Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Mar 14, 2020 21:59:39 GMT
Well as I always say wait a few years and things will work out ok Errrr, or we could (and should) have had our Capital, with FULL Interest, THREE years back? AND reinvested that for another THREE years of compounding additional returns? OzBoy knows best. Yes you could have had it back and invested in stock market and lost a hell of a lot Still more payments with interest than not. Got 15% capital + interest = >18% of invested capital in last few weeks so no chance of your predicted massive capital losses.
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easynow
Member of DD Central
Popcorn anyone?
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Post by easynow on Mar 15, 2020 9:29:28 GMT
Errrr, or we could (and should) have had our Capital, with FULL Interest, THREE years back? AND reinvested that for another THREE years of compounding additional returns? OzBoy knows best. Yes you could have had it back and invested in stock market and lost a hell of a lot Still more payments with interest than not. Got 15% capital + interest = >18% of invested capital in last few weeks so no chance of your predicted massive capital losses. And he could have invested it in gold and made a lot. Give it 2 or 3 years and we'll see how your prediction of no capital losses is playing out.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Mar 15, 2020 12:32:52 GMT
Errrr, or we could (and should) have had our Capital, with FULL Interest, THREE years back? AND reinvested that for another THREE years of compounding additional returns? OzBoy knows best. Yes you could have had it back and invested in stock market and lost a hell of a lot Still more payments with interest than not. Got 15% capital + interest = >18% of invested capital in last few weeks so no chance of your predicted massive capital losses. You're making a tit of yourself Godanubis.
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Post by defaultinator5000 on Mar 15, 2020 17:30:39 GMT
Yes you could have had it back and invested in stock market and lost a hell of a lot Still more payments with interest than not. Got 15% capital + interest = >18% of invested capital in last few weeks so no chance of your predicted massive capital losses. Lost a lot? Even with the recent stock market pullback, major indexes are trading at a higher price than they did 3 years ago, not to mention forgone dividends. For someone making statospheric returns on FS, I woud expect you'd do hell of a lot better in the stock market than losing money, espeically since a simple buy and hold strategy produced great returns in the past 10 years.
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micky
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Post by micky on Mar 15, 2020 18:51:45 GMT
Ouch
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Mar 15, 2020 21:36:51 GMT
Yes you could have had it back and invested in stock market and lost a hell of a lot Still more payments with interest than not. Got 15% capital + interest = >18% of invested capital in last few weeks so no chance of your predicted massive capital losses. And he could have invested it in gold and made a lot. Give it 2 or 3 years and we'll see how your prediction of no capital losses is playing out. It nearly has I now have had back more over the past few years in capital and interest that I only require 20% of current capital to have made no loss overall.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
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Post by Godanubis on Mar 15, 2020 21:40:33 GMT
Yes you could have had it back and invested in stock market and lost a hell of a lot Still more payments with interest than not. Got 15% capital + interest = >18% of invested capital in last few weeks so no chance of your predicted massive capital losses. Lost a lot? Even with the recent stock market pullback, major indexes are trading at a higher price than they did 3 years ago, not to mention forgone dividends. For someone making statospheric returns on FS, I woud expect you'd do hell of a lot better in the stock market than losing money, espeically since a simple buy and hold strategy produced great returns in the past 10 years. I have not lost any money on S&S etc I just said it was down 45K this week. I just removed £30+K last month to lock in some profit. The rest will happily wait for a recovery. There are some bargains to be bought. As most know I prefer small reliable profit that far outweighs hold strategy that works in P2P and stocks and does not require all single investments to make even a moderate profit a small but often profit wins every time.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Mar 15, 2020 21:43:31 GMT
Yes you could have had it back and invested in stock market and lost a hell of a lot Still more payments with interest than not. Got 15% capital + interest = >18% of invested capital in last few weeks so no chance of your predicted massive capital losses. You're making a tit of yourself Godanubis . Truth often hurts. Insults are the only response for lack of actual facts. Oh some more money just paid in interest
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easynow
Member of DD Central
Popcorn anyone?
