ashtondav
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Post by ashtondav on Jun 11, 2020 13:14:58 GMT
I started lending when the black box was introduced, october 2018? I bunged in about £29000. I now have about £31500. Always had re-invest on and never withdrawn or sold anything. Have zero interest in micro managing at any more granular level - like most black box punters after a simple life.
As for the future? Who knows anything about the future with a risk asset, but banks have been lending to businesses for a few centuries and have survived several wars, plagues and depressions. I’m guessing the world will get through this and as all my risk investments are made with a 10 to 15 year view (shorter term I’m in savings and premium bonds) I think i’ll Be ok. But hazard a guess at a % - i’ll Leave that to better experts than me.
Stay safe and good luck!
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ashtondav
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Post by ashtondav on Jun 7, 2020 8:02:03 GMT
Irobot I’m afraid that is very uninteresting. “Slow” would suffice. Or just some weekly progress?
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ashtondav
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Post by ashtondav on Jun 4, 2020 8:04:29 GMT
Course he didn’t double his money. Talking boll0x.
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ashtondav
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Post by ashtondav on Jun 3, 2020 7:09:01 GMT
Why is my projected return still stated as 6% in the May statement?
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ashtondav
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Post by ashtondav on Jun 2, 2020 7:38:40 GMT
The rates on offer, if sustainable, are outstanding compared to risk free rates on offer which are around 1% to 1.2%. A 100% premium would imply a rate of 2% to 2.4%. To get 3.7%+ is a damn good deal if you want income and have no immediate need to withdraw capital.
As all my risk investments (bonds, equity and p2p) have been made to generate income fluctuations in, or access to, capital are less important and to me. I have BS accounts for capital sums I may need for major expense items. If access to short term capital is important you should not be in any risk asset.
Which is not to absolve AC from incorrectly labeling its accounts as “access”
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ashtondav
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Post by ashtondav on May 31, 2020 8:28:55 GMT
Hmmm... you're a risk-junky IMO - I mean that in the nicest possible way I get the distinct feeling (and really, I have absolutely no expertise in investing - think I'd be here if I did?) that those who drive market prices (them dirty active investors ) are suffering from recency bias. Remember, the apocalyptic warnings during the GFC that resulted in share prices diving (didn't the S&P lose 50% or something?) because they expected earnings to be hit for several years. In the end prices rebounded pretty quickly considering and the rise has been pretty meteoric until early this year. Is the market expecting the same this time around, I think it just might be because from where I sit the risks are hard to quantify and certainly hard to justify when the S&P is down just 10% or so from the peak. Interesting to look at historic bond yields too. Back in 2008 the 10 year UK Gilts were over 3% (base rate fell to 0.5%), and now they're under 0.2% (base rate is at 0.1%). That implies the markets were expecting rate rises back in GFC but now they expect stimulus measures to keep rates hovering around 0% for the foreseeable future. Is that realistic? Far too little upside in P2P but plenty of downside (if only from the lack of liquidity) given the uncertainty at present. No, it took years for dividends and indexes to recover. But the FTSE 100 remains over 15% below its 1999 level. No capital increase in 21 years (but dividends have been paid of course).
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ashtondav
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Post by ashtondav on May 29, 2020 11:18:03 GMT
Many took a payment holiday before the first payment. FC - fecking
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ashtondav
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Post by ashtondav on May 21, 2020 8:28:28 GMT
If I had realised p2p was high risk, would I have...
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ashtondav
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Post by ashtondav on May 6, 2020 10:21:11 GMT
There will be a very big loan market.
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ashtondav
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Post by ashtondav on Mar 18, 2020 14:00:31 GMT
Very quiet here. In fact...
...theres a kind of hush
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ashtondav
Member of DD Central
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Post by ashtondav on Mar 18, 2020 13:15:24 GMT
Well, they can only transfer cash and that means selling your loans.
And that ain’t happening.
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ashtondav
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Post by ashtondav on Mar 13, 2020 17:40:50 GMT
My loan portfolio is considerably better off than my equity portfolio right now. Anything more than 1% in the last week makes me smile.
And the share price was up 3% today.
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ashtondav
Member of DD Central
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Post by ashtondav on Mar 13, 2020 10:25:41 GMT
How best to remain in the 20% who don't get it, if youre over 12
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ashtondav
Member of DD Central
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Post by ashtondav on Mar 12, 2020 13:42:10 GMT
IMHO, RYI speed varies and within 5 working days is not too bad at all. The longest RYI time I experienced was 2 weeks to receive funds sometimes last year. It's still much better than the 1.25% club The 1.25% thread must be the most boring in history. OK it's slow. We. Get. It!
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ashtondav
Member of DD Central
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Post by ashtondav on Mar 9, 2020 21:22:41 GMT
Why is the ftse the worst index to follow? Cos it’s full of 19th Century cr*p like banks, miners, oil companies & fags. Nothing sexy and new like Facebook, Amazon, Apple, Microsoft, Netflix, Tesla. It’s just full of unimaginative old world cr*p. Which is why the FtSe100 is at the same level as 1998 1999. s&p500 still up 300% from 2009
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