What % of your cash savings do you have in P2P...

Options
vmp
vmp Posts: 37 Forumite
in Savings & investments
...and are you comfortable with the risk?

I have around 2% of my money in P2P. I'd dearly love to put more in, however I probably find it too risky to do so - I don't think I'd want to put more than around 10% in there.

How about you?
«13

Comments

  • lalman
    lalman Posts: 279 Forumite
    Options
    At my peak I had 7% - now 0.01%.. trying to wind down, the returns just don't reflect the risks involved for me particularly in this fragile recovery.
    My Goal: From 1st of Jan 2015 to 31st of December 2015 is to save 30000.

    48.78% towards 2015 target.

    105.3% towards 2014 target. :j
  • ChesterDog
    ChesterDog Posts: 1,115 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Options
    About 7-8%.

    Just for the diversification.
    I am one of the Dogs of the Index.
  • vectistim
    vectistim Posts: 635 Forumite
    First Anniversary
    Options
    A grand total of 0%

    (I just wanted to type 0 - but there's a min 10 character response)
    IANAL etc.
  • colsten
    colsten Posts: 17,597 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    0vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv
  • SailorSam
    SailorSam Posts: 22,754 Forumite
    Combo Breaker First Post
    Options
    When i first heard about this a few years ago i thought it sounded like a good thing, but looking into it i'm worried it may be to risky.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
  • puk999
    puk999 Posts: 552 Forumite
    First Anniversary First Post
    Options
    0%

    I liked the idea of it but then read about decreasing yields and the lack of FSCS protection. I figured I missed out on the good times.
  • puk999
    puk999 Posts: 552 Forumite
    First Anniversary First Post
    Options
    vectistim wrote: »
    A grand total of 0%

    (I just wanted to type 0 - but there's a min 10 character response)

    Colsten's message immediately below yours managed it. If you drag the mouse over the 0 lots of v's are revealed so he's used some clever trick to hide them! Intrigued now...
  • chucknorris
    chucknorris Posts: 10,786 Forumite
    Name Dropper First Post First Anniversary
    Options
    0%, like others I don't think the return is good enough to reflect the risk.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • chucknorris
    chucknorris Posts: 10,786 Forumite
    Name Dropper First Post First Anniversary
    Options
    puk999 wrote: »
    Colsten's message immediately below yours managed it. If you drag the mouse over the 0 lots of v's are revealed so he's used some clever trick to hide them! Intrigued now...

    He coloured the text white, to make it virtually invisible.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Onawingandaprayer
    Onawingandaprayer Posts: 642 Forumite
    First Post First Anniversary Combo Breaker
    Options
    zilch zero nowt
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.4K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.8K Spending & Discounts
  • 235.5K Work, Benefits & Business
  • 608.4K Mortgages, Homes & Bills
  • 173.2K Life & Family
  • 248.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards