cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
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Post by cooling_dude on May 13, 2016 13:20:10 GMT
/mod hat off Hm, 'could do better' for a first post. 8>. However you're quite correct, CD mistyped his thread title, / mod hat on .. fixed it for him 
Thanks GSV3MIaC
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on May 13, 2016 13:58:26 GMT
Thanks cooling_dude , excellent table.
The links to duedil are useful especially as 'risk' is the only thing that really differentiates loans that all provide a 12% return. But I'm wondering if you might be willing to take the next step and add a column called "Risk Band" in which you provide your own personal assessment of the risk of each loan. For example, you might rate PBL072 an A or even A+; another toxic waste tip as E-. A gravel quarry as ??
I get it, I get it. Pretty much no one here (including you and me) is qualified to assess risk or provide anything resembling investment advice, especially with the limited info SS provides. I don't care. In the end everyone just wants to know what other people think to help formulate their own views. Links to duedil threads are very helpful and I will definitely use the table, but if you want to set it on fire, add a risk band column. SS may never speak to you again, but would you care?
I don't mind sharing my (unqualified) DD threads for others to contemplate over, and when asked if I will be investing, I don't mind answering. However, I could see the SS solicitors giving me a call if I started what you're suggesting. I'd much rather not rock the boat  .
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Post by GSV3MIaC on May 13, 2016 14:27:45 GMT
Yes, I think providing risk ratings would be a bad idea, for several reasons, unless you really like lawsuits. 8>.
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Post by GSV3MIaC on May 13, 2016 15:20:49 GMT
With my mod hat on, I'd have to ask the team, but I suspect it'd be skating along the edge of 'financial advice', and could attract unwanted (legal) attention from the platform, any of the borrowers who felt their rating was undeserved, or any investor who used it to pick which loans to lose money on (or even who missed out because they didn't invest). The PPI ambulance chasers do need a new target, and I'd hate for CD to be 'it'. 8>. What you do by PM or email is up to you, what you put on the public forum (which then gets indexed by Google's creepy-crawler, and archived for all time) is more of a concern.
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Post by uncletone on May 13, 2016 17:19:46 GMT
I like it a lot. I am particularly taken by the idea of each loan having a statue, as suggested in the heading of the last column.  |
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Liz
Member of DD Central
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Post by Liz on May 13, 2016 17:23:45 GMT
I like it a lot. I am particularly taken by the idea of each loan having a statue, as suggested in the heading of the last column. We need an uncletone statue outside SS,TC,RS, etc
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gurberly
Member of DD Central
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Post by gurberly on May 13, 2016 17:25:20 GMT
I like it a lot. I am particularly taken by the idea of each loan having a statue, as suggested in the heading of the last column.  Poll for a statue pertinent to each loan methinks!
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on May 13, 2016 17:30:20 GMT
I like it a lot. I am particularly taken by the idea of each loan having a statue, as suggested in the heading of the last column.  Give me a break... I was up until 03:00am doing that list, and spelling isn't exactly my strong point after the amount of brandy I had consumed by that time...
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Post by GSV3MIaC on May 13, 2016 17:42:28 GMT
Time we had a poll as to whether CD will pickle himself before the cigar ignites the brandy fumes and blows him away?
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registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
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Post by registerme on May 13, 2016 17:43:28 GMT
Time we had a poll as to whether CD will pickle himself before the cigar ignites the brandy fumes and blows him away? If it did he'd be back.....
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on May 13, 2016 18:26:14 GMT
Thanks cooling_dude , excellent table.
The links to duedil are useful especially as 'risk' is the only thing that really differentiates loans that all provide a 12% return. But I'm wondering if you might be willing to take the next step and add a column called "Risk Band" in which you provide your own personal assessment of the risk of each loan. For example, you might rate PBL072 an A or even A+; another toxic waste tip as E-. A gravel quarry as ??
I get it, I get it. Pretty much no one here (including you and me) is qualified to assess risk or provide anything resembling investment advice, especially with the limited info SS provides. I don't care. In the end everyone just wants to know what other people think to help formulate their own views. Links to duedil threads are very helpful and I will definitely use the table, but if you want to set it on fire, add a risk band column. SS may never speak to you again, but would you care?
