|
|
Post by red_panda on Sept 27, 2015 17:23:05 GMT
I'm in Euros because I live in euroland. I'm not so convinced about Twino and Mintos, how financially sound they are, their management, and their borrowers guarantees. I've got some questions running with Twino so far unanswered, with not great answers a while ago from Mintos. I wasn't that convinced by Bondora either (management), but I went ahead and now find myself with around 3K€ of bad debts. Saving stream will soon have a proper p2p arrangement on their loans (so we are better protected if SS go bust), but to date they don't. 10-15% must have risks attached. What specifically scared you away from Twino and Mintos if you can elaborate? I was never convinced by Bondora, just having asset secured loans in Mintos makes me feel there is less of a chance of bad debts. I'm really liking the business loans there with company financial history for the past 3 years. Seeing the company's revenue, profit and overall financial state gives me some comfort. On the other hand, Twino with its small loans (petty money) and buy backs makes me less afraid of loans going bad. Of course Mintos and Twino themselves can go bust, but that's a risk I'm willing to take given I believe the platforms for now.
|
|
trevor
Member of DD Central
Posts: 557 
Likes: 381
|
Post by trevor on Sept 27, 2015 17:52:11 GMT
Been in P2P for 15 months. Mine is
Zopa 8.6%
RSetter 14.3%
SavStream 31.5%
FundCir 16.9%
AssetC 16.9%
Rebs 2.7%
FundSec 7.0%
Reducing Z (low rate), RS (low rate), FC (low rate and hard work). Increasing AC (good rate), FS (good rate). Rebs - reinvesting return only.
Apart from Rebs each will have a min of 5% and max 33%. I would like to diversify more and reduce max % but being in full time work I already get stick from the better half about the amount of time I spend on it.
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Sept 28, 2015 11:44:48 GMT
What specifically scared you away from Twino and Mintos if you can elaborate? I was never convinced by Bondora, just having asset secured loans in Mintos makes me feel there is less of a chance of bad debts. I'm really liking the business loans there with company financial history for the past 3 years. Seeing the company's revenue, profit and overall financial state gives me some comfort. On the other hand, Twino with its small loans (petty money) and buy backs makes me less afraid of loans going bad. Of course Mintos and Twino themselves can go bust, but that's a risk I'm willing to take given I believe the platforms for now. All sorts of bad (sometimes dishonest, sometimes just incompetent) finance companies offer guarantees - "can't lose". That's why I am asking these two for more info. If they misjudge their borrowers (as Bondora did) and have to cough up a lot on the guarantees (which doesn't apply to Bondora), can they afford to pay up, or will they prefer to cut and run taking their dividends and bonuses with them? Do they have a board with experienced people with good reputations. How much capital have they invested themselves? How long have they been doing this sort of thing, can we trust their judgement, past performance? I'm encouraged by Minto applying for FCA regulation. I'm incredibly discouraged by Twino's response to these questions which was thousand of customers have lent 500K in just 6 months.
Note to mods - I'm not asserting here that these 2 companies are bad, just saying that more DD is needed.
|
|
|
|
Post by red_panda on Sept 28, 2015 13:17:25 GMT
Thanks, fair enough. Due diligence can only be a good thing.
Mintos, asset secured, buy backs, FCA.
Twino, buy backs, bragging about liquidity in short term, very short term loans, decent history of their parent company.
Good enough by both for me to chip in small chunks for now either way. Will keep an eye out anyway...
