chris1200
Member of DD Central
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Post by chris1200 on Aug 7, 2020 11:54:07 GMT
Check out the definition of Investments and Savings and educate your understanding before spouting off, The problem here is that there is no strict (e.g. legal) definition of 'investments' vs. 'savings'. You're just arguing based on your own subjective understandings of those terms, which makes those arguments completely fruitless. [that's 'you' plural, rather than just 'you' singular]
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
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Post by coogaruk on Aug 7, 2020 11:56:14 GMT
You demonstrate and amplify your lack of understanding with each and every post you make. Please stop.
NO, stop responding if you don't like it. Check out the definition of Investments and Savings and educate your understanding before spouting off, You describe yourself as an Antagonist, I wonder why. ****END*** Miaow!
It's clear for all here to see who needs the education.
(Clue: It ain't the one with 30+ years experience in investing)
Bored now. Carry on ranting by all means but hopefully learn something from the experience.
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Post by bernythedolt on Aug 7, 2020 12:53:12 GMT
The word "Invest" appears 8 times, "Save" 0 times. Draw your own conclusion how RS views its lenders...
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
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Post by beagle on Aug 7, 2020 12:54:37 GMT
You demonstrate and amplify your lack of understanding with each and every post you make. Please stop.
NO, stop responding if you don't like it. Check out the definition of Investments and Savings and educate your understanding before spouting off, You describe yourself as an Antagonist, I wonder why. ****END*** gar - pub time?
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macq
Member of DD Central
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Post by macq on Aug 7, 2020 12:58:07 GMT
NO, stop responding if you don't like it. Check out the definition of Investments and Savings and educate your understanding before spouting off, You describe yourself as an Antagonist, I wonder why. ****END*** gar - pub time? Please don't add alcohol to mix!
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Post by Harland Kearney on Aug 7, 2020 14:16:32 GMT
Imagine thinking loaning your money is akin to FSCS savings... I shake my head . If anybody on here thinks that P2P is FSCS comparable thats not a opinion, it is outright factually incorrect. I am not invested in RS left years ago but hold money in AC. I see similar (albiet less) of these types of comments. That people are arguning in this thread about it. It is already a fact, this is a investment. Always was, always will be. If you were sheeped in by a name, well I don't know have any words. I think the P2P marketing team figured out many "investors" pretty well from the types of exposure some people must be in to warrant some of the very angry responses on this board. More than the FCA recommanded 10% I bet!
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Aug 7, 2020 14:30:06 GMT
Imagine thinking loaning your money is akin to FSCS savings... I shake my head . If anybody on here thinks that P2P is FSCS comparable thats not a opinion, it is outright factually incorrect. I am not invested in RS left years ago but hold money in AC. I see similar (albiet less) of these types of comments. That people are arguning in this thread about it. It is already a fact, this is a investment. Always was, always will be. If you were sheeped in by a name, well I don't know have any words. I think the P2P marketing team figured out many "investors" pretty well from the types of exposure some people must be in to warrant some of the very angry responses on this board. More than the FCA recommanded 10% I bet! on the merry go round we go
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Aug 7, 2020 16:29:01 GMT
Imagine thinking loaning your money is akin to FSCS savings... I shake my head . If anybody on here thinks that P2P is FSCS comparable thats not a opinion, it is outright factually incorrect. I am not invested in RS left years ago but hold money in AC. I see similar (albiet less) of these types of comments. That people are arguning in this thread about it. It is already a fact, this is a investment. Always was, always will be. If you were sheeped in by a name, well I don't know have any words. I think the P2P marketing team figured out many "investors" pretty well from the types of exposure some people must be in to warrant some of the very angry responses on this board. More than the FCA recommanded 10% I bet! on the merry go round we go Just to put another horse on the merry go round, I don't really like the term investors either, we always used to be lenders (I'm not sure when the terminology changed to investors). Investors makes it sound like we have some stake in the P2P companies, which we don't (unless we bought shares at some point).
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Aug 7, 2020 16:35:35 GMT
on the merry go round we go Just to put another horse on the merry go round, I don't really like the term investors either, we always used to be lenders (I'm not sure when the terminology changed to investors). Investors makes it sound like we have some stake in the P2P companies, which we don't (unless we bought shares at some point). if you invest with etoro are you investing or investing and taking an equity stake in etoro....?
