ashtondav
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RateSetter (RS)
PF
Mar 4, 2020 13:43:27 GMT
Post by ashtondav on Mar 4, 2020 13:43:27 GMT
my email update says I have been paid c£1,000 since dec 9th, 3 months. My total with RS is about £37k at about 5% average. £330 a month seems an awful lot from the PF! Interesting mine says I've been paid £0 from the PF, same for my wife. Which implies it is one or two big loans i was carrying.
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ashtondav
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Post by ashtondav on Mar 4, 2020 13:00:20 GMT
When I sold out it took 7 days for funds to reach my bank.
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ashtondav
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RateSetter (RS)
PF
Mar 4, 2020 11:02:07 GMT
cb25 likes this
Post by ashtondav on Mar 4, 2020 11:02:07 GMT
my email update says I have been paid c£1,000 since dec 9th, 3 months. My total with RS is about £37k at about 5% average.
£330 a month seems an awful lot from the PF!
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ashtondav
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Post by ashtondav on Mar 4, 2020 9:40:35 GMT
Fewer lenders selling.
Am i right in thinking most are selling 4 or 5% a month and that a full sell is taking about 2 years?
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ashtondav
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Post by ashtondav on Mar 3, 2020 21:52:06 GMT
Which do you consider to be the top 4? Ratesetter Assetz Crowdproperty Lendinvest And possibly loanpad.... Everything else is far riskier 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.
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ashtondav
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Post by ashtondav on Mar 3, 2020 17:03:05 GMT
with p2p its sometimes worth bearing in mind that Return Of Capital is more important than Return On Capital.... That is true but very few people in the top 4 p2p sites who have continued to reinvest their interest and capital have lost capital. The ones most damaged are those who didn't understand the risks of p2p and jumped ship leaving them with a rump of bad debts and late payers. Thats why i think the AC access accounts are so good (SO FAR!).
Outside of the top 4 it's an altogether riskier proposition.
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ashtondav
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Post by ashtondav on Mar 3, 2020 8:19:24 GMT
Yep, making great returns in Qaa, 30d and 90d accounts. Why would I use anything else?
i thought the GBBA accounts were flawed due to diversification problems making them uninvestible.
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ashtondav
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Post by ashtondav on Mar 1, 2020 9:47:57 GMT
Yesterday got a massive wedge hoovered up in access at 4.9%
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ashtondav
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Post by ashtondav on Feb 29, 2020 14:15:09 GMT
Of course once you start withdrawing performance declines further until finally you are left with just the defaults and lates.
wonder what the return is for those who have stayed invested and reinvested interest and capital. I’d guess it’s higher than 2.8%. Even my wife who is getting 2.8% on plus is averaging 3.5%.
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ashtondav
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Post by ashtondav on Feb 29, 2020 14:11:06 GMT
4.6% snaffled up. Will I get to 4.9.?
And don’t worry about WuFlu. Most people who get it experience - flu. Most people who die are over 65 and not working and borrowing anyway. Besides we survived SARS, Ebola, Bird flu and many others.
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ashtondav
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Post by ashtondav on Feb 29, 2020 7:53:13 GMT
4.5% snaffled yesterday. Got a wedge at 4.9 and 4.6 so fingers crossed. It’s outrageous that the uninformed are invested at 3%, but I guess it helps us!
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ashtondav
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Post by ashtondav on Feb 28, 2020 13:21:10 GMT
Received 1 at 13:31
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ashtondav
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Funding Circle (FC)
Black Swan
Feb 28, 2020 12:53:51 GMT
Post by ashtondav on Feb 28, 2020 12:53:51 GMT
At least it provides respite from the 1.5% club over on the “selling loans” thread.
But yes there will be a recession, bad debt will increase and people will lose money - that’s what happens in recessions. Will you lose as much as your equity portfolio? No. Will you lose more than your BS deposit a/c? Yes.
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ashtondav
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Post by ashtondav on Feb 28, 2020 7:50:21 GMT
Well the alternative is the FC model where you’re stuck in their system even after death. See the members of the tedious 1.5% club posting their sorry tales on the FC “selling loans “ thread to understand just how lucky you are!
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ashtondav
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Post by ashtondav on Feb 20, 2020 15:08:49 GMT
Well he will have got experience of “streamlining the underwriting process” from Others at FS. The FS process was very fast indeed. Just very, very bad - especially for powerboats and art.
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