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Post by lusitania on Nov 29, 2017 19:23:28 GMT
Why not...
29Nov..................however back on 5 Apr 2017
MT 29.1% L 23.0%
Col 18.7% AC 21.6%
FC 17.4% Col 18.9%
L 17.0% MT 12.8%
AC 16.0% RS 11.1%
Z 1.0% FC 9.8%
RS 0.8% Z 2.7%
Landbay, Lendinvest, LLI & GS - out
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msenanna
Member of DD Central
Posts: 73 
Likes: 41
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Post by msenanna on Nov 29, 2017 20:24:57 GMT
I only started in P2P in June so am starting slowly before I branch out into potentially more platforms:
MT 13%
COL 22%
Abl 65% (IFISA)
My max bid per lender is also small so get diversification across lenders, not so much across platforms. Some of the platforms minimum bid at £1k is way higher than my current max bid level.
I will never be a bighitter!
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IFISAcava
Member of DD Central
Posts: 3,692
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Post by IFISAcava on Nov 30, 2017 1:49:41 GMT
BondmasonA majority of mine is in Bondmason - I like the company and feel it is not my strength at the moment to perform due diligence. I constantly review and calculate my interest based on defaults and watchlist. Will have a serious think after a year. I withdrew from BM when they changed T&C on 31st May. Now I think it was a wrong decision. I'm thinking of investing again, but reading about cash drag on this forum prevents me from doing it. I withdrew as the tax position is very poor - taxed on gross interest and then 1.5% fee afterwards, so an 8% gross return is only 2.9% for a 45% tax payer (4.4% after tax, 2.9% after fees). If they offer an IFISA I will be back as it is nice to have the diversity and ease of BM as part of a balanced portfolio and the full 6.5% after fees is OK (equivalent to 11.8% outside of an IFISA).
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Post by carol167 on Nov 30, 2017 8:40:02 GMT
Zopa 19.99% (reducing to zero as repayments come in from now on, having overextended pre Dec 1st cut off)
RateSetter 18.12% (reducing but only to about 15% - I drop 1k in when rates are high so it bounces about a bit)
AssetzCapital 17.69% (holding - possible slight increase to nearer 20%)
Lending Works 16.98% (holding but with the ISA part reinvesting)
Wellesely 12.64% (reducing to zero when terms end)
Funding Secure 4.21% (holding - was about 50% higher but reduced back for a more cautious portfolio - hope to increase again in the future)
Money Thing 4.21% (holding - was about 50% higher but reduced back for a more cautious portfolio - hope to increase again in the future)
Lending Crowd 2.19% (holding & reinvesting returns)
Funding Circle 1.75% (holding - only past FC interest now invested & reinvesting)
Lend Invest 1.99% (reducing to zero as repayments come in)
Lendy 0.21% (unable to sell - would increase back up again if things improve with them - hope to increase again in the future)
8.56% in ISA
Most platforms I milk for monthly income.
Been in p-2-p 5 years.
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macq
Member of DD Central
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Likes: 1,199
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Post by macq on Nov 30, 2017 10:02:35 GMT
I withdrew from BM when they changed T&C on 31st May. Now I think it was a wrong decision. I'm thinking of investing again, but reading about cash drag on this forum prevents me from doing it. I withdrew as the tax position is very poor - taxed on gross interest and then 1.5% fee afterwards, so an 8% gross return is only 2.9% for a 45% tax payer (4.4% after tax, 2.9% after fees). If they offer an IFISA I will be back as it is nice to have the diversity and ease of BM as part of a balanced portfolio and the full 6.5% after fees is OK (equivalent to 11.8% outside of an IFISA).
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macq
Member of DD Central
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Post by macq on Nov 30, 2017 10:08:54 GMT
was going to suggest Goji in place of BM for IFISA but just spotted your already in for a small %
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Post by Deleted on Nov 30, 2017 12:08:42 GMT
My list is distorted by jumping into some of the early IFISA launchers, hope to deposit soon with Funding Circle and Assetz as they launch theirs and add to Moneything. Lending Works 22%
Landbay 16%
Ratesetter 15%
Moneything 13%
Lendy 13%
Abundance 7%
Goji 7%
Zopa 6%
I have left Property Partner off the list as they aren't P2P but it would be the equivalent of 30% and growing. I would like to diversify my BTL holdings across platforms but find a lack of options.
