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Post by carol167 on Nov 10, 2017 9:36:20 GMT
P2P 44.47% (across 10 platforms - slowly decreasing some, stable on others, not increasing any in the short term)
Shares 14.16% (Increasing - pound cost averaging, mostly passive indexing)
Cash 41.37% (Various, PB, several maxed out bank offerings, fixed int bonds from a few years ago, idle cash)
Doesn't include house or FS pension.
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Post by bluechip on Nov 10, 2017 10:29:27 GMT
50% - Cash & Bank Bond's/ISA's - what the Mrs calls 'safe', what I call 'a waste' - but happy to yield as I think a recession is imminent
25% - Equities & Bonds (mostly funds like Fundsmith, few individual shares like Begbies Traynor (Insolvency specialists), and a few hedges on ETFS Gold & Silver, Short S&P (losing big on this one but the time will come))
10% - Commodities trading, trying my hand at Sugar, Natual Gas, Cocoa, Cotton, Copper etc on a range of 1X, 2X, 3X long and shorts). Fun, but risky and I'm getting better despite losing a lot when I first chanced my arm - just about broke even on that after 8 months of 'playing'
5% - P2P, was in around 12 platforms, pulling out of every one now aside from Assetz
5% - Highly Speculative - Things like Seedrs, Football Index, (this is proving to be very profitable, great dividends and good fun if you like football)
5% - Property/Home
I did have around 50% of my money in P2P 12-18 months ago, I have whipped everything out where I can. Got some lingering with FS, Lend Invest, Lendy, Funding Knight and REBS (although anything that is clawed in from them in particular will be a huge bonus). I have gone from a passionate P2P advocate to very very dubious over the past 12 months in particular.
One thing I have noticed is a lot of the individual shares in companies I purchased in the UK, not necessarily the massive top 20 FTSE ones, but the others have all lost between 10-20% over the past 12 months or so, maybe I'm just bad at picking, but the insolvency company I invested in has shot up by 20% over the past few months. I also note the rise in markets like the NASDAQ is on account of just a small handful of firms, the majority are not doing very well. I'm trying to hedge accordingly, but it's difficult to know where to put my money as 50% losing out to inflation is already killing me and I kind of hate investing in things which rely on a crash to pay off as well. Conundrums!
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Post by valerieb on Nov 10, 2017 12:45:38 GMT
P2P 80%
S&S 18%
Cash 2%
Husband has no P2P so the balance isn't as extreme as the figures suggest.
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Post by marx on Nov 10, 2017 13:12:48 GMT
I bought £250 of bitcoin ~4 years ago, now worth ~£40,000. Hard to cash in when it could continue to go up! Bought ethereum in June, it's been fairly flat since then (compared to bitcoin), but currently up 10%. Well done :-) Yeah, good work. IMHO ETH is a good hold, cos while the effects of that hard fork will temper enthusiasm in the medium term, they remain effectively blockchain infrastructure. BTC, while currently bigger, is far less legit. My worry is that the governance aspect has gone bad, it's become localised in Chinese mining consortia, and the Chinese Govt., while they may not roll the tanks on them at any second, have a stern eye on crypto as evidenced by their moves to criminalise ICOs. Given the very nature of BTC it is a case of when not if the state makes a move. Still continues to defy market physics mind! If I wasn't after income rn I'd buy ETH until a stock market crash came along to make an honest man of me. 
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Post by marx on Nov 10, 2017 13:16:00 GMT
I have gone from a passionate P2P advocate to very very dubious over the past 12 months in particular. Very interesting. Can I ask what the particularly bellweathers, if any, were for you?
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p2pmark
Member of DD Central
Posts: 218 
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Post by p2pmark on Nov 10, 2017 13:16:38 GMT
Wow. How is crypto looking from your perspective so far? I bought £250 of bitcoin ~4 years ago, now worth ~£40,000. Hard to cash in when it could continue to go up! Bought ethereum in June, it's been fairly flat since then (compared to bitcoin), but currently up 10%. What made you decide to buy crypto? What analytical framework can be used to determine their worth going forward? Or is it pure (educated?) guesswork?
