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Post by solicitorious on Jul 17, 2017 11:33:58 GMT
BTL Property 39.1% [hold] [generating 13.8% gross per annum on current value or 28.9% on purchase price 15 years ago] P2P 38.6% [decreasing] Speculative 10.0% [hold] [the kind of stuff that will either make me the next Bill Gates or lose me almost the lot] S&S ISA 7.1% [increasing] Gold/Silver 2.4% [hold, may increase] Tax Refunds Outstanding 1.2% {I don't like paying tax, so often don't} Cash 0.6% [decreasing] [includes uninvested funds on P2P platforms] Loans 0.6% [decreasing] Collectibles 0.4% [may increase] Bonds 0% [may increase]
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Post by solicitorious on May 29, 2017 13:16:12 GMT
Disappointing. In my entire time here, I've held no property loans [aside from briefly some loose change to avoid dead money sitting around].
I've been around long enough to remember that it was MT's original USP - that it was NOT going to be just another property P2P platform.
That noble aim seems to have fallen by the wayside.
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Post by solicitorious on May 29, 2017 12:52:11 GMT
I'm talking specifically about grouped assets, which was one of the USPs that drew me to the platform over two years ago.
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Post by solicitorious on May 29, 2017 12:29:05 GMT
The AE stocking loans will remain but grouped assets will end. My favourite loans on the platform. 80% of my loan holdings in MT coming to an end? A large 5 figure sum. Nothing similar on the horizon to replace them with. How many others are in the same position? Impact on the platform?
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Post by solicitorious on May 9, 2017 15:50:03 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? dissolved in 2015, formerly run by South African directors.
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Post by solicitorious on Apr 12, 2017 13:00:42 GMT
fundingsecureIt's been asked for before, and it surely can't be too difficult to show:- Current investment amount in each loan displayed on the "My Dashboard" and "Available investments" screens. Even as a hover message on the "You have invested in this loan" icons would be better than nothing? Thank-you.
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Post by solicitorious on Apr 4, 2017 15:26:04 GMT
Each company has their own business model, with particular features that appeal to their customers. No company is a 'one size fits all'. The vast majority of our 'advance go lives' are live within 24 hours. However, any thorough due diligence process will, on occasions, throw up 11th hour questions that were not identified by solicitors before, and we would always want to be 100% satisfied that all questions have been answered before a go live. Doesn't answer the question, I'm afraid. Why send notices at the 10th hour, and not the 12th? And as for "vast majority" I doubt it, or I wouldn't be so irritated. I've been around longer than you have, so I ought to know. A bare majority launch on time, perhaps...
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Post by solicitorious on Apr 4, 2017 15:00:11 GMT
Hi, it is imminent, but there are still one or two more steps that we need to undertake to complete the due diligence, which is taking slightly longer than anticipated. While I wouldn't want to put a timescale on it, I wouldn't expect it to be any longer than a couple more days. May seem a stupid question, but WHY don't you complete your due diligence BEFORE wasting everyone's time with irritating phantom launch notices? Other platforms can.
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Post by solicitorious on Feb 25, 2017 17:52:08 GMT
Someone knows something we don't?
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Post by solicitorious on Jan 29, 2017 18:26:19 GMT
You definitely need to declare all interest. The automated system gives you whatever allowance you have left. I worked the marginal rate as being 40% plus half of 25%, but you are correct - it is essentially 60% as the same amount of 25% stuff will be pushed into the 40% band. Means taking 3.9-4% on a 5 month holding on FS by selling on the SM, and taking that tax free if you have space in the CG £11,100 allowance is much better than taking 6.5% at 6 months and losing 3.9% in tax, clearing 2.6% net in 6 months..........it actually almost doubles the return if repeated even without reinvesting the gain. Fairly focuses the mind. I try to utilise that and the dividend allowance - it amazes me how many people are not aware that there is effectively another 16k tax allowance via these routes. I bed and ISA from my S&S account to crystalise some CG. I used to get out of the penalty zone by adding to my SIPP but that is no longer viable, so the last couple of years have reduced the impact with VCT contributions. It really seems that we need to squeeze at the margins where we can. I am new to P2P but see that all the SM on abundance is at a premium above accrued earnings, so that's another place I shall try to use to make CG rather than income. I am sure there are other platforms where this can be done to some extent to reduce tax owed - having purchased at a small premium on ABL it allows for a smidgeon of CG. I thought there were no CGT implications for selling parts at a discount? And no taxable interest either, if the accrued interest 'parcel' is passed to someone else?
