pikestaff
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Post by pikestaff on Feb 22, 2018 7:18:37 GMT
There should be a third option - stay the same. Since there is not, I have not responded to the second part of the question.
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archie
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Post by archie on Feb 22, 2018 7:32:03 GMT
My investment is broadly the same but with a wider range of loan types.
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Post by Deleted on Feb 22, 2018 8:50:53 GMT
My investment in P2P generates my day to day living expenses, my controls are designed to generate this successfully while adding inflation to the lump sum and it has now done so for four years. My strategic changes in the last year are:
1) Cease additional investments in Lendy and FS property, 2) Sell off of FS property loans 3) Trial investment in COL, the results of which are still open to interpretation, hence no new money but no clear plan, recent change to property loans is not inspiring 4) Trial investment with ABL, on going but cautious
decisions from last year, ceasing to invest with FC, RS, AC still ongoing and cashing up as loans complete
only one new portal on horizon, but only on watch for the next 6 months
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shimself
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Post by shimself on Feb 22, 2018 10:21:18 GMT
Been in the game four years, great fun and reasonably honest industry back in the early days but avarice has transformed them and most Platforms are now untrustworthy and downright deceitful. Some have been caught out on here blatantly lying. I'm mostly winding down, the industry stinks to high heaven now and The FCA, RICS et al couldn't give a toss. Just to drone on, and on an..... All (ish) platforms start off thinking that they can succeed by finding good propositions and selling them at sufficient margin. Most also have IPO stars in their eyes, so they want to show growth. As competition increases it gets harder to find good new loans, the borrower will be able to chisel for lower rates and it all gets harder. Well at very least the platform needs a few loans per month just to pay the staff, so what are you going to do? Answer - compromise on standards. Our standards have been ridiculously high, we are turning down loans for petty difficulties ...
I still like co-investment by platform (with suitable jiggery pokery to defeat the FCA's ban on skin in game). Yes it means platforms will need more capital, but actually they do need more capital anyway.
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Yintara
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Post by Yintara on Feb 22, 2018 10:30:42 GMT
I've had a significant amount invested in L & MT since 2016 but it was always my plan to start reducing holdings once other opportunities came along. With the property market stabilising in the last few months I'm taking money out of P2P as loans repay to put into other areas. I'm down probably about 10% this year and estimate this will be around 50% by the end of the year if some big DFLs complete or refinance.
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star dust
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Post by star dust on Feb 22, 2018 11:02:48 GMT
There should be a third option - stay the same. Since there is not, I have not responded to the second part of the question. That was the idea - as I said here p2pindependentforum.com/post/247550/thread"I've also just discovered that you are only allowed a maximum of 50 questions, so this year you can have up to two votes which are meant to be one per investment rank, and then one within it to indicate whether your investment is likely to increase/ or decrease over the coming year. I suggest if you think they will stay the same or you don't know then just vote once." However, there is evidence that people are also ticking the 'increase' or 'decrease' option within a particular range, but not also ticking the range - unfortunately this will distort the results particularly for assessing numbers remaining the same. How do I know? Forum staff can see the results of the poll before it closes, and for some ranges the numbers increasing and decreasing are greater than those for the range itself. As an aside I'm not sure if the poll closing date is visible, but it will lock on the 7th March.
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p2pete
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Post by p2pete on Feb 22, 2018 12:05:59 GMT
At time of writing there are 156 votes from 100 voters so I guess that means 56% will either increase or decrease whereas the remaining 44% have only voted once so they will 'stay the same'.
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Post by mattygroves on Feb 22, 2018 18:45:28 GMT
I'm now at a point where I draw the income but have no plans to reduce the underlying capital holdings (I'll replace funds lost to defaults when they happen) and will feed in my old cash ISA in the summer.
I've been in P2P for 10 years now (initially Zopa and more recently property based loans) and am still happy for it to form a smallish part of my overall portfolio. It performs a useful diversification role and I enjoy doing DD.
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angrysaveruk
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binomial
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Post by angrysaveruk on Feb 23, 2018 12:04:47 GMT
Been investing in P2P since 2013. My investments peaked in about 2015 (about 25% of my liquid wealth) and since then have been steadily reducing. I am continuing to run them down. Currently invested in Zopa and AC., running down Zopa as my investments in the provision fund protected account expire. I believe we are due for some kind of financial crisis in the next 2 years and dont want to be heavily exposed to P2P when this happens.