Similar to IFISAcava I did use Bondmason and would still like to but they are massively tax inefficient without an IFISA wrapper ...... stevefindlay ? ? ? ? |
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IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
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Post by IFISAcava on Nov 30, 2017 13:19:11 GMT
My list is distorted by jumping into some of the early IFISA launchers, hope to deposit soon with Funding Circle and Assetz as they launch theirs and add to Moneything. Lending Works 22%
Landbay 16%
Ratesetter 15%
Moneything 13%
Lendy 13%
Abundance 7%
Goji 7%
Zopa 6%
I have left Property Partner off the list as they aren't P2P but it would be the equivalent of 30% and growing. I would like to diversify my BTL holdings across platforms but find a lack of options.
Similar to IFISAcava I did use Bondmason and would still like to but they are massively tax inefficient without an IFISA wrapper ...... stevefindlay ? ? ? ?ABLRate well worth looking at for IFISA diversification if you haven't already. And Steve Findlay hinted at BM developments forthcoming a month or so back. Agree though that AC is the next biggie assuming the allow transfers from the outset. I have a large sum in PP too. Indeed it's my largest single platform investment, more than any of the individual P2P platforms, as I don't have any investment property personally. I would say Brick Lane is a possible BTL diversification that can also be held in an ISA (though the tax free dividend allowance of £5000 means that it may not be that tax efficient to use the wrapper for this). If you are interested there's a referral code that gives you* 6 months of no management fees (usually 0.85% pa) - not much and wouldn't sway ones decision, but worth having if you are doing it anyway. They also have periodic offers to reduce the initial 2% charge to 1% or less (more worthwhile). Much less flexible than PP - what you are really doing is investing in a BTL REIT that they manage for you. But sometimes hands off is easier! I've also got small amounts with Property Moose (not a good as PP IMHO) and UOwn - new, very small, but a niche student HMO market that has high yields. No SM to exit yet, though planned for 2018. Good luck! *disclosure: and me
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Post by peerlessperil on Nov 30, 2017 13:38:30 GMT
Combined P2P exposures of Mr. & Mrs. PP:Assetz MLIA 16.6% Growing steadily Assetz other 1.5% Stable Assetz 30 day 16.3% Funds MLIA above FundingSecure 6.9% Have reduced property exposure Unbolted 13.9% Capacity issues have reduced our exposure, would increase Lendy 1.2% In run-off Moneything 4.0% Stable Collateral 4.4% Stable, mostly non-property Funding Circle 3.6% In run-off since changes PropertyCrowd 0.0% Sporadic Archover 8.5% Growing Ablrate 1.3% Stable, but very loan-specific Ratesetter 12.2% Rolling only, very rate dependent, often out entirely Growth Street 8.2% Stable Kuflink 1.2% Growing, slowly 100.0% Property Partner 7.1% growing, scaled against 100% above
I tend to keep our ISAs for equities, plus inability to offset losses within an IFISA against exposures outside the IFISA puts me off a bit.
As I've scaled back some of the riskier P2P platforms I've reinvested proceeds in some of the following securities (this is not advice, some are "distressed", pricing is highly volatile, many are unsuited to investors without a financial background & please do your own homework): - ICG Longbow Senior Secured UK Property Inv.
- Starwood European Real Estate Finance
- Tetragon Financial
- P2P Global Investments
- Ranger Direct Lending
- Fair Oaks Income Ltd
- Blue Capital Alternative Income
- Blackstone GSO Loan Finance
Platforms I've looked at & not invested in:LendingCrowd Rebuilding Society Wellesley Octopus Choice Huddle Money & Co Others:WiseAlpha - like the concept & met the founder, but don't want the duration and leveraged loans riskier than people think. Fees are also quite high, so I prefer to buy more conventional corporate bonds direct via my stockbrokers. Zopa - no problem with the platform, but why lend unsecured at those rates? Market Invoice - minimum £50k is too high for my "try before you buy" approach On my "to-look-at when i get time" list:Invest & Fund Landbay ThinCats
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registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
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Post by registerme on Nov 30, 2017 14:24:27 GMT
ablrate 35.84% Loan dependent but hopefully growing
Assetz Capital 33.33% Reinvesting earnings, mix of MLIA, GBBA, QAA, 30 day and PSIA.
