mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 99
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Post by mcfc on Oct 27, 2022 9:48:04 GMT
Loanpad is committed
to raising interest rates to 4.8 by December. With interest then re invested and so compounded, the return will be closer to 5% before Xmas.
Considerably better than Aldemoes 4.35 where my money would be tied
up for a full year with no prospect of further rate raises as the markets change. No thanks, I’ll be sticking with LP.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Oct 27, 2022 10:16:35 GMT
Loanpad is committed to raising interest rates to 4.8 by December. With interest then re invested and so compounded, the return will be closer to 5% before Xmas. Considerably better than Aldemoes 4.35 where my money would be tied up for a full year with no prospect of further rate raises as the markets change. No thanks, I’ll be sticking with LP. But you seem to be ignoring the risk premium. Aldermore is 100% safe and guaranteed; no matter how well run Loanpad may be, it isn't. So, is the risk premium of just over 0.5% worth it?
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Greenwood2
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Post by Greenwood2 on Oct 27, 2022 10:26:06 GMT
Loanpad is committed to raising interest rates to 4.8 by December. With interest then re invested and so compounded, the return will be closer to 5% before Xmas. Considerably better than Aldemoes 4.35 where my money would be tied up for a full year with no prospect of further rate raises as the markets change. No thanks, I’ll be sticking with LP. But you seem to be ignoring the risk premium. Aldermore is 100% safe and guaranteed; no matter how well run Loanpad may be, it isn't. So, is the risk premium of just over 0.5% worth it? If you are in the Loanpad IFISA the returns are quite a bit better.
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jonno
Member of DD Central
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Post by jonno on Oct 27, 2022 10:36:37 GMT
But you seem to be ignoring the risk premium. Aldermore is 100% safe and guaranteed; no matter how well run Loanpad may be, it isn't. So, is the risk premium of just over 0.5% worth it? If you are in the Loanpad IFISA the returns are quite a bit better. Quite, and I am. But that is not relevant to the point being made above.
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Greenwood2
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Post by Greenwood2 on Oct 27, 2022 10:49:40 GMT
If you are in the Loanpad IFISA the returns are quite a bit better. Quite, and I am. But that is not relevant to the point being made above. So am I. I think it is relevant to point out that the two Loanpad accounts fair differently in comparison to their equivalent non-P2P accounts. P2P seems to be still winning in the area of ISAs.
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jonno
Member of DD Central
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Post by jonno on Oct 27, 2022 11:34:18 GMT
Quite, and I am. But that is not relevant to the point being made above. So am I. I think it is relevant to point out that the two Loanpad accounts fair differently in comparison to their equivalent non-P2P accounts. P2P seems to be still winning in the area of ISAs. But the poster was using the one year Aldermore account as his alternative which is not an ISA account. So I fail to see how including the Tax advantages of Loanpad's ISA accounts (or indeed any other) is relevant.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 99
Likes: 67
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Post by mcfc on Oct 27, 2022 17:02:14 GMT
Loanpad is committed to raising interest rates to 4.8 by December. With interest then re invested and so compounded, the return will be closer to 5% before Xmas. Considerably better than Aldemoes 4.35 where my money would be tied up for a full year with no prospect of further rate raises as the markets change. No thanks, I’ll be sticking with LP. But you seem to be ignoring the risk premium. Aldermore is 100% safe and guaranteed; no matter how well run Loanpad may be, it isn't. So, is the risk premium of just over 0.5% worth it? No I certainly don’t ignore the risk, and your point regarding that is a pertinent one, I was simply making the point that the original point you made about a 0.05% interest difference was not quite accurate.
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jonno
Member of DD Central
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Post by jonno on Oct 27, 2022 17:19:24 GMT
But you seem to be ignoring the risk premium. Aldermore is 100% safe and guaranteed; no matter how well run Loanpad may be, it isn't. So, is the risk premium of just over 0.5% worth it? No I certainly don’t ignore the risk, and your point regarding that is a pertinent one, I was simply making the point that the original point you made about a 0.05% interest difference was not quite accurate. With respect, can you elucidate regarding my "original point about a 0.05% interest difference". I do not recall making any such point.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 99
Likes: 67
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Post by mcfc on Oct 27, 2022 18:02:58 GMT
No I certainly don’t ignore the risk, and your point regarding that is a pertinent one, I was simply making the point that the original point you made about a 0.05% interest difference was not quite accurate. With respect, can you elucidate regarding my "original point about a 0.05% interest difference". I do not recall making any such point. Apologies,.. Whilst I have no clue what elucidate means, I note that it was another poster than made the observation I referenced, and not your good self.. Regards to you sir.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Oct 28, 2022 8:19:33 GMT
With respect, can you elucidate regarding my "original point about a 0.05% interest difference". I do not recall making any such point. Apologies,.. Whilst I have no clue what elucidate means, I note that it was another poster than made the observation I referenced, and not your good self.. Regards to you sir. Thank you, and regards to you also.
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Post by nooneere on Dec 15, 2022 19:37:08 GMT
Today's disappointing news that Assetz Capital is closing to retail investors started me wondering, how many other platforms will in future decide retail investors are too much trouble.
Loanpad is worth highlighting here, because its business model is only suited to retail investors. There would be absolutely no need for other institutions to buy their negotiated senior tranches of lender partner loans. So I don't think Loanpad would ever (voluntarily) say goodbye to us.
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jonno
Member of DD Central
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Post by jonno on Dec 19, 2022 13:56:06 GMT
It's been quite a while since I made a deposit on Loanpad. Can someone remind how long it generally takes for a deposit to appear? Cheers in anticipation.
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Loanpad
Dec 19, 2022 14:11:21 GMT
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Post by Harland Kearney on Dec 19, 2022 14:11:21 GMT
It's been quite a while since I made a deposit on Loanpad. Can someone remind how long it generally takes for a deposit to appear? Cheers in anticipation. I find it appears next working day.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Dec 19, 2022 14:24:48 GMT
It's been quite a while since I made a deposit on Loanpad. Can someone remind how long it generally takes for a deposit to appear? Cheers in anticipation. I find it appears next working day. Thanks for that; it's actually now arrived. Now, can you remind me how to move it from my Standard account to my ISA? Sorry, having a senior moment 
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Post by Harland Kearney on Dec 19, 2022 14:32:21 GMT
I find it appears next working day. Thanks for that; it's actually now arrived. Now, can you remind me how to move it from my Standard account to my ISA? Sorry, having a senior moment I don't use a ISA on Loanpad, but on the transfers page there seems to be **click here** hyper link for ISA transfers. 
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