dandy
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Post by dandy on Jan 29, 2019 16:23:19 GMT
Seriously W T F is going on in this thread - has everyone lost the plot?? For the love of god, there is absolutely no bleeding prospect of any claim ever being served individually. The END. Considering that the claimant went to Court to obtain all our email addresses (that entailed a considerable amount of trouble to start with). The process of serving the claim is straight forward in comparison. If you think there is no prospect of a claim being served to circa 5000, then there is money to be made by you in arranging liability insurance for all us lenders, who I am sure would like to take up the offer. As a side note, I am still deliberating if we will get served. However, seeing the number of Court cases that have been held to date on this subject matter, I see no reason why the claimant wont serve a claim against the lenders, even if just to be awkward, if for nothing else. I would happily sell you insurance if I had a license to do so. I would also happily buy Lendy's debt (at 50p) if I had the money to do so. Maybe "someone" should offer Lendy £3.5m to suss out what they really think of this loan?!
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dandy
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Post by dandy on Jan 29, 2019 15:19:31 GMT
Seriously W T F is going on in this thread - has everyone lost the plot?? For the love of god, there is absolutely no bleeding prospect of any claim ever being served individually. The END.
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dandy
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General P2x Discussion
So Long P2P
Jan 28, 2019 13:14:04 GMT
Post by dandy on Jan 28, 2019 13:14:04 GMT
You need to get it into YOUR skull that NO ONE here thinks P2P is a bank account. I think that you are wrong. I agree with r00lish67 and @wallstreet and others as I too have read no end of posts on this forum by the reckless or foolish. Still of the view that no one believes that despite what they may write on a forum. If you can find a "genuine" post/poster that proves your point then feel free .......................................................... although I definitely agree that risks should be highlighted/explained much more prominently
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dandy
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Post by dandy on Jan 28, 2019 13:01:01 GMT
Agreed. Article in The Times (print edition, so no link) about some Tory MPs who voted for May's deal now seeking a softer Brexit. Very odd watching the Tories trying to commit electoral suicide. All Labour need to do is stay well clear with no definite position (which they're very good at) and watch the Tories implode. Jesus, you people don't seem to understand the first principles of parliamentary democracy. How can you have voted to hand back control to the British Parliament and then be thinking that the parliament "want the opposite of the people"? The Parliament is the expression of the will of the people, which is how we have been governed since Charles I. Did you learn nothing at school? Most MPs are conniving, in one form or another, to get the opposite of what the people voted for, so I am not sure what your point is. That times have changed? Yes, they have, I agree
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dandy
Posts: 427
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General P2x Discussion
So Long P2P
Jan 28, 2019 12:49:19 GMT
Post by dandy on Jan 28, 2019 12:49:19 GMT
The comment you made is false as I demonstrated
Your so-called demonstration is better described as a non-sensical rant.
The fact you can't be bothered to do a modicum of research and instead dump your funds into crowded, overbought trades such as Apple shares late in the game is not my problem.
That 30% loss of yours was easily avoidable. There was a time and a place to buy Apple shares, and that place was not when they were already trading at $200.
I chose to give you a very simple demo using what is probably the best known stock and p2p outfit. Over the last 6 months. Trying to keep it ever so simple
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dandy
Posts: 427
Likes: 341
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General P2x Discussion
So Long P2P
Jan 28, 2019 12:15:16 GMT
Post by dandy on Jan 28, 2019 12:15:16 GMT
You need to get it into YOUR skull that NO ONE here thinks P2P is a bank account. You also need to get it into your skull that the points you make are utter nonsense. Most people know when they talk nonsense but you seem to believe it. Hypothesis: The stockmarket wins every time for a million and one reasons. 6 month Experiment: My Apple shares have declined by ~ 30%. My ratesetter portfolio has increased by ~ 3%. Result: The hypothesis is fundamentally false and misconceived and worthy of no further time wasting. Message to student: Try harder. F - Seeing as you go by the name of the street that brought the financial world to its knees, it is hardly surprising that you believe your own tosh
Yes, many people here think P2P is a bank account. I could point you to hundreds of posts that I've read over the time I've been here.
As for the rest of your post. Its not me talking nonsene, its you.
I'm not going to waste my time and energy explaining to you why your silly little '6 month experiment' is completely and utterly ludecrous and misguided.
There is no need for me to try harder. I've got the hard facts to prove it, if you want to do some willy-waving and throw around percentages then fine ... even my paltry little low-risk boring equities SIPP portfolio is up 50% in the last two years, and no it didn't go down anywhere near 30% in the last six months either (infact none of my porfolios did, not even the high-risk ones). I have consistently outperformed any benchmark index you care to mention by some margin.
