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Post by spareapennyor2 on Jun 6, 2016 19:55:43 GMT
just seen 5k bought on the big red box
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locutus
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Post by locutus on Jun 6, 2016 21:16:28 GMT
just seen 5k bought on the big red box Good spot. Welcome to the forum.
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Post by brianac on Jun 6, 2016 21:35:04 GMT
I have always felt that SS was a risky investment (no surprise there) but 12% was a good return, so the "plan" always was to "make Hay whilst the sun shines", well now there are rainclouds in the sky, and whilst it may be a passing shower, there are some pretty dark patches.
Anyway, to cut to the chase, I am going to dratically reduce my position, but I want to keep a little bit, - if the metaphoric rain clouds dissipate I can always come back in - what would you suggest?
Hastings is out, didn't plan to keep that long anyway
Glasgow (both) interesting but probably not a long term keep (besides it involves solicitors!!)
London Riviera - nah
Gravel quarry?
Duke street?
Clitheroe?
Exeter "duffle's"?
suggestions? probably only keep a couple.
Brian
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jun 6, 2016 21:40:14 GMT
I have always felt that SS was a risky investment (no surprise there) but 12% was a good return, so the "plan" always was to "make Hay whilst the sun shines", well now there are rainclouds in the sky, and whilst it may be a passing shower, there are some pretty dark patches. Anyway, to cut to the chase, I am going to dratically reduce my position, but I want to keep a little bit, - if the metaphoric rain clouds dissipate I can always come back in - what would you suggest? Hastings is out, didn't plan to keep that long anyway Glasgow (both) interesting but probably not a long term keep (besides it involves solicitors!!) London Riviera - nah Gravel quarry? Duke street? Clitheroe? Exeter "duffle's"? suggestions? probably only keep a couple. Brian IMO trying to cherry pick the winners is a mugs game. Better to hold a relatively small amount in each of as many loans as possible. Then hope that 12% on the ones that repay covers any losses.
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jimbob
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Post by jimbob on Jun 6, 2016 21:41:07 GMT
I have always felt that SS was a risky investment (no surprise there) but 12% was a good return, so the "plan" always was to "make Hay whilst the sun shines", well now there are rainclouds in the sky, and whilst it may be a passing shower, there are some pretty dark patches. Anyway, to cut to the chase, I am going to dratically reduce my position, but I want to keep a little bit, - if the metaphoric rain clouds dissipate I can always come back in - what would you suggest? Hastings is out, didn't plan to keep that long anyway Glasgow (both) interesting but probably not a long term keep (besides it involves solicitors!!) London Riviera - nah Gravel quarry? Duke street? Clitheroe? Exeter "duffle's"? suggestions? probably only keep a couple. Brian All of them must surely have some sort of a wrinkle, or they wouldn't need to finance at 27% IRR ^_~ - PBL72 used to be a second charge but is now a first charge and the borrower repaid the first charge and it has a low low LTV with plenty of remaining days - that is the best one I think.
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Liz
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Post by Liz on Jun 6, 2016 21:44:50 GMT
Brian, Where will you be investing funds you get back from SS? Stock market, another p2p(we need names  , the bank etc I know a nice plot of land you could "invest" in, 50 year lease. |
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Post by brianac on Jun 6, 2016 21:51:21 GMT
I'm just withdrawing some funds from stuff I've already disposed of (sub 100 days) and the withdrawal page has a large piece suggesting "reinvest your funds" with a panel of Pebble 20 complete with large red warning box!! (but 75.5 k avaliable!!)
