Peer to peer

[Deleted User]

I spent a couple of quid on the Tilbury to Gravesend ferry once, that's pier to pier.

coyrls

jack_pott wrote: »

I spent a couple of quid on the Tilbury to Gravesend ferry once, that's pier to pier.

Did you get a return?

Kendall80

guitarman001 wrote: »

I've been using fundingcircle for about 2 years and despite investing in only A grade loans, bad debt and fees have almost completely eroded returns. I've been getting 1.5% on average. I'm actually contacting them now to find out how to end all the loans, remove the money and close the account. It's been disappointing.

That is surprising. I'm averaging 7.2% at the moment. Mostly, but far from exclusively in A+ property loans.

Dan83

Saving stream currently have plenty of choice on the secondary market, all at 12%. No fee's to pay either like other P2P platforms.

My advice would be buy the loans with the longest terms.

yorkie3

Remember that the 30 day rolling market in Ratesetter is anything but. If there is a liquidity event, your money could be locked up for up to 5 years.

darkidoe

I am hoping to just grab the 100 pound ratesetter bonus after a year and maybe just stay minimally invested to keep on top of how the p2p market is doing. I think the risks are still relatively high for such an investment.

Broken_Biscuits

Hindsight is a wonderful thing.
2015 saw pretty poor returns for most across stocks and shares and so p2p would have likely outperformed.

This year my p2p returns are dwarfed by my stocks and shares returns.

Come up with a balanced asset allocation that suits you that includes p2p and stick with it. It's really easy to over invest in p2p, especially in the ones that launch loans sporadically. It's easy to get into the habit of investing extra when a opportunity comes up rather than when you had planned.

Flobberchops

I'm currently invested in:

MoneyThing. These guys have an excellent reputation and for good reason. Simple and eminently understandable lending system, very good quick customer service. The only downside is occasional droughts between loans and stuff never seems to hang around on the secondary market for long. Still, I could heartily recommend this as an entry point to P2P.

Ablrate. Some higher yields on offer here and a busier, if more complicated, secondary market.

Rebuilding Society: My "high risk" allocation. Some excellent headline rates to be found here and there's never a shortage of loans on the secondary market, albeit invariably at a mark-up. Expect delays in payment and the occasional default on this platform.

northbob

yorkie3 wrote: »

Remember that the 30 day rolling market in Ratesetter is anything but. If there is a liquidity event, your money could be locked up for up to 5 years.

Why? Can you explain please.

elliottmp2p

jack_pott wrote: »

I spent a couple of quid on the Tilbury to Gravesend ferry once, that's pier to pier.

Gravesend is risky and without much interest.