robski
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Post by robski on Nov 21, 2018 13:57:41 GMT
MoneyThing I note that the schedule on at least one loan is over 12 months old. Considering the state of the accounts could we get an updated schedule on each loan?
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Post by ladywhitenap on Jan 27, 2019 22:02:01 GMT
MT announced on Friday 25th that these loans will repay on Monday 28th Jan.
During sunday people have been buying little bits of these three loans.
I just can't see any point in doing this.
Can anyone see the logic?
LW
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Post by Badly Drawn Stickman on Jan 27, 2019 22:11:45 GMT
MT announced on Friday 25th that these loans will repay on Monday 28th Jan. During sunday people have been buying little bits of these three loans. I just can't see any point in doing this. Can anyone see the logic? LW Not really. Some quite decent investments were made on Friday (there was quite a bit on the SM at that time) which would seem a smart enough investment. I think sometimes people just don't do the maths, 1 nights interest on a few £s is really not going to register. I wouldn't bother to transfer money in to do it, but it would appear some people keep fairly large amounts of un-invested money on the platform, now that I do find odd. But each to their own I guess.
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Post by ladywhitenap on Jan 27, 2019 22:19:35 GMT
Thank VI for helping me confirm I'm not missing something subtle! I generally work on the basis that most other investors on the platforms know more than I do - I'm not often let down apart from this instance. LW
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jonbvn
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Post by jonbvn on Jan 28, 2019 0:33:22 GMT
I would take the settlement date of 28 January with a very large pinch of salt.
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amwinv
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Post by amwinv on Jan 28, 2019 0:36:57 GMT
MT announced on Friday 25th that these loans will repay on Monday 28th Jan. During sunday people have been buying little bits of these three loans. I just can't see any point in doing this. Can anyone see the logic? LW Would you rather your available money earns no interest? Or a few cheeky pennies/pounds? It all adds up over the years. When I was first getting diversified in MT, I'd grab a pound here n there on loans as they popped up. And suddenly all those pennies were making me a fair amount each month. (Admittedly my definition of a fair amount might be incredibly different to yours!!!) Plus numerous times these "definitely gonna pay tomorrow" loans drag on a few extra days/weeks, it's a lil bit of a gamble. But I guess an "inevitable repayment" is seen as as close to a safe bet as anything in p2p.
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Post by mattygroves on Jan 28, 2019 15:43:05 GMT
MT announced on Friday 25th that these loans will repay on Monday 28th Jan. During sunday people have been buying little bits of these three loans. I just can't see any point in doing this. Can anyone see the logic? LW Not really. Some quite decent investments were made on Friday (there was quite a bit on the SM at that time) which would seem a smart enough investment. I think sometimes people just don't do the maths, 1 nights interest on a few £s is really not going to register. I wouldn't bother to transfer money in to do it, but it would appear some people keep fairly large amounts of un-invested money on the platform, now that I do find odd. But each to their own I guess. If your cash is held in an ISA then it is a pain to do an ISA transfer out if you can't find enough loans that fit your diversification profile. I've got more cash than I'd like held on ABL for that reason.
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Post by GSV3MIaC on Jan 28, 2019 16:59:05 GMT
+1 ... ISA investment is an issue for me on both ABL and MT at the moment, which makes deciding whether to dump next years's into P2P or into the Soup market a difficult call.
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marka
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Post by marka on Jan 28, 2019 17:07:04 GMT
Not really. Some quite decent investments were made on Friday (there was quite a bit on the SM at that time) which would seem a smart enough investment. I think sometimes people just don't do the maths, 1 nights interest on a few £s is really not going to register. I wouldn't bother to transfer money in to do it, but it would appear some people keep fairly large amounts of un-invested money on the platform, now that I do find odd. But each to their own I guess. If your cash is held in an ISA then it is a pain to do an ISA transfer out if you can't find enough loans that fit your diversification profile. I've got more cash than I'd like held on ABL for that reason.
But its a flexible ISA, so you can withdraw uninvested cash and employ it elsewhere then reinvest back into the same ISA again anytime in the same tax year.
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archie
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Post by archie on Jan 28, 2019 18:31:06 GMT
Funds received. Repaying 29th.
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pom
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Post by pom on Jan 29, 2019 8:58:15 GMT
If your cash is held in an ISA then it is a pain to do an ISA transfer out if you can't find enough loans that fit your diversification profile. I've got more cash than I'd like held on ABL for that reason.
But its a flexible ISA, so you can withdraw uninvested cash and employ it elsewhere then reinvest back into the same ISA again anytime in the same tax year. And if it's 18-19 cash you could actually go stick it in a cash ISA ready to transfer somewhere else in the new year. If it was previously transferred years tho then now it probably pays to worry a lot more about liquidity of alternate temporary homes than we might have done a year or so ago....
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nyneil
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Post by nyneil on Jan 29, 2019 11:54:55 GMT
Repaid :-) Thanks MoneyThing I just need you to find a new, reliable, borrower to take up my spare cash
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Post by mattygroves on Jan 29, 2019 15:42:41 GMT
If your cash is held in an ISA then it is a pain to do an ISA transfer out if you can't find enough loans that fit your diversification profile. I've got more cash than I'd like held on ABL for that reason.
But its a flexible ISA, so you can withdraw uninvested cash and employ it elsewhere then reinvest back into the same ISA again anytime in the same tax year. Not if your current year allocation has been utilised in a stocks and shares ISA.
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marka
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Post by marka on Jan 29, 2019 17:32:16 GMT
But its a flexible ISA, so you can withdraw uninvested cash and employ it elsewhere then reinvest back into the same ISA again anytime in the same tax year. Not if your current year allocation has been utilised in a stocks and shares ISA. If you have used all this year's allocation on a S&S ISA, but also have funds in a IF ISA from previous years' subscriptions then you are still free to withdraw cash from the flexible IF ISA and redeposit (into the same IF ISA) it before April 5th.
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trevor
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Post by trevor on Jan 29, 2019 20:13:32 GMT
I would take the settlement date of 28 January with a very large pinch of salt. What say you now?
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