pom
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Post by pom on Nov 15, 2016 9:01:11 GMT
I was wondering the same thing...
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pom
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Post by pom on Nov 11, 2016 12:56:39 GMT
So has anyone actually really going for this? The loans finally started appearing while I was away (and not very inclined to start trying out a new platform on my phone)...and since I've got back there only seems to be 2 unsecured loans (not really my thing) neither of which appear v popular. Did any of the loans I missed look remotely appealing? All seems a bit damp squib like am rapidly losing enthusiasm to even vaguely keep funds earmarked
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pom
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Post by pom on Nov 10, 2016 22:45:34 GMT
Ignoring profits required to cover the tax I've paid, I'm now only £60 from getting my initial 1k back. The interesting thing to see will be whether once that initial cash has been "refunded" they start actually making payments to the account I requested/verified, instead of my original debit card..
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pom
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Post by pom on Nov 10, 2016 15:27:18 GMT
"all of them 6 months and under" ROFL 😭 (you should see my FS loans list!) Indeed ... I stopped investing in FS last summer...my last loan was due to repay on xmas eve last year....not entirely confident I'll have it back by xmas this year
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pom
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Post by pom on Nov 8, 2016 18:39:06 GMT
Another contribution to the photos... (perhaps the photographer might wish to make claim just to make everyone jealous...unless you have had a few too many coca teas for the "altitude sickness". ) Actually our guide told us that coca in tea form is basically useless as you need saliva to activate the alkaloids, so with tea you lose most of the benefit, but since most people never go higher than Cuzco they're unlikely to realise anyway. For the really high stuff he recommended pretty much constantly chewing the leaves, which makes your mouth numb and is pretty nauseating after a while. Interestingly he reckoned the next best thing after coca leaves is dark chocolate !! Which was SUCH a shame
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pom
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Post by pom on Nov 8, 2016 17:57:55 GMT
Is there any advantage whatsoever to spreading my investment in one loan over the various tranches or am I just as well off with it all remaining in tranche 1 ?? If you want to sell some later it's possible there might be a slight difference in popularity of the tranches...but that's about the only reason I can think of to spread it around
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pom
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Post by pom on Nov 7, 2016 17:59:11 GMT
So I go away for a couple of weeks and a measly 3 loan parts get sold..so still waiting on £127 of my initial 1k...
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pom
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Post by pom on Nov 5, 2016 17:31:17 GMT
. . . . and the second in the industry to do so. So if CrowdStacker and LendingWorks are already granted full authorisation, which one isn't P2P? That's assuming you have already discounted Crowd2Fund - not sure why tho'!. I'm not an expert and there may be more small platforms also authorised, so is this another instance of selective counting by LC? The key bit was that LW & LC were previously on interim, which the other two weren't
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pom
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Post by pom on Nov 5, 2016 15:50:11 GMT
I am not a UK resident and hence don't quality for ISA but I would love to see a P2P product that can be taxed on CGT bases. (FS secondary market helps). I am taxed at 52%(!). You can get a bit at ABL...instant returns count as a discount therefore you get a smidgen of cap gain as they repay...plus can potentially make a bit as capital on the SM. Not much in the scheme of things tho unless you're investing a lot and then the income exposure would be rather large :-D Otherwise BTL equity seems to be the only way but income/gains pretty unpredictable
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pom
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Post by pom on Nov 5, 2016 15:41:17 GMT
You can pay new money into only one in a tax year...you may be able to transfer in previous ISA money into another Ok just to check my understanding of the situation is correct.
Let's say I put 10k into a Cash ISA this year 16/17
Then for year 17/18 I can put new ISA money into ONE IFISA platform but ....... I can transfer the 10k from my previous years cash ISA across as MANY IFISA platforms as I wish?Potentially...provided they all allow partial transfers in/out (some older ones are a bit all/nothing) and the new ones accept just transfers (ie don't insist on new money)
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pom
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Post by pom on Nov 5, 2016 12:51:15 GMT
You can pay new money into only one in a tax year...you may be able to transfer in previous ISA money into another
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pom
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Post by pom on Nov 5, 2016 11:48:20 GMT
I'm certainly reluctant to invest further in this sector with it's inherent risks when a further 40% will be knocked off my interest. Do others not find this currently puts them off investing largers sums ? Not really, 60% of the p2p rates is still better than 60% of bank rates. Doesn't mean I'm not picky about what to invest & where (and will wait for an ifisa on a platform I want rather than jump into the first that comes along), but tax is a minor issue, other than ensuring I have sufficient liquidity to pay the bill!!! Edit: I should probably caveat this that i'm able to reduce my tax bill by increasing pension contributions (tho not enough to protect all my investment income from 40%) and that my p2p money is a small enough relative to everything else to mitigate risks
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pom
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Post by pom on Nov 5, 2016 0:05:51 GMT
Damn, I wasn't intending to invest in this one, but it was just so easy to move the released funds in to the new loan rather than withdrawing them. Wot timing! Not sure I was either, but after a couple of cocktails and with first wifi connection for a while it seemed like an OK idea :-D
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pom
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Post by pom on Nov 4, 2016 23:39:49 GMT
Have been merely lurking this last couple of weeks whilst on hols, but nearly spat out my cocktail when I saw the email. The mind boggles somewhat at the order the FCA seem to be going in.. On the other hand I guess Fumbling clowns may be a bit upset that a minnow beat them to it :-D
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pom
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Post by pom on Oct 21, 2016 9:11:30 GMT
Just means tomorrow (probably......... ). We reserve the right to delay or cancel etc etc...... I got 2 emails too ? They've been known to go-live from first thing in the morning till halfway through the evening............. watch your inbox ! I also got 2 emails, but noticed that PBL142 had been assigned on the pipeline page. So I replied the email asking if they made a mistake and mean't 142 rather than 141. Minutes later another email arrived stating that 142 goes live tomorrow. So, I think the second 141 notification was simply a mistake and should have referred to 142. So did I (reply that is)...wonder if their mailbox was flooded
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