|
|
Post by yorkshireman on Jun 2, 2017 9:52:28 GMT
What have you got to hide? He might have exceeded the personal savings allowance for bananas.  Or even been laundering them? 
|
|
|
|
Post by yorkshireman on Jun 2, 2017 9:58:05 GMT
The P2P industry also helps me support a number of local pubs and breweries. A noble cause, a man after my own heart.
|
|
pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
|
Post by pom on Jun 2, 2017 9:59:53 GMT
maybe we should start a thread on how much you have lost on p2p? i see some of you guys parked a large amount of money in p2p! So far (2yrs in) about 0.2% of what I now have invested but I do expect that to rise not least as my p2p pot seems to be still expanding so there's sure to be something else I've invested in in the last few months that will eventually go bang - and if I could easily work out how much I had invested at the time I bought the bad loans...it'd likely be a higher percentage but still probably less than half a percent, definitely less than one. Much less than earnings anyway
|
|
|
|
Post by elephantrosie on Jun 2, 2017 18:47:29 GMT
is 0.2% after defaulted loans settled and you get the remaining money?
|
|
skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
Posts: 787 
Likes: 424
|
Post by skippyonspeed on Jun 2, 2017 19:16:08 GMT
I've given up being grumpy about phones. Gets me nowhere. All I want is calls and texts. NOTHING ELSE. What I have to endure is all sorts of internet based excreta which sometimes seems impossible to disable, and means the "phone" needs charging four times as often. I have laptops.PCs for web stuff.   edit 20:01 1 June: Has anyone noticed that if you type c r a p without spaces you get an automatic red faced angryticon ? You got that wrong it's the constipated face icon Ps not sure about the new avatar suiting your name looks a bit effeminate!!!! Wasn't the London zoo gorilla called Guy years ago, just change the vowel!!!
|
|
|
|
Post by bracknellboy on Jun 2, 2017 22:16:17 GMT
skippyonspeed: leaving aside commentary on facial expressions, your point is what exactly ?
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Jun 2, 2017 22:26:42 GMT
is 0.2% after defaulted loans settled and you get the remaining money? I've lost around lost around 1.5% of my capital pa for the last 4 1/2 years. I expect that to rise to at least 3-5%(hopefully nearer 3%) over the longer term economic cycle. 12% - 3% losses, leaves a nice 9%. 5% and 7% return is still good.
|
|
|
|
Post by elephantrosie on Jun 2, 2017 22:32:13 GMT
is 0.2% after defaulted loans settled and you get the remaining money? I've lost around lost around 1.5% of my capital pa for the last 4 1/2 years. I expect that to rise to at least 3-5%(hopefully nearer 3%) over the longer term economic cycle. 12% - 3% losses, leaves a nice 9%. 5% and 7% return is still good. thanks for the thanks for the reply, liz. again i wonder when you guys quote the figures, are they net losses? ie. after loans defaulted settled (using secured item)?
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Jun 3, 2017 9:19:06 GMT
I've lost around lost around 1.5% of my capital pa for the last 4 1/2 years. I expect that to rise to at least 3-5%(hopefully nearer 3%) over the longer term economic cycle. 12% - 3% losses, leaves a nice 9%. 5% and 7% return is still good. thanks for the thanks for the reply, liz. again i wonder when you guys quote the figures, are they net losses? ie. after loans defaulted settled (using secured item)? Some are net losses, some are estimated losses based on security/platform estimates/administrator reports. Conservative of course.
|
|
pom
Member of DD Central
Posts: 1,922
Likes: 1,244
|
Post by pom on Jun 3, 2017 18:10:27 GMT
is 0.2% after defaulted loans settled and you get the remaining money? Yeah...tho was also only talking capital losses (lost out on 20 months interest on my straggling FS loan but got all capital back) and a few of them may yet return some capital. But like I said I do expect it to go up, have been very lucky so far - if you're hoping to avoid losses you shouldn't be here....
|
|
angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,334
Likes: 789
|
Post by angrysaveruk on Jun 4, 2017 7:53:19 GMT
I probably earn about £250 a month from P2P has been more in the past but I have reduced my exposure. I don't care if you are a tax man I declare it  like a lot of people on this thread I am frugal so this 250 goes a long way. It covers my food, mobile phone and car costs. |
|
|
|
Post by elephantrosie on Jun 4, 2017 11:13:21 GMT
Wouldnt you need to have 25k in p2p investment to earn such large amount? what platforms do you used?
I am looking to invest more in p2p, but not many platforms to my liking.
ps: taxman doesnt need to be on here because we all have to key in our details when we signed up on platforms... difficult to run away from tax...
|
|
angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,334
Likes: 789
|
Post by angrysaveruk on Jun 4, 2017 11:57:13 GMT
Wouldnt you need to have 25k in p2p investment to earn such large amount? what platforms do you used? I am looking to invest more in p2p, but not many platforms to my liking. ps: taxman doesnt need to be on here because we all have to key in our details when we signed up on platforms... difficult to run away from tax... I have quite a bit more than 25k invested. At the moment I am invested in Zopa and assets capital. They both seem well run. I used to have investments in rate setter but took advantage of the free sell out there.
|
|
|
|
Post by elephantrosie on Jun 4, 2017 12:20:11 GMT
i have been on assetz capital website several times but its (relatively) high default rates is making me to have second thoughts.
i missed zopa as they have closed its doors on new investors.
i am on RS but only a minimal amount (110 quids)- on rolling loan 3%. i am thinking of increasing my funds while looking for other p2p platforms.
|
|
|
|
Post by elephantrosie on Jun 4, 2017 12:21:18 GMT
on the flip side, AC has good track records in dealing with defaults.
|
|
like a lot of people on this thread I am frugal so this 250 goes a long way. It covers my food, mobile phone and car costs.