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Post by captainconfident on Jan 17, 2014 1:21:02 GMT
I have always been a 'buy and hold' investor. If I liked the initial pitch, I'd cling on to some loans through the occasional late payment wobble. And now some loans which I have reexamined quite a few times over the course of 3 years are finishing. I feel a warm glow of thanks toward these borrowers.
If I am ever in Newcastle, I will stop by to be kitted out by Jules B. Thanks for the ride. Verdig Connectors cheers!, you were the real deal! How did you only get a B with your financials? Com-vert, you had your wobbles but I held on and you came good. Good on ya and your recycling green goodness. I should go on. There is a genuine feeling of 'miission accomplished' as these loans run their course, and I wish these P2P pioneers all the best.
Here lies the basic good of Funding Circle. We want to stamp on their toes for the junk loans like 'Breath of Foul Air' which were presented to us as lavender smelling B loans, but they also presented genuine small enterprises who put our money to good use. Goodbye and good luck.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jan 17, 2014 8:22:06 GMT
Yes - for all our (my) gripes, I must remember that in over seven hundred companies over the last thirteen months FC have only give me low single figures in defaults, plus a similar number of wobbles.
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blender
Member of DD Central
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Post by blender on Jan 17, 2014 13:25:52 GMT
A good an necessary post, CC. We do not have an FC staffer, not even a covert one, to sprinkle good news stories on this forum, so let us try to give a balance and not always look like a bunch of whingers. I love borrowers, but could not eat a whole one.
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
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Post by merlin on Jan 17, 2014 15:31:45 GMT
A good an necessary post, CC. We do not have an FC staffer, not even a covert one, to sprinkle good news stories on this forum, so let us try to give a balance and not always look like a bunch of whingers. I love borrowers, but could not eat a whole one. I would not be so confident about no covert FC member on here. The best spies, covert propagandists and other infiltrators will often look whiter than white but are usually brilliant at producing the severely damaging one liners drop in amongst a load of benign claptrap.
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Post by captainconfident on Jan 17, 2014 20:36:47 GMT
Curses! If it wasn't for that pesky kid, my plan would have worked!
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maxmarengo
Member of DD Central
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Post by maxmarengo on Jan 18, 2014 18:02:51 GMT
I am still waiting for my first loan to run its course, but I know what you mean.
There are a few loans in my portfolio which I hold, not because of the rate, but because I feel that they are the type of small business I came in to FC to support!
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mikeb
Posts: 1,072
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Post by mikeb on Jan 18, 2014 19:46:17 GMT
I am still waiting for my first loan to run its course, but I know what you mean. There are a few loans in my portfolio which I hold, not because of the rate, but because I feel that they are the type of small business I came in to FC to support! Don't feel bad about selling them, remember, if you sell and someone else buys, then the business is still being supported
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