to earn a return as well! Link to web site info and example. qardusscore.us20.list-manage.com/track/click?u=8d2ebfc174ce5ae5cd4fd29fb&id=7d094618fe&e=19bdd14879 |
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Greenwood2
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Post by Greenwood2 on Jun 29, 2022 10:06:34 GMT
Q Boost. New for July 2022. Get up to 2% Q Boost when you pre-fund deals on our site. Investors who have invested more than £10,000 in total on our platform are directly eligible to be part of the Q First program. As part of Q First you get: Exclusive access to pre-fund deals on our site up to 5 days before they go live. Access a new and exclusive Q Boost program only when you pre-fund deals on our site. Get other perks and benefits that we will announce soon! Any member of our Q First program who invests over £2,500 in an offer on our platform during the exclusive access period only is entitled to up to 2% Q Boost. A Q Boost is like CashBack, but rather than paying you cash when the investment funds, we increase your investment by the same amount instead. So your CashBack has the potential to earn a return as well! Link to web site info and example. qardusscore.us20.list-manage.com/track/click?u=8d2ebfc174ce5ae5cd4fd29fb&id=7d094618fe&e=19bdd14879I don't think many will be putting a lot of cash in Q until the 'bad' loan is sorted out. One down on a young platform with not many loans doesn't promote confidence in future loans.
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. Still a nice little win if you qualify.
