stevio
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Post by stevio on Jul 7, 2016 20:47:03 GMT
It would be interesting to see what others are doing both with their P2P and other investments? Are you sitting tight, not changing a thing? Are you exiting as fast as the Brexit was upon us? Staying/leaving all P2P or selecting certain areas? Still investing or reducing? Where or what are you going too/ sticking with? Where do you perceive the risks/ safer havens and are you doing anything about it or nothing at all? Platforms, loans, assets, LTVs, valuations, property, pawn - shares, funds, bonds, banks, cash, property, BTL, mattresses - interest rates, mortgages, jobs, employment, immigration, migration, exasperation? All is on the table, which do you choose? What timeliness do you predict things happening going forward? Not really looking for scaremongering, but level headed plans based on conservative predictions and well thought out scenarios (am I on the right forum? Come on we can do this! Wealth of experience here....isn't there?  I'll start, definitely more cautious with commercial property, but that's more to ensure maybe a large enough margin there if decline due to sustained market prices dropping. Although saying that it hasn't stopped the true 'addict' in me still investing. I have no other home for the money, having liquidated all the other homes in favour of P2P, apart from my property and a bit of BTL (which I would also get out of as lost interest and will power but not had the time to do anything) Loans - pawn new best friend, Ablrate seems coming up with some innovative loans to diversify from property Funds-maybe pick up some bargains, but could still be in for as rough ride as P2P. More like lottery than the enjoyable informed guess with P2P I don't think we've time warp to 2008, although there seems to be as many pessimists appearing. UK has a contingency, but when inevitably panic, some of the  will hit you somewhere. Surely someone has a better plan and use of the English language than me? |
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Post by bluechip on Jul 7, 2016 21:30:47 GMT
Over the past 2 weeks I have been doing the following: - Pulling my money out of platforms where possible, (not where I have to pay though, so I'm not overly worried). Leaving quick access amounts in Assetz and Ratesetter, allowing my other ones to come to a natural end, but unticking the "renew" button.
- Investing in Stocks, specifically US S&P Tracker, Gold & Mining funds, Global Equities and Fundsmith
- Moving some money into bank bonds that are covered by FSCS, just doing 1 year bonds as somewhere to park money that is relatively safe
I am worried about the amount of "sheep" in P2P and I think there will be some platforms that struggle over the next 6-12 months. Granted my lack of appetite to increase or renew my investments is a contributing "sheep" factor, but ultimately doing nothing is a gamble I don't want to take, I'd rather go down being proactive than simply hoping decisions I made months ago hold true now. Those decisions were made for a totally different scenario than what has come to pass. I was over exposed in P2P anyway, Brexit or no Brexit.
I still have a substantial holding (for me) in P2P, but I am not investing anything extra in this sector until things become more clear. We simply don't know how strong some of the platforms are and we have seen how some are really struggling to get new loans done, which is very concerning for me as I have some money tied up in some of those platforms. That's what I'm doing anyway, but I must state that I am relatively new to investing and my experience isn't professional like some posters, it is purely from reading a lot on the web and speculating, so I hope this adds to the discussion but by no means do I wish to portray myself as somebody "in the know".
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Liz
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Post by Liz on Jul 7, 2016 21:43:00 GMT
Didnt USA shares just get 15% more expensive?
I'm sitting tight, for now. Although I will be more choosy.
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Post by bluechip on Jul 7, 2016 22:03:40 GMT
Yes most did as I'm no means the first guy on the bus, however I'm up 15% across my portfolio since BREXIT. I think there is still room to go as people extract their money from property funds, (if they can) and foreign investors don't have London property to park their money, so they need a home and their investments aren't as liquid so it will be gradual imo. Lots of people jumping on Gold, but they will want diversification as well. Every day this week my funds have risen 1-2%, so being a little late to the party is better than not turning up at all in my opinion. I only opened one fund less than a week ago it's worth 20% more today.
That has been my strategy, not sure if it is ideal now as a lot changes day-day, but it has worked for me thus far.
