voss
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Post by voss on Sept 16, 2017 20:18:55 GMT
Sale fees were abolished on 21 August - at the same time that the end of auctions, and therefore the end of bots and flipping, was announced. So they kept the sale fees there for as long as they could.
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voss
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Post by voss on Sept 16, 2017 10:06:11 GMT
Perhaps Farming Commissions loved the bot runners because they knew that they would offload their stock quite quickly and pay 0.25% fees. Follow the money ... why would they use programming to kill this golden goose?
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voss
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Post by voss on Sept 11, 2017 13:57:18 GMT
and A+ you're 'Aving a laugh
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voss
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Post by voss on Sept 11, 2017 13:55:09 GMT
Can anybody recommend another platform that actually works? Lendy works well: property bridging loans and development loans. All loans secured on property. At the moment, there is slow loan flow so it is slow to get invested but things might pick up - the loan flow early this year was excellent.
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voss
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Post by voss on Sept 11, 2017 8:55:29 GMT
I'm confused, as of the 18th of september (2017) all FC is offering is 4.5% "safe" and 7.5% "risky", they still haven't come up with any ISA plans have they, what is the NAV thing ? I think the ISA bit is where you invest in the Funding Circle Income Fund investment trust which can be put in an ISA.
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voss
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Post by voss on Sept 6, 2017 11:32:17 GMT
(Assuming you mean Funding Circle / FC, not Funding Secure / FS) From the original FCIF launch materials: The target NAV total return will be 8-9% per annum.
The target dividend yield will be 6-7% per annum.So far it seems broadly to be delivering on these targets, allowing for a bit of cash drag as the funds were invested over the first few months. The investment trust is somewhat leveraged and also has some exposure to FC US and EUR loans. My annualised return to date (dividends plus paper capital gain) is 9.8% since Jan 2016, tax free in my ISA Steve - Do you know if I can transfer an existing ISA into the FCIF?
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voss
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Post by voss on Sept 4, 2017 11:39:49 GMT
I'm astonished to see no comments to my message, despite 87 people having read it. ... Barney - I was one of the 87, probably. I 'read' all new messages just so that the new new messages can stand out if you see what I mean. And 502s have been a feature for years, I think. They usually go away after a Fairly Cursory time.
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voss
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Post by voss on Aug 25, 2017 8:01:40 GMT
lenbo - you remind me that what some people mean by a free market is a market where they are free to abuse others. An example is the use of 'freedom' to achieve a monopoly in order to control (=make unfree) prices. Of course, this is a dictatorship masquerading as freedom.
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voss
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Post by voss on Aug 24, 2017 10:35:58 GMT
And we're also back to wondering how much to sell in order to prefund ... what will the allocations be? ... £5k?
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voss
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Post by voss on Aug 23, 2017 13:03:34 GMT
I shall be taking my funds elsewhere but I'm not sure where. Where will the bot runners and flippers go? I want to avoid them
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voss
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Post by voss on Aug 17, 2017 9:56:52 GMT
From that link: "aquired an equidy stake in the company" - Is an equid what you get if you cross a euro with a quid?
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voss
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Post by voss on Aug 11, 2017 13:53:35 GMT
The newsletter explains the new brand - Made to do More - lots of breathless sentences, some with no finite verb (now that reminds me of Tony Blair extolling New Labour policies) - and a picture of a young man posing a bit like Blair once did alongside Bush - as if he had piles. What a jargon-fest of brand-speak. Yuk!
Sample: "We share a uniquely driven yet positive attitude to work and life, a restless determination to succeed and the tenacity to get there. We call this Made to do More. ... Ordinary people doing extraordinary things, pushing the economy forward."
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voss
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Post by voss on Aug 11, 2017 9:59:23 GMT
The new 'symbol' appears to be some kind of deformed butterfly - gone are the intertwined arrows - what is the message here? Deformed butterfly is good. Floundering Circles also seems apt. And can anyone guess how much the branding consultants were paid who came up with this? And will it be consignia'd to history within two years?
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voss
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Post by voss on Jul 31, 2017 19:08:56 GMT
I gave up trying to do this and now I just take:
Funding Circle total (from summary page) at start of period ditto at end of period Any amounts paid in or withdrawn with dates
and then put those few figures through XIRR. Result: bliss (and lots of freed up time)
Of course, Fumbling Calculations makes mistakes but in my experience these are almost always sorted out by them fairly quickly without any intervention from me. So I've learnt to stop worrying about it.
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voss
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Post by voss on Jul 19, 2017 9:23:52 GMT
I always thought there was something not quite right in a company that persisted in having black on dark grey and purple on light purple on its web pages even after I pointed this (non-W3C compliant) horror out to them.
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