pickles
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Post by pickles on Oct 20, 2017 20:26:00 GMT
I'm in, but I know people like the borrower so I'll not be holding to term.
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pickles
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Post by pickles on Oct 9, 2017 19:22:36 GMT
I met a transvestite from Greater Manchester yesterday. He had a Wigan address.
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pickles
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Post by pickles on Oct 8, 2017 11:36:34 GMT
Ah I see - I didn't realise there was a £100 maximum, so that means parts will sell to anyone with over £20K. All my existing parts are £20 which should give no problem when the time comes to liquidate early next year - does anyone know if the "two payments remaining" rule is still in force?
In light of the above, I'm not sure why autobid hasn't bought anything for me, I currently have £143 in cash I just assumed it was waiting to exceed the 0.5% (which it did today).
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pickles
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Post by pickles on Oct 8, 2017 7:17:26 GMT
This might have been answered already, but I've not seen it.
When you buy the software will purchase a part size exactly 0.5% of your current portfolio. If it's a new loan it will chop it up to produce a loan part of the right size. What happens when it goes on the SM? Do you have to wait until someone with exactly the right size portfolio (ie the same size as yours when you bought the part) has the exact amount of cash ready for a purchase? Or does it re-split the part or combine it with others on the SM?
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pickles
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Post by pickles on Oct 5, 2017 6:44:23 GMT
OK, that sounds fair enough, thanks for the prompt reply mrclondon
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pickles
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Post by pickles on Oct 4, 2017 20:18:19 GMT
I get this message from time to time when I tether from my phone. I guess 3 manage to get their IP address on some blacklist, or someone who is actually banned is also on 3, but it seems a rather old fashioned way of keeping bannees from signing up again.
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pickles
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Post by pickles on Sept 24, 2017 13:55:15 GMT
In three places? Not sure what you mean? Me neither. I've looked all over the site and can't see where to accept any Ts & Cs. Interest is trickling in but nothing bought since the 18th. Can someone point me (and driain) in the right direction?
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pickles
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Post by pickles on Sept 13, 2017 7:25:17 GMT
OK, now I see they use MS Office which I don't have as I'm not a business so it appears I can't contact them via email. And they have no support phone No outside of office hours. I don't like having to wait two days to see if my account has been in any way compromised. I'm struggling to see any connection between those four things???
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pickles
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Post by pickles on Sept 10, 2017 14:37:14 GMT
worse case the loans will delist automatically after 2 weeks as you can't perpetually list a loan for sale. The two week thing seems to have gone out of the window, if you list now it tells you it's on the SM for 60 days. Though I rather suspect they will simply switch off the manual SM on the 18th and remove everything on it, after all there's no premium or discount after then so nothing could be bought that wasn't already at par.
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pickles
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Post by pickles on Sept 9, 2017 16:43:49 GMT
Appalling standard of English. Patronising "spin" that treats the lenders as idiots who can't think for themselves. Tracking problematic property loans before they are "swept under the carpet". Adrenalin rush from seeing how my 4 defaulted loans perform - one of which pays me a staggering £0.02 per month.... 1 & 2 will presumably continue. The updates are hilarious. It's like they are written by a precocious 11-year old who's trying to sound grown up and clever but doesn't own a dictionary. 3 agreed - no choice about what to buy or sell, you can just watch and hope. 4 I should be so lucky - I have one where the borrower pays monthly at the rate agreed with FC. It takes SIX MONTHS before they have enough to be able to pay out at 1p to the smallest investor.
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pickles
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Post by pickles on Sept 9, 2017 16:34:53 GMT
What's on the SM? Over 750K and rising. Do I hear a million from the back sir?
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pickles
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Post by pickles on Sept 9, 2017 16:33:14 GMT
The amounts on the SM is challenging the levels of BPF5** - and the latter is a definite default!
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pickles
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Post by pickles on Sept 7, 2017 20:17:21 GMT
Thanks for the comments and the links.
Yes I do give to charity, and give my time too, but I'm still going to need food and shelter myself when I stop earning!
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pickles
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Post by pickles on Sept 6, 2017 20:26:09 GMT
This is not a P2P specific question - mods feel free to move the thread - but as there is a lot of expertise round here...
I've been a contractor for a long time, I've just switched to the dark side as the employer made a very decent offer unlikely to be seen again at my age. But the downside is a level of tax that horrifies! My previous plan has been to pay myself only within the standard rate band, leaving the rest in my own ltd company until such times as I don't earn fees. The majority is in P2P nowadays. But I digress.
The employer has a limit on what I'm allowed to push into the pension plan at around 10%. I guess the sensible thing to do is put a large amount into a personal pension (I have a couple from years ago). Or should I open a SIPP? What are the differences, pros/cons? I guess a SIPP gives the opportunity of buying things like FC fund. Also can buy trackers which are cheaper than managed fund in a PP - is this right?
Also what should I do with the cash in my companies? I'm concerned the tax will double as soon as I don't have contract fees going in. Should I move as much as possible into pensions now?
Are there any other options? My total assets are fairly modest at the moment, previous retirement planning went out of the window with the divorce, but I hope not to be a pauper when I hang up the keyboard.
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pickles
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Post by pickles on Aug 28, 2017 11:13:37 GMT
You're competing with my strategy, pickles. Fortunately we have two accounts, and so we have two sell dates for bundles of property, about 4 months and 7 months. The shuffles have resulted in an account that has 54% with one borrower. A proud diversity super-criminal ( no they will not sell it without permission). I suppose that if they have an IFISA for 2018/9 and introduce a 'Kamikaze' Autobid option, then we may consider it. I am also following the same strategy, pickles & blender. However I am selling any below 12 months, sell out in 11 months. Hoping to use the funds at that time outside of p2p. If i do not select an option on autobid buying, my account will not buy any further loans? It will just wind down what I have, before I sell the lot right? Yes, that's right, it won't buy into any further loans without your say-so. What I'm worried about is whether it will sell to bring my account to the "right" amount of diversity.
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