ozboy
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Post by ozboy on Sept 14, 2021 16:58:53 GMT
Thanks hazellend , have done that, which is why I've been investing in Bonds Funds recently. Thanks registerme , I do take it with a pinch of salt (" In general though bonds should be less risky than equities") but figure my previous 75% in Shares with around 25% Cash is too "Shares" risky for moi. Thanks @bobo, I looked at PIBS yonks ago but don't like 'em for various reasons. Good comments, Thank You folks. |
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ozboy
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Post by ozboy on Sept 14, 2021 16:39:26 GMT
Don't know if the damning findings here relate directly to what's been happening at FundingSecure and the other insolvents but the 'Wild West' label says it all, there wasn't a lot of regulation, redress and fairness there. You can see the whole article for free if you shrink your page, couldn't see any scroll bars.
Dontcha just love the quote at the end of the article. The usual self serving standard BS of " Trust us, we have a Code of Ethics and High Standards, we are Professionals and have The Utmost Integrity." Yeah, just like the High Professional Standards that RICS maintains too.
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ozboy
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Post by ozboy on Sept 14, 2021 16:03:13 GMT
Sorry, should have provided more background.
I'm already into bigger six figures with Shares via several Direct holdings, the old PEPs, and ISAs (good ole Terry Smith!)
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ozboy
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Post by ozboy on Sept 14, 2021 15:55:56 GMT
Not yet, these absolute vultures will be worse with their P2P shenanigans, where there's virtually no control over them.
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ozboy
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Post by ozboy on Sept 14, 2021 15:41:07 GMT
I have never invested in Bonds/Bonds Funds and the generally accepted standard "wisdom" is to diversify risk among Shares, Cash, Bonds, and Property, and maybe 5 - 10% in Gold.
I have nothing in "Property" because my home is worth quite enough and I have been bunging spondoolies the past few months into Vanguard LifeStrategy 20% Equity (80% Bonds).
A Bonds Fund I imagine is lower riskish than owning individual Bonds and I'm aware that if interest rates go up my Bonds go down in value.
Thing is I don't really know that much about Bonds Funds and I'm wondering if there's a market correction/crash will Bonds Funds be safer/suffer less of a Loss than Shares might?
The past fw years it seems that normal correlations etc have become abnormal and the ole Bonds as a "hedge" against Shares may no longer be true?
What are your thoughts Oh Learned Colleagues out there?
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ozboy
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Post by ozboy on Sept 4, 2021 11:42:55 GMT
"Pre-paid credit cards for living expenses" - that old chestnut. I wonder whether HMRC are looking at this? And why not, everyone needs several hundred thou on pre-paid credit cards for living expenses. Don't they? 
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ozboy
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Post by ozboy on Sept 4, 2021 11:39:51 GMT
Hopefully, and undoubtedly, yes.
HMRC has the deep legal pockets and tenacity to pursue this relentlessly and ensure justice.
Several P2P Platform Directors and Borrowers need to be successfully prosecuted and serve long jail sentences, it's the only thing that will ever clean up P2P.
Forget the ineffective, completely self serving and grossly incompetent FCA.
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ozboy
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Post by ozboy on Sept 4, 2021 9:54:56 GMT
You are QUALITY Mousey. Thank you. [Thumbs Up Emoticon Here.] |
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ozboy
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Post by ozboy on Aug 31, 2021 15:26:35 GMT
160/158 As long as this borrower does not start to do a 120/124. Has a very good record of payments on time. We don't know what's happened here. Has the borrower paid or have Ablrate failed to pay lenders, as yesterdays notification ? All the same, it's a pity situations like this occur & cause lenders concern. When Ablrate put out a statement like yesterdays it should be followed up when nothing happens. Lenders unfortunately always seem to be given a backseat, from borrowers & platforms. If I ran a company such as this, if the payment is still outstanding, my message would be :- 'We again contacted the borrower & demanded the payments be made immediately. We stated we do not accept your apologies on behalf of lenders. Lenders are rightly concerned & should not be treated with contempt. This grates, especially as £500k has just been handed over.' I'd second this. However, don't expect any P2P network to bother too much about lenders. They would consider taking 30 seconds to type what you've suggested a waste of time, as their main priorities are (a) to fill their own pockets and (b) to please the borrowers they go on holidays with and enjoy meals out with. Of the last fifty-odd conversations I must have had with staff at P2P platforms, I'm sure about forty eight of them have been the staff taking the side of borrowers, being a mouthpiece for the same type of usually lame excuses I've been hearing from folk who don't want to pay back their loans for decades and decades; in recent years, it's the same tired excuses of general election, economic downturn, Brexit, Covid etc. Only on a couple of incidences have those staff expressed even the slightest interest in the rights of lenders. It proves how obsessed they are with their beloved borrowers, no matter how many times they choose not to pay up. You are so RIGHT on the money p2pfan . [Thumbs Up emoticon here] I am intrigued (but mostly bemused) by anyone who will still extol the virtues of P2P "Investing." Platform interests are SO obviously aligned with themselves First, and Borrowers a very close Second, Lenders are VERY last. You have all been warned. Yet again. I thank you. OzBoy. 
