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Post by beeje13 on Jan 5, 2018 17:39:27 GMT
I know this is a website focused on P2P but I am always surprised reading through these threads just how much people have put into P2P.
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Lending Works (LW)
Auto Settings
Jan 5, 2018 17:33:48 GMT
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Post by beeje13 on Jan 5, 2018 17:33:48 GMT
NSFW I've been in contact with LW CS. I have what's a previous years subscription (1p) due to a technical error which caused repayments to be sent to wallet rather than reinvested. This 1p is a compensation payment for any lost interest. Just need to clear up how I stand with it being a previous years subscription - I didn't have a LW account last tax year, I hope this doesn't break any HMRC rules on 1 IFISA subscription per tax year.
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Assetz Capital (AC)
Missing GBBA2
Jan 3, 2018 6:53:54 GMT
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Post by beeje13 on Jan 3, 2018 6:53:54 GMT
All sorted for me now too.
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Chat
REITs
Jan 3, 2018 6:50:54 GMT
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macq likes this
Post by beeje13 on Jan 3, 2018 6:50:54 GMT
macq I have seen those, but that would meanbyet another investment account for me to handle! and I would have to give up my ISA allowance for the year for just one trust - I don't like putting all my eggs in one basket.
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Chat
REITs
Jan 2, 2018 21:47:28 GMT
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Post by beeje13 on Jan 2, 2018 21:47:28 GMT
beeje13 to be perfectly honest this is completely new to me, my only self-select equity holdings are Vanguard trackers albeit a geographically ambitious portfolio. So having said that I hadn't remotely considered an Infrastructure fund, I appreciate the suggestion and will look into it. What is your thinking behind saying that " I myself want to get into REIT'S but investing through IT's doesn't suit me currently." @bobo , you definitely haven't put me off, all advice and opinion is welcome and I'll take it on board in my decisions. I'm not writing off REITs as I like the concept for my portfolio but I'm completely open to alternates I don't yet no about. Having said that I'm using iWEB platform so at £5 a trade I'm deciding what is the least I can commit to per fund, £500 perhaps, 1% trade cost !??! TRIG again looks interesting, my only renewable investment is through AbundanceP2P macq thanks for the recommendations, so many options out there, it's a mine field. As a novice can I ask why you put these IT's forward over the suggested REITs? Also what do you mean by "high premiums for 3i" ? There are some great Investment Trusts that I would like to invest with. But I regular save every month in sums of £25 per fund (to benefit from pound cost averaging) - I don't have any initial charges/fees when doing this with OEICS/ Unit Trusts. But I would have to pay 0.5% stamp duty and £1.50 dealing fee per transaction with IT's, which is quite significant on a £25 investment and would amount to a lot over time. However my broker has capped charges on holding IT's so at the point when it becomes sensible (I only have a relatively small portfolio) I will liquidate my OEICS/UT's and buy IT's to keep charges low.
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Lending Works (LW)
Auto Settings
Jan 2, 2018 21:40:28 GMT
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Post by beeje13 on Jan 2, 2018 21:40:28 GMT
I also have a 1p offer in my ISA account. Oddly, it says 'subscription period' :'previous year'. Yet I only started with LW this tax year. I have had previous small offers but they seemed to get matched up eventually. Also it still warns me that a loan sale will cost at least £20. And finally Matthew do you have an update on when we can move funds from classic to ISA through the website. I want to do this before the end of the tax year. Thanks P.S. I was happy and pleased to see that LW is the lender that provides Revolut users with credit. Hi beeje13Happy new year. Did you transfer in funds from an existing ISA from a previous tax year? If so, these funds will show as previous year subscriptions. If not, would you mind sending our customer service team an email on cs@lendingworks.co.uk just so they can look into this for you? Sounds odd. Could you let me know where the £20 warning is popping up? Thought we'd already removed all references to it! Regarding moving funds from Classic - if you're referring to automatically moving repayments as they come in, this isn't likely to be released in the first quarter of 2018 as there does not seem to be much demand for it from lenders. You can still do this in one go though, subject to any reassignment fees. The Revolut partnership is a very interesting one for us - it's an unbelievable customer journey as it takes two minutes to complete and the funds are instantly credited to your Revolut account (if approved)! I'll get this sorted with CS tomorrow. I have not done any transfers in. As for the classic to ISA, I was thinking of selling out, then it would be nice to press a button to switch it into ISA straight away , but I know that I can phone up to get this done if needs be - not a major issue if course. Thanks.
