hantsowl
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Post by hantsowl on Aug 18, 2016 18:47:31 GMT
Just added a few bits 😉
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hantsowl
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Post by hantsowl on Aug 3, 2016 19:43:21 GMT
Agreed. It is good that SS put status updates for the loans rather than keeping us in the dark. All we ask is that when things are being delayed and falling behind schedule it would calm nerves if a few words of explanation were added to the update to show that the loan has no serious issues and still going as per plan.
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hantsowl
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Post by hantsowl on Aug 1, 2016 14:27:48 GMT
This offer seems to have expired. Any idea when the next is likely to turn up?
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hantsowl
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Post by hantsowl on Jul 31, 2016 23:08:15 GMT
I also use funding circle and Wellesley. I use all the above and also LendInvest and FS. My biggest commitment is with SS but I am careful which loans I hold and exit well before loans reach the 50 day mark.
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hantsowl
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Post by hantsowl on Jul 31, 2016 21:21:11 GMT
Already reinvested most of this months interest before the anticipated rush Me too. Picked up parts in 5 loans today using tomorrow's interest payment 😉
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hantsowl
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Post by hantsowl on Jul 12, 2016 22:29:34 GMT
I've recently increased P2P lending on SS, MT and FS, but MAINLY on SS. I find the SM by far the best and very easy to diversify across many loans to reduce risk. MT and FS do allow diversification into non-property assets (but only if you are quick or lucky enough to get hold of them). At the moment there are only slow moving 10% loans on MT available and I won't even attempt the FS SM due to issues re tax liability. With SS I can usually get almost any loan that I want from the SM if I use a bit of FFF 😄 It certainly beats investing in the stock market at the moment and at current interest rates bank deposits are a total waste of time. Probably three new loans next week, so more diversification on the way 👍 hantsowl if you want to diversify into non property loans, you could have a look at collateral . Thanks for the info. I invest with many p2p companies but was not aware of collateral. I just scanned their forum and there seems to be many complaints about not being able to buy into new loans because there are no limits and some GB's buy most or all when they are posted. Have you any experience of this and is it much of a problem?
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hantsowl
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Post by hantsowl on Jul 10, 2016 20:18:08 GMT
Will everyone please stop talking about investor confidence! The more everyone talks about it, the less confident I become. I'm starting to sell! I've increased P2P lending (mainly on MT though), hope that cheers you up I've recently increased P2P lending on SS, MT and FS, but MAINLY on SS. I find the SM by far the best and very easy to diversify across many loans to reduce risk. MT and FS do allow diversification into non-property assets (but only if you are quick or lucky enough to get hold of them). At the moment there are only slow moving 10% loans on MT available and I won't even attempt the FS SM due to issues re tax liability. With SS I can usually get almost any loan that I want from the SM if I use a bit of FFF 😄 It certainly beats investing in the stock market at the moment and at current interest rates bank deposits are a total waste of time. Probably three new loans next week, so more diversification on the way 👍
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hantsowl
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Post by hantsowl on Jun 28, 2016 21:19:26 GMT
Hopefully this will happen at the end of the week when £1m+ of interest hits user accounts. Providing of course we don't have any new loans come up before then !! IMHO I don't think this will clear much. We just had £3m repaid from 3 loans that didn't go ahead and the effect on the SM was limited. The real question is how much did that £3m actually free up for reinvestment. For example, PBLs 107 and 109 show £360k and £253k available, but I put a small amount of each up for sale today and both were top of the queue and sold quickly. We have no idea how much of those 3 cancelled loans were with investors and how much was being held by SS.
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hantsowl
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Post by hantsowl on Jun 27, 2016 11:26:52 GMT
FTSE now down 4.23%............... Don't panic me like that..... FTSE100 down 1.67% .....still bad, but now as scary as 4.32%. Unless of course you refer to the FTSE250 which is expected to suffer more than the 100. 😅
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hantsowl
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Post by hantsowl on Jun 27, 2016 8:59:51 GMT
Would be good for confidence to see the amount of loans on the secondary market decrease markedly before more new loans are pre-funded. Hopefully this will happen at the end of the week when £1m+ of interest hits user accounts. Providing of course we don't have any new loans come up before then !!
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hantsowl
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Post by hantsowl on Jun 27, 2016 8:52:59 GMT
Back up to £710k on the secondary market, didn't this drop to around £300k , are SS releasing more ? Try putting some up for sale and check your position in the queue (you don't need to commit the sale to see this). Your queue position will be a more accurate indication of the 'true' SM activity with this. I would do this myself but I don't currently hold any of this loan.
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hantsowl
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Post by hantsowl on Jun 26, 2016 23:48:06 GMT
Looks like people have taken note of your update. Availability creeping up from £0 to £24000 and still rising....
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hantsowl
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Post by hantsowl on Jun 25, 2016 10:21:42 GMT
PBL119 was the first new SS loan I didn't pre-fund since the system was brought in and, judging by the 751 figure, others look to have opted out too. This was nothing to do with the security (it's recent history seems largely irrelevant to me). Instead it was because: a) I'm not inclined to increase my total SS stake currently (hovering just into 6 figures) b) the loans that I'd ordinarily have reduced a bit to buy into this new one had large SM queues, so it was pointless looking to sell them c) the rest of my loans (the majority) either were better holds than PBL119 or also had significant SM queues Exactly my position on it. I prefunded the Manc/Luton three. I prefunded the London nine. I increased my investment for those. Right now? No, ta. The ones I want to reduce have huge backlogs. If there's any of 119 kicking about when my June interest's paid, then... yep. But otherwise? Nope. The selling queues may not actually be as long as would appear from the SM listing. I put some 106 up for sale when the SM showed more than 200000 available and I only had a couple of thousand ahead of me. The same has happened with some other loans. I assume SS hold any unsold loan parts 'outside' of the buy/sell queues. What I tend to do now is put something up for sale and then immediately check where it is in the queue. If the backlog is large, I cancel the sale and try a different loan.
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hantsowl
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Post by hantsowl on Jun 21, 2016 11:57:36 GMT
Ok, I got the official line on this from SS. The change was made to "reduce impact on the server which has resulted in vastly improved server performance, with a small reduction in website functionality".
So, it looks like we are going to have to live with this ☹️ Makes buying on the SM a little harder for those 'hard to get' loans......
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hantsowl
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Post by hantsowl on Jun 20, 2016 14:02:52 GMT
I spent my teenage years living in the Beehive on West St. (late 60's / early 70's) and became an owl. Been down in Hampshire since '75 but still get to Sheffield to visit relatives and watch the blue and white wizards now and then. Ah memories
How about 14 MAY 1966?
Just before my time. We moved to Sheffield in Aug 66 so I missed out on that one (probably a good thing that I did ?).
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