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Post by overthehill on May 4, 2024 17:20:38 GMT
nice to see this thread being discussed again. Having in-curable blood cancer I am now streamlining all my investments and money shenanigans into one place so when i do leave for "pastures new" my family will have an easy time of getting access to any money I've squirreled away. Its been fun, I've messed about with P to P and bonds etc for many a year but now i find myself throwing the whole lot into Loanpad confident that Loanpad will outlast me plus with real people on the phone withdrawal should be straightforwards.... of course that'll be in way off in the future, i still plan to die of old age!
I would never advise putting all your eggs in one basket unless it is FSCS protected, especially a P2P company. Dishonesty exists and becomes old news and forgotten very quickly.
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Post by indexfund on May 4, 2024 17:53:51 GMT
nice to see this thread being discussed again. Having in-curable blood cancer I am now streamlining all my investments and money shenanigans into one place so when i do leave for "pastures new" my family will have an easy time of getting access to any money I've squirreled away. Its been fun, I've messed about with P to P and bonds etc for many a year but now i find myself throwing the whole lot into Loanpad confident that Loanpad will outlast me plus with real people on the phone withdrawal should be straightforwards.... of course that'll be in way off in the future, i still plan to die of old age! You would not believe how much my life mirrors yours. I too have an incurable blood disorder/cancer, but it is treatable and many live for many years - so fingers crossed for both of us! I was diagnosed two years ago and maintain that my condition was ignited by a very extreme reaction to the first AZ vaccine... My consultant said 'there is alot to come out yet' about the vaccines...who knows. I have had great success with P2P investments over many years, even through bad times. However, like you I have been streamlining and rationalising my investments and it has been a good experience and really free's the mind. Of great help has been HL's active savings account which holds many different banks/establishments products all under one umbrella log-in. This alone saves an awful lot of time and effort. Back in the day I must have has at least a dozen seperate log-ins and it was mindblowingly boring! Back to LP. Yes it really is the best run P2P platform, possibly ever. And like you I have very content to hold significant funds with them. I just have to work out what percentage of my whole portfolio is prudent. I might split the incoming ISA between them and HL (50/50).
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Post by Ace on May 4, 2024 17:54:53 GMT
nice to see this thread being discussed again. Having in-curable blood cancer I am now streamlining all my investments and money shenanigans into one place so when i do leave for "pastures new" my family will have an easy time of getting access to any money I've squirreled away. Its been fun, I've messed about with P to P and bonds etc for many a year but now i find myself throwing the whole lot into Loanpad confident that Loanpad will outlast me plus with real people on the phone withdrawal should be straightforwards.... of course that'll be in way off in the future, i still plan to die of old age! So sad to hear that. Best of luck to you on all fronts. Hopefully, I'm not being too insensitive, and apologies if I am, but it got me thinking about what I would do in a similar situation. I think I'd probably leave my S&S index trackers where they are, as they are easy to liquidate. As for my extensive P2P pot, I think I'd start the drawdown process from all platforms that are likely to take a long time to exit and move the funds to Loanpad Premium account as they became available. This would amount to around 65% of my pot. I'd maintain the 20% in those platforms that I feel would be easy to liquidate, namely: SoMo, Proplend, Landlordinvest and ElfinMarket (and probably Kuflink Self-select). I'd also maintain the remaining 15% in AxiaFunder portfolio loans (I can't really justify this on any rational basis, but I'm addicted to the high returns that they are generating).
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Post by Ace on May 4, 2024 18:29:13 GMT
Another six months have passed and I was wondering how attitudes to risk have moderated, especially with LP. Currently my total investment with the platform is at £140k and I am relaxed with that as things stand. I have another ISA approaching maturity and have to decide LP or not this time. 6.5% premium (2mth) is quite attractive against the competition @ circa 4.7% (1yr+). Or it will go into a corporate bond fund like Royal London's excellent Stirling extra Yield bond Y with dist. yield @ 7.6%, also some principle sum appreciation too for me over the last few years.. And then there is the option of various index funds such as VWRL etc., which have been stellar up to about a month ago. It is interesting to me that although I really admire LP, their processes and their model; I still ask these questions from time to time. We are in a weird period just now with most asset prices falling (in real terms or simple) and most asset class markets in limbo. House prices still look overvalued in the UK, classic car prices are falling as are vintage watches etc. Stocks are going sideways too, and will continue to do so until the Fed starts to indicate inflation is under control signalling lower interest rates. Locking-in higher yields now might be a good idea? Here's a comparison of Loanpad statistics today against those that I recorded here, nearly 7 months ago on 10th Oct 2023 in brackets: £91,064,852 (£83,095,866) funds on platform. Average amount invested per lender = £16,842.03 (£16,255.06). Total number of live loans 212 (174). Total number of lenders = 5407 (5112). Early access to Premium account not currently available (I expect it would be allowed if asked since there is currently over £1.7m (£3.3m) of unallocated cash). 0 (0) loans are being serviced by the ICF. There are now 17 (14) lending partners. £250m (£200m) of funds have been lent through 650 (515) loans, of which £160m (£120m) have been repaid by 438 (341) loans with no loss of capital or interest. The average loan represents 0.47% (0.55%) of each lenders portfolio. Over the past 7 months total funds on the platform have increased by an average of about £1,150k (£650k) per month.
