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Post by Duane Dibley on Apr 8, 2014 18:22:25 GMT
K*re Plus keeps on appearing and snaffled up via AI.
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Post by Duane Dibley on Mar 23, 2014 12:51:43 GMT
So far, March has seen NOT ONE loan part sold at premium. Nothing. Not even 0.3%. That isn't my experience to be honest. I've been a net seller on FC for the past 12 months or so since new platforms came to the market. Rates have certainly come down over the last few months but all my sales have still been at a premium, generally between 0.5 - 1% at the moment but some still up to 3%. Of course a lot depends on the quality of the loans, mine have usually been A or B's and all at least 18 months old with good repayment histories, but I certainly wouldn't give up hope if I was you. As wysiati says you can't expect to sell recent loans with long terms remaining at a premium, but even so over time I would expect these to sell. As with most things, the secondary market on FC is cyclical and it won't be long before the current low prices pick up again.
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Assetz Capital (AC)
Aberystwyth
Mar 4, 2014 22:42:17 GMT
Post by Duane Dibley on Mar 4, 2014 22:42:17 GMT
In what way is the act of putting more auctions up for grabs related to/impacting on the time taken to drawdown completed ones ? Good question. Maybe it would be best addressed to Assetz Capital themselves. How much effort they are directing at getting new auctions up for grabs and how much effort they are putting in to completing existing ones can really only be answered by them.
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Assetz Capital (AC)
Aberystwyth
Mar 4, 2014 21:01:00 GMT
Post by Duane Dibley on Mar 4, 2014 21:01:00 GMT
I don't think you are. Maybe the fact that some other loans are on the platform & may seem more secure? I don't really know, I'm making a bad guess most likely. I've opted out myself for other reasons that are unrelated to the prospects of the business or the 'extra' security now offered, which would have certainly been tempting for me to put a decent bid in, funds permitting. Personally I won't be participating in any more auctions directly until AC pull their finger out over loans that have been through the auction process and are still waiting for drawdown weeks later. Instead I'll just be continuing to pick up loan pieces on the secondary market, where at least your funds starting earning straight away. It's a shame but I think AC are in danger of sacrificing a good business model in their haste to get more and more auctions on the table before existing ones have been completed.
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Post by Duane Dibley on Feb 24, 2014 18:36:05 GMT
Can't agree with that either. An ISA is just a tax-wrapper (as is a SIPP) and as such couldn't be much simpler. There's an annual subscription limit, and that's about it. No tax to pay, no maximum values, no records to keep, no tax returns to file, no nothing. Most providers don't charge any extra for holding the investments in an ISA and even for basic rate tax-payers I can't see any good reason for for not holding your investments in an ISA, annual limits aside. Heck, you don't even need to pretend to be a second-hand car salesman. How much simpler do you want?
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Post by Duane Dibley on Feb 21, 2014 16:33:41 GMT
I've been following all this carefully, thank you. Looking at my position it seems to me that possibly getting towards borderline on paying 40% tax, it is probably best to buy an income ISA especially if the FTSE takes a dip before April 6. Willis Owen/Cofunds control my previous ones, so I will pay no initial fees. New rules confuse me. Any comment? OldG If indeed you are a higher rate tax payer then may be even more tax efficient to invest in a pension instead. Just to complicate things like.
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Post by Duane Dibley on Feb 21, 2014 15:09:53 GMT
Not quite correct. You pay the standard rate dividend tax 'credit' on income received from investments within an investment ISA, but as Bracknellboy says, if you're a higher rate taxpayer, you don't pay any further income tax. Don't agree with that. The 10% tax credit is just that, a tax credit, it's notional and not reclaimable, by anyone, anywhere. It's just a red herring. There's no tax payable in an ISA.
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Post by Duane Dibley on Feb 21, 2014 14:34:59 GMT
You don't pay any tax, capital gains or income, on funds held in an ISA.
That may not be all that beneficial to basic-rate tax payers who hold equities but don't want to crystallise large capital gains, but it still makes things easier as you don't have to worry about paperwork or reporting it to the taxman, he's not interested in ISA's at all.
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Post by Duane Dibley on Feb 19, 2014 18:07:23 GMT
I'm a bit surprised at the "Customer delay. Trying to find alternative options" comments. I think that's the nature of P2P lending, there are alternatives out there and any sensible borrower would explore all of them before committing, but at least SS is telling it as it is. Unlike certain other sites that will remain nameless that advertises auctions as having a 'quick drawdown' or 'finance needed quickly' etc whereas in reality auctions are delayed, extended or simply pulled and drawdown can take weeks instead of days. At least with SS, once the loans do become available, you can deposit your money and have it earning interest within seconds.
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Post by Duane Dibley on Feb 12, 2014 17:16:02 GMT
Funds in smaller and medium sized concerns are doing well but my emerging markets funds, after initial gains and occasional small rallies, are set on a determinedly downward path! I did buy these for the longer term but am getting twitchy; should I cut my losses now? Ah the classic 'Buy High Sell Low' philosophy. Always popular. Personally as the cost of emerging markets has been coming down I've been buying more. Some way to go yet I think but each to their own.
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FundingSecure (FS) in Administration
Upcoming Loans
Feb 10, 2014 17:26:47 GMT
Post by Duane Dibley on Feb 10, 2014 17:26:47 GMT
As per email and website - "The loan is currently on live loans for viewing and will be opened for
investment tomorrow morning."
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Post by Duane Dibley on Feb 9, 2014 21:07:30 GMT
You look at any historic index 30-40% of its value is wiped out every decade or so. True, but you'll also get years (like the last one) when the index will go up by 30-40% in a single year. However it's the long term I'm interested in and I'm as confident as I can be that equities will on average give a real return of 3-4% a year. For the rationale behind that I'd suggest reading Smarter Investing by Tim Hale. Will P2P give a similar return over the long term? Possibly, but it's certainly not proven.
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Post by Duane Dibley on Feb 9, 2014 17:59:35 GMT
Interesting discussion.
I have about 75% in equities (mainly index trackers), 20% in bonds, NS&I Certs and cash and about 5% in P2P.
Looking to decrease exposure to equities over the next 12 months and increase P2P to about 10-15%.
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General P2x Discussion
Glossary
Jan 19, 2014 11:26:30 GMT
zoll likes this
Post by Duane Dibley on Jan 19, 2014 11:26:30 GMT
* - An asterix. Something people in the know use instead of letters so you've no idea what the f**k they're on about. But if you c**nt the nu***er of mi****n* l*t**rs and t*y to *i*l in t*e *l***ks then s*m*ti**s y*u *an ev**ua**y w**k o*t w**t th*y'*e act***ly sa**n*.
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Post by Duane Dibley on Jan 11, 2014 17:55:58 GMT
Maybe it's just my pc, but I don't have full functionality using the Opera browser.
For instance the Rate Distribution Graph, the Bid Activity or the hours remaining (just the days).
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