IFISAcava
Member of DD Central
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Post by IFISAcava on Oct 12, 2018 13:27:52 GMT
I can't believe there is still so much meaningless twaddle still being discussed. Just let BDO get on with their job.
We get good feedback from those in the know on here.
Hashing up old fears and rumors does no good.
Let's just wait and see what we get then we can moan or cheer.
All take a chill pill and relax.
Mentally count it as a 100% loss and things can only get better
If its ok with you I am starting at 50% I raise you to 40%
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Oct 12, 2018 15:13:08 GMT
If its ok with you I am starting at 50% I raise you to 40% Neath Property in FS just paid back at about 35% loss. I had .04% in it so about a weeks interest
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tommytaylor
P2P - The new wild west
Posts: 234
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Post by tommytaylor on Oct 13, 2018 7:19:20 GMT
I can't believe there is still so much meaningless twaddle still being discussed. Just let BDO get on with their job.
We get good feedback from those in the know on here.
Hashing up old fears and rumors does no good.
Let's just wait and see what we get then we can moan or cheer.
All take a chill pill and relax.
Mentally count it as a 100% loss and things can only get better
Providing you do not become clinically depressed at the thought! I actually am clinically depressed and all this has done me no good whatsoever. Just want my money back then i can stop crying and come out of the cupboard.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Oct 13, 2018 11:36:24 GMT
Providing you do not become clinically depressed at the thought! I actually am clinically depressed and all this has done me no good whatsoever. Just want my money back then i can stop crying and come out of the cupboard. As I have said before to some people the lack of fluidity can cause big problems. I'd like my £26000 back ASAP too.
All i suggest is close your teary eyes and come out the cupboard and make sure you bang your head in the hope you get amnesia and forget about Collateral
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blender
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Post by blender on Oct 13, 2018 11:58:11 GMT
These pagan gods provide little solace or support. I'm quite glad the bronze age is over.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Oct 16, 2018 15:04:47 GMT
I am resigned to being parted from my cash for quite a long time and of course who knows if I will ever see any of it or how much of it again. In the circumstances I have had to make the difficult decision to apply to draw my occupational pension a year earlier than planned which means I am losing approx. 5% per annum on my work pension for early payment but the problem is that I was living on interest from my capital and now I have not only stopped getting much interest, I have also lost access to quite a lot of my capital so I am pretty stuffed at the moment and it was a choice between getting myself a temporary job in one of the local supermarkets as there is a lot going with Christmas coming up or taking my work pension early and I've gone for the pension early option because it just seems the simpler solution at the moment although in the long run it will cost me a lot of money when that annual actuarial reduction is compounded over the rest of my life.
I did very well from LY because I was an early adopter in the days of boats when it was 12% for 3 years with almost no risk as long as you got your tactics right. I did quite well from MT. But all those gains have been blown out of the water and more by the COL situation which caught me completely off guard and left me massively over exposed to what I thought was the new, safer, younger platform that I could earn from for another year until taking my pension. Now I can only sit back powerless and imagine my hard earned savings being gobbled up at £720 an hour by London based , swanky officed, financial fat cats who somehow get appointed to deal with the winding down of a small company in the North West of England where fee rates are much lower.
Yes I've been stitched up big time. But I have learnt a big lesson from this and never again will I risk any of my money. I didn't get where I am today by losing money on investments or gambling and sheer carefulness and prudence were my watchwords (people used to call me a tight wad) and at this point in my life after my early retirement I find I have let myself down badly.
I am man enough to admit there have been sleepless nights when it all has been going through my head around and around and yes there have been tears and I have suffered some physical symptoms and flaring up of a stress related condition I have which has required my medication to be upped, but I am now just about coming to terms with it and there is no point worrying about what you cannot change and you can only learn from it and not make the same mistakes again.
I wish everybody invested in COL the very best outcome whatever your circumstances. I hope that most of us live long enough to see it.
