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Post by carol167 on Feb 1, 2020 7:48:52 GMT
A poultry £4.28 on 7.5k in Classic.
I am speechless.
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benaj
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Post by benaj on Feb 1, 2020 10:58:19 GMT
My partner's growth, £3.82 interest earned in January for £2.2k Investment, the hope would be the monthly interest would be back to normal before H2.
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ashtondav
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Post by ashtondav on Feb 1, 2020 11:36:40 GMT
My partner's growth, £3.82 interest earned in January for £2.2k Investment, the hope would be the monthly interest would be back to normal before H2. Once a p2p platform goes pear shaped it rarely reverts to plan. I’m hoping but am prone to seeing pigs flying across the sky.
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Nomad
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Post by Nomad on Feb 1, 2020 11:54:03 GMT
My partner's growth, £3.82 interest earned in January for £2.2k Investment, the hope would be the monthly interest would be back to normal before H2. Once a p2p platform goes pear shaped it rarely reverts to plan. I’m hoping but am prone to seeing pigs flying across the sky. After some dithering I decided to get out, swallow the penalties, and move on...
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Post by nooneere on Feb 1, 2020 12:04:17 GMT
A poultry £4.28 on 7.5k in Classic.
I am speechless.
Chickens coming home to roost. Just don't put all your eggs in one basket.
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macq
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Post by macq on Feb 1, 2020 12:17:12 GMT
My partner's growth, £3.82 interest earned in January for £2.2k Investment, the hope would be the monthly interest would be back to normal before H2. Once a p2p platform goes pear shaped it rarely reverts to plan. I’m hoping but am prone to seeing pigs flying across the sky. Too early in the year for flying pigs apparently - but rumours there maybe a chance of sightings in H2 yet to be confirmed 
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ashtondav
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Post by ashtondav on Feb 1, 2020 12:28:37 GMT
Finding it difficult to reconcile our views and experiences on this thread with the january update
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macq
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Post by macq on Feb 1, 2020 13:57:42 GMT
Finding it difficult to reconcile our views and experiences on this thread with the january update
well the bit in the shield section that says "the changes mean the interest rates paid to investors are now variable,if required" is certainly true! And the bit that says "the shield cash balance should no longer be a key risk metric" makes me wonder if it was written with a straight face Also wonder what will said in the our investors section next time as it won't be the same as this month
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macq
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Post by macq on Feb 1, 2020 20:47:32 GMT
interesting that the page about how the shield works from the home page still mentions as benefit number 4 "your returns should remain consistent throughout the loan cycle " - nope?
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Post by carol167 on Feb 2, 2020 9:36:39 GMT
Update :
ISA statements now available shows I received 2.33% on my ISA account.
So coupled with the abysmal 0.69% on the Classic account statement yesterday, that means a grand total of 1.8% for January given the capital involved.
Not the 5.4% I thought we would get going forward. This was not clearly explained to us properly.
They should have said...
......after Christmas you'll be lucky to get 2% a month - oh and by the way if you cash out then - it'll cost you a huge fine even though your loans were at a higher value than the current value on offer.
But we can all guess why they didn't.
I FEEL TOTALLY MISLED!
I don't understand why there is such a % disparity between my two accounts.
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Post by Undecided on Feb 2, 2020 11:28:35 GMT
My ISA January return is 0.2%!
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Ukmikk
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Post by Ukmikk on Feb 2, 2020 11:35:59 GMT
A poultry £4.28 on 7.5k in Classic.
I am speechless.
Chickens coming home to roost. Just don't put all your eggs in one basket. Eggxactly. Fowl play?
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IFISAcava
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Post by IFISAcava on Feb 2, 2020 12:27:06 GMT
My ISA January return is 0.2%! mine is 0.17% for Jan, so about 2.05% annualised my calculated annual XIRR for the last 2 weeks is 0.39% mind you, so Jan may be artificially raised by late payments received earlier in the month
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ashtondav
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Post by ashtondav on Feb 2, 2020 19:03:16 GMT
A poultry £4.28 on 7.5k in Classic.
I am speechless.
Woohoo! I beat you carol. £47 on £18,000. Annualized 3% in Classic Growth. That last word not to be taken literally. My informative weekly email still brags 5.4%. To paraphrase an old song, "When will I see that again?"
Can't complain. Much. But it does beat my 2.5% on FC this year.
P2P - you couldn't make up the incompetence.
Skullduggery and worse at RS, ZOPA, FC, FS, LW, - and they're just the ones i'm in! My only platform that has delivered (and only because i avoided GBBA and associated products) is AC QAA and 30 day.
My one consolation is that overall i'm still doing better than my building society accounts. But, oh boy there's a risk. And they had the gall to call it a "shield".
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Post by propman on Feb 3, 2020 10:57:45 GMT
Not sure whether the update includes January! In any event, the single January month's returns will have a minimal impact on total returns to date for any but recent loans.
To be fair, the Shield has continued to ensure that no loan part has lost any money unless sold.
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