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bigfoot12
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Post by bigfoot12 on Jul 8, 2016 12:06:23 GMT
I have been slightly reducing my P2P exposure for the past few months. A few platforms (AC and SS) don't have anything I want to invest in and I am more generally disillusioned with a couple of other platforms. There are other investments which have become cheaper over this time. Since Brexit I value liquidity so I have exited AC's QAA and similar accounts which don't guarantee liquidity. I am happy for the next few months to earn 0.5% (PA) in an instant access FSCS account. And then be able to respond to any bargains. I prefer the larger platforms at the moment, Ratesetter and FC in particular, but in the case of the former the rate isn't currently high enough so I am withdrawing from that as things pay or mature. In the latter I am pulling out some money, but I am re-investing some. I am unlikely to invest in any large development projects based on development value, nor will I make any new investments into Scotland or Northern Ireland. Similarly any investment secured on property must have some other reason to invest, not merely the security, and the security must be 'normal'. By normal I want that it be the usual sort of property in the area rather than a difficult to value or sell outlier. With everything else I am mainly sitting tight, but with a slight bias to repatriation of wild overseas bets back to GBP and FTSE250. (So the reverse of bluechip.) |
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locutus
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Post by locutus on Jul 8, 2016 16:17:43 GMT
Avoiding commercial property and taking a long hard look at student accommodation. Both these areas IMO are now very vulnerable. I was becoming concerned at the number of very large student let developments that were coming to the market before Brexit and my worries are increasing. Staying put with p2p for the moment but actively running down some platforms as loans pay back. However, quite happy with collateral at the moment as the loans on offer remind me me of FS and MT in their early days and so I'm moving funds from other platforms into their loans. Residential property is still the largest part of my p2p loans and will probably remain so because of the security backing. There are some on offer that I will continue to avoid because of the poorly presented documentation or the questionable LTVs. Doesn't a cheaper pound make the UK more attractive to foreign students hence student accommodation should be fairly safe?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 8, 2016 16:38:30 GMT
Avoiding commercial property and taking a long hard look at student accommodation. Both these areas IMO are now very vulnerable. I was becoming concerned at the number of very large student let developments that were coming to the market before Brexit and my worries are increasing. Staying put with p2p for the moment but actively running down some platforms as loans pay back. However, quite happy with collateral at the moment as the loans on offer remind me me of FS and MT in their early days and so I'm moving funds from other platforms into their loans. Residential property is still the largest part of my p2p loans and will probably remain so because of the security backing. There are some on offer that I will continue to avoid because of the poorly presented documentation or the questionable LTVs. Doesn't a cheaper pound make the UK more attractive to foreign students hence student accommodation should be fairly safe? THe issue is EU students who are currently treated the same as UK students in terms of fees & student loans. Once Brexit is achieved they wont automatically be treated the same, so it would be dependent on UK govt & universities as to costs/finance. If they were treated same as global 'foreign' students the fees would rocket and no loans to finance degree so more likely to study in EU uni.
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locutus
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Post by locutus on Jul 8, 2016 16:55:22 GMT
Doesn't a cheaper pound make the UK more attractive to foreign students hence student accommodation should be fairly safe? THe issue is EU students who are currently treated the same as UK students in terms of fees & student loans. Once Brexit is achieved they wont automatically be treated the same, so it would be dependent on UK govt & universities as to costs/finance. If they were treated same as global 'foreign' students the fees would rocket and no loans to finance degree so more likely to study in EU uni. According to this link www.independent.co.uk/student/student-life/finances/brexit-what-happens-to-eu-students-in-uk-funding-honoured-referendum-latest-universities-education-a7105926.html, EU students make up just 6% of UK student population. It seems the Chinese are the biggest contingent and if the pound gets cheaper, then the UK will be even more attractive place to study.
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Post by bracknellboy on Jul 8, 2016 17:16:53 GMT
Was always so. Foreign students were/are an important source of income for UK unis, and a great way of building links with with their country of origin. Until of course the UK Govt decided to start limiting both student visas and their ability to overstay for a few years to work in this country post graduation. Totally and utterly self defeating from a UK plc perspective: but of course it was done in reponse to demands to limit immigration numbers.
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Post by brokenbiscuits on Jul 8, 2016 17:42:43 GMT
I was looking at gold funds today, but some are up 100%, too late to the party?
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Liz
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Post by Liz on Jul 8, 2016 17:52:21 GMT
I was looking at gold funds today, but some are up 100%, too late to the party? YES
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locutus
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Post by locutus on Jul 8, 2016 20:20:13 GMT
Was always so. Foreign students were/are an important source of income for UK unis, and a great way of building links with with their country of origin. Until of course the UK Govt decided to start limiting both student visas and their ability to overstay for a few years to work in this country post graduation. Totally and utterly self defeating from a UK plc perspective: but of course it was done in reponse to demands to limit immigration numbers. I think genuine students are still able to come to the UK to study and they are very welcome to do so. The tougher rules were introduced to crack down on sham students from the subcontinent who came here to pretend to study at colleges that pretended to teach but in reality just worked as slave labour. Most recent figures show a sharp decline in "students" from Pakistan and India but most other places are largely unaffected. Further reading for those who are curious. www.telegraph.co.uk/news/uknews/immigration/10627100/Student-visa-system-abused-to-gain-illegal-entry-to-UK.htmlwww.telegraph.co.uk/news/uknews/immigration/9487758/Tesco-faces-200000-fine-over-illegal-foreign-workers.html
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bigfoot12
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Post by bigfoot12 on Jul 8, 2016 20:53:35 GMT
I was looking at gold funds today, but some are up 100%, too late to the party? YES Who knows; these same funds are probably down 10% from the start of 2013. (I don't know which funds you are talking about - the ones I can easily see are up about 20-30% since the 23rd June, but they had been rallying strongly before that.)
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will hit you somewhere. 
