starfished
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Post by starfished on Dec 4, 2014 14:55:44 GMT
Market possibly illogical, though I can think of arguments why the rate curve shouldn't necessarily always be upwards
Plus timeframe comparison is closer to 1 year vs approx. 1.5 years (the 3 year has repayments)
I suspect 1 year is higher due to limited other options relative to the many other options on the 3 year repayable P2P market front?
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starfished
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Post by starfished on Dec 1, 2014 14:41:41 GMT
"This leaves £33.5m of pre-safeguard loans"
Wow! I find that quite a big surprise. Only 10.33% of the current loan book is pre-safeguard within seven months of safeguard starting.
Not surprised I have to admit, I started with Zopa in 2010 and more money went in at the start than now (these days more likely to be withdrawing due to not being able to relend) and my pre safeguard remaining exposure is only c. 20% (total lent out % is 70% pre safeguard). My Zopa has a higher level of early repayments (compared to what I have experienced in Ratesetter)
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starfished
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Post by starfished on Nov 26, 2014 15:03:10 GMT
About 50% full and only accepting specific amounts so no longer can squeeze out your last 1p into a loan.
At least now working...
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starfished
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Post by starfished on Nov 7, 2014 0:21:28 GMT
Thanks for confirming.
Odd Mozilla still down saying "Site update in progress" but IE works fine....
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starfished
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Post by starfished on Nov 6, 2014 19:48:58 GMT
Not been able to log in sisnce yesterday, any one else having the same problem? Using mozilla. Thanks
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starfished
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Post by starfished on Oct 10, 2014 17:47:28 GMT
Got a similar quiz on crowdcube. I guess on the back of the earlier FCA consultation.
I thought the bar for experienced investor included having invested before in p2P in the last few years.
Also I thought the % cap applied to new Money after 1 October?
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starfished
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Post by starfished on Aug 15, 2014 18:08:48 GMT
My discomfort with "pure capitalism" arguments on what the true cost of Labour is that it fails to acknowledge in many ways society has never been a pure capitalist system and rarely ever comments on what we should do about the resulting human cost.
The reality is that we as taxpayers are subsidising low paying companies already via tax credits, housing benefit (which is mostly paid to people in work I understand).
If their business model means they cannot turn a profit without us paying their wage bill then perhaps some things shouldn't be run for profit...
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starfished
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Post by starfished on May 21, 2014 22:14:08 GMT
I would agree. My projected return is currently 15%, but many of my investments are new so have not started paying back nor defaulting yet. I hope it will creep up to closer to 20%, and with defaults, end up as around 15%. I shall see. Still in "seeing and hopeful" phase... On a small tester amount after 18mths over E200 of interest but nearly E100 60+ days late and another nearly E100 late, but under 60 days. 75% of my loans 1000 rated, another 10% 900 rated, almost all belonging to group A. Bondora calculates my return as over 20% (gross). I estimate about 8% (gross) prudent assumption being made on the lates. With exchange rates and tax taking a big bite currently sitting on -6% net!
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starfished
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Post by starfished on May 10, 2014 8:54:25 GMT
Dug a bit more and it appears to be weighted by next instalment rather than balance remaining. For 1 and 5 years loans negligible difference between the two but for my 3 year one it appears to make a bit of a difference.
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starfished
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Post by starfished on Apr 21, 2014 21:29:18 GMT
Thanks. Like you all, I am currently weighting by balance remaining. However, I am off from the RS figure. I half wondered if time was also a factor but that doesn't seem to be the case (made the gap bigger).
It was close in the past so RS or I may have since changed something. I'll give it a few days and look again.
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starfished
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Post by starfished on Apr 21, 2014 9:29:24 GMT
Morning
Does anyone know what the weight is to calculate the average rate on the "Your Money On Loan" page. Is it the current balance or the original loan amount?
My 1 and 5 year weighted spreadsheet average is close to the site but not my 3 year one (RS is much much higher). Want to make sure I am not missing something, made a formula mistake somewhere.
Thanks
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starfished
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Post by starfished on Mar 13, 2014 23:32:44 GMT
Just wanted to say that the only outstanding Listing that I now have is the 'final' one, a laptop loan to an OU student at 1% to mark the end, and, much against the advice of GG I had almost 50% of my investment in carefully selected Listings and all have repaid without a single default. Thank you to all borrowers. I bid on the last one too for nostalgia sake. But to get no defaults was quite a feat. How on earth did you do that? I think I specialized in them. About half my total defaults have been with Listers all springing I think from the 08/09 infamous period. I still have 7 distinct loans running (another 29 late/arrangement). I put in just under 5k, I've not got back all my capital but the if I add on the interest I'm about £200 ahead. I count it a lesson, I just hope I've actually learned it. I always remember the guy or couple called TEMPERHOT who almost always threw hundreds if not thousands at every Listing. He often got some very high amounts at high rates, but made it very difficult for others to get the appropriate rate. Admittedly small sample and missed 08/09 (joined mid 10) but out of my 23 Listings no defaults which is not bad going... Really enjoyed Listings!
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starfished
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Post by starfished on Mar 9, 2014 18:17:24 GMT
Thanks!
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starfished
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Post by starfished on Mar 9, 2014 9:57:05 GMT
16 worth €910 temporarily not on sale because payments are due to happen soon. Once on sale, how do you cancel a resale? I have had an uptick of sales recently after a week or so of nothing but small sample so could be nothing.
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starfished
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Post by starfished on Feb 19, 2014 21:34:31 GMT
My understanding was that not only do you not get tax relief but a penal rate of tax is applied to the extra amount so it is unlikely to be in anyone's interest to do so.
However if you have not used up all of you allowance of the previous year you could use that as well, or did that go.
Also certain events are outside the annual allowance I believe. E.g redundancy contributions.
(not financial advisor, not advice, seek independent advice, etc)
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