jcb208
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Post by jcb208 on Mar 22, 2018 17:23:23 GMT
Only £9.14 million on the SM ,must be the highest ever  |
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Post by GSV3MIaC on Mar 22, 2018 18:03:00 GMT
Does that include the defaulted and suspended??
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mary
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Post by mary on Mar 22, 2018 18:24:31 GMT
Only £9.14 million on the SM ,must be the highest ever But £6.3m is the unfilled, and undesirable, portions of DFL19-T20 and PBL199, which even 2% cashback seemingly cannot help. Everything else is as it has been recently.
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jcb208
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Post by jcb208 on Mar 22, 2018 18:27:10 GMT
Does that include the defaulted and suspended?? Nope never added them just SM loans
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tx
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Post by tx on Mar 22, 2018 19:32:53 GMT
Nope never added them just SM loans If Lendy managed to get big loans repaid, I bet these two loans will be gone in no time. I suspect it is not that they are not desirable; but people are either trying to diversify or all funds tied up in default/suspended loans, or already invested in other platforms.
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Liz
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Post by Liz on Mar 22, 2018 23:26:19 GMT
Only £9.14 million on the SM ,must be the highest ever But £6.3m is the unfilled, and undesirable, portions of DFL19-T20 and PBL199, which even 2% cashback seemingly cannot help. Everything else is as it has been recently. . It will soon drop once at least one is cancelled.
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hazellend
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Post by hazellend on Mar 22, 2018 23:33:02 GMT
But £6.3m is the unfilled, and undesirable, portions of DFL19-T20 and PBL199, which even 2% cashback seemingly cannot help. Everything else is as it has been recently. . It will soon drop once at least one is cancelled. Which one is being cancelled??
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r00lish67
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Post by r00lish67 on Mar 23, 2018 0:52:06 GMT
I fully agree with all of what you've said, except I don't understand why you plan on 'sticking things out' given what you've observed? Hi r00lish67. Sorry, it took until today's snow (requiring a further hot toddy) to provide the opportunity to sit down & put virtual pen to paper & reply to your Q............ 'Why do I plan to stick things out'.......... In round figures I currently have £35 K (down from £65 K 15 months ago) invested with L spread fairly evenly across 34 separate projects. My overall monthly return has dropped from 1% 2 years ago to 0.8% 12 months ago to 0.55% 1st March 2018. Of the £35 K remaining invested £6.5 K should be able to be sold within a few days (as the sale ques on those investments is below £20 K), £10 K is in frozen investments in default & the remainder mostly have ques well in excess of £100 K + & would therefore be on the SM earning no interest for a very long time. So, as I see it, my options are to cash in the "saleable" £6.5 K, thus reducing my L monthly income % (but available to go to MT, ABR etc so overall no difference in return), &/or put the £16.5 into the long S M sales ques & get no interest whilst up for sale, which would drop my monthly return to circa 2.5% or less. Bearing in mind my previously stated DNA in that I am not a flipper, rightly or wrongly that is why currently I am planning to 'stick things out'. Comments (kind or otherwise) welcome... Sorry in turn for the delay in my reply. That sounds pretty reasonable to me - defaulted investments you can do nothing about, nor giant queues, I'd probably do the same and stay put. What you do with the saleable investments and indeed any future investment opportunities is very much a matter of your own confidence in the loan propositions and the platform. The one thing I would say is that you mention your monthly income a few times, so it comes across as a key metric for your Lendy investment performance. But with your current defaults at circa 15% of your maximum portfolio size (£10k/£65), it really depends how much faith you have in the remainder of the projects you've invested in and in Lendy's superhero lawyers in making significant recoveries to fully assess whether Lendy have done well for your money, which is probably a painfully obvious thing to say. In any case, hope it goes well for you!
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sl75
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Post by sl75 on Mar 23, 2018 9:05:19 GMT
Only £9.14 million on the SM ,must be the highest ever But £6.3m is the unfilled, and undesirable, portions of DFL19-T20 and PBL199, which even 2% cashback seemingly cannot help. Everything else is as it has been recently. Those two loans have a total of over £1.8M of investment between them already... if, in the present market conditions, Lendy are able to raise so much even towards allegedly "undesirable" loans, just imagine how much they'll be able to raise for a loan you consider "desirable", or if/when investors next have decent chunks of spare cash from some chunky repayments...! I also note that there are some loans (most notably DFL033) which have not draw down despite launching on the marketplace months ago, so there doesn't seem to be the urgent rush by Lendy to either get all loans fully funded or to immediately withdraw the offer of funding that some individual investors seem to have...
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Post by p2plender on Mar 23, 2018 9:32:48 GMT
If Lendy managed to get big loans repaid, I bet these two loans will be gone in no time. I suspect it is not that they are not desirable; but people are either trying to diversify or all funds tied up in default/suspended loans, or already invested in other platforms.
Fat chance I'd say. If you've stuff tied up in the SM queue then it's tied up to the bitter end, whenever that may be..
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hazellend
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Post by hazellend on Mar 23, 2018 9:35:48 GMT
If Lendy managed to get big loans repaid, I bet these two loans will be gone in no time. I suspect it is not that they are not desirable; but people are either trying to diversify or all funds tied up in default/suspended loans, or already invested in other platforms. Fat chance I'd say. If you've stuff tied up in the SM queue then it's tied up to the bitter end, whenever that may be.. Amazing how many people are in denial about the SM and seem happy to let their funds sit there earning no interest, donating their interest to Lendy.
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Post by p2plender on Mar 23, 2018 11:13:46 GMT
In the hope of a big hitter coming along..!!
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Doc
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Post by Doc on Mar 27, 2018 11:58:41 GMT
Lots of DFL033 and PBL192 available this morning. Rich pickings for now... Even the popular Lendy loans are taking longer to sell on the secondary market following the launch of the recent loans with cashback.
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Post by investor1925 on Mar 27, 2018 12:24:13 GMT
If Lendy managed to get big loans repaid, I bet these two loans will be gone in no time. I suspect it is not that they are not desirable; but people are either trying to diversify or all funds tied up in default/suspended loans, or already invested in other platforms. Fat chance I'd say. If you've stuff tied up in the SM queue then it's tied up to the bitter end, whenever that may be.. Amazing how many people are in denial about the SM and seem happy to let their funds sit there earning no interest, donating their interest to Lendy. I find myself in the same boat as others here. I've decided what % of my hard earned cash is going to be put into P2P investments, & its all in, so no more going in at all. I've also diversified into 9 different platforms, one of which is Lendy. So what a number of poster's have said is spot on. IF LENDY PAY US BACK SOME OF THE DEFAULTED LOANS, IT'LL GET RE-INVESTED INTO NEW ONES. Finally, if you can't get 100% back (like a certain castle), that means we've got less available to put back in to the new loans There's only so much money out there guys. Do get a grip.
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