freddy
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Post by freddy on Feb 25, 2016 1:21:50 GMT
Good luck to you both. I've been with Saving Stream since September and have found the information, advice and different viewpoints on this forum invaluable.
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freddy
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Post by freddy on Feb 25, 2016 1:25:12 GMT
Shanes mum here again! Once again, thank you everybody for all your help I've sat down with Shane and have discussed his options with him. He is very keen to invest his money, and after reading through these forums and some research online I'm quite happy for these investments to be in savigstream. However, I'm going to be at his side at all times, just to keep a close eye on things. In fact, after my own research, I'm quite tempted to invest some of my own investments  . Anyway; my mums house is yet to sell. Shane is looking at receiving between £50,000 & £75,000 and legally I would be in charge of his affairs until he reaches 18, so I can keep a close eye on his investments and put a stop to it if I feel uncomfortable. Until the house sells I'm happy for him to 'practice' with the £100 he already has invested. He seems to enjoy reading the valuation reports! You're a great mum and your son seems to be a smart lad; I think you will both do just fine Arnie..........are you flirting with Shane's Mum 
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 25, 2016 1:39:57 GMT
Well, she has £75,000 coming her way, and a son that can do Due Diligence for me.... why would I not flirt with her  Sorry to disappoint you Arnie, but I've always been more into Sylvester  A thing for cartoon puttee cats! Youll fit right in ;-)
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freddy
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Post by freddy on Feb 25, 2016 1:56:45 GMT
Sorry to disappoint you Arnie, but I've always been more into Sylvester A thing for cartoon puttee cats! Youll fit right in ;-) How's that!!!
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freddy
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Post by freddy on Feb 25, 2016 3:59:13 GMT
Don't push me!!
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Post by highlandtiger on Feb 25, 2016 8:11:09 GMT
Sorry to disappoint you Arnie, but I've always been more into Sylvester A thing for cartoon puttee cats! Youll fit right in ;-) Result for me then
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Post by dodgeydave on Feb 25, 2016 9:09:40 GMT
Thats more like it! Unfortunately I also happen to be married  , so I will have to pass any tempting offers from you Mr Sly I can't help but think of poor innocent Shane when he reads through these posts tomorrow morning; I mean we're hitting on his mum for crying out load ! But seriously.... Arnie would kick Sly's Ass any day of the week What a day at school. Can you imagine . Last night Arnie and Sly were hitting on my Mum.
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borofan
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Post by borofan on Feb 26, 2016 15:59:37 GMT
I'm quite a small investor. I have about £3.5k in SS with £150 my max per investment.
My total free cash to put into savings accounts, ISAs and P2P is just under £200,000.
I was thinking of investing in SS until I have £15k in.
My OH feel that 15k in SS out of £200k is too much.
Obviously we all have our risk/reward ideas, but what are other peoples opinion?
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SteveT
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Post by SteveT on Feb 26, 2016 16:04:24 GMT
My OH is always right. It saves arguments that way. |
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oldgrumpy
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Post by oldgrumpy on Feb 26, 2016 16:07:02 GMT
To Shane and mother-of-Shane .... you should be looking at several other platforms and/or non P2P products if you are talking about the five figure sum mentioned. definitely not all in SS.
Signed
Gordon Rilla Esq.
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Post by GSV3MIaC on Feb 26, 2016 16:08:02 GMT
Sort of depends where the other £185k is, or is going. With £200k I wouldn't want to put much more than £20k into P2P, maybe £50k if I was madly adventurous, given the other available options (one assumes you have SIPP / pension covered?), but then I'd have to decide whether to dump it all into SS or whether, because of 'platform risk' to spread it around some (There are a number of other platforms where you can also get 12% or more, and some nominally safer ones where you can get
6%+). At the £50k end of the spectrum I'd definitely be in more places than just SS.
How bad will you, or your OH, feel if it all evaporates?
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Steerpike
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Post by Steerpike on Feb 26, 2016 16:11:21 GMT
I have about 10% of my P2P investment with SS and P2P constitutes about 34% of my total investments (excluding pension/home).
My largest P2P investment is about 15% of my P2P total and so about 5% of the overall sum.
I see 5% as a reasonable cap and so like the OH I too consider 7.5% a bit high.
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borofan
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Post by borofan on Feb 26, 2016 16:14:56 GMT
Thanks for the replies.
No I don't have a private pension, but I do have a couple of frozen company pensions.
Should I really look into doing that first?
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borofan
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Post by borofan on Feb 26, 2016 16:16:31 GMT
Thanks for the replies. No I don't have a private pension, but I do have a couple of frozen company pensions. Should I really look into doing that first? (I'm not a tax payer)
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Post by GSV3MIaC on Feb 26, 2016 16:28:21 GMT
The attraction of a SIPP (pension) is the government will kick in tax relief on your investment** (although you'll maybe get to pay tax if/when you take it out again), so it may be worth looking at .. if you have a taxation issue (enough to use an ISA) then running the numbers over a SIPP is maybe a good plan (you can invest a SIPP in all sorts of things .. yep, even some P2P companies). If your company pensions are already heaving you into the supertax bracket, then maybe further pension investment is less attractive. Someone said they had 34% in P2P .. I'd regard that as super aggressive for £200k total pot. My view (YMMV) is that the percentage you can afford to hang out on risky investments is higher the bigger your pot (i.e. if you have million, you might risk half on p2p .. if you had £10m you might even risk 75% .. if you only had £10k, I wouldn't suggest risking any). But only you can decide at what level you start worrying about it. ** yes, you can get (some) tax relief on pension contribution even if you didn't pay any .. look at www.hl.co.uk/pensions/sipp/tax-benefits-of-a-sipp for details |
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, so I will have to pass any tempting offers from you Mr Sly 
