stevio
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Post by stevio on May 21, 2019 15:42:04 GMT
My confidence in just about any sale progressing to completion in the whole of P2P-land is about 70% against / 30% for. Especially when we're talking about development land as opposed to chocolate-box houses ( if there ever has been one of those in P2P!). I tend to agree, it is never a done deal until the money is returned. However if it looks reasonably positive, why on Earth would you not either remove from sale or set a better level, you can always relist if it goes a touch wobbly. If this was on FS or LY, then people would be crying from the rooftops, as its MT and it is reasonably new experience for this platform to have vastly delayed projects, people are more forgiving The delays have continued and the story evolving - at some point you have to decide the likelihood of you receiving your capital back A 4% discount still gives a very reasonable return given the interest rates vs a potential much larger capital loss, as we have seen across other platforms, 66% capital loss is a very real possibility these days
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stevio
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Post by stevio on May 19, 2019 9:10:36 GMT
You will find a list here I set the parameters to max 12 month and buyback but you can set other filters on the right
Which of those are the longest established?
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stevio
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Post by stevio on Apr 25, 2019 17:50:37 GMT
Stop wasting your time and speculating. You know nothing that the market doesn’t. I laugh when I hear people saying USA is overvalued, everybody says and thinks this, it is what is drilled into our brains by “the noise” Just buy a whole world index tracker and keep buying through thick and thin. TLDR: Vanguard all world ETF or vanguard life strategy fund is all you need, forget that other stuff. DOI: 500k holding in vanguard all world (one fund portfolio) I do exactly the same. All my pension funds are now held in ii (INTERACTIVE INVESTOR)and invested in Vanguard LifeStrategy 80/20 (VANGUARD INVESTMENTS UK LTD LIFESTRATEGY 80 PERCENTAGE EQTY ACC NAV) and L+G (LEGAL & GENERAL(UNIT TRUST MNGRS) INTERNATIONAL INDEX TRUST I ACC). I pay ii £13.99/m and the funds are charged at 0.22% (vanguard) and 0.13% (L+G). Cheap, simple, effective. I restrict my dabbling to P2P where I have around 2% of Net Worth invested (down from around 5% 2 years ago). vanguard life strategy fund has a relatively huge UK bias in the equity, 25% vs 6% weight of the UK in the global market P2P teaches dabbling and diversification
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stevio
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Post by stevio on Apr 3, 2019 6:27:44 GMT
What could be the pros and cons of this approach? I don't think that it will be, but any choice of broker might be the next MF Global, Lehman,.... You might get your money back in the end, but could you cope in the interim? I would have thought it wise to have some cash. You don't mention which bonds, if they are short dated gilts, they are likely to be okay, as they would be with short dated, German, Swiss, Japanese, US bonds, but with the commensurate currency risk (which might be an advantage). You do seem to be letting the tail way the dog. Decide what you want to do and then pick the best platform for that. If you don't trade much there might be a cheaper platform for you. Even Hargreaves Lansdown, which many on this platform don't like because it has high fees, (even though I think that you get what you pay for when you want to phone someone) has no annual inactivity fees for shares and gilts, held outside wrappers, and they are capped at £45 per year inside an ISA - they are higher for funds. Thanks bigfoot12The fees for trading US shares are as low as $1, so although I can stick with buy and hold with index trackers for the bulk of my portfolio, I can experiment with shorter term trading for a small part of my portfolio elsewhere Also it seems US domiciled ETFs are also available, with lower TER and potential to claim back withholding tax The fees with IB are $10/month (minus trading costs), so maybe double H&L per year. This is waived for larger portfolios, hence why I am considering putting my cash reserve into bonds (or bond funds/ETFs). I currently have no bonds at all in my portfolio
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stevio
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Post by stevio on Mar 31, 2019 15:27:34 GMT
Long story, I am considering moving my trading to Interactive Brokers
To avoid an inactivity fee, I need to retain a certain equity balance or trade frequently. I dont think I can meet that balance with my trading balance alone and I am considering topping it up with my cash reserve
I realise the inactivity fee is a small cost and not a reason to change an investment strategy (if I even had one to start with!)
