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Post by Financial Thing on Jan 2, 2016 17:41:15 GMT
I think these P2P numbers will change drastically based on how the stock market performs and how interest rates move. If the stock market overall returned to its 10% annual average gains, then I see investos jumping more into stocks and lowering their p2p exposure. If savings accounts started paying 5% again, same.
Many average Joe investors jump from pillar to post chasing returns.
PS. I only invest in the S&P500 as I have little faith in the FTSE's long term performance and growth.
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Post by Financial Thing on Jan 1, 2016 0:01:14 GMT
I understand what you are saying but I'm not seeing the whole "avoid paying tax" issue. I hate tax as much as the next man but if you start with £100 in your FS account and finish the year with £112, if you don't report the £12 gain, in my book that's tax evasion. I don't see how selling your loan piece makes this tax liability disappear. I think you were not following the threads that relate with this issue. I followed all the threads relating to this. Sometimes our thoughts can lead to terribly wrong assumptions regarding what we think we know and what we actually know.
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Post by Financial Thing on Dec 31, 2015 22:20:13 GMT
I am not talking about liking or not liking. I am more referring about risk if you use it. In one way people will avoid paying their tax. In the other people can end up paying someone else tax. I do not want to be in either position. This means that the SM is not available for me. I want to have an SM where I feel free to participate without having to worry that in a year, two year or six year time HMRC will come knocking on my door. I understand what you are saying but I'm not seeing the whole "avoid paying tax" issue. I hate tax as much as the next man but if you start with £100 in your FS account and finish the year with £112, if you don't report the £12 gain, in my book that's tax evasion. I don't see how selling your loan piece makes this tax liability disappear.
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Property Moose
SPV34
Dec 31, 2015 18:19:12 GMT
Post by Financial Thing on Dec 31, 2015 18:19:12 GMT
My surveyor friend confirmed the valuation for this property in lettable condition is spot on at £80k. So it appears the numbers are good on this property.
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Post by Financial Thing on Dec 31, 2015 17:25:24 GMT
Strange post. The SM is certainly available to you and to anyone else who wants to use it. Do I like the SM? Not really but that doesn't mean I don't use it. I use it frequently to sell pieces and to buy newly issued loans.
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Post by Financial Thing on Dec 31, 2015 16:21:20 GMT
A little managed portfolio up for grabs
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Post by Financial Thing on Dec 31, 2015 16:13:35 GMT
On the tranches that include electronics , phones and tablets etc I would be more happy with 35%-40% as I have seen A1 refurbished / second user stuff at 50% ish or less than new price on ebay in the past few weeks Something to keep in mind, most pawn shoppers aren't shop around type people. They don't research like you and I might. My dad was a pawn broker so I know first hand. It's common for them to wander in to a pawn shop looking for something specific and buy it, even if it is overpriced.
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Post by Financial Thing on Dec 30, 2015 13:09:09 GMT
What are your opinions on the MT Managed Portfolios? Like them? How solid do you think Cash Shop is?
Just curious.
Personally I like them because they seem to renew so less hands off in trying to place money at loan completions.
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Lending Works (LW)
Giving Up
Dec 29, 2015 3:14:21 GMT
Post by Financial Thing on Dec 29, 2015 3:14:21 GMT
Anybody else given up with LW , have some funds waiting to be invested and has been two weeks already and is still not at the front, last time took nearly 3 weeks, with each month the amount having to be reinvested and waiting again and again I really do not see the point. nope, I like the system, hands off, great interest rate, supposedly safe. It doesn't take long to get reinvested.
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Post by Financial Thing on Dec 23, 2015 23:12:13 GMT
All I can find so far is:
"If our platform were to fail or we and/or Saving Stream Security Holding become insolvent we would transfer our obligations under the Terms and the Loan Contract to a third party back up servicer, with whom we have entered into a back up servicing arrangement."
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Post by Financial Thing on Dec 23, 2015 18:13:57 GMT
solicitorious One mistaketh does not a platform maketh I've experienced account tech issues with FS (negative balances), Rebs (negative balances), FC (incorrect conciliation). MT isn't alone. You can always ditch the site if you aren't happy. Simple solution.
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Post by Financial Thing on Dec 23, 2015 14:25:30 GMT
... thinking platform diversification is as important as loan diversification. I agree that platform diversification is important, but at what point does adding a risky platform increase your risk more than the diversification reduces it? I guess that it is impossible to know, but RS and FC are well funded growing and easy to understand. Some of the other platforms are part of larger companies, or have little turnover or growth, or are struggling on a shoestring. Does adding some of these reduce your risk? Returning to the main thread. I am a double outlier. FC is my largest holding and likely to increase rather than reduce (as a proportion) over the next 3 months. I say as a proportion as I am reducing to P2P a little at the moment, something likely to continue. My second largest holding (and my second outlier) is in various Investment trusts (or similar). Mostly bought at a discount (thought the average is not quite as large as the current discount), I would buy more if the discount (to NAV) increases. SS is the only other platform whose share I currently plan to increase (from very low). If AC bring 3-4 loans per week then I might increase that share, but will still be down on the peak. You make a very valid point but as you stated, it's impossible to know which platforms are truly less risky than others. Take FC for example, since their last interest rate policy change, SM has drastically changed, defaults are rising and if the economy falters, all those unsecured loans will be a problem. Yes it's less risky than say MT, but by how much, who knows. When I found out Santander Bank invested billions into Bernie Madoff's ponzi fund, I realized that even the bigger companies can make monumentally poor business decisions that can result in bankruptcy. Safety in reality is a fallacy.
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Post by Financial Thing on Dec 23, 2015 12:51:49 GMT
Me currently: RS: 19% MT: 18% FC: 15.6% SS: 11% AC: 11% FS: 7.2% PM: 6.7% LB: 5.4% (+) LW: 3.2% (+) LC: 3% PP: 2.8% REBS: 2.2% (-) Mintos: 2% How do you keep track and manage all of those? (I'm having enough trouble with just three -- SS, FS, & AC -- plus Z, which I'm ignoring as it runs itself down.) My thread on How to resist the p2p compulsion is applicable here. I threw money into some at an early stage finding out which platforms I liked / disliked, and ended with this thinking platform diversification is as important as loan diversification.
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Post by Financial Thing on Dec 23, 2015 0:31:50 GMT
Me currently: RS: 19% MT: 18% FC: 15.6% SS: 11% AC: 11% FS: 7.2% PM: 6.7% LB: 5.4% (+) LW: 3.2% (+) LC: 3% PP: 2.8% REBS: 2.2% (-) Mintos: 2%
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Post by Financial Thing on Dec 22, 2015 22:57:17 GMT
MoneyThing I think you should post a photo of Shuang on the forum as I've trying to picture him in my head, although I believe this is him:
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