Investor
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Post by Investor on Apr 7, 2015 13:36:52 GMT
Interesting poll from j.
Seems like many responses are along the lines of 'still have a lot left with xxxxx' or 'moving it from xxxxx to xxxxx as quickly as possible' or 'started off with xxxxx but didn't like when they changed yyyyy'. Certainly interesting to see that the majority seem to feel their current position may not be the same as their view of their optimum position.
With that in mind and given we all started our respective p2p journey as novices and many of us might admit to having made the odd mistake along the way, coupled with the changes of the platforms that have happened in the last few years (rates/risk etc), this poll is based on current views of the platforms.
So the question is, knowing what you know now, given that all platforms have unlimited deal flow and given that you can still diversify over a number of platforms, 'Where would you NOW choose to invest most of your p2p money.'
**All platform acronyms have been removed from the poll for security reasons** 
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SteveT
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Post by SteveT on Apr 7, 2015 13:50:37 GMT
My vote was on the basis that, whilst deal flow is to be assumed unlimited across all platforms, other real-world limitations of the current rates available / current lending structure / current website failings / etc. still apply
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Investor
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Post by Investor on Apr 7, 2015 13:59:41 GMT
My vote was on the basis that, whilst deal flow is to be assumed unlimited across all platforms, other real-world limitations of the current rates available / current lending structure / current website failings / etc. still apply Those were my thoughts. I suppose another way of looking at it would be 'if you could re-diversify (yep think I made that word up) your current investments across all platforms without incurring any withdrawal losses, thereby balancing them to your current view of the optimum, which platform would hold the majority share of your portfolio?'
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star dust
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Post by star dust on Apr 7, 2015 14:21:32 GMT
My vote was the same as in j 's poll, but I think it may well change in the next six months. If the platforms remained the same I think I would re-balance a bit, and maybe add a few new ones to my portfolio, however, as it is such a rapidly moving field at the moment I'm expecting more changes to come to existing platforms, together with new kids on the block and maybe a few expirations or stagnations. Not sure those are real words either  . |
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webwiz
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Post by webwiz on Apr 7, 2015 18:30:01 GMT
I did not vote because I am aiming for maximum diversification.
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bugs4me
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Post by bugs4me on Apr 10, 2015 13:55:12 GMT
Investor - thanks for putting the new poll up. IMO as platforms seem to change their attitude to lenders/investors with some bordering on the contempt towards clients once they think they have 'made it' and become indispensable in lender's eyes - it may be a good idea to repeat this poll every three months or so. I see some of the old 'favourites' aren't exactly in that league today and reading through many of the forum comments I'm not surprised. But whilst there is probably a considerable amount of inertia with many lenders (who do not visit these forums) then they probably won't change their ways.
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Post by jackpease on Apr 11, 2015 4:52:35 GMT
Really curious answers - some really minor players showing as significant and vice versa and the results are massively different to what actually happens.
I can't figure out whether this is suggests regular board users are wise trendsetters (so smart platforms engage with us), or whether the mismatch between what we think and reality suggests we are irrelevant (hence why FC and some others just ignore us)
Jack P
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Post by oldnick on Apr 11, 2015 6:35:37 GMT
Many confounding factors prevent this survey from being representative:
It's limited to those investors who like talking about the subject, and on this forum;
platforms that encourage interaction, deliberately or otherwise, may attract the above mentioned investors;
newish, 'flavour of the month' platforms may also attract these investors.
I think we'd be right to be disappointed if we discovered that any of the platforms gave more than a passing glance at this data, as it says more about the makeup of the forum than anything else.
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Post by elljay on Apr 12, 2015 8:01:51 GMT
Sheesh, there was I thinking I was a wise trendsetter. But seriously, I'm sure we're not representative. Platforms ignore customer (and potential customer) feedback at their peril, surely? I'm not going to bite on FC...  |
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bugs4me
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Post by bugs4me on Apr 12, 2015 9:12:06 GMT
IMO all platforms promise you the earth, moon and stars when they kick off. They guarantee they will engage in dialogue with their lenders/investors but once they have (in their eyes) a decent number of lenders then those promises drop off the cliff. There are exceptions of course but the fact remains that P2P lenders are treated with contempt by many platforms once they feel they have the required level of investment in order to fund their needs.