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Post by easynow on Mar 15, 2020 22:26:52 GMT
And he could have invested it in gold and made a lot. Give it 2 or 3 years and we'll see how your prediction of no capital losses is playing out. It nearly has I now have had back more over the past few years in capital and interest that I only require 20% of current capital to have made no loss overall. Just the case of your lost capital and your missed opportunity to make a few more million from investing in gold because your money was tied up in loans, which you will make an individual loss on then as you will not get back all you have invested in specific loans
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Mar 15, 2020 23:55:50 GMT
It nearly has I now have had back more over the past few years in capital and interest that I only require 20% of current capital to have made no loss overall. Just the case of your lost capital and your missed opportunity to make a few more million from investing in gold because your money was tied up in loans which you will make an individual loss on then as you will not get back all you have invested in specific loans That’s where lots on here miss the point individual loans are not important if overall there is a profit. Underperforming loans if you held them only reduced the overall profit . Banks have losses but overall they make profit that suits me fine.
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easynow
Member of DD Central
Popcorn anyone?
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Post by easynow on Mar 16, 2020 9:13:17 GMT
Just the case of your lost capital and your missed opportunity to make a few more million from investing in gold because your money was tied up in loans which you will make an individual loss on then as you will not get back all you have invested in specific loans That’s where lots on here miss the point individual loans are not important if overall there is a profit. Underperforming loans if you held them only reduced the overall profit . Banks have losses but overall they make profit that suits me fine. This is the problem you see Godanubis, whilst you keep preaching to others based on your own long term gains, you clearly forget that many of the people you preach to may only be in the early stages of their P2P adventure and stand to lose a lot by their standards. There are people reading these forums who stand to lose life changing amounts of money (I'm not one of them) and the last thing they need is you on your soap box ranting on about your "overall gains" because if you were to look at things from a different angle, and start to consider the individual loans you are still "stuck" with, you stand to see some considerable hair cuts in the next 12-24 months as loans unravel. Playing the SM game is all good fun until the music stops.... I only have a few k tied up in FS loans, and it equates to less than I made from FS in the previous year, I consider the loans I have to be some of the better ones but still expect to take at least a 25% haircut on them when they eventually repay, that for me is a 25% loss, something I can afford to stand, but a loss nonetheless. I can see you are a "glass half full" type of person, and with so much gloom about it isn't a bad approach, but not everyone views life through the same rose tinted spectacles as you do.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Mar 16, 2020 23:11:51 GMT
That’s where lots on here miss the point individual loans are not important if overall there is a profit. Underperforming loans if you held them only reduced the overall profit . Banks have losses but overall they make profit that suits me fine. This is the problem you see Godanubis , whilst you keep preaching to others based on your own long term gains, you clearly forget that many of the people you preach to may only be in the early stages of their P2P adventure and stand to lose a lot by their standards. There are people reading these forums who stand to lose life changing amounts of money (I'm not one of them) and the last thing they need is you on your soap box ranting on about your "overall gains" because if you were to look at things from a different angle, and start to consider the individual loans you are still "stuck" with, you stand to see some considerable hair cuts in the next 12-24 months as loans unravel. Playing the SM game is all good fun until the music stops.... I only have a few k tied up in FS loans, and it equates to less than I made from FS in the previous year, I consider the loans I have to be some of the better ones but still expect to take at least a 25% haircut on them when they eventually repay, that for me is a 25% loss, something I can afford to stand, but a loss nonetheless. I can see you are a "glass half full" type of person, and with so much gloom about it isn't a bad approach, but not everyone views life through the same rose tinted spectacles as you do. I can appereciate your point but at the moment there are few actual losses. I dropped another £12K today on Stock market I will probably have to wait months if not years to get back to where things were 2 weeks ago.
This however was at the high point and actual primary investment is still a long way down unless needed it is just a paper exercise as with P2P. I will not lose that in total from P2P even with the predictions.
I alwas said P2P was a 2 year investmet when things were working I'm prepared to double that time due to current situation. S&S are 5-10 year for those that hold and wait.
When loans are actually finalised and all recovery processes are finished I will have a better picture. I may however have equavalent of full capital returned before then.
P2P was never ment to be a liquid investment so people should be prepared for delays. It was never realistic to have 6 month loans that was the fundamental error.
Lots of those with investments here will have far greater things to worry about as I expect thousands to lose their jobs etc. in the next few months and I feel sorry for any in that position that require access to their savings wherever they are.
I am not sure if you had £16K + in P2P if DWP count that as savings and therfore barr you from any means tested benefits. That would be a triple whammy without even being Covid 19 positive.
Most have a long hard road ahead through no fault of their own with very little chance of any high points.
