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Post by Ton ⓉⓞⓃ on Jun 25, 2016 19:33:57 GMT
Mod hat on! Which thread has been locked down without contravening the (very simple and reasonable) forum rules? If the answer is 'none' - then what is your beef? Edit: Having considered your post further - it is possible that I've misinterpreted its thrust. If you are bemoaning the tendency of some members of the forum to cause a thread to be locked or quarantined because they don't understand, or don't respect, the forum rules, then I agree with you. This thread:- p2pindependentforum.com/thread/5516/brexit-discussion-split-ac-threadWell that particular link has the posts that've been hived off of another thread which wasn't discussing brexit. The very last post in your link, copied below, talked about volunteers to Mod out any bile, invective etc, there being no-one to do it means that Brexit as a political discussion is not possible. Unless there is someone who will can go thru' numerous posts doing the honours, to be honest it's a bit pointless now, whereas the financial implications of Brexit and perhaps how they affect loans, p2p etc. should still be going on unabated. At least that's my take.
When we removed the last EU thread from the chat board we asked for volunteers to mod such a thread until the end of July. In the absence of any volunteers, the mod team feel it best this discussion is locked.
Discussing the impact of the vote on UK fiscal and monetary policy and hence consequences for specific p2p platforms is fine, but the wider political discussion can all too easily become overheated and takes an inordinate amount of time to moderate.
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sl75
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Post by sl75 on Jun 27, 2016 7:12:04 GMT
Edit: Having considered your post further - it is possible that I've misinterpreted its thrust. If you are bemoaning the tendency of some members of the forum to cause a thread to be locked or quarantined because they don't understand, or don't respect, the forum rules, then I agree with you. I think it's kind-of the online version of a filibuster - if you can't make any good arguments of your own, simply ensure that your opposition doesn't get the opportunity to continue the debate either. Edit: I also wonder whether the dual use in English of the word "argument" fuels such misunderstandings in those who have no concept of the form of "argument" used in rational debates, logical proofs, etc., and so merely seek to have an "argument" in the sense of a slanging match and calling each other names...?
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Post by bracknellboy on Jun 27, 2016 7:24:01 GMT
Edit: Having considered your post further - it is possible that I've misinterpreted its thrust. If you are bemoaning the tendency of some members of the forum to cause a thread to be locked or quarantined because they don't understand, or don't respect, the forum rules, then I agree with you. I think it's kind-of the online version of a filibuster - if you can't make any good arguments of your own, simply ensure that your opposition doesn't get the opportunity to continue the debate either. Edit: I also wonder whether the dual use in English of the word "argument" fuels such misunderstandings in those who have no concept of the form of "argument" used in rational debates, logical proofs, etc., and so merely seek to have an "argument" in the sense of a slanging match and calling each other names...? I recall that Michael Palin and John Cleese had something to say on that matter: www.youtube.com/watch?v=hnTmBjk-M0c
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Post by pepperpot on Jun 27, 2016 9:39:20 GMT
I think it's kind-of the online version of a filibuster - if you can't make any good arguments of your own, simply ensure that your opposition doesn't get the opportunity to continue the debate either. Edit: I also wonder whether the dual use in English of the word "argument" fuels such misunderstandings in those who have no concept of the form of "argument" used in rational debates, logical proofs, etc., and so merely seek to have an "argument" in the sense of a slanging match and calling each other names...? I recall that Michael Palin and John Cleese had something to say on that matter: www.youtube.com/watch?v=hnTmBjk-M0cNo they didn't.
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ton27
Member of DD Central
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Post by ton27 on Jul 5, 2016 6:39:55 GMT
...and now just £42 for my MLIA on the latest loan. More withdrawals imminent.
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iren
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Post by iren on Jul 5, 2016 18:36:38 GMT
Yes. I've just found I've hit the tipping point where I can't be bothered reading the loan proposals for the smaller loans any more, as the low allocations mean it's no longer worth the effort: not just initially, but reading and considering the updates during the life of the loan.
I'm not the kind of person who finds the QAA, GBBA etc attractive, other than for a low level of cash awaiting MLIA investment.
I've now gone into reverse on my level of investment for the first time.
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bababill
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Post by bababill on Jul 7, 2016 0:19:20 GMT
Agreed with your sentiments exactly iron.
With a heavy heart in the last 24 hours I have cashed out more then half of my portfolio.
I tried convincing myself I can be bothered to read the loan proposals even if the allocation was only £42. But what I can not rationalise is then having funds sitting in the MLIA earning 3.75%. The QAA interest earned is fantastic but even having money stuck in it for one month lowers my weighted average return too much.
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bigfoot12
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Post by bigfoot12 on Jul 7, 2016 8:04:12 GMT
I haven't 'flounced off', but over the last few months I have sold a few things that I am unhappy with, I have sold a few more since the referendum. Others have matured or repaid early and my new purchases have been a tiny fraction of those (because my allocation was small not because I haven't wanted to lend). I no longer bother reading or bidding on any loan less than £300k. I might consider the GBBA, but as I have never had an explanation of how the provision fund works I can't at the moment. So I too now have half of the amount I imagined I might have. If the wind turbines repay soon that will be down to about a third.
So for me there hasn't been a final straw, just a steady decline.
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ton27
Member of DD Central
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Post by ton27 on Jul 7, 2016 12:12:11 GMT
I agree - although it is headed "The final straw" for me it will also be a gradual (or not so gradual as I have £12k in WTs about to be redeemed) reduction.
To further demonstrate the issue, the last allocation received in my MLIA was for less than £40.
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oldgrumpy
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Post by oldgrumpy on Jul 7, 2016 12:32:54 GMT
Yes. For me it is not the last straw meaning: "I'm off and selling up completely", rather it's the last straw: " I cannot invest my existing repayments so I will not be able bring any more new funds onto the platform". AC have got round this by offering lots of cashback for new investors putting £2000+ new money via a Moneysupermarket promotion. Allocations will fall further. AC's answer is that they would have preferred it next month but had to organise it six months ago (and presumably had no facility to defer it). What a pity they have made so many optimistic forecasts over the last eighteen months to two years about deal flow (and are still doing so). There are 12 deals showing for possible July drawdown. I forecast (optimistically) we will be lucky to get four (edit, maybe five  ), probably well after the batch of Wind Turbines pays back. That's a lot of cash with almost nowhere to go. AC, don't protest (we'll do that ) - just accept as we do that the situation exists and is ongoing. (How much of that £3M forecast for the last week in May actually made it by the end of June - thus replacing what was forecast for June .... ? BUT IT'S ALL GOING TO CHANGE SOON (AT MORE MODEST RATES) AND WE'LL BE GETTING CREAM WITH OUR JAM!  |
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Post by andrewholgate on Jul 7, 2016 16:29:59 GMT
I'm happy to say there will be loans coming this month.
I'm not committing to value though.
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ton27
Member of DD Central
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Post by ton27 on Jul 8, 2016 12:07:12 GMT
Very wise - you cannot then be criticised for getting it wrong and it is always going to be difficult to predict; however with such miniscule allocations for the MLIA and lots of loans being repaid I doubt it will do much for us DIY investors, leading to a continuing reduction in funds invested.
In terms of getting funds onto the platform, the QAA etc. has been a great success for AC, but how much has left/is going to leave because of the dearth of opportunities to invest?
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), probably well after the batch of Wind Turbines pays back. That's a lot of cash with almost nowhere to go.
