ashtondav
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Post by ashtondav on Dec 29, 2019 23:48:13 GMT
PB, lucky to get 1.4% - and that’s with 50k invested. Fun though and you get a “free” lottery ticket.
Got to be better than Funding SECURE - the biggest oxy bloody moron in history.
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ashtondav
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Post by ashtondav on Dec 29, 2019 23:45:35 GMT
Try FC they lend squillions to cr@p. Their credit control guys make muppets look like sentient beings...
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ashtondav
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Post by ashtondav on Dec 27, 2019 15:05:54 GMT
But it was never advertised as instant access, so of course you incur a fee if you make an early withdrawal (sale). There are no fees for simply withdrawing your interest and capital repayments.
There must be some real heavy hitting Lucksters in Plus to achieve their average. My wife is achieving 2.6% on her Plus a/c.
As you say those lucky millions must be shy cos they don't post on here....
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ashtondav
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RateSetter (RS)
Max rate
Dec 27, 2019 15:01:55 GMT
Post by ashtondav on Dec 27, 2019 15:01:55 GMT
If you edited the reinvestment option to 5.2% and it could not be lent out at 5%. Either it was lent milliseconds before your edit or you didn't go through the whole of the tedious editing/confirming process. Have you checked that reinvestment is now at 5.2%.
Either way RS CS resonse was patheticly unhelpful.
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ashtondav
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Post by ashtondav on Dec 27, 2019 14:57:45 GMT
They dont want retail investors anymore. They are expensive to service, are fickle, and often unaware of p2p risks. Increasingly p2p will be dominated by funds that appreciate its diversification from equity type returns.
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ashtondav
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Post by ashtondav on Dec 24, 2019 10:35:52 GMT
Yes, it is a weird way to calculate loan cover because the main risk is precisely that the developer does not develop - in which case the plot is worth poo.
The trick is only lend to proven, long term developers - not difficult but beyond the credit checkers at FC.
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ashtondav
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Post by ashtondav on Dec 24, 2019 9:42:38 GMT
Hitting new lows this week 86.80 GBX −3.20 (3.56%) That's down 65% since the thread was started and down around 80% from peak !!! Nothing to see here, move along. FC has a book value of 108p per share. You could buy the company, liquidate it and make a 24% profit.
Analysts that cover it value it at over 300p per share.
At this level if you bung a grand in you could lose a grand or make 2 grand, so maybe worth a punt. Very few companies trade below book value.
Now if you ask those poor folks trying to flog their cr@p cohort loans, they would say its worth slightly less than a half eaten Mars bar.
And that's what makes a market.
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ashtondav
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Post by ashtondav on Dec 24, 2019 0:36:46 GMT
Q. Why become a bank?
A. Because with the best will in the world, and after 14 years, you’ve shown this p2p model suits the dustbin rather than stock market flotation.
Simples.
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ashtondav
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Post by ashtondav on Dec 23, 2019 23:46:05 GMT
Zopa’s estimated returns verge on the unbelievable. In fact they verge on fiction. A complete and utter farcical fabrication, at least for me and the wife. Of course other lenders may be achieving 10% to average projected returns. Plausible? Please let me know. I’m sure they calculate their returns honestly but does anyone here achieve them anymore?
Mrs Ashtondav is achieving 2.6% in plus. Worse than F@cking Cr@p
Why would anyone invest with Z when you can invest in RS and get a PF and you can invest in AC and get asset security PLUS a PF.
Beggars belief. And this from a punter who’s been with them from 2005, with early adopter bonus and share options.
The sole reason for betting (and it is a gamble) on Z is platform diversification. The sooner they become a bank and get out of this mess the better.
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ashtondav
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Post by ashtondav on Dec 23, 2019 11:45:39 GMT
Yep, thats it! I'll leave it switched off as i would be getting too many emails.
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ashtondav
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Post by ashtondav on Dec 23, 2019 11:38:40 GMT
Hmmm, very strange. When i looked at my account it showed exactly the same on offer on access as on max. Must have been some kind of system error and one of those offers (presumably plus) did not in fact exist!
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ashtondav
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Post by ashtondav on Dec 22, 2019 18:40:48 GMT
Interesting that RS rates are so much both reduced compared to last years entries 2019 Nov 2019 previous month -17% and last years month -21% (Volume was 62,8M euros). 2018 Nov 2018 previous month -3% and last years month 23% (volume was 76,1M euros) That's quite a leap and I wonder if it's something to do with the recent rate changes at RS perhaps. Find it hard to see how Zopa still lends more than RS. For all RS' failings, and there are many, they are still infinitely better than Zopa. At least there is a provision fund with RS that has at least paid out to date. With Zopa over the years the rates have fallen while the level of protection offered to investors has also increased. Zopa are trading solely on their “size and safety” factor. Why put money into Z, when you can get a PF at RS. Similarly why would you put money into RS when you can get secured loans AND a PF at AC. It all comes down to platform confidence and platform diversification. Big Z are seriously underperforming for my wife who is achieving 2.6% in plus - she’s getting better than that at Flippin’ Clueless.
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ashtondav
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Post by ashtondav on Dec 22, 2019 18:29:08 GMT
Yep moved a good wedge at 4.4%. Not a nibble at 5.2% in max, though.
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ashtondav
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Post by ashtondav on Dec 22, 2019 16:24:52 GMT
I get matched emails for all markets except 5 year - where you stand as much chance of matching as Clarkson snogging Greta T..
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ashtondav
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Post by ashtondav on Dec 22, 2019 16:21:50 GMT
Like most of us I don't doubt I am looking at a <50% loss on my zombie loan book. Very true the last few have come good but these were the minority that were basically sound and just needed a nudge to pay-up. This is in sharp contrast to numerous others which ,for whatever reason, don't have a bat's chance in hell of being anything other than a complete disaster - speedboat(s), art loan, Formby, Lytham St Annes etc etc What is the FS spin going to be - we won the business argument but lost the client's money! Typo? I think >50% is probably about right. Luckily FS was 0.05% of my total portfolio.
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