iren
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Post by iren on Feb 1, 2019 20:01:57 GMT
The Statistics page currently advertises “60 loans currently open”. A popup message this morning thanked investors for their patience and attributed the current delay in investing new funds to the increased number of transactions that OC are presently having to process. I’m to infer that the reason that I’m still waiting for monies to be invested that were available on 18 January, as well as four further items that I have in the queue from later dates, is because of an administrative delay rather than a lack of loans? This is not impressive.
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iren
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Post by iren on Feb 14, 2019 13:44:48 GMT
Having commented on previous delays, I should add that it appears OC have caught up. An investment I made yesterday was invested the same day.
Regarding diversification, my understanding is that OC distribute new investments across currently available loans, ignoring whether you already have a holding in any of them.
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iren
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Post by iren on Feb 4, 2020 11:29:01 GMT
Funds currently being invested after 28 days. That’s quite a lag. Possibly a result of numbers of P2P investors twigging that platform risk is the major risk to their investments and that Octopus Choice stands out positively on this front.
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macq
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Post by macq on Feb 4, 2020 11:41:12 GMT
Funds currently being invested after 28 days. That’s quite a lag. Possibly a result of numbers of P2P investors twigging that platform risk is the major risk to their investments and that Octopus Choice stands out positively on this front. i have noticed a lag lately and tended to put it down to property going quite over xmas & new year (but i guess they can't guarantee a supply on demand at any point) but also wonder if it became a home for Landbay money
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IFISAcava
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Post by IFISAcava on Feb 4, 2020 13:00:53 GMT
Funds currently being invested after 28 days. That’s quite a lag. Possibly a result of numbers of P2P investors twigging that platform risk is the major risk to their investments and that Octopus Choice stands out positively on this front. Interested as to the reasoning behind this. Backing from parent company?
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iren
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Post by iren on Feb 4, 2020 13:20:15 GMT
Funds currently being invested after 28 days. That’s quite a lag. Possibly a result of numbers of P2P investors twigging that platform risk is the major risk to their investments and that Octopus Choice stands out positively on this front. Interested as to the reasoning behind this. Backing from parent company? Yes. Octopus is a major investment firm. A reasonable prediction would be that if, for any reason, Octopus decided to withdraw from this area of activity, they would wind down the loan book themselves in an orderly fashion. Anything else would lead to a loss of trust in Octopus’s other investment businesses.
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