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snowmobile
Member of DD Central
Posts: 230
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Post by snowmobile on Oct 16, 2018 15:37:19 GMT
I am resigned to being parted from my cash for quite a long time and of course who knows if I will ever see any of it or how much of it again. In the circumstances I have had to make the difficult decision to apply to draw my occupational pension a year earlier than planned which means I am losing approx. 5% per annum on my work pension for early payment but the problem is that I was living on interest from my capital and now I have not only stopped getting much interest, I have also lost access to quite a lot of my capital so I am pretty stuffed at the moment and it was a choice between getting myself a temporary job in one of the local supermarkets as there is a lot going with Christmas coming up or taking my work pension early and I've gone for the pension early option because it just seems the simpler solution at the moment although in the long run it will cost me a lot of money when that annual actuarial reduction is compounded over the rest of my life. I did very well from LY because I was an early adopter in the days of boats when it was 12% for 3 years with almost no risk as long as you got your tactics right. I did quite well from MT. But all those gains have been blown out of the water and more by the COL situation which caught me completely off guard and left me massively over exposed to what I thought was the new, safer, younger platform that I could earn from for another year until taking my pension. Now I can only sit back powerless and imagine my hard earned savings being gobbled up at £720 an hour by London based , swanky officed, financial fat cats who somehow get appointed to deal with the winding down of a small company in the North West of England where fee rates are much lower. Yes I've been stitched up big time. But I have learnt a big lesson from this and never again will I risk any of my money. I didn't get where I am today by losing money on investments or gambling and sheer carefulness and prudence were my watchwords (people used to call me a tight wad) and at this point in my life after my early retirement I find I have let myself down badly. I am man enough to admit there have been sleepless nights when it all has been going through my head around and around and yes there have been tears and I have suffered some physical symptoms and flaring up of a stress related condition I have which has required my medication to be upped, but I am now just about coming to terms with it and there is no point worrying about what you cannot change and you can only learn from it and not make the same mistakes again. I wish everybody invested in COL the very best outcome whatever your circumstances. I hope that most of us live long enough to see it. You have my sympathy It has certainly been a lesson learned the hard way. I've decided whatever I get back is going straight into premium bonds. If I'm ever tempted to withdrawn in search of higher returns I will remind myself of the COL debacle. You never know my numbers might come up and one day I might be thankful to the spice brothers
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TitoPuente
Member of DD Central
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Post by TitoPuente on Oct 16, 2018 15:55:25 GMT
The pagan god seems to be all over the place projecting all types of parallel realities.
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hazellend
Member of DD Central
Posts: 2,361
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Post by hazellend on Oct 16, 2018 17:30:20 GMT
I am resigned to being parted from my cash for quite a long time and of course who knows if I will ever see any of it or how much of it again. In the circumstances I have had to make the difficult decision to apply to draw my occupational pension a year earlier than planned which means I am losing approx. 5% per annum on my work pension for early payment but the problem is that I was living on interest from my capital and now I have not only stopped getting much interest, I have also lost access to quite a lot of my capital so I am pretty stuffed at the moment and it was a choice between getting myself a temporary job in one of the local supermarkets as there is a lot going with Christmas coming up or taking my work pension early and I've gone for the pension early option because it just seems the simpler solution at the moment although in the long run it will cost me a lot of money when that annual actuarial reduction is compounded over the rest of my life. I did very well from LY because I was an early adopter in the days of boats when it was 12% for 3 years with almost no risk as long as you got your tactics right. I did quite well from MT. But all those gains have been blown out of the water and more by the COL situation which caught me completely off guard and left me massively over exposed to what I thought was the new, safer, younger platform that I could earn from for another year until taking my pension. Now I can only sit back powerless and imagine my hard earned savings being gobbled up at £720 an hour by London based , swanky officed, financial fat cats who somehow get appointed to deal with the winding down of a small company in the North West of England where fee rates are much lower. Yes I've been stitched up big time. But I have learnt a big lesson from this and never again will I risk any of my money. I didn't get where I am today by losing money on investments or gambling and sheer carefulness and prudence were my watchwords (people used to call me a