The comment you made is false as I demonstrated - but I really do not care whether you acknowledge that or not. I made the post to set the record straight ... and that is what I have done. Good luck with your stocks but make sure you keep an eye out for us risk junkies in case we need another reminder that this is just gambling on horses
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dandy
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Post by dandy on Jan 28, 2019 12:05:26 GMT
For what it's worth, you are talking sense in my view @wallstreet ,and dandy is being unnecessarily inflammatory as unfortunately he often is. Which is a shame, as he's a bright guy. I'm not going to start bickering on the matter, that's not why I raise it, but I would like to see you keep posting as I've found your views interesting. Re: the stock market, I agree equities are a far better proposition than P2P as long as we accept the caveats that we are talking about broad-based index tracking over the long term (5 years+) and not day-trading and/or investing in the latest 'hot shares'. I assume you were referring to the former sort of investing. Re: people's misconceptions of P2P. Absolutely. If I could be bothered, I could find countless references to people here who have said things like 'I'm using the QAA for my house deposit for a month or two' or "I use RS rolling for all of my spare cash as they've always given my money straight back before". If/when one of RS/LW/GS/AC QAA becomes locked in, there will be a tidal wave of people emerging from the cracks saying they were mis-sold etc etc. well thankfully for me you are not a member of the Judiciary - and thanks for the compliment btw
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dandy
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Post by dandy on Jan 28, 2019 12:02:31 GMT
That is what the govt is trying to make everyone think. But very soon, MPs will have to decide to vote for her deal or effectively vote against it and thereby vote for no deal. So MPs like corbyn, cable, cooper and all the other pathetic whiner losers in Parliament will need to make their choice. Deal or no deal. 'pathetic whiner losers' That's the attitude that got us to this impasse and the failure to achieve consensus I think the failure to achieve consensus is not because of name-calling but because parliament want the opposite of the people.
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dandy
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Post by dandy on Jan 28, 2019 11:08:10 GMT
best bank accounts for retreating p2p investors?
People really need to get it into their skulls that P2P IS NOT some viable alternative to a bank account.
The high percentage figures being "given" to you by the P2P platforms is not something being done out of the goodness of their hearts or as an attempt to "compete" with the banks.
The high percentage figures are a poor representation of the risk you are taking (in the vast majority of cases, those percentages should be much higher ... so much stuff in P2P is pure bargepole territory).
I think angrysaveruk is quite right to abandon P2P. I briefly dabbled in it and abandoned it too.
P2P is best compared to junk bonds, i.e. not for the inexperienced, which, regrettably many retail P2P "investors" are.
My advice would be to stick the capital you cannot afford to loose in a bank account (who cares about the interest rate, preservation of capital should be of utmost importance in protecting your uninvestible capital).
For the capital you are willing and able to invest, my answer would be the stockmarket. Not without risks for sure, but compared to the minefield wild-west of P2P its a no brainer. The stockmarket wins every time for a million and one reasons.
You need to get it into YOUR skull that NO ONE here thinks P2P is a bank account. You also need to get it into your skull that the points you make are utter nonsense. Most people know when they talk nonsense but you seem to believe it. Hypothesis: The stockmarket wins every time for a million and one reasons. 6 month Experiment: My Apple shares have declined by ~ 30%. My ratesetter portfolio has increased by ~ 3%. Result: The hypothesis is fundamentally false and misconceived and worthy of no further time wasting. Message to student: Try harder. F - Seeing as you go by the name of the street that brought the financial world to its knees, it is hardly surprising that you believe your own tosh
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dandy
Posts: 427
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Post by dandy on Jan 28, 2019 10:58:52 GMT
Right now I think the chances of us having a no-deal Brexit are approaching certainty. That is what the govt is trying to make everyone think. But very soon, MPs will have to decide to vote for her deal or effectively vote against it and thereby vote for no deal. So MPs like corbyn, cable, cooper and all the other pathetic whiner losers in Parliament will need to make their choice. Deal or no deal.
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dandy
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Post by dandy on Jan 24, 2019 15:05:44 GMT
In the name of scientific enquiry towards our resident brexit enthusiasts:
Is there any possible information, or source, or evidence that would result in you changing your mind about the merits of leaving the EU?
I voted remain. But the country voted to leave - so I swapped sides. I think that is what everyone should have done and been united to get the best brexit. So no nothing would make me change my mind about following the vote. The arguments for/against ended 2 years ago as far as I am concerned. Is there anything that could make you change your mind and accept democracy?
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dandy
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Post by dandy on Jan 24, 2019 14:42:39 GMT
So ... ROI are desperate for a deal with the UK ... how surprising!!
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dandy
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Post by dandy on Jan 24, 2019 13:00:02 GMT
Yes, how indeed? Essentially the UK and the EU find themselves in a position where there has to be a hard border but they've agree that there can't be a hard border. The UK said "don't worry we'll sort it" (remember BoJo's slightly whimsical promise that technology would come to the rescue?). The EU said "hhmmm, not sure we have too much faith in that". Hence the backstop. OR - maybe Ireland can just reunite! And take Scotland with them (said in jest, so no bomb threats please)
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dandy
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Post by dandy on Jan 24, 2019 12:24:22 GMT
Why "must" there be customs checks when there will be no people checks? I think (and am happy to be corrected) it's because the EU needs to guarantee / maintain the integrity of the single market, and it cannot do that if there is a porous border that allows unfettered trade / transfer of goods across it. To use the (slightly ridiculous imho) example from that piece you linked in the Irish Times - say the UK imports Brazilian beef at zero tariff rates, what is then to prevent that beef being re-exported to the EU, across the Irish border, subverting / evading whatever EU tariffs may be in place on Brazilian beef? But dont they also need to protect the integrity of freedom of movement? How are they going to do that as that is assured isn't it? I would suggest they go hand in hand.
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dandy
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Post by dandy on Jan 24, 2019 12:00:17 GMT
Only if another state were to make a formal complaint - which would be a risky move by any such state for obvious reasons and therefore inherently unlikely. AND by which point a deal will be done anyway as pragmatism always wins the day. I dont think anyone that advocates "no deal" believes there would never be a deal - just that no deal is the starting point for a "fair" deal. Yeah, but that's the WTO's stance. I don't see how the EU can have a stance other than "there need to be customs checks, and that equates to a hard border", quickly followed up by "but you promised you wouldn't do that". Why "must" there be customs checks when there will be no people checks?
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