jlend
Member of DD Central
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Post by jlend on Dec 18, 2023 18:23:48 GMT
I've had about 1/2 the amount I have invested in Loanpad invested in Easymoney. It's all part of a balanced diet, eggs in one basket etc. As far as I know nobody lost money on this platform and I've had money there for some years now. The site and proposition is so simple that I don't think about it very often. I'd be very interested to know if anyone ever had a default in one of their loans. Not seen anything since I started investing in easymoney in June 2021. I see it is reported easymoney are the largest IFISA provider by £. In the early days they reported their average lender rate was close to their High Net Worth rate so they must have been funded primarily with £1m lenders, I expect the profile has changed since then given a few news articles they have contributed to. I suspect many of their lenders never come to this forum.
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 742
Likes: 835
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Post by p2pfan on Apr 4, 2024 11:39:21 GMT
With many other property-backed P2P lending platforms incapable of getting money back from a significant ratio of borrowers, I'm becoming hesitant about lending through them. However, I am considering investing with easyMoney in the new tax year. My investments with easyMoney are performing splendidly at the moment, as it seems some other people's are based on the reviews on Trustpilot etc., but what are your thoughts about how easyMoney's loans may perform going forward? Also, any indications of the platform failing?
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Post by willsmithgrrrr on Apr 6, 2024 10:47:45 GMT
Great to see lots of comments on this board. I am only invested P2P wise in Easymoney and Loanpad as I see these two as some of the safest platforms. Safe means much more to me than higher interest and I have a fair bit invested in both. I say invested and not savings as that is what they are investments. Personally I don't invest in Stocks/Shares anymore, I have had my years of that but I need a half way house between full on investing and saving.
Loanpad is fully diversified as far as I know but Easymoney is not and that adversely increases your risk of loss in a meltdown and fallout scenario, seen many times here. When Growth Street closed their doors I was never worried about any losses including interest because every investor had the same exposure irrespective of individual loan performance.
Fully appreciate the need to be in P2P that your comfortable with but is only 2 P2P really enough diversification for the risks platform administration ? The problem is finding enough P2P platforms that are run well enough to lessen the risks. Proplend , Kuflink, AE, Crowdproperty ( at a push ) probably could find a space in an semi ideal P2P portfolio even if these P2P were at a lower overall % Regards
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Post by busybee on Apr 9, 2024 8:12:26 GMT
Loanpad is fully diversified as far as I know but Easymoney is not and that adversely increases your risk of loss in a meltdown and fallout scenario, seen many times here. When Growth Street closed their doors I was never worried about any losses including interest because every investor had the same exposure irrespective of individual loan performance.
Fully appreciate the need to be in P2P that your comfortable with but is only 2 P2P really enough diversification for the risks platform administration ? The problem is finding enough P2P platforms that are run well enough to lessen the risks. Proplend , Kuflink, AE, Crowdproperty ( at a push ) probably could find a space in an semi ideal P2P portfolio even if these P2P were at a lower overall % Regards
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Post by busybee on Apr 9, 2024 8:16:14 GMT
I see that easymoney are again increasing their interest rates by an additional 0.25% after their next interest payment date.
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liso
Member of DD Central
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Post by liso on Apr 9, 2024 8:24:32 GMT
I see that easymoney are again increasing their interest rates by an additional 0.25% after their next interest payment date. Where did you see that, please? Looked on their website but can't find it
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