sharetrader
Page 58 of 58 FirstFirst ... 8485455565758
Results 1,141 to 1,160 of 1160
  1. #1141
    Member
    Join Date
    Mar 2006
    Location
    It varies
    Posts
    201

    Default

    I agree with Joker in as much that it has been immposible to invest for the last year or so. However, just lately I have managed to secure 10 or so loans. I have spent a bit more time on the site but at the same time there does seem to be a lot more loans available. The future returns for the unsecured loans will be of interest I'm sure and I am being a little selective with them in the meantime.
    And Saamee, same feelings, and now I have a bit more time I will be trying to reinvest at least all the funds withdrawn over the last 18 months.

  2. #1142
    Member
    Join Date
    Jul 2015
    Posts
    33

    Default

    The situation is different now. Many more loans available now. The addition of unsecured loans has certainly helped but doses not account for all of the increase; there are six loans listed as I type this. Maybe increased marketing.

  3. #1143
    Member
    Join Date
    Jul 2015
    Posts
    33

    Default

    Update: there are currently eight loans listed.

  4. #1144
    Member
    Join Date
    Sep 2019
    Posts
    44

    Default

    Yes, it's quite amazing. The addition of unsecured loans certainly does not explain the whole increase. Maybe it's a pre-Xmas phenomenon? I can't remember what it was like this time last year.
    Attachment 12139

  5. #1145
    Member Tony Two Gloves's Avatar
    Join Date
    Feb 2011
    Location
    Auckland
    Posts
    296

    Default

    Quote Originally Posted by Saamee View Post
    Not to keen personally to Invest in Unsecured Loans.......
    Yeah I would be careful here, the cynic in me says Finance Direct will gobble up all the good secured loans and feed the riskier unsecured ones out to investors. This is a very small operation and not a lot of loans to go around which is why investors will always be behind the Parent.

    I'm still concerned this entity is not making any money, six month to Sept 20 $4k Loss -full year to March 20 $1K profit, Lending Crowd only made $62K for the last two years. They have to change something as they are finding out like Harmoney that this business model does not work - innovate or die! I will not be re investing here or buying shares in harmoney

  6. #1146
    Junior Member
    Join Date
    Jul 2017
    Posts
    16

    Default

    Hey Tony, where did you get the data re profit amounts of Finance Direct and Lending Crowd?

    If these figures are to go by they'll be making less money then some of the investors on their platform.

  7. #1147
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    772

  8. #1148
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    772

    Default

    This week has got busier and busier with new loans...

    That is positive to see.

  9. #1149
    Member
    Join Date
    May 2016
    Posts
    235

    Default

    Quote Originally Posted by Saamee View Post
    This week has got busier and busier with new loans...

    That is positive to see.
    it's so much easier to get loans these days. But why no write-offs or arrears? Seems too clean?

  10. #1150
    Member
    Join Date
    Sep 2019
    Posts
    44

    Default

    Quote Originally Posted by RMJH View Post
    it's so much easier to get loans these days. But why no write-offs or arrears? Seems too clean?
    I agree it seems a lot cleaner than Harmoney.
    However, I do have some arrears (7 loans out of 261 active, so small %). One is 42 days overdue and has never paid anything yet so could well be my first write-off.
    OTOH, Harmoney is a shocker, and their closing to new investment might have been a blessing in disguise for me, $1,000 written off in the past year (since they stopped any new peer-to-peer), it's getting to the point where I'll be lucky to get all my original investment back.

  11. #1151
    Guru
    Join Date
    Aug 2012
    Posts
    2,845

    Default

    Quote Originally Posted by Toukshare View Post
    I agree it seems a lot cleaner than Harmoney.
    However, I do have some arrears (7 loans out of 261 active, so small %). One is 42 days overdue and has never paid anything yet so could well be my first write-off.
    OTOH, Harmoney is a shocker, and their closing to new investment might have been a blessing in disguise for me, $1,000 written off in the past year (since they stopped any new peer-to-peer), it's getting to the point where I'll be lucky to get all my original investment back.
    Harmoney was mostly unsecured loans compared with Lending Crowd? Didn’t Harmoney change how they managed debt collection - maybe that was not successful.

    How did Lending Crowd manage their Covid response? Perhaps they gave longer grace periods than Harmoney did and bad debts have yet to kick in.

    Has Squirrel’s reserve fund taken a hit during Covid?

  12. #1152
    Junior Member
    Join Date
    Jan 2020
    Location
    Auckland
    Posts
    5

    Default

    Quote Originally Posted by Bjauck View Post

    Has Squirrel’s reserve fund taken a hit during Covid?
    Hi Bjauck, I look after Squirrels P2P business. I can confirm that the Squirrel personal loan reserve fund actually increased over the last 12months. At 1/4/20 the balance was ~$506k. At 31/3/21, the balance is $580k. The coverage ratio is in excess of 4.00%. These stats are published daily on our website. All our investors continue to earn the returns we've stated on the tin. Happy to take any further questions.

  13. #1153
    Member Tony Two Gloves's Avatar
    Join Date
    Feb 2011
    Location
    Auckland
    Posts
    296

    Default

    Quote Originally Posted by DT@squirrel.co.nz View Post
    Hi Bjauck, I look after Squirrels P2P business. I can confirm that the Squirrel personal loan reserve fund actually increased over the last 12months. At 1/4/20 the balance was ~$506k. At 31/3/21, the balance is $580k. The coverage ratio is in excess of 4.00%. These stats are published daily on our website. All our investors continue to earn the returns we've stated on the tin. Happy to take any further questions.
    I have been quite critical of these PTP companies espically Harmoney & The Lending Crowd but I do like Squirrel, best of a bad bunch - sorry DT! I just believe there are much better investmnents around these days than funds in a P2P lender. I can't be bothered to check out if Squirell is making money or not but the other two aren't so not sure why they persist, its not as if TLC team are paying themselves well either so I'm convinced it is just a bad business model apart from shifting the risk to investors.

