awk
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Post by awk on Oct 19, 2016 20:22:20 GMT
I thought that this probably needs a new thread to find the WINNER pom said she was £171 from getting her initial (£1000) back. I've just had a sale, which means I now need £206 (although I probably need another £50 to cover the tax bill on the interest) Is anyone nearer to a cleared profit? |
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pom
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Post by pom on Oct 19, 2016 20:26:41 GMT
LOL... I wish.. 191 to go  and nope I hadn't counted the tax  |
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arbster
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Post by arbster on Oct 19, 2016 20:39:13 GMT
Don't forget to include in your calculation the opportunity cost of having your money locked up there instead of somewhere paying 8-12% interest over the period  |
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pom
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Post by pom on Oct 19, 2016 20:51:53 GMT
Don't forget to include in your calculation the opportunity cost of having your money locked up there instead of somewhere paying 8-12% interest over the period I'll worry about that AFTER I've got my initial capital back (not like I'm gonna suddenly change my mind to stick around after all, so becomes academic)
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awk
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Post by awk on Oct 19, 2016 20:52:40 GMT
Don't forget to include in your calculation the opportunity cost of having your money locked up there instead of somewhere paying 8-12% interest over the period Thanks for that arbster , I was hoping that starting a competition would cheer me up ! I guess if I had been earning 12%, then the tax bill would have been even higher - and at least they updated the tax statement to exclude the bonus - which saved me £60. BUT, you don't say how much spondoolie you've extracted ? Are you in the race?
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arbster
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Post by arbster on Oct 19, 2016 20:56:38 GMT
Nah, I'm going to let things run their course, unless I see anything particularly alarming and can get out of the next bad loan before it goes pop. My view is that they'd have to be pretty unlucky for them all to go bad, and the interest rates on the good ones are in many cases above 12%, so it seems a shame to turn those down. Maybe I'll regret it, but I do still have some of my bonus left, so it feels like there's a buffer there too.
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SteveT
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Post by SteveT on Oct 19, 2016 21:28:30 GMT
I need to retrieve just under £190 more to get there
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ablender
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Post by ablender on Oct 19, 2016 23:26:55 GMT
Nah, I'm going to let things run their course, unless I see anything particularly alarming and can get out of the next bad loan before it goes pop. My view is that they'd have to be pretty unlucky for them all to go bad, and the interest rates on the good ones are in many cases above 12%, so it seems a shame to turn those down. Maybe I'll regret it, but I do still have some of my bonus left, so it feels like there's a buffer there too. May I tempt you to buy my parts?
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Post by GSV3MIaC on Oct 20, 2016 19:35:49 GMT
One of the problems here is that they can't buy YOUR parts, only some amalgamated sludge cobbled together from several sources, all unspecified. If I could make someone buy/sell my parts (or buy parts from reliable sources) I might be more chuffed. 8>.
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awk
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Post by awk on Oct 25, 2016 7:23:58 GMT
Another sale yesterday (the company which will fix your desktop computer)
so, now only £184 to go !
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adrianc
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Post by adrianc on Oct 25, 2016 8:41:50 GMT
Another sale yesterday (the company which will fix your desktop computer) so, now only £184 to go ! £400 sold, £530 (sellable) to go...
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r00lish67
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Post by r00lish67 on Oct 26, 2016 10:08:05 GMT
It's become an achingly slow process. £400 sold in the first 2 weeks, and now down to the odd fiver here or there.
The scary thing is that this is how it's going with no loans on the primary marketplace and a big new push for lenders on. Still, maybe the S*B will spend their £2.75 million buying our shrapnel? Very happy for them to have it.
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ablender
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Post by ablender on Oct 26, 2016 10:50:59 GMT
It is not that there are no sales. There are sales, although slow. The problem I see is the selection process that LC uses, a process that I have to stress is opaque and cannot be vetted. It puts at a disadvantage the lenders which happen to be at a particular interest range and most of all disadvantages the buyers who cannot select the best product. I cannot see how such a system is allowable under FCA rules. And yes, lendingcrowd, I will accept an offer to be accompanied to visit FCA. |
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awk
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Post by awk on Oct 26, 2016 11:30:11 GMT
After a quiet spell, I've just had 2 sales in the past 24 hours.
Maybe their latest offer is pulling in new punters.
Anyway, £840 now withdrawn, so only £160 to recoup my investment (with about £350 on active sale and £40 disabled)
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Post by lionelrichtea on Oct 26, 2016 12:53:34 GMT
In 10 days I've had 18 sales with 4 of them coming in the space of one hour today.
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and nope I hadn't counted the tax 
