mrdc
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Post by mrdc on May 25, 2020 17:16:18 GMT
For those lucky enough to have had some money released from p2p, i see paddypower are offering 5/6 on Dominic Cummings not being in his position by 1st June.
I'm thinking of going all in.
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Post by df on May 25, 2020 18:24:57 GMT
I didn't like the change to mobile app, I generally don't use my phone for banking and it was not simple to set this one up (I had to phone them for help), but now settled with it. It's very easy with this app - click on the app, put my thumb on the button and select "move money" (just have to make sure I don't misplace my phone when I need to withdraw  . I do not understand how it can be more secure. If someone finds/steals your phone they only have to guess a 6 digit number - or they could have been looking over your shoulder whilst you keyed it in. I don't know how it is more secure , but my phone reads my thumb (fingerprint) so I don't use 6 digit number.
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Post by df on May 25, 2020 18:50:02 GMT
Just read suggestions that negative interest rates may be on the cards soon. There are rumours that this could happen but I'm not sure that banks would curry much favour if they start charging me to store money. To be honest I'd just move the money to a our current accounts that don't have interest set on them. I spose worst case scenario would be having to buy a wheelbarrow to carry cash home from bank and store under the mattress!.  Whatever next. If it comes to negative rates, I think there will still be providers/products that are paying some interest or at least not charging customers for storing money because of competition.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on May 25, 2020 19:50:50 GMT
Just read suggestions that negative interest rates may be on the cards soon. There are rumours that this could happen but I'm not sure that banks would curry much favour if they start charging me to store money. To be honest I'd just move the money to a our current accounts that don't have interest set on them. I spose worst case scenario would be having to buy a wheelbarrow to carry cash home from bank and store under the mattress!. Whatever next. If it comes to negative rates, I think there will still be providers/products that are paying some interest or at least not charging customers for storing money because of competition. Just wondering if there is a chance the fscs guarantee may be used soon, and how robust it really is?
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Post by df on May 25, 2020 21:26:00 GMT
If it comes to negative rates, I think there will still be providers/products that are paying some interest or at least not charging customers for storing money because of competition. Just wondering if there is a chance the fscs guarantee may be used soon, and how robust it really is? I hope it won't come to this, but it's a worry.
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Post by oppsididitagain on May 26, 2020 9:39:11 GMT
This article was written 6 weeks ago, Its talking about postal applications - Switch to Online, I did a few years back for my PB's and Inflation linked bonds, you can access your cash with in about 7 working days. The delays are nothing to do with funding, more about the old fashioned way of snail mail and someone processing that piece of paper.
On a side note : German Govt agreed some sort of Lufthansa bail out today - along with Spain and Greece opening up their borders a bit more I expect Airlines stocks to rocket tomorrow, should be able to get a good return in a short period of time.( As long as you get more than 1.5% you have beaten the fixed rate return. ) Yes I know its risky. EDIT : To add, I think we will have a 2nd wave and I also think as soon as furlough is stopped, thats when the !@£$ will really start. I dont think most businesses will be able to stand on their own two feet for quite a while and I expect the stock markets to retrace maybe 20/50% in the next 6 months.. As I have mentioned before, US elections in Nov, BREXIT shenanigans in - well thats kinda been forgotten - but I presume Jan 1 2021 ? Plenty of opportunities. thats why I'm not using the traditional investment method, of buy something stick it away and wake up and its worth X more next year.. Im sitting on cash and looking for opportunities. yeah, apologies for the bum steer that said things probably have not got any better under the circumstances but if they have then I guess the issues have been solved. I may be influenced by waiting more than legally necessary for cancelled flight refunds from EJ - thats my excuse. Easy jet shares and IAG both up 20% today :-) Off to go and enjoy the sunshine as tomorrow is another day.. I hope you managed to get some of that..
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Post by oppsididitagain on May 26, 2020 9:58:04 GMT
Just wondering if there is a chance the fscs guarantee may be used soon, and how robust it really is? I hope it won't come to this, but it's a worry. I dont think so in the near term, back in 2008 the run's so to speak of on the banks were the banks own doings. They were at risk of going under due to what they did. Rates had been at low levels and were going up and up, too many people couldn't refinance. This time around it was an overnight. STOP EVERYTHING. We have had Govt support directly to the people, via furlough and CIBLS etc for companies. BOE/Govts have made companies cut divi's before they ask for any help. The fall out so to speak off has been restricted to investments not covered by FSCS - P2P, stock markets, mini bonds etc.. MAYBE in 6months to a years time, we may see a wobble if companies cant pay back the loans, however some of the loans are Govt backed, So that will cushion most of it. I think there is a chance the commercial sector will suffer. Shops, retail spaces, etc. This could filter through, with job losses and slower growth. Maybe house prices will drop, repossessions will go up. etc etc.. I think there will be a recession very soon.(as soon as the govt stop the flow of cash) Also I think the CVD-19 will change the way we as people live. Maybe better life balance, working from home, less interaction on the high street. I think the people will suffer more financially through higher taxes.
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zlb
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Post by zlb on May 26, 2020 11:26:36 GMT
thanks.... clear info. eg Investec gives a bonus for not giving notice to withdraw within the first x weeks, which implies they like to have the money in the longer term.
I'd come across comments of others ages ago here, that implied that they could cancel as part of their strategy, but maybe that's few and far between.
