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Post by Badly Drawn Stickman on Nov 14, 2021 9:48:11 GMT
after all thats happened over the last 2 years, im surprised you seem to have reverted back... and you are recommending P2P.. 🤷♂️🤷♂️ All to the merit of Loanpad, it's worth reading into how they handle their loan contracts and exposures as really it should be (and I think it will be to some extent) the future frameworks for successful P2P platforms. I cannot see any other platform removing liquidity and DD oversight risk without having external institutional lending partners taking on the risker tranches. I have higher exposure to other asset types, but Loanpad makes a great home for cash in transit to more long-term investments, like stocks/property; whilst cash is trash at least. And there was me cynically thinking you just fancied the £50 and rate boost you would have got if your kind offer of a referral had been snapped up. Tut at me.
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Post by Harland Kearney on Nov 14, 2021 13:31:47 GMT
All to the merit of Loanpad, it's worth reading into how they handle their loan contracts and exposures as really it should be (and I think it will be to some extent) the future frameworks for successful P2P platforms. I cannot see any other platform removing liquidity and DD oversight risk without having external institutional lending partners taking on the risker tranches. I have higher exposure to other asset types, but Loanpad makes a great home for cash in transit to more long-term investments, like stocks/property; whilst cash is trash at least. And there was me cynically thinking you just fancied the £50 and rate boost you would have got if your kind offer of a referral had been snapped up. Tut at me. The £50 is most welcome! I just think the site is very overlooked on this board as its hidden in the minor section. People should check it out themselves by all means; but a trip to the LoanPad section will tell all you need to know in some of the threads. Eventually I hope to see it placed in the major secton with time.
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trium
Member of DD Central
Posts: 384 
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Post by trium on Nov 15, 2021 13:28:16 GMT
On the contrary, Loanpad has attracted quite a lot of attention around here. There is a danger that the loan flow might not always keep up with investor demand. I prefer to keep a bit of a lid on it - the platform is following a prudent approach in growing gradually.
As for the platform's status on these boards, I don't think the traffic justifies elevation. So long as Loanpad remains simple and free of issues I expect it to remain very quiet. 👍
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Post by Deleted on Nov 18, 2021 17:33:35 GMT
Further to the conversation about Funds/Stocks and Shares/US Stocks and Share I suspect that for many of us the last few (2-5) years have been an unusually attractive period with 20%+ year on year growth relatively easily available. This is not to say that such success will continue forever, but apart from Putin and Winnie the Pooh (Xi) there is little on the horizon for the next 3 years to hold these assets down. The trouble with buying and the timing of buying all such assets is that it is hard to see the wood from the trees. It requires time, education and a rigorous process to find a mechanism that works for you to achieve what you want. This is true of funds as much as shares. Without intending to be rude about any of the other authors on this site, it is too easy to turn down asset A in favour of asset B for all kinds of emotional/technical/theoretical reasons but at the end of the day some people make money and some don't, the trick is to make money consistently.
If we take an example from another part of the forest, in Chat we have been discussing Rivian's IPO. Without doubt this company, under normal analysis is a disaster. No sales, no products just a cash pile and a dream. Yet in the last few days its share price has risen from roughly $ 84 to $ 160 (at one point). My colleagues on this site, quiet rightly poo-pooed the company that quickly became the second most valuable car company in the world. But the point was the Share price (not the company) roughly doubled in value in a few days and was forecast to do so.
Other authors on this site have their mechanisms and I take my hat off to them as each in their own way has a successful process (probably better than mine) but they know how it works and they have used, tried and tested it until they are confident in it.
So don't walk away from the asset class. You are right to recognise that what you have tried did not work, but what process does work the first time? I suspect my own knowledge has taken 5 to 6 years of solid graft to get to the point where I could trust it and another 6 years to bring in large gains. Develop a process, educate yourself and work at it. If you'd like ideas on books to read or even processes then ask. But at the end of the day you have to own how you make money so you can risk it.
