moogman
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Post by moogman on Aug 5, 2017 10:35:42 GMT
Hi Moogman Will this work with the Maxthon browser? I expect that it will work fine - You would need to install the tampermonkey extension for Maxthon (It's called "Violentmonkey" extension.maxthon.com/detail/index.php?view_id=1680&category_id= - I cannot vouch for the extension (or the browser), but I note that it has 100,000+ downloads and 500+ reviews). The install instructions are otherwise the same. I'm afraid I won't be able to fully support the browser, but happy to help out where I can.
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moogman
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Post by moogman on Aug 5, 2017 10:21:58 GMT
moogman your browser extension appears to be broken, it no longer display any loans Hah. I'm assuming you have "SIGNIFICANT UPDATE" and >12% in your filter? At least MT have a good looking pipeline over the next month or so.
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moogman
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Ablrate (ABL) in Administration
IFISA (ABL)
Aug 4, 2017 10:19:44 GMT
Post by moogman on Aug 4, 2017 10:19:44 GMT
Checking my understanding - I can contribute to one new IFISA each year. So if I wanted to diversify amongst platforms in one year I could open one IFISA , fund it , open other IFISAs and transfer some of the original IFISA money into those. Am I right? If so then ablrate withdrawal fee of £100 makes me think of other platforms to open and fund IFISA with. No, you can only open one IFISA a year and fund it with current year subscriptions, you cant open another IFISA and transfer part of the current year money, you can only open another IFISA if you transfer the whole of the existing IFISA. You can open an IFISA and fund it with current year money and transfer existing previous year ISA money to it. You could then open another IFISA and transfer some or all of the previous year money to it but none of the current year money or you could transfer all of the current year money and leave the old year money. Alternatively you can open one IFISA with current year money and as many others as you like with previous year money. Basically one ISA of each type with new money per year, as many as you like with previous year money I've read through this a few times (as well as innovativefinanceisa.org.uk/) but am still unable to fully parse it. Perhaps you could help clarify? Take an example popular end goal: "I want to open 4x IFISAs, one in each of four popular P2P platforms, and place £2,000 in each. I have > £8,000 available in each existing S&S ISA, flexi ISA, and cash bank account". Are you suggesting that I could: * Create one IFISA for 2017-18, and populate it with £2,000 from my cash account. * Create a further 3x IFISA for 2017-18, and transfer-in £2,000 from a S&S ISA and/or flexi ISA? Or is it strictly one new IFISA per year, regardless of where the deposit comes from? Secondly.. Say in 2025, when I have 4x IFISAs. Are all four open for a £1,000 top-up each from my ISA investment allowance (currently £20k)? Or can I top up only one of the four exclusively each year? Thanks!
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moogman
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Post by moogman on Aug 1, 2017 20:27:58 GMT
I go by jonah's excellent graphs and it looks to me like the top of the green is at around the 3 million pound mark. Am I misinterpreting the graph? A little - Notice that the green/red/orange vertical block shifted down wholly Tuesday 10am (y-axis being -1.5M -> 3M = 4.5M), and thereafter a slow trickle downward. I calculate around a £24k reduction in SM today. Having said that, I've noticed too that a few slow loan parts shifted quickly today - The throughput of the SM seems to have sped up (even if it's temporary) while the size of the SM has broadly stayed the same. I'm not sure why this would be.
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moogman
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Post by moogman on Jul 26, 2017 18:16:31 GMT
Ablrate, the transparency and good communication doesn't go unnoticed. Thanks for being honest and not brushing this under the carpet. I for one can be tolerant of these sorts of reversible/reconcilable mistakes providing we're not left with a bad smell after the fact.
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moogman
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Post by moogman on Jul 26, 2017 5:35:26 GMT
I'm curious as to what others are doing with their Lendy investment. Especially given the changes and developments over the last few months.
