p2pmark
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Post by p2pmark on Jun 7, 2017 17:42:53 GMT
Project seems to be progressing well, to the extent it's possible to tell. I'm surprised the SM queue is so large.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on May 27, 2017 18:39:24 GMT
Judging by the jump in the amount in the sales queue, it looks like the tranche didn't fill? And it seems as if the unsold PM tranche ranks behind new SM sales (I put some up for sale and the queue was shorter than the amount available). If the new tranche never fills, does anybody know what happens to the project? Will Lendy step in? Are they allowed under FCA rules?
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on May 22, 2017 21:11:43 GMT
Ten loans in the pipeline - albeit, several very similar - still must be a Lendy record?
Click to view...
EDIT: I expect if you were being pedantic, you'd call it seven loans with one split into four parts.
It will result in those who use autoinvest investing more than they would otherwise, and being less well diversified. And I imagine many of them won't realise it.
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on May 9, 2017 15:46:23 GMT
A quick Google search of that phone number (making sure the spaces are in the right place) reveals them to be a travel marketing company in Battersea. Not sure if I'm allowed to name them?
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p2pmark
Member of DD Central
Posts: 217
Likes: 186
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Post by p2pmark on May 3, 2017 8:20:08 GMT
Anything with a discount of 0.9% is selling. That should be your starting point. You will have earned 5%(12% loan) for holding for 5 months less 0.9%, so 4.1% or 9.84% annualised with no default risk. Paying tax on that 5% @ 40% would leave 3% or 7.2% annualised with default risk. Thanks Liz! Nice simple example that Worzel here can follow, I might now engage in some Selling on FS. I had thought that the tax was transferred at the point of sale. So there would be no tax due even for a 40% taxpayer. Is that not right?
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