happy
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Post by happy on Mar 12, 2016 21:36:10 GMT
I would really like to find an SME-lending platform that I can trust. Are you lending on AC? A good flow of SME loans coming through these days but, crucially, with asset backing and not just PGs. Existing loans can be accumulated steadily via the shrapnelator too with pretty much zero effort. I would second looking at AC. Yes it does not seem so obvious at the likes of FC to invest in but it is way the best platform for relaxed P2P investing. I have managed to get a decent 5 figure sum invested in over 50 loans in 3-4 months, getting around 9.4% with a really low LTV average, also dumped a chunk in the GBBA at7% with provision fund and just recently got about 1k invested in the GEIA green energy account, also 7% with a provision fund. The QAA is a real gem being able invest directly with instant access and to sweep idle cash from any FC account and get 3.75% while it's not being used. There are issues with AC as on all platforms but I feel AC engage really well with investors, the amount of information on loans and loan management is generally very good, I different league to FC.
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happy
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Post by happy on Mar 12, 2016 22:05:07 GMT
adrianc , suggest start the AC experience by browsing this (pinned) thread, especially the "How it works" summary: p2pindependentforum.com/post/43867/threadAC is probably one of the lowest-effort platforms to use once you understand how it all works, but it can look complicated initially. Hey, chris , what do we get for snagging you another one?  Heh. There's no scheme in place at the moment but the board has just approved a marketing team project to devise one for the board to approve down the road. Probably another month or two and something will be in place. How about I do something instead - what one feature would lenders like me to prioritise to make the platform better for them? It would have to be something implementable within a reasonable time frame (i.e. less than 1 man week); it would have to have little to no on going cost (so no large banking fees or anything like that); and it should not require board level approval (no changes to our terms and conditions, etc.). I know there are a handful of requested features that are still on our to do lists around improving MLIA functions, and those are on my to do list to be completed within the next two months, but I'll get one member of our team to drop everything either next week or the week after to implement a user nominated feature. Don't mind how you decide which feature but SteveT I am putting you in change of choosing and your final decision, subject to my approval that it meets the above criteria, is what will stand. OK how about these chris , SteveT, get your automated diversification tool tested and out of the cage on the MLIA and GEIA then produce a reports dashboard that show diversification across both MLIA and GEIA. That would make these 2 accounts much more friendly to use in terms of confidence in what individual loan exposure is and how diversification is progressing over time. Ultimately I would love to see you bringing all GBBA/GEIA and MLIA loans into a top level reporting dashboard showing graphically all loans, per sector exposure etc with click-through capability to drill down to the details. Stage 3 would be to provide automated investment control through this reporting dasboard to control an automated investment policy by account type, loan sector.etc etc... e.g. imagine an intelligent autobid tool that would build a portfolio based on you individual rate, LTV, loan sector, PF preferences etc driven through the GUI.........that is more than a weeks work me thinks!
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happy
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Post by happy on Mar 12, 2016 22:14:43 GMT
Heh. There's no scheme in place at the moment but the board has just approved a marketing team project to devise one for the board to approve down the road. Probably another month or two and something will be in place. How about I do something instead - what one feature would lenders like me to prioritise to make the platform better for them? It would have to be something implementable within a reasonable time frame (i.e. less than 1 man week); it would have to have little to no on going cost (so no large banking fees or anything like that); and it should not require board level approval (no changes to our terms and conditions, etc.). I know there are a handful of requested features that are still on our to do lists around improving MLIA functions, and those are on my to do list to be completed within the next two months, but I'll get one member of our team to drop everything either next week or the week after to implement a user nominated feature. Don't mind how you decide which feature but SteveT I am putting you in change of choosing and your final decision, subject to my approval that it meets the above criteria, is what will stand. EASY: 1.Stop prolonged loan suspensions - Destroys liquidity & investor confidence, you have the most sophisticated trading system known to mankind but at the first sign of trouble immediately prevent investors from using it.
& 2. speed up decision making/implementation - I know of very few organisation that take so long over everything that they do, from loan sourcing/drawdowns, recovery, voting all aspects are mired in delays - I suspect the over cautious compliance based approach shoulders much of the blame but to be a winner in the P2P marketplace over the next few years will require innovation, decisive & competent platform procedures.
