09dolphin
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Post by 09dolphin on Nov 11, 2016 6:08:07 GMT
Hoped to get initial investment back. To get interest as well will be a great bonus - just in time for Christmas too.
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09dolphin
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Post by 09dolphin on Sept 30, 2016 11:43:01 GMT
I expect to inherit £250K+ (will get the cash) in the next couple of months.
Presently I have about 60% of my capital invested in stocks and shares, 20% in standard building society accounts and the remaining money in 3 P2P accounts. I also have a secure pension which is enough for my present day to day needs + a house without a mortgage.
I want to keep some money easily available (building society) but feel I have enough for my needs even if some disaster happens - and it's so so safe even if interest rates mean it's not maintaining it's value. I have concerns re stocks and shares in view of brexit so not sure if I should increase my exposure by much. However I do intend to put in more as it's intended as a long term investment (10+ years) and past investments have worked for me.
The best place for returns at the moment seems to be P2P sites even though there is the risk of default, site going out of business etc so there is a risk.
With £175K to invest would forumites suggest I spread the risk by using another 2 or 3 sites, stick with FS as they offer reasonable security for loans which some sites don't (in my view). I do intend to leave my Ratesetter and Zopa accounts funded at the level they are.
I do have a PFA who really doesn't like P2P and tells me that a maximum of 10% of my capital should be invested on these sites.
Advice or views would be greatly appeciated
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09dolphin
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FundingSecure (FS) in Administration
Deposits
Sept 2, 2016 16:10:29 GMT
Post by 09dolphin on Sept 2, 2016 16:10:29 GMT
WOW. Just checked again and guess what - my account now shows the money deposited in my account.
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09dolphin
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FundingSecure (FS) in Administration
Deposits
Sept 2, 2016 16:02:15 GMT
Post by 09dolphin on Sept 2, 2016 16:02:15 GMT
Deposited a small amount at 1246 hours (according to my bank) using the quick transfer function.
FS deny receiving any deposit despite checking "3 times". They assert that no deposit tracker was completed. My bank have confirmed that the money was transferred at Lunchtime. I seem to recall completing a deposit transfer although I would not be prepared to swear in court I did so but FS assert no deposit was received despite checking 3 times.
As the money was transferred it seems improbable that FS have not received the money, although I can accept they weren't aware of the receipt until I phoned. What I cannot believe is that "lily" checked 3 times and there had been no money transfer.
I wonder about the honesty of this site.
Obviously I will now be withdrawing all the money I have invested as they are not exactly honest in their dealings with investors.
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09dolphin
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Post by 09dolphin on Aug 25, 2016 22:34:45 GMT
Quite confused about this loan (I am elderly so do get a bit mixed up) which is going live on 26/8/16.
FS state that there is "no value to report other than the certainty that the loan proceeds are being paid to suppliers for materials" and the LTV is reflected at 100% until complete when it will be 50%. I realise the borrower intends to pay for labour and overheads whilst FS will pay for materials.
I can't understand exactly what security is being offered.
Whilst it may be a business opportunity, if there is no security what is it doing on this site?
Can anyone explain - as I said I don't always fully understand.
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09dolphin
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Post by 09dolphin on Aug 18, 2016 16:53:57 GMT
Re above post
Should say I'm NOT interested in renewing. Apologies to all readers
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09dolphin
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Post by 09dolphin on Aug 18, 2016 16:51:48 GMT
There are several loans based on model railway engines and carriages etc.
Up to the present the loans I have invested in have all been renewed on time.
In the recent past there has been a new loan generated on railway models when one or more loans were coming up for renewal which may be coincidental but causes me concern.
FS don't give any information about what the loans are for or the borrower's exit strategy.
I personally think that, because of the lack of information provided and the renewal and borrowing history, that these are investments I am interested in renewing.
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09dolphin
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FundingSecure (FS) in Administration
Defaulted loans
Aug 18, 2016 16:33:43 GMT
Post by 09dolphin on Aug 18, 2016 16:33:43 GMT
Re: South Wales Property.
Great that a sale has been agreed. So pleased for the vendor and investors. Am concerned that the purchase may not go ahead as it only says in the update that the sale has been agreed, but at least it gives hope to all concerned.
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09dolphin
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Post by 09dolphin on Aug 3, 2016 17:57:07 GMT
Not an investment for me as I regard it as far too risky after DD.
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09dolphin
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Post by 09dolphin on Aug 1, 2016 21:18:00 GMT
Someone thinks it's good as they've put in 26K today. I've put in my minimum, £50.00 as the LTV is good and it's a sum I don't mind waiting 12 months + to get most of my money back. If it succeeds I'm really pleased for them and the investors
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09dolphin
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Post by 09dolphin on Jul 14, 2016 13:56:26 GMT
It's a shame there is no facility that enables you to vary (downwards) the money you loan when loans are put up for renewal. There have been a couple of recent renewals I'd be quite happy to have a smaller amount invested in but am not happy to maintain my existing level of investment as the risk has, in my view. increased.
I have already invested the maximum I'm comfortable with on this site so I'm really reluctant to transfer additional funds.
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09dolphin
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Post by 09dolphin on Jul 12, 2016 19:35:05 GMT
Only a few days and the loan will be 1 year old!
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09dolphin
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FundingSecure (FS) in Administration
Defaulted loans
Jul 10, 2016 19:12:04 GMT
Post by 09dolphin on Jul 10, 2016 19:12:04 GMT
Re Bootle loan.
When the first loan was requested the information available said that the intention was to obtain planning permission and then sell the site to repay the loan. The information at renewal states that plans have been drawn up. There is no mention of preliminary meetings etc with planning officers, plans being submitted but not approved or any other signs of real progress.
The delay in the loan filling may be because there appears to have been very little progress in 6 months and people may be concerned that progress may continue at a snail pace, that a renewal of the loan may prove to cost more to the borrower in interest than any profit on a sale and that the stock market is showing little confidence in house builders post Brexit so why should small investors have confidence.
Just my thoughts as to why this loan will continue to fill very slowly.
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09dolphin
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Post by 09dolphin on Jun 28, 2016 23:13:06 GMT
Shame it's taken so long to fill when interest will be paid from 1st. Feel quite sorry for the person taking out the loan
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09dolphin
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Post by 09dolphin on Jun 20, 2016 20:53:37 GMT
Optionstrader. I agree with Investboy therefore it is correct to use "we" rather than "I".
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