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Post by bluechip on Nov 10, 2017 13:42:37 GMT
I have gone from a passionate P2P advocate to very very dubious over the past 12 months in particular. Very interesting. Can I ask what the particularly bellweathers, if any, were for you? Thanks - several things for me: - Customer Service - it varies from platform to platform, but the trend was deterioration. This in itself can be explained by lots of reasons, but it told me that the majority of platforms were not prepared for the growth they were undertaking. If they can let customer service quality slide then they are distracted and other things must be slackening (due diligence as a prime example).
- Defaults were kicking in
- Lies/fibs were being unmaksed
- Terms and conditions were changing far too frequently - how can you trust a large amount of money with young organisations that are so seemingly whimsical in their decision making
- ISA approval - Influx of mass market, which would lead to less importance to the earlier investors. If a few of us kicked up a fuss they would inevitably act, how much weight do we carry now?
- Institutional Investment - same problem as above, the little guy has less power/importance
- Too much competition - far too many platforms, which means market share becomes nothing but a race, short cuts are taken, gambles are made
- Interest Rates from banks dropping too far - P2P could lower their rates and lower their standards and there would still be lenders because of a lack of alternatives
- I personally discovered some things that surprised me about provision funds, naming of loans and tranches and general "underhanded" or unclear tactics which left a sour taste
- Only a couple of the platforms have sustainable business models in my opinion, this is backed up by just one or two of them showing a profit. I mentioned in my OP that I think a recession is coming and if most are failing with their business model now, then God help them when the crunch arrives
There are more things that led me to withdraw but those above are the key ones off the top of my head.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Nov 10, 2017 14:12:55 GMT
Good summary bluechip, I agree with everything. (As if anyone on here takes any notice of my opinions!  ) |
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
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Post by stub8535 on Nov 10, 2017 15:33:51 GMT
Good summary bluechip, I agree with everything. (As if anyone on here takes any notice of my opinions! ) There there Ozboy! Have some man hugs. Feeling better?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Nov 10, 2017 15:44:55 GMT
Yes thanks, it's nice to be loved. |
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dermot
Member of DD Central
Posts: 863
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Post by dermot on Nov 10, 2017 16:14:12 GMT
20% P2P, 2% typically in cash, a modest chunk of premium bonds and most of the rest in a Tatton Defensive investment fund. Not counting a decent final salary income or an owned outright large home.
My state pension I consider to be beer and broadband funds...
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angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,334
Likes: 789
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Post by angrysaveruk on Nov 10, 2017 16:32:07 GMT
Wow. How is crypto looking from your perspective so far? I bought £250 of bitcoin ~4 years ago, now worth ~£40,000. Hard to cash in when it could continue to go up! Bought ethereum in June, it's been fairly flat since then (compared to bitcoin), but currently up 10%. i purchased some bitcoins a few years back but sold before they really took off. Although I regret it I didn't fully understand its worth at the time (outside of black market activities ) and I still don't.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Nov 10, 2017 20:52:50 GMT
I didn't fully understand its worth at the time (outside of black market activities ) Um - that's a pretty decent market to corner
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Post by eascogo on Nov 10, 2017 21:15:09 GMT
16.5% P2P 6% Shares 0.5% Cash 77% collectibles I am retired, mortgage is paid off. A modest pension covers living expenses. My shares are ISAs, all with Fundsmith. bluechip offers a sound argument to be cautious with P2P. I will gradually move some P2P money towards shares. The spreadsheet attached records data given in this thread. As expected there are huge variation in the composition of investments. Wealth invested in P2P vary from 5% to 80% with a mean of 26%. A similar picture is found for shares, B2L, property and cash. The two entries under crypto currencies are both given as 50%. At first sight this seems reckless but initial investments may have been relatively small and the percentage reflects the astronomical increase in value. This has to be a highly volatile sector and if it was my money I would cash in a large proportion of it whilst the going is good. percent p2p invested.ods (12.64 KB) |
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coda
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Post by coda on Nov 10, 2017 22:23:26 GMT
I am also decreasing my p2p holdings save for one platform. Many of the platforms that I have tried gave me the impression to be not enough professional. I guess it is still a very young asset class.
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