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Post by solicitorious on Jan 25, 2017 15:26:56 GMT
savingstream . It would also be nice if repayments are expected around the same time, a new launch should occur after these, and not before, where possible. No-one listening, as usual...
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Post by solicitorious on Jan 23, 2017 12:50:25 GMT
savingstream. I've asked for this before. One would think that a mature, growing platform such as you are would have figured out how to launch loans properly by now. Other platforms can, why can't you? By properly, I mean at some designated time, on the day they have been promised. Cancelling launches, letting them drift for several days, and launching at any random time from 7am to 7pm, just screams chaos at SS towers and/or contempt for your lenders. Some of us have lives outside of P2P and do not welcome this waste of our time. Here's a helpful hint. Work out what date the loan can realistically be expected to launch, then add... oh.. a couple of days for contingencies, then announce the later date as the launch date? It would also be nice if repayments are expected around the same time, a new launch should occur after these, and not before, where possible.
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Post by solicitorious on Jan 8, 2017 3:32:27 GMT
You can guess what you like.
I prefer to think, based on my coding experience, and the possibilities that you've not even thought of.
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Post by solicitorious on Jan 4, 2017 17:55:26 GMT
Warrants a large WARNING text at the top of that thread at the very least in the meantime Not really, the post linked to is a prime example of misleading scaremongering. Things can be done but there is no reason to believe that the P2P tools whose inner workings can be readily examined do those things. That I could if I was someone else go any mug stevio and steal their money is true but that is not sufficient reason to ban me. Yet that is the nature of the claim being made in the linked post: crooks can do x so we must treat everyone as a crook. Like me, the tools should be judged based on what they actually do not what a different criminal tool might do. Perhaps you didn't read any of the scholarly articles by real experts that I linked. My brief initial comments above were derived from them, not my own opinions. I am no expert in internet software [just a basic understanding], but my 15-years systems analysis and software development experience in the data processing environment at least taught me this:- Ad-hoc introduction and testing on the fly of software, with no formal or secure storage and change-management procedures, on live mission-critical systems is a recipe for disaster, all the more so if - god forbid - unsophisticated users are given the access privileges to do the same. [In the P2P case, they already have the access privileges - it's their own accounts they're running this stuff on!] I freely admit that my intervention was a bit dramatic. Being invited to run such software on my own mission-critical system awakened the old mainframe programmer in me, and data disasters of days of yore. Sorry if I spoilt your lunch.... It was intended to ascertain:- a) is everyone asleep at the wheel? [apparently not. Good] b) does everyone understand what's going on at the moment? [apparently there is some confusion] c) even if nothing critical is occurring at the moment, does everyone fully understand the scope of the problem domain, and how, by inadvertence or inattention, a critical situation could yet arise? [some constructive comments have already indicated it's a valid question that needs addressing] d) What is "the plan" to minimise risk? "Shoot the messenger" is not a recognised response to computer security questions.
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Post by solicitorious on Jan 4, 2017 12:40:26 GMT
And if they multiply uncontrollably, or metastasise [as they surely will, given time]? Who is going to take responsibility for monitoring them in all their versions for evermore?
A glance at some of the recent threads gives a glimpse of the future, with god-knows-who collaborating on modifying this stuff almost the instant it is released!
e.g.
"None is issued by the script. I have those "BLOCKED BY CLIENT", and I believe it is the Adblock extension. No problem there.
But this gtm.js may be interfering. It seems something like Google Tag Manager. Do you have any extension with the name resembling Tag Manager or GTM ? Try disabling it to see if that's the issue."
Do this? Try this? No problem? Disable this? Press this?
Anyone understand any of it? What could possibly go wrong?
We know P2P is risky-enough. Why introduce and promote further uncontrolled risk?
Let these geniuses play - at their own risk, in their own bedrooms - while others encourage the platforms to give their customers the secure functionality we request.
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