0risk
Member of DD Central
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Post by 0risk on Jan 9, 2017 20:04:06 GMT
Hi, yes I can expand. I am moving my money from ss and splitting it between TWINO and Mintos. Some would say that I have jumped out of the frying pan and into the fire but I will be honest I feel a lot safer there. Regards Andy I like Mintos. Loans up to 13.5% with 60 days-late buyback guarantee. Great difersification: different currencies, countries, types of loans, and loan originators. This guarantee may have risks but it's the killer argument for me. I'm just a beginner in p2p lending though. It's very easy to open an account there and move money cheaply using Transferwise. I haven't tried Twino yet.
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andyb
Posts: 69
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Post by andyb on Jan 9, 2017 20:15:36 GMT
Hi, yes I can expand. I am moving my money from ss and splitting it between TWINO and Mintos. Some would say that I have jumped out of the frying pan and into the fire but I will be honest I feel a lot safer there. Regards Andy I like Mintos. Loans up to 13.5% with 60 days-late buyback guarantee. Great difersification: different currencies, countries, types of loans, and loan originators. This guarantee may have risks but it's the killer argument for me. I'm just a beginner in p2p lending though. It's very easy to open an account there and move money cheaply using Transferwise. I haven't tried Twino yet. I will be honest I prefer TWINO  It has a great mobile app and also a buyback guarantee after 30 days with interest ranging from 10-15%. If you fancy a gamble there are also band B and C loans with no buyback but the interest rates reflect this being between 29-39%
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TitoPuente
Member of DD Central
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Post by TitoPuente on Jan 9, 2017 21:11:05 GMT
I'm afraid people here are sometimes too polite. I for one will not welcome this type of free scaremongering messages just because of a "gut feeling". What are the facts that support this thread? What is all this about the casino analogies? I am used to rather more intelectual interchange here.
P2P is, like it or not, a new approach to known asset classes. Like it or not. If you cannot understand it please take your "gut feeling" opinions and share them at you local.
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Post by p2plender on Jan 9, 2017 21:17:24 GMT
Just walked the plank if you ask me. Wouldn't have thought now is a good time to be holding European investment with the pound being at rock bottom. Was about to write the same.. I can get 9.3ish on RS AUS but I'm pained to transfer £s at this exchange rate. Meanwhile I'll stay with UK platforms for now.
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hazellend
Member of DD Central
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Post by hazellend on Jan 9, 2017 21:19:10 GMT
I'm afraid people here are sometimes too polite. I for one will not welcome this type of free scaremongering messages just because of a "gut feeling". What are the facts that support this thread? What is all this about the casino analogies? I am used to rather more intelectual interchange here. P2P is, like it or not, a new approach to known asset classes. Like it or not. If you cannot understand it please take your "gut feeling" opinions and share them at you local. I don't think you are going to get an intelligent response. Compared to investing in equities, P2P investors, especially at lower investment levels seem to be very skittish.
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Jeepers
Member of DD Central
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I'm out.
Jan 9, 2017 21:27:53 GMT
via mobile
Post by Jeepers on Jan 9, 2017 21:27:53 GMT
I'm afraid people here are sometimes too polite. I for one will not welcome this type of free scaremongering messages just because of a "gut feeling". What are the facts that support this thread? What is all this about the casino analogies? I am used to rather more intelectual interchange here. P2P is, like it or not, a new approach to known asset classes. Like it or not. If you cannot understand it please take your "gut feeling" opinions and share them at you local. Couldn't agree more. If you can't stand the heat, you know where the door is. No need to raise the fire alarm on the way out! All I seem to be seeing these days is 'I'm out' and yet all loans are still funded. Makes me wonder if people are just scaremongering to try get invested on the SM.
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0risk
Member of DD Central
Posts: 217
Likes: 202
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Post by 0risk on Jan 9, 2017 21:34:30 GMT
I like Mintos. Loans up to 13.5% with 60 days-late buyback guarantee. Great difersification: different currencies, countries, types of loans, and loan originators. This guarantee may have risks but it's the killer argument for me. I'm just a beginner in p2p lending though. It's very easy to open an account there and move money cheaply using Transferwise. I haven't tried Twino yet. I will be honest I prefer TWINO It has a great mobile app and also a buyback guarantee after 30 days with interest ranging from 10-15%. If you fancy a gamble there are also band B and C loans with no buyback but the interest rates reflect this being between 29-39% Very INTERESTing, unfortunately they're not accepting Brazilians yet. I've just checked.