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Lending Works (LW)
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Jan 2, 2018 20:48:20 GMT
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Post by beeje13 on Jan 2, 2018 20:48:20 GMT
I also have a 1p offer in my ISA account. Oddly, it says 'subscription period' :'previous year'. Yet I only started with LW this tax year. I have had previous small offers but they seemed to get matched up eventually. Also it still warns me that a loan sale will cost at least £20. And finally Matthew do you have an update on when we can move funds from classic to ISA through the website. I want to do this before the end of the tax year. Thanks P.S. I was happy and pleased to see that LW is the lender that provides Revolut users with credit.
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Chat
REITs
Jan 2, 2018 17:32:03 GMT
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Post by beeje13 on Jan 2, 2018 17:32:03 GMT
jester have you considered (or already have) an infrastructure fund? It may not be a direct property investment but it's got the commercial slant you are looking for. Utilities, transport (toll roads) etc.. E.G. there is First State global listed infrastructure. It's an OEIC. 10 years annualised performance for the B Acc class is 9.59%, which is 2.1% above the index annualised. I myself want to get into REIT'S but investing through IT's doesn't suit me currently.
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Post by beeje13 on Jan 1, 2018 15:35:29 GMT
Seriously stuartassetzcapital , Quote: "On the point re the 1.9% differential, in fact our average MLA (manual lending account) rate is around 8% not 5% so the current inflation premium available to investors is circa 4.9% pa gross, pre any losses." Please try to stop twisting my words in a bid to divert attention Away from your decreasing rates policy, I was specifying your lowest rate and using this to illustrate just how low you have stooped with your offered returns. Interesting that you have chosen to focus on this then spin your motives for dropping rates across the board. Poor show Stuart, and no I didn't come up the Clyde in a Banana Boat. Fudge all you wish, bluster too if you feel inclined but take a wee look at your SM, properly listen to your investors and watch carefully as funds leave... Happy New Year or was it a Bah Humbug, I didn't quite catch your drift? AC have clearly answered the lower rates before: there is increasing platform competition and ever growing demand from investors for loans in the space that they are operating in. They stated that they are not going to drop loan quality standards to chase higher returns, particularly in times of economic uncertainty. The rates are lower because the borrowers are paying lower rates. I see Stuart trying his best to answer questions here, and he gives really good insight and data that you would never get from some platforms.
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Post by beeje13 on Jan 1, 2018 11:29:20 GMT
It depends on your Autolend settings.
I probably have enough cash for 13 ~£5 allocations. I have Provision and Gold Trust loans set up to Autolend.
Will probably put some more in on Thursday, unless there's been barely any loans. Usually If it gets to about 7pm and I have less than 5 loans worth of cash, I will transfer in ready for the next morning. I have the email notifications turned on so it's easy to manage.
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Post by beeje13 on Jan 1, 2018 10:26:54 GMT
I have a similar problem as mikeb with a quarter of my MLIA loans with £0.00 invested in, but it's not new, at least one of them has been like that for nearly a year. I have very little left in AC and gave up wading through the 20 pages of -0.0000000000000000000000000001 (probably exaggerating here ) statements a long time ago. I haven't even bothered contacting them, one day I guess I may get motivated enough to sell up completely and try and withdraw everything - which may be an impossibility as last I looked I had some <0.1 p's worth of suspended loans in the QAA. Meanwhile I tend to login at least once a month just to clock the dashboard totals in my toe holdings. I'm sure that you can still sell out of QAA with the suspended loans - I think everyone has those showing as a holding.
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Post by beeje13 on Dec 31, 2017 17:45:08 GMT
I don't think that would reduce the relatively large amount on the SM. There's been a few large loans recently.
Particularly BL00079, which makes up more than half of the SM availability on it's own - and there isn't much confidence in it going by the reception on here.
I'm not sure if halting interest is illegal - but removing this would imbalance things even more as people would list more loans without worrying about losing out on interest. And it works well with the cashback system COL like to use (although I am not a fan of cashback myself).
Liquidity isn't an issue for me as I expect to hold to term any loans I buy.
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Post by beeje13 on Dec 30, 2017 14:36:03 GMT
They should recover some back as the loans are secured against various things afaik. And the founders keep topping it up, but there's no guarantee of that continuing of course.
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Post by beeje13 on Dec 28, 2017 11:38:47 GMT
members.ratesetter.com/login.aspx Just went to the homepage and touched login
Works here ok for me.
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Post by beeje13 on Dec 24, 2017 17:27:04 GMT
Wishing all a happy and healthy holiday. Lots of members here show Christmas spirit all year round by helping the community.
Here's to low defaults and high returns for 2018!
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