alibaba
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Post by alibaba on Dec 18, 2018 12:30:57 GMT
Thought it would be a good idea to ask some of the contributors on this forum for their input on p2p investment for 2019.
I started in 2013 with TC became apparent after two years that this was a mistake 300k invested, I have been trying to remove funds for the past two years, now down to 90k expect a loss of 60k worth of capital.
Next stop AC 300k in 2016, without my knowledge they invested 20k in one loan via GBA1 and 15k in one loan via GEA both in default, I have been reasonably successful in the MLA by using greater diversification, but due to the way that AC are dealing with large loans in default I am trying to remove funds ASAP,
100k in Bridge crowd have been with them for 12 months no defaults to date and 8 percent return.
Ditto HNW and Proplend
Also invested in BondMason, again 8 percent (before fees) but the website does not seem as simple and understandable as HNW, BC and PL but have to say large sum withdrawn and paid within 24 hours.
I have made lots of mistakes, not enough DD, too keen to fully invest, insufficient diversification etc, etc.
Thoughts and ideas would be appreciated.
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Steerpike
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Post by Steerpike on Dec 18, 2018 13:01:20 GMT
When I started with P2P I directed too much of my attention to deal flow, ease of use, presentation of information, communications, and so on.
Nowadays I am more concerned with the quality of loan management and viability of the underlying business.
Like you, to date, I am very happy with the performance of BridgeCrowd, less so with most of the 30 or so other platforms that I have used in the last nearly 6 years, although I am also currently reasonably comfortable with Assetz, Unbolted, and (to my surprise) RateSetter.
Recently, I have also increased holdings somewhat with Octopus, Downing Crowd, and Landbay.
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Post by geldregiertdiewelt on Dec 24, 2018 23:39:38 GMT
Ever considered investing in EUR based (continental) platforms?
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scc
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Post by scc on Dec 25, 2018 10:48:48 GMT
I'm only in Abundance and Ratesetter. I think I've probably peaked on both platforms as overall I'll be drawing down returns of capital and interest and making sure I'm more liquid.
Abundance in particular isn't diverse enough and the pipeline is trending towards fewer larger loans and less new renewable projects. They feel very well run though. I'll continue to trickle smaller amounts into new Abundance offerings.
Ratesetter, for all of its tweaks, I'm getting more comfortable with - but it takes a lot of work to get decent(ish) rates.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jan 3, 2019 1:57:16 GMT
TSB offering 5% for up to £1500 . For smaller investors it’s 100% safe and only £500 monthly input.
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cwah
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Post by cwah on Jan 25, 2019 6:38:20 GMT
I'm thinking to buy dividend stock to diversify.
Is bridgecrowd much better?
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pom
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Post by pom on Jan 25, 2019 9:43:29 GMT
I'm thinking to buy dividend stock to diversify. Is bridgecrowd much better? Only if you're happy with min 5k per loan
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IFISAcava
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Post by IFISAcava on Jan 25, 2019 11:16:13 GMT
I'm thinking to buy dividend stock to diversify. Is bridgecrowd much better? Only if you're happy with min 5k per loan This is the main issue - so really you need at least £250K and ideally £500K plus in P2P lending to mitigate risk. But otherwise a good platform from my experience with them - I only left as they don't have an ISA and all my P2P is now IFISA based.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 25, 2019 11:36:48 GMT
They dont have an ISA because they are not true P2P, they offer unregulated bridging loans, not 36H. Nothing wrong with platform AIUI, probably one of the better ones but need to fully understand what you are investing in to assess risk.
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