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mikes1531
Member of DD Central
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Post by mikes1531 on Jan 9, 2017 22:52:40 GMT
I'm afraid people here are sometimes too polite. I for one will not welcome this type of free scaremongering messages just because of a "gut feeling". What are the facts that support this thread? What is all this about the casino analogies? I am used to rather more intelectual interchange here. P2P is, like it or not, a new approach to known asset classes. Like it or not. If you cannot understand it please take your "gut feeling" opinions and share them at you local. Couldn't agree more. If you can't stand the heat, you know where the door is. No need to raise the fire alarm on the way out! All I seem to be seeing these days is 'I'm out' and yet all loans are still funded. Makes me wonder if people are just scaremongering to try get invested on the SM. I don't agree. I'd like to hear all investors' opinions, not just those singing the praises of the product. As long as there are more coming in than going out, SS loans will be in short supply, as they are now. If the balance tips the other way, the SM will clog up and grind to a halt as it has done on occasion in the past. I'd like to be able to spot the trends before they're obvious to everyone. If there's going to be a stampede for the exit, I'd like to be one of the ones who manages to get out rather than one of those who are crushed in the melee. But that's JMHO, and I don't insist that everyone has to think they way I do. Actually, I'd rather they didn't as that'll mean fewer people heading for the exit when I do! 
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Jeepers
Member of DD Central
Posts: 818
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I'm out.
Jan 10, 2017 6:56:38 GMT
via mobile
Post by Jeepers on Jan 10, 2017 6:56:38 GMT
Are they looking out for your best interests or spooking the market for their best interests?
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Post by penguin on Jan 10, 2017 11:22:40 GMT
I would not go so far as the initial poster (I am not "out"!), however perhaps a better way to articulate it would be to say that there is a long tail of potentially defaulting loans, and SS have yet to prove their ability to manage such scenarios (e.g. the garden centre remains unsold ). Does this matter to an investor who does their DD and keeps the default levels in their portfolio low? Well perhaps yes if it leads to platform risk - that is my only concern
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Post by dualinvestor on Jan 10, 2017 11:28:47 GMT
you have walked away from the fruit machine with all your winnings in your pocket. other players are putting their winnings back in the slot hoping to win more. No, he has just moved from Roulette to Black Jack. Ah, but on blackjack it is the only game in the house where the odds (slightly) favour the gambler. Does rely on knowing how to play as an expert tho
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dandy
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Post by dandy on Jan 10, 2017 11:39:56 GMT
No, he has just moved from Roulette to Black Jack. Ah, but on blackjack it is the only game in the house where the odds (slightly) favour the gambler. Does rely on knowing how to play as an expert tho any game in a casino where the casino does not have an edge is illegal ...
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Post by jackpease on Jan 10, 2017 12:00:41 GMT
Well I have been a staunch defender of SS's recent departure from this forum/lowering of rates and felt that the 'outers' were motivated more by hubris than by any evidence that the platform itself was any less solid.
But 'chaletgate' (see other thread) does beg a massive question (does it or does it not have valid PP) that demands an answer and yet it seems the loans are going live today without that clarity which is fundamental not just to that loan but also the whole SS portfolio.
I still believe SS is the best high risk high rate platform but for the first time acknowledge early warnings of impending gut feeling like the OP
Jack P
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am
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Post by am on Jan 10, 2017 12:21:30 GMT
No, he has just moved from Roulette to Black Jack. Ah, but on blackjack it is the only game in the house where the odds (slightly) favour the gambler. Does rely on knowing how to play as an expert tho That's a bit of common knowledge that turns out the be untrue. For example there are "full pay" video poker games that can be beaten with optimal play. As with blackjack the problem is that most people can't play optimally. People have beaten the casinos at roulette as well, by making observations of the motion of the ball which allows a better prediction than treating a spin as a random event. It's not so clear that once you factor in your setup expenses and the cost of your time that you can recoup before the casino banishes you. I'm certainly not tempted to try.
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lofty
Posts: 101
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Post by lofty on Jan 10, 2017 12:31:08 GMT
I always bet on red. Statistically that'll come up more often because its on the lighter end of the electromagnetic spectrum. For the same reason I only invest in loans with predominantly blue in the images (I'm staying away from that garden centre - with rgb values like that its bound to go badly) |
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