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Post by Financial Thing on Jul 5, 2016 11:58:28 GMT
I find if I read too much (news and opinions) I'm easily spooked and prone to making rash decisions. There is a saying within the stock market world "stay the course". When I used to read the news about upcoming market fallouts, I would sell and buy, leading to lots of poorly timed decisions. I keep a wary eye on this forum and other news sources things but always verify the info. presented as sometimes the info is just an opinion and not fact. Lots of great information found on this forum has lead me to make changes to p2p allocations. I haven't adjusted my p2p much other than a reduction in property loans. It's hard in p2p to diversify away from property, unless you want to go totally down the RS/Zopa route, and those sites are by no means risk free. Lots of sites TC, FS, MT, AC etc, have all gone largely down the property route, and lots of the none property loans are debt I wouldn't touch with a bargepole. And I've never been a fan of FC. It all leaves one in a tricky position, stick with risky p2p, go down the stock market route, which can be volatile, or stick the money in the bank earning nothing. Agreed Liz. When has investing ever not been tricky? Personally I would say if you aren't in your retirement years, the stock market is the least risky of all the investment vehicles, providing you know take a simple approach and stay away from single stocks. When it comes to the property sector, I wish a p2p company could develop a higher paying rate offering based on a residential property income model (Landbay etc) as I think property rentals will continue to be strong. I'd prefer not to be placing bets in the property development sector.
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Post by Financial Thing on Jul 3, 2016 13:16:35 GMT
I find if I read too much (news and opinions) I'm easily spooked and prone to making rash decisions.
There is a saying within the stock market world "stay the course". When I used to read the news about upcoming market fallouts, I would sell and buy, leading to lots of poorly timed decisions.
I keep a wary eye on this forum and other news sources things but always verify the info. presented as sometimes the info is just an opinion and not fact.
Lots of great information found on this forum has lead me to make changes to p2p allocations.
I haven't adjusted my p2p much other than a reduction in property loans.
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Post by Financial Thing on Jun 27, 2016 14:18:32 GMT
Don't touch the Riveria why?
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Post by Financial Thing on Jun 24, 2016 12:49:26 GMT
For all those considering exiting p2p, remember 2008, people lost half their portfolios because they panicked. Everyone who's been complaining about lack of loan availability could see some great opportunities now.
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Post by Financial Thing on Jun 24, 2016 12:29:58 GMT
As much as I'd like to see the UK leave the EU (purely for selfish stock market crash hopes) I estimate there's a 1% chance of a Brexit. The elites like their money and a Brexit would cause too much financial instability, at least short term. The elites will never let the UK leave the EU since they control the banking and political system. Tomorrow it will be business as usual and the UK will remain in the EU. Still think that? I was surprised but remember it's just a referendum. I think you'll see some strange things hapepen in the coming months. At least half my prediction came true (stock market), great buying opportunity in the coming weeks.
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Post by Financial Thing on Jun 23, 2016 13:15:07 GMT
As much as I'd like to see the UK leave the EU (purely for selfish stock market crash hopes) I estimate there's a 1% chance of a Brexit. The elites like their money and a Brexit would cause too much financial instability, at least short term. The elites will never let the UK leave the EU since they control the banking and political system. Tomorrow it will be business as usual and the UK will remain in the EU.
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Post by Financial Thing on Jun 21, 2016 1:36:09 GMT
Optionstrader. I agree with Investboy therefore it is correct to use "we" rather than "I". but he didn't know you agreed with him when he wrote the request, so "I" would be appropriate.
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Post by Financial Thing on Jun 20, 2016 19:23:17 GMT
Dear fundingsecure Can we have some more loans that are not a properties? This is what originally draw me to FS, that I could diversify into jewelry, watches, memorabilia ect. But now not only you added properties but it became main focus. And I think this was your USP and what people liked in the platform. Also the financial model (with capital + interests at the end) suits the small/pawn items not really property loans. I guess because of the amounts involved the profit is better on properties but it would be nice if you could not discard other types of loans too. If you're going to make a request like this, use the word "I" instead of "we". I don't share the same sentiment and if I did, I'd just invest elsewhere.