MoneyThing 12.62% Quite volatile recently, would like to grow but generally negative about property development
ThinCats 9.11% Whether I increase or withdraw is totally dependent on how TC resolve a couple of unpleasant situations currently in flight.
Zopa 2.68% Just letting Classic run off.
Unbolted 2.28% Would like to increase.
Archover 2.26% Increasing.
Lendy 0.99% Only two loans remaining one of which is in default and the other isn't sellable.
Collateral 0.75% Generally negative about property development
Lending Crowd 0.13% One defaulted loan left.
Funding Circle 0% Exited
RateSetter 0% Exited
I would note though that this is quite volatile over time. For example one platform on the above list wouldn't have appeared last week, two years ago today Lendy would have been ~25%, one year ago today MoneyThing would have been ~30%. Also were I not so negative about property development lending the numbers above would be very different in that whilst I would not have reduced ablrate / Assetz Capital, I would have far more invested on Lendy / MoneyThing / Collateral.
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macq
Member of DD Central
Posts: 1,934
Likes: 1,199
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Post by macq on Nov 30, 2017 15:31:58 GMT
My list is distorted by jumping into some of the early IFISA launchers, hope to deposit soon with Funding Circle and Assetz as they launch theirs and add to Moneything. Lending Works 22%
Landbay 16%
Ratesetter 15%
Moneything 13%
Lendy 13%
Abundance 7%
Goji 7%
Zopa 6%
I have left Property Partner off the list as they aren't P2P but it would be the equivalent of 30% and growing. I would like to diversify my BTL holdings across platforms but find a lack of options.
Similar to IFISAcava I did use Bondmason and would still like to but they are massively tax inefficient without an IFISA wrapper ...... stevefindlay ? ? ? ?ABLRate well worth looking at for IFISA diversification if you haven't already. And Steve Findlay hinted at BM developments forthcoming a month or so back. Agree though that AC is the next biggie assuming the allow transfers from the outset. I have a large sum in PP too. Indeed it's my largest single platform investment, more than any of the individual P2P platforms, as I don't have any investment property personally. I would say Brick Lane is a possible BTL diversification that can also be held in an ISA (though the tax free dividend allowance of £5000 means that it may not be that tax efficient to use the wrapper for this). If you are interested there's a referral code that gives you* 6 months of no management fees (usually 0.85% pa) - not much and wouldn't sway ones decision, but worth having if you are doing it anyway. They also have periodic offers to reduce the initial 2% charge to 1% or less (more worthwhile). Much less flexible than PP - what you are really doing is investing in a BTL REIT that they manage for you. But sometimes hands off is easier! I've also got small amounts with Property Moose (not a good as PP IMHO) and UOwn - new, very small, but a niche student HMO market that has high yields. No SM to exit yet, though planned for 2018. Good luck! *disclosure: and me remember back in Sept/Oct that Brick Lane was mentioned in the Financial Times as one of the top 10 new products of the year(or watch not quite sure) but it seemed to suggest that it could only be held in a stocks & shares Isa.Is that true or are you holding outside an Isa?
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jwatson
Member of DD Central
Posts: 51
Likes: 39
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Post by jwatson on Nov 30, 2017 15:40:34 GMT
For me :
Lendy 67% Moneything 23% Ablrate 10%
Have been in P2P for about 2 years. Like others I'm planning to reduce my exposure to Lendy.
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rick24
Member of DD Central
Posts: 244
Likes: 138
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Post by rick24 on Nov 30, 2017 15:59:34 GMT
Assetz 25%
Archover 20%
Housecrowd 12%
BM 13%
Lendinvest 9%
PP 12%
Small percentages in ABL, Downing, MT, Wisealpha, Zopa
Exited: Abundance, Orchard Lending Club (no more loans available), Ratesetter (concern over provision fund)
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Post by eascogo on Nov 30, 2017 17:11:08 GMT
A number of very informative contributions here by experienced investors. A good point of entry for newbies. Thank you.
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Post by df on Nov 30, 2017 18:49:50 GMT
I only started in P2P in June so am starting slowly before I branch out into potentially more platforms: MT 13% COL 22%Abl 65% (IFISA) My max bid per lender is also small so get diversification across lenders, not so much across platforms. Some of the platforms minimum bid at £1k is way higher than my current max bid level. I will never be a bighitter! There are plenty platforms with minimum bid ranging from 1p to £100. Diversifying across more platforms is safer, I think.
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