andyb
Posts: 69 
Likes: 36
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Post by andyb on Jan 9, 2017 13:58:15 GMT
Hi all, my final loan parts are now for sale. I have had a great year here on ss but things just feel different now, it just doesn't feel right anymore if that makes sense. Kind of like a sinking ship.
I have slowly been moving my funds across, rightly or wrongly to the variety of European services which I have been really enjoying!
I would just like to thank everyone here who does due diligence on this board and posts for other users, it has been a great help.
Andy
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toffeeboy
Member of DD Central
Posts: 538
Likes: 385
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Post by toffeeboy on Jan 9, 2017 14:04:29 GMT
Hi all, my final loan parts are now for sale. I have had a great year here on ss but things just feel different now, it just doesn't feel right anymore if that makes sense. Kind of like a sinking ship. I have slowly been moving my funds across, rightly or wrongly to the variety of European services which I have been really enjoying! I would just like to thank everyone here who does due diligence on this board and posts for other users, it has been a great help. Andy Hi Andy, what do feel has changed in the last year? I only started on SS the last few months so just curious what you feel has changed from before I started on the site.
All the best with the European services.
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Post by supernumerary on Jan 9, 2017 14:06:56 GMT
...but things just feel different now, it just doesn't feel right anymore if that makes sense. Kind of like a sinking ship. Sorry to read you think that good ship Saving Stream is sinking...  Good luck for the future.
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andyb
Posts: 69
Likes: 36
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Post by andyb on Jan 9, 2017 14:10:16 GMT
I just feel like a lot of loans are very overdue and I don't always trust ss explanations of why due to pbl20 handling. The main reason for me quitting though is just a gut feeling that things are going to turn sour soon and I can't stop this feeling. I am probably wrong but if my feeling turned out to be correct and I didn't follow my hunch and ended up with some loans in default I would be mortified. Sometimes you just have to follow your gut feeling  |
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Post by supernumerary on Jan 9, 2017 14:16:46 GMT
The main reason for me quitting though is just a gut feeling that things are going to turn sour soon and I can't stop this feeling. From my own perspective, I am NOT getting any gut feelings, so I shall be staying on with Saving Stream. However, if you don't personally feel it is right, then your own risk tolerance is telling you something, you have to go with it and so undoubtedly you have made the right decision for you.
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andyb
Posts: 69
Likes: 36
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I'm out.
Jan 9, 2017 14:27:18 GMT
via mobile
Post by andyb on Jan 9, 2017 14:27:18 GMT
Yep your probably right. It has been a great journey and quite a lucrative one at that and I will no doubt be back in 6 months to a years time with my tail between my legs. Until then best of luck |
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Post by doorway on Jan 9, 2017 14:30:24 GMT
"European Services"
Andy, can you expand ?
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andyb
Posts: 69
Likes: 36
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I'm out.
Jan 9, 2017 14:40:18 GMT
via mobile
Post by andyb on Jan 9, 2017 14:40:18 GMT
Hi, yes I can expand. I am moving my money from ss and splitting it between TWINO and Mintos. Some would say that I have jumped out of the frying pan and into the fire but I will be honest I feel a lot safer there.
Regards
Andy
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GeorgeT
Member of DD Central
Posts: 1,322
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Post by GeorgeT on Jan 9, 2017 14:52:57 GMT
Well done to Andyb for being proactive and going with his gut feeling. gut feelings are the ones to go for and you are exiting through the door with your money intact so you are a winner. there may be people on here who think you are overreacting and have got it all wrong but you are a guaranteed winner and they may end up as losers and then who was right and who was wrong.
you have walked away from the fruit machine with all your winnings in your pocket. other players are putting their winnings back in the slot hoping to win more.
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toffeeboy
Member of DD Central
Posts: 538
Likes: 385
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Post by toffeeboy on Jan 9, 2017 16:07:49 GMT
Well done to Andyb for being proactive and going with his gut feeling. gut feelings are the ones to go for and you are exiting through the door with your money intact so you are a winner. there may be people on here who think you are overreacting and have got it all wrong but you are a guaranteed winner and they may end up as losers and then who was right and who was wrong. you have walked away from the fruit machine with all your winnings in your pocket. other players are putting their winnings back in the slot hoping to win more. I think technically he is just putting it into a different slot machine rather than walking away from the slots altogether.
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Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
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Post by Liz on Jan 9, 2017 16:13:48 GMT
you have walked away from the fruit machine with all your winnings in your pocket. other players are putting their winnings back in the slot hoping to win more. No, he has just moved from Roulette to Black Jack.
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Jeepers
Member of DD Central
Posts: 818
Likes: 721
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I'm out.
Jan 9, 2017 16:30:56 GMT
via mobile
Post by Jeepers on Jan 9, 2017 16:30:56 GMT
Just walked the plank if you ask me. Wouldn't have thought now is a good time to be holding European investment with the pound being at rock bottom.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Jan 9, 2017 16:37:36 GMT
If you're looking for 12% returns risk-free, then SS is definitely not for you... and nor is any other 10-12% platform! I really do think SS investors have been spoilt, and that is largely due to the "No Capital lost", and only 2 defaults. This is not to be considered the norm. Defaults will happen, and you should expect to be involved; DD is vital to minimise (not elimnate) these risks. Loans running past their term is also to be expected, and it seems SS are getting a tad more aggressive with borrowers which is a good sign. SS is financially sound, has a consistent intake of loans that you can pick and choose and the SM liquidity is good. Yes there are issues, but no reason to bail yet (JMHO) European services... Wow... Good Luck |
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boundah
Member of DD Central
Posts: 368
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Post by boundah on Jan 9, 2017 16:44:58 GMT
Just walked the plank if you ask me. Wouldn't have thought now is a good time to be holding European investment with the pound being at rock bottom. Rock bottom? You ain't seen nothing yet. Moving out of sterling at 1.16 to the euro may seem like a very bright move if the Hard Brexiteers get their way.
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
Posts: 355
Likes: 209
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Post by Neil_P2PBlog on Jan 9, 2017 16:52:36 GMT
Just walked the plank if you ask me. Wouldn't have thought now is a good time to be holding European investment with the pound being at rock bottom. Rock bottom? You ain't seen nothing yet. Moving out of sterling at 1.16 to the euro may seem like a very bright move if the Hard Brexiteers get their way. How the gains from sterling depreciation when invested in Euro loans is taxed is something I still don't fully understand, capital gains or interest/dividend income? If a loss can you offset against tax? I have asked HMRC but they just pointed me to an ambiguous (at least for me) set of documents.
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