RE: FCH2 Jul 2019 09:02
Without a balance figure those stats are rather meaningless, a bit like quoting profits without knowing the turnover.
There were a lot of people whose performance was really good under the old version of FC.
However, losing over half of the gross yield to defaults and fees is about par for the course looking at the figures and could be typical of many investors. For some that will be a good return (beats the bank), for others not so (you can earn more in Ratesetter with lower volatility for an additional platform risk).
It does bring into question how projections of 9.9% gross and 5.0-7.0% net stand up for the latest UK cohort, at the very least I think the top end will be downgraded. Conditions in the economy do not seem to be getting any better.
The losses look a bit higher than expected here, together with the lower growth I think this won't be a great day.