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General P2x Discussion
I have 60K
Jan 30, 2017 16:31:22 GMT
Post by Financial Thing on Jan 30, 2017 16:31:22 GMT
Sorry other assets the only other thing I have is I own 50% of a house, which is due to be sold in 7 years and on todays terms I would come away with about 20K In your circumstances, I would definitely consider the risk factor of p2p and tha various platforms and place your money accordingly.
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Post by Financial Thing on Jan 27, 2017 17:21:43 GMT
Aside of your £60k, do you have other assets or savings?
Although it's unlikely, you have to ask yourself how you would feel if your £60k went up in smoke? At 55 you have less time to recover from that loss vs a 25 year old. If the £60k isn't a life changer for you, consider the 12% return sites and hope for the best.
While it's tempting to look at Santander and say, how can I watch one investment earn 1.5% while p2p is earning 6% or 12%, you have to factor in risk.
Personally I stick to a diversified game-plan involving savings, p2p, and unit trusts.
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Wellesley & Co (W&Co) in Administration
equity raise
Jan 17, 2017 12:36:59 GMT
Post by Financial Thing on Jan 17, 2017 12:36:59 GMT
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Post by Financial Thing on Jan 12, 2017 3:19:35 GMT
This has probably been highlighted in other threads but is anyone concerned about the increasing number of loans that have passed their loan terms? Does anyone have any inside info as to how SS is handling these loans?
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Post by Financial Thing on Jan 9, 2017 18:56:00 GMT
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Post by Financial Thing on Dec 13, 2016 11:20:53 GMT
1. Platform failure 2. Where to put excess cash when the rates no longer are worth the risk 3. Heinz baked beans shortage
I'm hoping the stock market will correct at just the right time to be able to transition from p2p, more into equities
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Post by Financial Thing on Nov 17, 2016 18:08:57 GMT
Oh, you can only place one vote... I know, I realised that after posting, then realised I couldn't edit it to include more than one vote ;/
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Post by Financial Thing on Nov 17, 2016 13:44:24 GMT
/mod hat off I've been running down for a while now .. there appear to be some considerable upside risks on market interest rates (with inflation likely to creep up, or maybe more than 'creep'), so locking in ~5% (or less) for 5 years looks like a dumb move. YMMV. With 5 year rate currently less than 1 year rate, and the stupidly high cost of trying to exit early, I think I'll sit on my hands and see what happens next. Still, at least we don't have RS-Bank (see the ZOPA announcement) quite yet. Not in name, anyway. Everyone will be poor and living under the thumb of the rich elite. Elites have been running societies for thousands of years. Nothing has changed.
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Post by Financial Thing on Nov 9, 2016 21:24:56 GMT
You're a brave man! The stock markets aren't running on fundamentals and have been propped up by the Fed and government money printing for a long time. If Trump attempts to go against the old political system and pulls the money printing plug (he has to at some point) the markets will be in for a serious drop. Not a matter of if, only when. So you are shorting the markets then seeing as it is such a dead cert? Good luck to you. I am 100% confident I will beat you over the lifetime of my investment (20 years +) buy just buying and holding. Certainly not shorting the market and never will, too risky. And it depends what investment you are buying and holding; I'm 99% certain (nothing is ever 100%) my investments will be ok
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Post by Financial Thing on Nov 9, 2016 18:43:34 GMT
Result shows just how much polls were skewed by the media. The election was always going to be much closer than the polls showed. Putting money into the stock market now is very much a volatile gamble. I actually bought equities this morning. I think once the initial shock is over the market will see Trump as a positive and will move higher. You're a brave man! The stock markets aren't running on fundamentals and have been propped up by the Fed and government money printing for a long time. If Trump attempts to go against the old political system and pulls the money printing plug (he has to at some point) the markets will be in for a serious drop. Not a matter of if, only when.
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Post by Financial Thing on Nov 9, 2016 13:40:41 GMT
Too close to call the result. Not sure it is - it's close in sheer %age vote terms, but that's not how the US presidential election works. Something I saw the other day gave the split by state for electoral college vote, and put Clinton at 84% change, IIRC. Basically, Trump needs to win almost every swing state. Result shows just how much polls were skewed by the media. The election was always going to be much closer than the polls showed. Putting money into the stock market now is very much a volatile gamble.
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Post by Financial Thing on Nov 9, 2016 13:38:42 GMT
Are rates manipulated? I think it no coincidence that as Zopa announce a fall in rates, so the 'market' rates here fall also. I would imagine that RS advise borrowers as to what rate should be achievable. I did not know, adrianc ,that 6% was still achievable for lenders. How long would it typically take to get a match to get that now? I haven't gotten 6% rates in about 2 weeks but 6% could be offered in 1 minute or in 6 months. Personally I don't think we'll see 6% again for a while. Because the system operates the way it operates, there's just no way to tell.
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Post by Financial Thing on Nov 7, 2016 23:22:19 GMT
I see your point Pikestaff but I see no negatives to basic secondary markets. I do see some really badly designed secondary markets that don't provide liquidity (FS etc.). I think markups should be eliminated. The SM's that work the best have no markups.
I would imagine many lenders would be completely turned off by a platform if it didn't offer an exit.
I would also say that p2p in general provides a false sense of security, not so much the SM itself.
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Post by Financial Thing on Oct 28, 2016 12:59:32 GMT
It would be nice if Octopus worked in the same manner as Wellesley where all investors were invested in all loans. The one feature I see missing from Octopus is auto-re-riversification, similar to how Wellesley rebalances funds across all loans weekly. Otherwise if I deposit more money, it could end up going into the same 10 loans I already hold.
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Post by Financial Thing on Oct 27, 2016 14:09:53 GMT
website not working for me, showed I have received an investment but my balance remained the same.
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