ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168 
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Post by ozboy on May 18, 2017 13:33:00 GMT
Oh go on, go on littleoldlady, gis a hint?!  |
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vmail
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Posts: 457
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Post by vmail on May 18, 2017 13:35:10 GMT
That's a lot of money .. is there anything wrong with Lendy? should I be worried? I just want to shift funds elsewhere for personal reasons, I have too much in Lendy. I'm still keeping £106k in Lendy and will still be adding in funds monthly.
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Post by freedommmm on May 18, 2017 14:52:17 GMT
I think you guys are right.. I did some more research into COL (alas you only find out once you register). Looks like LTPP just need to improve their game!
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Post by supernumerary on May 18, 2017 19:11:00 GMT
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Post by eascogo on May 18, 2017 20:35:56 GMT
That's a lot of money .. is there anything wrong with Lendy? should I be worried? Anything wrong? Yes. And no. No platform is perfect, each has its fault and foibles and Lendy does have much that has historically been right with it and may continue to be so, but only time will tell. All platforms are comparatively young (reflecting the immaturity of P2P as a whole) with some seen as rising child stars and others apparently going through teenage growing pains. Assuming those pains are felt by the lenders / customers, here's with a chart of all Lendy TrustPilot reviews so you can decide which category Lendy currently falls in. 'Positive' are all 4 and 5 star ratings; 'Negative' are 1s and 2s, with 3 star ratings considered neutral and omitted. Incidentally, 80-odd of the 90+ positive reviews in 15Q1 were submitted over 5 consecutive days in early January of that quarter. However, I'd suggest ignoring the absolute numbers and instead focusing on the ratio of positive to negative posts for an insight into public perception of the platform over time.  So.... Should you be worried? - Probably not as things are today, given that, to date, lenders haven't felt the impact of platform losses from defaults. Perhaps instead, you should be 'cautiously diligent'. If / when losses from defaults are felt by lenders, it could impact the entire platform for a period of time. Recommendations to be diverse across multiple platforms is sound advice - it could be just as easy to get locked in to an unpopular platform as it is to get locked into an undesirable loan. I was looking at my Trustpilot spreadsheet yesterday. I am collecting ratings at roughly 5-week intervals since January to find out if ratings agree with my personal ranking of platforms. It doesn't but there is some agreement. To detect a possible trend I have calculated an additional "short-term rating" covering the period between my previous and latest record, in this case between 27/03/17 and 17/05/17. Results for Lendy are given below and reflect a marked downward trend in ratings over the last seven weeks. Date of Trustpilot's Number of Short-term record rating reviews rating 11/01/17 8.2 202 - 19/02/17 8.4 214 - 27/03/17 8.5 224 - 17/05/17 7.6 254 5.2By the way the short-term rating is arrived by attributing a value of 0 to 1-star ratings, 2.5 to 2-star, and so on, and 10 to 5-star ratings. Values of are added together and the sum divided by the number of reviews (30 in this latest 7-week period). I hope this method makes sense.
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vmail
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Posts: 457
Likes: 217
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Post by vmail on May 19, 2017 16:06:23 GMT
£2,095,000 repaid today to clear the SM, wait for T** O** C***** H*** or jumping ship?
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GeorgeT
Member of DD Central
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Post by GeorgeT on May 19, 2017 16:13:47 GMT
I achieved no sales yesterday. Just sold 3 loan parts. So yes, the fish are biting - or at least having a nibble |
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bababill
Member of DD Central
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Post by bababill on May 19, 2017 21:36:07 GMT
Hi Georget
If you had to take a wild guess --
On average what percentage of your saving stream portfolio is up for sale at any one time?
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GeorgeT
Member of DD Central
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Post by GeorgeT on May 19, 2017 23:23:02 GMT
Hi Georget If you had to take a wild guess -- On average what percentage of your saving stream portfolio is up for sale at any one time? As this forum is largely anonymous I don't mind giving you the facts and figures as they stand. I have reduced my investment on this platform from about £80k to about £60k over the last 2 months. Currently I have approximately £2k up for sale out of my £60k. I'm on my mobile and my brain is tired so I can't do the Maths on that but you can. Whatever percentage that is would be about typical for me when a new 12% loan is about to launch. Obviously I am very interested in the Cornwall loan and I have sold £600 today with about another 1500 to 2000 still on the market and moving nicely. I am also moving into the new 12% loan on the other platform tomorrow at 4pm and there is another 12% loan on that same platform expected to launch early next week. That may prompt me to put a bit more up for sale over the weekend as I try to keep my overall exposure to P2P at about the same level. I did an awful lot of rationalisation on this platform a month or so ago when the goal posts changed somewhat and I had to update my investment strategy and remove myself from shorter dated loans. At my worst position in terms of percentage of funds earning me interest I had about 10k up for sale out of about 70k. Thankfully the big Hertfordshire repayment cleared that blockage all of a sudden but I did sacrifice quite a bit of interest over that period. I think it is fair to say that my portfolio would be the envy of many investors if I were to publish it in terms of my 12% across the board loans and three figure days left to run. I do not mind admitting that I went for both of the recent 12% loans in East Anglia and was not deterred by the DD specialists on here. My achilles heel and the verruca on my portfolio is that pesky castle at 11% where I still have a few hundred stuck.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on May 20, 2017 6:13:25 GMT
My achilles heel and the verruca on my portfolio is that pesky castle at 11% where I still have a few hundred stuck. Have you got a "thing" about feet! 
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Post by portlandbill on May 23, 2017 8:16:25 GMT
quite a lot of 100+ day, 12% loans on the SM now. Why's no one want PBL143 I wonder?
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Post by nanniema on May 23, 2017 8:55:25 GMT
The other mystery, to me anyway, is why there is 42k or so of DFL 012 available as it is long dated and 12%.
I can only assume that people are cashing in to have funds available for the upcoming pipeline loans, only two of which are at 12% and one of which has a number.
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vmail
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Post by vmail on May 23, 2017 8:59:21 GMT
quite a lot of 100+ day, 12% loans on the SM now. Why's no one want PBL143 I wonder? My loans are in the 200 to 300 days club, so it does not make sense to buy a 100 days loan. Some of the investors might ben having a look on MT. It was difficult to sell 200 days loans from midnight to 3am, I had to sell some 300 days loans instead.
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Post by freedommmm on May 23, 2017 9:22:12 GMT
What is wrong with PBL143, which has 154 days remaining? Does somebody know something that I do not?
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vmail
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Post by vmail on May 23, 2017 9:44:26 GMT
What is wrong with PBL143, which has 154 days remaining? Does somebody know something that I do not? There's nothing wrong yet. investors may be diversifying.
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