benaj
Member of DD Central
Posts: 4,862
Likes: 1,591
|
Post by benaj on Oct 24, 2019 17:23:01 GMT
Only the platform which you have your active largest investment and you are not planning to wind down in the until the start of next tax year 20/21.
|
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Oct 24, 2019 17:48:44 GMT
Unbolted appears to be missing from your list - it's not my largest holding but it's the only one I'm not actually winding down or definitely intending to at the moment. However, next tax year? - six months is too long in P2P land, so I've decided to vote none.
|
|
benaj
Member of DD Central
Posts: 4,862
Likes: 1,591
|
Post by benaj on Oct 24, 2019 17:52:53 GMT
Unbolted appears to be missing from your list - it's not my largest holding but it's the only one I'm not actually winding down or definitely intending to at the moment. However, next tax year? - six months is too long in P2P land, so I've decided to vote none. I was looking at the lending volume from sources online and forgot about it.
|
|
|
Post by df on Oct 24, 2019 18:03:47 GMT
You could also include Funding Ourselves (former Welendus). There probably won't be any ticks for it, but still could be included in this poll I have 5% of my p2p in Welendus.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Oct 25, 2019 7:35:13 GMT
No point in waiting for a new offer from Assetz then. Last year my answer would have been Ablrate, this year it is Assetz. Getting very nervous!
|
|
macq
Member of DD Central
Posts: 1,924
Likes: 1,192
|
Post by macq on Oct 25, 2019 9:06:54 GMT
early days on this poll put it will be interesting to see if people who favour p2p still prefer the 12% higher risk or if there's a move to the so called safer end of the market like Landbay with an asset to sell (but maybe with a lower value then lent against) but with much lower rates
|
|
rogedavi
Member of DD Central
Posts: 100
Likes: 129
|
Post by rogedavi on Oct 25, 2019 16:20:53 GMT
would like to see a poll
What do you anticipate will be your main platform in 2020
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
|
Post by littleoldlady on Oct 25, 2019 17:54:27 GMT
Surprised to see AC with so many votes. Would any (if any) of those voters whose funds are mainly in the QAA care to disclose why they prefer AC to OC?
|
|
|
Post by brightspark on Oct 25, 2019 18:29:42 GMT
Logical choice if AC already being used for investment as funds can easily be lodged in interest savings accounts whilst awaiting buying opportunities. Also can be ifisa. Plenty of choice within AC with the caveat that putting all one's eggs in one platform basket might not be the greatest idea. OC does little to promote itself so personally I am unaware of their niche appeal.
|
|
zlb
Member of DD Central
Posts: 1,412
Likes: 331
|
Post by zlb on Oct 25, 2019 21:02:54 GMT
Surprised to see AC with so many votes. Would any (if any) of those voters whose funds are mainly in the QAA care to disclose why they prefer AC to OC? are they identical?
|
|
bg
Member of DD Central
Posts: 1,368
Likes: 1,929
|
Post by bg on Oct 26, 2019 6:11:41 GMT
Surprised to see AC with so many votes. Would any (if any) of those voters whose funds are mainly in the QAA care to disclose why they prefer AC to OC? AC is much more established, has been running for longer, has a much bigger loan book and therefore more of a track record. Trust and familiarity means a lot in P2P, even more so with so many platforms having gone into administration recently. I understand AC are running a profit (outside periods of investment) and many investors are also shareholders. Rates seem to be much higher on AC as well....plus the access accounts (QAA etc) are very popular due to their ease of use and features.
|
|
macq
Member of DD Central
Posts: 1,924
Likes: 1,192
|
Post by macq on Oct 26, 2019 7:14:46 GMT
Surprised to see AC with so many votes. Would any (if any) of those voters whose funds are mainly in the QAA care to disclose why they prefer AC to OC? AC is much more established, has been running for longer, has a much bigger loan book and therefore more of a track record. Trust and familiarity means a lot in P2P, even more so with so many platforms having gone into administration recently. I understand AC are running a profit (outside periods of investment) and many investors are also shareholders. Rates seem to be much higher on AC as well....plus the access accounts (QAA etc) are very popular due to their ease of use and features. i am in both AC & OC and in terms of pure p2p platforms you could be right with rates ease of use etc. But in the area of of track record,profit and what would happen in administration etc you would assume Octopus as the group rather then then OC on its own,have a strong case as One of the biggest platforms mentioned on this site.As a company they have been around for at least 20 years have investment funds which can be bought on most investment platforms and a big property arm plus things like their energy company and in terms of money in the group may be bigger then anyone else.
|
|
|
Post by mrclondon on Oct 26, 2019 12:00:51 GMT
Surprised to see AC with so many votes. Would any (if any) of those voters whose funds are mainly in the QAA care to disclose why they prefer AC to OC? I'm 100% in MLA at AC but am not adverse to considering accounts with a passing resemblence to QAA .... as will be evidenced by my posts on Loanpad.
The problem with many of these accounts is poor diversification, which means its hard for them to become contenders for 'largest active p2p account'. Loanpad diversification is currently 13.6% in each of 3 largest loans, but the diversification algorithm is easily understandable. By contrast, the diversification algorithm at OC seems opaque, but 10% max exposure to a single loan seems a fixed parameter.
I did consider OC recently, but was put off by this thread, which discusses issues with both diversification and overdue loan reporting.
The diversification in AC's QAA is wide (currently c. 550 loans, max exposure c. 3%), via the MLA interface its clear that there is an extensive loan monitoring process (yes, a few things slip through the cracks, but it gives some comfort), and there is a provision fund that again provides some mitigation against losses (yes, its possible to argue that the PF approach has weaknesses, but it does exist).
In the context of p2p platforms failing (FS was my 2nd largest behind AC, and for most of 2018 was actually my largest), and low loan origination at most platforms hindering diversification, this fascinating poll is in part correlated to the level of diversification a platform is able to offer at present. It is also (unfortunately) correlated to the minimum per loan allowed by the platform. PL has become my number two platform excluding FS, but its min of £1k per loan means it is never going to shine in a poll such as this. Ditto BC with its £5k per loan min.
|
|
|
Post by samford71 on Oct 26, 2019 12:09:01 GMT
I'm always surprised that LendInvest get so few votes. Though now functionally an Alternative Investment Manager, they are effectively the biggest property P2P lender. This forum has never been interested in LI despite it's size and track record. I've alwys preferred their SICAV fund (since it offers somewhat better returns), but their platform product seems perfectly decent, if unexciting (no SM, yields are more like 4-7% than 10-12% etc).
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
|
Post by littleoldlady on Oct 26, 2019 12:45:03 GMT
I'm always surprised that LendInvest get so few votes. Though now functionally an Alternative Investment Manager, they are effectively the biggest property P2P lender. This forum has never been interested in LI despite it's size and track record. I've alwys preferred their SICAV fund (since it offers somewhat better returns), but their platform product seems perfectly decent, if unexciting (no SM, yields are more like 4-7% than 10-12% etc). And no ISA which is why I am running down, which is a pity. I can recommend LI to non taxpayers or even 20% payers as a trouble free low maintenance platform. I made a few £k in interest with no losses over a 3 year period.
|
|