hazellend
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Post by hazellend on Oct 11, 2018 19:55:24 GMT
I like both, but prefer the stock market as you don’t need to monitor it all the time like P2P. I just buy and hold Some p2p have loans that are long terms with interest paid upfront. I find aggressive managment reaps rewards and if you can sell before due your default rate is restricted to the few you can't sell all of which should be 0.1-1% of your total.
As with all gambling knowing when to get out is the hard part. Stock losses are a must
Heard it all before. Not interested. Stock market goes up and down, but in the long term it will go up (don't invest if you disagree with this).
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hazellend
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Post by hazellend on Oct 11, 2018 18:54:41 GMT
Recent history would suggest this is a size of loan that MT currently can't fill, seems to have nothing special going for it and quite a few unanswerable questions. However the 6 month interest up front seems to be attracting some attention, which is odd. Given you would normally receive the interest monthly the additional benefit even if it was invested at 12% would be a very poor return for being locked in for 6 months. Logically you should be able to put 1/6 off your holding on the SM each month. I know Moneything can only bring to market what is available to them and there is obviously pressure to keep the supply line active but I suspect this one will linger and linger. Really needed to be around 14% to give it a chance. I could be wrong, has to happen eventually. I think this one will fill at 12%. The security is better than usual.
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hazellend
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Post by hazellend on Oct 11, 2018 14:21:53 GMT
I like both, but prefer the stock market as you don’t need to monitor it all the time like P2P.
I just buy and hold
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hazellend
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Post by hazellend on Oct 11, 2018 9:25:59 GMT
Payment to lenders is now marked as late for this month (due yesterday). Let's hope this is due to administrative delays at Huddle Capital rather than an actual late payment by the borrower. Paid!
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hazellend
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Post by hazellend on Oct 9, 2018 19:30:38 GMT
If it recovers all my monies I'll put a stamp on moneything as a trustworthy company and invest much more! I'm getting a bit worried these days with p2p lending. Lendy being one of the most worry-some today but who knows what will happen next I’m not sure you should be investing more to be honest. If P2P is going to stop you sleeping well then best stay away
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hazellend
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Post by hazellend on Oct 9, 2018 7:23:34 GMT
Was it really necessary to start another new thread ?
Mods please merge this with the trust pilot thread or something similar o
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hazellend
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Post by hazellend on Oct 8, 2018 20:54:30 GMT
Given the new valuation, I am very hopeful of a full recovery here, which would likely encourage me to re-start MT investments, this being my only MT default. How can that be a full recovery when they start advertising at half the value £600k of the valuation value? (£1.2M) With the accumulated interest + legal fee + administration fee... How is it going to reach full recovery even if £600k is achieved? It may also not reach this amount! I feel scammed... You haven't been scammed. P2P is clearly not for you.
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hazellend
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Post by hazellend on Oct 7, 2018 13:35:09 GMT
I didn’t get an email either
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hazellend
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Post by hazellend on Oct 6, 2018 11:26:34 GMT
I seem to have been luckier than you - I have lost 2 months of income on the revaluation. Trying to work out if I have been unluckier than average or not, but I am struggling a little, as there is much talk of total returns. The other difficulty is my average gains and losses on properties seem okay, but gearing is having a bad impact. Need to look at this more carefully in the morning. Dividends received: £2613 Valuation gains: -£2774 Transaction costs: -£1614 I was always in if for the longer haul (5 years plus) and wanted some residential property as a diversification, but so far a poor return (made worse by the dividends being taxable). 2k of dividends are are tax free. One of my properties dropped 15% so share price down by 30% as leveraged. PP think it is an erroneous valuation due to an offshore fund distress selling some flats at firesale price in the same development and should bounce back
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hazellend
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Huddle Capital
5% Cashback
Oct 5, 2018 21:42:05 GMT
via mobile
Post by hazellend on Oct 5, 2018 21:42:05 GMT
There's been a full page advert in P2P Finance News for several months stating "Get 5% cash back when you invest" however the T&Cs don't describe this offer.
Does anyone know how much must be invested / how long it must be invested for / when the cashback would be paid?
I've phoned them three times over the last month and nothing's happened. I may not be eligible for cashback but it's frustrating not to get any feedback.
Can't answer the query but if I'm honest the smart money is getting out. Their largest loan is to a company which may be in administration but linked to a company which definitely is (see B*****g n***t threads) and the other loans are small scale The big rewards were at launch (20% CB) and I suspect most of the revellers have long left the party. JMHO I’ve been scaling up because I like their loans and ABLrate bought a stake in the company.
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hazellend
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Post by hazellend on Oct 4, 2018 14:09:18 GMT
Why do you think Lendy are making a loss? They have multiple income streams including free money from investors leaving their money sitting on the SM. While we can only speculate on their current profitability, it a fact that staff costs have increased (as they keep trumpeting their new hires in the recoveries dept) and legal costs must be substantially higher due the huge increase in defaults. At the same time a very large decline in the IOA live loan book has reduced their revenue. Costs UP and revenues DOWN is not a great place to be for any business. Legal costs are presumably paid back to Lendy before recoveries are distributed to lenders.
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hazellend
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Post by hazellend on Oct 4, 2018 13:28:23 GMT
I think it would be fair bet to suggest that the next set of accounts filed will show that Lendy is now making a loss. I also don't think it's likely that most of the employees at Lendy are aware of this. Why do you think Lendy are making a loss? They have multiple income streams including free money from investors leaving their money sitting on the SM.
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hazellend
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Post by hazellend on Oct 4, 2018 12:33:51 GMT
My congratulations to all that knew. My interpretation of the previous updates was that the building was almost finished and little extra work was needed. It is acceptable to suffer delays and defaults. It is not acceptable to have capital loss on secured loans with a 30% safety margin. It is acceptable. What is unacceptable is that a lot of people investing don’t seem to realise this
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hazellend
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Post by hazellend on Oct 4, 2018 10:37:11 GMT
Looks like I spoke too soon! That is a shame, I was hoping the student buildings be 6% plus, can invest in an IT for around 5% yield.
Also noticed the listings time limits are off, the other student one is still on until it fills so another change as well.
Yeah a bit cheeky to have removed the time limits. Where they ever really time limits or just motivation for investors to get a move on? The time limit on Huddersfield got increased, then went past that point and now no limit is presented. They must really want to fill this one. In the past PP have offered me incentives like 5% cashback to invest but it seems they are trying to break away from this
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hazellend
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Post by hazellend on Oct 4, 2018 9:55:51 GMT
So is the huddle loan defaulted already?
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