Investing 'surplus' cash that isn't for retirement?

george4064

JustAnotherSaver said:

Well i did a Google search of the very first term used - PNL. Turns out that relates to a French rap duo.

I'll need to hit the funds list on Hargreaves Lansdown and see if i can find anything matching those terms.

Eek! Best to search those short codes with ‘trust’ at the end, or simply search those short codes on reputable sites such as HL or AJ Bell to get suitable results.

Albermarle

Aceace said:

Albermarle said:

Until a couple of years ago , some people would have suggested P2P as a possible  home for medium term money , that was not critical for your main finances. Interest rates varying from 4% to 12 % .
Even before Covid cracks appeared , especially amongst the ones offering double digit returns , which have largely disappeared/packed up/gone bust. . Covid of course brought a lot more stress. However some P2P companies have survived and are operating normally or at least on the road back.
Worth a look as a possible medium term  alternative for a small % of your overall money, but proceed with caution.

At last, a sensible suggestion by a respected poster, where P2P would appear to be a good solution. Not all
P2P platforms are basket cases. A platform at the lower risk end, like Loanpad.com, would appear to offer exactly what the OP is looking for. A return of 4% for 60 day access. Capital is at risk and access has never been delayed (though can't be guaranteed), but that appears to be acceptable to the OP.

Also Assetz Capital is slowly reducing the various restrictions it had to impose, and I think will be pretty much back to normal by the Summer. Their 30 day account offers a similar rate to Loanpad, although I think new investors would be better waiting for the liquidity to hopefully improve further over the coming months .

Aceace

Albermarle said:

Aceace said:

Albermarle said:

Until a couple of years ago , some people would have suggested P2P as a possible  home for medium term money , that was not critical for your main finances. Interest rates varying from 4% to 12 % .
Even before Covid cracks appeared , especially amongst the ones offering double digit returns , which have largely disappeared/packed up/gone bust. . Covid of course brought a lot more stress. However some P2P companies have survived and are operating normally or at least on the road back.
Worth a look as a possible medium term  alternative for a small % of your overall money, but proceed with caution.

At last, a sensible suggestion by a respected poster, where P2P would appear to be a good solution. Not all
P2P platforms are basket cases. A platform at the lower risk end, like Loanpad.com, would appear to offer exactly what the OP is looking for. A return of 4% for 60 day access. Capital is at risk and access has never been delayed (though can't be guaranteed), but that appears to be acceptable to the OP.

Also Assetz Capital is slowly reducing the various restrictions it had to impose, and I think will be pretty much back to normal by the Summer. Their 30 day account offers a similar rate to Loanpad, although I think new investors would be better waiting for the liquidity to hopefully improve further over the coming months .

Yes, full liquidity hasn't quite returned yet at AC, but it's generally available for a free of 0.1% (equivalent to 10 days interest on the "Quick" Access Account). Both platforms have IFISAs. Worth splitting cash over both (or even more) for better chances of access when one has liquidity issues. 

thegentleway

Mickey666 said:

Interesting thread title:  "Investing 'surplus' cash that isn't for retirement?"
I've tended to invest all my 'surplus' cash on enjoying myself as much as possible.  What else is it (and life) for?

Doing good?

Aceace

Mickey666 said:

Interesting thread title:  "Investing 'surplus' cash that isn't for retirement?"
I've tended to invest all my 'surplus' cash on enjoying myself as much as possible.  What else is it (and life) for?

😆 I agree, but unless you want all your enjoyment today, you'll need somewhere to store cash for tomorrow's enjoyment! 🙃

JustAnotherSaver

george4064 said:

JustAnotherSaver said:

Well i did a Google search of the very first term used - PNL. Turns out that relates to a French rap duo.

I'll need to hit the funds list on Hargreaves Lansdown and see if i can find anything matching those terms.

Eek! Best to search those short codes with ‘trust’ at the end, or simply search those short codes on reputable sites such as HL or AJ Bell to get suitable results.

