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Post by justdabbling on Jun 9, 2016 8:50:46 GMT
True, but with only about possibly 60 truly separate live loans in total proper diversification to gain a portfolio effect would not be possible using SS alone.
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Post by justdabbling on Jun 9, 2016 4:22:12 GMT
I tend to agree with you Freddy. Like you I am a new investor and I have been dabbling with SS for 3 months and I have diversified across over 30 loans helped by the way the new loans are shared. I am in a minority but I am not convinced about getting rid of all loans early, with 100 days to go on them, as if there was a general slump with a loss of the ability to sell on the SM, then holding loans with an earlier end date would be helpful in exiting. Selling early has certainly been the way to go in the past but I am tending to think of a range of exit dates as part of my diversification strategy. I do get rid of them though if they go over the end date and there is a lack of communication about what is going on. Regarding the defaulted loan, years ago I invested in a boring old ISA with an Islandic bank that went bust, and, although eventually the UK government paid me back my capital there was no question about ever having even the interest already accrued at the time the bank went bust let alone the interest for the period while they sorted it out. Like most people on this forum I have been flabbergasted that loan parts for the defaulted loan have sold and I assume it must be beneficial for someone to have defaults with a possibility of future payback on their books for some reason ? Divorce settlement, corporation taxes, who knows? All financial dealings are fraught with risk, and the great thing with SS is that you do not have to risk much cash to get a return, I have less than 5 % of my savings with SS but it brings in about 15% of my interest and there are frequent exit points and performance can be monitored, unlike those old endowment policies where everyone found out about 15 years later that they were pretty much a scam. Whilst I am rambling I would just like to thank the contributors to this forum, as I have found it to be helpful, constructive and often amusing, so thanks to everyone.
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Post by justdabbling on Jun 6, 2016 18:33:41 GMT
The proposed price for the plots is much higher than suggested in this:
Each plot should have a standard fixed price and an average lease time of 75 to 100 years. One-off maintenance fees may also be applicable in order to manage the land. The average cost of a cemetery burial plot is between £750 and £950; while the average cost of a ash plot is £450. Help with Funeral Costs (UK) | Everything you need to know funeralcostshelp.co.uk
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Post by justdabbling on Jun 6, 2016 8:25:20 GMT
Does the increase is sales correlate with the changes to Brexit opinion polls. They are certainly making me feel very cautious about relying on property values for security.
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