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Post by khampson on Feb 10, 2022 22:28:40 GMT
Hi, I am using Unbolted, I love this company however the demand is so high there is cash drag and you can't get away from that, I am looking for another platform with auto lend, loans up to 1 year with a return if 6%+, can anyone recommend another p2p I can invest in.
Thank you
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Post by df on Feb 10, 2022 23:08:20 GMT
Hi, I am using Unbolted, I love this company however the demand is so high there is cash drag and you can't get away from that, I am looking for another platform with auto lend, loans up to 1 year with a return if 6%+, can anyone recommend another p2p I can invest in. Thank you There is a shortage of auto-lend comparing to what it was few years ago. Elfin Market is auto - my XIRR is 6.22% (12 month investment). Kuflink is offering auto-invest at up to 7%.
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tallsuk
Member of DD Central
Posts: 142
Likes: 125
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Post by tallsuk on Feb 11, 2022 11:29:33 GMT
I agree that Unbolted is a great platform and it makes autolend really simple but I think the best advice from people who know far more about these sort of things is to spread your money across numerous platforms and hundreds of loans. Platforms do fail and the only way you can protect yourself is to spread your money.
6% is a reasonable target but for that sort of return it is reasonable to put in a little bit of time to research the best solutions. A good place to start is the 4th way website , http://www.4thway.co.uk.
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Post by df on Feb 11, 2022 20:48:38 GMT
I agree that Unbolted is a great platform and it makes autolend really simple but I think the best advice from people who know far more about these sort of things is to spread your money across numerous platforms and hundreds of loans. Platforms do fail and the only way you can protect yourself is to spread your money. 6% is a reasonable target but for that sort of return it is reasonable to put in a little bit of time to research the best solutions. A good place to start is the 4th way website , http://www.4thway.co.uk. Thousands of loans is even better. The problem we are facing now is the availability (lack of it) of loans for diversification, p2p industry has significantly shrunk. And of course, the main risk is the collapse of platform - we've learned now what 'platform in administration' means in practice. Overexposing to one single platform (even if it looks great) is a very risky practice.
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