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Post by Financial Thing on Jun 20, 2016 16:41:17 GMT
When Fruitful opened its doors in Feb 2015, I decided to take a gamble and invested a four figure sum as I liked the staff communication, simplicity, liquidity, goats and the business model. Several weeks ago I received an email stating Fruitful would be closing its doors to the P2P lending model of its business for several reasons. The email explained that a portion of invested returns would be credited immediately (75%) while the remaining 25% would be credited within 12 months. I sent an email to Fruitful asking for more details but didn't receive one back. A little concerning to say the least. As promised the 75% was received four weeks after the closing email. Overall Fruitful was a good experience and I'm sure I will receive the remaining 25% (with interest) at some point but needless to say this is an email you don't want to see in your inbox and is a reminder of the risk that is P2P lending and how if a platform closes its doors, how little recourse there is for the average investor without paying hefty lawyer fees. Did you get the other 25% plus interest repaid? October fingers crossed although communication has been very little.
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Post by Financial Thing on Jun 18, 2016 14:01:03 GMT
I don't think this Brexit will have much effect long term. Short term you might see FTSE volatility but the FTSE has very little zero long term impact on world markets and has always been tied to US market. Long term I don't see p2p being affected. I see p2p being affected by companies not being profitable or lenders panic exiting. Is anyone here going to withdraw from p2p if the UK Brexits? I won't as I'm in p2p long term.
Short term will possibly see currency value drop; holidays will cost more, or maybe they won't. Much like trying to predict the next housing or stock market crash, in the end, no one really knows.
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Post by Financial Thing on Jun 17, 2016 13:09:54 GMT
chris Is the new logo causing all the issues? Panic revert back to old logo. Should solve all of AC's problems.
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Post by Financial Thing on Jun 16, 2016 13:16:54 GMT
Todays SM status might be good preparation for future actions if there were a mass exodus of SS loans.
Point being the SM might not always be liquid so only buy loans you are ok seeing through to term.
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Post by Financial Thing on Jun 15, 2016 21:58:41 GMT
Because world trackers have under-performed historically. The US S&P has averaged close to 12% annually since inception. I trust US companies far more than companies in other countries. I think the US will likely always be a country of growth and high consumer spending. Fair enough. I would agree with most of that. At some point the US debt mountain has to fall over (as does the UKs!) but when that happens I suspect it won't be an event which can be avoided with any equities. Absolutely the debt mountain will crumble and one day the stock market will crash again, and again, and again (I look forward to it from a fund buying perspective, not a p2p one). But if you were to buy and hold you would benefit from the valleys, the troughs, dividends and compounding interest. Of course if you try to time the market as most amateur investors do, you will likely lose money over the long through mistiming and emotional decisions. The 12% annual return I mentioned presumes a buy and hold strategy and includes such crashes as the 1930's, 80's. 2000's etc.
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Post by Financial Thing on Jun 15, 2016 16:24:43 GMT
Why not do a world equity tracker then? Ok, so the US is 60%+ of it but it would add a few more stocks into the list? (I do have some US exposure via a tracker though) Because world trackers have under-performed historically. The US S&P has averaged close to 12% annually since inception. I trust US companies far more than companies in other countries. I think the US will likely always be a country of growth and high consumer spending.
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Post by Financial Thing on Jun 14, 2016 18:14:40 GMT
Well done Harland, sounds like you're an astute young man. Investing early is the way to become a millionaire! If I were 18 (Im 43 now) and investing all over again with what's available now, here's how I'd invest: 60% into stock index tracker fund (US, not FTSE) 20% P2P 10% Global Bond Tracker fund 10% cash isa You can change these allocations depending on your risk appetite and also as you get older. I've been through some severe economic ups and downs so this allocation would make me sleep comfortable at night. PS. Forgot to add, buy and hold forever and keep buying through the lows and the highs. Only time you can lose money in the stock market is when you sell. Out of interst. Why US tracker over FTSE? I know the FTSE is overweight some sectors and has a lot of low growth(at least cyclical) sectors, that would put me off. FTSE is too small be effectively diverse. Before the oil drop, BT Shell & HSBC comprised 25% of the entire FTSE 100. I use the Vanguard S&P as it holds over 3000 stocks. IMO with trackers, the more stocks the better. Also the FSTE took almost 10 years to rebound from it's lows in the early 2,000's and hasn't had a history of performing well vs the S&P.
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