I was considering swapping my cash reserve for a bond reserve. The trading fees are minimal, so I think I can sell off bonds as cash is needed
What could be the pros and cons of this approach?
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stevio
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Post by stevio on Mar 30, 2019 18:14:49 GMT
I was wondering who might have lowest: - FX rate charge/FX rate - Share dealing charge - Share holding charge for a purchase of USA shares in the region of £25k Interactive Brokers is hands down the best. - $2 flat fee per FX conversion which is always at mid market rate - extremely low trading fees (usually $1 per trade or less) - no holding costs except $10 per month inactivity fee, with all commissions credited against it, so if you spend $7 in commissions in a month, you pay an additional $3 in inactivity fee. Inactivity fee is waived entirely if your account is over $100k. You can hold UK stocks as well in the account, and cash in all currencies, so you can hold a lot of assets together there with a total value of >$100k in order to avoid the inactivity fee. Thanks for this Can you tell me the IB trading costs for USA shares - there seems to be costs listed under North America but also under UK a charge for USD-denominated stocks? The fees you listed of 1 USD seem to be using the North America costs which are less brokerchooser.com/compare-brokerageAlso, is there anyway around the inactivity fee? I dont think myself and my spouse would both be over the 100,000 USD limits individually, but maybe as a joint account or collectively under their Family Office Account Structure
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stevio
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Post by stevio on Mar 16, 2019 18:45:00 GMT
BDO has provided a new FAQ on the site which covers this development.
NB There is a fairly obvious typo
Tagging star dust as keeper of the Coll archives After reading that I am left wondering if those that haven't replied yet need too?
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stevio
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Post by stevio on Mar 10, 2019 10:51:43 GMT
Not sure that is even possible, however you, or anyone else, can start a 'how to complain to the fca' thread, with that as the first post. We might even pin such a thread were there to be one. That is a shame, most forum admins seem to be able to chop and merge threads, so just editing the first post didn't seem out of the range of possibilities. Could you not start a thread and then chop in with this one and have your post as the first? If its too much trouble, I understand I dont think a duplicating a thread to separate out pertinent details from a long thread is necessarily wise Otherwise, can anyone kind soul suggest what posts would be useful to review here?
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stevio
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Post by stevio on Mar 10, 2019 7:14:56 GMT
For anyone who is thinking of submitting a complaint to the FCA but hasn't already done so, time is running out. The 1 year time limit expires at the end of this month, more or less. Now's the time to do it before it's too late. The more of us the better. Are there instructions some where in the 16 pages of this thread? Maybe a Admin star dust GSV3MIaC btc could move the instructions to the 1st post?
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stevio
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Post by stevio on Feb 23, 2019 6:36:39 GMT
In which case I will heed your advice and start shifting to the equivalent income paying units and get my abacus out to work out what, if anything, I owe. What a pain - I hardly see the benefit of accumulators tbh (I naively thought they were a sensible tax avoidance mechanism!). Oops! Accumulation units do pay dividends still, just they are automatically reinvested inside the investment vehicle. In a taxable account, you have to account for them still to HMRC, just the information is often not provided/not easy to obtain from the broker. Therefore, in a taxable account Income units are easier to manage. In a tax wrapper (SIPP/ISA), you dont have to report dividends, so if you want to save on reinvestment cost of dividends, accumulation makes sense You may wish to use up the Capital Gains Tax allowance if you have a gain this year anyway, so selling and re buying may actually be of benefit. I believe selling acc units and buying income units meets the 30 day bed and breakfast rules. You might want to look at Bed and ISA/Bed and SIPP with your provider, this can make a small saving on dealing costs and transfer your assets to a tax free account (provided you have allowances)
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stevio
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Post by stevio on Feb 10, 2019 17:13:43 GMT
FAANGS are generally very volatile assets and I'm not sure a B&H would naturally add those to their holdings I won't comment on the majority of your post, except to say if it works for you great, but I'm still not entirely convinced of the merits of what seems to be a strategy of making decisions predominantly off the back of the writings in the Economist. I say this both because of the nature of the content and the general editorial process (both itself and the unavoidable lag). Don’t misunderstand me, i’m not doubting the Economist is a decent publication. However, in relation to FAANGS. I'm afraid I don't buy your counter-argument. Either you're a buy and hold or you're not. Sure FAANGs might not meet everyone's risk profile, but that's a different kettle of fish as to whether or not they can be considered b&h assets. Personally, in one of my B&H portfolios I hold two of the aforementioned (I certainly wouldn't buy all FAANGS ... but the two I have are worthy causes). I've held them for some time. I don't give two hoots to the short-term volatility caused by idiotic day-traders. However I can tell you that holding those assets has been rewarding (I've made back the book cost and then some !). What are the two FAANGS? Amazon and Apple? or Google? my guess!
