ashtondav
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Post by ashtondav on Jun 29, 2018 10:54:11 GMT
Now given as a range 6% to 7%, rather than 7.2%
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ptr120
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Post by ptr120 on Jun 29, 2018 11:09:37 GMT
...and 5% - 5.5% for the conservative lending option. When I can get 5.25% in the Assetz 30 day QAA (with a provision fund, lent against secured assets, and in my opinion, with better loan management than Funding Clowns) I have to wonder why anyone continues to invest with Funding Circle? If I wasn't already heading for the door as fast as my defaulted loan repayments (none of which have paid a penny in more than 18 months - thanks FC property team!) would allow, I certainly would be now!
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benaj
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Post by benaj on Jun 29, 2018 11:10:28 GMT
More realistic range of expected return.
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dandy
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Post by dandy on Jun 29, 2018 11:11:30 GMT
Now given as a range 6% to 7%, rather than 7.2% I know its not the same (FCIF vs platform) but would have though they would achieve similar (if not almost identical) results ... keen to know why they are different by 100bps EDIT: I suppose the answer lies partly in the fact the FCIF is a blend of balanced/conservative
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dandy
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Post by dandy on Jun 29, 2018 11:14:27 GMT
...and 5% - 5.5% for the conservative lending option. When I can get 5.25% in the Assetz 30 day QAA (with a provision fund, lent against secured assets, and in my opinion, with better loan management than Funding Clowns) I have to wonder why anyone continues to invest with Funding Circle? If I wasn't already heading for the door as fast as my defaulted loan repayments (none of which have paid a penny in more than 18 months - thanks FC property team!) would allow, I certainly would be now! Conservative was 4.8% - so target has actually gone up
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cb25
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Post by cb25 on Jun 29, 2018 11:30:54 GMT
...and 5% - 5.5% for the conservative lending option. When I can get 5.25% in the Assetz 30 day QAA .. AC's 30DAA pays 5.1% not 5.25% (edit: originally said 5.5%)
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cb25
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Post by cb25 on Jun 29, 2018 11:31:38 GMT
Now given as a range 6% to 7%, rather than 7.2% As I've got two non-ISA FC accounts doing < 4% YTD, I'd be happy with that !
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ptr120
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Post by ptr120 on Jun 29, 2018 11:47:27 GMT
...and 5% - 5.5% for the conservative lending option. When I can get 5.25% in the Assetz 30 day QAA .. AC's 30DAA pays 5.1% not 5.5% I'm in the MSM SPECIAL 30-DAY ACCESS ACCOUNT and have just checked that I receive 5.25%
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ashtondav
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Post by ashtondav on Jun 29, 2018 11:49:09 GMT
Yes, I suppose it’s consistent that if the average is 7% some could be earning 10% and others 4%.
unlucky?
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cb25
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Post by cb25 on Jun 29, 2018 11:58:58 GMT
AC's 30DAA pays 5.1% not 5.5% I'm in the MSM SPECIAL 30-DAY ACCESS ACCOUNT and have just checked that I receive 5.25% Thanks, wasn't aware of such an account (plus I mentioned 5.5% rather than the 5.25% you'd mentioned)
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ashtondav
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Post by ashtondav on Jun 29, 2018 12:25:36 GMT
I'm in the MSM SPECIAL 30-DAY ACCESS ACCOUNT and have just checked that I receive 5.25% Thanks, wasn't aware of such an account (plus I mentioned 5.5% rather than the 5.25% you'd mentioned) So where is the MSM account? I can’t see it on the Assetz website.
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IFISAcava
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Post by IFISAcava on Jun 29, 2018 12:26:35 GMT
Thanks, wasn't aware of such an account (plus I mentioned 5.5% rather than the 5.25% you'd mentioned) So where is the MSM account? I can’t see it on the Assetz website.it was a special deal via a referral from Money Supermarket.
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dandy
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Post by dandy on Jun 29, 2018 12:38:33 GMT
Thanks, wasn't aware of such an account (plus I mentioned 5.5% rather than the 5.25% you'd mentioned) So where is the MSM account? I can’t see it on the Assetz website. You'd have had to sign up through money supermarket
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invester
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Post by invester on Jun 29, 2018 14:38:30 GMT
Don't get why it has to be given as a range - if it's an expected figure, why not state it?
The cynical part of me thinks that if this average if 6.05% then they could still say this is correct.
On first thought the conservative option now looks better value but then I remembered the shockers can be A rated as well.
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benaj
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Post by benaj on Jun 29, 2018 14:40:57 GMT
Don't get why it has to be given as a range - if it's an expected figure, why not state it? The cynical part of me thinks that if this average if 6.05% then they could still say this is correct. On first thought the conservative option now looks better value but then I remembered the shockers can be A rated as well. The previous 7.2% quote was for the luckiest 65% investors, I suppose it's never easy to make 100% people happy.
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