I got there in the end I think. I used the 3 letters on HL and found nothing.
I Googled wealth preservation funds and through some URLs I THINK I found what was mentioned.
To check I'm on the right path... They were showing up as shares though, and not funds? 

JustAnotherSaver

Mickey666 said:

Interesting thread title:  "Investing 'surplus' cash that isn't for retirement?"
I've tended to invest all my 'surplus' cash on enjoying myself as much as possible.  What else is it (and life) for?

Whatever floats an individuals boat.
Some people like to put their money towards cancer sticks. I don't.
Each to their own. 

JustAnotherSaver

Aceace said:

Albermarle said:

Until a couple of years ago , some people would have suggested P2P as a possible  home for medium term money , that was not critical for your main finances. Interest rates varying from 4% to 12 % .
Even before Covid cracks appeared , especially amongst the ones offering double digit returns , which have largely disappeared/packed up/gone bust. . Covid of course brought a lot more stress. However some P2P companies have survived and are operating normally or at least on the road back.
Worth a look as a possible medium term  alternative for a small % of your overall money, but proceed with caution.

At last, a sensible suggestion by a respected poster, where P2P would appear to be a good solution. Not all P2P platforms are basket cases. A platform at the lower risk end, like Loanpad.com, would appear to offer exactly what the OP is looking for. A return of 4% for 60 day access. Capital is at risk and access has never been delayed (though can't be guaranteed), but that appears to be acceptable to the OP.

I've seen the term P2P around here for long enough but never bothered to look in to it really until this morning. Even that wasn't 'looking into', more a quick Google at breakfast finding results of people struggling to get access to their cash during the pandemic. 

Aceace

JustAnotherSaver said:

Aceace said:

Albermarle said:

Until a couple of years ago , some people would have suggested P2P as a possible  home for medium term money , that was not critical for your main finances. Interest rates varying from 4% to 12 % .
Even before Covid cracks appeared , especially amongst the ones offering double digit returns , which have largely disappeared/packed up/gone bust. . Covid of course brought a lot more stress. However some P2P companies have survived and are operating normally or at least on the road back.
Worth a look as a possible medium term  alternative for a small % of your overall money, but proceed with caution.

At last, a sensible suggestion by a respected poster, where P2P would appear to be a good solution. Not all P2P platforms are basket cases. A platform at the lower risk end, like Loanpad.com, would appear to offer exactly what the OP is looking for. A return of 4% for 60 day access. Capital is at risk and access has never been delayed (though can't be guaranteed), but that appears to be acceptable to the OP.

I've seen the term P2P around here for long enough but never bothered to look in to it really until this morning. Even that wasn't 'looking into', more a quick Google at breakfast finding results of people struggling to get access to their cash during the pandemic. 

Yes, many P2P platforms have suffered from liquidity issues during the crisis, including AC (though, as stated above, liquidity has returned there for a very small fee). However, some platforms have proved themselves during this crisis. For instance, Loanpad has maintained liquidity throughout. I tested them with several 5 figure withdrawals at the height of the troubles and all funds were returned according to the terms (next day for the standard account, 60 days later for the premium account).
That's not to say that some other black Swan event couldn't cause them issues. For instance, a drop in property prices of over 50% in a short time would likely cause issues, but how likely is that?
Fair enough if it's not for you, but it's something that I felt met your brief. I've been using Loanpad for 18 months now for a very similar use to the one you described (a middle ground between savings and S&S investments for up to 7 year terms).

Albermarle

JustAnotherSaver said:

george4064 said:

JustAnotherSaver said:

Well i did a Google search of the very first term used - PNL. Turns out that relates to a French rap duo.

I'll need to hit the funds list on Hargreaves Lansdown and see if i can find anything matching those terms.

Eek! Best to search those short codes with ‘trust’ at the end, or simply search those short codes on reputable sites such as HL or AJ Bell to get suitable results.

I got there in the end I think. I used the 3 letters on HL and found nothing.
I Googled wealth preservation funds and through some URLs I THINK I found what was mentioned.
To check I'm on the right path... They were showing up as shares though, and not funds? 

They are Investment Trusts .