muh3
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Post by muh3 on Jul 19, 2017 10:49:12 GMT
Hi all, I'm just adding lots of small bits on the secondary market. All a bit short dated aren't they muh3?!!! I sold everything short and long
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muh3
Posts: 52
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Post by muh3 on Jul 19, 2017 10:32:57 GMT
Hi all, I'm just adding lots of small bits on the secondary market.
edit, the bling is all gone now.
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muh3
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Post by muh3 on Jul 18, 2017 16:50:24 GMT
£204 left, first one I managed to get today.
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muh3
Posts: 52
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Lending Crowd
H & Co
Jul 17, 2017 10:14:21 GMT
Post by muh3 on Jul 17, 2017 10:14:21 GMT
I have put £20 on this one, I'll keep you updated.
The so called big hitters are, in my view, only there to keep the interest rate down and the secondary market liquid.
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muh3
Posts: 52
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Post by muh3 on Jul 7, 2017 12:17:05 GMT
On the bright side, I have to say, I have not seen any invoice discounting loans lately.
I will give it a view months and see how it goes.
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muh3
Posts: 52
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Post by muh3 on Jun 24, 2017 20:25:39 GMT
From their website.
5. What returns can I expect?
Once you commit to invest in a project you will begin earning up to 14% annual interest on your capital immediately. Interest is credited to your account at the beginning of each month.
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muh3
Posts: 52
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Post by muh3 on Jun 13, 2017 16:41:10 GMT
With my final couple of holdings now all 'officially' in default and no expectation of any recoveries, I decided it was time to clear out the remaining couple of pounds and pence from my account (I tend to normally only withdraw round numbers). First problem was that there is a minimum £5 withdrawal - no problem I thought, i'll put £5 in and then take it all out. But then it said the minimum deposit was £100 - bit surprised, but they aren't keeping my money, so I put £100 in from my debit card. I then go to withdraw the lot and it says I can't because I recently made a deposit which hasn't cleared - that was on Thursday, the transaction showed on my bank account Friday, but today (Tuesday) is still stops me withdrawing MY money with the same message ! I just want my money ! It normally takes about 5-6 working days (from memory) before he money is available for a withdraw. Edit and after that you need to wait 4 days for the refund
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muh3
Posts: 52
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Post by muh3 on May 26, 2017 16:41:06 GMT
And the self select ISA is now available - I'm thinking I will be slowly transferring my existing investment across as repayments come in on existing investment I will re-invest in the ISA. I just started doing the same thing.
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muh3
Posts: 52
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Post by muh3 on May 24, 2017 15:42:04 GMT
did LC actually ever managed to get money out of a defaulted loan?
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muh3
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Post by muh3 on May 24, 2017 11:20:29 GMT
However it seems to me that there is an easy solution to this, The BM model for automated diversified lending is very appealing, but it goes too far. It appears to make the assumption that a BM lender has all of their p2p money in this one basket and that they will not be adding any more. In these circumstances diversifying across 50 or 100 loans is the right thing to do. However I bet the vast majority of your lenders are on multiple p2p platforms and many will have only a tiny % of their p2p money on BM. In this case even with a 2% setting this will result in maximum individual allocations of say 0.02% or even much less as it is in my case, of overall p2p money. Who needs that level of diversification? I decide for myself what % of my overall assets to put into p2p, and then what % of that to put into which p2p platforms. Only I can decide how I want to diversify at that level. So BM then enforcing a max 2% allocation of the small amount of cash I have deployed on BM is just silly. Furthermore the cash drag/idle money then inhibits me from putting in more money to get more sensible allocations. We have chicken and egg problem. The obvious solution is to allow us to define a target BM investment. By default this could be set to cash on the platform, then if it is not changed everything would continue to work as it does now. However if I were to change my target to say £50k, while still having £8k on the platform, then that would increase my maximum allocation from £160 to £1000 with a 2% setting, or £500 with a 1% setting. That would give me the level of control I feel I want and I would then be happy for BM to take over and do everything else, and hence earn their 1.5% fee. I can then top up as needed to keep things flowing. As I have made clear I do like many aspects of the BM model and would like move a lot more from other platforms to BM, however as it is it is just not working for me, so it will remain a minority holding. I think the best solution is to put in all the money you are willing to invest in this platform. Fundamentally it should not make a difference to the cash drag if you would invest 5000£ or 50000£. I do agree however that it takes more than 28 days at the moment, my chart looks similar. I guess the change in the minimum investment has increased the available cash against available loan, hopefully only temporary. Edit: My Chart
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muh3
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Post by muh3 on May 23, 2017 15:26:34 GMT
And at last - a monthly interest payment option in investment settings! Which doesn't work for me. I guess this is a coming soon... Also the Preferred Investment Concentration can now be changed from 1 to 2% and vv.
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muh3
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Post by muh3 on May 23, 2017 15:16:12 GMT
stevefindlay not sure if it has been mentioned but I would like the date a loan has been repaid. Currently there is only the purchase date shown on repaid loans. Thank you.
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muh3
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Lending Crowd
NC t/a M
May 2, 2017 10:17:11 GMT
Post by muh3 on May 2, 2017 10:17:11 GMT
Some LC investors confuse me. Rush to fund this loan posted for less than 48 hours yet not only is it an individual rather than a company, he also owes the business over £1M in negative net assets. Almost fully funded whilst no questions answered. Puzzled about the financial understanding of some fellow investors. More so confused about the credit rating being A
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muh3
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Post by muh3 on Apr 12, 2017 12:11:54 GMT
Yes, some good news. I hope the current portfolio can just be switched to the ISA. Unfortunately NOT, as you can only put cash into an IFISA - unless there's a change in the rules.
Which means selling up - if you can! - and buying back at the market average; losing your carefully sought-out top-rates presumably not worth the tax-saving
Yes unfortunately you are correct.
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muh3
Posts: 52
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Post by muh3 on Apr 11, 2017 14:52:18 GMT
I assume that you guys who are still keen on this place have not yet sufferred a raft of defaults? I still got 8 months to go before my promotions is over. As laidbackgjr said we need to see if they get anything recovered in the future.
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