starfished
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Post by starfished on Apr 24, 2021 11:23:28 GMT
Some good news coming out of Israel: www.bbc.co.uk/news/world-middle-east-56868383If you look at Chile, third highest vaccination rate on the first graph but still rising cases in the second chart, it does show how hard it is to separate the impact of vaccination, lockdown vs other effects like new strains (e.g. no doubt they are more impacted by the Brazilian strain compared to say Israel).
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starfished
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Post by starfished on Apr 13, 2021 22:03:09 GMT
the majority of my loans had no overcharge (flexible), the growth loans only charged 0.5% is this what you mean as I've had no other charges? That was the case for me as well. But I suspect it depends very much on which generation of loans you had exposure which is a function of when you joined.
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starfished
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Post by starfished on Apr 7, 2021 17:42:58 GMT
Gosh we retail investors are a tough bunch! They are really not going to miss us
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starfished
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Post by starfished on Apr 2, 2021 9:43:36 GMT
Yes, they were Growth. I listed mine for sale on Thursday 25th of March too. But I happened to notice I was able to sell the loans before I received the email from LW. I listed them for sale at 15:30 and received the email 3 minutes later. So I must have been one of the first to list. Do you mind me asking, what email you are referring to? I'm not looking to sell but the only email I received from them stated " We’re pleased to announce that the loan sale feature will be available from Wednesday 7 April"
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starfished
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Post by starfished on Mar 29, 2021 16:56:09 GMT
In terms of 4th, 5th and 6th on the list (Crowd Property, LoanPad and PropLend), anyone in all 3 and if so how would you compare them? I'm in all 3 and rate them all highly. They are all similar in that they offer property secured P2P loans, all with virtually unblemished records so far (PL suffered a small loss on 1 loan according to their stats). All 3 have sailed through Covid without any issues that I'm aware of. IMO, Loanpad is lowest risk with commensurately lower rates. I use it like a high interest bank account, which is frowned upon but I maintain that its OK in certain conditions (see here for an explanation). One great thing about this platform is there is no cash drag as all funds earn interest as soon as they are committed to an account, even the portion that's not assigned to any loans. I would invest more with CP if it was easier to get funds deployed. Their professional reputation means that they are very over subscribed (usually up to 20 times oversubscribed. I tend to trust this platform more than others, to the extent that I do very little DD on their individual loans now. PL are also very good. One of its differentiators is that you can invest in different risk tranches to suit your appetite. Another is that there is a £1k minimum per loan, which will make them unsuitable for some. Their loans are also often oversubscribed, but they've got a new Auto Invest feature that should help things, but it might take them a while to iron out the wrinkles. In short, I like all 3, and am happy to add funds to all. Thank you! Looking for a home for RS funds. For the last 10 years aimed to have c.10% (of non-pension savings) in P2P. In recent years that 10% has been difficult to hit due to natural run down of RS and others. I had previously shied away from property/SME only P2P but recently thought I might dip a toe. I'll look into LoanPad/CP more (PL discounted due to the min investment size).
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starfished
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Post by starfished on Mar 29, 2021 16:05:33 GMT
In terms of 4th, 5th and 6th on the list (Crowd Property, LoanPad and PropLend), anyone in all 3 and if so how would you compare them?
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starfished
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Post by starfished on Mar 29, 2021 12:32:33 GMT
Thought it was the Duty of the Directors of the Failed company to Assist/Cooperate in Administration (as and when needed). Moreover, the Administrators were already involved in most of the Loans - from much before the Adminstration (to the extent of arranging further Loans and Completing Unfinished Builds).
So, Admins charge WindDown Fees + Platform Admin Fees + Directors (MoneyThing) charge again
Retaining MoneyThing Admin Staff is different than retaining the Directors (either on a Fixed Cost or Consultancy basis).
Not sure if MoneyThing would continue to Charge the 2% per Annum Admin Fees too.
I think, it is over the top.
"Assist/Cooperate in Administration" is not the same as asking someone to work for free...
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starfished
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Post by starfished on Mar 27, 2021 13:15:18 GMT
The treasury committee is waiting for a response from Mr Bailey following his recent appearance (LC&F). I would certainly like to see him appear before the treasury committee to answer questions on Col he certainly knows far more than he has ever said and was disclosed in this letter to Lord Myners. For the record he was first informed of the Col problem on 09-12-2017. I have to wonder whether it might have been easier to actually do his job well rather than spend all of his time perfecting his teflon sheen for future consequences. I suspect it was a job he knew going in, couldn't be done well (based on the government's priorities at the time) plus it wasn't the job he actually wanted anyway (the job he now has)...
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starfished
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Post by starfished on Mar 25, 2021 20:11:26 GMT
I just deposited my replaceable amount and it was accepted - so far so good. Surely the test is if you can get it back...
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starfished
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Post by starfished on Mar 14, 2021 21:20:05 GMT
Given the recent headlines on obesity impact on Covid deaths, thought some might find this interesting. About 10 mins long, I think all of it is worth a listen but if short of time main message being c.2.5m deaths would still likely have been c.2.4m deaths in a world of no obesity... www.bbc.co.uk/sounds/play/w3ct0pyt
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starfished
Member of DD Central
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Post by starfished on Mar 7, 2021 18:46:52 GMT
I suspect a distinction could be drawn between the expectations of group "1", those who were in P2P before the FCA got involved and group "2" those that joined p2p after the FCA got involved.
My sense is that group "1", didn't see the FCA approvals/authorisations bringing any real additional protection or benefits (beyond ISA access). Some posters for a long time have called it the wild wild west right from the start. While somewhat harshly stated, it is a fair description.
While the FCA did get some things wrong in p2p (as they do in other more established markets), my sense is that group "2", also had unreasonable expectations about what FCA's involvement in P2P really meant in practice.
Retail P2P has largely failed as a model but I am glad they had the opportunity to try. What I am not sure is how you balance allowing future nascent industries to develop and take risks while managing the expectations of people going in, without having a highly interventionists (expensive) financial regulator?
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starfished
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Post by starfished on Mar 1, 2021 15:42:59 GMT
If things go according to plan, Junior parkruns from April, Adult parkruns back from early June... blog.parkrun.com/uk/2021/02/26/restarting-parkrun-in-england/A lot can happen between now and then. They have announced a return before which they had to pull back from. I know this may cause some concern for some but at some point we do have to try to return to normal life...
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starfished
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Post by starfished on Feb 24, 2021 17:43:28 GMT
Has anybody actually said that you aren't European? The question is national identity, European would be a continental identity The question is obviously about self-identification or you wouldn't really have British in addition to the other options. Up until 2016, I would have identified as British or a Londoner. I would probably would have shied away from saying I was English (because I felt I was the wrong colour for people to believe I was truly English) although I obviously support the English Football/Rugby Union team (I don't understand that Rugby League business though ) Now I fear what it means to be British feels more fractured since 2016, so not sure what I mean when I put down British now.
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starfished
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Post by starfished on Feb 24, 2021 13:55:09 GMT
I suspect the "invitation" applies to the online completion option. If you don't do that, then people start to visit the property which is where the legal element I suspect kicks in...
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starfished
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Post by starfished on Feb 20, 2021 12:17:27 GMT
Not exactly flying out the door but if everyone's like me they haven't had their funds credited. Not sure weekend launches are the best idea Odd my email announcing it ended up in my junk mail folder (other emails from them hadn't). I wonder if that happened to other too. Found out here...
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