tight wad) and at this point in my life after my early retirement I find I have let myself down badly. I am man enough to admit there have been sleepless nights when it all has been going through my head around and around and yes there have been tears and I have suffered some physical symptoms and flaring up of a stress related condition I have which has required my medication to be upped, but I am now just about coming to terms with it and there is no point worrying about what you cannot change and you can only learn from it and not make the same mistakes again. I wish everybody invested in COL the very best outcome whatever your circumstances. I hope that most of us live long enough to see it. If it makes you feel any better remember your pension is only reduced by. 5%. because you are taking an additional year early. By death you will receive the same amount. Also, I have 6 figs so share your pain but fortunately have plenty of high earning years ahead (hopefully)
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alibaba
Member of DD Central
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Post by alibaba on Oct 16, 2018 18:01:27 GMT
I am astonished and humbled by the honesty and candour of GeorgeT ’s post. It takes a big man to ‘fess up in this way. I wonder if the post can be elevated somehow to act as a warning to others. I am also impressed by GeorgeT, we should all take note and make sure that we call out the bad actors earlier if for no other reason than to protect new investors, in my experience we hear buyer beware to often, this is a mantra often repeated that lets some people off the hook. On occasions it is theft.
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Post by Ace on Oct 16, 2018 20:28:35 GMT
Respect and sympathy for your post GeorgeT , but... In the nicest possible way, I really hope you end up losing on the retirement deal. If you do, then at a 5% reduction for drawing one year early it will mean you've managed to live more than 20 years past retirement. See there's usually a bright side if you look hard enough
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averageguy
Member of DD Central
Posts: 1,165
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Post by averageguy on Oct 16, 2018 22:10:25 GMT
I am astonished and humbled by the honesty and candour of GeorgeT ’s post. It takes a big man to ‘fess up in this way. I wonder if the post can be elevated somehow to act as a warning to others. And just add the old adage about not having your eggs in one basket
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Oct 17, 2018 0:29:40 GMT
I am resigned to being parted from my cash for quite a long time and of course who knows if I will ever see any of it or how much of it again. In the circumstances I have had to make the difficult decision to apply to draw my occupational pension a year earlier than planned which means I am losing approx. 5% per annum on my work pension for early payment but the problem is that I was living on interest from my capital and now I have not only stopped getting much interest, I have also lost access to quite a lot of my capital so I am pretty stuffed at the moment and it was a choice between getting myself a temporary job in one of the local supermarkets as there is a lot going with Christmas coming up or taking my work pension early and I've gone for the pension early option because it just seems the simpler solution at the moment although in the long run it will cost me a lot of money when that annual actuarial reduction is compounded over the rest of my life. I did very well from LY because I was an early adopter in the days of boats when it was 12% for 3 years with almost no risk as long as you got your tactics right. I did quite well from MT. But all those gains have been blown out of the water and more by the COL situation which caught me completely off guard and left me massively over exposed to what I thought was the new, safer, younger platform that I could earn from for another year until taking my pension. Now I can only sit back powerless and imagine my hard earned savings being gobbled up at £720 an hour by London based , swanky officed, financial fat cats who somehow get appointed to deal with the winding down of a small company in the North West of England where fee rates are much lower. Yes I've been stitched up big time. But I have learnt a big lesson from this and never again will I risk any of my money. I didn't get where I am today by losing money on investments or gambling and sheer carefulness and prudence were my watchwords (people used to call me a tight wad) and at this point in my life after my early retirement I find I have let myself down badly. I am man enough to admit there have been sleepless nights when it all has been going through my head around and around and yes there have been tears and I have suffered some physical symptoms and flaring up of a stress related condition I have which has required my medication to be upped, but I am now just about coming to terms with it and there is no point worrying about what you cannot change and you can only learn from it and not make the same mistakes again. I wish everybody invested in COL the very best outcome whatever your circumstances. I hope that most of us live long enough to see it. Perhaps one ray of sunshine for you. Court ordered costs to be paid outwith investor’s funds. Put your tax free lump sum in safe ie bank 3% if you don’t want to invest elsewhere with your new found wisdom you will be better prepared. Also that extra pension would be taxed you should be able to avoid future tax and if still not too old benefits from SIPP investment even if it is restricted.
