ashtondav
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Post by ashtondav on Dec 16, 2020 9:07:45 GMT
based in my confidence that Zopa will be one of the survivors, and that I’m happy with anything that pays more than a BS I transferred 999£ yesterday. Now based on the rants on the AC, RS, FC threads wanting to sell and exit I expected my money to be invested pretty quickly. But is that the case? Does anyone know how long it takes to get invested.
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ashtondav
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Post by ashtondav on Dec 11, 2020 9:07:17 GMT
If interest rates go much lower you won’t have to wait long. 0.5%? Might as well risk p2p.
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ashtondav
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Post by ashtondav on Dec 10, 2020 9:38:09 GMT
>2% is not unpalatable if the alternative is a tax fine. Maybe discounts will go up as end Jan appproaches...
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ashtondav
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Post by ashtondav on Dec 9, 2020 9:31:43 GMT
Zopa have been doing this (but not to hedgies) for years. Can’t see what the problem is - especially if you’re an FC lender.
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ashtondav
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Post by ashtondav on Dec 9, 2020 9:28:55 GMT
January is not quiet! It is one of the busiest months of the year for lenders - especially to retail borrowers. In the good old days (2005-2009) at Zopa you shift a truckload of money at good rates Why would AC be lending to retail borrowers, they never have and never will. Comparing apples and oranges there, maybe just a miss comm? The businesses which AC originate traditionally are hard-pressed for survival and our still heavily involved with free grants of the sorts. If AC recommences borrowing on AA's, I would expect it to be few & far between until Spring. However, the confidence of re-lending would far outweigh the real term effects on the Portfolio in the short term (positively) Didn’t make myself clear. January is a busy month for lending to business, and especially busy for retail lending.
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ashtondav
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Post by ashtondav on Dec 8, 2020 12:18:07 GMT
As I’ve said before whilst there’s “noise” about lending in it’s various forms - CBILS, MLA-underwritten, retail-whatever-that-means - there is little actual lending that I can see. For all the random bits on various MLA loans - tranche-loans or refinance - there’s very little evidence of CBILS drawdowns. There’s still been only one MLA-underwriten new loan. With traditionally quiet months of December and January upon us the wait for new lending signs will need to be put on hold for a few months. Let’s hope the waiting followed by two months or more of “on hold” isn’t followed by more waiting! And that’s just waiting for signs of new lending!!! January is not quiet! It is one of the busiest months of the year for lenders - especially to retail borrowers. In the good old days (2005-2009) at Zopa you shift a truckload of money at good rates
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ashtondav
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Post by ashtondav on Dec 1, 2020 18:57:05 GMT
Hmmm. Kinda expected that the FC posters wouldn't be jumping for joy.
Just buy Bitcoin!
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ashtondav
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Post by ashtondav on Dec 1, 2020 12:13:25 GMT
FC growth and profit outlook improves
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ashtondav
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Post by ashtondav on Nov 27, 2020 9:44:09 GMT
I made a transfer isa request from zopa at 7pm on Wednesday, e mail recieved thursday from zopa confirming transfer recieved , e mail recieved today from new provider confirming funds credited to my account... very impressed at the speed which both organisations have worked. Anyone seen a quicker transfer? Who did you transfer to?
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ashtondav
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Post by ashtondav on Nov 11, 2020 14:57:33 GMT
Interesting to hear those who say AC can’t be trusted. Of my major investments in p2p I much prefer AC’s approach in this pandemic to that of RS and FC. Zopa is an exception of course as it is business as usual there, except for lower returns. Thankfully I largely exited LWorks and FS.
i have no pressing need for return of capital, so interest payments are my priority. However I could currently sell on the secondary market for c£2,400 and I’ve had £8,000 of interest so not unhappy even if “forced” to sell.
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ashtondav
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Post by ashtondav on Nov 11, 2020 10:22:09 GMT
Is anyone on this board buying at 4%? And if so your reasoning.
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ashtondav
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Post by ashtondav on Nov 4, 2020 12:47:34 GMT
I reckon my inflation rate is about 3% pa. So I’d get a guaranteed loss of about 2%pa.
i think i’ll Still have some risk money in AC and Zopa. Almost keeping up with inflation with them
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ashtondav
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Post by ashtondav on Nov 4, 2020 8:17:16 GMT
Why is Zopa NA?
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ashtondav
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Post by ashtondav on Nov 2, 2020 18:00:09 GMT
although a bit moot now considering both have stopped lending and borrowing! Which is why Zopa remains interesting. Business as usual there - yes, I know usual caveats about achieving returns apply
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ashtondav
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Post by ashtondav on Nov 2, 2020 17:57:21 GMT
my personal view is to have a portfolio of p2p, gold, bitcoin, equity, private equity, infrastructure, and bonds. I wouldn’t demonize any of them. They all have their place - FOR INVESTORS WHO KNOW WHAT THEY’RE DOING.
Well I do know what I'm doing, and put it this way .... some of us like to sleep at night.
What you have done there is enumerate a list of predominantly high risk investments (or so-called "investments" in some cases). The only possible lower risk exceptions on your list are equities (as long as you don't dabble in the wrong corners of the stockmarket - illiquid micro/nano/smallcaps) and bonds (as long as you don't go for junk bonds).
For example, I know people who work in private equity and frankly I wouldn't give them a penny that I found on the street, let alone any of my own money. Its a horrible business and quite frankly they're not interested in anyone but themselves, and that includes no interest in giving you assurance on any sort of return on your money.
Is the money you've got in "p2p, gold, bitcoin, equity, private equity, infrastructure, and bonds" really money you can afford to loose ? I jolly well hope so !!!
Er, so where do you “invest” - the building society? Of course I have a substantial sum of cash and if the world fell out of my more speculative investments my pensions are sufficient to maintain my lifestyle. Everyone has different needs. I was merely pointing out that a diversified portfolio is a good idea. Oh, and just because you don’t like the PE mob doesn’t mean you can’t have a few shares in them and share the rewards of their dubious deals!
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