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Post by meledor on Dec 27, 2016 10:18:35 GMT
I've gone for "Decrease total invested and move funds to outside P2x" which would be merely a continuation of the last 6 months as I've started to reduce my exposure to P2P and have increased investment in equities to benefit from the Brexit followed by Trump rallies. Of course there could be a downturn in equities in 2017 but were that to be the case I would want to rebuild cash balances rather than increase investment in P2P as it has a late cycle feel to it with declining credit quality. SS will probably remain my largest platform as it is the one I am most pleased with - no defaults for me and generally good communication on the loans I have invested in. I know others will disagree on the last point but if you have a loan where you feel the communication is not up your standard it is usually very easy to sell it and move on. I'd disagree with your second to last point personally. If equities go on downward slopes in 2017 that's probably a good time to buy more equities (or at least stay still) and not a great time to sell, no? Beyond trying to buy some index tracker funds (like everyone else) at 8am on Brexit morning, I haven't touched equities for the last 6 months as our 'rally' is largely a reflection of the weakness of Sterling. Would love to though, as I'm overweight in cash and P2P. In general I agree with your point but it is a question of timing. In the past after a sell-off in equities I have made the mistake of putting more money into equities far too early and then seeing prices continuing to fall, so I think if there is a bear market in 2017 it might go on for a while and I would be better waiting and building up cash until I was sure we had hit the bottom.
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hazellend
Member of DD Central
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Post by hazellend on Dec 27, 2016 10:44:26 GMT
Meledor, if only it was so easy.
Unfortunately market timing doesn't work and nobody knows where the bottom or top is.
I just buy vanguards all world tracker at current market price and hold for 20 years +
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dan83
Posts: 243
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Post by dan83 on Dec 27, 2016 14:57:54 GMT
Given that there are options which some times are better than 12%, I will try to get to these opportunities first. What are these opportunities you speak about?
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Dec 27, 2016 15:02:23 GMT
Given that there are options which some times are better than 12%, I will try to get to these opportunities first. What are these opportunities you speak about? FS often have loans over 12%, sometimes with CB, and if you're lucky enough to be able to access the bonus you could get up to 17% MT have the odd 13% loan
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ablender
Member of DD Central
Posts: 2,204
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Post by ablender on Dec 27, 2016 15:06:41 GMT
What are these opportunities you speak about? FS often have loans over 12%, sometimes with CB, and if you're lucky enough to be able to access the bonus you could get up to 17% MT have the odd 13% loan + MT occasional 18%. There is ABL too; 14%.
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treeman
Member of DD Central
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Post by treeman on Dec 27, 2016 15:38:40 GMT
Recently drawndown ABL offering was at 16% ....
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ablender
Member of DD Central
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Post by ablender on Dec 27, 2016 16:15:08 GMT
Recently drawndown ABL offering was at 16% .... Yes, I remember it. Thanks for adding it to the list.
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Liz
Member of DD Central
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Post by Liz on Dec 27, 2016 17:16:28 GMT
What are these opportunities you speak about? FS often have loans over 12%, sometimes with CB, and if you're lucky enough to be able to access the bonus you could get up to 17% MT have the odd 13% loan It's a shame we can't club together to get that 17%. Oh well my 13.5% is better than most.
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n
Member of DD Central
Yet another Nick
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Post by n on Dec 27, 2016 17:24:33 GMT
FS often have loans over 12%, sometimes with CB, and if you're lucky enough to be able to access the bonus you could get up to 17% MT have the odd 13% loan It's a shame we can't club together to get that 17%. Oh well my 13.5% is better than most. We could call it p2p2p.
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Liz
Member of DD Central
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Post by Liz on Dec 27, 2016 17:27:56 GMT
It's a shame we can't club together to get that 17%. Oh well my 13.5% is better than most. We could call it p2p2p. 19 people wire me £5k each and I will bid for the £100K. I will call it p2f 
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Post by GSV3MIaC on Dec 27, 2016 19:33:26 GMT
/mod hat off I think RS have already cornered the market on mugs, Liz. |
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