mogish
Member of DD Central
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Post by mogish on Feb 23, 2022 18:32:01 GMT
Where are most folks depositing (if we have any left after April price increases!)this years ISA money?
P2P, S&S, fixed rate accounts, property etc? And whats your reasoning for your choice.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Feb 23, 2022 19:50:05 GMT
Even if you're experienced & fully versed in the myriad risks of P2P, and you l ike P2P, putting yer twenty grand into a *P2P ISA has got to be arguably the worst possible financial decision most people could make. All IMHO of course!  * Can't claim Capital Losses against P2P Interest. Often inflexible and/or punitive Terms & Conditions. Other reasons I can't be bothered to list but the previous two alone would do it for me ................  |
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Post by Ace on Feb 23, 2022 19:58:56 GMT
This year's allowance has been trickling into Proplend. Any unused allowance will be parked in my Nationwide cash ISA so that it can be spread over multiple P2P platforms from April 6th.
Next year's allowance will be fed into a higher rate P2P platform as loans I like become available, haven't decided which one yet. The above will be repeated with any unused allowance.
My S&S investments are already wrapped (almost solely global index trackers), and I'm not adding any more there at the moment. I might have split it 50:50 between P2P and S&S if I was adding to S&S, but it wouldn't really make much sense for me because I expect more profit from my higher rate P2P than my long term average in S&S.
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Post by gramsky on Feb 23, 2022 19:59:17 GMT
Not increasing my exposure to P2P lending, just moving some money around to different providers.
Although not in an ISA, I have bought Gold, Silver, Platinum & Palladium bullion allocation.
Bought a newer car and spending some money on the house.
Maybe buy a share in my partners house.
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mogish
Member of DD Central
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Post by mogish on Feb 24, 2022 12:18:23 GMT
Not increasing my exposure to P2P lending, just moving some money around to different providers. Although not in an ISA, I have bought Gold, Silver, Platinum & Palladium bullion allocation. Bought a newer car and spending some money on the house. Maybe buy a share in my partners house. Considering events of the last 24hrs, gold maybe the most sensible option right now. Markets are plummeting.
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james100
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Post by james100 on Feb 24, 2022 14:13:25 GMT
Not increasing my exposure to P2P lending, just moving some money around to different providers. Although not in an ISA, I have bought Gold, Silver, Platinum & Palladium bullion allocation. Bought a newer car and spending some money on the house. Maybe buy a share in my partners house. Considering events of the last 24hrs, gold maybe the most sensible option right now. Markets are plummeting. Palladium has, unsurprisingly, gone through the roof.
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