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moogman
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Post by moogman on Jul 25, 2017 12:20:34 GMT
It is common practice for developers to sell individual units in a block of flats under a medium length leasehold (say 125 years), then sell the freehold onto someone else once the development is completed. In cases where the ground rent is less/peppercorn, then the freehold will be worth rather less. The profit on development is the build and re-sale, and so the freehold sale is a lesser additional profit.
Valuers will consider the ground rent income at nominal value, but hopefully not non-standard terms of the loan agreement (e.g. ground rent doubles each 10 years). A large portion of the freehold value therefore should be from reversion time so I would hope it won't affect "us" drastically.
I note there is one loan on COL that is structured this way, the freehold having it's own loan agreement.
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moogman
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Post by moogman on Jul 19, 2017 9:55:51 GMT
Email contents from collateral Collateral Rep - <redacted> and updates on the (extremely important) nomenclature of the agreements. Can't read moogman ?? - or is it a simple lack of respect for other's wishes / instructions.... ?? Good point - Deleted. Thanks for the heads-up. Hopefully COL will approve copying of the text here for other interested parties.
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moogman
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Post by moogman on Jul 18, 2017 17:07:43 GMT
I don't know what you saw moogman , but I ended up with exactly same cash balance as I started. Accrued was £0.60 on the £266 trades (both ways). Another bid for £400 at 98% with nearly £9k on offer at 98%. Anyone have sufficient funds to settle for the bidder? I assume the bidder is from a newbie just getting to grips with the platform because the 98% has been there for a few days. moogman - did you get to the bottom of your mismatched accrued interest issue? There are bugs in the transaction system so I would recommend cross-checking each transaction, as painful as that is. Edit: £400 bid now gone Just managed to re-check this - The mismatch bug was firmly in my brain last time, as everything looked fine this time around
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moogman
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Post by moogman on Jul 16, 2017 18:13:51 GMT
I always aim to keep a small amount of cash available within my various P2P accounts (well, most of them ;-)). However, decent enough loans pop up frequently enough to drain that cash availability - 12% is my current target, so it's relatively easy to find this level of loan. I used to get "loan envy" in your exact scenario, but I prefer to give up opportunity-cost in favour of fully-invested. I suspect the return would work out about the same in the long run.
Within each P2P account, I do tend to rebalance on occasion.
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moogman
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Post by moogman on Jul 16, 2017 18:06:09 GMT
stocks: 31% (increasing) p2p: 15% (increasing) bonds: 0% (increasing) property: 46% (decreasing) cash (including premium bonds): 8% (decreasing)
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moogman
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Post by moogman on Jul 16, 2017 17:37:56 GMT
Shame the person with a bid at 98% hasn't realised - anyone with a little free cash like to settle it for them? Done - crossed the trades for the three of them - no charge I'm a little confused... I took a look at this (with the same thought), and the interest carry-over was mismatched so it appeared that I would have incurred a loss after the sell-then-buy cycle. What did I misunderstand?
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moogman
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Post by moogman on Jul 11, 2017 12:59:50 GMT
ISTM that people are cancelling their SM/default loans, rather than us seeing an increased amount of investment in the SM/default loans.
If that is the case, the liquidity profile remains broadly the same (even though the SM looks "healthier").
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moogman
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Post by moogman on Jul 11, 2017 12:52:42 GMT
Yeah, quite irritating. Though you can hit <esc> before the page redirects, and then proceed to do the same for subsequent loan parts.
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moogman
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Post by moogman on Jul 10, 2017 21:17:53 GMT
Cheers! (Next year for me). Couple of good pointers, those realised how much I don't miss TV ha ha! Just seen it on C4+1 and it was pretty awful tbh! I think the 25 x your spending bloke was the chap who writes this blog. Nice. earlyretirementextreme.com is my preferred FIRE consumption, mainly the forum there - The whole FIRE "scene" is invariably full of INTJ types which doesn't make for a good TV show I'm sure. Suits people like me/us though who are most certainly all spreadsheeted and calculate up to our trajectory to FIRE.
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