ashtondav
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Post by ashtondav on Mar 9, 2020 18:15:22 GMT
48 pence at today's London close, down 20.7% on the day (and 82.7% over the past year). Just about the only news that has made me smile today. Market down 8% today. No p2p lender in the top 4 has suffered that today. As a p2p lender that made me SMILE.
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ashtondav
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Post by ashtondav on Mar 9, 2020 18:13:42 GMT
Plenty of demand from institutional investors. FC consider retail punters to be a waste of space. 99% of FC lenders have not lost money if they have over £2000 invested. You are extrapolating from a small vocal sample. How can you possibly know this? I doubt you have any basis for this statement that 99% have not lost money. It also depends on the time period and whether or not they have closed out their accounts. I sincerely doubt that many people have made money in the last year looking on a single year basis instead of the "all time" basis. MOreover, until you close out your account and attempt to sell everything a lot of bad debts remain hidden. Actually its 99.5% and its direct from the FC website.
My own account (no withdrawals or sales) shows a return of 2.9% for 2019 (net interest on capital invested). Not brilliant but twice as much as Marcus and NOWHERE NEAR A LOSS.
Sellers, leaving themselves with only late payers and bad debts, will have much lower returns.
Your comments on hidden bad debt apply to any platform without a PF. Er, and that's the nature of p2plending.
What is clear is that many people who should never have invested in this industry have been sucked in by a naive belief they could earn 7% plus with no risk and have instant access. A pipe dream called having your cake and eating it.
Lending to small businesses is HIGH RISK.
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ashtondav
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Post by ashtondav on Mar 9, 2020 12:45:01 GMT
Bl**dy hell! ZOPA is shrinking fast.
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ashtondav
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Post by ashtondav on Mar 9, 2020 10:40:06 GMT
Why? I think many here are thinking their poor experience as a lender means the business is doomed. Viewed from a customer perspective (the borrower) they are delighted! FC is not losing money because of bad debt, you are. FC is losing money because it is spending so much on advertising and admin. I will defer judgement until the results. As lenders lose money, old and new lenders refrain from placing new funds into FC. No new funds = no liquidity to lend to whatever class of borrowers = No turnover = failed business. Plenty of demand from institutional investors. FC consider retail punters to be a waste of space. 99% of FC lenders have not lost money if they have over £2000 invested. You are extrapolating from a small vocal sample.
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ashtondav
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Post by ashtondav on Mar 9, 2020 8:45:19 GMT
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ashtondav
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Post by ashtondav on Mar 9, 2020 8:35:02 GMT
Share price should halve in the coming weeks. I predict 35-40p by the end of April Why? I think many here are thinking their poor experience as a lender means the business is doomed. Viewed from a customer perspective (the borrower) they are delighted! FC is not losing money because of bad debt, you are. FC is losing money because it is spending so much on advertising and admin. I will defer judgement until the results.
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ashtondav
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Post by ashtondav on Mar 8, 2020 11:35:56 GMT
I think it may be more of a fence than a wall of ISA money this year!
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ashtondav
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Post by ashtondav on Mar 8, 2020 11:23:31 GMT
Yes, primarily extra liquidity. I want to jump fast if I see the need to jump. Close eye on the PF. VERY close indeed. Don’t want another LendingWorks in my p2p portfolio.
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ashtondav
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Post by ashtondav on Mar 7, 2020 22:49:40 GMT
Sold out of 5 year and put it all on access at 4.9%
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ashtondav
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RateSetter (RS)
PF
Mar 6, 2020 16:46:53 GMT
jlend likes this
Post by ashtondav on Mar 6, 2020 16:46:53 GMT
On the contrary, RS have been stating proximity of profitability and are well financed.
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ashtondav
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Post by ashtondav on Mar 6, 2020 8:15:06 GMT
Possible wall of money building up for next month's new ISA season?
One thing's for certain and that is we will be deluged with low rates as the dumb money floods into ISAs next month. Helps RS though.
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ashtondav
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RateSetter (RS)
PF
Mar 5, 2020 14:51:20 GMT
Post by ashtondav on Mar 5, 2020 14:51:20 GMT
But Access is the nearest P2P equivalent of an instant access account! Precisely - and at the 7.1% I have it is unbeatable. But the other instant access accounts - eg AC QAA - seem a bit more secure at the moment, and the Q is whether the extra 3% interest is worth it for now. Does anyone know, if there is a haircut at RS, is it published anywhere how they would do it? Do they just cut interest rates across the board, or is there some sort of lock in or haircut of capital if you exit early? Why do you consider AC accounts to be more secure than RS. Because the loans are asset backed?
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ashtondav
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Post by ashtondav on Mar 5, 2020 14:46:42 GMT
I've just calculated my current combined Assetz Capital return on a five figure sum across the GBBA and Green accounts as....wait for it.... 0.017% can any others beat that?! At least you didn't lose your capital unlike some of the poor folk on funding circle. 99.5% of FC lenders with more than 2k invested have positive returns. The 1.5% club over on the FC forum are a vocal minority.
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ashtondav
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Post by ashtondav on Mar 5, 2020 9:08:53 GMT
So about a year to sell out assuming current demand and selling levels?
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ashtondav
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Post by ashtondav on Mar 4, 2020 18:19:13 GMT
Nah. ZOPA FC AC RS The others are like buying dodgy dollars. Most of the lenders on FC who lost money were those who froze relending sold up and were left with only bad debt. I have not lost any money on crowdproperty or lendinvest so far. Can you say the same for fc and zopa ? AC access accounts head and shoulders above others IMO. CP and LI way too small for comfort and a short track record to boot.
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