greeb
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Post by greeb on Sept 23, 2016 7:36:52 GMT
Things seem to be going well on ss with loan growth, low defaults and lots of new investors. I have tripled my initial limit of how much to invest here to the extent I now have a nice -to - have tax issue. Notice that 5 year rate on rate setter is now only 5% so looks like popularity will grow. I would like to get a feel for how much of niche location it is. How many total investors on here versus other p2p majors? How has this grown over last 12 months and similarly loan book? How does ss loan book compare with other p2ps? How does the number of investors on here compare with those collective investments like cf wood ford or fund smith. How much growth is likely and can be handled safely by ss? I know some of this may be hard to assess but a helicopter view of where we are in the investment landscape would be interesting.
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Post by wiseclerk on Sept 23, 2016 7:51:35 GMT
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greeb
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Post by greeb on Sept 23, 2016 8:12:57 GMT
Thanks is there anywhere that compares total loan book as opposed to monthly origination ?
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Liz
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Post by Liz on Sept 23, 2016 8:47:31 GMT
Thanks is there anywhere that compares total loan book as opposed to monthly origination ? Most sites say in their statistics or you can work it out. RS from memory has around £640m loan book and 31,000 registered members. So a much bigger outfit, although does burn cash.
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Post by jackpease on Sept 23, 2016 9:10:51 GMT
I think the problem with 'helicopter viewing' is that you should be cautious about comparing RS's 5% with SS's 12% in the same sentence. SS and others' 12%+ rates are because there are whole different orders of risk and/or lock down scenarios.
As many have said before me, SS is brilliant at the moment and has been for some years but it can't always be like that - the one default they have caused a lot of jitters even though defaults should be expected and factored in.
Jack P
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Sept 23, 2016 9:57:01 GMT
The main change since I started using them is the high number of overdue loans with no indication as to whether they are paying any interest. Further defaults look almost inevitable. The problem for a newbie may be getting sufficient diversification to withstand some defaults and still be ahead due to the high interest. Then there is the risk of platform failure if a very large loan goes bad. We seem to have avoided the forecast recession due to Brexit but it would be a supreme optimist who says that there will not be one due to global events beyond our control. That will test the platform.
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locutus
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Post by locutus on Sept 23, 2016 9:59:54 GMT
I think the problem with 'helicopter viewing' is that you should be cautious about comparing RS's 5% with SS's 12% in the same sentence. SS and others' 12%+ rates are because there are whole different orders of risk and/or lock down scenarios. My own personal belief is that rate doesn't equate to risk but rather to lender demand.
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SteveT
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Post by SteveT on Sept 23, 2016 10:01:45 GMT
The main change since I started using them is the high number of overdue loans with no indication as to whether they are paying any interest. Further defaults look almost inevitable. The problem for a newbie may be getting sufficient diversification to withstand some defaults and still be ahead due to the high interest. Then there is the risk of platform failure if a very large loan goes bad. We seem to have avoided the forecast recession due to Brexit but it would be a supreme optimist who says that there will not be one due to global events beyond our control. That will test the platform. How would a "large loan going bad" cause platform failure? It's lenders' money that's at risk, not Lendy's.
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locutus
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Post by locutus on Sept 23, 2016 10:03:57 GMT
How would a "large loan going bad" cause platform failure? It's lenders' money that's at risk, not Lendy's. It scares off new lenders and SS can no longer fund new loans. Result is that they would slowly go out of business.
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Post by wiseclerk on Sept 23, 2016 10:20:19 GMT
That would have to be extreme. While that happened to Dutch plattform Boober, I think on Saving Stream it would take multiple defaults in a row with unsufficient recovery for that to happen.
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Post by Deleted on Sept 23, 2016 10:23:41 GMT
Hello wiseclerk, as suggested above I would also find very useful to have a column with the cumulative known active lending (i.e. amount of money on loan at present). It would give a better perspective of things. (of course to do that you would need either to collect the data if published, or to calculate it as total cash lent-cash in defaults-cash in renewals)
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Post by jonboy73 on Sept 23, 2016 10:33:20 GMT
well for SS it's £130,106,646 in active lending. according to their total at the bottom of the live loans page.
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Post by Deleted on Sept 23, 2016 10:34:40 GMT
Thanks is there anywhere that compares total loan book as opposed to monthly origination ? I don't have the ful data (probably is published somewhere on alt-fi, EDIT,: lots of data can be found here, www.altfi.com/data/indices/UKvolume), but to give an idea of where we stand now: FC: 851,131,408 on loan (23 Sept 2016) RS: 645,299,437 on loan (23 Sept 2016) SS: 130,106,646 on loan (23 Sept 2016) And on a yearly basis: 1/1/2016 - 22/09/2016 FC: 485,860,120 Zopa: 469,786,333 RS: 467,481,801 MI: 285,417,201 LI: 250,694,226 SS: 113,797,046
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mikes1531
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Post by mikes1531 on Sept 24, 2016 0:56:14 GMT
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Sept 24, 2016 7:23:52 GMT
How would a "large loan going bad" cause platform failure? It's lenders' money that's at risk, not Lendy's. It scares off new lenders and SS can no longer fund new loans. Result is that they would slowly go out of business. The PF is Lendy's money. In the event of a large (>£1m) loss they would effectively have the alternative of voluntarily handing over millions of money that legally still belongs to them, and as locutus says watching the platform shrink, or closing down the platform and enjoying a prosperous retirement. I don't know which option they would take.
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