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ozboy
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Post by ozboy on Aug 27, 2021 19:57:50 GMT
Always check with your existing Supplier near the ending of your Tariff.
Even the excellent Money Saving Expert / Cheap Energy Club comparisons can't and don't allow for any "special" Tariffs offered to existing and renewing Customers.
I also renewed with AVRO who came in *cheapest but they didn't figure competitively in the MSE / CEC comparisons when I did my annual switching exercise earlier this month.
It is also said that it is worthwhile to investigate Gas and Electric separately instead of "Dual", but I have never found the cheapest for each to be a better deal than the cheapest "Dual" offering.
* by c£60 pa.
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ozboy
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Post by ozboy on Aug 27, 2021 10:59:15 GMT
Who remembers this below on Barnoldswick loan ? Ha**ett and Lux**** were full of  it , They need to be properly held accountable for their behaviour. Should we fail to recover the funds for any reason, FundingSecure will stand behind this loan and repay all investors. As a matter of course, FundingSecure are reverifying security on all loans, have changed processes and implemented new controls to ensure this does not happen again. We acknowledge that this situation is unacceptable, as is the time it has taken to bring this to light. FundingSecure will ensure no investor suffers a capital or interest loss for our error in this matter. Yes, very long prison terms for this right pair of female anatomies. And confiscation of all their assets with the proceeds paid out to Lenders.
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ozboy
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Post by ozboy on Aug 23, 2021 20:43:58 GMT
MRC, if you recall, tried to blow the whistle several times on many of the FS activities, and was condemned and shouted at by the local shills (many of whose posts have since vanished). Hey, don't forget moi! Godanubis and arby were the two main Cheer Leading Flagwavers to the bitter end, they had their heads so far in the sand you could only see their toes. Or maybe their heads were in another orifice ..........
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ozboy
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Post by ozboy on Aug 20, 2021 14:03:02 GMT
This I fear is just one of many cons pulled by FS directors on a very trusting and mainly old investors. I am fully aware of another loan that through out has been fraudulent to say the least and given the nature of the beast there must indeed be more. I have hoped all along that the FSA would act as there is so much evidence now in the public domain it is making them look almost complicit in these frauds due to their inactivity. However it is just possible that they are holding fire whilst the winding-up of FS is taking place. There is a reason Noman swiftly left in the early days. He almost certainly soon got the measure of the "integrity" of his fellow Directors and quickly decided to leg it.
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ozboy
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Post by ozboy on Aug 19, 2021 20:45:42 GMT
I don't follow the FS shenanigans anymore, it all hurts my head, but SURELY the Directors are going to be charged?
I mean, you could drown in the evidence!
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ozboy
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Post by ozboy on Aug 19, 2021 14:50:32 GMT
"Adv Felicity Toube QC and Ryan Perkins, instructed by Shoosmiths LLP, for the Applicants." Is this for real? I would imagine that the Administrators ought to know that Lendy's ex general counsel has landed as a partner at Shoosmiths. Many years ago I was involved in a construction contract that went to arbitration. It all came across as a bit of an incestuous mess, given that the QC representing us was the same person who was helping to prosecute us in a different case. Also it didn't appear right that our QC and the opposition man both came from the same chambers, and effectively sat at desks in adjacent offices.
We were always told that these people upheld the highest moral standards, and there was no question of a conflict of interest. However it did make me wonder when I attended a meeting with our junior counsel and an expert witness. Counsel said "I'm not allowed to put words in your mouth, but if I was these are the sort of words that I would have used"
Complete, utter, and total BS of course. Read " The Terrible Truth About Lawyers" by Mark McCormack.
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it ,
