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Post by beeje13 on Sept 8, 2017 19:06:54 GMT
Could peeps do us all a favour here and put a date? Saying today means trying to work out when today actually is! Got to say though... investment is really starting to drag now. Every post has a timestamp? Even on mobile it's visible. I've had 1 £5 Autolend today and 3 slightly larger ones.
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Post by beeje13 on Sept 8, 2017 13:41:04 GMT
Nothing inherently bad about private equity, it's no different from investing in public companies except they aren't listed on a stock exchange.
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Post by beeje13 on Sept 7, 2017 15:55:04 GMT
I got an Auto-Lend of exactly £5 both today and yesterday. Not looked at the loan sizes though.
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Post by beeje13 on Sept 6, 2017 20:16:48 GMT
Looks like I'm on my own around here...
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Post by beeje13 on Sept 5, 2017 15:06:13 GMT
I've left the bespoke lending switched off for now, but will keep an eye on the loans that come up and see exactly what they are. The Auto-Lend on smaller loans is good too I think. Its pure luck if I get one, for the sake of the small size loan parts automating this just makes it easier for us. Topped up my account
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Post by beeje13 on Sept 1, 2017 9:38:36 GMT
My latest reinvestment was matched on the same day as the repayment (priority rate of course).
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Post by beeje13 on Aug 31, 2017 8:06:44 GMT
Also, you won't get an even split across gold and non-gold loans. There appears to be significantly more non-gold loans (which pay the higher interest rate . No secondary market but I don't see how it would be a benefit here, short loan durations. Good default handling so far.
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Unbolted (UB)
Tax return
Aug 28, 2017 20:06:00 GMT
via mobile
Post by beeje13 on Aug 28, 2017 20:06:00 GMT
Thanks both of you. I'm happy with my £5-6 parts but just wondered what it was like for larger investors.
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Unbolted (UB)
Tax return
Aug 28, 2017 13:35:56 GMT
via mobile
Post by beeje13 on Aug 28, 2017 13:35:56 GMT
Can I ask what your max Auto-Lend is set at and what size pieces do you tend to get?
Thanks.
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Post by beeje13 on Aug 28, 2017 8:15:59 GMT
One things for sure, he ain't gonna grow the business fast at z+ offering 4.5%! Considering the waiting lists I think they'll do just fine!
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Post by beeje13 on Aug 27, 2017 16:54:23 GMT
I'm holding mainly at the minute. My recent large investment have been at the lower risk end - LendingWorks.
Apart from that I keep topping up my Unbolted account when it runs out, as I think the prospect there is great: high returns (7-10%) on secured loans, with some diversification you will struggle to beat. And then throw in a provision fund and gold price insurance.
I also find P2P interesting and a diversifier to equities.
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Post by beeje13 on Aug 26, 2017 17:51:08 GMT
Very brave of you to make such a post. The fact that you have taken the care to even consider these aspects of your communication speaks volumes to me.
Please don't let the actions of a few take away from the many that greatly appreciate your input.
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Post by beeje13 on Aug 26, 2017 17:22:25 GMT
This could be the most interesting event in P2Ps history and how it plays out is going to be very interesting - thankfully from the side lines! Personally I think that offering this sellout is a big gamble for RateSetter unless they have someone with alot of capital underwriting the buyout. I suspect a large number of people have taken them up on the offer. I think (and now hope) that a large number of people *have* taken the offer. I've noticed something interesting on the "rate trends". It seems that the weekly lending volume has dropped from a fairly consistent £12M per week to £7M per week, for the last four weeks. When RS did exactly what they said they had, stopped a major lending outlet, and also sold to external finance, their sales volume seems to have dropped by 40%. If the same amount of investor money were chasing 40% less loans, rates would fall through the floor. So, if RS have judged their communication and action exactly right, they can get exactly 40% of investors to leave, and keep rates approx constant. This will leave an overall smaller but fitter platform. For me, it's: continue to hold 5-yr at older decent rates; don't reinvest (with a barge pole) until we see how this pans out; hopefully reinvest after some (possibly wild) swings in rate over the next couple months. I *still* think there's a possibility of a liquidity shock on Rolling, but I don't care personally as I don't see a solvency risk. If they wanted to get rid of 40% of lenders why have they continued offering bonuses to new customers? Also afaik they stopped (or at least started winding down) wholesale lending before the revelation of RS buying companies up. As this is not P2P it needed to change to get FCA authorisation.
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Post by beeje13 on Aug 26, 2017 13:48:06 GMT
It's for my house deposit though, I ain't going near P2P or Shares/Bonds for that! I plan to put the maximum in over the next few years. I have a 4% regular saver that saves £3k per year for it. S&S, P2P falls into the category 'what I can afford to lose'. Once I have the house I think I may run my S&S through the LISA for retirement purposes. what do you mean by this? The LISA can either be cash (like what we have done) or S&S. The providers I know of are: HL, Share Centre, and Nutmeg.
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Post by beeje13 on Aug 26, 2017 12:49:07 GMT
It's for my house deposit though, I ain't going near P2P or Shares/Bonds for that!
I plan to put the maximum in over the next few years. I have a 4% regular saver that saves £3k per year for it. S&S, P2P falls into the category 'what I can afford to lose'.
Once I have the house I think I may run my S&S through the LISA for retirement purposes.
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