TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Mar 24, 2017 21:43:22 GMT
I got a four figure prefund that I did not set. In the past I recall getting no allocation for a loan I believed I prefunded. I thought it was my mistake. Now I see it was not the case.
Please get your act together Savingstream!!!
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Mar 10, 2017 9:44:39 GMT
A bank run is a different thing and quite scary.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Feb 9, 2017 22:13:07 GMT
9% simply doesn't work for me. Many have moaned for months that SS communication has been poor. Their response was they operated a lean business model by not employing the likes of Paul to communicate with us but this meant they could offer 12% instead of 8/9%. Now Paul and other team members are on board giving extra costs and we're seeing lower rates. Is improved communication worth a 3/4% drop in rate? Not for me, it isn't. Offered rates have nothing to do with SS cost base and all to do with risk. 8 or 9% simply don't reflect the risk involved. At least not for me.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Feb 7, 2017 21:30:05 GMT
9% simply doesn't work for me.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Feb 2, 2017 20:54:20 GMT
Their "experienced credit assessment team" is a Commodore 64 running a Logo script. Chase the turtle.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Feb 1, 2017 21:49:56 GMT
I take the view that if SS's and other property loans don't make capital repayments, then my money is *already* reinvested but I'm not an accountant so I've probably missed something ... No, you did not.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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General P2x Discussion
SIPPs
Jan 29, 2017 16:25:00 GMT
Post by TitoPuente on Jan 29, 2017 16:25:00 GMT
If I understand correctly, the only SIPP option with a reasonable diversity of P2P lending platforms is/was Evolution/GF but it is now closed for new customers. Is this correct? No other SIPP provider include SS, MT and ABL?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Funding Circle (FC)
12610
Jan 12, 2017 21:14:58 GMT
Post by TitoPuente on Jan 12, 2017 21:14:58 GMT
My zombie account is one tad slimmer. Wishing best of luck to the buyer.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Lendy (L) in Administration
I'm out.
Jan 10, 2017 21:20:13 GMT
Liz likes this
Post by TitoPuente on Jan 10, 2017 21:20:13 GMT
I'm afraid people here are sometimes too polite. I for one will not welcome this type of free scaremongering messages just because of a "gut feeling". What are the facts that support this thread? What is all this about the casino analogies? I am used to rather more intelectual interchange here. P2P is, like it or not, a new approach to known asset classes. Like it or not. If you cannot understand it please take your "gut feeling" opinions and share them at you local. Harsh. People are entitled to, and generally do, use subjective as well as objective criteria when making investment decisions - witness the boom in 'behavioural economics' and the like. I have no problems hearing about other people's gut feelings, whether I agree with them or not. To follow in your vein: if you cannot understand the gut, please go down your local for the intelectual (sic) interchange you so crave. No. Gut feeling is not enough to trash something. Also, it is very low class to pick on someone's minor spelling mistake in a non native third language. Trump seems to be encouraging some attitudes.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Jan 9, 2017 21:11:05 GMT
I'm afraid people here are sometimes too polite. I for one will not welcome this type of free scaremongering messages just because of a "gut feeling". What are the facts that support this thread? What is all this about the casino analogies? I am used to rather more intelectual interchange here.
P2P is, like it or not, a new approach to known asset classes. Like it or not. If you cannot understand it please take your "gut feeling" opinions and share them at you local.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 16, 2016 22:32:20 GMT
I see that the "earn" back the principal + interest have been replaced by "you would receive back". It is a good sign that a platform reacts positively to feedback.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Lendy (L) in Administration
Ablrate v SS
Nov 15, 2016 21:50:07 GMT
Post by TitoPuente on Nov 15, 2016 21:50:07 GMT
You also stand more chance of finding out fast when things go awry with an amortising loan. Too many of the 'bullet' loans have the interest withheld at the start, so the borrower could be in Rio on day2, with all the capital, and you don't find out until the capital repayment doesn't happen in X months or years time (because the interest keeps being fed back nicely every month from the retained pot). Well, I would have chosen Rio thirty years ago but now I think that Punta del Este or Playa del Carmen end up being better in terms of amenities.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 13, 2016 20:42:40 GMT
Why would you buy any of these funds if you can do it yourself? A vast majority of folks here can outperform any P2P fund and avoid paying fees to a bunch of opportunists. Because you can pick many of them up at a significant discount which may narrow. Or may not.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 13, 2016 20:41:24 GMT
Search for TARP warrants. If USD interest rates go up eventually there could be some interesting leverage effect on JPM, PNC, or even BAC. AIG had quite a run lately.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 13, 2016 20:22:21 GMT
Why would you buy any of these funds if you can do it yourself? A vast majority of folks here can outperform any P2P fund and avoid paying fees to a bunch of opportunists.
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