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Post by onion12 on Mar 29, 2017 13:16:52 GMT
I kind of think it will be back to normal next week if you think about it there is interest to come plus all those that have put money back into cash isa will want to move it back out on 6th me included
and there is not much els to put it in at the minute
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ben
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Post by ben on Mar 29, 2017 13:17:17 GMT
Extreme care now required. Since inception the sm has of course been very liquid. Each time it has become clogged, SS seem to have 'thinned' the pipeline. Looking at things now, SS suddenly seem to need a constant pipeline - yet the sm says different. The lowering of rates was the initial warning, the second warning, in my opinion, is the increase in the pipeline even when the sm has largely ground to a halt. Escape routes are being blocked off, the warning signs are flashing more so than they have ever been. All imo. Extreme care was not required before?
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bg
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Post by bg on Mar 29, 2017 14:01:26 GMT
I kind of think it will be back to normal next week if you think about it there is interest to come plus all those that have put money back into cash isa will want to move it back out on 6th me included and there is not much els to put it in at the minute I don't really understand why anyone would put money in a cash ISA with rates where they are....save if they were parking it until they could transfer it into another form of ISA. But that aside, why would you want to move your cash out of a tax wrapper after April 6th? Why bother putting it there in the first place?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 29, 2017 14:03:59 GMT
I kind of think it will be back to normal next week if you think about it there is interest to come plus all those that have put money back into cash isa will want to move it back out on 6th me included and there is not much els to put it in at the minute I don't really understand why anyone would put money in a cash ISA with rates where they are....save if they were parking it until they could transfer it into another form of ISA. But that aside, why would you want to move your cash out of a tax wrapper after April 6th? Why bother putting it there in the first place? To keep the allowance for future opportunities/years
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bg
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Post by bg on Mar 29, 2017 14:05:47 GMT
I don't really understand why anyone would put money in a cash ISA with rates where they are....save if they were parking it until they could transfer it into another form of ISA. But that aside, why would you want to move your cash out of a tax wrapper after April 6th? Why bother putting it there in the first place? To keep the allowance for future opportunities/years Agreed but he's saying he's moving it back out on April 6th
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 29, 2017 14:09:38 GMT
To keep the allowance for future opportunities/years Agreed but he's saying he's moving it back out on April 6th Flexible Isa, I shall be doing the same until a suitable tax free investment appears
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dan83
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Post by dan83 on Mar 29, 2017 14:13:36 GMT
If all loans was still 12%, do you think it would be any different?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 29, 2017 14:18:55 GMT
If all loans was still 12%, do you think it would be any different? I think the removal of INPL had a bigger effect on the SM. However, 12% loans throughout would have seen a better uptake of the recent 10% & 11% large loans. This is a marketplace that is reacting to conditions. The platform has had many new loans, little time to settle after the new rules (and lower rate loans); after some repayment and the interest run it'll be back to a liquid SM. However, please note... this is not a game. The SM is there as an exit if there is a buyer, and a buyer is not guaranteed. Invest with the assumption you will be holding to term, and see the SM as a useful tool if you need your funds (if the conditions allow you to do so). Don't assume you are smarter than the wider investor base
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Post by Deleted on Mar 29, 2017 14:24:17 GMT
We may be being forced into looking at SS less as a high interest rate, instant access account and more as an investment vehicle where investors do DD and then make investment choices they are prepared to hold until term. Strap in and dial up your bargepoledar it could be a bumpy ride 😎. Certainly time to be reducing the value of your individual investments in Lendy/SS loans as well
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Liz
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Post by Liz on Mar 29, 2017 14:25:45 GMT
If all loans was still 12%, do you think it would be any different? I do, yes. Lots of investors and their funds have moved on to pastures new since lower rates were announced.
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Post by Deleted on Mar 29, 2017 14:29:20 GMT
The people concerned are the people who see the dynamics of this platform changing, and may need to adapt. If I'm a mug, I've been a very successful one since the early days of SS, when floaty things were ever so popular. Were you deliberately trying to get a rise with provocative language? No I just wanted to get my point across without a load of flowery language beating around the bush - no offence meant, it's just that some people seem to see the SM as an "entitlement" to sell whatever they want whenever they want. Not saying anyone is or is not a mug (though given no one has lost a penny on SS to date I am not sure how you define relative "success"...), the real mugs will be those who fail to adapt as you imply. That will definitely be necessary on SS and indeed P2P as a whole and indeed all asset classes! Shock horror those who adapt to changing market conditions do best overall... ah, the "bigger fool" strategy 
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Post by onion12 on Mar 29, 2017 14:39:06 GMT
I kind of think it will be back to normal next week if you think about it there is interest to come plus all those that have put money back into cash isa will want to move it back out on 6th me included and there is not much els to put it in at the minute I don't really understand why anyone would put money in a cash ISA with rates where they are....save if they were parking it until they could transfer it into another form of ISA. But that aside, why would you want to move your cash out of a tax wrapper after April 6th? Why bother putting it there in the first place? Iv had all my cash isa earning 12% this year but need to put it back to keep isa wrapper and I'll be putting it back into loans after 6th until a decent ifisa comes out that pays enough without being riddled with charges then put back into cash isa and transfer if I can't get a decent ifisa then as soon as stocks drop a decent amount I'll push it that way for an easy life
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brummiefred
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Post by brummiefred on Mar 29, 2017 14:47:37 GMT
But presumably you still pay tax on the p2p interest?
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Post by jackpease on Mar 29, 2017 14:49:26 GMT
I do, yes. Lots of investors and their funds have moved on to pastures new since lower rates were announced. I know loads of forumites have said that - is there a way of comparing 'number of investors before' and 'after'? My suspicion is that some of have left, and many have joined, and I wonder if any forumite would admit to leaving and coming back having failed to get funds away on the likes of MT? Jack P
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seeingred
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Post by seeingred on Mar 29, 2017 14:58:46 GMT
There are two central questions for 2017.
1. When (if) F-ISAs start to be offered by the major P2P platforms. This has been with the FCA for nearly a year now.
2. Smooth cost-free mechanisms for 'transfer' of non-ISA P2P loans into an ISA wrapper. HMRC will not allow straight transfer, there has to be a sell it and buy it back procedure. Will any major platform smooth the way somehow for existing investors or (likely) will they be so swamped by new money from new investors keen to get 10 to 12% tax free?
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