Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 04-12-2014, 04:04 PM   #21
Recycles dryer sheets
 
Join Date: Dec 2013
Posts: 366
Yep, I was just pointing out, in that scenario one would be dealing with their actual "peers".

I'm waiting on P2P v2 with the enhanced kneecap busting option, to improve risk factor.
:>) Not
__________________

__________________
springnr is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-12-2014, 10:09 PM   #22
Full time employment: Posting here.
 
Join Date: Sep 2002
Posts: 538
Quote:
Originally Posted by Derslickmeister View Post
That is my main issue with this as well. Big Money has moved in and secured all the low risk, higher retun loans. All the little folks (like us) are likely to get are the scraps and the ones they won't touch IMHO.
Peer to Peer Lending is an interesting topic. If you go back and look at the other threads on the subject there sure are a lot of opinions however i think its like anything else. A lot of folks set on the sidelines and talk smack. If you are limping into ER with a small margin I don't think I would even try it. However if its only a few percent of your portfolio and you have more than you will ever need probably not a big deal.

No doubt some notes are offered to "Big Money" however right now there seems plenty to go around. It was not that way a few months ago. There are plenty of examples of people that are doing very well and of course others that aren't making it. I suspect is has to do with the level of research and knowledge over time. I think the quality of notes I am buying now are better than what I was buying a few months ago. I chalk that up to having a better grasp of what I am purchasing and my ability to take the emotion out of the purchases. I could have just given them x amount and have them pick the notes. Having seem some of the notes automatically selected in others portfolios there are several notes that I would have never picked. I made the decision that I was going to ramp on a certain timeline and scale knowing that in the short run I ran the risk of greater losses do to lack of diversification. I also recognize that as notes become more seasoned defaults rise. So there is a certain level of churning that probably needs to occur to weed the garden. I hope at some point they implement an option on their trading platform that will allow you to sell your entire portfolio at one time. It would be another quick exit strategy.
__________________

__________________
JDARNELL is online now   Reply With Quote
Old 04-13-2014, 11:06 AM   #23
Recycles dryer sheets
Derslickmeister's Avatar
 
Join Date: Feb 2014
Posts: 249
Quote:
Originally Posted by JDARNELL View Post
Peer to Peer Lending is an interesting topic. If you go back and look at the other threads on the subject there sure are a lot of opinions however i think its like anything else. A lot of folks set on the sidelines and talk smack. If you are limping into ER with a small margin I don't think I would even try it. However if its only a few percent of your portfolio and you have more than you will ever need probably not a big deal.
Yep, that was my reasoning (small margins currently). I could see it as a hobby or pastime that could make for interesting conversation, I just don't think this will be a part of many's mainstream portfolios anytime soon. Especially for risk adverse investors like me.
__________________

__________________
Derslickmeister is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Peer to peer lending Nords FIRE and Money 117 12-11-2014 10:23 AM
Peer to peer lending: bond or alternative hotwired Stock Picking and Market Strategy 5 09-05-2012 09:31 PM
Peer to Peer Lending ATC Guy FIRE and Money 33 12-31-2010 08:46 AM

 

 
All times are GMT -6. The time now is 06:47 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.