KoR_Wraith
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Post by KoR_Wraith on Mar 16, 2020 12:56:49 GMT
Under-resourced = insufficient resource to fulfil demand. As we seem to experience most years now (but never used to). I think we can safely assume that increased handwashing amounts to roughly 0% of national water usage.
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KoR_Wraith
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Post by KoR_Wraith on Mar 15, 2020 22:30:55 GMT
This seems a big deal to me. More money raining down.
Seems like the Governments will not let the stockmarket fall at all.
They did the same in 2008.
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KoR_Wraith
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Post by KoR_Wraith on Mar 13, 2020 19:04:14 GMT
The loan launched at 6pm today looked very generous compared to the last 6 months.
Coincidence? I think not.
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KoR_Wraith
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Post by KoR_Wraith on Mar 12, 2020 23:18:14 GMT
I've seen a lot of Westerners living in the Far East contrast the significant differences in behaviours between our two cultures. In short, the societal attitudes of the Far East have proven hugely beneficial to controlling the pandemic's impact and without mirroring those behaviours the West is setting itself up to replicate the path taken by Italy.
I've rotated 90% of my pension into cash; an Italy situation in the US will make VWRL at 56p a distant memory.
I'll concede this is essentially a market-timing argument and that in 6 months VWRL at 56p could well be judged a great bargain, should, for example, the infection rate fall away with warmer weather.
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KoR_Wraith
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Post by KoR_Wraith on Mar 3, 2020 9:46:34 GMT
COVID-19 Mortality Rate May Be 'Considerably Less than 1%' "...the overall clinical consequences of Covid-19 may ultimately be more akin to those of a severe seasonal influenza (which has a case fatality rate of approximately 0.1%) or a pandemic influenza (similar to those in 1957 and 1968) rather than a disease similar to SARS or MERS, which have had case fatality rates of 9 to 10% and 36%, respectively." www.medscape.com/viewarticle/926089 Indeed. The number of cases is essentially unknown as this can only be discovered by testing every single person, multiple times. I have no doubt that the current ~88,000 cases is significantly less than the true number, especially in China. It's obviously still a concern, but this is not the society breaking apocalypse that it was originally feared to be. I point to the lack of mass funeral pyres as supporting evidence. That being said, I still expect it to significantly impact supply chains (due to fear-induced heavy handed behaviour) and health services (limited capacity to deal with anything above the norm). Full disclosure: I say this as a (relatively) young person with no pre-existing conditions.
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KoR_Wraith
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Post by KoR_Wraith on Feb 28, 2020 17:42:05 GMT
Don't worry, I am still awaiting the mega-refinancing of all those motor stocking loans, due in August 2019. I've a theory that cars may appreciate in value if (when?) Brexit disrupts import/export. Whilst negative in almost every way, such a situation would perhaps aid the security of said motor stocking loans.
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KoR_Wraith
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Post by KoR_Wraith on Feb 28, 2020 16:49:49 GMT
This makes the discussion in the other thread regarding loan origination even more pertinent.
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KoR_Wraith
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Post by KoR_Wraith on Feb 28, 2020 14:43:48 GMT
Anyone buying the dip as of yet? I'm after some more VWRL. Despite the big falls this week though, we're still only 9% off the top and where we were back in late October 2019. I might regret this, but will wait some more before starting to buy more I think. It fell by a similar % in late 2018 for practically no reason whatsoever, so seems a bit early to be buying for this situation. (totally aware that this is me market timing as much as those deciding when to sell. At least I'm still happy with staying put at current allocations if rqd!) I've cashed out 60% of my index trackers for the time being. The current trend indicates to me that panic/worry will continue to rise in the short term.
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KoR_Wraith
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Post by KoR_Wraith on Feb 14, 2020 17:45:31 GMT
Admin note today indicating early repayment in the near future.
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KoR_Wraith
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Post by KoR_Wraith on Feb 7, 2020 12:09:15 GMT
And I bought it on Secondary Market so my loss is even higher. 50% of interest of ABL in last 2+ years. Its a shame that I had just started trusting a P2P platofrm and this happened. ABL must have tried their best but its just my bad luck (or DD) not sure. You and me both, pj. I greedily bought in heavily at discount on the back of the positive resolution rhetoric posted in admin notes at the time. I should have learned my lesson after making the same mistake with Lendy DFL004! This is a painful loss. There were significant unforeseen circumstances which led to such a poor return and, whilst I'm absolutely gutted, I trust Ablrate fully explored all options. One thing of note, Ablrate is usually very good at communicating but I received no email alerting me to the outcome of this loan other than the standard 'Payment Made' communication. Lenders not using their initiative to delve further may still be in the dark as to their situation. ablrate Can you confirm that the amount listed in "Your Investment" for this loan is the amount of capital outstanding after the settlement payment? You mention "There are other matters wthin the business that we are looking at"; I understand there are no guarantees behind this statement, but are you able to give a gut feeling as to the likelihood, scale and timeline of any further repayment (eg. slim chance of minor payment, concluded within 6 months)? Additionally, at present the capital loss outstanding is shown positively in my "Total funds in this account", are there plans within the new UI to make clear the amount of funds deemed unredeemable? My preference would be for the loss on such loans to be removed from my top line total funds figure, as clearly I am no longer in possession of such funds.
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KoR_Wraith
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Post by KoR_Wraith on Jan 29, 2020 17:33:50 GMT
I get the impression that its just the sufferers with preexisting conditions that get wiped out. Why do they all seem to originate in China? Is it people living close to animals/poultry? If so,why not India or other similar? Is it acold climate thing? From Google: "China sees a lot of unsafe animal-human interaction, which is behind the spread of most of these zoonotic viruses, which transmit from animals to humans. And, unlike India, the animal markets (wet markets) have live animals, which are kept in closed space and culled for fresh meat." I can only imagine this most recent scare will lead to changes in how these markets operate.
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KoR_Wraith
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Post by KoR_Wraith on Jan 28, 2020 20:34:18 GMT
A scond charge on shoes doesn't sound too attractive! Ahh, I thought you were referencing the cancelled boat loan
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KoR_Wraith
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Post by KoR_Wraith on Jan 28, 2020 16:19:37 GMT
The last ABL loan was a bit Huddle-esque I thought. I beg to disagree; on Huddle we'd have had second charges on the mentioned property at 85% LTV
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KoR_Wraith
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Post by KoR_Wraith on Jan 28, 2020 14:48:43 GMT
I assume this is the case.
I emailed them several months ago enquiring about the lack of new loans but received no response.
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KoR_Wraith
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Post by KoR_Wraith on Jan 28, 2020 13:40:19 GMT
"It has transpired that the borrower did not have title to the Micro Sculptures and had fraudulently used them as collateral for the loan. West Midlands Police and Thames Valley Police have been in contact with the Joint Administrators in relation to the return of the Micro Sculptures to their owner. The security is being reviewed on the other three Properties that the borrower has with FundingSecure to establish whether there is are any available funds." In my mind this is far worse than a dodgy valuation. Asset-backed lending 101: make sure the borrower owns the asset! Surely criminal charges should be pressed against someone in this situation.
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