ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Feb 9, 2019 13:51:09 GMT
AC was notorious for underdiversifying investors. You could easily have your whole investment put into 3 loans. And 2 of them could go belly up. I’ll leave it to the poster to give his reason.
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Feb 5, 2019 10:32:09 GMT
my 18 dec wedge was all gone by last week.
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Feb 5, 2019 10:28:56 GMT
my RS strategy is very simple. i put money on at between 6.1% & 6.5%. at the end of each month if its not gone it is withdrawn and goes on LW. i will accept lower rates on RS because of platform credibility - but not too low!
I don't see how this change affects us who choose to set their lending rates.
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 31, 2019 9:53:44 GMT
Interesting. I consider the RS PF as being one of the few statistical bellweather forward indicators for p20p bad debt. I too will start selling on various sites at 115% and attempt bail out if 110% is approached for a few weeks...
regardless of use it is a very good indicator and I can’t think of a better one for p2p consumer debt defaults - except official figures of course.
RS conspicuous failure to achieve coverage rates toward the higher end of their target is also interesting. From the stats in the coverage thread 125%ish is the best we can hope for - and that in a full employment economy!
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 30, 2019 17:44:57 GMT
Based on the high levels of personal insolvencies (the highest in seven years) I bet the coverage will go dooooooooooooown...
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 30, 2019 9:43:16 GMT
is hovering around 120% coverage at the moment according to the coverage thread on this board. Last summer it hovered around 125%. As far as I know it has never, in the last few years, hovered around the upper target of 150%.
so at what level of coverage would you start to sell up? I’m thinking 110%. Anymore for anymore - or any less?
i guess the problem will be that there won’t be any takers when I wish to transfer my loans. Or I could use it as a signal to quit my AC Quick Access Account...
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 30, 2019 8:37:49 GMT
... both individual and corporate insolvencies are at a seven year peak. Will the brown stuff hit the fan at p2p land? Already returns look very bad at Zopa.
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 30, 2019 8:34:58 GMT
What I don’t understand is how the returns on Ratesetter are so much higher. Better management, credit rating, debt collection? Or a smoke and mirrors provision fund. Either way it doesn’t compute.
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 29, 2019 16:23:05 GMT
18 December. Still waiting...
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 29, 2019 7:40:24 GMT
Oh my days im soooo happy i got out of F/C a year and a half ago they are so now and i only have less than £200 defaulted with them. I am i in A/C now who were really great but not so much now so mooove on. But where to, buddy? Very soon you’re so far down the p2p food chain that you’re in danger of platform collapse.
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 29, 2019 7:38:36 GMT
Can anyone suggest P2P sites that pay dividends rather than interest please? Not sure I understanfpd you. Only companies pay dividends. If you want dividends instead of interest you can buy shares in FC, buy p2p investment trusts like p2p global, FC etc.
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 28, 2019 14:55:00 GMT
Yes, January's ISA figures are looking as if they'll be my worst ever month since June 2017. Earnings £132, defaults £100. Four days to go though, so here's hoping. I do find the % of income actually received each month as a useful and quick-to-calculate figure which gives a snapshot of what's happening in my portfolio. As I say in my first post, it was 72% last year.
Same here for January. £25,000 invested, net interest -£10.50. Admittedly as i haven't been putting Money into Z for at least 2 years i'm now left with underperforming loans and defaults, but Compare and contrast with RS where i've now got £41,000 and latest monthly interest approaching £240.
As for the wife. She had £17,000 invested in January 2018, been reinvesting every month nad has earned about £515 in interest, mainly in core - a startling 3%.
I'll hang on and wait til i get the 2018/2019 tax statement for more analysis, as i'll only get hot under the collar while withdrawing repayments as fast as possible. From both accounts, now!
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 26, 2019 18:07:16 GMT
Iirc Zopa say 97% of their investors achieve stated rates. Seems like the other 3% hang out here Just for balance on my £25,000 I got £143 in December after bad debt and with 1% founder member bonus - about right. However I’ve not put any new money in for 2 years so I’ve avoided some of the dodgier loans. I’m withdrawing repayments and investing in RS, AC and LW, all at higher rates and with provision funds. Cant see the point in adding new money to big Z unless they offer 6% with a PF and that ain’t gonna happen because their market leadership makes their investor base rate insensitive, presumably because risk of platform collapse is less.
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 26, 2019 18:02:12 GMT
I have run down my P2P holdings for a while now and apart from some money held in Zopa under the safeguard at 5% and a few loans on AC I cant sell I am out now. My main decision was I can earn 2% on a one year bank desposit vs the 5% I earn in P2P (low risk end of P2P). In my opinion the extra 3% per year isnt worth the risk at the moment. It has certainly been profitable for me over the years, I might return in a couple of years after I see how P2P weathers the financial storm that seems to be coming on the horizon. Trouble is 2% loses you money after inflation. GUARANTEED. i feel quite confident that RS, AC and LW - for example - will deliver more than 2% over the next five years, on average. Also I’ve made 6%+ in p2p over the last 5 years when BS rates were more like 1%. Therefore over a 10 year cycle I expect p2p to thrash BS rates - even if we do so see one or two years where defaults cause achieved rates to slip to 1% or 2%. Just can’t see the point of leaving.
|
|
ashtondav
Member of DD Central
Posts: 1,812
Likes: 1,088
|
Post by ashtondav on Jan 22, 2019 2:51:58 GMT
I stand corrected. IIRC it was kept off the No1 spot by the legendary song, “shadupayerface” - probably got the spelling wrong...
|
|