merlin
Minor shareholder in Assetz and many other companies.
Posts: 902 
Likes: 302
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Post by merlin on Dec 15, 2015 7:45:54 GMT
I jumped ship a long while back and am only left with a string of defaulted loans a few of which dribble in a few pennies very occasionally. I have a similar problem with AC loans except that I am now down to seven defaulters who ultimately may produce (deep breath a small prayer) most of my capital but little or nothing by way of interest owed. I am afraid my high hopes with both FC & AC are now just sad learning experiences and taking into account all factors I would have done better at leaving my £50k+ in the Nationwide at 1% interest. , to understand how your experience compares with what Frightfully Confident publish on diversified returns, may I ask what percentage of your FC+AC lending total was the individual size of your defaulted loans? I appreciate you were diversified across other platforms. Difficult to give an accurate figure as percentage wise much changed over time and I have not kept detailed records of loans that have now dropped off the radar. I think I still have around 30 defaulted loans on FC that is according to their list. With AC it is more difficult to say as I have around 11 loans in difficulty out of possibly 50 ish that I was at one time in. Hopefully in both AC and FC cases some of the capital (but little of the interest) will be recovered but at the current rate of progress of both this could be years away yet.
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Post by ratrace on Dec 15, 2015 11:38:23 GMT
lts sad to hear that merlin has not done well on FC.
As l have been very pleased with the results l have been getting from FC. For a small lender like me than FC is the best on offer for lending to SME's in terms of choice and spreading your risk.
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Dec 15, 2015 11:58:30 GMT
lts sad to hear that merlin has not done well on FC. As l have been very pleased with the results l have been getting from FC. For a small leader like me than FC is the best on offer for lending to SME's in terms of choice and spreading your risk. I have all my loans on SM if you want to spread your risk further and hope that as a "small leader" others will follow you then. 
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Post by ratrace on Dec 15, 2015 12:20:29 GMT
lts sad to hear that merlin has not done well on FC. As l have been very pleased with the results l have been getting from FC. For a small leader like me than FC is the best on offer for lending to SME's in terms of choice and spreading your risk. I have all my loans on SM if you want to spread your risk further and hope that as a "small leader" others will follow you then. Yes that should have been "small lender" not "small leader". My spelling let's me down again. 
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Dec 15, 2015 12:49:16 GMT
I have all my loans on SM if you want to spread your risk further and hope that as a "small leader" others will follow you then. Yes that should have been "small lender" not "small leader". My spelling let's me down again. So, are you going to buy my loans? 
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Post by many38 on Dec 15, 2015 16:00:26 GMT
lts sad to hear that merlin has not done well on FC. As l have been very pleased with the results l have been getting from FC. For a small lender like me than FC is the best on offer for lending to SME's in terms of choice and spreading your risk. You did say lender. Can't understand how it got changed in the quote?
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Dec 15, 2015 16:01:47 GMT
lts sad to hear that merlin has not done well on FC. As l have been very pleased with the results l have been getting from FC. For a small lender like me than FC is the best on offer for lending to SME's in terms of choice and spreading your risk. You did say lender. Can't understand how it got changed in the quote?No, it was a joke on a typo. When one edits the original, the quote is not changed. BTW, I am still hoping to sell my parts on the SM.
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Post by ratrace on Dec 15, 2015 23:40:27 GMT
lts sad to hear that merlin has not done well on FC. As l have been very pleased with the results l have been getting from FC. For a small lender like me than FC is the best on offer for lending to SME's in terms of choice and spreading your risk. You did say lender. Can't understand how it got changed in the quote?No l first wrote "small leader" by mistake, and then changed it later when my mistake was pointed out.
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Dec 16, 2015 6:16:38 GMT
So are you going to buy my loans? I'd be happy to buy your loan parts if they are quality loans. So I know which parts are yours, could I suggest you put them at a 4% discount, then I can filter easily and pick out the right ones. That is a good idea, I will do so immediately.
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acky
Posts: 481
Likes: 262
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Post by acky on Dec 16, 2015 9:28:33 GMT
I'd be happy to buy your loan parts if they are quality loans. So I know which parts are yours, could I suggest you put them at a 4% discount, then I can filter easily and pick out the right ones. That is a good idea, I will do so immediately. Sadly, metoo, there are 3 flaws to your plan - (1) ablender lied, (2) the bots would beat you to it, and (3) so would I and the rest of the wolves on this forum!
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Post by goldservice on Apr 1, 2016 10:31:00 GMT
This rat is still perched on the gunwales of the Frail Craft but wants to jump. Suppose you hold a chunk of RS and SS already and you want to lend on a third site which shares some virtues with RS and SS, which site would you choose? If people suggest up to three sites in decreasing order of preference, then I’ll summarise.
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mikeh
Member of DD Central
Posts: 499
Likes: 370
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Post by mikeh on Apr 1, 2016 10:44:33 GMT
Moneything by a mile.
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Post by Butch Cassidy on Apr 1, 2016 10:45:32 GMT
This rat is still perched on the gunwales of the Frail Craft but wants to jump. Suppose you hold a chunk of RS and SS already and you want to lend on a third site which shares some virtues with RS and SS, which site would you choose? If people suggest up to three sites in decreasing order of preference, then I’ll summarise. MT is an excellent, well run platform, offering 10-12% - Still growing & learning but lots to like, with new partners coming on board regularly - I wouldn't hesitate to recommend them
Currently growing my Ablrate exposure, mainly due to diversity of assets - planes, modular buildings lease etc Niche player but plenty of potential
AC is my largest holding & probably the most prepared for FCA regulation (of my platforms) with slick website & SM, good DD & professional senior management - they are going in a different, mass market, lower rates, direction currently for me personally but are likely to be one of the long term p2p winners.
I too was leaving FC after the fixed rate imposition & refusal to address PM/SM bot wars but have begun reinvesting in hand picked D & E's as the rates are fair for the risk.
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kt
Posts: 105 
Likes: 39
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Post by kt on Apr 1, 2016 10:52:28 GMT
With the level of institutional investors I feel that FC no longer cares for or about individual investors. Each is merely a drop in the ocean of the money invested by IVs.
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am
Posts: 1,495
Likes: 601
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Post by am on Apr 1, 2016 10:53:03 GMT
This rat is still perched on the gunwales of the Frail Craft but wants to jump. Suppose you hold a chunk of RS and SS already and you want to lend on a third site which shares some virtues with RS and SS, which site would you choose? If people suggest up to three sites in decreasing order of preference, then I’ll summarise. AC has a "near cash" product (QAA) which is currently (special April offer) paying more than the RS equivalent (monthly market), and a mix of secured loans, including bridges and development loans (but a lower rates than SS). MT has bridging and development loans at rates between 9 and 12%, which I reckon are better quality than those at SS. (I'm about to get 3 months interest for about 6 weeks on one loan, so that beats SS's rates by a fair margin, but I don't suppose that we happen often.) AC has a wide variety of other types of loans - commercial mortgages, BTLs, secured SME, infrastructure - so it's fairly good for asset class diversification. MT also has a variety of other loan types and a strategy for diversification, but the greater number of those are beyond my ethical boundary. If haven't looked into FS, but I suspect that FS and MT have similar loan book profiles at the moment.
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