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Post by ablrateandy on Mar 4, 2017 16:34:07 GMT
So do we all get to blame Jester if we invest in a loan that he likes and it goes wrong? . He can ask for his own sub-forum!!!
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Post by ablrateandy on Mar 4, 2017 16:29:19 GMT
I'm in! It was reading about Kica (or something similar) six years ago that first got me interested in alternative finance
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Post by ablrateandy on Mar 3, 2017 19:39:34 GMT
If you upload it (obviously without data!) or PM it I will happily take a look as I am a bit of an Excel geek.
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Post by ablrateandy on Mar 3, 2017 0:43:15 GMT
Hello and apologies. Email sent to lenders (hopefully) providing re-assurance
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Post by ablrateandy on Feb 19, 2017 22:10:13 GMT
Not if you base your assessment purely upon the interest rate.
"20% per year. Too good to be true?" was the question.
If the question was "8% per year. Too good to be true?" what would you think?
The point of my answer is that you need to look at what backs the claim.
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Post by ablrateandy on Feb 18, 2017 21:33:35 GMT
There's no such thing as "too good to be true". There's plenty of double digit returns out there. Nor does a bond issuer have to be FCA registered although a "proper" bond will be listed on a stock exchange.
However on this one look under the hood. I've come across something very similar and the invoices arent yet raised and so aren't valid. With recruitment consultants they don't have that guaranteed cash flows for months and at that point it's just receivables finance, which personally I would look at between 12 and 24c depending on the contract and obligor.
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Post by ablrateandy on Feb 14, 2017 23:03:40 GMT
The brick has received a stern kick. Unfortunately the Brick is the reason why P2P exists and is proving my existence with every day that it takes...!
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Post by ablrateandy on Feb 9, 2017 20:27:19 GMT
Once the repaid capital is done we will try to get that done. Until that is done there is no pure symetry of information so we are just being cautious.
I'm hoping that we can do the repayment imminently. The cash is there but I am awaiting one final brick n the wall before we press the button.
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Post by ablrateandy on Feb 7, 2017 12:38:14 GMT
No. Not in the slightest. Sorry for the delay - we are just waiting on one more thing. As soon as it is sorted we will get moving.
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Post by ablrateandy on Feb 6, 2017 18:56:54 GMT
Basically, the more often you receive interest, the higher the AER. So, a 12pc coupon paid annually only gives you the opportunity to reinvest your £12 interest at the end of a year. However if it is paid monthly, that first pound can be re-invested and itself earn interest...and the second pound etc etc...
So the AER on a 12pc paying monthly is 12.683pc because each of your 1pc interest payments gets the potential to be re-invested.
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Post by ablrateandy on Feb 5, 2017 23:38:39 GMT
Hi stevio The simple way is to look at the AER. The AER on a newly issued 12% loan paying monthly is 12.683%. If you can buy any loan on Ablrate at an AER higher than 12.683% then it is a better yield. I would also disagree that buying at 101 in a 12% market gives an identical result whichever loan you buy. If you have a loan starting 28Feb16 and maturing 28Feb19 and buy it at 101 : If you buy it on : 28Feb16 that is a 12.683% return 12Mar16 that is a 12.236% return 28Mar16 that is a 12.231% return 28Feb17 that is a 12.057% return 28Feb18 that is an 11.505% return imho the only thing to look at on any loan is the AER and whilst we sometimes get knocked for being complicated, I would contend that we show exactly what investors should be looking at.
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Post by ablrateandy on Feb 1, 2017 21:57:35 GMT
Hi ... I am just awaiting some money to arrive and it should be very imminent! I was hoping it would be here by Friday but it wasn't. I will send an email this week as soon as it lands.
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Post by ablrateandy on Jan 24, 2017 22:26:52 GMT
I have three. Generally, they are ace (I remember telling my 10 year old when he was 3 that he was my best mate, and I meant it, though it was primarily because he was the only person that laughed at my jokes.... Yes - it is filled with frustrations and yes they are annoying at 2am, but some of the smiles that they give you make everything worth it. Of all of my pics of my kids, I love this one the best because it sums up parenthood - a stressed, tired and hot parent underneath and a blissfully content toddler on top with no idea of the suffering below Please note that I am not always a hot, scared-looking hunchback.
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Post by ablrateandy on Jan 19, 2017 23:49:16 GMT
Back to the initial point though... I did a while ago think that there is no reason (apart from the creditworthiness of the two lenders) why if someone wanted to sell something "off-platform" they couldn't do so as an "insurance" contract. It's effectively the off-taker paying X in return for an assignment of the proceeds of the on-platform loan.
Particularly good where certain platforms misprice the cost of exit...
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Post by ablrateandy on Jan 14, 2017 12:00:29 GMT
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