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Post by ladywhitenap on Jan 29, 2018 15:29:07 GMT
I'm a keen fan of ABL and MT but going off LL and so the cash is accumulating from LL and I feel adequately exposed on MT and ABL so looking for another good communicating, asset back platform.
This is by no means a criticism of ABL but with the general care that they pick their borrowers, there are insufficient new ones to give the diversity that I seek.
Where would you suggest that I look next please.
LW
NB I have deliberately posted here so those reading who share similar positive feelings about ABL might be in a similar position and just a bit ahead of me
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andy1
Member of DD Central
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Post by andy1 on Jan 29, 2018 15:33:13 GMT
I started last year with ABL and MT then moved on to COL and UNB if that helps.
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Post by df on Jan 29, 2018 15:37:43 GMT
COL, UB, AC, Huddle Capital. Although iirc there are only 4 secured loans on Huddle so far.
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steveb
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Post by steveb on Jan 29, 2018 15:53:23 GMT
COL is quite popular. Most of my p2p money is split equally between ABL and COL.
Of the platforms I have been with, COL is one of the better sites for communication. Also getting money in and out of the platform is generally very quick.
There are a few loans on the primary and secondly market at the moment.
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drgonzo
Member of DD Central
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Post by drgonzo on Jan 29, 2018 16:12:22 GMT
I'm also happy with my current level of investment in ABL, but I'm hoping their forthcoming Portfolio Loans will offer a new avenue for diversification. I'll increase my investment in the AC 'grey-box' accounts once they fix their diversification issues and clarify the situation with the provision fund, which will hopefully be in the next month or so. COL have some good loans, but most of the new offerings are development loans similar to those offered at the usual-suspect sites, albeit they are generally more competitive on rates / cashback. I've just ventured back in to Lendy after almost a year  , but only in two or three of their well progressed development loans (H***. Quay being the main one). Wise Alpha and Property Partner are next on my list to try based on my research, but I don't have any first-hand experience of them yet so can't recommend. |
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Post by Deleted on Jan 29, 2018 16:54:21 GMT
COL, I'd hold off for a few months, it looks a bit critical at the moment,
UB I might look again at start of 2019
Sorry I think sit on your hands is the right decision at the moment
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Post by davids on Jan 29, 2018 17:15:15 GMT
i'm new to Ablrate but so far i'm a big fan.
What i also like the look of is unbolted, put in an amount, set up auto-invest to invest small portion of your cash into loans and let it work for you, and if the payments are late, UB have the assets so recovery is very good from what i'd heard, loans are usually 6months. I used to invest my portfolio heavily into Lendy because i understood the platform, how it worked etc, but now i'm looking to bring up my other investments rather than pour anything else into lendy, or potentially reduce Lendy.
LW to me seems a safe option, but charge 0.6% or £20 when you want to end a loan early, so i think for me personally whatever i put in here i'll always leave in there, i'll see it like buying something for £10 at the shop if a deposit £10, it's money i won't won't back. Same can be said for PM, money I put into PM i don't feel like i'll see back easily.
I have also recently dipped a small toe into COL so nothing to say about it really but i like the look of the site, as well as looking at MT, but as of yet i haven't seen any new loans on MT since signing up. As well as COL and MT i'm looking at AC and their black box type accounts, i did put in £10 to see how they diversified in the 30day access account and my money got split instantly between 332 loans, maximum invested in 1 loan was £0.65, and lowest actually displayed as £0.00 so a bit unsure as to what is going on there.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jan 29, 2018 17:22:01 GMT
i'm new to Ablrate but so far i'm a big fan. What i also like the look of is unbolted, put in an amount, set up auto-invest to invest small portion of your cash into loans and let it work for you, and if the payments are late, UB have the assets so recovery is very good from what i'd heard, loans are usually 6months. I used to invest my portfolio heavily into Lendy because i understood the platform, how it worked etc, but now i'm looking to bring up my other investments rather than pour anything else into lendy, or potentially reduce Lendy. LW to me seems a safe option, but charge 0.6% or £20 when you want to end a loan early, so i think for me personally whatever i put in here i'll always leave in there, i'll see it like buying something for £10 at the shop if a deposit £10, it's money i won't won't back. Same can be said for PM, money I put into PM i don't feel like i'll see back easily. I have also recently dipped a small toe into COL so nothing to say about it really but i like the look of the site, as well as looking at MT, but as of yet i haven't seen any new loans on MT since signing up. As well as COL and MT i'm looking at AC and their black box type accounts, i did put in £10 to see how they diversified in the 30day access account and my money got split instantly between 332 loans, maximum invested in 1 loan was £0.65, and lowest actually displayed as £0.00 so a bit unsure as to what is going on there.let the cursor hover and it will be 0.0000000000000586 p or something to 15 or so decimal places, rounded down on display as £0.00