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Post by martin44 on Nov 18, 2021 18:14:27 GMT
Further to the conversation about Funds/Stocks and Shares/US Stocks and Share I suspect that for many of us the last few (2-5) years have been an unusually attractive period with 20%+ year on year growth relatively easily available. This is not to say that such success will continue forever, but apart from Putin and Winnie the Pooh (Xi) there is little on the horizon for the next 3 years to hold these assets down. The trouble with buying and the timing of buying all such assets is that it is hard to see the wood from the trees. It requires time, education and a rigorous process to find a mechanism that works for you to achieve what you want. This is true of funds as much as shares. Without intending to be rude about any of the other authors on this site, it is too easy to turn down asset A in favour of asset B for all kinds of emotional/technical/theoretical reasons but at the end of the day some people make money and some don't, the trick is to make money consistently.
If we take an example from another part of the forest, in Chat we have been discussing Rivian's IPO. Without doubt this company, under normal analysis is a disaster. No sales, no products just a cash pile and a dream. Yet in the last few days its share price has risen from roughly $ 84 to $ 160 (at one point). My colleagues on this site, quiet rightly poo-pooed the company that quickly became the second most valuable car company in the world. But the point was the Share price (not the company) roughly doubled in value in a few days and was forecast to do so.
Other authors on this site have their mechanisms and I take my hat off to them as each in their own way has a successful process (probably better than mine) but they know how it works and they have used, tried and tested it until they are confident in it.
So don't walk away from the asset class. You are right to recognise that what you have tried did not work, but what process does work the first time? I suspect my own knowledge has taken 5 to 6 years of solid graft to get to the point where I could trust it and another 6 years to bring in large gains. Develop a process, educate yourself and work at it. If you'd like ideas on books to read or even processes then ask. But at the end of the day you have to own how you make money so you can risk.
The next step up is crypto..
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Post by Deleted on Nov 18, 2021 18:17:28 GMT
The next step up is crypto.. I don't have enough life to learn how to manage crypto and there is not enough data out there for me to start for another 5 years
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Post by martin44 on Nov 18, 2021 18:23:36 GMT
The next step up is crypto.. I don't have enough life to learn how to manage crypto and there is not enough data out there for me to start for another 5 years Same here.. ive been short terming it for the last few years, im still in stocks.. but a little worried.
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on Nov 18, 2021 19:02:20 GMT
“It requires time, education and a rigorous process to find a mechanism that works for you to achieve what you want. “
Or just buy VWRL which needs no time, education or process and will beat 80 - 95% if active funds over 10 - 20 years. Investing is easy.
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Nomad
Member of DD Central
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Post by Nomad on Nov 18, 2021 19:52:44 GMT
The next step up is crypto.. I don't have enough life to learn how to manage crypto and there is not enough data out there for me to start for another 5 years My understanding of crypto is very limited, so I had a dabble in this - Etoro Crypto Equal
It's been an interesting ride...
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Post by Deleted on Nov 19, 2021 17:17:30 GMT
“It requires time, education and a rigorous process to find a mechanism that works for you to achieve what you want. “ Or just buy VWRL which needs no time, education or process and will beat 80 - 95% if active funds over 10 - 20 years. Investing is easy. I had a rough and ready check of VWRL against how I'd done since 2013. I've beaten it but not by a country mile (just a couple of Bentleys ;-) ). I'd certainly have struggled to invest in the early days while the covid fall would have been emotional to stay in. Did you sell out for Covid and buy back in or ride the roller coaster?
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Post by Ace on Nov 19, 2021 17:38:16 GMT
“It requires time, education and a rigorous process to find a mechanism that works for you to achieve what you want. “ Or just buy VWRL which needs no time, education or process and will beat 80 - 95% if active funds over 10 - 20 years. Investing is easy. I had a rough and ready check of VWRL against how I'd done since 2013. I've beaten it but not by a country mile (just a couple of Bentleys ;-) ). I'd certainly have struggled to invest in the early days while the covid fall would have been emotional to stay in. Did you sell out for Covid and buy back in or ride the roller coaster? @bobo , you're either a very talented, successful and hardworking stock picker or a total liar. For the record, I strongly believe its the former. I wish I had your talent. However, I think hazellend 's approach would beat the vast majority of investors hands down for virtually no effort at all.
