upland
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Post by upland on Oct 17, 2015 7:48:23 GMT
As said before, it all depends on what you mean by safest. If you mean lowest risk then lowest risk of what? I don't think it is possible to totally eliminate risk and I don't think it makes sense to minimise the risk of any loss. All that counts in the end is net return. Good points. I have the largest amounts of money in what I perceive as the safer platforms/ best offer and not much in the more risky situations. As with many things in life these are 'emotional' decisions and there are lots of conflicting arguments. I like the bigger platforms as I imagine that if they went pop that it would be big enough that somebody would sort it all out. I believe that FCA rules require that there should be enough money for it to be run down in an orderly fashion (Is that true - anyone ). As having been an equitable life investor I am often dubious about regulatory involvement and safeguards that I thought were givens. With small platforms I think that they may be as shaky as some of the investments. If they got into a mess whats to say that the resulting administrative pickle would cost a lot in relation to the size of it to unravel. Perhaps there should be a poll to establish whish is the most risky place ?
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upland
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Post by upland on Oct 16, 2015 11:28:23 GMT
They have been broken since yesterday afternoon. I let them know at the time with a few emails. It seems most odd. I think some of the earlier tranches of one of them had mistakes and I wondered if that was the problem.
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upland
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Post by upland on Oct 16, 2015 11:17:36 GMT
Invoice Factoring - I badger AC on a regular basis and I am led to believe that things are moving ahead positively.
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upland
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Post by upland on Oct 16, 2015 6:13:31 GMT
Interesting , many thanks jevans
Does anyone know whether accounts like the GBBA be a resting place for these type of funds ?
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upland
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Post by upland on Oct 15, 2015 15:56:38 GMT
I have spare cash on my GBBA / GEIA. Its a shame that deal flow is slow and we can do without the 3 lost today. I spend lots of time trying to put more money into this account as I learn more about it. But at the bottom of it is just that we could do with more opportunities.
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upland
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Post by upland on Oct 15, 2015 10:51:13 GMT
It seems to me that some loans are not greatly liked as there usually exists a significant supply of them. Possibly because there has been a credit event , the rate is very low , the security is perceived as thin or some other reason that I do not yet appreciate ( ). I wondered where do these loans end up ?
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upland
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Post by upland on Oct 14, 2015 6:57:25 GMT
I like Mr Spiers , he actually warned about the problems of 2007 well before in one of the Bestinvest reports , he is worth listening to. All that I hope from a p2p ISA is that it gets rid of platform worry. Losing money on investments like with S&S is par for the course (I lost on Marconi too). Overall after diversification I have made modest money in p2p , the losses have not been too onerous and the diversification discipline welcome. I am a bit concerned that as with whole loans/ institutional money the ISA funds flowing in will depress returns but this whole industry is still evolving fast.
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upland
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Post by upland on Oct 14, 2015 6:41:30 GMT
Excellent thread bigfoot12 , this sort of subject needs constant debate as I think that the game changes constantly.
I have an FC account , mainly for secured property. I am letting the unsecured dwindle. It still causes losses that reduce the overall return. The higher risk bands I have never tried but risk adjusted returns probably behave like my current holdings and I like their size / gravitas. They have institutional money.
I like AC but the deal flow is low. There is an SM which makes it for me. I am hopeful that they will develop well. They also have institutional money.
I have just started with FS and MT , great fun but deals often really go quickly. Building up any sizeable holding will take ages and I am not sure that I will as they are pretty small affairs. I have looked into Unbolted and may soon try , it should be easier to build up a holding but they are small. There is probably as much to fear from the platform as the investments.
Looming FCA regulation costs worry me and platform viability , some gravitas is good in my view. I use the Alt Fi volume graphs to ascertain size etc. The institutional effects are not yet stable and I think its hard to figure out how it will affect rates in a few years. 11+ % may be come the haunt of tiny sites.
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upland
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Post by upland on Oct 12, 2015 14:57:14 GMT
Indeed , life goes on again.
Has anyone read the thread on FCA Authorisation on the general p2x discussion ?
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upland
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Post by upland on Oct 6, 2015 7:51:39 GMT
Hi huxs
Thats pretty well how I feel , for the diversity (and autolend) feature this site has a place but I would not "bet the farm on it". Still early days yet. It must be hard for anybody to put up a convincing case that many of these platforms are super safe despite all the 'regulation'. Deal flow is a bit of a concern as with MT.
Regards
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upland
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Post by upland on Oct 4, 2015 6:32:37 GMT
I am interested in how that default goes too. The number of potential defaults must now be rising strongly.
I did wonder with the 'bridging lenders' whether more normal lenders were not really required to make the system work.
Its probably early days as yet but I wondered what the feeling was about how the site has performed during the last six months ?
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upland
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Post by upland on Sept 9, 2015 17:25:38 GMT
I am in. Seems a neat idea to me and overcomes concerns with keeping uninvested money in AC pretty well , I shall keep a bit more in here. I shall be most interested in how it affects my shrapnel and how it runs.
Very glad to have had a preview on this board of it functionality and as usual these threads are an excellent way of appreciating how to use the AC system.
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upland
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Post by upland on Sept 4, 2015 10:00:32 GMT
A good point , I shall await my fix then. I look at these whirling transactions and as long as there is no cost implication its fine. If there were it could be dreadful , talk of different prices for the parts / discount / premium makes me nervous.
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upland
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Post by upland on Sept 4, 2015 9:30:55 GMT
Interesting , could there be scope there for taking the risk but getting no reward ?
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upland
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Post by upland on Sept 4, 2015 8:17:13 GMT
I am fascinated by the antics that I see on the transaction reports. Yesterday my GBBA bought and sold the same part three times over the period of a day. Does anyone know how interest is calculated in these cases , is it on a "held per seconds" basis or some other way. I dont think that it makes a lot of difference but if you dont hold something for the whole day can you get the same interest ?
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