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Loanpad P2P - Reviews, experiences, info or updates, post them here. I'm having a dabble.
Comments
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Yes, getting cash out has been equally as slick
With any of my P2P accounts , getting cash transferred from my cash account was never a problem , even in the depths of the Covid problems . What was a problem was getting money into the cash account in the first place, as loans etc needed to be sold and this was just not possible at the time and still not possible with some P2P sites. You just have to wait for the loans to payback ( or not ) and let the cash build up slowly before withdrawing it.
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Malkytheheed said:I've used Kufflink for a few years with absolutely no problems at all. That said, I still think I'm going to chuck it next year. The reason being the returns just aren't worth it for me. Most loans get 6-7% returns. Factor in there is quite a high element of risk, your money is locked away for at least a year, and inflation running at say 4% means your actual returns are 2-3%. Just not worth it fdor me anymore. Would rather put my capital elsewhere.0
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Technoholic said:Where would you put it to get a better return but better risk profile? Would like to know as I'm trying to work out where to invest currently, mainly for income but ideally some capital growth
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Alexland said:Technoholic said:Where would you put it to get a better return but better risk profile? Would like to know as I'm trying to work out where to invest currently, mainly for income but ideally some capital growth1
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Aceace said:To imply that you are likely to suffer a sudden 100% loss in P2P is nonsense. If you pick a reputable platform, like Loanpad which we are discussing here, you would be no more likely to suffer a sudden 100% loss than in a UK investment trust.
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Alexland said:Aceace said:To imply that you are likely to suffer a sudden 100% loss in P2P is nonsense. If you pick a reputable platform, like Loanpad which we are discussing here, you would be no more likely to suffer a sudden 100% loss than in a UK investment trust.0
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Aceace said:I think that neither are likely to "suffer a sudden 100% loss", which was what you were implying.
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Alexland said:Aceace said:I think that neither are likely to "suffer a sudden 100% loss", which was what you were implying.0
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Aceace said:But implying they were likely to suffer a sudden 100% lossI didn't quite say that. The possibility of a 100% loss is certainly something you need to consider when investing with a small P2P company and more probable than if you invested in a more established investment with higher quality and more liquid underlying assets.0
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Alexland said:Aceace said:But implying they were likely to suffer a sudden 100% lossI didn't quite say that.0
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