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Post by longjohn on Jan 27, 2015 14:28:13 GMT
... suggest a quiz as to when we'll hit £500M but it's just happened.  John |
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min
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Post by min on Jan 27, 2015 20:17:49 GMT
... suggest a quiz as to when we'll hit £500M but it's just happened. John Does that mean we can expect a 'celebratory' splashback offer? Seem to remember we got one to celebrate the £400,000 mark? 
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Post by GSV3MIaC on Jan 28, 2015 8:13:03 GMT
A whole load of the latest slug seem to be whole loan rejects. I wonder if the very low interest rates (due to low loan vo!umes over Xmas) have fed thru to the whole loan rates, rendering them unattractive to the bigger punters? If that's true, the see-saw will swing back soon enough, with no need for general incentives.
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blender
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Post by blender on Jan 28, 2015 9:52:47 GMT
A whole load of the latest slug seem to be whole loan rejects. I wonder if the very low interest rates (due to low loan vo!umes over Xmas) have fed thru to the whole loan rates, rendering them unattractive to the bigger punters? If that's true, the see-saw will swing back soon enough, with no need for general incentives. A good analysis, GSV. The whole loan lenders are not stupid and will realise (or their bots will detect) that their sustained demand over early January has pushed down their own interest rate. Since the subsequent increase in whole loan rates will lag the increase in partial rates, we should see a good buying opportunity with next week's closers, before the whole loaners come back. (No guarantees)
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Post by Deleted on Jan 28, 2015 10:31:11 GMT
I hope so, there was an aweful load of trash in the January and it looks like the A to C- classification took a bit of inflation. I took money out and brought it back in but still no fish biting at the level I'd expect for a loan with no asset protection. Maybe the end of the month pressures will bring a little focus to the month.
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min
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Post by min on Jan 28, 2015 12:40:18 GMT
Passing 400m was just something to put in the text when announcing that they were desperate for more money, sorry, felt like rewarding loyal flippers investors for all their devotion. But if new loans keep coming on the market at the current rate, we might have a celebratory passing 600m cashback offer soon... I had realised that. Tongue was firmly in cheek.
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adrianc
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Post by adrianc on Jan 28, 2015 13:43:47 GMT
£400m to £500m didn't take very long at all.
So how long for the next £500m? C'mon, assembled multitudes, when do you think the Big B will be hit?
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Post by Deleted on Jan 28, 2015 15:36:57 GMT
I see from the newsletter that in all risk groups except C- that interest continues to fall with no end in sight. Let's hope something pulls it up  |
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am
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Post by am on Jan 28, 2015 20:06:13 GMT
I see from the newsletter that in all risk groups except C- that interest continues to fall with no end in sight. Let's hope something pulls it up There seems to have been a cumulative deficit in the loan flow of £20m over 5 weeks. I can imagine that it will take a while to soak that up. I have the impression that if you want a "good" rate, you now have to go for £150,000 loans, whereas before Christmas you could get them on £100,000 ones.
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jonno
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Post by jonno on Jan 28, 2015 20:31:10 GMT
I've been wanting to ask this for a while,so here goes. Why do so many invest on these unsecured loans with awful recovery rates when there are many platforms offering far better security or at least better rates (apart from the mild entertainment value)?. I ask this genuinely because I do sometimes worry if I'm losing the plot.
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Post by davee39 on Jan 28, 2015 21:44:06 GMT
Why I do not go after higher rates elsewhere
1) Better rates = More Risk
2) Better security - ie property - largely illusory - could involve a long wait for recovery in a default
3) Complicated websites
4) High minimum stakes
5) Harder to diversify
6)Potentially poorer liquidity
On FC I have achieved about 13% over the last year after defaults. That suits me fine. I understand the rules and the risks and can get out fast if I need to.
Clearly others feel very differently and other platforms have their fans, but for all its faults I am happy to continue to invest.
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am
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Post by am on Jan 29, 2015 13:36:48 GMT
My principle reason for using Funding Circle is diversification within asset class (current portfolio of 29 property development loans, 2 commercial mortgages, and 129 SME loans) - I wouldn't have been able to achieve this on other platforms. Additional points are the small minimum investments, which allowed me to familiarise myself with the market/system with a limited exposure, and the existence of relatively inexpensive exit strategy. (It seems to me that if interest rates moved in the wrong way unrolling a position in RateSetter could lead to a capital loss.)
Now I've got a diversified portfolio I've started dabbling in AssetzCapital (4 wind turbine projects) and am thinking of looking into other platforms.
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