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Post by sannytwist on Jun 1, 2017 12:03:23 GMT
Agree with the phone focus I don't see the point of this question as it stands, £ values are arbitrary without knowing the amount invested. If i tell you i earn £1000 a year, or whatever, what does that give you? That could represent appalling or stellar performance without further information. Surely more useful information to know is that I earn an average of 5%, say, on my £20,000 investment and that that represents 25% of my overall portfolio? Edit: One thing I will add and is perhaps interesting is that I earn probably equivalent to 50% of my living costs from P2P. I am very frugal however e.g. my wife and I have one mobile phone between us that costs about £10 per month. Appreciate that's not for everyone, but I digress... Regardless how frugal you live, it is really impressive to earn 50% of your living costs on p2p alone.
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Post by sannytwist on May 30, 2017 8:58:19 GMT
To answer the question, about 12%. But I don't think of it in percentage terms, for me it's an amount of money that I could lose without it affecting me (less for the kids maybe). I think this whole sector is far to young for any of us to know how it would handle a property crash of even a small kind, never mind something like 2008 from which my house price and liquidity has yet to fully recover. I treat p2p as the riskiest investments, twice as risky as shares where I have twice as much money, here I think a worst case is a 50% loss. I use a short term (less than 2 years) worst case scenario to determine how much to invest since I am already retired and can't afford to look longer. Its also important to understand that p2p describes the mechanism and not the asset class and it is probably better to split it down to a lower level to decide investment levels, but because p2p is so young I have no evidence for this. For example if I could get all my p2p money into pawn based loans on jewellery held in safety deposit and underwritten then I would have at least twice as much invested and probably more. Hi Sg, can't agree enuff with your post. Its all been good lately but at some point p2p will be tested by a economic crash of some sort. When it does happen investors will get burned if they didn't assess their risk corrected.
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Post by sannytwist on May 25, 2017 15:46:25 GMT
LOL l did exactly the same thing. Just lumped it all on the 13% , now l need to find money for the rest of the month.
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Post by sannytwist on May 25, 2017 12:24:29 GMT
Yup, since this morning now £100k has been picked up from the SM. If this continues, the SM will be dry by the weekend. I wonder if its the increased number of investors.
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Post by sannytwist on May 25, 2017 11:07:48 GMT
Hi all, so just noticed that lately activity on MT has been really picking up . Not only has there been a 12% and 13% loan getting filled up so quickly but it seems just today at least £60k has been purchased from the SM. Its only the afternoon just now as well.
Well done to MT on the success and hope it continues. The platform is reaching new heights for sure.
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MoneyThing (MT) in Administration
Renew All
May 25, 2017 7:48:42 GMT
Post by sannytwist on May 25, 2017 7:48:42 GMT
So, l'm quite confused. As far as l know, the T & C of the loans need a update so we just need to log on to our accounts and press 'Renew all' if we want to keep those loans. If we dont' want we can untick each box or whatever rite? So when does this change happen? p2pindependentforum.com/post/190558/threadThank you,
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MoneyThing (MT) in Administration
Renew All
May 25, 2017 7:40:19 GMT
Post by sannytwist on May 25, 2017 7:40:19 GMT
So, l'm quite confused. As far as l know, the T & C of the loans need a update so we just need to log on to our accounts and press 'Renew all' if we want to keep those loans. If we dont' want we can untick each box or whatever rite?
So when does this change happen?
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Post by sannytwist on May 24, 2017 10:29:13 GMT
Never seen a such a big loan been lent out so quickly, 35% only left !
Wished l had more spare cash
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Post by sannytwist on May 19, 2017 23:55:55 GMT
Thanks for the notice. Took some bits myself.
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Post by sannytwist on May 19, 2017 20:01:16 GMT
still about 20k on sm , also about 400k from the edinburgh loan. So in total 420k roughly on sm . Wished l had some spare cash lying about
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MoneyThing (MT) in Administration
MTAU712
May 18, 2017 1:26:10 GMT
Post by sannytwist on May 18, 2017 1:26:10 GMT
I checked my email. When l deposit or withdraw money MT does email me but not for anything else.
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MoneyThing (MT) in Administration
MTAU712
May 18, 2017 0:14:53 GMT
Post by sannytwist on May 18, 2017 0:14:53 GMT
I didn't get this email, what should l do ?
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MoneyThing (MT) in Administration
MTAU712
May 17, 2017 23:18:21 GMT
Post by sannytwist on May 17, 2017 23:18:21 GMT
Hi all, with more than 50% of the loan still to be taken l was wondering how much the 2nd bidding limit might be..... another £3250 perhaps?
Hope everyone is doing well.
SannyTwist
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Post by sannytwist on May 14, 2017 22:45:53 GMT
This loan has been on collateral website for so long that it is making me apprehensive to invest! Likewise, not gonna touch this loan on Col. Last time COL took a similar big loan it took a awful long time before it was possible to get the loan out of my hands. Not gonna make the same mistake, p2p is risky as it is. Will stick to upcoming MT loans instead.
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Post by sannytwist on Apr 4, 2017 7:48:25 GMT
What does this actually mean ? lm confused
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