dermot
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Post by dermot on Mar 27, 2018 20:33:41 GMT
Sometime we should start getting cash flowing back from Collateral's coffers, so what are people planning to do with it?
So far, the only ISAs I have are managed stocks and shares ones, and I don't know that I want to put any more cash there for the moment.
Now I'm retiring shortly , my appetite for risk is reduced, so I'll probably tend to avoid individual property loans and wondering about settling for an ISA Assetz 30day or RS account. I have a decent chunk in Unbolted and will try and add to that if possible. Bearing in mind that the lions share of CO bling has historically renewed, hopefully UB will pick up some new business.
I don't fancy locking cash away for 5 years, just for an extra % or two, so either 3ish % on rolling or 4.25% in A.C. 30day tax free is a pretty good return since I'll still be at higher rate.
I'd really like to diversify more in ISA P2P; pity the rules only allow one IFSA per year.
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tx
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Post by tx on Mar 27, 2018 20:52:05 GMT
I lost money on the stock market and I got scared, means it is not for me.
If I lost in p2p, “if” though, then maybe I would get scared again, then maybe it is not for me either.
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fasty
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Post by fasty on Mar 27, 2018 20:53:06 GMT
Something seasonal about eggs and chickens comes to mind...
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GeorgeT
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Post by GeorgeT on Mar 27, 2018 21:00:41 GMT
I've had a relatively good run with my P2P investments over the last few years and this Collateral shut down is obviously my biggest problem to date. It has served as a salutary lesson to me and concentrated my mind a bit and I think whatever funds I recover from Collateral - and I am hopeful that it will be a good recovery - I am minded to just stuff away in a safe bank savings account earning 2% or whatever I can get. However that will depend on the general state of play with the sector when that time comes and I will review my options then. Right now my mindset is to withdraw funds from P2P as and when I can and then sit back and watch. Collateral aside, I feel this is a watershed time point in the P2P sector in general and things could go any way from here.
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hantsowl
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Post by hantsowl on Mar 27, 2018 21:11:46 GMT
Ablrate and AC ISA's for me. I have more than enough ISA money already in Stocks and Shares and just don't fancy bank deposit rates. Maybe add to my VCT holdings to reduce my tax bill.
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ceejay
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Post by ceejay on Mar 27, 2018 22:29:46 GMT
OTOH, it may not be a bad time to be buying S&S right now, after the correction we've had. Then again, the phrase "catch a falling knife" comes to mind!
I thought hard about it and in the end couldn't come up with anything better than maintaining my S&S/Cash/P2P ratios more or less as they are, so any of my very modest funds in COL will be recycled into P2P, probably into RS 1 year (I have as much as I feel comfortable with, possibly more, in AC; and though I love ABL I just can't find the capacity there).
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Post by Harland Kearney on Mar 28, 2018 0:10:42 GMT
I don't think precision entry into the stock market is a good idea (especially for ISA/SIPP money), a weighted monthly (or quarterly, whichever your chooser) approach would avoid the "falling knife" syndrome. As should be common knowledge, investment (not trading) into Funds or individual shares should be a 3+ year time frame (ideally 5 years) Just my opinion not advice of course guys, though I comedically added a significant amount of money to my stocks account 1 week before the correction, oh deary me!
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elliotn
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Post by elliotn on Mar 28, 2018 2:00:43 GMT
A sports car and a rolex.
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elliotn
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Post by elliotn on Mar 28, 2018 2:01:37 GMT
For the avoidance of doubt - the former will be on MT, the latter on Unb.
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Post by angrykittens on Mar 28, 2018 8:05:59 GMT
I'm toying with the idea of playing poker more seriously after modest success online. Maybe this will be my bankroll into small tournaments at my local casino... Gambling generally scares the life out of me but Poker *Is Not* gambling (debated by many I know). Least then I'll have no one else to blame but me when I lose it all Who am I kidding, I'll plow it all back into other P2P sites no doubt.
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m2btj
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Post by m2btj on Mar 28, 2018 8:19:25 GMT
A sports car and a rolex. Some cars from yesteryear e.g 70's.. Escort, Mini, Cortina, Capri, MGB, et al fetch serious money today & make great investments. Watches on the other hand are not so great an investment. Only a small number of watches will appreciate in value & a quick look at Watchfinder will show lots of Rolex selling for well below the purchase price.
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Post by dualinvestor on Mar 28, 2018 8:42:51 GMT
I'm toying with the idea of playing poker more seriously after modest success online. Maybe this will be my bankroll into small tournaments at my local casino... Gambling generally scares the life out of me but Poker *Is Not* gambling (debated by many I know). Least then I'll have no one else to blame but me when I lose it all Who am I kidding, I'll plow it all back into other P2P sites no doubt. I seem to remember by definition in law poker is not gambling. The reasoning Was convoluted but it revolved around it being a zero sum game I.e one persons losses equal other persons gain. I believe (although my memory is cloudy) it concerned a action for a debt which would not have been successful otherwise as gambling debts are not enfotceable under the Gaming Act.
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guff
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Post by guff on Mar 28, 2018 9:14:27 GMT
…Who am I kidding, I'll plow it all back into other P2P sites no doubt. The big question is: Which P2P sites will still be around?
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Post by angrykittens on Mar 28, 2018 10:17:20 GMT
I'm toying with the idea of playing poker more seriously after modest success online. Maybe this will be my bankroll into small tournaments at my local casino... Gambling generally scares the life out of me but Poker *Is Not* gambling (debated by many I know). Least then I'll have no one else to blame but me when I lose it all Who am I kidding, I'll plow it all back into other P2P sites no doubt. I seem to remember by definition in law poker is not gambling. The reasoning Was convoluted but it revolved around it being a zero sum game I.e one persons losses equal other persons gain. I believe (although my memory is cloudy) it concerned a action for a debt which would not have been successful otherwise as gambling debts are not enfotceable under the Gaming Act. In law Poker is sadly classified as a game of chance, as it is in the US. There have been a number of US court cases to the contrary but these have always been overturned on appeal. The supreme court has declined to hear an appeal of a district court of appeals decision. More specific to the UK: www.gamblingcommission.gov.uk/for-licensing-authorities/GLA/Part-29-Poker.aspx29.1 Poker is a card game which involves elements of both chance and skill and is therefore classified as a game of chance under the Act by virtue of s.6(2). There are many variations on the game of poker, but this part deals primarily with equal chance poker where players compete against each other on equal terms. Anyhow, bit off topic. I plan to increase my holdings in my current P2P companies - FS, MT, ABL, UNB. And AC once my designation at work changes and I no longer have to declare and seek pre-approval for all investments (but that is another story in itself!)
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mikeh
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Post by mikeh on Mar 28, 2018 10:28:24 GMT
This may sound like sacrilege but I'm currently increasing my investment at Funding Circle. Good steady returns and more liquid than most of the alternatives. I think I'll pass on the IPO though.
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