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Post by Financial Thing on Sept 1, 2016 16:37:59 GMT
No SM yet, you can sell internally or privately
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Post by Financial Thing on Sept 1, 2016 13:53:07 GMT
Has anyone sold any SPV shares / tried? I'm considering do so and was wondering what to price at?
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Post by Financial Thing on Aug 28, 2016 14:07:22 GMT
50% cash (will be down to 15% once the market corrects) 30% stocks & bond funds (will be up to 65% when market corrects) 13% p2p 7% alternative investments
I still think p2p looks attractive despite capital gains. Savings rates are poor (not willing to jump through all those hoops for promo variable rates which will all be reduced soon enough), stock market is looking like a pussy zit ready to pop (ugh), BTL expensive entry point. Hedge funds to me present too much risk weighted on picking out one that will do well without asking for your 1st borne in fees.
No easy solution at the moment plus everyones needs and risk tolerances are different.
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Post by Financial Thing on Aug 28, 2016 13:45:34 GMT
Good post herik I have a different take on what you posted.. I don't know how old you are? My dad told me these things when I was a young boy but I didn't pay any attention to him. Wish I had. If you are making min wage, save a little even when it feels painful. Take your available $ and invest in yourself whether that be through training or university. If you can, preferably get a degree in a good profession that can be used in the outside world (business / accounting etc). Your income is your most powerful weapon. Once you have a good income, then look at p2p. It's a risky investment vehicle, the risks haven't surfaced yet but if all these platforms were around prior to 2008, p2p lending sentiments would be very different. I do like p2p by the way but only if you can truly afford to lose the money. I really disagree with the opinion about stocks being less safe than some p2p lending. If you buy the right stock funds and hold long term you will likely be in a great financial position in 30 years time. You can buy an index fund that has historically made 10-12% annually for the last 70 years and paid dividends without all the p2p risk. The only way you can only lose money in the stock market is if you sell. Oh and steer clear of individual company shares as they can go bankrupt.
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Post by Financial Thing on Aug 26, 2016 16:32:18 GMT
** Cautious hat on **
If anyone reading this is inexperienced in leveraging, please be careful. You really need to factor risk to the reward in your return calculations, most people don't understand how much risk is involved.
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Post by Financial Thing on Aug 26, 2016 16:12:57 GMT
I know interest rates are falling as a whole, but it's concerning me that each week my LW emails rates for 5y is dropping. I recall only seeing it rise once in the last few months. It's now at 5.4% making me question the whole risk vs reward.
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Post by Financial Thing on Aug 19, 2016 13:58:09 GMT
If you invested £10,000 inside the 12% sites like SS & MT, that would give you close to your interest needs minus some for dead money time. Then you can take the other £30k and put it in those annoying other banks like TSB.
Problem is I think all high st banks will be following the Santander lead soon so don't bet on being able to snag 4% at your high street bank for too much longer. I've received several email notifications from banks such as Virgin showing interest drops.
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Post by Financial Thing on Aug 15, 2016 16:40:09 GMT
Oh how I wish you were FCA regulated. I hope this happens soon for you as even though FCA regulation probably isn't worth the pen it is signed with, it sure would make me feel a little less uneasy about plonking money down.
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Post by Financial Thing on Aug 15, 2016 13:51:01 GMT
Yeah but thats for small amounts. The likes of NW and LL etc with £2,500 and £5,000 is quite frankly chicken feed. I'm talking £60K, fully protected at 3% Sounds like you're just rolling in money. Maybe give some of it away to a good charity or I have a cheap bridge for sale in Hull, fully protected at 6%?
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Post by Financial Thing on Aug 11, 2016 16:03:56 GMT
If you look at the current state of the stock market, financial fundamentals have flown out the window (high debt, low earnings, anemic growth) and the bull market is purely running on consumer sentiment (stocks going up, people have rosy outlook). Once that consumer sentiment changes, the market will change. I believe p2p is similarly hinged on consumer sentiment.
I think investor confidence will be the bigger problem. If the prop market crashes, p2p lenders will head for the exits in droves, and if burned badly enough, it will take them some time time to return. If the lenders leave and the p2p companies can't fund loans and end up in administration, existing loans will be in the hands of 3rd parties and as there isn't any past precedent of a p2p property platform going under, we really have no idea what will happen.
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Post by Financial Thing on Aug 8, 2016 14:56:38 GMT
I considered the dilemma of silly low bank rates and limits on p2p comfort in late 2014 & in Jan 2015, dumped all available cash into Vanguard US and Dev Europe tracker funds (2 stock and 1 bond fund 70/30 weighted). Up 26% on stock tracker and 4.5% bond tracker. Yes the markets will fluctuate, but they pay decent dividends (approx 2%) and when you factor in compounding interest using reinvest, they are a no brainer and much safer than p2p. Key is you must buy and keep buying through the peaks and valleys never selling. Good option if you don't need the cash in the next 5 years. I'd never feel comfortable putting more than 15% of funds into p2p no matter how rosy things are. ** Not to be considered as financial advice ** Can you list the exact funds you invested in out of interest? Here's what I personally own: Developed Europe (5%) US S&P Fund (65%) Global Bond Fund (30%) I don't buy UK trackers as the FTSE isn't a good tracking index as it's too small. I use iweb to buy the funds.
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Post by Financial Thing on Aug 8, 2016 14:36:51 GMT
I considered the dilemma of silly low bank rates and limits on p2p comfort in late 2014 & in Jan 2015, dumped all available cash into Vanguard US and Dev Europe tracker funds (2 stock and 1 bond fund 70/30 weighted). Up 26% on stock tracker and 4.5% bond tracker.
Yes the markets will fluctuate, but they pay decent dividends (approx 2%) and when you factor in compounding interest using reinvest, they are a no brainer and much safer than p2p.
Key is you must buy and keep buying through the peaks and valleys never selling. Good option if you don't need the cash in the next 5 years.
I'd never feel comfortable putting more than 15% of funds into p2p no matter how rosy things are.
** Not to be considered as financial advice **
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Post by Financial Thing on Aug 8, 2016 14:15:58 GMT
stevefindlay Since BM is unregulated and not a member of the FCA (for now), I figure my money is being invested in BM as a company so my concerns are about company health and finances rather than p2p loans. Your money is going directly into Receivables Agreements. Your money (client money) doesn't go into BM, and it is not co-mingled with our company money. As you ask, we have 2 years of cash resources, and we are well ahead of plan to be cash profitable before then. Your maths is fine, however we do have income from other sources, and our cost Base isn't that high - so we don't need to get to that level to be break even. Many thanks Thanks for the information. Co-mingling of funds is a lesser concern, the non-regulated part for me is a major concern. Do you have any estimates as to how long it will take for you to become regulated? I'm just trying to understand legally what I'm investing in. Maybe I'm looking at this wrong but I view an investment into Bond Mason, not so much an investment into p2p loans, but as an investment into Bond Mason the company itself. So technically would I be correct in saying you're not really a peer to peer company at the moment even though the vehicle is within peer to peer loans? Thanks for the clarification.
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Post by Financial Thing on Aug 4, 2016 12:53:08 GMT
stevefindlay Since BM is unregulated and not a member of the FCA (for now), I figure my money is being invested in BM as a company so my concerns are about company health and finances rather than p2p loans. Through my simpleton math, charging a 1% fee on money management indicates BM would have to manage a significant portfolio to generate good revenue. £100m in managed money would only generate £1m in revenue. Does BM generate revenue from other sources and when is BM projected to be profitable? Thanks
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Post by Financial Thing on Aug 4, 2016 12:50:07 GMT
thanks this, I missed this thread.
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