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Post by Duane Dibley on Sept 10, 2015 22:40:27 GMT
Then the big "roll back" undid all my new settings, and anyway I'd realised before any damage was done. Lucky you. I've ended up with twice as much invested in a home for geriatric scousers than I actually wanted and obviously now I'm unable to sell. Oh for a simple website.
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Post by Duane Dibley on Sept 9, 2015 22:31:22 GMT
In other words what a mess. It's a dog's breakfast. That is if your dog's scoffed a bumper pack of Cadbury's Buttons and then regurgitated it all over the kitchen floor before paddling it all round the house. I assumed, quite naturally in my opinion, that "Invest Up To...." means 'Invest Up To' and so went through all my investments and set my targets accordingly, but no no no "Invest Up To...." doesn't in fact mean 'Invest Up To' it means 'Buy More Of'. Now I've got to try and sell what I've just bought and set my targets yet again. So no Skippy, 'mess' doesn't even come close. Assetz Capital remind me of a car enthusiast with his pride and joy, a lovely new shiny sports car, but he's forever tinkering with it trying to improve performance so as a result it spends more time inside his garage with the bonnet up than it does on the road. Saving Stream here we come.
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Post by Duane Dibley on Aug 18, 2015 19:02:42 GMT
Does anybody else wonder where all these pawned electrical items are coming from?
Reading through the latest schedule I feel like I'm starring in my own personal edition of Crimewatch.
I'm Caratacus. Good night, sleep well, and don't have nightmares.
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MoneyThing (MT) in Administration
MT103 Renewal
Aug 12, 2015 20:34:56 GMT
Post by Duane Dibley on Aug 12, 2015 20:34:56 GMT
I am invested in this one for a few quid, but the opt in tick box is not there for me on the pending loans tab. Not there for me either. Not that I want to reinvest in this one, if the borrower can't afford to redeem the loan now I can't see what's going to change in the next 6 months, but it would be good to get any issues sorted now for future roll-overs.
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Post by Duane Dibley on Aug 7, 2015 18:09:02 GMT
Markr, are you Michael Clarke in disguise?
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Post by Duane Dibley on Jul 26, 2015 10:31:59 GMT
I take it some of you guys will have these type of funds in your portfolio as well as p2p? Oh yes. LS100 is a major part of my portfolio. It's not a case of 'vs' it's a case of balance. A balanced portfolio should consist of equities, bonds, property, commodities and cash. P2P can add to that but shouldn't replace it in my opinion. Equities have done exceptionally well over the last five or six years and bonds have exceeded all expectation over the last 18 months. What will happen in the future? Who knows, certainly not me. But what is certain is that there will be a big correction some time and that's the time you'll be glad you've got your money spread around. Personally I'm about 40% invested in equities (mainly trackers), 30% in property and 30% in fixed interest & cash. LS100 is about 50% of my equities. P2P 50% of my fixed interest. SS 25% of my P2P. Any one loan 5% of my SS. Eggs and baskets. Eggs and baskets. By the way plenty of good information at Monevator on constructing a balanced portfolio and Life Strategy funds.
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Post by Duane Dibley on Jul 22, 2015 9:19:57 GMT
Cancelled and money back in accounts now.
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Abundance
Referral
Jul 20, 2015 11:09:00 GMT
Post by Duane Dibley on Jul 20, 2015 11:09:00 GMT
Heads up for anyone else thinking of joining Abundance and who wants a referral - the referral scheme ends on the 31st July.
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Abundance
Referral
Jul 10, 2015 13:17:26 GMT
Post by Duane Dibley on Jul 10, 2015 13:17:26 GMT
During my undercover investigations it's come to my attention that AG offer a spot of the old cashback for new referrals.
I fancy a touch of toe-dipping into AG, maybe even a bit of paddling up my knees, so if any lender wants to share the spoils then just tip me the wink.
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Post by Duane Dibley on Jul 10, 2015 10:00:11 GMT
Some of this is also misunderstanding of what the interest buffers are and what they're for. There's been a fundamental disconnect between how lenders have interpreted what is meant by an interest buffer and what the credit / monitoring team have meant by it with them coming from the banking world. Lenders talk about the interest buffer being part of the security of the loan and as belonging to the lenders, for example, whereas legally the funds belong to the borrower and, as I understand it, were meant to be used to smooth any blips in borrower cashflow not as additional security. Had we been more transparent on the current balances in the buffers and when they were being used to make lender payments then this would have been caught much earlier. The simple fact is that the credit team didn't have any tools for doing so on site, rather than them wanting to bury bad news or anything underhand, and because of how they're used by banks it just didn't occur to them to ask me to implement something. To help solve this an education piece is being put together by the content team to detail what interest buffers are and how they're used. I'm also personally heading up the incorporation of all credit and monitoring functions into our CRM system and then exposing as much of that activity and data as we possibly can to lenders via the website. This is a big job that will take a couple of months to fully roll out so please bear with us whilst we put everything in place to make sure our communication on this is first rate on all fronts. I think most lenders fully understand the reasons for a buffer and under what circumstances they will be used. It isn't the fact that the buffer was being used, it's the fact that we weren't told it was being used and that it wasn't being replenished. Especially after the issues with Leeds Commercial when we were categorically assured both on this forum and in the Q&A's that there were no other loans in a similar situation.
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Post by Duane Dibley on Jul 8, 2015 21:15:55 GMT
Drax spent a small fortune, no actually a large fortune, a very very large fortune, on converting the plant to accept biomass fuel.
I can't see how they will ever get that money back, at least not in my lifetime, and I'm only 12½ .
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Post by Duane Dibley on Jul 8, 2015 19:26:00 GMT
For the past couple of months I've been hunting one particular moose, the elusive Propeticus Mooseicus, and am now ready to move in for the kill.
My stalking of this creature has indicated to me that this particular species leaves in its tracks a unique identification mark, commonly known as a referral fee.
If any other hunter has come across such a thing and wishes to share their findings please contact me.
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Post by Duane Dibley on Jul 5, 2015 16:30:31 GMT
Andrew Holgate, could you please please please spell your company name correctly?
Everyone knows it's Assetz Kapital innit.
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Post by Duane Dibley on Jul 3, 2015 14:20:00 GMT
The sale was not one person but 16 individual lenders, none of them work at AC. With respect, that neither answers the question that Chielamangus asked, nor the more fundamental question of whether those particular lenders were aware that the buffer was being used to make the payments to lenders.
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Post by Duane Dibley on Jul 2, 2015 19:57:55 GMT
The repayments page shows repayments are up to date. But the repayments to lenders have been being made - on time - by AC drawing from an interest buffer. Well well well, that's not very good is it Mark? Not very good at all. I've been snaffling up parts of this loan over the last couple of months and feeling very smug and pleased with myself, thinking I'd be safe for at least three months with that good old buffer to back things up if things went wrong. And now I've found out I've been sold a dud, that the buffer's been disappearing before my very eyes, or rather behind my back, not very pleased at all and definitely not quite so smug now. Well at least I got £1 of old <<Loan #166>> this week, which was nice.
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