In short, the record of no losses and no delays to requested repayments has been maintained, and diversification has continued to increase. An outstanding performance so far IMO.
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Post by barnsleybiker on May 5, 2024 17:29:27 GMT
thanks to all for your good wishes, i am 5 years in and due to start a round of treatment again. most cancer cures/meds seem to be based on the same thing but use different routes to achieve their goal.....basically "find it, target it, kill it and hope it doesn't come back for too long.
i signed up for all sorts of NHS trails, not to help me but to help others to come, with a twist of nature i will now be taking the meds i helped trail! star trek targeted meds that seek and destroy! not a cure just more long grass.
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Post by birdie on May 6, 2024 8:31:18 GMT
thanks to all for your good wishes, i am 5 years in and due to start a round of treatment again. most cancer cures/meds seem to be based on the same thing but use different routes to achieve their goal.....basically "find it, target it, kill it and hope it doesn't come back for too long. i signed up for all sorts of NHS trails, not to help me but to help others to come, with a twist of nature i will now be taking the meds i helped trail! star trek targeted meds that seek and destroy! not a cure just more long grass. Good luck with the treatment, we should start a thread about our ailments, I have recovered from bowel cancer after an operation to remove it and then chemo, I am undergoing treatment now for prostate cancer, radiotherapy and injections, after being a bit breathless for some time I now have it in my lungs, I am awaiting the next course of action from the hospital, all three cancers are not related to each other.
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Post by Ace on May 6, 2024 10:00:48 GMT
thanks to all for your good wishes, i am 5 years in and due to start a round of treatment again. most cancer cures/meds seem to be based on the same thing but use different routes to achieve their goal.....basically "find it, target it, kill it and hope it doesn't come back for too long. i signed up for all sorts of NHS trails, not to help me but to help others to come, with a twist of nature i will now be taking the meds i helped trail! star trek targeted meds that seek and destroy! not a cure just more long grass. Good luck with the treatment, we should start a thread about our ailments, I have recovered from bowel cancer after an operation to remove it and then chemo, I am undergoing treatment now for prostate cancer, radiotherapy and injections, after being a bit breathless for some time I now have it in my lungs, I am awaiting the next course of action from the hospital, all three cancers are not related to each other. Best wishes birdie.
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Post by redpete on May 6, 2024 23:50:35 GMT
thanks to all for your good wishes, i am 5 years in and due to start a round of treatment again. most cancer cures/meds seem to be based on the same thing but use different routes to achieve their goal.....basically "find it, target it, kill it and hope it doesn't come back for too long. i signed up for all sorts of NHS trails, not to help me but to help others to come, with a twist of nature i will now be taking the meds i helped trail! star trek targeted meds that seek and destroy! not a cure just more long grass. Good luck with the treatment, we should start a thread about our ailments, I have recovered from bowel cancer after an operation to remove it and then chemo, I am undergoing treatment now for prostate cancer, radiotherapy and injections, after being a bit breathless for some time I now have it in my lungs, I am awaiting the next course of action from the hospital, all three cancers are not related to each other. Thanks for the reminder that there are things more important than this playing with money that can sometimes take more of our energies than it deserves. All the very best with the next stages of treatment.
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mogish
Member of DD Central
Posts: 1,025
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Post by mogish on May 8, 2024 17:56:54 GMT
Indeed, we forget health is more important than anything else. I was speaking to someone yesterday who was told a knee op would take 5 years on nhs waiting list. She opted to go private as she is lucky enough to have funds to pay for it. 18k .... with same nhs surgeon. Unfortunate sign of the times.
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