ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jul 15, 2017 17:25:15 GMT
Thanks codliveroil, fair enough.
Now, I'm not being sarky or anything else, it's not my style, but, honest Question, there has to be a Time Limit surely?
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Post by martin44 on Jul 15, 2017 17:31:23 GMT
... You didn't answer my Question: "What's your definition of a Bad Debt?" When the borrower can't or won't pay back the money they borrowed plus interest. I certainly won't lose any sleep, P2P makes up less than 10% of my portfolio and may go even lower in the future. As long as I make above inflation returns I will be happy. UK Inflation at the moment is running at 2.9% , above inflation returns can be just 3% , i certainly would not risk my money in p2p lending for a return of 3%, at the moment i will not touch touch any of lendy's 10% ers.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jul 15, 2017 17:35:55 GMT
ozboy "not your style" lmao😂🤣
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Post by codliveroil on Jul 15, 2017 17:36:10 GMT
Thanks codliveroil, fair enough. Now, I'm not being sarky or anything else, it's not my style, but, honest Question, there has to be a Time Limit surely? I do agree that FS hasn't handled things greatly, but I'm not going to give up on the platform. I have been tempted to give up on P2P previously but for some reason have never pulled the plug.
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agent69
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Post by agent69 on Jul 15, 2017 17:38:37 GMT
You know as well as me and everyone else does that £10K+++ to a BH is chickenfeed, " I remember many moons ago AC had a loan of about £3m that was taken by a single investor. A query was raised as to how this stacked up with the idea of a diversified portfolio, and somebody who knew the lender said it was part of a diversified portfolio. There's some serious money out there (more money than sense?)
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r1200gs
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Post by r1200gs on Jul 15, 2017 17:43:14 GMT
What's your Definition of a "Bad Debt" though codliveroil?!!!!  When we sign up we agree that we may lose some or all of our capital. People seem to put all the focus on the yield when investing and not think about the negatives that could occur. I personally don't invest more than £50 per loan, it can take a long time to invest a large amount of money but it gives me more peace of mind. When I look at the recent investments and see people invest £10k plus I ask myself, do they really understand the risks or do they just see the 12% a year return?
I would advise everyone reading this to read The Forth Cure from Seven Cures for a Lean Purse. I try and keep my minimum investment to 5k. It helps me keep track. On another platform my largest holding is 35K. We seem to have an outbreak of posters who are completely missing the issue here and who are trying to teach their gran to suck eggs. The issue is the false information supplied to investors by the platform even after they were given a heads up, and how deep this problem runs. I'm perfectly prepared to take risk based on my own due diligence and the information supplied by the platform, but I do not expect the platform to mislead me even after they have been told of the situation and could see the pictures for themselves.
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r1200gs
Member of DD Central
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Post by r1200gs on Jul 15, 2017 17:45:24 GMT
One bad debt isn't enough for me to lose trust in a platform. We all say that P2P is risky, then complain when things go wrong. You can't have your cake and eat it. Issue missed by a large country mile, which is bigger than your usual one? 
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
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Post by ozboy on Jul 15, 2017 18:01:53 GMT
When we sign up we agree that we may lose some or all of our capital. People seem to put all the focus on the yield when investing and not think about the negatives that could occur. I personally don't invest more than £50 per loan, it can take a long time to invest a large amount of money but it gives me more peace of mind. When I look at the recent investments and see people invest £10k plus I ask myself, do they really understand the risks or do they just see the 12% a year return? I would advise everyone reading this to read The Forth Cure from Seven Cures for a Lean Purse. I try and keep my minimum investment to 5k. It helps me keep track. On another platform my largest holding is 35K. We seem to have an outbreak of posters who are completely missing the issue here and who are trying to teach their gran to suck eggs.
The issue is the false information supplied to investors by the platform even after they were given a heads up, and how deep this problem runs.
I'm perfectly prepared to take risk based on my own due diligence and the information supplied by the platform, but I do not expect the platform to mislead me even after they have been told of the situation and could see the pictures for themselves.
Errrr, Spot On, Correctimundo r1200gs - Quadruple Thumbs Up Sir!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Jul 15, 2017 18:04:40 GMT
You know as well as me and everyone else does that £10K+++ to a BH is chickenfeed, " I remember many moons ago AC had a loan of about £3m that was taken by a single investor. A query was raised as to how this stacked up with the idea of a diversified portfolio, and somebody who knew the lender said it was part of a diversified portfolio.There's some serious money out there (more money than sense?)
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Jul 15, 2017 18:09:52 GMT
ozboy "not your style" lmao😂🤣 No idea what the emoticons mean, (know what IMAO means!) but back home, even when I'd be utterly insulted by someone, I always replied "Thank you!" - used to flummox them every time!
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
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Post by stub8535 on Jul 15, 2017 18:49:05 GMT
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peteuk
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Post by peteuk on Jul 16, 2017 0:33:41 GMT
I asked FS friday was the reason they are not defaulting the rishton loan that they expect to get sued, as someone has said rishton has some big hitters in the loan and if i was one of them which im not i think the time would only be after a default, hence no default
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Post by Harland Kearney on Jul 16, 2017 2:18:39 GMT
I avoid renewal loans like the plague unless there is a high interest rate/cash back. Even then no more than £100 loan part
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stokeloans
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Post by stokeloans on Jul 16, 2017 18:20:16 GMT
I avoid renewal loans like the plague unless there is a high interest rate/cash back. Even then no more than £100 loan part I have a formula for investing on FS. Renewals + 2nd or 3rd charges + development loans = barge poles
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james21
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Post by james21 on Jul 16, 2017 18:33:33 GMT
Suggest you try Funding Circle SME = your money at risk not theirs = defaults waiting to happen or Zopa, good idea 4 yrs ago = plenty of hangers on have not moved on = pathetic return
Me; Iam into FS = excellent return %, secured loans, happy days
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