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Post by Financial Thing on Nov 10, 2015 13:19:44 GMT
oik So far all I see is current accounts (TSB, Lloyds etc) offering small deposit allocations small sums or Santander up to £25k with the requirements of direct deposits and other hassles. Since you have found a no-nonsense method to place £150k @ 3-5% in current accounts (without having 10 current accounts), and you are obviously a brilliant researcher (and apparently very smart and savvy) maybe you'd be generous enough to share the specifics with the forum? I'm sure if we all knew how to do this, we would ditch our low % p2p options and sleep much better at night.
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Post by Financial Thing on Nov 9, 2015 23:21:46 GMT
I just can't be bothered with these current accounts. Talking about what, £90 for a year worth of interest at 3% on £3k. Plus its variable % rate.
Giving money to the big corporate banks is last on my list. I'd rather do Kiva.
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Post by Financial Thing on Nov 7, 2015 13:22:49 GMT
Not sure but I imagine the company that you own shares in has some sort of record of who its shareholders are? I'm not sure either, but I doubt it. If I hold shares in a nominee account I receive no communications from the company I have shares in and cannot vote at AGMs. On the company's share register my holding will be invisibly bundled up with the other customers of the same broker. I suppose there are regulations covering this point but whether they would be the same for a stockbroker and a p2b platform I have no idea. Maybe PM would comment? Don't you receive shareholder proxy votes from the companies you own shares in? I do from time to time. Plus prospectuses.
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Post by Financial Thing on Nov 7, 2015 13:20:12 GMT
Sorry if this has an obvious answer and proves to be a silly question ... how do you know whether or not a poster on this forum has an investment in MT ? you don't
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Post by Financial Thing on Nov 7, 2015 13:15:12 GMT
I sure hope nothing happens to Ed one day, then we would really be in trouble.
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Post by Financial Thing on Nov 7, 2015 13:13:47 GMT
THC email you a share certificate in the limited company (one per project), and the share ownerships can easily be checked on all the usual company check sites. Dead easy to find - "House Crowd Project 321 Limited". I haven't found anything anywhere near as obvious or simple for PM, more's the pity. PM does provide a share certificate in your account. What company check website can you verify through?
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Post by Financial Thing on Nov 7, 2015 13:11:34 GMT
Good point. Is it any different from an account with a stockbroker? Paper share certificates have largely been replaced by nominee accounts. If a stockbroker went bust how would shareholders prove that they owned any shares? Not sure but I imagine the company that you own shares in has some sort of record of who its shareholders are?
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Post by Financial Thing on Nov 6, 2015 14:59:50 GMT
I was browsing PM documents / share certificates yesterday, thinking that in a worse case scenario PM ceased to exist, what would investor recourse be and do these share certificates really show legal ownership.
I had a chat with PM and they said the documents showing legal ownership are stored on the backend of their website and hard copies in their office. I then asked well what would happen if your company closed its doors, does anyone else have copies of these SPV documents showing who owns what? The rep. wasn't sure of the answer and said they would find out. In theory (my opinion), PM could say, yes you are on the owners documents, but there's no way to verify that being the case right?
It would make me feel less nervous to know a 3rd party of legal office had copies of all ownership docs should the worst happen. I would have thought this would be a given so it goes to show you can't assume anything.
How do others feel about this?
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Post by Financial Thing on Nov 5, 2015 22:30:26 GMT
Just did a normal paste...here's what the pivot table looks like post paste <<Link removed>> Financial Thing: can I assume that you have sought permission of both SS and each of the individual identiafiable borrowers to plaster their details onto a public forum ? If so can you please send evidence of such to admin, and if not please remove that link. ASAP.
If I've misunderstood the meaning of what you have posted then also please advise. Thanks SteveT Tried paste special as text, still breaks the pivot table
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Post by Financial Thing on Nov 5, 2015 22:29:58 GMT
Just did a normal paste...here's what the pivot table looks like post paste <<Link removed>> Financial Thing: can I assume that you have sought permission of both SS and each of the individual identiafiable borrowers to plaster their details onto a public forum ? If so can you please send evidence of such to admin, and if not please remove that link. ASAP.
If I've misunderstood the meaning of what you have posted then also please advise. I'll go to bed without dinner
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Post by Financial Thing on Nov 5, 2015 21:49:03 GMT
SteveT I tried your Sheet on my Mac, copy and paste breaks the pivot table sheet. Darn Mac. That's odd. My only venture into the Mac world is my iPhone so I can't help you really. Did you "Paste Special - Text" rather than simply "Paste"? Like magic
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Post by Financial Thing on Nov 5, 2015 16:52:16 GMT
SteveT I tried your Sheet on my Mac, copy and paste breaks the pivot table sheet. Darn Mac.
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Post by Financial Thing on Nov 5, 2015 15:05:11 GMT
savingstream I think you should keep all the features from the old site and add the recommended requests from the Forumneers. The old site has really good info. (remaining days, interest earned on active and sold loans) Re. new site, I don't like how large the squares are with the big photos. I think a more concise layout would be much more user friendly. I love the list view option though. To find available £'s when new loans become available will be a scrolling pain on the big photo screen. Paid interest amounts & LTV are gone on the MyLoans page? Bad omission. Bring back green color overlay on Loans page indicating loan availability. Ugh to the "view more" button for available loans, an extra click that serves no purpose. Just put all the available loans on the screen. Would love to be able to invest in the loan right from the main loans page instead of having to click on the property? Save an extra click step. Would love to be able to set pre-funding in the loan right from the main pre-funding page instead of having to click on the property? Save an extra click step. Would love to see all loan pieces on same loan combined into single total amount. Change always take a bit of getting used to but the site looks nice.
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Post by Financial Thing on Nov 5, 2015 14:24:18 GMT
My strategy is simple. After having my money invested at 1.3% (less than a FSCS account with instant access) I am going elsewhere. 1.3% within RS? Care to explain?
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Post by Financial Thing on Nov 4, 2015 15:45:52 GMT
I've always used "Your Rate" with its "stranding danger " possibilities and that means my account needs monitoring daily. That is not too inconvenient, as the computer is usually on for other reasons and I'm taking a look at various sites at frequent intervals. I feel that I usually add 0.%% to Market Rate and a lot more than that to "Lend right now" which is a disaster, people who use it probably don't know. RS is my main P2P for "safer" investment. I'm not overgreedy - I think, despite various outbursts of delirious enthusiasm when 5yr RS approaches 7% or 3 yr approaches 6%! Currently I do look at RS 5yr 6.4%+ 3yr 5.6%+, and if rates are on a lower level, I do find it easy to place money for a month at 3.5%+ I see no need to aim lower, but anyone looking for Deposit and Forget will have to aim lower. Good strategy, should keep you in bananas until Xmas
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