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IFISAcava
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Post by IFISAcava on Feb 23, 2018 13:14:03 GMT
Been investing in P2P since 2013. My investments peaked in about 2015 (about 25% of my liquid wealth) and since then have been steadily reducing. I am continuing to run them down. Currently invested in Zopa and AC., running down Zopa as my investments in the provision fund protected account expire. I believe we are due for some kind of financial crisis in the next 2 years and dont want to be heavily exposed to P2P when this happens. Presumably you don't want to be exposed to anything else in that scenario either (unless you think P2P more vulnerable than property, stocks, bonds, etc), so keeping in cash with the price being inflation eating away at your capital? I suppose P2P always has the ultimate (if unlikely) risk of all your capital being lost, whereas the others ought to rescue some of it, and should eventually recover it back over the long term.
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angrysaveruk
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Post by angrysaveruk on Feb 23, 2018 13:31:50 GMT
Been investing in P2P since 2013. My investments peaked in about 2015 (about 25% of my liquid wealth) and since then have been steadily reducing. I am continuing to run them down. Currently invested in Zopa and AC., running down Zopa as my investments in the provision fund protected account expire. I believe we are due for some kind of financial crisis in the next 2 years and dont want to be heavily exposed to P2P when this happens. Presumably you don't want to be exposed to anything else in that scenario either (unless you think P2P more vulnerable than property, stocks, bonds, etc), so keeping in cash with the price being inflation eating away at your capital? I suppose P2P always has the ultimate (if unlikely) risk of all your capital being lost, whereas the others ought to rescue some of it, and should eventually recover it back over the long term. Traditionally I think you want to be in cash when it hits the fan so you can buy things on the cheap (ie buying shares after a crash). Although the next crash could be high inflation so that strategy might not work. Who knows what will happen but I personally wouldnt want to be in P2P if there was a major financial shock.
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Nomad
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Post by Nomad on Mar 3, 2018 16:21:35 GMT
I never went near FS, Rebs, or Lendy.
Out for good from FC except small stragglers, MT except B*****h***, AC except one turbine, COL except D****n.
Steady in ABL, Relendex, Property Partner.
Increased in Archover, Wise Alpha, UK Bond Network, Unbolted.
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Post by Duane Dibley on Mar 4, 2018 11:15:00 GMT
Been in P2P since 2010, initially with FC then later most of the higher paying platforms.
The high point for me was 2016 and I've been winding down my holdings since then, some at a faster rate than others.
The only higher rate platform I'm significantly reinvesting funds in is Ablrate, the others I'm either withdrawing funds as they repay or actively selling.
The question is if not P2P then where? Shares if not over-valued seem pretty near their peak, bonds susceptible to rate rises, BTL I'm as fully invested as I want to go, niche investments being just that and cash accounts paying less than inflation.
Hmmm Bitcoins anyone??
So for the next 12 months I'll probably continue to drip feed into equities and shift most of my P2P holdings into the lower paying, ostensibly safer, products like AC's 30 day and Instant Access accounts.
First world problems eh.
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IFISAcava
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Post by IFISAcava on Mar 4, 2018 11:37:23 GMT
Been in P2P since 2010, initially with FC then later most of the higher paying platforms. The high point for me was 2016 and I've been winding down my holdings since then, some at a faster rate than others. The only higher rate platform I'm significantly reinvesting funds in is Ablrate, the others I'm either withdrawing funds as they repay or actively selling. The question is if not P2P then where? Shares if not over-valued seem pretty near their peak, bonds susceptible to rate rises, BTL I'm as fully invested as I want to go, niche investments being just that and cash accounts paying less than inflation. Hmmm Bitcoins anyone?? So for the next 12 months I'll probably continue to drip feed into equities and shift most of my P2P holdings into the lower paying, ostensibly safer, products like AC's 30 day and Instant Access accounts. First world problems eh. Agree with you in normal times, but if things were to go pear shaped for p2p can't help feeling that they'd go pear shaped for these accounts too.
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Post by Duane Dibley on Mar 4, 2018 19:20:08 GMT
Agree with you in normal times, but if things were to go pear shaped for p2p can't help feeling that they'd go pear shaped for these accounts too. True. If it goes pear-shaped for P2P as a whole then no platform will be unaffected. But then that goes back to my previous question, if not P2P then where? My rationale for AC is that as a whole I think they have better quality loans, albeit at a lower rate, than the higher paying platforms. Those higher paying platforms have in a way made a rod for their own backs, they have built their business on 12% interest rates and it would take a leap of faith for them to now drop them to say 6-8%, even for more secure loans. Lendy have tried reducing rates without any great success and MT receive plenty of negativity when they offer even 10% loans. AC however made that decision a while ago, at the time it wasn't popular and I along with others moved out of AC into those higher paying platforms, but now maybe it was the right decision after all and I should start to move my money back there. Whatever the right strategy is, one thing I am sure of, the days of plenty of good quality 12%+ loans has come to an end. Fun while it lasted though.
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