Steerpike
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Post by Steerpike on Jun 3, 2016 16:05:08 GMT
Much to my surprise, given that I thought that I had had more than enough of the TC website, I have started investing again because of the good selection of different loans. Don't fancy t' cottages missen Didn't thrill me either, but did nibble a couple of other recent ones.
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Maestro
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Post by Maestro on Jun 3, 2016 18:28:42 GMT
Isn't that really an argument to reduce P2P as a share of everything else? True, it would be a very good argument to reduce the relative weight of P2P. Except I'm finding I want to reduce the weight of quite a few asset class allocations. Perhaps I just need to accept going into cash. Given I've almost completely sold out of my splurge back into FC late last year (I didn't want to break my golden rule and accidentally hold something on FC to expiry!) and rates on MarketInvoice are falling, then it's TC again. I'm still being hugely selective on TC (1 in 10 at best). I refuse to contemplate Rebs but perhaps I need to try FS again. The only place I'm adding is RS Australia where 3y is around 9%. P.S It's good to see some posts on the TC sub-forum. Hmm RS Australia.. Hadn't even considered them. Do they accept EU residents? How do you open an Australian bank account, which seem to be a requirement for eligibility?
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jjc
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Post by jjc on Jun 3, 2016 22:10:26 GMT
Agreed with all. TC often the last site I look at, for reasons of incompatibility between a low patience threshold & a watching paint dry speed of evolution, which means I probably miss out on more deals than you should in the current rate-crumbling marketplace. Nice to see comments here though I agree, makes you feel part of something (even if you’re less sure what that something is now).
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Greenwood2
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Post by Greenwood2 on Jun 4, 2016 11:24:51 GMT
With two in-house forums it takes a prompt to post on a third. But yes nice for TC to be seen as part of the wider P2P society, I think they tend to get forgotten because of the few postings on here.
Has anyone tried TC Australia?
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Liz
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Post by Liz on Jun 11, 2016 23:28:59 GMT
Several of the recent loans have looked good, 14% property deals can't be bad. Low LTV @10-11%, are looking like great low risk p2p deals. TC, the forgotten p2p site on this forum  , and they are much more established than most. |
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bababill
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Post by bababill on Jun 12, 2016 5:42:52 GMT
Keep in mind one of the borrowers has already made several promises to redeem their various loans early on more then one platform.
This sounds good until you realise the promises are not met and this prevents one from selling the loans properly on the secondary market sometimes for months on end.
I have two different loans on two different platforms where this has occurred.
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Greenwood2
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Post by Greenwood2 on Jun 12, 2016 6:52:11 GMT
Claimed to be delays in finalising selling properties on, redemption of some expected imminently (again), but on the bright side interest is still accruing and there doesn't seem to be any fundamental problem.
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pikestaff
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Post by pikestaff on Jun 12, 2016 7:23:29 GMT
It appears to be just legal delays. Nothing to worry about. The issue (if there is one) is with TC's policy of prohibiting SM sales when early redemption is expected. I understand why TC might wish to protect buyers on a market where loans can be sold at a premium, but there is no obvious reason why TC could not permit such loans to be sold at par, to give liquidity for anyone who can't wait. In this particular case I'd be a buyer.
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Post by bracknellboy on Jun 12, 2016 7:40:23 GMT
Nothing meaningful to say - just thought i'd join in the general euphoria of seeing a thread on the TC board bumped....
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Post by captainconfident on Jun 12, 2016 8:38:33 GMT
I see now that while I think about TC the least and micromanage my AC and FK portfolios, TC has become my single largest platform holding, more than 100k. The reason for this is that TC is (to me) a black box. The UI is so opaque and unwieldy that I have never even tried to sell a loan, and I have a kind of baseless sense of trust, or resignation, engendered by not knowing the details of what is happening. The contrast to AC is stark, with their flow of information and scheduled updates.
Shouldn't really touch TC with a bargepole, but the sense of powerlessness means I save a lot of time which would be lost if it was a properly built website with useable portfolio management tools.
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Post by bracknellboy on Jun 12, 2016 9:47:21 GMT
I see now that while I think about TC the least and micromanage my AC and FK portfolios, TC has become my single largest platform holding, more than 100k. The reason for this is that TC is (to me) a black box. The UI is so opaque and unwieldy that I have never even tried to sell a loan, and I have a kind of baseless sense of trust, or resignation, engendered by not knowing the details of what is happening. The contrast to AC is stark, with their flow of information and scheduled updates. Shouldn't really touch TC with a bargepole, but the sense of powerlessness means I save a lot of time which would be lost if it was a properly built website with useable portfolio management tools. I think that is what is generally referred to as 'a back-handed compliment'.
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bababill
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Post by bababill on Jun 12, 2016 10:35:37 GMT
I appreciate it may look like legals but early redemption was promised on another platform since the 2nd of March thereby making it virtually impossible to sell the loan on the secondary market.
Also I experienced a late payment last month.
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Post by captainconfident on Jun 12, 2016 11:15:38 GMT
Its not meant as such as far as the website and communication goes. TC succeeds because of the consistently attractive deal flow provided by their brokers. My high holding there is a function of that and the £1000 minimum bid.
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Steerpike
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Post by Steerpike on Jun 12, 2016 12:35:20 GMT
I see now that while I think about TC the least and micromanage my AC and FK portfolios, TC has become my single largest platform holding, more than 100k. The reason for this is that TC is (to me) a black box. The UI is so opaque and unwieldy that I have never even tried to sell a loan, and I have a kind of baseless sense of trust, or resignation, engendered by not knowing the details of what is happening. The contrast to AC is stark, with their flow of information and scheduled updates. Shouldn't really touch TC with a bargepole, but the sense of powerlessness means I save a lot of time which would be lost if it was a properly built website with useable portfolio management tools. Brilliant. I think I have been trying to put this in to words for some time now and look what you have done. Made me smile too.
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stevio
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Post by stevio on Jun 12, 2016 13:15:05 GMT
I see now that while I think about TC the least and micromanage my AC and FK portfolios, TC has become my single largest platform holding, more than 100k. The reason for this is that TC is (to me) a black box. The UI is so opaque and unwieldy that I have never even tried to sell a loan, and I have a kind of baseless sense of trust, or resignation, engendered by not knowing the details of what is happening. The contrast to AC is stark, with their flow of information and scheduled updates. Shouldn't really touch TC with a bargepole, but the sense of powerlessness means I save a lot of time which would be lost if it was a properly built website with useable portfolio management tools. Brilliant. I think I have been trying to put this in to words for some time now and look what you have done. Made me smile too. Yes but what does this actual mean? Sounds like your describing a fine wine!
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, and they are much more established than most.
