macq
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Post by macq on Mar 21, 2019 20:45:37 GMT
i would go the other way and say by the time you are retired or looking to retire that 100% VLS 100 might not be the best choice with a chance of maybe 20 - 50% fall.Without really having the active v passive argument you would think most people in retirement would want a mix of growth and income.I use IT'S for growth and income plus a couple of tracker funds but if going passive maybe VLS 40 or 60 could suit a retired person better or even the L&G multi asset income funds bonds/debt/income etc (instead of their normal multi asset range)
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macq
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Post by macq on Mar 16, 2019 11:33:21 GMT
I'm looking for an easy access savings account which can be managed online but sends out monthly paper statements. Does anyone know of any such account that pays a reasonable rate of interest? All of the best buy accounts only provide online statements. I'm prepared to forego a bit of interest but would still like to achieve 1% plus.
The account is for my father in law who is in his 80's. He is not going to change his current account from Natwest who he has banked with for over 60 years so the account needs to be as basic as possible with no strings attached.
Any pointers would be much appreciated.
NS&I direct saver is an online account (or phone once opened i believe) that while run online does offer paper statements if you select the option but not sure if there monthly and pays 1%.Also Charter savings bank which has some good rates was mentioned in a newspaper last week as they have started to let people open accounts by post which i guess has gone down well with older customers apparently - so you would assume there maybe a paper statement option as well P.s Having now looked Charter savings bank does not have postal accounts
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macq
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General P2x Discussion
Crowd2Fund
Mar 12, 2019 13:30:34 GMT
Post by macq on Mar 12, 2019 13:30:34 GMT
The default amount doesn't include arrears. Nor do arrears or defaults include loans where the company is in administration and are no longer paying interest. So i would say they underplay defaults. I am reducing my holding with them, i do believe they will recover a large proportion of the defaults because I'm an optimist, but i find the whole website and reporting misleading and possibly deliberately withholding the ability to investigate your own acciunt properly. This is my worst performing P2P by far in every respect. would agree the reporting could be clearer and laid out better - as to that point its why i said the default figures include arrears.If i look under the potential losses section which is for defaults etc. then click the view loss tab at the bottom my figures are 2 in arrears,1 in arrangement and 1 in default.So 3 loans are in the view loss section even when they are not lost yet in my mind so yes confusing
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macq
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General P2x Discussion
Crowd2Fund
Mar 12, 2019 11:48:28 GMT
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Post by macq on Mar 12, 2019 11:48:28 GMT
Is it my misunderstanding? There appears to have been an increase in exchange sales, and in increase (although still not great) in loans sold at par? Given that the raise value wasn't met: I can't find any articles discussing this, and what about announcements from c2f themselves? By increase in loans sold at par, do you mean from ‘at a premium’? Out of the top 15, 12 are still showing at a premium, 1 at a 0.1% discount in offered rate. I don’t monitor the sales, I’m really not sure how I’m doing from the stats page, so just maintaining balance atm. ie: Potential losses Recoverable4.14% Your default rate 9.28% Your default amount £1,712.78 Written off percentage 1.01% Written off amount £186.72 Average debt written off 0.36% but in context the interest is a little over £3k, what is crucial is how much of my default amount is likely be Written off. If I knew the answer to that (historic and projected) I’d increase or decrease my holdings. Pity there’s not more comment here from forum members or C2F. think C2F make the default rate look higher by putting late payments in with defaults but from a historic point of view i think it needs to be seen how they handle the cases they have ongoing.Possibly C2F have not been that popular on here which might explain the lack of comment which could be due to only a PG on most loans.I have done ok over 18 months being very picky on loans (or much more likely just lucky) and would never use auto invest. They do hide it quite well and assume you know but just in case - if you look at the holdings within your account then click the loan (rather then the coloured info dot they use for default) there is a time line which shows insolvency,court action etc and a ask a question box
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macq
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General P2x Discussion
Crowd2Fund
Mar 12, 2019 10:09:13 GMT
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Post by macq on Mar 12, 2019 10:09:13 GMT
Is it my misunderstanding? There appears to have been an increase in exchange sales, and in increase (although still not great) in loans sold at par? Given that the raise value wasn't met: I can't find any articles discussing this, and what about announcements from c2f themselves? ISA season maybe?
