guff
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Post by guff on Nov 10, 2016 16:33:30 GMT
Liquidity is good and even 8% property loans are shifting with a premium. I'm treating FC more like an easy access savings account at the minute... and they're paying more than 0.05%.
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kaya
Member of DD Central
Posts: 1,150
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Post by kaya on Nov 10, 2016 16:47:58 GMT
Made my first ever withdrawl today. After yet more defaults today - one after just two payments - I can't take it no more. I  just  can't  take  it  anymore  . |
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Post by khampson on Nov 22, 2016 9:29:27 GMT
Made my first ever withdrawl today. After yet more defaults today - one after just two payments - I can't take it no more. I just can't take it anymore . What are your alternative peer to peer?
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adrianc
Member of DD Central
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Post by adrianc on Nov 22, 2016 9:36:51 GMT
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r00lish67
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Post by r00lish67 on Nov 25, 2016 17:33:22 GMT
Whatever else you want to say about them (and there's plenty), they can certainly turn the handle on loan origination at Feigning Credibility - up to 59 63 loans now on the PM for the weekend crowd to devour, and who could say no to such golden offerings as a 3.9% (after fees) "A+" unsecured loan to a small website and marketing distribution business (29002)?
Edit: 64 now, and the excitement I'm feeling about whether FC have actually tested a third page of new loans existing and that it won't cause the whole site to fall over is nearly unbearable. I really should get out more.
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acky
Posts: 481
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Post by acky on Nov 25, 2016 19:24:11 GMT
Whatever else you want to say about them (and there's plenty), they can certainly turn the handle on loan origination at Feigning Credibility - up to 59 63 loans now on the PM for the weekend crowd to devour, and who could say no to such golden offerings as a 3.9% (after fees) "A+" unsecured loan to a small website and marketing distribution business (29002)? Edit: 64 now, and the excitement I'm feeling about whether FC have actually tested a third page of new loans existing and that it won't cause the whole site to fall over is nearly unbearable. I really should get out more. "who can say no to a 3.9% unsecured loan" - now, let me think about this for a nanosecond - yep, I can assure that I most definitely can. Looks like there's lots of autobiddies that can't though - that won't help them get to the promised land of 7% return.
As for the third page, back in the good old days when an "auction" was actually an auction, there was often a third page, so it would probably work!
On the subject of pages, I noted there was a £32k 5-year C this afternoon (13.5%) that filled in 4 minutes, and only a few minutes later a £35k 5-year C was listed which took 45 minutes to fill. Difference was the first loan was on page 1, the second on page 2 - so are there lots of bots and Page Monitors out there that only look at page 1?
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Investboy
Member of DD Central
Trying to recover from P2P revolution
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Post by Investboy on Nov 25, 2016 23:11:28 GMT
Or this one: 29047. Upgraded from D to B and refinancing old FC loan of 14% to new 10%. Are D the new B?
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Post by carpecyprinidae on Nov 27, 2016 13:18:23 GMT
I would say, yes its worthwhile as its a simple way to earn 7% without much work. Every day I check in, put anything thats coming close to its due date up for sale, bid on A+ property loans with whatever cash I have in there.. takes a few minutes. You cant really get defaults if you sell property loans before they are due excepting that the business is reported to be insolvent.
I've just sold the last of my due-within-three-months loans as theres often a liquidity crunch over Christmas and I didnt want to be stuck with anything that would then go past 2 repayments left. Still running 7.7% average to date. just dont touch SME or anything rated less than A+ or not secured against property.
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fasty
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Post by fasty on Nov 27, 2016 22:55:08 GMT
It is easy to diversify on FC though.. I wonder how many loans the typical SS investor has? 12% looks very tempting but there will be tears and gnashing of teeth when one or two go under.
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Post by GSV3MIaC on Nov 27, 2016 23:34:19 GMT
It is easy to diversify on FC though.. I wonder how many loans the typical SS investor has? 12% looks very tempting but there will be tears and gnashing of teeth when one or two go under. Between SS and MT it's easy to achieve 50-100 loans, at 12% average. Throw in ablrate and FS and it's even easier, at rates even higher.
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fasty
Member of DD Central
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Post by fasty on Nov 27, 2016 23:49:57 GMT
It is easy to diversify on FC though.. I wonder how many loans the typical SS investor has? 12% looks very tempting but there will be tears and gnashing of teeth when one or two go under. Between SS and MT it's easy to achieve 50-100 loans, at 12% average. Throw in ablrate and FS and it's even easier, at rates even higher. I'm not sure how you can say "easy" though. As an example, on SS marketplace right now there are only for sale loans with a few days left and overdue loans that people are trying to get rid of. The pipeline is too slow to build a portfolio quickly. Same with MT, it seems.
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Post by jackpease on Nov 28, 2016 7:30:24 GMT
I don't see why people would bother with FC low rates Maxed out on property! If property catches a cold, security on some of these development/planning/hope based property loans may prove rather illusory Jack P
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Post by GSV3MIaC on Nov 28, 2016 8:59:41 GMT
Two requirements .. patience, and timing. Be on the SM when a new loan rolls out, and be on the SS one just after midnight. OK, it took me 6 months to get where I wanted to be, but it'd take that long on FC too, me being rather picky about return vs risk.
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Post by Harland Kearney on Nov 28, 2016 14:22:06 GMT
SS is difficult to quickly invest money currently at sensible diversification in my opinion. People obviously have different risk tastes on that matter. FS is easy to get large amounts invested in weekly however, I don't like the exit routes for FS loans due to tax implications and a somewhat difficult/stale marketplace to sift though for me, again personal opinion.
FC is by far has the largest acceptance of loans into its pipeline for investors too choose from. Rates are falling in my opinion and only the 10 percent property loans(Actual 9 percent return after fees) are worth investing into in my opinion due to the very liquid marketplace currently. (Which can again change keep in mind) I always sell my loans 2-3 months before maturity, too many over dues.
I'm invested in all platforms above and feel I would like a bigger bite into SS, but currently the pipeline is getting me about 1-2 loans a week, sometimes none. Which is slow to get my monies invested at the risk taste I would like!
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blender
Member of DD Central
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Post by blender on Nov 28, 2016 15:17:58 GMT
SS is difficult to quickly invest money currently at sensible diversification in my opinion. People obviously have different risk tastes on that matter. FS is easy to get large amounts invested in weekly however, I don't like the exit routes for FS loans due to tax implications and a somewhat difficult/stale marketplace to sift though for me, again personal opinion. FC is by far has the largest acceptance of loans into its pipeline for investors too choose from. Rates are falling in my opinion and only the 10 percent property loans(Actual 9 percent return after fees) are worth investing into in my opinion due to the very liquid marketplace currently. (Which can again change keep in mind) I always sell my loans 2-3 months before maturity, too many over dues.I'm invested in all platforms above and feel I would like a bigger bite into SS, but currently the pipeline is getting me about 1-2 loans a week, sometimes none. Which is slow to get my monies invested at the risk taste I would like! Same here with FC. Have you looked at Ablrate?
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just 
can't 
take 
it 
anymore 
. 
