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Post by bracknellboy on Jan 12, 2014 8:37:47 GMT
> ...there are easier places to invest... and There are plenty of other places in invest.
Care to share? With similar rates of return? And similar security? well I guess Assetz would be one: if there were enough deals coming off the block. They may have the ££volume but not the loan volume to build diversification.
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Post by lynnanthony on Jan 12, 2014 9:06:42 GMT
> ...there are easier places to invest... and There are plenty of other places in invest.
Care to share? With similar rates of return? And similar security? well I guess Assetz would be one: if there were enough deals coming off the block. They may have the ££volume but not the loan volume to build diversification. That's my point, in part. If is no good. In the here and now rather than in theory or maybe in the future ..... what are these places that are easier to invest? Building societies?
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Post by elljay on Jan 12, 2014 9:57:05 GMT
> ...there are easier places to invest... and There are plenty of other places in invest.
Care to share? With similar rates of return? And similar security? Well the "easier" was mine - so pretty much anywhere that you don't need to read through a propectus and Q&A. I'll bite on the rest - "similar rates of return" - of the ones I've invested in: FS & SS. "Similar security" - again FS ans SS are secured (though I accept that's yet to be tested!). FS & SS don't (yet?) have secondary markets so I accept it's easier (assuming you can find a buyer) to get out of TC.
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Post by bracknellboy on Jan 12, 2014 10:29:21 GMT
I think its about time we put up a 'Glossary' for this board. With the preponderance of xC's and xS's life is getting too complicated for my little brain: FS: Funding Secure SS: Saving Stream RS: Rate Setter AC: Assetz Capital FC: Funding Circle TC: Thin Cats Zopa: uhhh, Zopa Anyone want to expand and then put it up as a stickie ?? I suggest a penalty of instant banning from the forum for any poster that fails to use the once-approved acronyms in the correct way.
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Post by elljay on Jan 12, 2014 10:41:17 GMT
I think its about time we put up a 'Glossary' for this board. I suggest a penalty of instant banning from the forum for any poster that fails to use the once-approved acronyms in the correct way. LOL! 'tis done.
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Post by lynnanthony on Jan 12, 2014 10:58:20 GMT
> ...there are easier places to invest... and There are plenty of other places in invest.
Care to share? With similar rates of return? And similar security? Well the "easier" was mine - so pretty much anywhere that you don't need to read through a propectus and Q&A. I'll bite on the rest - "similar rates of return" - of the ones I've invested in: FS & SS. "Similar security" - again FS ans SS are secured (though I accept that's yet to be tested!). FS & SS don't (yet?) have secondary markets so I accept it's easier (assuming you can find a buyer) to get out of TC. Not to challenge you, but how many loans do they have available? Are they viable alternatives yet to, say, TC. (Save me the need to register to find out ). On the SS threads a new loan seems to be a cause for comment?
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Post by mrclondon on Jan 12, 2014 12:15:09 GMT
It was the lack of sufficient (long term) deals on AC that prompted me to increase my activity on TC a few months ago, but too many of the deals on TC are either not fully secured - e.g. the one thats just gone into administration after 2 repayments, or bid down to unrealistic rates via dynamic bidding. Despite the IT mess they have created, I intend to continue (very selectively) with TC. The software release in December has probably set back their growth plans considerably, but given they have been trading profitably, it is probable that a few months of negative growth won't do them much long term harm. In my view the much hinted introduction of a lenders fee this year may have a more severe impact.
All sites seem to be still in the post Christmas lull, so far this year there has been 2 new loans on TC, 1 (very small) on SS, and nothing on AC & FS. One alternative based on a similiar underlying asset class to AC is Wellesley & Co which although paying lower rates offers interest immediately and the ability to defer interest to future tax years.
I'm already finding it is a challenge to push significant volumes of cash into P2x whilst retaining a good diversification, and that's before a 25 year endowment policy matures later this year not to mention a load of 6/12 month AC loans maturing and c. a third of my FC balance as I run the loan book there down. Short term though I must remember I've a 4 figure tax bill to pay later this month followed by a 4 figure credit card bill with my annual underground season ticket on it.
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Post by elljay on Jan 12, 2014 12:27:56 GMT
Not to challenge you, but how many loans do they have available? Are they viable alternatives yet to, say, TC. (Save me the need to register to find out ). On the SS threads a new loan seems to be a cause for comment? Quite happy with a challenge. FS: zero, with some in the pipeline. SS: about £40ks worth with £144k in the pipeline.
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Post by bracknellboy on Jan 12, 2014 15:07:49 GMT
......and that's before a 25 year endowment policy matures later this year.... Good point: talking of worst investments I've ever made mine must be coming up for maturity very soon.
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agent69
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Post by agent69 on Jan 12, 2014 17:03:01 GMT
Not to challenge you, but how many loans do they have available? Are they viable alternatives yet to, say, TC. (Save me the need to register to find out ). On the SS threads a new loan seems to be a cause for comment? Quite happy with a challenge. FS: zero, with some in the pipeline. SS: about £40ks worth with £144k in the pipeline. FC: about 50 loans last week valued at about £3m
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agent69
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Post by agent69 on Jan 12, 2014 17:36:21 GMT
and that's before a 25 year endowment policy matures later this year Now if you had an endowment that was worth more than the debt you were paying off, that would be worth talking about
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Post by lynnanthony on Jan 12, 2014 20:07:13 GMT
Quite happy with a challenge. FS: zero, with some in the pipeline. SS: about £40ks worth with £144k in the pipeline. FC: about 50 loans last week valued at about £3m Any of the FC ones have any security worth mentioning?
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mikeb
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Post by mikeb on Jan 13, 2014 19:05:21 GMT
FC: about 50 loans last week valued at about £3m Any of the FC ones have any security worth mentioning? Not in the last week. Secured ones seem to be rare as hen's teeth at the minute. 4441,4473 were the last secured ones I noticed. (26 Dec, 6th Jan). Meanwhile Director's Guarantees and "Not Applicables" are whizzing on through. Currently 55 on offer, no security to be seen.
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bugs4me
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Post by bugs4me on Jan 13, 2014 22:38:35 GMT
Any of the FC ones have any security worth mentioning? Not in the last week. Secured ones seem to be rare as hen's teeth at the minute. 4441,4473 were the last secured ones I noticed. (26 Dec, 6th Jan). Meanwhile Director's Guarantees and "Not Applicables" are whizzing on through. Currently 55 on offer, no security to be seen. Director's Guarantees/Personal Guarantees are about as useful as a chocolate teapot unless they are secured in some way.
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spiral
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Post by spiral on Jan 15, 2014 17:46:14 GMT
Director's Guarantees/Personal Guarantees are about as useful as a chocolate teapot unless they are secured in some way. So your not in on the chocolate teapots 'R' us loan with first charge over all their stock.
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