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macq
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Post by macq on Mar 9, 2019 23:28:06 GMT
1.partly the name and how the bonds have been rated by a rating agency and then what sector there in as maybe not keen on retail or debt. 2.Then how long the term and what % its paying and is it at a premium or discount.Also while there is a big risk in the fact they are notes & not the bonds i would still only look at secured bonds(but by some reports that did not help with DH Evans) 3.Not sure the interest in a few weeks matters as when you buy the note you pay the accrued interest
And then after all that i probably know about 5% of what a good bond fund manager knows!
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macq
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General P2x Discussion
Crowd2Fund
Mar 9, 2019 18:41:26 GMT
Post by macq on Mar 9, 2019 18:41:26 GMT
I put 5 thousand in that equity fund because it said you could get 24 times what's you put in.I got a letter at xmass saying this time next year it would be worth near 10 thousand. Then it said if I keep investing to avoid dilution it would be worth about 140 thousand when they float the business. I never put any money in this round and I see a lot of other people stayed out was not for me but did notice some of the questions asked were about some of their growth claims for the future
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macq
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Post by macq on Mar 9, 2019 12:29:37 GMT
interesting letter which says a lot about what they think is wrong(but not much about how they will fix it)
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macq
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Post by macq on Mar 9, 2019 11:43:20 GMT
Feel for anyone caught up in this. Were these guys ever mentioned on here? I have never heard of them before. Paying a 25% commission of gross investment (!!) seems like an absolute scam.... if this is what the advisor was pointing out it seems scandalous that nothing was done. May not have been mentioned on here but there is at least One big thread on the MSE forums(under savings & investments) going back 4 or 5 years of about 60 odd pages with regular postings plus other mentions/threads if searching the site (also under LC&F)
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macq
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Post by macq on Mar 9, 2019 8:49:50 GMT
From Abl's point of view you not only have the security,LTV etc mentioned by people willing to invest but from a main stream point of view you are comparing Two of the pet hates of the finance press P2P & Bitcoin or crypto which is probably not helping this loan.Imagine going on the MSE forum and saying you are about to invest in Bitcoin mining via a P2p platform and the replies you would get would be interesting and that could be the hurdle for this loan to get over
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macq
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Post by macq on Mar 9, 2019 8:38:45 GMT
there maybe some merit in comparing crypto to Gold,Silver,Diamonds etc in the fact they are mined and at some distant point in time merchants decided there was a value in them and the idea stuck and there is a chance that may happen here But that is what is happening now with what may turn out to be a good thing but at this precise moment is basically a get rich quick idea with a rush to the finish line.If i buy a coin at this moment in time i have to hope the promoting of that coin in the media(or more likely social media) or news of a break through of how that coin can be used in the general world pushes its value up with like minded people in a closed shop. But while there is only trading within a closed market it is no different to art,stamps,rare books etc. As mentioned in a few places look up Tulip mania or South sea bubble is that any different to what happened to crypto a year or so back once it was in the newspapers and being mentioned in the tv soaps?
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macq
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Post by macq on Mar 8, 2019 19:32:30 GMT
I consider high yield 7% or above. I mean i can get 6 - 6.5 on Ratesetter or lending works or higher on welendus. Rates are poor on unsecured bonds if your feeling brave there's Lowell at 16.5% or you could put your name down for Pizza Express at 30.9%
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macq
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General P2x Discussion
Crowd2Fund
Mar 8, 2019 19:25:11 GMT
Post by macq on Mar 8, 2019 19:25:11 GMT
Did anyone notice what their equity raise got to? When I looked, it wasn't very high. think it was at about £500/600 thou when there was a couple of days left (on a target of £2m if i remember correctly)
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macq
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Post by macq on Mar 8, 2019 10:44:48 GMT
the ability to transfer funds from general to ISA without paying a fee would be a great idea.The funds do not leave the platform unlike a normal early withdrawal and if you then try to remove early from the ISA you would then be hit with the fee at that point which makes more sense And lets be fair if you withdraw at the moment and pay the fee you will then be stuck in the queue as well when reinvesting so a double penalty
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macq
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Post by macq on Mar 8, 2019 7:55:22 GMT
Not sure the words you want to hear when investing are plan B
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