|
|
|
|
Post by emoney on Sept 28, 2015 17:07:38 GMT
We've had a step up in new lenders as a result of this specific thread so thanks to P2P-IF! welcome to the eMoney crowd!  |
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Sept 28, 2015 18:32:18 GMT
Oh well if it's business analysis you enjoy, it's TC by a country mile, followed by FK AC REBS
|
|
ribs
Probably not James Marshall
Posts: 148
Likes: 151
|
Post by ribs on Oct 6, 2015 11:24:32 GMT
Good afternoon, Let's revive this thread. Here are the "totals" for all the investments that I could get from this thread. This excludes people who didn't give percentages. The pie charts also include my own investments splits across p2p only, and it includes a few acronyms to which I couldn't link the platform (listed as "unknown"). This gives only 17 responses I could use. This data is not statistically significant. If you do anything remotely serious with this data you are a fool, and I and everyone else will laugh at you. It's just a bit of fun. Maybe we could do a proper survey at some point but we'd need better exposure elsewhere to get a decent slice of what people are doing. Below is a percentage split of all the platforms. So this is all percentages given, and averaged out. This is only percentages, so doesn't include £ figures. Technically, one or two people having £25 in one platform and nothing else could easily throw the numbers significantly. Like I said, a bit of fun. If you could call this fun... I need a girlfriend. Attachment DeletedThese are the splits for platforms that got less than 3% of the overall pie. So these are the "small players" if you like:  And again for the platforms that have got less than 7% of the overall pie, so this is the small and "medium" players, and basically just adds in Money Thing, Mintos, and Thin Cats: Attachment Deleted |
|
ribs
Probably not James Marshall
Posts: 148
Likes: 151
|
Post by ribs on Oct 6, 2015 11:25:26 GMT
And finally the "big players", who have more than 7% share. This probably isn't a surprise for anyone who frequents this forum regularly.  If you're new here and think "who should I check out first?", this might be a good place to start. If these guys go bust, you'll be in good company at least. |
|
webwiz
Posts: 1,133
Likes: 210
|
Post by webwiz on Oct 6, 2015 11:51:51 GMT
Well, one thing that proves is that users of this forum are not typical. Zopa is actually the biggest but is obviously not popular with this forum's users.
|
|
|
|
Post by red_panda on Oct 6, 2015 12:49:30 GMT
The split is largely affected by the fact that most posters on this forum are predominantly British, hence the British platforms dominating. Not downplaying the split in anyway though, some of those British platforms are highly attractive also for Euro investors.
|
|
Investor
Member of DD Central
Posts: 662
Likes: 590
|
Post by Investor on Oct 6, 2015 12:52:21 GMT
And finally the "big players", who have more than 7% share. This probably isn't a surprise for anyone who frequents this forum regularly. If you're new here and think "who should I check out first?", this might be a good place to start. If these guys go bust, you'll be in good company at least. Purely for reasons of continuity I have just checked in on James Marshall, on a positive note his issues with Crohn's Disease, Hair loss and having to work as an IT consultant in France have now all been resolved. Unfortuanately he now has some new life crises to deal with. 
|
|
ribs
Probably not James Marshall
Posts: 148
Likes: 151
|
Post by ribs on Oct 6, 2015 15:29:22 GMT
Purely for reasons of continuity I have just checked in on James Marshall, on a positive note his issues with Crohn's Disease, Hair loss and having to work as an IT consultant in France have now all been resolved. Unfortuanately he now has some new life crises to deal with. Someone has a long memory! For those wanting context: My first post
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,334
Likes: 11,558
|
Post by ilmoro on Oct 6, 2015 15:48:11 GMT
Purely for reasons of continuity I have just checked in on James Marshall, on a positive note his issues with Crohn's Disease, Hair loss and having to work as an IT consultant in France have now all been resolved. Unfortuanately he now has some new life crises to deal with. Someone has a long memory! For those wanting context: My first postHmmm, both James & SavingStream have come along way in 2 years! Looking forward to the inevitable biopic. Mr Stock on MoneyThing must be jealous, though he has managed to keep his job despite rumours of replacement early on.
|
|
|
|
Post by wildlife2 on Oct 6, 2015 16:04:23 GMT
Better not mention Caine.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Oct 6, 2015 18:52:30 GMT
Purely for reasons of continuity I have just checked in on James Marshall, on a positive note his issues with Crohn's Disease, Hair loss and having to work as an IT consultant in France have now all been resolved. Unfortuanately he now has some new life crises to deal with. Someone has a long memory! For those wanting context: My first postNearly two years ago now! I see that a couple of the links in that first post no longer work, but the Google link now turns up a dentist in NW London and plastic surgeons in New Jersey and California -- cleverly using three different aliases. 
|
|