, SteveT, another improvement suggestion - on loan suspensions perhaps you could have another status of 'trading paused' for these less severe and short-lived events that we see quite often. It would be a lot less scary for new and experienced investors than ''trading suspended'. This could then be reserved for situations that involve the loan being materially distressed in some way.
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blender
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Post by blender on Mar 12, 2016 23:00:17 GMT
What's going on here? This is the FC board and I was all excited about a lively discussion about FC, and find it's all about the nuts and bolts of AC. Off you go now! Back to the AC board and please do not intrude on the private grief of the remaining FC lenders, with their risk bands removed.
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happy
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Post by happy on Mar 12, 2016 23:03:06 GMT
What's going on here? This is the FC board and I was all excited about a lively discussion about FC, and find it's all about the nuts and bolts of AC. Off you go now! Back to the AC board and please do not intrude on the private grief of the remaining FC lenders, with their risk bands removed. I'm on the naughty step now! Sorry, but chris started it
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 12, 2016 23:57:08 GMT
Shhhh. Think theyre hiding here because Chris' suggestion might lead to a poll, and every one knows the Dude is the poll guy, so theyre hoping he wont notice. He's quite possessive but is currently distracted trying to shake down a kid for £30k |
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Post by chris on Mar 13, 2016 6:47:57 GMT
What's going on here? This is the FC board and I was all excited about a lively discussion about FC, and find it's all about the nuts and bolts of AC. Off you go now! Back to the AC board and please do not intrude on the private grief of the remaining FC lenders, with their risk bands removed. I'm on the naughty step now! Sorry, but chris started it Oh no I didn't.
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Post by chris on Mar 13, 2016 8:24:03 GMT
Shhhh. Think theyre hiding here because Chris' suggestion might lead to a poll, and every one knows the Dude is the poll guy, so theyre hoping he wont notice. He's quite possessive but is currently distracted trying to shake down a kid for £30k I think a poll would be a good idea, but it's SteveT's choice not mine
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blender
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Post by blender on Mar 13, 2016 8:25:55 GMT
Happy started it. There are more suitable places for spreading happiness.
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SteveT
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Post by SteveT on Mar 13, 2016 8:32:22 GMT
Shhhh. Think theyre hiding here because Chris' suggestion might lead to a poll, and every one knows the Dude is the poll guy, so theyre hoping he wont notice. He's quite possessive but is currently distracted trying to shake down a kid for £30k I think a poll would be a good idea, but it's SteveT 's choice not mine I'm generally anti-democracy as it raises unrealistic expectations amongst the masses*. Benign dictatorship is more my thing so I'll be quite happy if you can implement the user-defined MLIA cash balance warning. That should help ensure that shrapnel accretion opportunities aren't being missed and also (by raising one's warning figure ahead of a new loan drawdown) that funds intended for a new loan haven't all been sucked into the shrapnelator. [*and risks them making the wrong choice!]
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Post by chris on Mar 13, 2016 8:45:35 GMT
I think a poll would be a good idea, but it's SteveT 's choice not mine I'm generally anti-democracy as it raises unrealistic expectations amongst the masses*. Benign dictatorship is more my thing so I'll be quite happy if you can implement the user-defined MLIA cash balance warning. That should help ensure that shrapnel accretion opportunities aren't being missed and also (by raising one's warning figure ahead of a new loan drawdown) that funds intended for a new loan haven't all been sucked into the shrapnelator. [*and risks them making the wrong choice!] Okay, the choice has been made.
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adrianc
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Post by adrianc on Mar 13, 2016 14:05:08 GMT
I'm on the naughty step now! Sorry, but chris started it Oh no I didn't. Probably my fault. Most things are my fault.
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happy
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Post by happy on Mar 13, 2016 15:24:07 GMT
Probably my fault. Most things are my fault. We can't have been that naughty otherwise oldgrumpy would have had a good old moan for sure
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oldgrumpy
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Post by oldgrumpy on Mar 13, 2016 15:28:16 GMT
Eh? 42!Who woke me up? 
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