blender
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Post by blender on Aug 28, 2017 12:18:18 GMT
For a really enjoyable roller-coaster, try Ablrate. No significant losses yet, but it has that sense of danger that some of us crave. It's a good job that we don't play for real money on these p2p platform games.
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number5
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Post by number5 on Aug 28, 2017 12:45:53 GMT
Cheers guys for all your help and advice. Just hoping that following this new short term strategy, we are not missing anything that may backfire!
I'm looking for somewhere to invest my funds where I can use the flipping strategy but with the interest payments paid upfront, like FC property loans?
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Post by yorkshireman on Aug 28, 2017 14:15:12 GMT
For a really enjoyable roller-coaster, try Ablrate. No significant losses yet, but it has that sense of danger that some of us crave. It's a good job that we don't play for real money on these p2p platform games. I’ve never found the Ablrate experience to be particularly enjoyable as I see most of the offerings as being too esoteric. Come to think of it, not all that dissimilar to FC. 
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blender
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Post by blender on Aug 28, 2017 16:06:15 GMT
Like FC used to be, years ago, but with some security. I suppose 'fun' is the word.
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Post by GSV3MIaC on Aug 28, 2017 16:42:13 GMT
The ABL deal flow is a bit lacking, compared to (even early) FC, and the SM is considerably more esoteric with bid/offer options as well as "buy/sell NOW!", but it's more fun that FC turned out to be. Markups are possible, sometimes. I gather ReBS is touting for business on this thread, but if you get any PMs from there, feel free to forward them to the moderator team ( Admin will do) since that is frowned on**. There are flipping opportunities there, but also really very extremely poor recovery (and you though FC was bad) . LC have also got a 'like FC , sort of' product, with low deal flow and a very flaky SM. No profit for flippers though, since no markups ** (see p2pindependentforum.com/thread/9843/unsolicited-marketing-pms). One suspects that the P2P gold rush is over - P2P morphed into something almost indistinguishable from the average bank .. oh, except there is no FSCS protection .. or investment fund. |
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blender
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Post by blender on Aug 28, 2017 17:29:19 GMT
I have received a message from ReBS, and thought it not a proper use of the facility - straight advertising. But not too serious a matter.
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number5
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Post by number5 on Aug 28, 2017 18:15:36 GMT
I got a message from them also, had a look at some reviews...did not look good. So not for me.
Im still looking for a new 'flipling' home for my funds :-)
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Post by df on Aug 29, 2017 1:56:54 GMT
I thought so  The emphasis is on simplicity. No point creating "sophisticated" autobid tools. I don't mind this change - lower returns, but less time consuming investment . 0.5% exposure sounds very good and I don't mind sharing a fair share of A+. So far, I'm not planning to withdraw or downsize. I'm going to keep my funds there as they are (certainly not at 'conservative' rate) and review on 18/09/2018. There's a 0.25% exposure option too It looks like there are no options in the 18th Sept version: "No more than 0.5% (subject to a minimum of £20 per business) of your portfolio will be lent to a single business, helping you to manage risk effectively." I don't think there will be any options, except to choose between 'balanced' and 'conservative'. They are doing the rest for you - similar to Landbay/Zopa/RS.
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Post by df on Aug 29, 2017 2:29:57 GMT
Another similar strategy here, up to a point. Since I won't be able to pick and choose buys or sells after the 18th, I'm rebalancing my portfolio now - turning over almost half of it in the process. I've got rid of anything that ends in the next 8 months (ish), also anything that I had planned to sell in that time. Also increasing diversification (was over 200 loans, now well over 300) and pushing the risk profile up (average now C). I will let FC's autobid do it's thing (on the higher risk setting) for a while, reinvesting returns. I imagine that it will be trying to reduce my average risk profile towards their target so will mostly buy A+/A, but it will be a long hard slog for it to make much progress on that if I've done my job properly. Then I'll just sit and watch for a while, and take my attention elsewhere for some more active trading/entertainment. Since the announcement, in preparation for the change, I was selling lower rate loans and buying D's. I didn't think selling low term low rate loans will work, but it did and I've managed to rebalance my portfolio. Now I have some space for A/A+ to come in September.
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Post by df on Aug 29, 2017 3:18:27 GMT
The ABL deal flow is a bit lacking, compared to (even early) FC, and the SM is considerably more esoteric with bid/offer options as well as "buy/sell NOW!", but it's more fun that FC turned out to be. Markups are possible, sometimes. I gather ReBS is touting for business on this thread, but if you get any PMs from there, feel free to forward them to the moderator team ( Admin will do) since that is frowned on**. There are flipping opportunities there, but also really very extremely poor recovery (and you though FC was bad) . LC have also got a 'like FC , sort of' product, with low deal flow and a very flaky SM. No profit for flippers though, since no markups ** (see p2pindependentforum.com/thread/9843/unsolicited-marketing-pms). One suspects that the P2P gold rush is over - P2P morphed into something almost indistinguishable from the average bank .. oh, except there is no FSCS protection .. or investment fund. I'm curious if selling loan parts at 5% premium on ReBS is a successful business? Many p2p platforms look like bank/BS accounts. I think FC made the right choice to join the ranks. Opportunities for flippers are in deed diminishing.
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Post by andyoz on Aug 29, 2017 5:07:57 GMT
Actually I wonder how some of the loans make it onto FC and if someone thinks buying a loan on a company with negative profit is a good idea then let them take it. Why should we all suffer as a result. That's like saying I put £2 in the lottery and didn't win and I think all the money should be distributed throughout everyone. Profit is only one measure of a company's ability to service debt. Look at the world's biggest taxi company Uber. They have never come close to making a profit but service a huge amount of debt. I personally would not lend Uber a penny but profit is not the only factor to consider. Future potential is a much bigger factor.
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ashtondav
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Post by ashtondav on Aug 29, 2017 8:12:48 GMT
Amazon rarely makes a profit.
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blender
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Post by blender on Aug 29, 2017 9:25:15 GMT
There are different considerations for debt and for equity. If the potential is the main factor, then I suggest that an equity stake gives the better reward for the risk.
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IFISAcava
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Post by IFISAcava on Aug 29, 2017 10:15:11 GMT
Amazon rarely makes a profit. on paper. In reality Amazon makes a fortune somewhere or other.
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IFISAcava
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Post by IFISAcava on Aug 29, 2017 10:16:51 GMT
Unsecured SME lending at a projected 7.5% with no PF at FC or secured lending at a target 7% with a PF at Assetz, at the moment I am choosing neither, however, I fail to see the attaction of usecured SME lending at these rates particularly with storm clouds gathering. diversification away from property? Ability to use an IFISA at FC?
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The emphasis is on simplicity. No point creating "sophisticated" autobid tools. I don't mind this change - lower returns, but less time consuming investment . 0.5% exposure sounds very good and I don't mind sharing a fair share of A+. So far, I'm not planning to withdraw or downsize. I'm going to keep my funds there as they are (certainly not at 'conservative' rate) and review on 18/09/2018. 