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,875
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Post by ilmoro on Jan 29, 2018 20:27:38 GMT
i'm new to Ablrate but so far i'm a big fan. What i also like the look of is unbolted, put in an amount, set up auto-invest to invest small portion of your cash into loans and let it work for you, and if the payments are late, UB have the assets so recovery is very good from what i'd heard, loans are usually 6months. I used to invest my portfolio heavily into Lendy because i understood the platform, how it worked etc, but now i'm looking to bring up my other investments rather than pour anything else into lendy, or potentially reduce Lendy. LW to me seems a safe option, but charge 0.6% or £20 when you want to end a loan early, so i think for me personally whatever i put in here i'll always leave in there, i'll see it like buying something for £10 at the shop if a deposit £10, it's money i won't won't back. Same can be said for PM, money I put into PM i don't feel like i'll see back easily. I have also recently dipped a small toe into COL so nothing to say about it really but i like the look of the site, as well as looking at MT, but as of yet i haven't seen any new loans on MT since signing up. As well as COL and MT i'm looking at AC and their black box type accounts, i did put in £10 to see how they diversified in the 30day access account and my money got split instantly between 332 loans, maximum invested in 1 loan was £0.65, and lowest actually displayed as £0.00 so a bit unsure as to what is going on there. AC QAA/30DAA accounts are effectively funds so whatever % of the total fund your £10 represents you get that % of each loan the account invests in though some will be retained as cash within the fund (a significant % is cash to allow the liquidity offered to be realised). One reason you have got some 0 is what appears to be a bug where the QAA/30DAA seem to be still listing repaided loans amongst the loans invested in
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Post by df on Jan 29, 2018 21:18:59 GMT
What i also like the look of is unbolted, put in an amount, set up auto-invest to invest small portion of your cash into loans and let it work for you, and if the payments are late, UB have the assets so recovery is very good from what i'd heard, loans are usually 6months. I used to invest my portfolio heavily into Lendy because i understood the platform, how it worked etc, but now i'm looking to bring up my other investments rather than pour anything else into lendy, or potentially reduce Lendy. Out of platforms I use Unbolted is the most efficient in terms of risk/rate ratio. The only problem is - you can't invest in their loans as much as you want because there are too many investors for a limited amount of cash borrowed. Good luck with reducing Lendy  Comparing these two, my actual annual percentage return is about the same, but the amount of legwork is incomparable.
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garfield
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Post by garfield on Jan 30, 2018 10:47:07 GMT
Short of anywhere else I wanted to put my spare cash at the time, and pulling heavily out of Ly, I invested a small sum in BM towards the end of last year. I love the fact it takes no effort and I'm fully funded as of last week. Thanks for asking the question Lady W. I am in the same boat, mainly wondering where I should put next year's ISA money, if ABL don't come up with enough new loans - I hope they will though!
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Post by waryinvestor on Jan 30, 2018 14:04:56 GMT
"let the cursor hover and it will be 0.0000000000000586 p or something to 15 or so decimal places, rounded down on display as £0.00"
I'm wondering what value do these loans provide. If some of the mney is invested in 30 odd loans in that proportion, what value addition would someone get at the end of 1 year ?
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Jan 30, 2018 14:07:27 GMT
i'm new to Ablrate but so far i'm a big fan. What i also like the look of is unbolted, put in an amount, set up auto-invest to invest small portion of your cash into loans and let it work for you, and if the payments are late, UB have the assets so recovery is very good from what i'd heard, loans are usually 6months. I used to invest my portfolio heavily into Lendy because i understood the platform, how it worked etc, but now i'm looking to bring up my other investments rather than pour anything else into lendy, or potentially reduce Lendy. LW to me seems a safe option, but charge 0.6% or £20 when you want to end a loan early, so i think for me personally whatever i put in here i'll always leave in there, i'll see it like buying something for £10 at the shop if a deposit £10, it's money i won't won't back. Same can be said for PM, money I put into PM i don't feel like i'll see back easily. I have also recently dipped a small toe into COL so nothing to say about it really but i like the look of the site, as well as looking at MT, but as of yet i haven't seen any new loans on MT since signing up. As well as COL and MT i'm looking at AC and their black box type accounts, i did put in £10 to see how they diversified in the 30day access account and my money got split instantly between 332 loans, maximum invested in 1 loan was £0.65, and lowest actually displayed as £0.00 so a bit unsure as to what is going on there. I have just posted on col section about meeting Peter and Gordon yesterday for a follow up. Maybe worth a read.
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, but only in two or three of their well progressed development loans (H***. Quay being the main one).
