P2P Lending

Fatbritabroad

Drp8713 wrote: »

Its not just the discount or premium, its also the trailing interest you pay upfront.

I was the same as you, was about £25 down on a £2100 investment to become fully invested, I am now £20 up, I have been invested for two months now.

Yes sorry I was kind of including that I'm the premium. That and checking there isnt just a month to go on the loan!

Drp8713

Yes I aim for the longest duration loans. I want to lock in 12-14% loans in case they are not available in the future.

Rule of 72 says 5-6 years to double my money at those rates if I keep reinvesting proceeds.

bigadaj

I wouldn't use an auto lend platform or process, each offering is unique and the attractiveness depends on the due diligence and value of secured assets as well as the return, there's also the fact that the rates in the individual loans are far higher.

You're effectively making a secured loan each time, to get good diversification then you need to make relatively small investments over large numbers of loans, which can be time consuming. I find it interesting to review the offerings and view the discussion on the independent forum but for many it might be considered too much like hard work. However that's the only way to provide a good level of confidence that defaults will be limited to a small percentage of your portfolio if and when they occur.