iRobot
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Post by iRobot on Oct 29, 2020 15:34:05 GMT
Well, I might - if you really mean that P2P sits at the end of the spectrum. I can think of many more investments that I would consider to be more speculative than P2P (bitcoin, anyone?). IF you mean - more than 50% of the way up a scale from 0 (NS&I) to 100 (not sure what the end is... tulips?) - then possibly, though we'd need to have an extended discussion on how this particular scale is calibrated. P2P also covers quite a range on this scale, of course, with property-secured accounts with PFs at the lower end of that range. Not at the very end, no - but, as a cohort, getting that way. And, yes, taking 'sensible' steps - such as focusing on domestic property and/or avoiding junior ranking loans - can do an awful lot to help reduce the risk.
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iRobot
Member of DD Central
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Post by iRobot on Oct 29, 2020 15:39:24 GMT
Yep, BitCoin and its cousins are the modern equivalent of Dutch tulip bulbs in my mind. Insane how people talk BTC up as a store of value. No intrinsic value at all. On a scale of 0 to 100, I'd put NS&I at 10, Govt's can and do default or seize capital, P2P around 60, followed by CFDs, Spreadbets and BTC at 90, 100 would be a lottery ticket.
I'd tend to disagree that CFDs / SpreadBetting was up in at the 90 mark along with Cryptos. (If that's what you meant?) Banner warnings on most spreadbetting sites will warn of 70-odd percent of punter losing, so would seem logical to place it at that level. (And doesn't it logically imply that 20-something percent of participants don't lose?   )
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Ukmikk
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Post by Ukmikk on Oct 29, 2020 16:43:15 GMT
Discounts now at 5.6% / 5.8% (for £10K). I wonder if the drop has been caused by some of the £4m loan #227 repayment hitting the AA SM. Must be close to the lowest discount on record, the auto reinvest seems to have completed now, up to 5.7% - 5.9% now, still quite a lot lower than last week though. Apologies if I've missed it, I have not had time to keep up properly lately. Are the current discount rates for buying and selling available on the AC website anywhere, I had a look this afternoon but couldn't see anything. Thanks.
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Doc
Member of DD Central
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Post by Doc on Oct 29, 2020 17:26:37 GMT
Must be close to the lowest discount on record, the auto reinvest seems to have completed now, up to 5.7% - 5.9% now, still quite a lot lower than last week though. Apologies if I've missed it, I have not had time to keep up properly lately. Are the current discount rates for buying and selling available on the AC website anywhere, I had a look this afternoon but couldn't see anything. Thanks. Currently, 5.1% Buy - 5.2% Sell
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Post by Harland Kearney on Oct 29, 2020 18:28:50 GMT
Just picked up some more 90daa at 5.0% from my PF payout on 227. Out of the frying pan, and into the oven  ! |
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dead-money
Rocket to the Moon
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Post by dead-money on Oct 29, 2020 18:49:57 GMT
Must be close to the lowest discount on record, the auto reinvest seems to have completed now, up to 5.7% - 5.9% now, still quite a lot lower than last week though. Apologies if I've missed it, I have not had time to keep up properly lately. Are the current discount rates for buying and selling available on the AC website anywhere, I had a look this afternoon but couldn't see anything. Thanks. AC choose not to advertise the discount rate, so you have to test and sample yourself unfortunately.
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Ukmikk
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Post by Ukmikk on Oct 29, 2020 19:04:45 GMT
Apologies if I've missed it, I have not had time to keep up properly lately. Are the current discount rates for buying and selling available on the AC website anywhere, I had a look this afternoon but couldn't see anything. Thanks. AC choose not to advertise the discount rate, so you have to test and sample yourself unfortunately. I feared as much. Many thanks for your responses guys.
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garfield
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Post by garfield on Oct 29, 2020 22:15:59 GMT
I feared as much. Many thanks for your responses guys. But you can test the water without having to dip your toe in... as it were.
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Post by Badly Drawn Stickman on Oct 29, 2020 22:39:02 GMT
I feared as much. Many thanks for your responses guys. But you can test the water without having to dip your toe in... as it were.
Putting aside the fairly obvious fact that it would be a pretty poor marketing tool currently. A simple display showing bids and offers and depth of market would almost certainly benefit most investors, and hardly be a taxing task to display. It would save people wasting time testing the waters and still only getting an outliers view.
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dead-money
Rocket to the Moon
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Post by dead-money on Oct 29, 2020 23:53:41 GMT
I feared as much. Many thanks for your responses guys. But you can test the water without having to dip your toe in... as it were.
Not quite; You have to have available funds, to the desired amount, on the platform to know the discount offered to invest, conversely you have to have invested funds eligible for withdrawal to know the discounts required to exit for any given amount at that time.
This is made doubly awkward by the restriction on not being able to initiate an invest action with active withdrawals on a sub account or vice versa.
In my view, the system was deliberately designed to be opaque.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Oct 30, 2020 7:55:05 GMT
Discount 4.99% QaaSm as of fri 07;30 am
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ashtondav
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Post by ashtondav on Oct 30, 2020 9:06:53 GMT
On what basis are people BUYING at a <5% discount?
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SteveT
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Post by SteveT on Oct 30, 2020 9:20:36 GMT
On what basis are people BUYING at a <5% discount? Presumably because they still feel the equivalent of 16 months extra interest on their QAA investment is attractive
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IFISAcava
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Post by IFISAcava on Oct 30, 2020 9:45:15 GMT
On what basis are people BUYING at a <5% discount? No idea, I am selling at that price. The lack of liquidity alone (which I can't see being reversed any time soon given the huge exit queues) is enough to justify at least that discount.
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r00lish67
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Post by r00lish67 on Oct 30, 2020 10:07:39 GMT
Can't immediately see the answer to this on the platform - what happens with accrued interest when you sell? If you sell at the end of the month, do you just forego it? Or are you still paid whatever interest you accrued when it's next paid?
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