jj
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Jolly Jammy
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Post by jj on Jul 17, 2017 19:54:48 GMT
Drill baby,drill.
Only 18 months to build one of these things. Perhaps its a small one.
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jj
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Jolly Jammy
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Post by jj on Jun 16, 2017 16:01:17 GMT
I don't want to take up the whole board here but this email. Does it mean that the other two loan are not going to be available till Autumn ? or are there different loans later ?
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jj
Member of DD Central
Jolly Jammy
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Post by jj on Jun 16, 2017 15:50:38 GMT
Don't think it's a way to endear themselves to their customers though either, taking away something they've only recently offered. From a personal POV, timing's not great, having only just transferred an old cash ISA here to take advantage of this offer whilst waiting for some good projects to come along. As I'm not impressed with either GDFC or the tidal scheme, I'll be transferring this cash over to Ablrate instead now, as soon as they launch their IFISA. I didn't much like the look of GDFC either, but I had decided that the tidal one was probably worth a closer look, what didn't you like? Cash drag, cash drag & there is cash drag. These loans when put up for investment you have to wait probably couple of month before they go live. So for about 5 months my ISA cash (important element in understanding my grievance) just lays there. 2% whippy. You can't just transfer ISA cash as easy as just cash.
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jj
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Jolly Jammy
Posts: 320
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Post by jj on Jun 16, 2017 15:44:03 GMT
Don't think it's a way to endear themselves to their customers though either, taking away something they've only recently offered. From a personal POV, timing's not great, having only just transferred an old cash ISA here to take advantage of this offer whilst waiting for some good projects to come along. As I'm not impressed with either GDFC or the tidal scheme, I'll be transferring this cash over to Ablrate instead now, as soon as they launch their IFISA. Can't blame you. I'm thinking along the same lines.
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jj
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Jolly Jammy
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MoneyThing (MT) in Administration
IFISA
Jun 15, 2017 18:22:43 GMT
Post by jj on Jun 15, 2017 18:22:43 GMT
Perhaps a better approach would be to have aims and proceed from there.
For example target date 06/04/18, new money only, fee will be x%.
I think by doing this it would help to plan ahead e.g. do I use another provider for my ISA this year, can I make transfers or not.
It would mean less disppointed lenders. There will always be some.
What you think?
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jj
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Jolly Jammy
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Post by jj on May 4, 2017 14:20:05 GMT
Well, I am in abundance for a number of reasons:-
1) Long term. 15-20 years right up my street. This is to supplement my pension in the future.
2) One of the first to offer an ISA. 8% tax free is same as 10% taxable.
3) Diversity.
4) The thought of helping with Green energy.
I don't invest in anything less than 8%.
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jj
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Jolly Jammy
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Post by jj on May 4, 2017 10:28:58 GMT
This is painful for me as I had to sell on average 9% loans to fill my tax free ISA.
So am missing out 7% every day - so painfully.
I have a transfer form for another P2P. I think about sending it off everday because of the PAIN.
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jj
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Jolly Jammy
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Post by jj on May 2, 2017 11:11:43 GMT
This isn't a hint (honestly) but you would get more money in if there was an isa on the go.
I know this isn't a high priority but this is what I need personally if I was to invest more. So I presume that there are others like me.
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jj
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Jolly Jammy
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Post by jj on Apr 27, 2017 17:08:25 GMT
I can understand why trading or flipping between the ISA & non-ISA would be wrong in the eyes of the HMRC.
I also understand why offering a discount/premium to yourself would be wrong. Its kind of common sense.
But putting your loans into your ISA account at 0% is like the Bed & ISA process in shares.
That bit is the grey area for me.
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jj
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Jolly Jammy
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Post by jj on Apr 19, 2017 18:03:27 GMT
Am thinking there should be another update due soon. We have abundance adverts all over the place but no loans to buy. That can't be right. How about an update abundance ?
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jj
Member of DD Central
Jolly Jammy
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Post by jj on Apr 1, 2017 15:27:22 GMT
I'm quite new to this form of investing. Is there any reason for lots of loans suddenly being avalible on the Assetz site? Unlike SteveT , my suspicion is it is the QAA/30DAA rebalancing loans vs cash following relatively large outflows of cash to replenish flexible (cash) ISA's over the tax year boundary on Wed/Thur this next week. These funds are quite likely to return to the QAA/30DAA at the end of the week until the bigger p2p platforms have IFISA's live, and people move their cash isa's across to IFISAs. I quite agree, because that's what I did myself. I sold 75% of my holdings. Lower rates plus your interest is taxable can't see things improving either because I have next years allowance to fill as well!
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jj
Member of DD Central
Jolly Jammy
Posts: 320
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Post by jj on Mar 28, 2017 19:44:04 GMT
Well it would be quite nice to know what we are all going to invest in. This silence is not good and only about a week left to put money in.
It's a bit of leap of faith to plough a load of money in the hope you are not going to end up in another 5% bond.
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jj
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Jolly Jammy
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Post by jj on Mar 8, 2017 17:58:50 GMT
The latest upcoming loan #431 replaces a previously defaulted loan. The borrower's default has been rewarded with a lower rate of interest (8% to lenders) for his new loan. I can't argue (much ) with lower rates for lower risk. This one would seem to me to be higher risk than initially judged. One wonders what the point is in having funds ready in AC when we know "policy" will prevent us (in the MLIA) actually deploying it. A ISA p2p bond account at 6% would be fine & dandy for AC to Shepard the sheepeople into I think. Free thinkers need not apply. Feed & forget. Don't need to ask questions!
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jj
Member of DD Central
Jolly Jammy
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Post by jj on Jan 31, 2017 17:22:21 GMT
I am not the Moral police around here all I am saying is the nature of MT will completely change. Yes more people will get a smaller slice of the cake and probably lead to even more people joining MT. I don't know what MT's plans are regarding the future direction of company.
What I would like to see is two smaller limits. One about 12 noon till 5pm then 5pm till 12 noon next day. I think this would be easier to implement for Ed.
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jj
Member of DD Central
Jolly Jammy
Posts: 320
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Post by jj on Jan 31, 2017 16:49:59 GMT
Some people should be carefull what they wish for if they want a AC style solution.
Before long you'll be placing a £1000.00 request and getting only £50.00.
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