So whilst you need to do your own research on what's being offered by the platforms, you also need to keep an eye on the direction that the platforms themselves are going - many unfortunately do not go in the lenders favour. So it's usually time to look elsewhere and possibly move on.
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JamesFrance
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Post by JamesFrance on Apr 12, 2015 10:45:38 GMT
You could be describing a well known platform in Estonia, which changed it's name to go with the change of image.
Unfortunately site owners tend to be too ambitious to expand into a mass market, so they know best and will ignore investor's opinions. It's all about who makes the money.
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webwiz
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Post by webwiz on Apr 16, 2015 17:37:29 GMT
IMO all platforms promise you the earth, moon and stars when they kick off. They guarantee they will engage in dialogue with their lenders/investors but once they have (in their eyes) a decent number of lenders then those promises drop off the cliff. There are exceptions of course but the fact remains that P2P lenders are treated with contempt by many platforms once they feel they have the required level of investment in order to fund their needs. So whilst you need to do your own research on what's being offered by the platforms, you also need to keep an eye on the direction that the platforms themselves are going - many unfortunately do not go in the lenders favour. So it's usually time to look elsewhere and possibly move on. Yes, but "moving on" is not so easy unless the platform has a free and working SM. Even if a platform has such an SM when all is going well it will probably seize up as soon as there is a hint of trouble.
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bugs4me
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Post by bugs4me on Apr 16, 2015 18:33:03 GMT
IMO all platforms promise you the earth, moon and stars when they kick off. They guarantee they will engage in dialogue with their lenders/investors but once they have (in their eyes) a decent number of lenders then those promises drop off the cliff. There are exceptions of course but the fact remains that P2P lenders are treated with contempt by many platforms once they feel they have the required level of investment in order to fund their needs. So whilst you need to do your own research on what's being offered by the platforms, you also need to keep an eye on the direction that the platforms themselves are going - many unfortunately do not go in the lenders favour. So it's usually time to look elsewhere and possibly move on. Yes, but "moving on" is not so easy unless the platform has a free and working SM. Even if a platform has such an SM when all is going well it will probably seize up as soon as there is a hint of trouble. Couldn't agree more but I'm in the process of moving out of a platform as those loans mature. I may still keep a tiny toe in but the bulk of the money will go elsewhere. On the positive side, it's good to see many forum members openly challenge and hold to account more than a couple of the platforms round here. If they fail to respond then there's a hint there somewhere IMO. So whilst the 'problem' may not have impacted the lender yet their attitude certainly seems to have. I do not place a great deal (if any) credibility on having FCA interim permission - getting hold of that and sending a cheque plus a completed form is easy. It's only when the FCA visit and inspect the books - making sure there is a client account in place, there is the correct PI insurance cover, etc, etc - only then will FCA membership be more credible.
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mikes1531
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Post by mikes1531 on Apr 16, 2015 20:12:11 GMT
It's only when the FCA visit and inspect the books - making sure there is a client account in place, there is the correct PI insurance cover, etc, etc - only then will FCA membership be more credible. I'm having trouble interpreting the above. Is it wishful thinking, or do the FCA have plans to make such visits/inspections, so that it's just a matter of time before FCA membership becomes more meaningful?
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bugs4me
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Post by bugs4me on Apr 16, 2015 21:15:40 GMT
It's only when the FCA visit and inspect the books - making sure there is a client account in place, there is the correct PI insurance cover, etc, etc - only then will FCA membership be more credible. I'm having trouble interpreting the above. Is it wishful thinking, or do the FCA have plans to make such visits/inspections, so that it's just a matter of time before FCA membership becomes more meaningful? The FCA intend visiting all regulated companies, not just P2P, at some time. This has been their policy since day one. The problem with FCA approval is that whilst there are obviously compliance issue requirements it is only when these are actually checked on that you can be sure the company is indeed fully operating within the FCA required framework at the time of the visit. Just look at the record fine handed out yesterday by the FCA for not treating client account monies properly and that was a bank with all their compliance experts in place.
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