groon
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Post by groon on Mar 3, 2017 13:46:11 GMT
The potential outcome of this hearing is to some extent currently unknown. Translation: "We haven't a clue what's happening."
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groon
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Post by groon on Feb 28, 2017 17:23:09 GMT
I started with £1,000 on 23 Jan and trickled in a further £1,500 since and suddenly today I'm 100% invested
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groon
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Post by groon on Feb 19, 2017 21:00:04 GMT
Welcome zendogI limit my P2P lending to 20% of my total savings and investments. I wouldn't feel comfortable pushing it any higher. I recognise that's not a scientific approach, but it works for me. I started about 5 years ago with Zopa and Ratesetter and over the years I've added Funding Circle, Funding Knight, RebuildingSociety, Assetz and -- recently -- BondMason. I'm currently rebalancing towards the last two and I'm running down what I have in FK and RbS. I'm keeping Ratesetter on as I feel the recent rule change is not unreasonable and I wish to maintain a diverse portfolio. As others will tell you, diversification both within and between platforms is the key. Enjoy!
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groon
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Post by groon on Jan 19, 2017 10:40:45 GMT
Just updated my spreadsheet.
Aaah, that feels good.
Might need to update it again later today. Just like I have every day for the past 5 years.
Of course, I could walk away from it if I wanted to. Sure.
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groon
Posts: 39
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Post by groon on Jan 6, 2017 15:11:23 GMT
Yes it is a bit horrid, and probably more horrid than it needs to be, but it's still less horrid than the old paper form!
I used it, my missus used it and (with a bit of help) my mother-in-law used it, and it worked for all of us.
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groon
Posts: 39
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Post by groon on Dec 9, 2016 16:04:55 GMT
.....back!
New loan for a returning borrower listed today.
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groon
Posts: 39
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FundingKnight
FK gone?
Nov 5, 2016 20:05:21 GMT
Post by groon on Nov 5, 2016 20:05:21 GMT
FK was my favourite lending platform -- easy to use and drawdown always taking place at close of auction, plus I was getting a 9% net return, better than the other 5 platforms I use. And withdrawal of spare funds (sadly, my only activity on FK now) is always processed quickly.
BUT with no new loans appearing I am beginning to lose confidence. And each time I'm told that new lending opportunities are just around the corner and then they don't appear, I lose a little more. I'll be interested to see, once a new loan request does materialise, how many lenders pitch in. The longer this goes on, the less likely I am to be one of them.
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groon
Posts: 39
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Post by groon on Sept 22, 2016 14:00:46 GMT
... I'd be interested to know where your P2P cash goes - does it include Wellesley and AC QAA or are there others too? Thanks for your interest Paul123. Just under half my P2P cash is in Ratesetter 1-year and about 10% is in Zopa Classic; I'm getting just over 4% on those. About 20% is in AC, spread across manual, green energy, GBBA and QAA; I'm getting 7.4% on that just now but I have a few quid in Ippy and Eppy so that may dip. The rest is in FC (5.5%), ReBS (7%) and FK (9%). I just realised, I'm on six platforms, not five as I originally wrote. Ho-hum, can't add up. Thank you other posters for your comments and advice, which are much appreciated. My level of understanding of these matters can only go up and with any luck, so will my returns
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groon
Posts: 39
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Post by groon on Sept 21, 2016 12:47:11 GMT
As a risk-averse saver with no understanding of nor appetite for stocks & shares, I have 20% in P2P (built up over the last 4 years), 2% in Premium Bonds and the remainder in conventional savings accounts -- including cash ISAs and fixed-term bonds -- with banks and building societies (all within the FSCS limit). The money in P2P is currently achieving an average net return of 5.26% across five platforms, using a mixture of highly diversified short- and longer-term loans. That's helping me to achieve a net return of 2.58% on my savings overall, which includes cash earning no interest. Given my risk-aversity and the currently low level of inflation, I'm content with that. I have carefully considered increasing the proportion of my savings in P2P, but having been reading this forum for a while I'm thinking 20% is about right. Some of my even more risk-averse friends are totally aghast that I lend through P2P at all.
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