  14. #1154
    Member
    Join Date
    Mar 2006
    Location
    It varies
    Posts
    201

    Default

    The last few posts here indicate investors are not having any trouble securing loans now as has been the case early days. I have had no trouble reinvesting and being selective, ie. no unsecured loans. However I have noticed a considerable increase in loan amounts and a big percentage being for debt. consolidation. I try to avoid them and pick others such as vehicle purchase, house renovations etc. Anyone else concerned about the increasing number of these debt. loans ?. I mast add that I have not had any write offs now for a long time. (Should not have said that)
    Soolaimon

  15. #1155
    Member
    Join Date
    Sep 2019
    Posts
    44

    Default

    Quote Originally Posted by Soolaimon View Post
    The last few posts here indicate investors are not having any trouble securing loans now as has been the case early days. I have had no trouble reinvesting and being selective, ie. no unsecured loans. However I have noticed a considerable increase in loan amounts and a big percentage being for debt. consolidation. I try to avoid them and pick others such as vehicle purchase, house renovations etc. Anyone else concerned about the increasing number of these debt. loans ?. I mast add that I have not had any write offs now for a long time. (Should not have said that)
    I have witnessed the same things as you. More loans (in part due to now having unsecured loans), which gives us more choice as to what we pick and what we ignore.
    I am also uneasy about debt consolidation loans that are for a big amount (for me anything over $40,000). But there are enough of other types to keep me fully invested.
    I haven't had issues with unsecured loans yet (to be honest, if the security is a car, then AFAIK, it might as well be unsecured).
    2 years with LC, and one write-off.
    (2 years with HM and 11 write-offs)

  16. #1156
    Member
    Join Date
    Mar 2006
    Location
    It varies
    Posts
    201

    Default

    I have been in for 5 years and had 5 write offs totaling $218. Invested in 946 loans of which 646 have been paid off. I am happy enough with that amount of write offs but some of those early paybacks don't help us much and cause extra time reinvesting. Happy at the moment and their recent email re their performance in first 5 years was reasonably encouraging.
    Soolaimon

  17. #1157
    Guru
    Join Date
    Aug 2012
    Posts
    2,845

    Default

    Quote Originally Posted by Tony Two Gloves View Post
    I have been quite critical of these PTP companies espically Harmoney & The Lending Crowd but I do like Squirrel, best of a bad bunch - sorry DT! I just believe there are much better investmnents around these days than funds in a P2P lender. ....
    In an environment in which Treasury and the Reserve Bank are forecasting zero growth in house prices, from an investor's point of view, which investments do you currently think are better than investing through the platforms operated by Squirrel and Lending Crowd? What do you think their risk/reward profiles are?
    Last edited by Bjauck; 02-06-2021 at 08:16 AM.

  18. #1158
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    772

    Default

    Quote Originally Posted by Bjauck View Post
    In an environment in which Treasury and the Reserve Bank are forecasting zero growth in house prices, from an investor's point of view, which investments do you currently think are better than investing through the platforms operated by Squirrel and Lending Crowd? What do you think their risk/reward profiles are?
    I am now ACTIVELY Removing all Returned Funds from Lending Crowd and Harmoney...

    Why?

    Absolutely nothing wrong with either P2P platform.

    However 'My Own Crystal Ball' tells me that with rising Inflation and a Falling LC RAR ( reflecting the lowered platform Interest Rates ) that when my RAR in 4 months time reaches 10%.... Tax @ 33% equates to just a 6.7% return.

    Well REAL Inflation will be around 6.7% by the years end ( although the government may not admit that! )

    So all net proceeds are being turned into 'Allocated Gold and Silver'.....

    Wealth preservation in a period of high inflationary times ahead.

    Just Sold my NZ house too at what I consider is 'The Peak'...... waiting for the Stock Market crash, and then in turn the World housing market crash.....

  19. #1159
    Guru
    Join Date
    Aug 2012
    Posts
    2,845

    Default

    It sounds high risk to transfer all your investments to metals. With your NZ house sold and net proceeds transferred to precious metals, it begs the question as to how you will pay for accommodation, unless you live with family or your salary can now stretch to cover the accommodation your house provided.

    The CPI has been an understatement of inflation for decades - as afaik non-consumer items such as house prices and land prices have largely been excluded. The taxation system in relation fixed interest investments in inflationary times certainly acts as a disincentive to hold such investments.
    Last edited by Bjauck; 02-06-2021 at 07:43 PM.

  20. #1160
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    772

    Default

    OK well it's time for my 5.5 Years Investment Update on Lending Crowd....


    Been in with LC since their very 1st loan which was issued on 21st December 2015.



    Loan Early Repayments = 65.9%


    Platform RAR = 12.07%


    # of Loans = TOTAL = 2,108 \ ACTIVE = 718


    Arrears = CURRENTLY x 2


    This is now the Only P2P Platform I have active investments in, I find that it is the easiest, most straight forward and user friendly to use.


    LC have grown with me as I have grown with LC.


    Everyone investing in P2P is here for the same reason - to increase our earnings.


    I am just keeping an eye on inflation, as my RAR comes down ( expected to hit 10% in a few months time ), @ 33% Tax, when Inflation gets to 6.7% the returns will not be making any money!!


    Happy P2P trading
    Attached Images Attached Images
    Last edited by Saamee; 12-06-2021 at 02:31 PM.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •