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Post by carol167 on Dec 3, 2019 12:01:46 GMT
Only strange thing was I did not get any email confirmation. I had to physically log into my nsi account to check. It has definitely given me some confidence to chuck a few more quid in. Nice to hear you won £500! I have really never heard anyone winning more than a hundred on PB.
Email confirmation usually comes through a few days later. I won a £500 back in July 2007. Sadly, my one and only 500. Like pom though, I usually average between 1 and 7 25's a month, but I've also had quite a few 100's over the years. I won't be cashing in my PB anytime soon.
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happy
Member of DD Central
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Post by happy on Dec 3, 2019 13:33:08 GMT
Only strange thing was I did not get any email confirmation. I had to physically log into my nsi account to check. It has definitely given me some confidence to chuck a few more quid in. Nice to hear you won £500! I have really never heard anyone winning more than a hundred on PB.
Email confirmation usually comes through a few days later. I won a £500 back in July 2007. Sadly, my one and only 500. Like pom though, I usually average between 1 and 7 25's a month, but I've also had quite a few 100's over the years. I won't be cashing in my PB anytime soon.
Certainly gives a better return than the Lotto, which of course also offers the possibility of becoming a millionaire but with the almost inevitable loss of all of ones capital 🤣🤣
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Post by propman on Dec 3, 2019 15:46:45 GMT
Most Premium Bond prizes (currently 99.94%) are £25. As a result, on average at the current prize distribution, £50,000 holder would receive a prize greater than £25 every 45 years!
The bond is only eligible for prizes after an entire month, so the forst eligible draw will be more than a month (up to nearly 2 months). On £50,000, there is a 13% chance of no prizes in a month and 26.5% likelihood of only winning 1 prize (the most common at 27.1% is 2 wins in a month). There is only a 1.8% chance of 6 or more prizes in a given month, so will only happen every 3 years on average.
A £50,000 holder has a 1 in 649 chance of winning a prize for more than £1,000 in a year of draws. If they aren't that lucky, there return will on average (mean) be 1.33%, with the median return 1.2%.
HTH
PM
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Dec 8, 2019 8:21:50 GMT
I recommended premium bonds to a friend, they put some money in (not sure how much) and almost immediately won £10,000, having been investing for years I'm not sure if I was happy or annoyed. Best I've ever had was £500 years ago.
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Post by stevexxx on Dec 10, 2019 16:00:48 GMT
"Pooling
19.17 If at any time, in the opinion of the Trustee, the Lending Works Shield does not have sufficient funds to satisfy the claims arising from the Loans outstanding (a“Deficit”), and, the Deficit is not, in the opinion of the Trustee and in its sole and absolute discretion, capable of being rectified through the ordinary course of business, the Trustee in consultation with Lending Works may declare a “Pooling Event”. "
This isn't how I understood it to be, I thought pooling was automatic and not a 'may- be'.. If the receiver ever took over would pooling happen? I have some very big loans from my initial investment I could be responsible for, I never worried about this because of the pooling... Now it appears the Pooling was just a maybe and not a legal part of the contract... I feel ive been lied to... I am withdrawing my money..
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easylender
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Post by easylender on Dec 10, 2019 17:38:19 GMT
This isn't how I understood it to be, I thought pooling was automatic and not a 'may- be'.. If the receiver ever took over would pooling happen? I have some very big loans from my initial investment I could be responsible for, I never worried about this because of the pooling... Now it appears the Pooling was just a maybe and not a legal part of the contract... I feel ive been lied to... I am withdrawing my money.. stevexxx I am wondering if you are confusing the pooling event with the provision fund, which is automatic.
[Edit] And also be aware that the new T&Cs don't have a pooling event. Instead there is discretion to direct some of the interest to the provision fund (shield). This is what is happening.
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Post by stevexxx on Dec 10, 2019 17:55:46 GMT
This isn't how I understood it to be, I thought pooling was automatic and not a 'may- be'.. If the receiver ever took over would pooling happen? I have some very big loans from my initial investment I could be responsible for, I never worried about this because of the pooling... Now it appears the Pooling was just a maybe and not a legal part of the contract... I feel ive been lied to... I am withdrawing my money.. I am wondering if you are confusing the pooling event with the provision fund, which is automatic. The provision fund is automatic, the pooling is not it seems... If the provision fund runs out then pooling is discretionary. I thought and was told this was fact, it seems not.... anyway Ive pulled one account and about to pull the second, something is bothering me about LW and has been for a little while now, it was my favorite p2p a while ago, I guess I saw the higher rates as desperation to pull in punters and now..... Edit, cant see anything about pooling on the site now, I wonder if this has been stopped, I might be missing something but opened a new thread on the subject..
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Post by stevexxx on Dec 12, 2019 0:40:20 GMT
I'm asking the Question loud and clear..WHATS HAPPENED TO TO THE RULES ON POOLING?
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Post by bluehorseshoe on Dec 12, 2019 13:45:09 GMT
I've not received any emails from LW other than for cash transfer enquiries. I only learned of this update via this forum, should I be receiving emails from them?
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r00lish67
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Post by r00lish67 on Dec 12, 2019 16:48:22 GMT
I've not received any emails from LW other than for cash transfer enquiries. I only learned of this update via this forum, should I be receiving emails from them? Yes. The important one was sent 29/11. Check spam, otherwise contact them.
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Post by stevexxx on Dec 12, 2019 18:22:15 GMT
The question on pooling has been answered in another thread now, Pooling has gone...
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jester
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Post by jester on Jan 2, 2020 21:56:19 GMT
Matthew or anyone else .... I can now see the annualised return per year of investment in the bar chart, but I have no idea what proportion of my investment is in each of these years. Is there an easy way to see what my current overall rate of return is on my complete portfolio?
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mickj
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Post by mickj on Jan 3, 2020 10:31:38 GMT
I am lost with the barchart information, last week I could see a list of loans if I opened that link with what I assumed was a current overall rate of return in the text at the top, in bold. I know what I prefer, new loans could quickly be viewed without a download of a csv file.
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keystone
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Post by keystone on Jan 3, 2020 10:54:37 GMT
Matthew , where has the overall rate of your loans gone? I thought more information was going to be now shown not less! Not a good sign.
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Post by Matthew on Jan 3, 2020 15:57:12 GMT
Hi all The intention of the bar charts within your dashboards was to provide comparable information to that shown on the new statistics page here: www.lendingworks.co.uk/about-us/statistics i.e. the annualised performance of the loans you've funded within each annual cohort (the statistics page is a weighted average across all loans so each investor's returns will vary). Appreciate this doesn't take into account the proportion of your account currently (or ever) invested in each cohort but hopefully it's still helpful. We are currently gathering feedback on returns information requirements (there are various ways we can calculate and present this e.g. on an IRR basis) and expect to provide enhanced data on this going forward. Any feedback on what you would like to see and on what basis would be appreciated and will be considered in the next update. Many thanks |
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