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Post by easterndreams on May 28, 2020 9:46:57 GMT
My portfolio has seen a nice updraft over the last few days - up about 4% on the week I think.
I guess Pepe must be feeling a bit better about company prospects as the lockdown eases off a bit.
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garfield
Member of DD Central
Posts: 490 
Likes: 268
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Post by garfield on May 28, 2020 12:51:42 GMT
Very Group has been steadily rising on WA these last days. Looking good!
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Post by easterndreams on May 28, 2020 13:42:47 GMT
I'm actually surprised it hasn't done even better... You would think online retailers should be minting money right now!
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Post by easterndreams on May 30, 2020 10:46:38 GMT
The two New Day issuances are on a tear as well, up from 72 last week to 77 and now 85.
I wish I had more than just a tiny chunk of each of these in my portfolio!
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Post by easterndreams on Jun 5, 2020 19:33:31 GMT
Another sustained uplift in portfolio value this week, driven by small price increases in most of my holdings but I notice Aviva, Royal London and M&G in particular seem to have had good weeks, all up several %.
How are you doing?
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Post by kazamx on Jun 5, 2020 21:43:26 GMT
I hit positive this week after some pretty exciting losses at one point.
Still a way to go before I get back to where I was before this all began. I have rounded down my average price on a bunch of bonds the new money is certainly help make things look healthier.
WA has not really been much of a concern so far. Now my P2P holdings are a totally different story.
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Post by easterndreams on Jun 5, 2020 23:41:25 GMT
Which other P2Ps do you invest via? Do you think now is an attractive entry point for any of them?
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Post by kazamx on Jun 7, 2020 10:11:44 GMT
Which other P2Ps do you invest via? Do you think now is an attractive entry point for any of them? Ratesetter: They have currently halved their interest rates and have a queue system to get your money out. Funding Circle: Been trying to get my money out of this since October, down to about 40% of my maximum Assetz: Interest rates cut and money in a queue system I would avoid ALL P2P at the moment until things settle. Most don't give you an option to buy in at a discount, so I would say now is a terrible time to invest. But if you can buy in at a discount it could be worth at least researching.
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Post by Ace on Jun 7, 2020 11:18:08 GMT
Which other P2Ps do you invest via? Do you think now is an attractive entry point for any of them? Ratesetter: They have currently halved their interest rates and have a queue system to get your money out. Funding Circle: Been trying to get my money out of this since October, down to about 40% of my maximum Assetz: Interest rates cut and money in a queue system I would avoid ALL P2P at the moment until things settle. Most don't give you an option to buy in at a discount, so I would say now is a terrible time to invest. But if you can buy in at a discount it could be worth at least researching. I agree that there are some poor P2P platforms out there. Some are being found out by the current crisis, and some are downright crooked stinkers. However, i feel that its a shame that they are all being tarred with the same brush. Of those you mentioned i feel that Assetz will be OK. There are plenty of platforms that have proven resilient in the current climate and are offering good risk adjusted returns across a wide range of risk appetites IMO. For instance: For the cautious, Loanpad at 3.5% to 4.5%. For solid mid-range returns, CrowdProperty at 7% to 8% (nearer 7% after inevitable cash drag). For the less cautious willing to do more hands on DD, ABLrate at up to 15% (probably nearer 10% to 12% after defaults). For the adventurous, AxiaFunder at potentially much higher returns (with commensurately higher risk). There are lots of others that are doing OK: Unbolted, LandlordInvest, Proplend, CapitalRise, and kuflink to name a few. In summary, I'm very happy to include awide range of P2P platforms in my portfolio.
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Post by easterndreams on Jun 7, 2020 11:45:07 GMT
Thanks for the feedback, very helpful and interesting.
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Post by honda2ner on Jun 7, 2020 15:31:10 GMT
Which other P2Ps do you invest via? Do you think now is an attractive entry point for any of them? Ratesetter: They have currently halved their interest rates and have a queue system to get your money out. Funding Circle: Been trying to get my money out of this since October, down to about 40% of my maximum Assetz: Interest rates cut and money in a queue system I would avoid ALL P2P at the moment until things settle. Most don't give you an option to buy in at a discount, so I would say now is a terrible time to invest. But if you can buy in at a discount it could be worth at least researching. Not completely accurate, Assetz Manual Lending Account interest completely unchanged and operating normally, there are some juicy discounts in there. I'm in RS but getting out as they have put themselves up for sale and never made a profit. Common sense dictates a bleak future. I'm too heavy in Assetz (all MLA), not putting any more in unless discounts improve but doing plenty of compounding and recycling. Also not putting any more in WA as tax implications make it uneconomic, waiting for the Stocks & Shares ISA then will invest more. Never touch a black box account, they have always disappointed and anything marked as "Access" is obviously anything but.
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Post by easterndreams on Jun 7, 2020 22:40:17 GMT
Also not putting any more in WA as tax implications make it uneconomic, waiting for the Stocks & Shares ISA then will invest more By tax implications, you mean income tax on the bond interest, or is there something else I have missed? I think I saw emails saying that they have an Innovative Finance now? Haven't looked into the details however. I suppose when bonds rally, you could sell them immediately and claim capital gains on that instead? I have bonds that have rallied ~25% since March so could provide a bit of a saving!!
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Post by easterndreams on Jun 8, 2020 12:51:09 GMT
Wow another solid bump upwards, mostly across the board... The downturn in March/April is now thoroughly left-behind! A couple of names have sunk to near-worthlessness, bit most of the others are more than covering it.
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Post by honda2ner on Jun 8, 2020 13:14:12 GMT
Yes, very close to the £1k tax free interest limit on mine and Mrs Honda2ner accounts. I got into bonds for more stability as P2P is pretty choppy right now so not really thinking of chasing capital gains by selling. Having looked at the markets it seems some of the lower coupon, longer term bonds become difficult to sell after they have risen above par, logical really as who wants to buy in late after the price has risen. I expect timing is critical with lots of monitoring to find the sweet selling spot and I don't have the time to sit and plot!
IMO you know you have got it right when WA emails you to confirm that you are still willing to buy an open request that has had a price rise as that's showing the price going in the right direction as you queue to buy in.
In WA I'm heavy in one or two companies that I am familiar with and deal with regularly but everything else is diversified as much as possible so selling would only net a few quid in each and it's just easier to hold to maturity. Dabbled a bit with PIK but again looking for more certainty, not less so the numbers are tiny.
Not sure if the IFISA is still available, I think it was aimed at the high yield sector IIRC which again is going against my wish to reduce my risk exposure.
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Post by honda2ner on Jun 8, 2020 13:20:17 GMT
Wow another solid bump upwards, mostly across the board... The downturn in March/April is now thoroughly left-behind! A couple of names have sunk to near-worthlessness, bit most of the others are more than covering it. I think my Pizza Express are looking very junky but then I was chuckling as I bought it and only did it for the ride! If they actually survive I'll make a pretty penny and if they don't then it was an expensive laugh. Anyone brave enough to have a punt on AMC?
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