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Post by jono75 on Feb 19, 2020 16:35:09 GMT
FYI, cashed out all i can 1.7k on Friday and money back in wallet today. I've requested to withdraw. £200 stuck in mostly one eight month late loan  Happy to have got most out before anything really bad happens. More saving woes today as my Marcus account is going down by 0.05% so will be 1.40 come March, or 1.3 for new people. Spend your money people and have a good time, just like the rest of the come day go day people, then when you go gaga and you won't have anything for the government to steal from you so you can be abused in a care home. Saving is a mugs game now. I hoped P2P might help but look at what's going down without even being in a recession. Sad times. |
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Post by helpis on Feb 19, 2020 18:56:21 GMT
This is pretty much where I'm at, except I'd say that all peer to peer and 'innovative' finance investing is a complete waste of time.
Pretty much every platform has been a disaster and I wish I'd never heard of any of them in the first place, but you have to learn your lessons somehow huh.
Stocks and shares at least are in companies which make things. Or some of them are. Or something. I don't know but I do know that I give up on p2p for life. I'm never coming back to any of it.
Low cost passive index funds in a broad spectrum of countires and or asset categories are the way to go. Mix them with a smattering of bonds. Invest for the long haul.
Personally I wouldn't touch individual companies or fund managers if you paid me (and I've tried both before I wised up to index funds).
Totally agree. It's been a pretty long road for me to come to this realisation but I guess there's still time to save..
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Post by helpis on Feb 19, 2020 18:56:57 GMT
FYI, cashed out all i can 1.7k on Friday and money back in wallet today. I've requested to withdraw. £200 stuck in mostly one eight month late loan Happy to have got most out before anything really bad happens. More saving woes today as my Marcus account is going down by 0.05% so will be 1.40 come March, or 1.3 for new people. Spend your money people and have a good time, just like the rest of the come day go day people, then when you go gaga and you won't have anything for the government to steal from you so you can be abused in a care home. Saving is a mugs game now. I hoped P2P might help but look at what's going down without even being in a recession. Sad times. I was also thinking to myself.. what would this be like in a recession! I'm guessing mayhem.
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Post by Undecided on Feb 20, 2020 22:18:57 GMT
I cant believe they got so much out of Carol that they slashed rates the next day for everyone else. And from me  Ditto
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benaj
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Post by benaj on Feb 24, 2020 18:28:16 GMT
Latest selling times: normal - under 5 business days. My partner just received another chunk of loan sale today. Interest shortfall penalty for selling the chunk: 0.6% Previous sale: 18th Feb. p2pindependentforum.com/post/369279 |
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benaj
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Post by benaj on Feb 26, 2020 10:28:23 GMT
Latest selling times: normal - under 5 business days. My partner just received another chunk of loan sale today. Interest shortfall penalty for selling the chunk: 0.6% Previous sale: 18th Feb. p2pindependentforum.com/post/369279 Latest selling times: normal - under 5 business days. My partner just received another chunk of loan sale today. Previous sale: 24th Feb.
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criston
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Post by criston on Mar 22, 2020 17:09:59 GMT
Would appreciate it if anyone has any news on the latest selling times.
I requested my 'Growth' sale on 16/3/20.
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benaj
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Post by benaj on Mar 23, 2020 10:31:46 GMT
Would appreciate it if anyone has any news on the latest selling times. I requested my 'Growth' sale on 16/3/20. Sales only happens on working days, 400 - 2300. My partner's request is still pending since 16th March, well that's not much we can do since they are so many #stayathome everywhere on this planet. I never consider the situation is contagious, struggle to get money out quickly from the most liquid platform could have an impact on others as people are busy finding cash by all means..
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Post by jojo on Mar 23, 2020 11:46:41 GMT
Would appreciate it if anyone has any news on the latest selling times. I requested my 'Growth' sale on 16/3/20. Sales only happens on working days, 400 - 2300. My partner's request is still pending since 16th March, well that's not much we can do since they are so many #stayathome everywhere on this planet. I never consider the situation is contagious, struggle to get money out quickly from the most liquid platform could have an impact on others as people are busy finding cash by all means.. Like Benaj said, selling times are based on working days, so 16-23 is only just 5 days, and i share your view Benaj, I think it could take slightly more time to draw with the virus situation, Also, from my personal experience, I have noted in the past that most of my capital repayments and interests are done the first week of the month, so I am expected more volume to be done first week of April, also the ISA season that start in April should bring some volume up. Just have to be patient I guess.
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Post by jon3001 on Apr 1, 2020 6:34:15 GMT
Anyone got any recent/updated experiences with this?
01/04/2020: I've just put in a request to sell my growth loans.
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Post by Ace on Apr 1, 2020 6:55:45 GMT
Anyone got any recent/updated experiences with this? 01/04/2020: I've just put in a request to sell my growth loans. I put the remainder of my account up for sale on 19th March, mostly in Growth with a very small amount in Flexible. Nothing sold yet.
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chris1200
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Post by chris1200 on Apr 1, 2020 10:36:01 GMT
Cannot be certain as to timing, but seems very likely I made my Growth sell request on 13 March, and I got the payout on 26 March.
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benaj
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Post by benaj on Apr 1, 2020 10:38:57 GMT
I phoned them. You would expect the same answer similar to other platforms due to current uncontrollable series of events. Expect an update "soon".
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