macq
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Post by macq on Mar 7, 2019 19:46:56 GMT
Current price on WA is £91.62, added in the High Yield market. coupon 4.25% YTM 5% (minus 1% fee) unsecured till 2034 - not really getting a high yield vibe!
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macq
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Post by macq on Mar 7, 2019 16:06:25 GMT
fair point Steve.. ..the production of the fuel is low impact... and it would be burned regardless or there would be no point in having a plant that produced it. I am no expert, but my reading (of a University of Queensland paper) says that emissions are less from tyre oil as fuel then oil from fossil sources.... but now we are getting into a whole new thing that I do not pretend to understand!
If they can produce low cost energy, I'd suggest selling it to the grid might be a more sensible option than turning it straight into blockchains of arguable or imaginary worth .. perhaps if they heat an old folks home in the process of mining, they could garner praise on several fronts?
the words hopefully fast & big bucks spring to mind as an answer
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macq
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Post by macq on Mar 7, 2019 15:36:56 GMT
but surely to be used in a mass market sense all coins would have to have the same value which then makes it the some as old money but digital.But once its at a flat rate does the profit not go for the people trading/ramping/mining & promoting on Facebook at the moment? I don't want to get into the future too much! It is, however, and area I am very interested in and have been learning about for a few years. The coins have to be stable, that is for sure... and yes it the same as old money in reality, but no one organisation controls it (that is why those coins that are 'owned' probably won't go anywhere). When something is decentralised it can't be printed out of existence (zim dollar) etc.. thanks for the replies as it was a genuine interest on my part and i realise this thread was about the loan and not what the future will bring and my views are probably coloured by what i have read over the last couple of years.I still can't get past the point that most if not all crypto is created so in a sense you are selling a product/commodity which depends on how others value it (a bit like the so called "commemorative" coins marketed in weekend papers where there is no market except the people who sell them) - But good luck with the loan
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macq
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Post by macq on Mar 7, 2019 14:53:52 GMT
I like that argument! I guess from my own perspective though I regularly use cash in many situations where other means of payment aren't available like at the barbers or paying the window cleaner. Anywhere crypto currencies could be used however, you could instead use a credit/debit card or paypal, etc. The only reasons I would want to use crypto in that situation would be if I was seeking anonymity due to either paranoia or doing something illegal.
.. and that is the problem, presently, for any crypto... it is adoption. When I went to Singapore at the end of the year, this restaurant took crypto. When its not so complicated and tech to own it and pay with it people will see that its not such a big deal... everything is a bit too techy right now for mass adoption but surely to be used in a mass market sense all coins would have to have the same value which then makes it the some as old money but digital.But once its at a flat rate does the profit not go for the people trading/ramping/mining & promoting on Facebook at the moment?
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macq
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Post by macq on Mar 7, 2019 14:48:22 GMT
not for me - not due to the business or what it does but the fact that i can't really get a feeling on the LTV and strength of security to make my mind up
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macq
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Post by macq on Mar 7, 2019 14:21:50 GMT
Nearly all the air we breath has been inside a criminal but we don't stop breathing......
The point is that if we have to be so stupid as to do things that are actually against the Paris agreement and don't make anything of a social value what is the point? "make me poorer and destroy the earth why don't you"
Without any emissions....... CxHx + O2-> H20 + CO2 oh yes CO2 is an emission, who forgot and BTW what is the main greenhouse gas? (See also global warming 101) :-)
We will have to agree to disagree I happen to think the move towards decentralisation, the flattening of the financial ecosystem and digital currency will bring huge social benefits, including environmental. i am One of the old 55 year old's mentioned in other post's but do get the idea of block chain up to a point,but with the mining of coins how do you know what your mining today and using energy for will be in use next week?More then Once the term decentralisation has been used but surely without somebody taking control of digital currency you will just have hundreds of coins/tokens fighting for space(and a lot of the time old money) with wild swings in value which is of no use to anybody when One day it buys a car and the next a cheese roll (and yes i know you can have flat money hit by inflation like Zimbabwe etc) At the moment you are mining a commodity which can be swapped for money with like minded people the same as stamps,coins & panini stickers with the value determined by demand hence the promoting by people involved as no trades = no profit as there is only money to be made while there is profit/loss like shares.Until there is a form of regulation you are probably a long way from that social benefit mentioned
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macq
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Post by macq on Mar 6, 2019 11:36:57 GMT
Given this lack of fulfilment of the demand for their product, could LW not consider doing something like Kuflink (a 'reserve') where money put in can earn interest at the investment rate sought up until the actual loan is created? The way it works is if the funds are pulled by the investor prior to the (uncertain) date of the contract formation they get nothing and if left the 'reward' is a cashback anyway and falls outside normal income. It would not need to apply 'from day one', merely from after a stipluated waiting time - like five days. But it would be better payable from day 1. Given LW has a cashback budget already why not re-purpose that for the time-being and see how things go. If investors are waiting an average of three weeks and you pay them only for two weeks of that that's something like a fifth to one quarter percent - not a lot in other words. [Over to you.] This reminds me of something I read about Paypal. In the early days Paypal use to pay interest on balance until the regulator jumped on them for not having a banking license. The potential fall-out was so catastrophic it was the main catalyst for the tieing up with Ebay (plus good timing). So it might not be that straightforward although i do confess i'm not sure how the regulation has moved on since then, and of course a couple of platforms have managed to pull off something similar. cashback rather then interest the same as Landbay would i assume to be the way round the problem but maybe the headline rate would have to drop to cover it