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stevio
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Post by stevio on Feb 8, 2019 8:02:24 GMT
Actually we do lots. What we don't generally do is requote stuff we object to, in order to add a line. That, of course, bypasses the 'block member' effect, unless everyone blocks the quoter as well. If you think someone is a troll, STOP FEEDING THEM.
Because someone objects to the handling of this loan, that doesn't make them a troll, just someone you/I don't, in this instance, happen to agree with.
Its not the objecting to the loan that concerns me, its the constant posting for no real reason or substance, done in a overly polite way to disguise the purpose of their goading This creates a huge amount of "noise" making it very difficult to gauge any real information, which I thought was the point of this forum and bookmarking a thread It puts others off from sharing information to the wider group (I know this has happened already, not just me but others) and platforms probably just give up reading this garbage and contributing as they haven't the time to waste I realise I am adding to this "noise", which is probably exactly what the trolling wanted so I wont comment further. I guess I just expected more from the moderation
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stevio
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Post by stevio on Feb 7, 2019 20:27:30 GMT
A lot of people bookmark threads so they stay up to date with latest information I doubt the above stops the update firing for quite frankly the complete rubbish being posted here from people with nothing better to do than troll forums, even if you are able to hide it when you get here Sorry stevio - but I get the developing impression you're going to find yourself in a bit of a minority here?
Just one question - that reference you made about folks who allegedly have nothing better to do than troll forums - does that concept also apply to the same folks who allegedly have nothing better to do than read them?
Have a great evening. www.youtube.com/watch?v=MGhMdT_C-vQ
Deluded troll continues and Mods do nothing then
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stevio
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Post by stevio on Feb 7, 2019 18:01:23 GMT
/mod hat on
Actually, for those who haven't found it yet, this forum does have a filter facility. Just select/click the member you don't want, drop down the cog icon, and 'block member' .. I assume that is available to mere mortals, as well as admin staff ...
It certainly is and a much better solution (IMHO) to banning people. A lot of people bookmark threads so they stay up to date with latest information I doubt the above stops the update firing for quite frankly the complete rubbish being posted here from people with nothing better to do than troll forums, even if you are able to hide it when you get here
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stevio
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Post by stevio on Feb 7, 2019 15:56:11 GMT
Actually, despite previous moderator cleanup, it seems that the thread is determined to descend into personal insults, pointless point-scoring, and off-topic rambling. Before various people get to take an enforced break, perhaps it would be good to go revisit the forum rule about postings being 'polite and constructive', or words to that effect.
I am in this loan Yes, it is late (and has been extended) HOWEVER it is still paying interest last time I looked (which puts it streets ahead of many others)
It would be nice if there was a 'sell out' option for people who can't hang around for the grand finale, but maybe variable SM pricing will fix that (I'd buy some more, but not at 100%). Next time you see a large development loan, in Liverpool in particular perhaps (or Hull, or .. ), you'll know it probably won't run to schedule. This should not be a surprise though .. ask FC, LY, FS, AC etc. As far as I can tell only about 10% of such loans are hiccup-free, and 25%+ are complete disasters (due to lack of 'skin in the game' by the borrowers).
MODS - something needs to be done about this thread - Please just ban them and put us and them out of their misery!
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