bababill
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Post by bababill on Oct 3, 2015 6:35:50 GMT
Thanks for the info.. Seems like Proplend is missing from the list?
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bababill
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Post by bababill on Oct 3, 2015 6:29:25 GMT
I do both... if the company has liquid cash then i invest from the company; no need withdraw funds and pay personal tax. If I personally have liquid case then its from the individual.
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bababill
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Post by bababill on Oct 3, 2015 6:17:09 GMT
I don't have many issues with the software....works fine most of the time for me. i just don't use the secondary market...too much hassle for me.
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bababill
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Post by bababill on Aug 31, 2015 1:02:12 GMT
I note from the LI website regarding extending Loans the date is 28th July 2015. The extension that I was 'forced' to give was prior to this date.
I was discussing pros and cons of LI with one whom I would deem to be a 'professional' in this field--
The abridged reply is a follows
''xxxx....operates a genuine P2P model where the borrower and lenders have direct loan contracts between eachother. This is what the FCA classify as a P2P loan contract.
With Lendinvest you are buying the 'right to receive interest'. ''
I feel misled by LI though I continue to participate in their model (albeit with a smaller exposure going forwards).
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bababill
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Post by bababill on Jul 26, 2015 20:02:26 GMT
Mclondon you are very very right. Couple queries can one really manage 200 plus loans? Just to do the initial d.d. on the loans would take forever. I agree on a.c. I would have to lower my comfort requirements just to be able to pick up enough loans. Why has there been so little reference to lend i.? Appreciate you have too much exposure to property but maybe more then half of loans on a.c. seem to be property loans? With lend i. its easy to earn 7.5 percent before capital losses. (None so far for me. ) I also avoid most loans on t.c but when I find one I like to go in on a big way. Whereas with a.c. I get feeling more like f.c. and just do autobid or sorta autobid. What about funding K? Or more of just the same. FK smaller version of FC, bit better at communicating but still largely non-asset secured. Have you looked at savingstream, property backed loans @12%, simple site, v. liquid market, limited provision fund, only issue is current structure (lend to platform) but the much promised trust structure is allegedly finally imminent. Bit of a tendency to extend loans but as interest is always covered not a huge issue particularly with liquid SM. One default fully recovered quickly. When I looked at savingstream long long time I felt they were too small.. just noticed they put to 46 million traded so they must have grown a lot. Still not happy with the issue of lend to platform... will wait till thats fixed.
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bababill
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Post by bababill on Jul 26, 2015 18:06:27 GMT
Only last month I sold half of my portfolio of tracker funds to put into P2P. Though I had already more then 50 percent exposure to P2P I figured its gotta be better then earning 5.6 percent per year since approximately 1998-circa 2007. Only good thing about these trackers is they were in ISA's.. but even then i sold to put into P2P. Take the case of R.S. 5 year bond earning 6.1% and way less volatility then trackers.
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bababill
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Post by bababill on Jul 25, 2015 14:14:38 GMT
Mclondon you are very very right. Couple queries can one really manage 200 plus loans? Just to do the initial d.d. on the loans would take forever. I agree on a.c. I would have to lower my comfort requirements just to be able to pick up enough loans.
Why has there been so little reference to lend i.? Appreciate you have too much exposure to property but maybe more then half of loans on a.c. seem to be property loans? With lend i. its easy to earn 7.5 percent before capital losses. (None so far for me. )
I also avoid most loans on t.c but when I find one I like to go in on a big way. Whereas with a.c. I get feeling more like f.c. and just do autobid or sorta autobid.
What about funding K? Or more of just the same.
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bababill
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Post by bababill on Jul 25, 2015 8:52:19 GMT
93 active loans and out of that 17 are ‘investment paused.’
I don’t see how I can make this site work for me unless I micromanage it. Even then the odds seemed stacked against it…I am not good at flipping loans; FC never worked for me either...
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bababill
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Post by bababill on Jul 24, 2015 16:41:48 GMT
Thank you for pointing this out. Very interesting... Would this apply for the other loans that are/were in default?
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bababill
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Post by bababill on Jul 24, 2015 10:55:40 GMT
I think much better to call in the receivers right away. Say I invest £100. Now there is issue with planning permission and property looses 30 percent of value. I would still be covered as loan to value ratio is 70%. Let us say I still lost a further 10 percent of the capital for receivership fees etc. Had a receiver been appointed 7 months ago (after the initial one month of 'discussion') a total of 7 months would have been saved. Meaning that though now though I have only £90 pounds of my initial investment I would have been able to reinvest at 0.0083% per month and hence back up to £95.
First loss is the best loss.. no need to drag it out. I find this 'approach' concerning to me as an investor as it drags out the financial uncertainty. Where can I find the current default rates on Assetz Capital site?
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bababill
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Post by bababill on Jul 24, 2015 9:44:43 GMT
Thanks... I applied yesterday for access perhaps it takes a couple of days..Maybe they still checking for funds as I had only deposited them yesterday also...
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bababill
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Post by bababill on Jul 24, 2015 9:37:27 GMT
Thanks.. trying to figure out how their website works is more confusing then any platform I seen so far...not sure i can even be bothered..... just looking to try and diversify out of other sites like LI and TC Did you post on the wrong thread? Interestingly there is lots on the aftermarket at the moment. Nope, I didn't post on the wrong thread. Perhaps, I should have quoted Ramblin Rose's post from April 11 of which I was referring to.... Am generally new at posting tho for sure....
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bababill
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Post by bababill on Jul 24, 2015 7:49:18 GMT
As a potential newbie on Assetz, I am reading some of the commentary on the activities section on their website. There is a bridging loan that defaulted back in November. At the time Assetz wrote something to the degree of its only been 3 weeks since the default give the borrower time please lenders and don't be so insistent. Now nearly 9 months later (July) a LPA receiver has finally been asked to take appointment of the property.
This is far far far too long in my opinion. Forget the issue of whether interest will be earned, the issue is that the capital is tied up for so long. (never mind that now valuers are saying the property is worth less then before...)
Anyhow, if this is how Assetz operates on 'gently' 'gently' approach then perhaps I can't be investing here. Is this the norm?
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bababill
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Post by bababill on Jul 23, 2015 14:37:32 GMT
Thanks for detailed reply.. I think I was very confused on how to lend to primary loans (usually, I avoid the secondary market)....But now, I understand its all secondary, which perhaps could be better as they are all sold at par (i think).
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bababill
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Post by bababill on Jul 23, 2015 14:11:54 GMT
Thanks.. trying to figure out how their website works is more confusing then any platform I seen so far...not sure i can even be bothered..... just looking to try and diversify out of other sites like LI and TC
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