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elliotn
Member of DD Central
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Post by elliotn on Oct 17, 2018 7:20:15 GMT
I am resigned to being parted from my cash for quite a long time and of course who knows if I will ever see any of it or how much of it again. In the circumstances I have had to make the difficult decision to apply to draw my occupational pension a year earlier than planned which means I am losing approx. 5% per annum on my work pension for early payment but the problem is that I was living on interest from my capital and now I have not only stopped getting much interest, I have also lost access to quite a lot of my capital so I am pretty stuffed at the moment and it was a choice between getting myself a temporary job in one of the local supermarkets as there is a lot going with Christmas coming up or taking my work pension early and I've gone for the pension early option because it just seems the simpler solution at the moment although in the long run it will cost me a lot of money when that annual actuarial reduction is compounded over the rest of my life. I did very well from LY because I was an early adopter in the days of boats when it was 12% for 3 years with almost no risk as long as you got your tactics right. I did quite well from MT. But all those gains have been blown out of the water and more by the COL situation which caught me completely off guard and left me massively over exposed to what I thought was the new, safer, younger platform that I could earn from for another year until taking my pension. Now I can only sit back powerless and imagine my hard earned savings being gobbled up at £720 an hour by London based , swanky officed, financial fat cats who somehow get appointed to deal with the winding down of a small company in the North West of England where fee rates are much lower. Yes I've been stitched up big time. But I have learnt a big lesson from this and never again will I risk any of my money. I didn't get where I am today by losing money on investments or gambling and sheer carefulness and prudence were my watchwords (people used to call me a tight wad) and at this point in my life after my early retirement I find I have let myself down badly. I am man enough to admit there have been sleepless nights when it all has been going through my head around and around and yes there have been tears and I have suffered some physical symptoms and flaring up of a stress related condition I have which has required my medication to be upped, but I am now just about coming to terms with it and there is no point worrying about what you cannot change and you can only learn from it and not make the same mistakes again. I wish everybody invested in COL the very best outcome whatever your circumstances. I hope that most of us live long enough to see it. Shocked you put yourself in such a position. Why did you think an unproven, loss making, high yield platform would be safer? Was Mr 12% hoping to continue passing his parcel in a less mature, less default ridden loan book than Ly's (where you mocked others for not having as masterful a strategy?). I have no income except p2p. I am more than 2 decades from what will essentially be a state only pension. My wife has an incurable disease and I live somewhere where there is no national health service and my wife cannot be insured for a pre-existing condition. I live under the threat of prolonged chemotherapy for my wife or a car accident for myself (in the world's worst country for fatalities) ruining me. I have 15% of my net worth that I need to live on for the rest of my life tied up in Coll (I already live a very simple life to try and eek out what I do have). I can only dream about the consequence of this debacle being a marginal tweak to my occupational pension. Not that I would ever want to burden strangers with my personal problems (or financial decisions that I wilfully took - a nice dilemma to have?) but I thought it may be some small comfort that you are Not suffering alone.
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kaya
Member of DD Central
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Post by kaya on Oct 17, 2018 16:28:43 GMT
We can only hope that the FCA/BDO make all efforts to ensure that the Curry Bros. are made to pay - from what ever other fortunes they have - to cover all costs. These chancers could probably have elected to wind up the business in an orderly fashion themselves once they realized that the 'game was up', but oh no, oh no, they decided to call in their RR administrator buddies.... and....what trouble and pain these f*%$£ s have caused.
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