ashtondav
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Post by ashtondav on Oct 7, 2020 9:27:20 GMT
Zopa does personal loans to individuals. Not for me thanks, whatever the numbers. Interesting. I consider them lower risk than one man band property developers and small companies. 17% of the uk population is employed by the public sector so lending to this segment alone is virtually risk free. I’d say that only 20% of the population is in risky jobs. On the other hand I’ve heard (not got facts) that 50% of small business start ups go belly up. In a really bad recession about 10% of the workforce is unemployed. 90% retain their jobs and income. Regardless, Zopa is running business as usual. None of the other top 4 can do that.
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ashtondav
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Post by ashtondav on Oct 6, 2020 16:40:14 GMT
I’m reinvesting a/c returned interest and capital at discounted rates, although they’re narrowing now and currently below 7%.
However for new capital I’d go for Zopa. Alone of the big 5 it is still open for business, accepting new lenders and borrowers. IMO that indicates a better business model. No?
As for comparing rates, I use that to guesstimate what my future returns may be. Looks like 3% to 4% with “average” luck.
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ashtondav
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Post by ashtondav on Sept 22, 2020 17:43:02 GMT
Still getting 3 times as much as I would from a BS ( yearto 21 September) so I’ll hang on on.
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ashtondav
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Post by ashtondav on Sept 20, 2020 6:10:12 GMT
Ok 10%.
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ashtondav
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Post by ashtondav on Sept 13, 2020 7:30:00 GMT
Your p2p investments will not be secured. Why on earth should they as they are a risk investment like shares.
Should a savings account be opened you will be protected - but you will only earn about 1% interest. That’s what protection costs.
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ashtondav
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Post by ashtondav on Aug 30, 2020 16:02:20 GMT
Well based on performance since Covid/recession ZOPA alone of the big four or five is still lending, still taking on retail investors and still selling if you want out. Notably they also sailed through the 2008/2009 Great Recesion. Low returns though, and many below “expected returns”.
Of the others (and I’m only interested in the top five) AssetzCapital probably comes second in survivability. RS is dead, FC will never regain credibility among retail investors again, isn’t lending, selling or accepting investors. That just leaves the small fry - and they don’t interest me (apart from trivial positions in FS and LW.)
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ashtondav
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Post by ashtondav on Aug 29, 2020 8:49:36 GMT
Hang on the article says 6m£ traded but withdrawals down by £10m. ?
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ashtondav
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Post by ashtondav on Aug 22, 2020 18:00:49 GMT
Anyone got a view at what the discount to sell is likely to settle at is say a months time? I do want to raise some cash but close to 6% loss to do so at present is more than I want to lose I'm hoping the monthly interest run on the 1st September will drive the discount down as the system places multiple buy orders. Like you, I'm looking to sell but 6% is way too high for me. I can't see it remaining at 6% forever because there will come a point when there will be nobody left who is desperate enough to sell at that price. Based on the posts on these boards I think there are more who want to sell than want to buy. I would not expect much lower discounts.
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ashtondav
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Post by ashtondav on Aug 11, 2020 7:23:16 GMT
The sooner p2p rids itself of the deluded dumb money that thought they were getting 4%+ with no risk the better.
Thr risk free instant rate is c1%. So if you’re getting out with an earned rate of 2% you’re doing very very well.
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ashtondav
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Post by ashtondav on Aug 9, 2020 13:51:25 GMT
Interesting. Until you posted that, I’d assumed you treated it as a default and you could only offset it against other p2p income.
Clarification would be welcome (although I’ll be a buyer not a seller).
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ashtondav
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Post by ashtondav on Aug 7, 2020 10:19:54 GMT
Just to let the lenders know. At 5% discount, I’m nibbling...
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ashtondav
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Post by ashtondav on Aug 7, 2020 9:44:05 GMT
I’m assuming that it goes live Monday?
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ashtondav
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Post by ashtondav on Aug 3, 2020 10:15:58 GMT
RS will end p2p by the year end according to Metro. Zopa already funds all its loans initially from its bank. FC totally discredited by its credit policy in 2017 2018, and not taking on new lenders.
Hmm, I reckon Assetz may be the last man standing in the p2p space apart from The large rump of small and niche players.
Good luck Assetz, but can you turn a profit when Z never really managed it after 15 years?
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ashtondav
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Post by ashtondav on Aug 3, 2020 7:14:10 GMT
That’s the trouble with a five year investment. You can only exit early if there’s a buyer.
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ashtondav
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Post by ashtondav on Jul 31, 2020 7:30:05 GMT
Hmmmmm.
sept-dec report should be interesting as furlough will have stopped and true Covid default rates become clear.
we are currently in the quiet before the storm. Although I’m not withdrawing I’m on the sidelines until December - unless I can buy on the SM at a tasty discount.
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