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Post by beeje13 on Jan 14, 2018 16:19:51 GMT
what i have noticed on this and other forums and is ironic (or fun if i used the word wrongly!) And i mean nothing by it other then it has just struck me -is that when people talk of their gains they always talk in £/Eur etc or percentage but no one says i made 400 bits or bobs or doge's today Someone I know was talking about their gains in a few different coins. They said they had bought 0.03 BTC worth of several coins, and now they were worth 0.04 BTC, a a healthy gain, he excitedly said. I then pointed out that BTC itself had dropped in the timeframe he had owned the coins, so the gain wasn't as much as he thought. Now he measures in Dollars or Euros.
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Post by beeje13 on Jan 11, 2018 19:20:29 GMT
My opinion : Cryptocurrency and blockchain are 2 separate things entirely. I think blockchain and similar technology are going to be key for financial systems in the future. I don't think that we will ever be going to the supermarket to pay in bitcoins/XRP/whatever.Why? When you go into a shop and pay using Visa, Applepay, MasterCard, what are you actually trading? Nothing apart from an electronic transfer of equity from one source to another. Exactly the same as Crypto currencies do.
You will be spending £s on a system using blockchain and digital tokens.
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Post by beeje13 on Jan 11, 2018 18:50:53 GMT
My opinion :
Cryptocurrency and blockchain are 2 separate things entirely.
I think blockchain and similar technology are going to be key for financial systems in the future.
I don't think that we will ever be going to the supermarket to pay in bitcoins/XRP/whatever.
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Post by beeje13 on Jan 9, 2018 17:07:54 GMT
Almost 800 loans with a loan value of c£4million have matured or repaid on the Unbolted platform to date, and we are pleased to report that there has been no loss of capital on any loan so far. Please see below summarised default and recovery statistics by loan type.
Gold loans
To date, 233 loans with a loan value in excess of £1million have been repaid on the platform (including renewals) and 12 loans with a value of £50,000 have defaulted, a default rate of less than 5%. Recovery has been completed on all 12 loans and lenders have received full principal and interest on all the loans.
There has been no claim made to the Gold Trust so far, as gold prices have held steady during the tenure of these defaulted loans. If in the future gold prices do drop, the derivatives we purchase in the Trust will pay out and we will make a claim against the Trust for any shortfall in principal or interest.
Provision Trust loans
To date, 469 loans with a loan value in excess of £1.5million have been repaid on the platform. The default rate on Provision Trust loans stands at 8% by value (£138,000) and 13% by volume (69 loans). Of the 69 loans, recovery has been completed on 62 loans and the remaining are in progress.
Of the 62 recovered loans;
On 40 loans with a value of £98,000 - the sale proceeds were sufficient to cover full principal and interest due to lenders On 9 loans, the sale proceeds exceeded the loan principal but did not cover the full interest due. On another 9 loans, the sale proceeds fell short of the loan principal and a claim was made on the Provision Trust. On all such loans, we refunded any fees that we received on the loan. On 4 loans where there had been some form of operational error, we topped up the sale proceeds from our own fees. Non protected loans
10 loans with a loan value of £1million+ have been repaid on the platform and there has been no default so far.
Full loan tape and statistics
We aim to publish the full loan tape, including loan level default and recovery statistics, in the near future.
Thank you for your continued patronage.
Team Unbolted
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Post by beeje13 on Jan 9, 2018 16:53:59 GMT
I like GARP - Growth at a reasonable price.
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Post by beeje13 on Jan 8, 2018 17:30:15 GMT
Probably paid for buy a funding circle loan.
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Post by beeje13 on Jan 8, 2018 17:27:51 GMT
I live off my P2P earnings and that requires 5% of my capital 85% in shares/funds all over the world (but very little in China) 10% in cash and various low interest UK gov retail things Once you take inflation off your P2P earnings and something for income tax, you need a lot from P2P to come anywhere near equity in the last 7 years. Though, of course, it does help that sterling continues to fall against most currencies as it has since 1945. (excluding a short period under T Blair) Chinese funds are probably my best performers recently! Up 50% in 12 months.
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Post by beeje13 on Jan 7, 2018 19:07:24 GMT
some of those funds must be leveraged? Most IT's are, in times if rising markets.
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Post by beeje13 on Jan 7, 2018 17:42:10 GMT
Top performing Investment Trusts last year:
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Post by beeje13 on Jan 7, 2018 12:17:19 GMT
Ha, I have to use Abl on my phone - can't buy loans on my laptop, well I can but on the confirmation pop-up I can't see what's supposed to be displayed (all those tickboxes, so I have to tab down manually and select the tickboxes.
I do most of my P2P on my phone anyway so it's not an issue for me.
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Post by beeje13 on Jan 6, 2018 16:50:51 GMT
I'm moving all RS money to Lending Works, but at 5.5% that may be too low for you.
I'd suggest Mintos, I don't invest there myself (yet) but I've heard good things and the returns are great.
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Lending Works (LW)
Auto Settings
Jan 6, 2018 13:10:43 GMT
via mobile
Post by beeje13 on Jan 6, 2018 13:10:43 GMT
Ah that's fine then, I'll leave it.
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Post by beeje13 on Jan 5, 2018 21:59:12 GMT
Ah, I get you, there is no problem. I j ust completely got the wrong idea of what you were trying to say!
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Post by beeje13 on Jan 5, 2018 20:05:24 GMT
What's the problem? Am I missing something?
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Post by beeje13 on Jan 5, 2018 19:55:49 GMT
jester yes high equity valuations and gaining diversity are the reasons why I participate in p2p. I don't need income from my investments, so long-term returns are what I'm looking for and P2P will trail equities I think.
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