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Post by justdabbling on May 31, 2017 15:18:57 GMT
There is a 'Nest quarterly investment report' which can be found if you just put 'Nest performance' into google. For the quarter ending December 2016 this shows that almost all the Nest funds gained between 15 and 26% in the preceding year so they did better than p2p as well as benefiting from employer contributions and tax relief on entry. Of course past performance is no indicator of future performance!
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Post by justdabbling on May 12, 2017 16:43:42 GMT
I have taken some too within the ISA. I recently sold an Abundance investment I had held for 8 months at an 11% premium, and I do like the platform.
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Post by justdabbling on May 9, 2017 11:02:33 GMT
Lendy's objective should be to bring all loans to a satisfactory conclusion whether through on-time repayments or by taking over and realising the value of the security. Perhaps this is more likely to be achieved if the platform continues to grow and so retains and grows its resources and expertise in closing loans. Enabling established lenders to 'pass the parcel' on to unfortunate new lenders would not help Lendy to achieve its aims. So I am hoping it is all part of the plan which has a good chance of succeeding rather than a descent into chaos. So far no one has lost anything and the platform has grown.
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Post by justdabbling on Apr 25, 2017 17:14:25 GMT
Thanks, that one worked.
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Post by justdabbling on Apr 25, 2017 17:00:34 GMT
Welcome to the forum Jake. I tried your link out of curiosity as I don't think I am in your target group, but it did not work from my iPad.
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Post by justdabbling on Apr 20, 2017 13:03:31 GMT
PBL064 was not included as a farm as it is a tenanted office block, but of course it had agricultural connections so including that one would make farms look more risky.
What you say about agricultural land is interesting and resonates with the impression I had.
I don't think I will be putting much into farm loans and definitely not any below 12%.
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Post by justdabbling on Apr 20, 2017 7:49:36 GMT
I noticed that the proportion of farm loans in the defaults is higher than the overall loan book. Of the 13 defaulted loans 5 are for farms if you include the barns. Looking and the near defaults with 'IA' status there are 2 farms out of 8 loans. So 7 out of 21 or a third of the dodgy loans are farms.
Looking at the repaid loans there are 94 of which only 8 are for farms, four of which are actually one large piece of farmland, which is fewer than a tenth. It could be said that there have been only 5 repaid farm loans.
Any statisticians out there?
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Post by justdabbling on Apr 9, 2017 14:06:38 GMT
Most people borrow to invest when they buy their first property, and that is often the most significant investment decision they ever make. Then our young people are now borrowing to invest in their education without saving first.
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General P2x Discussion
I have 60K
Jan 30, 2017 8:26:36 GMT
Post by justdabbling on Jan 30, 2017 8:26:36 GMT
Depending on your circumstances it might be worth considering investing some in a pension, especially if your income takes you just across the limit between basic and higher rate income tax, or higher and the £150 k level. This would preserve the tax relief on interest at a higher level and in some cases could preserve rights to child benefit.
If the rules stay the same it could be worth investing up to all your earnings via a pension in the last year before you retire especially if you are dropping from a higher rate of tax to a basic rate. This would mean investing say £60 and then drawing out £85 even if the fund has no investment gain. Also it is worth checking whether you or if applicable, your wife would benefit from paying missed National Insurance contributions to gain access to full rate state pension.
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Post by justdabbling on Dec 14, 2016 10:57:53 GMT
Dandy, thanks for the explanation. On Abundance the loans are often in the form of debentures which although they are not shares are different from the loans on SS etc. But perhaps this change may still have a positive effect on the amount of opportunities open to lenders.
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Post by justdabbling on Dec 14, 2016 10:37:27 GMT
Yep, pretty good! Glad I got it together this morning and grabbed a slice - a new home for the newly-rescued LC funds We've all done our £bit so it's over to the engineers to do theirs. Glad I grabbed my slice too especially as it is in a transferred old has-been cash ISA so returns will be tax free.
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Post by justdabbling on Dec 14, 2016 10:33:04 GMT
An interesting blog has appeared on Abundance citing likely increase in EU limit for crowdfunding without needing a full prospectus. blog.abundanceinvestment.com/2016/12/eu-crowdfunding-rules-set-to-change/However I am a bit confused as some development loans on SS have been above the 5 million Euro anyway and there did not seem to be full prospectuses issued/ It is also interesting that the UK argued for a 10 m limit so it seems that this increase in limit will survive Brexit. On some other threads concern has been expressed about the supply of suitable loans drying up and leading to a reduction in interest rates, but perhaps this new limit might have an opposite impact.
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Post by justdabbling on Dec 4, 2016 17:31:08 GMT
I now have 19% of savings in P2P split as follows: Abundance - 38% (because of ISA with 12%) SS - 38% (because it is easy to build up without having to log on at specific times) MT - 8% FS - 5% Coll - 8% RS - 5% (because of sales incentive, now not available) Probably over-invested in renewable energy now but that was a reaction to feeling helpless after the Trump election! justdabbling I love these stats, thanks for sharing. I'm very intrigued by the green Abundance IFISA. I was relying on Lending Works launching this tax year to open my first IFISA but the rate isn't stellar and lead times are already poor. I'd definitely be interested in going with Abundance but I imagine I'd struggle to suitably diversify my money with them by April?? There are two new projects at the moment plus opportunities to bid for older ones on the secondary market, called 'bulletin board'. Everything seems to sell at a premium on the bulletin board so there is a good chance of being able to sell existing investments when new opportunities arrive and so gain more diversification in future. The older projects tend to have higher projected returns because the subsidies for renewables were higher in the past and continue to apply for the set period of time. Also, if energy production is up and running then there is less risk so I am bidding for shares in some of the older projects. I transferred money from an abysmal cash ISA from previous years so I have not used this year's ISA allowance with Abundance.
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Post by justdabbling on Dec 4, 2016 13:38:31 GMT
I now have 19% of savings in P2P split as follows:
Abundance - 38% (because of ISA with 12%) SS - 38% (because it is easy to build up without having to log on at specific times) MT - 8% FS - 5% Coll - 8% RS - 5% (because of sales incentive, now not available)
Probably over-invested in renewable energy now but that was a reaction to feeling helpless after the Trump election!
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Post by justdabbling on Oct 20, 2016 9:49:21 GMT
Thanks SteveT for the advice, I shall try logging on when I can in the 24 hours after a loan release. Just looked now but nothing available.
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