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adrian77
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Post by adrian77 on Mar 17, 2020 13:42:08 GMT
P2P was never ment to be a liquid investment so people should be prepared for delays. It was never realistic to have 6 month loans that was the fundamental error. I would say 6 months loans was one of several fundamental errors. I had a large sum with a rival p2p which usually set a rate of about 3.5% which is damn site more than I will get when FS is finally wound up. However I think this Covid-19 has really put the cat amongst the pigeons which is an ideal buying time for those of us with deep pockets and can afford to wait for a return AND can afford to take, at least, a short-term hit. I just hate to think what this virus will do to the zombie loan book - e.g. who the hell is going to buy the Monaco bar for anything than a song in this market! I guess most p2p borrowers needed a loan as they had cash flow problems and this virus is no exactly going to help. However I have taken this total farce as a possible warning of the entire p2p market and hence now have my money earning 1% in the bank account- pretty pathetic but at least it is covered (it is under £80K). Anybody think I am being stupid or sensible - not sure what to do with my money - might even repay part of my mortgage but that is so boring. The markets are now so volatile I think it is impossible to predict where they will end up. Wherever we end up FS has been a complete and utter farce for most, if not all, of us and I am very dubious about most of the fantastical claims made about investor performance Here is a very interesting lesson from history - when the US stock market first crashed in 1929 on Black Thursday it took a lot of casualties but a lot of investment "gurus" waded in as they thought they were buying cheap and there was a rebound and then there was Black Monday and even worse Black Tuesday - just saying... www.thebalance.com/stock-market-crash-of-1929-causes-effects-and-facts-3305891
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Mar 17, 2020 15:13:12 GMT
P2P was never ment to be a liquid investment so people should be prepared for delays. It was never realistic to have 6 month loans that was the fundamental error. I would say 6 months loans was one of several fundamental errors. I had a large sum with a rival p2p which usually set a rate of about 3.5% which is damn site more than I will get when FS is finally wound up. However I think this Covid-19 has really put the cat amongst the pigeons which is an ideal buying time for those of us with deep pockets and can afford to wait for a return AND can afford to take, at least, a short-term hit. I just hate to think what this virus will do to the zombie loan book - e.g. who the hell is going to buy the Monaco bar for anything than a song in this market! I guess most p2p borrowers needed a loan as they had cash flow problems and this virus is no exactly going to help. However I have taken this total farce as a possible warning of the entire p2p market and hence now have my money earning 1% in the bank account- pretty pathetic but at least it is covered (it is under £80K). Anybody think I am being stupid or sensible - not sure what to do with my money - might even repay part of my mortgage but that is so boring. The markets are now so volatile I think it is impossible to predict where they will end up. Wherever we end up FS has been a complete and utter farce for most, if not all, of us and I am very dubious about most of the fantastical claims made about investor performance Here is a very interesting lesson from history - when the US stock market first crashed in 1929 on Black Thursday it took a lot of casualties but a lot of investment "gurus" waded in as they thought they were buying cheap and there was a rebound and then there was Black Monday and even worse Black Tuesday - just saying... www.thebalance.com/stock-market-crash-of-1929-causes-effects-and-facts-3305891
I have worked, for my sins, as a Financial Advisor in days long past and was always interested in how, amongst my fellows, our advice would differ. Whenever a client had a Lump Sum I often advised to pay off the Mortgage, because that way if you lose your job/get seriously ill/etc at least you (should) keep the roof over your head and sleep at night. Not to mention keeping hold of the (usually) biggest investment of your life. Many of my colleagues would argue "No, invest the lump sum" but my advice to clients was " No, pay off all/part of your mortgage, and redirect the Monthly Mortgage Payments (Pound Cost Averaging) into one or more investment vehicles appropriate to your circumstances."
I STILL stand by that advice today, there is nothing like the peace of mind in OWNING your home. JMHO, I thank you.
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Post by df on Mar 17, 2020 15:41:51 GMT
Whenever a client had a Lump Sum I often advised to pay off the Mortgage, because that way if you lose your job/get seriously ill/etc at least you (should) keep the roof over your head and sleep at night. Not to mention keeping hold of the (usually) biggest investment of your life. Many of my colleagues would argue "No, invest the lump sum" but my advice to clients was " No, pay off all/part of your mortgage, and redirect the Monthly Mortgage Payments (Pound Cost Averaging) into one or more investment vehicles appropriate to your circumstances."
I STILL stand by that advice today, there is nothing like the peace of mind in OWNING your home. JMHO, I thank you. I've never asked for advice, but figured out myself that this is the way to go. It was a great feeling when I paid my mortgage off in 8 years instead of 25. At least I know if worse come to the worst I have a roof over my head. You advice is much more sound than the one of your colleagues!
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