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Post by Financial Thing on Nov 23, 2015 14:19:16 GMT
I think everyone knows the picture now.... Perhaps time for a little patience and self-restraint, until something changes for the better? Wot? Patience. We're investors. Everything must be done immediately
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Post by Financial Thing on Nov 23, 2015 13:41:00 GMT
I particularly love hate how it doesn't show how much I have invested in a loan when I click on it to invest. savingstream You should fire your web programmer, rookie mistake for the site not to be able to handle the traffic / requests. Even Facebook got this right.
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Post by Financial Thing on Nov 23, 2015 13:37:47 GMT
It's a huge step back for mankind
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Post by Financial Thing on Nov 23, 2015 13:12:59 GMT
Well I've truly come to the realization that the new website is a complete failure so far. So disappointing, the old site actually was faster than the new one.
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Post by Financial Thing on Nov 21, 2015 21:18:29 GMT
Poland Georgia and Denmark do not use the Euro so Twino take the currency risk when repaying these loans to investors. thanks.
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Post by Financial Thing on Nov 21, 2015 19:07:29 GMT
twino On the front page of Twino it advertises No Currency Risk but doesn't explain how. Anyone know what this means?
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Post by Financial Thing on Nov 21, 2015 16:50:09 GMT
... am doing well farming the cash back at 2% (and the 4% discount!). what is this 4% discount you speak of?
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Post by Financial Thing on Nov 21, 2015 16:46:13 GMT
p2pmoney's calculator does a somewhat better job, although I would be happier if I could put in bad debt assumptions explicitly rather than as a multiple of what the platforms report. www.p2pmoney.co.uk/compare/lend.htmHmm Seemed like I get mostly N/A's here. The numbers that do show up are still very sobering.
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Post by Financial Thing on Nov 20, 2015 23:35:17 GMT
I read an article today which showed the after tax returns of P2P. Quite sobering. link
Advertised interest rate | After 20% (basic) tax rate | After 40% (higher) tax rate |
| 4% | 3.2% | 2.4% |
| 8.6% | 6.08% | 3.9% |
| 11.39%
| 8.31% | 2.9% |
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Seems like not being to offset default losses is somewhat hurtful. Not sure if these numbers are accurate, but interesting none the less.
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Post by Financial Thing on Nov 20, 2015 14:55:31 GMT
Since all the old loans are under the old structure, I'm not sure what difference diversifying makes. I agree that the SM is useless for buying, especially on the new site (poor functionality). For the newer investor, being able to buy older loans if they are moved into the new structure would be very beneficial. Also the pre-funding, you never know how much you are going to be allocated, especially on the smaller loans. Well I'm clearly guessing well then as I've ended up within 25% of what I was hoping for on the last 6 pre-funded loans. With those I've received a bit more than I needed, it's taken about 30 seconds to trim back my allocation via the SM. As to the reasons for diversification across multiple SS loans, I refer you to one of several similar discussions on this board. Is there a formula for pre-funding Steve? Or somewhere that shows this? Last loan I received 30% of requested allocation.
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Post by Financial Thing on Nov 20, 2015 14:53:09 GMT
I saw it in the last day or so - just after the new site launch, I think. They've remove the column since. So much for transparency. I hope they bring this column back.
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Post by Financial Thing on Nov 20, 2015 14:10:50 GMT
Not a criticism of you, goldservice (as you say SS is serving you well), but this does represent the rose-tinted glasses that seem to be being worn for SS at the moment. Deals on SS look to me to be virtually non-existent (at least as a proportion of funds waiting to invest in them); at the time I bailed out of SS I reckoned that the amount of time one could actually invest money in SS amounted to less than half an hour per month, and even if you happened to be around during one of the tiny windows between a new loan appearing and it being gobbled up, it was pot luck if the website actually let you in. The likelihood of logging in at one's convenience and being able to invest were essentially zero. For someone with a life outside of P2P, that's not a model that works for me. Ironically, I see that users on the SS board are now complaining about unsporting use of bots, plus ca change. Have you studied how the SS pre-funding process now works? I don't pay the SM any attention at all these days (other than to sell down loans I wish to diversify out of), simply setting target investments on the pending loans. Couldn't be simpler. Since all the old loans are under the old structure, I'm not sure what difference diversifying makes. I agree that the SM is useless for buying, especially on the new site (poor functionality). For the newer investor, being able to buy older loans if they are moved into the new structure would be very beneficial. Also the pre-funding, you never know how much you are going to be allocated, especially on the smaller loans.
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Post by Financial Thing on Nov 20, 2015 14:06:46 GMT
On the new site, I once saw each loan listed whether it was under the old structure or new. It now seems to have escaped my eyes. Anyone else noticed this? Pretty sure it was on the old site - it has been mentioned by someone just after the new site went live that this doesn't seem to have been carried through. It was on the new site somewhere as I thought it was a nice addition when I saw it. Can't find it now though.
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Post by Financial Thing on Nov 20, 2015 13:32:48 GMT
...moved it to SS - having looked at AC and ReBS first but rejected them as having too few deals. Ironically, I see that users on the SS board are now complaining about unsporting use of bots, Can you post a link to such a discussion? Would be interested to read.
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Post by Financial Thing on Nov 20, 2015 13:27:25 GMT
On the new site, I once saw each loan listed whether it was under the old structure or new. It now seems to have escaped my eyes. Anyone else noticed this?
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