DeafEater
Member of DD Central
Extremely Moderate
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Post by DeafEater on Jun 10, 2016 15:16:35 GMT
The missing factor is how many existing P2P lenders with existing ISAs (cash/shares, up to 1/4£m in them possibly) will want to move some/all of it into P2P. Even 10% moving 10% would be an awful lot of new capital. True but I already have quite enough money in P2P to satisfy my risk appetite so when IFISAs finally become a reality, I shall be giving with one hand and taking away with the other. I suspect I'm not alone in that regard.
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jonah
Member of DD Central
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Post by jonah on Jun 11, 2016 17:18:12 GMT
True but I already have quite enough money in P2P to satisfy my risk appetite so when IFISAs finally become a reality, I shall be giving with one hand and taking away with the other. I suspect I'm not alone in that regard. You're not. Currently I'm a little more than half of my RS target... Once the ISA kicks in, depending on the rate 'dip' I will be pushing up to target. Due to the multi year nature of RS loans and my spread of 3/5 year loans, I will probably end up going slightly over target temporarily whilst I what for non wrapped cash to come back. That said, my cash is minor in the scale of things. More likely though, large platforms will not doubt advertise a lot once they have ISAs which will bring in some more of the masses.
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