Priceless
:-)
Brian
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Post by brianac on Jun 6, 2016 21:57:11 GMT
Brian, Where will you be investing funds you get back from SS? Stock market, another p2p(we need names , the bank etc I know a nice plot of land you could "invest" in, 50 year lease. maybe a garden centre, - I know where one's going cheap, might get a good discount. Some will go back into AC, - couldn't get anything invested a few days ago, but now it's picking up speed. Rest I've not yet decided - Stock market? - I think not, my SIPP is covered in red ink at the moment! Time for some research I think. " Buy land my boy, they ain't making it any more" - not srictlly true of course. Brian
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Liz
Member of DD Central
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Post by Liz on Jun 6, 2016 22:04:12 GMT
Brian, Where will you be investing funds you get back from SS? Stock market, another p2p(we need names , the bank etc I know a nice plot of land you could "invest" in, 50 year lease. maybe a garden centre, - I know where one's going cheap, might get a good discount. Some will go back into AC, - couldn't get anything invested a few days ago, but now it's picking up speed. Rest I've not yet decided - Stock market? - I think not, my SIPP is covered in red ink at the moment! Time for some research I think. " Buy land my boy, they ain't making it any more" - not srictlly true of course. Brian I hear they are selling land cheap on the moon. Maybe get a bridging loan on it once you find a nice rocky patch 
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Post by pepperpot on Jun 6, 2016 22:26:03 GMT
maybe a garden centre, - I know where one's going cheap, might get a good discount. Some will go back into AC, - couldn't get anything invested a few days ago, but now it's picking up speed. Rest I've not yet decided - Stock market? - I think not, my SIPP is covered in red ink at the moment! Time for some research I think. " Buy land my boy, they ain't making it any more" - not srictlly true of course. Brian I hear they are selling land cheap on the moon. Maybe get a bridging loan on it once you find a nice rocky patch Already got an acre, and a nice certificate as proof! Unfortunately, the £20 present 20years ago hasn't performed particularly well, as the same is now on amazon for £15.28. Disappointing to say the least. (Although I believe all the 'nice' plots are taken )
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Post by harvey on Jun 6, 2016 22:31:45 GMT
The risk that comes with a headline 12% return rate is coming more into focus now. You don't need to be a financial expert to know that if someone is paying you a rate of 12% then you are accepting a very high risk. When a project is new like saving stream you don't see the risk in black and white because it is too young for all of the risks and problems to have emerged.
Only a fool would think they could stick their money in here and get 12% for the months and years to come. Of course the real rate of return after defaults and losses will be quite a bit less. Get out now and you can take your 12% - unless you are invested in the garden centre.
If you wish to stay the course and stick with it then don't expect to get 12% in the longer term. Hopefully you will still get more than you would have got with your money tucked away in the bank or building society at 1%.
Stick or Twist that is the question. And your decision should be based on how much you are prepared to accept as a real return for the level of risk. If anything north of six or seven percent is good for you then maybe stick with it. If your long-term aim is double figures interest then I would say that is an unrealistic expectation.
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adrianc
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Post by adrianc on Jun 6, 2016 22:33:45 GMT
PBL72 used to be a second charge but is now a first charge and the borrower repaid the first charge and it has a low low LTV with plenty of remaining days - that is the best one I think. Never mind the number of days - look at the updates... 11th May - Sales are progressing very nicely; we should see some funds returned very soon.The first charge has already repaid. The rest won't be far behind.
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mikes1531
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Post by mikes1531 on Jun 7, 2016 14:43:58 GMT
I'm just withdrawing some funds from stuff I've already disposed of (sub 100 days) and the withdrawal page has a large piece suggesting "reinvest your funds" with a panel of Pebble 20 complete with large red warning box!! (but 75.5 k avaliable!!) Priceless :-) Yes, indeed. I expect that SS didn't consider the possibility of defaulted loans when they agreed to this clever bit of web page programming.
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Liz
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Post by Liz on Jun 7, 2016 17:43:23 GMT
Anything still selling in seconds, mine did anyway, needed to pay off the mother In law hit an  |
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adrianc
Member of DD Central
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Post by adrianc on Jun 7, 2016 18:19:06 GMT
Anything still selling in seconds, mine did anyway, needed to pay off the mother In law hit an <raises eyebrow> Mmm. In the context of your outrage in another thread...
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, the bank etc
