blender
Member of DD Central
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Post by blender on Oct 31, 2016 13:44:03 GMT
You just have to count the number of searing holes burnt into your mortal soul.
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dorset
Member of DD Central
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Post by dorset on Nov 1, 2016 12:28:17 GMT
Please don't choke on the drink rxdav. Recovery is a long and slow process if you expect quick results then you are investing in the wrong sector. The results of the FC team are about what I would have expected. I have been with FC from the early days and have 110 defaults of which 8 have been a total or close to total w/off, 7 have seen full recovery and of the remainder I am currently at 26% recovery. To be honest in my business experience this is about right and I expect recoveries to probably end up at around 50% - pretty good by normal commercial standards. Yikes dorset, though I guess we would need to know 110 as a percentage of what. 110 out of 110 would worry me, my FC default numbers are sub 3.5% which would be about what I would expect though I stopped investing in FC when the process changed last year (as others have said, poor correlation between risk and reward, too large an institution presence etc etc) and I am a real scardy-cat when it comes to investing, what sort of intial default rates are you seeing? 110 defaults since 2012. I currently have 1254 loans all non-property but have run down my FC investments from well over £50k at max to about £20k today (essentially through the lack of quality non-property loans to rollover repayments). I guess over the period I have had about 2500 loans but I have not bothered to check. I calculate defaults as a % of (interest received plus defaults less FC fee) which is remarkably consistent at 22%. This has given me an average return on non-property loans of something over 7% pa since 2011 - again very consistent possibly because a 1000 plus loan diversification has smoothed out default risk. I keep detailed records of the 110 defaults and can pick out no significant pattern in terms of sector, business size, payments to default. Hope this helps.
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Post by wiseclerk on Jan 26, 2017 9:30:37 GMT
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