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Post by ladywhitenap on May 13, 2015 9:46:33 GMT
How many is too many or just right?
I've just surprised myself counting up to find I have 60 loans in my list. 5 are either formally in some sort of trouble or regularly pay late.
Should I stop now, consolidate or what?
I have a modest rental income together with funds I'm gradually withdrawing from Zopa as their repayments accumulate so I need a home for about £550 pcm
Any Thoughts
LW
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SteveT
Member of DD Central
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Post by SteveT on May 13, 2015 9:55:24 GMT
Can't see any reason why you'd stop or consolidate (greater diversification is always a plus) but have you considered other platforms and other asset classes of P2P. Eg. Saving Stream / Ablrate / Assetz Capital for property and infrastructure secured loans, Funding Secure / Moneything for other asset-backed loans (generally smaller)?
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Post by ladywhitenap on May 13, 2015 15:52:07 GMT
Interesting thought Steve, thank you.
Perhaps it is worth considering diversification on that axis although having spent a year or so now learning my way round the somewhat eccentric REBS website, the thought of encountering a different site to feel my way round is a bit daunting!
LW
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SteveT
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Post by SteveT on May 13, 2015 16:03:17 GMT
A platform like Saving Stream is dramatically simpler than the likes of ReBS / FC / FK. There's still plenty of availability on their latest property loan (PBL 033), all their loans offer 12%pa and your money earns interest the moment you buy the parts. No bidding and waiting required!
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Post by shadoh on May 14, 2015 15:42:27 GMT
12% but also you've lent 100% + of the value of the land as it doesn't quite have planning consent. and does Hemel Hempstead really need a super duper energy efficient building?
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