Post by ben on Jul 2, 2016 21:01:10 GMT
As FS seems to have moved into property rather then pawn I was wondering what other people thought of its future.
Orginally I joined FS and invested in the pawn items I was pretty happy with them as most of them offered good security and the assets had been pretty well valued and the returns showed, I personally have had no defaults yet and plenty have been redemmed or renewed.
But with them moving more into property I have had to revulate them and are finding it harder to find loans worth investing into. Due to the amount of rubbish on offer it is taking to long to find the good investments than it is no longer really worth the time. I only invest in about 10% of the loans as most of them when you do the maths the sums either do not work out or at that close it is not worth the risk. With the way the interest is set up unless everything goes to plan it is usaully not in the interest of the borrowor to redeem.
Orginally I joined FS and invested in the pawn items I was pretty happy with them as most of them offered good security and the assets had been pretty well valued and the returns showed, I personally have had no defaults yet and plenty have been redemmed or renewed.
But with them moving more into property I have had to revulate them and are finding it harder to find loans worth investing into. Due to the amount of rubbish on offer it is taking to long to find the good investments than it is no longer really worth the time. I only invest in about 10% of the loans as most of them when you do the maths the sums either do not work out or at that close it is not worth the risk. With the way the interest is set up unless everything goes to plan it is usaully not in the interest of the borrowor to redeem.
