ashtondav
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Post by ashtondav on Oct 15, 2021 12:04:09 GMT
3% is pretty good. In the heyday of Z, when BS rates were 5% I used to get an extra 40% or 50% - 7% to 7.5% on my Zopa account. Now BS rates are 1% or less. I’m getting 3 times that rate!
its a shame p2p is dying. The likes of RS, AC, Z and even FC got me very decent returns over a number of years. Now I’m trying loanpad, Proplend and unbolted. But I’d far prefer retail lending.
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ashtondav
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Post by ashtondav on Oct 5, 2021 14:16:38 GMT
Nobody at Zopa is old enough to remember what a cheque was (is)
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ashtondav
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Post by ashtondav on Sept 11, 2021 14:33:43 GMT
He remains a board director so still gets some pocket money to go with the £20M he made when he wisely sold his shares. However, the article did point out he’s dabblingin them again and still holds a 5% stake.
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ashtondav
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Post by ashtondav on Sept 1, 2021 17:55:45 GMT
So. Is there any black box account other than loanpad where I can invest in p2p? ![???](//storage.proboards.com/forum/images/smiley/huh.png)
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ashtondav
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Post by ashtondav on Aug 25, 2021 17:43:08 GMT
Just wait til the next stockmarket crash. Your 30%+ loss will make you go green for 3% - 4%pa from p2p...
im not saying avoid the market. I’m saying diversification is GOOD. Not saying AC is the p2p option, though.
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ashtondav
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Post by ashtondav on Aug 10, 2021 17:26:23 GMT
HL couldn’t organise a p1ss up in a brewery. They’re incompetence at ISA transfers beggars belief, and can only be down to the shortage of talent in Bristol. Or just incompetence.
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ashtondav
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Post by ashtondav on Jul 21, 2021 15:54:40 GMT
Well, yes ok. But new CBIL applications ended end March. Four months ago!
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ashtondav
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Post by ashtondav on Jul 21, 2021 13:21:25 GMT
Damned irritating, as I’ve now got a large sum I want to go into p2p and I’d like to split it AC and LP. I really struggle to understand why AC will not reveal either their intentions or their plans.
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ashtondav
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Post by ashtondav on Jul 16, 2021 8:30:22 GMT
Given that it’s well nigh impossible to get anything invested in anything AC I fail to understand ![>:D](//storage.proboards.com/forum/images/smiley/superangry.png) they advertise any account!
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ashtondav
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Post by ashtondav on Jul 4, 2021 10:49:13 GMT
You can rest assured that deposit rates will not exceed inflation. You have to look beyond cash deposits to have a chance of not seeing your stash decrease to zero. The focus of the government, and bank, is borrowers not savers.
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ashtondav
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Post by ashtondav on Jun 26, 2021 10:47:27 GMT
Ok, so if lenders are quitting why can’t my idle funds be invested?
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ashtondav
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Post by ashtondav on Jun 25, 2021 12:22:15 GMT
Hargreaves Lansdown? ISA transfer? ![>:(](//storage.proboards.com/forum/images/smiley/angry.png) They’re a disgrace to the industry...
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ashtondav
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Post by ashtondav on Jun 25, 2021 12:20:04 GMT
Hang on a moment. If (I agree it’s an “if”) lending resumes in the next month or so it won’t take long for the AAs to be taking money again. The “we’re all doomed” scenario is that retail lending NEVER resumes. I think even AC might have communicated an intended exit from the retail market. And surely they would not still be accepting new and transferred ISA money (or would they?)
But in the short term where does one splash the money which is piling up from Zopa, FC, AC etc? I’m heading for loanpad but even they’ve started increasing their LTVs. I am beginning to think it will be the new year before we leave the C19 economics behind.
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ashtondav
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Post by ashtondav on Jun 20, 2021 17:43:50 GMT
Oh dear me, the doubters are out and about.
16 years with big Z and still making more than in the BS. In fact over those 16 years better volatility adjusted returns than from some of my equity investments. And no 30% drawdown in 2008 and 2020. Am I delighted with Zopa? No, not totally, but I’ve never lost money.
AC have screwed up by pretending it was an instant access account, but I’m still coining in 4% pa for the last few years, caning inflation and BS accounts.
FC and RS sadly gone for retail investors but I made a tidy wedge with them, we’ll until FC went IPO crazy.
So of course it’s investable if you want an asset that sits neatly between equities and deposits, why the hell do you think investment funds are buying into it? Of course if you don’t want that then just buy the alternatives.
Gold, equities, hedge funds, bonds, gilts, private equity, property, commodities, cash, p2p - even bitcoin, all have a role to play in a diversified portfolio. If you feel uncomfortable with one or more of them then ignore. Of course like Woodford in unit trusts and Madoff in hedge funds, you’ll always Find some shady dogs. My p2p howler was FS, but luckily only a few quid.
So based on 16 years of successful p2p investing, yes it’s investable. Very investable.
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ashtondav
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Post by ashtondav on Jun 18, 2021 7:11:55 GMT
They’ve made errors. But no ones lost money with ac. Interest at 3 or 4* BS rates has rolled up nicely, thanks.
Unlike FC who’ve quit, Zopa, whose rates go up and down like a whores drawers, RS who’ve quit and as for LW(rofl) . Those four alone show the difficulty of navigating the Covid years. And when you add in the ones who are now in administration AC fall no where near the bottom of the p2p pile. In fact probably top half, if not top third for the BIGGER players in the game. Of course there’s tiddlers like LP and PL who are better, but among the big boys...
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