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zlb
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Post by zlb on May 26, 2020 11:36:59 GMT
I didn't like the change to mobile app, I generally don't use my phone for banking and it was not simple to set this one up (I had to phone them for help), but now settled with it. It's very easy with this app - click on the app, put my thumb on the button and select "move money" (just have to make sure I don't misplace my phone when I need to withdraw . I do not understand how it can be more secure. If someone finds/steals your phone they only have to guess a 6 digit number - or they could have been looking over your shoulder whilst you keyed it in. Their login process was such a success (not) that they have had to introduce a different app for older phones (fancy thinking that everyone upgraded all of the time (no cost to the environment there then)). This second "authenticator" app has failed for me. It doesn't offer any more security than a simple text with a code anyway. Their first app might have been last straw for my android 10 phone, twice. df I don't like Android/IoS banking either, but it's generally thought that this is more secure than a desktop. What too much security hoops does for me is I end up having to write all of the codes and words down in full, instead of in my personal coding system (so that nothing is written down anywhere in full). In this respect, their process is less secure.
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macq
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Post by macq on May 26, 2020 12:19:36 GMT
yeah, apologies for the bum steer that said things probably have not got any better under the circumstances but if they have then I guess the issues have been solved. I may be influenced by waiting more than legally necessary for cancelled flight refunds from EJ - thats my excuse. Easy jet shares and IAG both up 20% today :-) Off to go and enjoy the sunshine as tomorrow is another day.. I hope you managed to get some of that.. You should be able to buy an ice cream for all the people down 70%+ on them over the last few months then 
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aju
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Post by aju on May 26, 2020 15:42:10 GMT
Easy jet shares and IAG both up 20% today :-) Off to go and enjoy the sunshine as tomorrow is another day.. I hope you managed to get some of that.. You should be able to buy an ice cream for all the people down 70%+ on them over the last few months then Nah, selling on the down stroke is not the best approach I'd be surprised if either of those 2 companies fold, if they do though I guess Mr o'leary is bound to be hovering. Never say never though. Hopefully EJ and BA won't fold until I've recouped the cancellation refunds they still owe. Well EJ at present we have september booking with BA that obviously is not cancelled yet but I'm guessing will be. So if they could just hold on till I get me money back i'd be extremely grateful
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Post by oppsididitagain on May 26, 2020 18:00:00 GMT
You should be able to buy an ice cream for all the people down 70%+ on them over the last few months then I'd be surprised if either of those 2 companies fold, if they do though I guess Mr o'leary is bound to be hovering. Never say never though. Hopefully EJ and BA won't fold until I've recouped the cancellation refunds they still owe. Well EJ at present we have september booking with BA that obviously is not cancelled yet but I'm guessing will be. So if they could just hold on till I get me money back i'd be extremely grateful I dont understand this comment . Im not sure how it relates to making double digit returns in a day. I wouldn't worry about your refunds, if you paid with a card you are covered. Chargeback or section 75 (google them) As for Ice creams.. They are in the post :-) However plenty more opportunity out there if you look.. I will say one of the top 5 rules of investing is know you exit strategy, something people never seem to have when investing or stick too when it goes wrong.
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aju
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Post by aju on May 27, 2020 0:00:16 GMT
Nah, selling on the down stroke is not the best approach I'd be surprised if either of those 2 companies fold, if they do though I guess Mr o'leary is bound to be hovering. Never say never though. Hopefully EJ and BA won't fold until I've recouped the cancellation refunds they still owe. Well EJ at present we have september booking with BA that obviously is not cancelled yet but I'm guessing will be. So if they could just hold on till I get me money back i'd be extremely grateful I dont understand this comment . Im not sure how it relates to making double digit returns in a day. I wouldn't worry about your refunds, if you paid with a card you are covered. Chargeback or section 75 (google them) As for Ice creams.. They are in the post :-) However plenty more opportunity out there if you look.. I will say one of the top 5 rules of investing is know you exit strategy, something people never seem to have when investing or stick too when it goes wrong. Hmm! I see your point I was actually referring to selling when shares are down I guess Mrs Aju distracted me with something - thats my story ..... I remember the daily briefing was coming on TV  I meant relative to shares 70% down - selling never really that great on a down swing, buying is a better option then - sometimes!. apologies for wrong connections.
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Mike
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Post by Mike on May 27, 2020 19:47:56 GMT
I do not understand how it can be more secure. If someone finds/steals your phone they only have to guess a 6 digit number - or they could have been looking over your shoulder whilst you keyed it in. I don't know how it is more secure , but my phone reads my thumb (fingerprint) so I don't use 6 digit number. Am I the only one who worries about getting bonked on the head while waiting for a bus and waking up with a massive headache and to find out my fingers been used to unlock my phone and empty my accounts? Or worse... Wake up with no phone and no finger! In seriousness, your fingerprint isn't even a bit of a secret so we should all probably think a bit more carefully about using it as such, even without the risk of being mugged for it
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macq
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Post by macq on May 27, 2020 22:38:04 GMT
I don't know how it is more secure , but my phone reads my thumb (fingerprint) so I don't use 6 digit number. Am I the only one who worries about getting bonked on the head while waiting for a bus and waking up with a massive headache and to find out my fingers been used to unlock my phone and empty my accounts? Or worse... Wake up with no phone and no finger! In seriousness, your fingerprint isn't even a bit of a secret so we should all probably think a bit more carefully about using it as such, even without the risk of being mugged for it Trick them - Use a toe
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