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OK well it's time for my 36 Month Investment Update on Lending Crowd....
Been in with LC since their very 1st loan which was issued on 21st December 2015.
Write Off Losses = TWO
Loan Early Repayments = 56.4%
Platform RAR = 13.41%
# of Loan = TOTAL = 920 ACTIVE = 401
Arrears = CURRENTLY 5 OR 6 ( 1.89% )
Out of the 3 x Platforms I do \ have actively invested in, for me this 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.
For me my initial aim in P2P was to earn in interest per week, Quadruple what the NZ pension currently is. This milestone has now been reached.
Happy P2P trading
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Last edited by Bjauck; 15-12-2018 at 08:21 AM.
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Member
Originally Posted by Bjauck
Have you got an unauthorised auto-invest facility or Can you respond as soon as you get an email loan notification? It certainly seems to me that most loans disappear almost immediately. Daily activities mean that I cannot respond immediately. For me I think that is a big disadvantage in what is otherwise a good platform. Funds are just accumulating in the non interest bearing account.
Hey Sammee, I don't expect you'll answer this as the trouble with answering is you either get yourself into trouble or everyone copies you and you miss out on the loans altogether but what I would be keen to know (that's not top secret info) is how much per loan you invest and how many days overdue do your loans have to be before you class them as arrears?
Last edited by joker; 15-12-2018 at 10:35 AM.
Reason: Added question
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Originally Posted by joker
Hey Sammee, I don't expect you'll answer this as the trouble with answering is you either get yourself into trouble or everyone copies you and you miss out on the loans altogether but what I would be keen to know (that's not top secret info) is how much per loan you invest and how many days overdue do your loans have to be before you class them as arrears?
@joker >>
No I do not!
I used to use pennypickers - but as you know that all stopped 6 something months ago.
I am retired so instant access to a Laptop or Mobile is always present.
You should see me driving when an Email alert goes off > Pull over and login on Mobile....
Sometimes I get in to a loan and sometimes I miss out!
However have managed to stay Fully invested with all Funds @ LC
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Member
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@soolaimon
Good to hear from you and view you wrap too.
We all utilize different strategies for our P2P trading > None of them right or wrong > just right for each of us individually.
What is apparent is that we have to be ready to constantly change our preferred strategy often!
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Junior Member
I'm surprised there have been no comments here about either the LC referral loans with increased flex fee; or the sudden increase in loan availability over last few days. Increased flow good for us?
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Member
While reading the email from LC today I realized that LC themselves also invest in the loans published on the LC website. So the reason why it's almost impossible to invest in smaller loans it's probably because LC probably fill 90% of the loan before it's made available to retail investors.
So LC's parent company, Finance Direct, is looking to raise capital from LC investors at 6.75% per anum and then Finance Direct will use that money to invest in LC loans at 10-12%. It's a smart business model.
Last edited by icyfire; 17-12-2018 at 11:27 PM.
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Member
Originally Posted by icyfire
While reading the email from LC today I realized that LC themselves also invest in the loans published on the LC website. So the reason why it's almost impossible to invest in smaller loans it's probably because LC probably fill 90% of the loan before it's made available to retail investors.
So LC's parent company, Finance Direct, is looking to raise capital from LC investors at 6.75% per anum and then Finance Direct will use that money to invest in LC loans at 10-12%. It's a smart business model.
That would be one explanation why banning auto trading made no difference. Do we have any comfort that they don't cherry pick? I can't see the merit in lending to FD when you can lend directly to borrowers and take out a layer of risk.
Last edited by RMJH; 18-12-2018 at 08:24 AM.
Reason: typo
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Originally Posted by RMJH
That would be one explanation why banning auto trading made no difference. Do we have any comfort that they don't cherry pick? I can't see the merit in lending to FD when you can lend directly to borrowers and take out a layer of risk.
I believe that banning auto trading made NO difference is for two main reasons:
> Growth in LC's base P2P number of new Lenders ( created more demand )
> P2P Lenders such as myself still are 'Online All Day" and so take portions in each desirable loan
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