ashtondav
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Post by ashtondav on Feb 9, 2021 9:22:52 GMT
Last 12 months £650 on £18,600, c 3.5%, so half what i was expecting 2 years ago but I’m not unhappy with crushing my risk free interest rates, in the middle of a global pandemic, and about in line with my rates from AC and Z.
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ashtondav
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Post by ashtondav on Feb 7, 2021 10:19:56 GMT
But if you have that much doubt about the “jury” you can get your money out at 0.1% and have made decent interest over the last year. Much better than the 0.5% at the BS.
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ashtondav
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Post by ashtondav on Feb 5, 2021 17:53:02 GMT
Yes, we cant be any more than three months away from "normal conditions". Compared tomany AC have navigated this pandemic well with interest continuing to be paid, albeit subject to a lender fee - quite justified in the worse crisis since WW2.
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ashtondav
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Post by ashtondav on Feb 2, 2021 15:08:39 GMT
If that is the case are AC being duplicitous in allowing reinvestment into what is guaranteed to become a deteriorating product. Also, if that is the case I would expect discounts to be gradually moving higher and higher reflecting the increased deterioration of the loan book and increased bad debt?
Some time back someone posted their calculation of the appropriate discount rate and Stuart - who at the time had the decency, common sense and business acumen to communicate with his paymasters and customers, actually challenged some of the assumptions
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ashtondav
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Post by ashtondav on Feb 2, 2021 9:41:10 GMT
I loved the RS product, and made good returns.
Now I’m left with Zopa and AC, and have started dabbling with loanpad And Proplend but their small size is a concern, despite operating successfully over the last year.
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ashtondav
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Post by ashtondav on Feb 2, 2021 9:33:30 GMT
Yes, the majority are not exiting. I’ve got a patient 10k waiting for 0.8%. If it doesn’t get there by month end, I’ll split between loanpad and Proplend, as I ought to diversify even though I like the AC product.
Please start AA lending again AC!
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ashtondav
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Post by ashtondav on Jan 29, 2021 16:58:05 GMT
Did Assetz write that if there would have been a Brexit deal, then they would have increased the speed of withdrawals in January? Email just received saying speed of withdrawal increased
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ashtondav
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Post by ashtondav on Jan 29, 2021 16:56:17 GMT
Until they require more retail funds and restart lending, no. Maybe sometime in summer.
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ashtondav
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Post by ashtondav on Jan 29, 2021 8:29:50 GMT
Hmm, surprised so many are “investing” into safe products guaranteed to lose money after inflation.
i’m reinvesting the majority of repayments in ac and Zopa, as they both look like survivors to me. The balance I am putting into loanpad and Proplend, both of whom seem to be managing in the pandemic.
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ashtondav
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Post by ashtondav on Jan 22, 2021 10:33:44 GMT
Ok, decided to test the market and placed a withdrawal of £10k at 0.5%. Will I get a nibble...
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ashtondav
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Post by ashtondav on Jan 21, 2021 8:57:23 GMT
Happy to have sold some at 0.7% and 0.6% discount. Last remaining chunks available at 0.5% and 0.4% then I am out of the AAs. Just sold £2k at 0.6%. Nearly out of my personal accounts, but my business account I'll leave alone for now. 10 months ago I was concerned I would lose the lot (well into 6 figures), so where we are today comes a a massive relief for me. AC have not managed the situation faultlessly, but they have done well all things considered. Highly unlikely you would have “lost the lot”. In fact I fail to see how that could happen, especially if you’d been lending for a few years.
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ashtondav
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Post by ashtondav on Jan 19, 2021 13:42:20 GMT
Great news ....would expect a fall to sub 0.5% 1/2/21 Not entirely sure why people would invest with so low a discount without the end of the queuing system/tiny liquidity - but then I am a seller at current ~1% discounts (just got some out at 0.9%)! Because the interest rate is >6x the risk free rate. And you can now exit at <1%. Personally I am investing repayments in loanpad and Proplend but only because I am ridiculously overweight A/C in my p2p portfolio.
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ashtondav
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Post by ashtondav on Jan 18, 2021 15:20:09 GMT
Been with Zopa 15 years. Never did listings but really enjoyed the January surge when you could fish for nice juicy rates and fill yer boots. Happy days.
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ashtondav
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Post by ashtondav on Jan 18, 2021 14:05:28 GMT
Will Z do something for make us will good for their wrongsHmmm. And translated that means, what.
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ashtondav
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Post by ashtondav on Jan 18, 2021 8:49:59 GMT
The vast majority who continued to reinvest in Zopa made money. Those who have sold are, of course, left only with bad loans. Zopa continue to lend retail money, but none of the other big boys are able or willing to do this.
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