PBL165 - 250 L******** Lane, Preston REPAID

7%... they're testing how low they can go!

That' getting towards equity/bond yields e.g. Wasps 2022 bond 6.5% current gross redemption yield 6.05%.... and you can wrap it in an ISA
www.hl.co.uk/shares/shares-search-results/w/wasps-finance-6.5-2022

I was willing to take a punt at 10% but at this rate would prefer to invest elsewhere, SS are now pushing it to far, will still invest at higher rates but as other people have pointed out, gone are the days of a small company. We have all become cash cows. Still like the platform but some people will invest in rubbish all that is seen is 12%, good secondary market the only saving grace, when that goes SS becomes another also ran.

They have to be joking at 7%

Still I bet it will fill somehow or other but not with my cash!

LW

PBL20 never cost them anything only potential profits, as for the new loan not one I will be investing in either.

And for a moment you caught me out as I was wondering why this hadn't gone live - Budget Day/Wednesday is the 8th 

I look at my personal SS loanbook and I'm stuffed with 12% loans and a couple of 11%s. But the remaining terms are reducing down to my bail out dates and there's nothing new coming through that looks decent enough for me to invest in.

My only conclusion when I look at my remaining loan terms is that the size of my investment in SS will steadily decrease over the coming months to the point where I will be out altogether in about 6 months time, and mostly out in 4 months time.

I just hope I can exit gradually over that period without losses. If I do, I will look back on SS with fondness and be thankful for my double digit returns.

But nothing lasts forever.

I fear the heavy SS advertising has attracted a lot of uninformed building society 'savers' who are still being blinded by 7% or 8% when they compare it to what their High Street bank is offering - but who may come a cropper. Sadly some of those people seeking a decent return on their life savings may be the people who can least afford to lose any of their money and I wonder if we may end up seeing Iceland type protesters demanding state compensation and claiming mis-selling - even though they were stupid and naive and should have read the small print. At least I understand the risks and if I end up losing any of my capital I will take it on the chin and accept I knew what I was getting into. I won't be losing my house, my car and I will still have sufficient wealth to maintain my lifestyle. I fear some others may feel greater pain.