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macq
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Post by macq on Feb 28, 2019 11:40:43 GMT
and then a couple weeks after that news came out something called The Independent Banking competition Remedies Body gave them £120m so someones taking an even bigger chance (RBS money as part of it's govt bailout)
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macq
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Post by macq on Feb 21, 2019 19:43:17 GMT
In case it is of any interest to anyone here is what I chose, having finally managed to get accounts activated by iWeb which took 2 weeks, after returning to the UK. (they rejected copies of passports stamped by a well known financial advisor which were accepted elsewhere and French driving licenses because they don't show an expiry date, which is correct as they only have to be exchange for expiring ones in 2033, of course the markets rose during this time so this cost me a few thousand, thanks to politicians and a manager making things unnecessarily difficult)
I have now bought the following in roughly equal amounts:
Vanguard FTSE Developed Europe ex UK ETF (VERX) Vanguard FTSE 100 ETF (VUKE) Vanguard FTSE 250 ETF (VMID)
Vanguard FTSE All-World High Div Yld ETF (VHYL)
Vanguard FTSE All-World ETF (VWRL)
SPDR® S&P Global Div Aristocrats ETF (GBDV) SPDR® S&P Euro Dividend Aristocrats ETF (EUDV)
SPDR® S&P Emerging Markets Dividend ETF (EMDV) SPDR® S&P Pan Asia Div Aristocrats ETF (PADV) SPDR® S&P US Dividend Aristocrats ETF (USDV)
thanks for the update good to know the answer to the question - just out of interest did you consider an infrastructure ETF or even property to maybe soften the overlap?
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macq
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Post by macq on Feb 19, 2019 21:59:36 GMT
Terry Smith, Chief Executive Officer, bought 50,000 shares in his own FEET on the 29th October 2018 at a price of 1080.00p, and the FUND has been rising inexorably ever since. Needless to say when I read the above at the time I was going to dive in alongside Our Tel, but never did. Bet if you buy he then sells
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macq
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General P2x Discussion
Crowd2Fund
Feb 19, 2019 21:07:42 GMT
Post by macq on Feb 19, 2019 21:07:42 GMT
they have said but not seen the details yet(mentioned in interview yesterday again) that there will be the option of taking lower rate & with the lender having a say/vote in recovery process etc did you interpret to mean that only those taking the lower % would be able to vote? Prob not - that wouldn't work, those who'd taken lower risk % get to vote? I thought they were reasonably sharp on following recovery processes. if you google Crowd2fund contingency fund there are a couple of articles (i was sure they sent an email but could not find it)
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macq
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General P2x Discussion
Crowd2Fund
Feb 19, 2019 11:26:10 GMT
Post by macq on Feb 19, 2019 11:26:10 GMT
they have said but not seen the details yet(mentioned in interview yesterday again) that there will be the option of taking lower rate & with the lender having a say/vote in recovery process etc
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macq
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General P2x Discussion
Crowd2Fund
Feb 18, 2019 22:41:34 GMT
Post by macq on Feb 18, 2019 22:41:34 GMT
I'm more concerned about the exchange being useable as a buyer. think the flipping of loans at 6% is a pain for new lenders trying to build up an account (i moaned about 18 months back) but its up people not to buy,but i did find the old system on the SM easier to use.But i worry more about the new loans have found many over the last 6 months not that interesting (have done about 3 or 4) and the speed they fill would suggest others agree.i have found my account over the last couple of years has performed pretty well but is running down due to lack of reinvestment choices There was a piece today on the p2pfinancenews site with the director about their latest fund raise and how they will go from £25m to something like £1bn by 2022 based on what FC have done in business(hard to believe) and how the directors want to launch another platform etc
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macq
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General P2x Discussion
Crowd2Fund
Feb 18, 2019 17:17:07 GMT
Post by macq on Feb 18, 2019 17:17:07 GMT
Within settings there is the option to pick notifications and method i.e SMS (the last one i got was a default ) Thanks - I have this but only get notifications for repayments and administrations/defaults - not missed payments. Not sure how they phrase repayments i.e late etc - so maybe we both missed that loan!
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macq
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General P2x Discussion
Crowd2Fund
Feb 18, 2019 14:46:06 GMT
Post by macq on Feb 18, 2019 14:46:06 GMT
I've noticed the oddness of comms terminology about non-paying loans but not had time to follow. e.g. a text about a non-payment as soon as it's occurred and then a text the next day, saying the same people have paid the instalment. Is the only advantage in this text example, for holders to flip their loans on the exchange before everyone else notices? I tend to diversify as much as I can, time consuming in itself - and doesn't eliminate non-payments. I suppose it's possible that they'll end up with a non-self-select platform if things become worse than you describe. I think there are a number of things they could do to improve but don't. E.g. 6% loans on the exchange, two payments in, for things which were originally £13% - I just don't think this helps platform stability, this level of flipping. They improved the exchange but it's really a long way from useable and efficient still. I still like this platform and want it to work rather than it end up not listening to investors and being pulled down by the peer-crowd of this platform. How do you get a text when there is a non-payment? I haven't seen that feature. Within settings there is the option to pick notifications and method i.e SMS (the last one i got was a default )
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