I don't mind sharing my (unqualified) DD threads for others to contemplate over, and when asked if I will be investing, I don't mind answering. However, I could see the SS solicitors giving me a call if I started what you're suggesting. I'd much rather not rock the boat . Since everyone probably has their own view of where a loan sits within the range of 'looks like a safe bet' to 'barge-pole'... ...I think the answer is obvious.... We need a poll! The answer would be a consensus, rather than an opinion or possibly being considered to be advice, so might it escape the concerns expressed regarding potential liability?
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jonah
Member of DD Central
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Post by jonah on May 13, 2016 18:34:26 GMT
In a perfect world it could / would be incorporated into ilmoro's but for now I think it deserves stickying. Move it to be the second post in ilmoro's thread?
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registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
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Post by registerme on May 13, 2016 18:47:10 GMT
That's not a bad idea. Let me have a chat with CD and ilmoro.....
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registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
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Post by registerme on May 13, 2016 21:17:20 GMT
Since everyone probably has their own view of where a loan sits within the range of 'looks like a safe bet' to 'barge-pole'... ...I think the answer is obvious.... We need a poll! The answer would be a consensus, rather than an opinion or possibly being considered to be advice, so might it escape the concerns expressed regarding potential liability? Yes, consensus polls of risk might be interesting. Would that be acceptable to the Mods? I'm not sure if that was serious or not, and the following isn't said with my mod hat on, but no, I don't think it would be. If a hundred people argue the toss about a loan and reach their own decisions (or have a platform make a decisions for them a la Saving Stream pulling the waste dump loan) that's one thing. But... take the same 100 people and have them express a binary opinion about whether a lending proposition is a good risk or a bad risk and you:- a) Come up with a binary answer that could be interpreted as a "forum" recommendation, even if only by ambulance chasers. b) Run the risk of losing nuanced discussion that informs different people in different ways. c) Annoys platforms as well because of b) d) Possibly has a timeliness issue (e) small sub-text commentary about securitisation, the 2008 crash, credit agencies, "blending risk" and so on and so fouth) If it was serious let me know and I will start an internal discussion on it and we'll let you know the answer  .
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on May 13, 2016 21:50:56 GMT
Yes, consensus polls of risk might be interesting. Would that be acceptable to the Mods? I'm not sure if that was serious or not, and the following isn't said with my mod hat on, but no, I don't think it would be. If a hundred people argue the toss about a loan and reach their own decisions (or have a platform make a decisions for them a la Saving Stream pulling the waste dump loan) that's one thing. But... take the same 100 people and have them express a binary opinion about whether a lending proposition is a good risk or a bad risk and you:- a) Come up with a binary answer that could be interpreted as a "forum" recommendation, even if only by ambulance chasers. b) Run the risk of losing nuanced discussion that informs different people in different ways. c) Annoys platforms as well because of b) d) Possibly has a timeliness issue (e) small sub-text commentary about securitisation, the 2008 crash, credit agencies, "blending risk" and so on and so fouth) If it was serious let me know and I will start an internal discussion on it and we'll let you know the answer . : It was a serious suggestion, but I wasn't thinking of a black or white, yea or nay, poll. I was thinking more of a range of opinions, with the ends of the scale being something like "I really like it" and "I wouldn't touch it". Intermediate positions could be described in words or, perhaps more simply, treat the range as a scale -- from one to five, or one to ten. Hopefully that might solve problem A, but I don't know whether it helps B & C. My only thought on D would be to keep the poll open for a considerable time -- possibly until loan repayment? -- and allow people to change their votes when their opinions change as more info/discussion comes out. As for E, I'm afraid that I don't really understand it. I haven't a clue whether the fact that these would be opinions from a group of people with very diverse backgrounds/qualifications/experience/etc., and therefore should be given little weight, would allow a disclaimer saying just that to have any real effect in avoiding 'responsibility'. Feel free to discuss this among the admin/mod team and let us know what results.
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