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Post by gar on Aug 7, 2020 16:52:11 GMT
NO, stop responding if you don't like it. Check out the definition of Investments and Savings and educate your understanding before spouting off, You describe yourself as an Antagonist, I wonder why. ****END*** gar - pub time? Thanks beags, it's another hour before party time. Topic of conversation with the lads is going to be about the chap with 30 years investment experience who got his money wrapped up in RS for 5 years because he didn't read the T&C's.
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Post by Harland Kearney on Aug 7, 2020 17:14:02 GMT
on the merry go round we go Just to put another horse on the merry go round, I don't really like the term investors either, we always used to be lenders (I'm not sure when the terminology changed to investors). Investors makes it sound like we have some stake in the P2P companies, which we don't (unless we bought shares at some point). The term is interchangble within P2P on this board but yeh I agree, but a minority of people on this board (not just in RS) that think the world has done them wrong or they were mis-lead has me up the wall. I would never of dreamed of trusting these P2P "fintech" companies with anything above the two digit % exposure of my portfilio. Like come on wake up. Writing was on the wall before even the start of the year. Glad I stuck to Funds & shares primairly. After the Lendy and FS, God save us the COL incidents. It should of been crystal ******* clear that this isn't a safe place to park cash, make large investments without a balanced portfilio to prop it up with other sound assets...
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
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Post by coogaruk on Aug 7, 2020 17:20:42 GMT
Topic of conversation with the lads is going to be about the chap with 30 years investment experience who got his money wrapped up for 5 years because he didn't read the T&C's. You really are something else! Where do I start?
Firstly, experience doesn't automatically mean success but I guess the fact that I'm still investing thirty plus years on suggests I must have had my fair share of it in the past.
Secondly - unlike you it would seem - I did read and accept the Terms & Conditions at the point I signed up and to a large degree remain reasonably happy with them, even though as with both Z & FC before them, there have since been many developments at RS that have - putting it mildly - annoyed me, several of which I'm sure I have documented here, if you'd only care to take a look. Hence why I'm now in 'wind down' mode.
As for having my money "wrapped up" for *up to* five years (though I've already had a third of my total RS investment returned - entirely from borrower repayments - since mid-May btw) that's something else I have accepted and am comfortable with because a) I still expect to come out with a decent return in the long run and - more importantly perhaps - b) I can afford to lose if it fails to live up to my hopes/expectations. p2p has never contributed more than about 10% of my well-diversified investment portfolio.
You'll be relieved to hear (but perhaps not as much as others on here) this is the final FREE LESSON you'll ever receive from me. Whether you decide to learn anything from it or not of course is entirely up to you.
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Post by Deleted on Aug 7, 2020 21:09:56 GMT
And this thread demonstrates clearly why many P2P platforms have decided to go institutional and dump retail money.
Despite having to certify themselves as sophisticated investors who knew what they were investing in, the whingers are now crying foul. Did they lie when they certified, or are they just too thick to know what they clicked?
Either way, its no wonder so many P2P companies are finding this source of 'dumb money' to be far more hassle than it is worth, and are switching to institutional.
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Post by Deleted on Aug 7, 2020 22:53:55 GMT
Ratesetter chased dumb money so that's the kind of investor/saver/lender they got. Yep, that dumb money still had to self-certify a basic level of reading comprehension though.
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aju
Member of DD Central
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Post by aju on Aug 7, 2020 23:16:46 GMT
And this thread demonstrates clearly why many P2P platforms have decided to go institutional and dump retail money. Despite having to certify themselves as sophisticated investors who knew what they were investing in, the whingers are now crying foul. Did they lie when they certified, or are they just too thick to know what they clicked? Either way, its no wonder so many P2P companies are finding this source of 'dumb money' to be far more hassle than it is worth, and are switching to institutional. Ratesetter chased dumb money so that's the kind of investor/saver/lender they got. Count me in too with coogaruk and many others here as someone who also has made a good return as a p2p dumbster!. Yes I have money stuck in p2p but as I have said before its not capital I rely on and in fact its now mostly earned money from over the last 13/14 years or so since I finished working in the real world. I like to think I know what I am doing in the wild west of investment - yes I said it p2p is investment its not saving and i'll wash my mouth out with carbolic soap later. But one thing I do know is I never invest in something I do not feel I understand enough to commit my spare money to.
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