bloodycat
Member of DD Central
Posts: 184 
Likes: 84
|
Post by bloodycat on Sept 3, 2018 11:14:10 GMT
I would probably invest in some new loans as I currently have an excess of cash sitting idle in my current account, but I am already up to my limit on all the multi-tranche DFLs that look(ed) ok. Given how most of these DFLs are progressing I'm not prepared to exceed my limits even on those projects that I am still reasonably confident of.
|
|
|
|
Post by df on Sept 3, 2018 11:51:54 GMT
I would probably invest in some new loans as I currently have an excess of cash sitting idle in my current account, but I am already up to my limit on all the multi-tranche DFLs that look(ed) ok. Given how most of these DFLs are progressing I'm not prepared to exceed my limits even on those projects that I am still reasonably confident of.
There are other platforms where you can invest your idle cash with lower advertised interest rate. My return from Ly is 0.65 this month (7.8%pa), which is far too low for the risk attached, so I'm investing my Ly returns elsewhere.
|
|
|
|
Post by GSV3MIaC on Sept 3, 2018 11:57:37 GMT
Still a couple of projects worth investing in with 6+ months to go but wouldn't touch most with a barge pole.
Most of us probably have a great sufficiency of those few already, and given the performance of whay looked safe with 6 months to go (I name no names, but you know who they are), I wonder if the great sufficiency is actually an excess.
|
|
ped
Member of DD Central
Posts: 255
Likes: 84
|
Post by ped on Sept 3, 2018 12:06:25 GMT
I would probably invest in some new loans as I currently have an excess of cash sitting idle in my current account, but I am already up to my limit on all the multi-tranche DFLs that look(ed) ok. Given how most of these DFLs are progressing I'm not prepared to exceed my limits even on those projects that I am still reasonably confident of.
There are other platforms where you can invest your idle cash with lower advertised interest rate. My return from Ly is 0.65 this month (7.8%pa), which is far too low for the risk attached, so I'm investing my Ly returns elsewhere. My return is now (4.9% p.a.) and has been falling for sometime. Will Ly ever turn this ship around or is it Doomed!
|
|
|
|
Post by GSV3MIaC on Sept 3, 2018 12:39:39 GMT
The problem with that metric is that it takes no account of the upcoming capital loss(es) behind the 2/3rds of your loans which are not paying interest .. which could be anything from " you get it all back with 15% interest on top" to " you lose most of it".
We won't know which for a long time, at the current rate, but all we can say for sure is that your real return almost certainly isn't 4.9%. 8<.
|
|
indy
Member of DD Central
Posts: 57
Likes: 18
|
Post by indy on Sept 3, 2018 15:41:32 GMT
I have been in SS/L since the boat days, I remember the good old days, I sold 30k worth of loans in less than 15 minutes when I needed some money. I still have 75k invested (I use that word loosely) and my interest this month is £194  . Where did it all go wrong? I was too slow selling my loans so will now have to sit here with my fingers and toes crossed hoping Lendy survives long enough to get my money back. |
|
|
|
Post by supernumerary on Oct 1, 2018 0:33:26 GMT
Steady as she goes good ship Ly. No weekend sailing on a school day. Water ski in if you have to. Our hopes are invested in you and all who sail in her. The 1st of the month is the day I don't post any glass-half-empty doom and gloom, no whinging about rubbish updates, no worrying about being stuck with crappy looking loans that I can't shift. The 1st of the month is the day to worship SS and give thanks to the platform  ...and HERE we are AGAIN. 
|
|
|
|
Post by supernumerary on Nov 1, 2018 9:35:44 GMT
Steady as she goes good ship Ly. No weekend sailing on a school day. Water ski in if you have to. Our hopes are invested in you and all who sail in her. The 1st of the month is the day I don't post any glass-half-empty doom and gloom, no whinging about rubbish updates, no worrying about being stuck with crappy looking loans that I can't shift. The 1st of the month is the day to worship SS and give thanks to the platform THAT magical day has come around again, for the 'interest payment run'...
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
|
Post by jonno on Nov 1, 2018 9:49:31 GMT
Steady as she goes good ship Ly. No weekend sailing on a school day. Water ski in if you have to. Our hopes are invested in you and all who sail in her. The 1st of the month is the day I don't post any glass-half-empty doom and gloom, no whinging about rubbish updates, no worrying about being stuck with crappy looking loans that I can't shift. The 1st of the month is the day to worship SS and give thanks to the platform THAT magical day has come around again, for the 'interest payment run'... Yep, it used to be SOOO Magical I felt like a member of the Magic Circle................... Now, I don't even feel like a member of the Magic Semi-Circle 
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Nov 1, 2018 10:23:53 GMT
First few interest payments started rolling in for me...
Looks like this month they're starting with the newest loans and working towards the older ones - I'm sure it was the other way round in previous months!
|
|
bloodycat
Member of DD Central
Posts: 184
Likes: 84
|
Post by bloodycat on Nov 1, 2018 10:54:58 GMT
Apparently complete now. Received 56% of 'expected' interest.
|
|
|
|
Post by spareapennyor2 on Nov 1, 2018 11:00:13 GMT
DFL005 /DFL019 delayed end of day
|
|
|
|
Post by charliebrown on Nov 1, 2018 11:03:45 GMT
DFL005 /DFL019 delayed end of day Any significance in the delay do we think. The slightest thing has me on edge with this mob.
|
|
mikeh
Member of DD Central
Posts: 499
Likes: 370
|
Post by mikeh on Nov 1, 2018 11:53:26 GMT
Not a penny yet. Promises of DFL005 and DFL019 to come.
|
|
Jeepers
Member of DD Central
Posts: 818
Likes: 721
|
Post by Jeepers on Nov 1, 2018 12:31:32 GMT
Not a penny yet. Promises of DFL005 and DFL019 to come. Raises the question of why? Both the same borrower but don't Lendy hold all the interest upfront anyway?
|
|
. Where did it all go wrong? I was too slow selling my loans so will now have to sit here with my fingers and toes crossed hoping Lendy survives long enough to get my money back.