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IFISAcava
Member of DD Central
Posts: 3,692
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Post by IFISAcava on Nov 19, 2021 17:56:36 GMT
I had a rough and ready check of VWRL against how I'd done since 2013. I've beaten it but not by a country mile (just a couple of Bentleys ;-) ). I'd certainly have struggled to invest in the early days while the covid fall would have been emotional to stay in. Did you sell out for Covid and buy back in or ride the roller coaster? @bobo , you're either a very talented, successful and hardworking stock picker or a total liar. For the record, I strongly believe its the former. I wish I had your talent. However, I think hazellend 's approach would beat the vast majority of investors hands down for virtually no effort at all. I would however slightly modify hazellend 's strategy and not put it all in one Vanguard fund - just in case the extremely unlikely happened. Put some in an iShares equivalent etf and/or the HSBC All World Fund (which is also a tad cheaper: the circa 0.09% pa adds up over 20 years). I'd use 2 or 3 different platforms too. Same strategy but with some added diversification for extra safety.
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Post by Deleted on Nov 19, 2021 18:07:25 GMT
I had a rough and ready check of VWRL against how I'd done since 2013. I've beaten it but not by a country mile (just a couple of Bentleys ;-) ). I'd certainly have struggled to invest in the early days while the covid fall would have been emotional to stay in. Did you sell out for Covid and buy back in or ride the roller coaster? @bobo , you're either a very talented, successful and hardworking stock picker or a total liar. For the record, I strongly believe its the former. I wish I had your talent. However, I think hazellend 's approach would beat the vast majority of investors hands down for virtually no effort at all. I'm genuinly very impressed with hazellend's bravery and success. I invested for 35 years as a hobby before I took it seriously and felt that holding multiple assets was the only way to go. Even in 2010 and beyond that was still the accepted wisdom but holding just one asset would have been a tough call for me. I have worked at my own investing and I run a family-office, it has taken a long time to get down to roughly 15 assets, so I take my hat off to him. The lack of effort is especially good.
In terms of talent, I think I've been very lucky and used basic O level maths carefully, certainly not talent. But thank you for your comments. For me Stocks and Shares are a hobby so it is nice to make money at it.
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on Nov 19, 2021 18:14:01 GMT
“It requires time, education and a rigorous process to find a mechanism that works for you to achieve what you want. “ Or just buy VWRL which needs no time, education or process and will beat 80 - 95% if active funds over 10 - 20 years. Investing is easy. I had a rough and ready check of VWRL against how I'd done since 2013. I've beaten it but not by a country mile (just a couple of Bentleys ;-) ). I'd certainly have struggled to invest in the early days while the covid fall would have been emotional to stay in. Did you sell out for Covid and buy back in or ride the roller coaster? I never sell, but I did buy during the crash with new money and my cashed out premium bonds. I enjoy crashes, even though they take me down several hundred k these days. Yes, I know I’m weird.
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Nov 19, 2021 18:18:06 GMT
@bobo , you're either a very talented, successful and hardworking stock picker or a total liar. For the record, I strongly believe its the former. I wish I had your talent. However, I think hazellend 's approach would beat the vast majority of investors hands down for virtually no effort at all. I'm genuinly very impressed with hazellend's bravery and success. I invested for 35 years as a hobby before I took it seriously and felt that holding multiple assets was the only way to go. Even in 2010 and beyond that was still the accepted wisdom but holding just one asset would have been a tough call for me. I have worked at my own investing and I run a family-office, it has taken a long time to get down to roughly 15 assets, so I take my hat off to him. The lack of effort is especially good.
In terms of talent, I think I've been very lucky and used basic O level maths carefully, certainly not talent. But thank you for your comments. For me Stocks and Shares are a hobby so it is nice to make money at it.
It does seem like you have a genuine edge and can beat the market. I had to learn the hard way that I’m not a good stock picker or market timer, in fact terrible. Once I accepted that, and just became a know nothing buy and hold index investor, I actually started to do very well lol.
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