ashtondav
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Post by ashtondav on Mar 4, 2019 8:35:33 GMT
-as above - I am expressing displeasure - been about 2 weeks now, so hoping something happens soon, but the opacity of the process is very annoying Maybe irritating but not opaque. If there’s buyers you sell, if not you don’t. Simples!
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ashtondav
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Post by ashtondav on Mar 3, 2019 19:08:22 GMT
I've seen a couple of 'drips' today when 6.3% had almost gone a £36k drip came in (supposedly from about 1400 individual lenders - i know you can't rely on the investor numbers).
Similar occasion later.
Either some big money has left the site or there's a big pile on the way.
Looking forward to Easter!!!
Easter will see the dumb money flooding into ISAs. Rates more likely to be 4.5% to 5% for a couple of months after April 5th.
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ashtondav
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Post by ashtondav on Mar 1, 2019 9:21:22 GMT
Why, in the event of a bed debt, does the PF make the equivalent of an early repayment? Surely it would be better for the PF if it continued to pay the monthly capital and interest payments.
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ashtondav
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Post by ashtondav on Feb 24, 2019 20:02:18 GMT
No probs here my total transfer of all my 30 day money to my instant account took exactly 30days. Could you have made a mistake?
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ashtondav
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Post by ashtondav on Feb 24, 2019 13:29:32 GMT
LFrom a personal perspective I use the RS PF cover as a barometer of p2p health.
The sad reality is the even under the full employment, economically benign conditions of the last few years RS has never been able to consistently exceed its minimum targeted PF cover. In that respect it is systemically incompetent in terms of credit checking and debt recovery.
However it is one of the few published PF coverage ratios and useful as a guide to p2p health. Personally if it dipped below 110% for any length of time it would signal RED - problems ahead and I would sell up. Currently at 111% to 124% I consider the signal to be AMBER.
As as I believe a recession to be on the cards this or next year, I keep a close watch...
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ashtondav
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Post by ashtondav on Feb 23, 2019 18:38:36 GMT
Why does it say 1 to 7 working days ? It basically sounds like a finger-in-the-air guesstimate to me. Not really confidence inspiring tbh. It’s perfectly sensible. Depending on supply and demand you’ll be matched in 1 to 7 days. OK, they could have just said “within 7 days”, but for goodness sake stop reading conspiracy and incompetence into a massive improvement compared to December. i can’t get matched on RS dependably within 7 days at 6.5%. Neither can you. So let’s grow up and be sensible and be thankful that 6.5% is available within a week. Very good, IMHO.
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ashtondav
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Post by ashtondav on Feb 23, 2019 9:19:56 GMT
I think that if T&C change you have the right, under consumer law, to exit with no penalty. Doesn’t affect me but if I were you I would check this out, as I’m pretty sure it’s correct.
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ashtondav
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Post by ashtondav on Feb 22, 2019 20:43:47 GMT
Why am i on this board i dont even invest in zopa. !
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ashtondav
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Post by ashtondav on Feb 22, 2019 20:41:03 GMT
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ashtondav
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Post by ashtondav on Feb 22, 2019 11:13:44 GMT
Aju I had problems with one of my browsers it wouldn't work at all. But tried a different one and it was OK. Its quiet useful for us lazy people. Shows when all my losses occurred and current nar which over two years is now a rather poor 1.2%. It's on summary page iirc. Err, could you tell us which browser... edit: cos I can’t find it using safari on ipad, or Firefox on Lappy.
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ashtondav
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Post by ashtondav on Feb 21, 2019 13:06:37 GMT
I think you're creating a lot of work for yourself with minimal benefit in risk reduction - the way that RS works with its PF, you don't have a problem with failing loans until the PF is stretched to the point where it can't cope, in which case we all have a problem. Worse, if you follow a £10 strategy in the 5 year market, where loans amortise, you will end up with a basketful of loans that you can't sell because they are less than £10. I do split investment lumps in RS, but only into at most three or four chunks at a time, just to reduce the potential impact of early repayments. But if I had a £300 lump, I certainly wouldn't bother splitting it up - complete waste of time, IMHO.
On Assetz Capital I invested £2000. I thought they would do the splitting for me as in other, similar, lending models but no. £500 (25%) lumped on a single borrower who made one repayment and then defaulted.
My lesson was learned. I don't lend on any site that doesn't permit me to slice and dice. So what if I have lots of loans then go below £10? They won't all fail. Your logic doesn't add up and is overly dramatic.
Any news from AC on the recovery or asset sale process. Alternatively any news about a PF payout? I'm still confused by the AC PF rules...
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ashtondav
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Post by ashtondav on Feb 20, 2019 19:32:13 GMT
I simply deposit/invest returns each month, and Set the rates at between 6.3 and 6.5%. If it doesn’t lend out within 5 weeks I simply invest it in lending works, where 6.5% loans are now shifting in 7 to 10 days.
Of the mainstream p2p lenders Zopa mystifies me. How can they keep going, delivering as the do erratic returns that are really quite low. Although I have not been a fan of everything RS do, you do achieve what the headline rate says on the tin. Full marks for that.
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ashtondav
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Post by ashtondav on Feb 19, 2019 17:04:29 GMT
Thanks, I must admit to not being fully into the rules of transfers. The money I wish to move is in an IFISA opened this year with FC (we all make mistakes) and it is that money I wish to move to an Assetz IFISA. Can I open a new IFISA with Assetz this year and transfer this year's FC ISA? It's only a few weeks to go but the amount that can be cashed from FC is getting worse, not better! you can only do a full transfer of the FC to Assetz for current tax year. Has to be cash though, so if there are investments stuck they will be lost from your ISA allowance (AFAIU - I haven't done an FC transfer - some platforms may not let you do it if you have some stuck and can't transfer it all) Or wait until 6 April and do a partial transfer of previous years so that you don't lose any ISA allowance for the stuck investments and also open up a new one at AC.Yes, unsellable loans are transferred to a non isa account and you lose the tax advantages on that amount.
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ashtondav
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Post by ashtondav on Feb 19, 2019 13:17:59 GMT
Everyone, everywhere, with most financial products can cancel within 14 days.
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ashtondav
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Post by ashtondav on Feb 19, 2019 8:44:43 GMT
5 year down at 4.6% right now for the dumb money...
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