iRobot
Member of DD Central
Posts: 1,680
Likes: 2,477
|
Post by iRobot on Jan 30, 2021 13:48:16 GMT
Distribution was only to those with a withdrawal so you could also conclude that only 50% of the AA (£100m) is subject to an active withdrawal request. Too many known unkowns to speculate.Absolutely. But regardless ...  I'll speculate that the withdrawal queue will shorten quite significantly given a decent chunk has been repaid which (for some) will provide them with the cash they were needing and/or restore some trust.
|
|
scooter
Member of DD Central
Posts: 403
Likes: 379
|
Post by scooter on Jan 30, 2021 15:17:46 GMT
I have all my money out of the QAA today (30k) I wasn't expecting that. I added a 0.6% discount this week as someone on here suggested we wouldn't sell at par.
I was only ever withdrawing initially to move 20k to the ISA, should I still do it?
|
|
|
|
Post by elephantrosie on Jan 31, 2021 23:37:06 GMT
how do i exit qaa account and offer discount to buyer at the same time?
|
|
|
|
Post by Ace on Feb 1, 2021 0:08:26 GMT
Hit the withdraw button on the QAA account.
Enter the amount you wish to withdraw.
Hit Discounting Options and enter the discount you wish to offer.
Hit the Create Withdrawal Instruction button.
|
|
ian
Posts: 342
Likes: 226
|
Post by ian on Feb 1, 2021 9:32:24 GMT
I have all my money out of the QAA today (30k) I wasn't expecting that. I added a 0.6% discount this week as someone on here suggested we wouldn't sell at par. I was only ever withdrawing initially to move 20k to the ISA, should I still do it? Should have sold even at 0.3% cleared and got money out at 0.2%
|
|
ian
Posts: 342
Likes: 226
|
Post by ian on Feb 1, 2021 10:42:29 GMT
Should have sold even at 0.3% cleared and got money out at 0.2% “Should” have sold months ago at 10% and put it in Bitcoin. Or other hindsight investments, take your pick. The fella (scooter )put a sell order at 0.6% - it should have sold already it’s not hindsight it an answer to his question !
|
|
ian
Posts: 342
Likes: 226
|
Post by ian on Feb 1, 2021 12:11:08 GMT
The fella (scooter )put a sell order at 0.6% - it should have sold already it’s not hindsight it an answer to his question ! ?? 1) Scooter got his money back prior to writing the post and knew it at the time. 2) His question was whether he should proceed with his original plan of recycling £20k of withdrawal into an ISA. 3) OK, your post might not be hindsight but it’s not an answer to the question, nor does it reflect an understanding of what the OP posted. 4) apologies, my bad for trying to apply the most obvious read to your nonsensical post I have all my money out of the QAA today (30k) I wasn't expecting that. I added a 0.6% discount this week as someone on here suggested we wouldn't sell at par. I was only ever withdrawing initially to move 20k to the ISA, should I still do it? Fair Dos - as regards investment scooter long term I’d get your £20k ISA INTO THE MARKETS. Easiest with Hargreaves lansdown - possibly pick upper quartile performing funds in various sectors over a period of 1/2/5 years, whilst past performance is never a guarantee of future performance over time the markets have always outperformed over investment sectors.
|
|
scooter
Member of DD Central
Posts: 403
Likes: 379
|
Post by scooter on Feb 1, 2021 12:39:54 GMT
Should have sold even at 0.3% cleared and got money out at 0.2% “Should” have sold months ago at 10% and put it in Bitcoin. Or other hindsight investments, take your pick. Is there a dummies guide to bitcoin? I'm not entirely stupid, but I don't understand the first thing about it. Anyway I don't want to become one of those poor people on Rip off Britain who succomes to a scam and looses money quicker that FC. I'm happy with AC and put £5k in the isa for now.
|
|
|
|
Post by Harland Kearney on Feb 1, 2021 14:16:58 GMT
People openly comparing bitcoin and P2P as swapsies in ones portfilio in risk mangement?
Maybe its time to exit both.
|
|
ceejay
Posts: 975 
Likes: 1,149
|
Post by ceejay on Feb 1, 2021 16:14:26 GMT
People openly comparing bitcoin and P2P as swapsies in ones portfilio in risk mangement? Maybe its time to exit both. I hear silver is all the rage today... www.bbc.co.uk/news/business-55882758
|
|
alender
Member of DD Central
Posts: 983
Likes: 684
|
Post by alender on Feb 1, 2021 16:27:58 GMT
“Should” have sold months ago at 10% and put it in Bitcoin. Or other hindsight investments, take your pick. Is there a dummies guide to bitcoin? I'm not entirely stupid, but I don't understand the first thing about it. Anyway I don't want to become one of those poor people on Rip off Britain who succomes to a scam and looses money quicker that FC. I'm happy with AC and put £5k in the isa for now. Firstly I must say I am no Bitcoin expert and I am very dubious of this made up currency. However I get quite a bit of information about it from a trading club I attend. The view from most if not all of us is that western currencies are finished, perhaps not in the next few years but sooner or later they will collapse. This is due to low/negative interest rates when inflation is included, massive borrowing especially when off balance sheet borrowing is included, the cost of regulations, PC rules, green agenda etc for companies to operate in western economies and the propensity for governments to just keep printing more money whenever it suites them (each time reducing its value). if you had not heard an investment with no intrinsic value that the creator can and does just produce more whenever they are in trouble with no more that a change in computer databases would you buy this. History is full of countries pushing similar policies which ended in tears. However with Bitcoin there is a finite number, more or less with the exception of Bitcoin mining which adds very little, therefore it is potentially more stable than most currencies. One of the main reason to believe Bitcoin is a good investment is the number of recent large purchases by very large investors know as Whales, they are making purchases of 2000 or more Bitcoins at a time. The view is if these people are almost certainly the most financially astute otherwise they would not have amassed these fortunes. However the people I know making money on Bitcoin spend a lot of time doing research, technical analysis, risk analysis, building and testing strategies based on the technical analysis.
