littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jan 4, 2022 19:08:01 GMT
You are entitled to your opinion but in that case what are you doing on this forum? There are plenty of others devoted to S&S.
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Post by Ace on Jan 4, 2022 19:28:01 GMT
It seems to me that the most you could earn from UK P2P is now about 5% per annum with the possibility of a huge loss when another platform collapses. Hardly worth the risk. My P2P portfolio returned over 10% in the last calendar year. It has returned an XIRR of 7.5% over the last 4 years. See here for details. It's all in UK platforms apart from the 0.24% stuck in Grupeer.
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angrysaveruk
Member of DD Central
Say No To T.D.S
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Post by angrysaveruk on Jan 4, 2022 20:57:28 GMT
It seems to me that the most you could earn from UK P2P is now about 5% per annum with the possibility of a huge loss when another platform collapses. Hardly worth the risk. My P2P portfolio returned over 10% in the last calendar year. It has returned an XIRR of 7.5% over the last 4 years. See here for details. It's all in UK platforms apart from the 0.24% stuck in Grupeer.
I hope you can get your money out at some point. Anyone in P2P right now should be worried about owning a pile of loans they cant sell and that will eventually default. I would also think the risk of platforms folding has gone up considerably.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Jan 4, 2022 21:16:09 GMT
My P2P portfolio returned over 10% in the last calendar year. It has returned an XIRR of 7.5% over the last 4 years. See here for details. It's all in UK platforms apart from the 0.24% stuck in Grupeer.
I hope you can get your money out at some point. Anyone in P2P right now should be worried about owning a pile of loans they cant sell and that will eventually default. I would also think the risk of platforms folding has gone up considerably.
FCA an't helping And is could be the biggest factor is lost platforms and £££££££££££££££££.
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Post by overthehill on Jan 4, 2022 21:37:32 GMT
My P2P portfolio returned over 10% in the last calendar year. It has returned an XIRR of 7.5% over the last 4 years. See here for details. It's all in UK platforms apart from the 0.24% stuck in Grupeer.
I hope you can get your money out at some point. Anyone in P2P right now should be worried about owning a pile of loans they cant sell and that will eventually default. I would also think the risk of platforms folding has gone up considerably.
It's an interesting but not necessarily valid point. I did a quick calculation and I estimate there is about 25% of my P2P portfolio I couldn't liquidate within a week and that is mainly due to the absence of a SM rather than problem loans.
Platform risk has gone up considerably ? Has it ? Now we've got rid of fundingsecure, lendy, collateral and other misfits. More market for the top players. P2P is becoming more mainstream than ever and the rewards of institional funding or acquisition after a successful retail period is the incentive. Europe seems to be in an even better position, can't help but think I've missed out there.
I don't keep XIRR, too late for that, but my running P2P ROI is around 7.5% and that doesn't include referral bonuses or penalty interest. It will drop depending on problem loans and whether interest is recovered. As for capital, it's only Fundingsecure and Archover I may lose a small amount of capital overall, maybe 1% of my total P2P portfolio, after subtracting earned interest.
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Post by Ace on Jan 5, 2022 7:33:28 GMT
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jan 5, 2022 11:20:04 GMT
I appreciate the irony in what I'm about to say, but as a taxpayer, if I pulled out of P2P altogether, I will lose any opportunity to offset the tax on losses I've suffered against any profits that I make over the next few years. Because of this I have undoubtedly moved towards the "safer" end of p2p (i know, I know) as if I can return 5-7% tax free that's not bad.
I should say here that notwithstanding the above I have far more invested in S+S than p2p.
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corto
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one-syllabistic
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Post by corto on Jan 5, 2022 13:33:56 GMT
It seems to me the 9% must be a medium term XIRR or something. Returns have been continuously going down basically everywhere.
It may also be an average over platforms still existing ignoring the crunched ones. If one of 10 platforms each paying 10% is a complete failure you end up with a loss.
The number also ignores the frozen/defaulted funds that are accumulating at some providers and will reduce returns in the future the more the more they are accumulating.
~7% it is for me this year minus uncertain amounts of money locked in with various half-dead providers that could bring it down to ~1-2% in the worst case.
That does not include any further platform failures.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 5, 2022 16:39:48 GMT
It seems to me the 9% must be a medium term XIRR or something. Returns have been continuously going down basically everywhere. It may also be an average over platforms still existing ignoring the crunched ones. If one of 10 platforms each paying 10% is a complete failure you end up with a loss. The number also ignores the frozen/defaulted funds that are accumulating at some providers and will reduce returns in the future the more the more they are accumulating. ~7% it is for me this year minus uncertain amounts of money locked in with various half-dead providers that could bring it down to ~1-2% in the worst case. That does not include any further platform failures. You have to consider what the figures represent. We arent just talking about straight P2P platforms here, there are a lot of alternative investment platforms that provide IFISA so you are factoring in institutional returns derived through funds as well.
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