bigfoot12
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Post by bigfoot12 on Nov 4, 2015 13:57:07 GMT
But what'll they do with the investment trust? Manage it in the best interests of the shareholders? If they did that, the Autobid well would dry up anyway. I assumed that the investment trust will be just like the other institutions buying whole loans - is this wrong? And I think they're already dependent on the institutions. The WL market takes more than half the loans. If that tap were turned off, the PL market couldn't double in size in any feasible timescale. ISA ( In Stitution Alternative)
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min
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Post by min on Nov 5, 2015 7:14:38 GMT
Sold 2 £20 property parts overnight- presumably Autobodge. Even better, one was Surrey part which lessens my diversity criminality. Down from 2.5% to 2.3%.
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blender
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Post by blender on Nov 5, 2015 11:28:17 GMT
Sold 2 £20 property parts overnight- presumably Autobodge. Even better, one was Surrey part which lessens my diversity criminality. Down from 2.5% to 2.3%. Be proud of your diversity criminality, Miss Bannister, and try for 10%. There will come a time when we will have equal esteem on FC's platform.
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SteveT
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Post by SteveT on Nov 5, 2015 11:52:13 GMT
Sold 2 £20 property parts overnight- presumably Autobodge. Even better, one was Surrey part which lessens my diversity criminality. Down from 2.5% to 2.3%. Be proud of your diversity criminality, Miss Bannister, and try for 10%. There will come a time when we will have equal esteem on FC's platform. The account I use for flipping my 2%CB property parts is currently showing 12.6% 
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Post by pepperpot on Nov 5, 2015 13:34:37 GMT
Be proud of your diversity criminality, Miss Bannister, and try for 10%. There will come a time when we will have equal esteem on FC's platform. The account I use for flipping my 2%CB property parts is currently showing 12.6% Pff, Lightweight! Currently 14.3% I operate an account for my Mum, she's at a healthy 30.01%.  (Shh, I've not drawn attention to that bit, but she's very happy with the 13.4% annualised return!!)
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fasty
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Post by fasty on Nov 5, 2015 13:42:14 GMT
The account I use for flipping my 2%CB property parts is currently showing 12.6% Pff, Lightweight! Currently 14.3% I operate an account for my Mum, she's at a healthy 30.01%. (Shh, I've not drawn attention to that bit, but she's very happy with the 13.4% annualised return!!) I wonder how many of us are managing accounts for parents? My dad's account is providing a much healthier yield than my own. We chose a great time to start the initial investment, and I have been able to apply "lessons learned" from my own earlier experiments with flaming conflagrations.
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blender
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Post by blender on Nov 5, 2015 14:02:07 GMT
Perhaps others are also into the Islington property, 10% A+ bought with 1% cash back - and with 9 months to run there is no panic to flip it. We have two accounts and overall it is just over 10%. There should be a 10% club for diversity criminals.
I await cash back on the next tranche of central London.
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Post by aloanatlast on Nov 5, 2015 14:28:39 GMT
I wonder how many of us are managing accounts for parents? Sadly I expect too many of us despatched them to the crem with the necessary paperwork, instead of propping them up in a chair and drawing their pensions.
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SteveT
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Post by SteveT on Nov 5, 2015 14:48:11 GMT
Perhaps others are also into the Islington property, 10% A+ bought with 1% cash back - and with 9 months to run there is no panic to flip it. We have two accounts and overall it is just over 10%. There should be a 10% club for diversity criminals. I await cash back on the next tranche of central London. Yes, I'm still sitting on a fair pile of Islington 2 (intended for sale in another couple of months). Also working through my stack of S.London - Dynamo parts (12% A, no CB but currently finding new homes at +1.2% with 6 months left). However my biggest stakes are the more recent Tooting and K***** Rd 2, both already trickling out nicely.
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acky
Posts: 481
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Post by acky on Nov 5, 2015 15:46:45 GMT
The account I use for flipping my 2%CB property parts is currently showing 12.6% Pff, Lightweight! Currently 14.3% I operate an account for my Mum, she's at a healthy 30.01%. (Shh, I've not drawn attention to that bit, but she's very happy with the 13.4% annualised return!!) Shame on you all! Detention and a hundred lines, boys: "I must obey Fanatically Cautious and get my diversity down to 1%"
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Post by goldservice on Nov 5, 2015 15:46:57 GMT
The account I use for flipping my 2%CB property parts is currently showing 12.6% Hmmm ... but is it scalable (eg to £50k)? I bought 400 £20 parts in 12 property loans with cash back around April this year and immediately put them on sale at par. They have been trickling out ever since but I still have about 50 parts left. I must have relisted some of them over 12 times by now. It has been tedious. If I wanted to build up a £50k holding of such stuff, just how much clicking would I be doing? The clicking is increased even further if you follow the advice of some to relist after a few days to speed up sales.  EDIT: I don't actually 'click' - the keyboard is much faster ... but not scalable
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blender
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Post by blender on Nov 5, 2015 15:54:37 GMT
I found a good way of halving the number of clicks. And they are allowed to run for 14 days.
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Post by yorkshireman on Nov 5, 2015 16:01:57 GMT
Pff, Lightweight! Currently 14.3% I operate an account for my Mum, she's at a healthy 30.01%. (Shh, I've not drawn attention to that bit, but she's very happy with the 13.4% annualised return!!) I wonder how many of us are managing accounts for parents? My dad's account is providing a much healthier yield than my own. We chose a great time to start the initial investment, and I have been able to apply "lessons learned" from my own earlier experiments with flaming conflagrations.
Well, just to be contrary, I manage accounts for my adult offspring.
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SteveT
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Post by SteveT on Nov 5, 2015 16:02:21 GMT
I don't know about £50k but I have about 1000 property parts (£20k) listed at par and it only takes a few minutes every couple of days to relist those that have timed out after their 14 days. I certainly wouldn't do it if I had to list them at a premium or discount (much too much clicking!) but re-listing at par is quick. I reckon I average 7 or 8 clicks per property part sale (1 to buy, 1 to list on SM and an average 5 or 6 relistings (so approx. 3 months on average to sell, some much faster, some rather slower) which isn't bad for 35p profit, on top of the underlying interest.
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blender
Member of DD Central
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Post by blender on Nov 5, 2015 16:18:18 GMT
That's a secret!
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(Shh, I've not drawn attention to that bit, but she's very happy with the 13.4% annualised return!!)
