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Post by carol167 on Aug 23, 2017 7:41:07 GMT
Anyone know when we get the £50 ? I can't see it anywhere yet and I added & lent one lot of 5k in one of the weeks.
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Post by carol167 on Aug 9, 2017 10:37:25 GMT
Good morning carol167 Hope you're well. Just a quick update on the below... You can now view the weighted average rate on your active loans by clicking 'More' on the 'On loan' box from your lender dashboard. You can also download your loan book as a CSV file to analyse further. Let me know if you have any suggestions for improvements. YaaaaaaaaaaaaaaaaaaaaaaaaYYYY!! Thank you. :-)
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Post by carol167 on Jul 16, 2017 13:43:25 GMT
6.73% return on p-2-p (was higher but I'm reducing slightly) 3.88% return on everything combined
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Post by carol167 on Jul 16, 2017 13:38:34 GMT
Excluding residential property and pension:
stocks inc bonds: 12% (increasing) p2p: 40% (reducing a bit) property: 0% cash: 48% (reducing)
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Post by carol167 on Jun 26, 2017 21:19:17 GMT
I was getting 12 to 15 day waiting times only a few weeks ago. Been dribbling in 10k in lots of 1k at a time. They all go, some quicker than others. Have patience.
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Post by carol167 on Jun 20, 2017 18:42:40 GMT
Sounds like an unfortunate set of circumstances that perhaps were not anticipated and allowed for by their software/them. They cannot hold onto your money which you cannot invest in loans against your wishes, just to satisfy a 120 day rule now that they've changed the goalposts. That would just be asking for a formal complaint. Have patience, I'd be surprised if it didn't get resolved once they realise the trap you're caught in.
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Post by carol167 on Jun 5, 2017 14:30:34 GMT
The arguments about leaving LY or the entire P2P market are fine, but where else is there to go. - UK Equities - Corbyn might just get in or Brexit turns out to be as bad as the remoaners claim or the cycle just turns - I am unhappy to invest further in the Uk Market.
US Equities - so overvalued there must be a crash coming
Global Equities - will be hit by a major US crash.
Bonds anywhere - The story that equities going down = bonds going up - never seems to work in practice.
Savings - virtually all returns have a negative real return.
If I could see a good place to go, I would consider shifting out of P2P, but I can't I'd rather scale back to a smaller amount in p2p and sit the rest in cash savings accounts for, perhaps, a year loosing a little against inflation than risk loosing large amounts due to potentially turbulent times. That also puts me in a position to jump at/on any opportunities as they arise during the next 12 months. I made hay while the sun shone, so can sit back a bit when the seas start getting a little choppy.
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Post by carol167 on Jun 3, 2017 10:41:28 GMT
The cynical part of me whispers: The whole system is rubbish. And, yes, the whole system, I mean not just Lendy or P2P. NHS. Education. Police. Politicians. Banks, stock markets, etc. Morals. It all boils down to greed in society IMO. Alas it will never change.
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Post by carol167 on Jun 3, 2017 10:35:17 GMT
Thanks guys!! for the positive news.
I shall investigate further come August when it matures. It would be great to split it between several P2P platforms and S&S. My other large Cash ISA is on a fixed term to run another year and a half (was a 5 year one) yet but that's ok because I wouldn't want to not have any Cash ISA provision purely for balance and resilience etc etc..otherwise I would say that Cash ISAs are a waste of time currently.
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Post by carol167 on Jun 3, 2017 8:04:32 GMT
am I missing something...is there a form on the LW website to transfer in old ISAs? There is.... Once you are logged in and at the ISA dashboard, select "Transfer ISA" from the menu on the left, then there's a "Download Form" option in the "Transfer in" section. I read in their FAQ though that you can only transfer in whole balances and only from CASH ISAs. Pity, I was hoping to split my lump sum maturing from a fixed term cash ISA in August so I could push 10k LW way. I might have to rethink that. :-(
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Post by carol167 on Jun 2, 2017 22:22:17 GMT
No posts in here for ages... a good sign, unless everyone is asleep or has left the building.
The words "strong and stable" come to mind. (Sorry, topical I know, I couldn't help it :-) That's why I decided on Lending Works for half my ISA allocation for this year (the rest going to tracker funds in S&S). LW may be at the lower end of the rates, and yes, it may be one of the more boring platforms - but I like the warm fuzzy feeling I get from the strong silent types with stable sentiment, unlike some of the other platforms currently blowing hot and cold, peaking and troughing...
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Post by carol167 on Jun 2, 2017 21:52:04 GMT
I have to admit that I've gotten cold feet and finally put everything up for sale a few days ago.... down to my last 6k still for sale.
I hope to feel differently at some point in the not too distant future and will return to investing in Ly, but for the moment my risk taking spidy sense is just too tingling....I have enough fingers in other pies to keep me in bread and cheese for the moment. Sometimes less, is more... more restful nights sleeping in my case. :-)
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Post by carol167 on May 9, 2017 15:09:18 GMT
littleoldlady. If you are happy with 7% (with 75% LTV) then good luck to you - you are clearly the kind of lender that LI are now actively seeking. However, I'll stick with the 12 to 16% (mainly commercial property) loans available on MT, FS, Abl, L and others. I accept they may well be higher risk (caveat emptor) but I don't consider they are double the risk (perhaps with the notable exception of the recent L 'borrower in receivership' offerings!?). If you really want to minimise your exposure you could always try your friendly local High Street Bank - they will be delighted to offer you a pittance for near zero risk! Ouch. Not sure that was warranted....
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Lendy (L) in Administration
PBL 040
May 3, 2017 15:19:16 GMT
Liz likes this
Post by carol167 on May 3, 2017 15:19:16 GMT
Just got a 'repaid loan' email despite not being in the loan Thats new isn't it? So did I, when I sold all of PBL040 months ago - still "Systems" trouble at mill?? Perhaps they are trying to garner a warm fuzzy feeling from everyone with some positive news....
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Post by carol167 on Apr 21, 2017 10:20:26 GMT
So yesterday for various reasons, I finally decided to opt with Lending Works for my FISA for this year (2017/18) and will splt my allocation between LW and index shares.
Within an hour or two of opening my shiny new account... ...the advertised rate for the next week was displayed as going down by 0.1% to 4.4%.
Sigh! God hates me.
:-)
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