I however do not have the time for this so I stay away from Bitcoin, my long term strategy is to buy into multinational companies with stuff in the ground i.e. miners, oil companies etc, these commodities are priced in USD and as/when the USD confidence along with other CCYs reduces the value of the commodities will rise. These companies need to have their resources out of the reach of any one government as there will be great temptation for western governments to try to repay some of the covid financial borrowing hitting whoever they can with increased taxation.
So far I have wiped out most of my covid losses by following this course but of course past performance is no guarantee of future performance.
First I must say this is my view and a lot of others I know but YOU MUST DYOR and secondly this is not a political statement just a view of the financial side of business in western economies.
|
|
|
|
Post by gobuchul on Feb 1, 2021 17:06:01 GMT
Is there a dummies guide to bitcoin? I'm not entirely stupid, but I don't understand the first thing about it. Anyway I don't want to become one of those poor people on Rip off Britain who succomes to a scam and looses money quicker that FC. I'm happy with AC and put £5k in the isa for now. ... However with Bitcoin there is a finite number ... For me this statement is where it all goes wrong with Bitcoin. Yes there is a finite number of Bitcoins, but Bitcoin is a cryptocurrency like any other and there are an infinite number of cryptocurrencies. My view is that Bitcoin is not therefore finite in the way that say gold or silver is, because no one can create a new unique element that is more or less indistinguishable from the original gold and call it 'new gold'. Gold really is limited; there is only one gold and no copies can be made. In a few years Bitcoin will be just one cryptocurrency in a sea of copies and it will gradually revert to its true value. Nil.
|
|
|
|
Post by oppsididitagain on Feb 1, 2021 17:32:51 GMT
“Should” have sold months ago at 10% and put it in Bitcoin. Or other hindsight investments, take your pick. The fella (scooter )put a sell order at 0.6% - it should have sold already it’s not hindsight it an answer to his question ! Depending on your appetite for risk and exposure to create a balanced portfolio of Stock markets + cash etc.. For me, I would be thinking - if I released money at 0.6% can I make that money work harder for me than the return I'm currently getting at AC including the 0.6% exit fee you paid. lets say you Reinvest at 0.3% you can choose from either AA 3.75% or 30AA 4%. minus the 0.3% its cost you (0.6% - 0.3%) so in 1 year your return would approx be between 3.5% - 3.7%. Can you get better elsewhere ? Will you have to pay another exit fee to access your Money? How safe is it with AC? But defo put it in an ISA for tax purposes. If you are tax payer the 0.3% you lost with AC, could (might not depending on your tax status)be made back in tax savings alone.
|
|
alender
Member of DD Central
Posts: 983
Likes: 684
|
Post by alender on Feb 1, 2021 17:36:25 GMT
... However with Bitcoin there is a finite number ... For me this statement is where it all goes wrong with Bitcoin. Yes there is a finite number of Bitcoins, but Bitcoin is a cryptocurrency like any other and there are an infinite number of cryptocurrencies. My view is that Bitcoin is not therefore finite in the way that say gold or silver is, because no one can create a new unique element that is more or less indistinguishable from the original gold and call it 'new gold'. Gold really is limited; there is only one gold and no copies can be made. In a few years Bitcoin will be just one cryptocurrency in a sea of copies and it will gradually revert to its true value. Nil. This a view and as you say it is part of the danger of Bitcoin, there are already other crypto currencies but none with the power of Bitcoin, it is why the people I know who own bitcoin have a definite exit strategy with stop loses. There are rummers that the Chinese and Russians may create a crypto currencies backed up by gold as they have been buying lots of Gold.
The problem with investing in gold is that you have to store it somewhere which cost money just to own it and it's price is mostly based on it's investment value therefore sentiment, where as metal like copper it's price is based mostly on it's use to industry. Also most gold is virtual gold, ETFs etc so if you buy it this way you will not get storage costs but you will need to be sure the company that sold you the virtual gold has the money to pay you off if the price keeps rising.
Also I have seen many charts on the price of gold and it does not just blindly follow the inverse of the success of the world economy contrary to popular belief so again if you think you can make money out of gold DYOR but whatever you choose be it P2P, Equities gold etc good luck.
|
|
|
|
Post by bracknellboy on Feb 1, 2021 18:09:51 GMT
... However with Bitcoin there is a finite number ... For me this statement is where it all goes wrong with Bitcoin. Yes there is a finite number of Bitcoins, but Bitcoin is a cryptocurrency like any other and there are an infinite number of cryptocurrencies. My view is that Bitcoin is not therefore finite in the way that say gold or silver is, because no one can create a new unique element that is more or less indistinguishable from the original gold and call it 'new gold'. Gold really is limited; there is only one gold and no copies can be made. In a few years Bitcoin will be just one cryptocurrency in a sea of copies and it will gradually revert to its true value. Nil. But you can instead create "a nugget of the purest green".
|
|
