kith
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Post by kith on Sept 13, 2018 19:42:01 GMT
About 90% of my investments are P2P but spread across several platforms some with 'provision' funds against losses and some without. All FCA regulated platforms whatever that might be worth.
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hazellend
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Post by hazellend on Sept 13, 2018 22:08:53 GMT
About 90% of my investments are P2P but spread across several platforms some with 'provision' funds against losses and some without. All FCA regulated platforms whatever that might be worth. Madness... Hopefully your investments are small at the moment as you have much to learn and the best time is before you have too much to lose.
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gustapher
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Post by gustapher on Sept 14, 2018 10:06:02 GMT
Most people only learn the hard way when it comes to investing. Worse is when they blame others for their mistakes (very common on this forum) as it means they will only repeat the mistakes in other markets or sectors. I say this from experience.
In my mid-20's I lost the entire deposit I'd saved for a house on (wait for it... this is so embarrassing) ethanol stocks. Yeah... I was all in - multiple stocks in one asset class in one sector that in hindsight made zero sense to begin with. At the time it was terrible but having just turned 40 with a lot more to lose now I try and view it more constructively as a learning experience. It still hurts even thinking about it - ouch!
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kaya
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Post by kaya on Sept 14, 2018 10:38:08 GMT
I'm insane
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kith
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Post by kith on Sept 14, 2018 11:02:56 GMT
Having invested in P2P for ten years I am content with risks and returns.
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GeorgeT
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Post by GeorgeT on Sept 14, 2018 14:38:29 GMT
About 25% with me if I include all the money I've got stuck in the Collateral debacle.
I am not investing any new money in P2P and indeed I am withdrawing everything I can when I can.
Now cash is king for me and all my available funds are going into FSCS protected accounts in banks and building societies and also I have the maximum in premium bonds. It is now possible to get 2% on a 1 year bond with a Savings Bank and that tides me over. On average I get £50 or £75 each month from my premium bonds.
P2P came along at a very helpful time to me because I had retired early at around age 50 and I had a few years to fill before I could draw my occupational pension. While I had sufficient capital to live on for those years I obviously did not want to use all my capital up and the income I got from P2P over the first two or three years was absolutely brilliant because I lived on it.
I always knew it was too good to last but at first you think with your skills and experience and a good strategy that you can come out on top but it doesn't matter how brilliant you are, you can never predict a happening like what happened with Collateral, although platform failure was always higher up my risk sheet then it seemed to be for some others.
I was fortunate in that I could see what was happening with Lendy quite early on and I got all my money out of there about a year ago apart from 3 loans and now I am only stuck in 2. I decided to withdraw from AC last year as well. I have a little left in MT in defaulted loans but once those are resolved I should have done ok on that platform as well as on LY.
Right now when I look at P2P investing it all seems a bit like pin the tail on the donkey. You can do all the DD in the world on a loan and then something comes out of a blind spot and knocks you for 6.
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snowmobile
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Post by snowmobile on Sept 14, 2018 14:49:58 GMT
About 30% with me if I include all the money I've got stuck in the Collateral debacle. I am not investing any new money in P2P and indeed I am withdrawing everything I can when I can. Now cash is king for me and all my available funds are going into FSCS protected accounts in banks and building societies and also I have the maximum in premium bonds. It is now possible to get 2% on a 1 year bond with a Savings Bank and that tides me over. On average I get £50 or £75 each month from my premium bonds. P2P came along at a very helpful time to me because I had retired early at around age 50 and I had a few years to fill before I could draw my occupational pension. While I had sufficient capital to live on for those years I obviously did not want to use all my capital up and the income I got from P2P over the first two or three years was absolutely brilliant because I lived on it. I always knew it was too good to last but at first you think with your skills and experience and a good strategy that you can come out on top but it doesn't matter how brilliant you are, you can never predict a happening like what happened with Collateral, although platform failure was always higher up my risk sheet then it seemed to be for some others. I was fortunate in that I could see what was happening with Lendy quite early on and I got all my money out of there about a year ago apart from 3 loans and now I am only stuck in 2. I decided to withdraw from AC last year as well. I have a little left in MT in defaulted loans but once those are resolved I should have done ok on that platform as well as on LY. Right now when I look at P2P investing it all seems a bit like pin the tail on the donkey. You can do all the DD in the world on a loan and then something comes out of a blind spot and knocks you for 6. Mr 2%  Sorry couldn't resist 
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Sept 14, 2018 20:36:27 GMT
What traditional other than being a landlord in cheap property areas gives 15%-20% equivalents I currently get in overall in various P2P?
I managed 18% in 2017 with a fairly geographically balanced mix of individual shares, managed funds and a couple of trackers. The majority is ISA wrapped (having been built over a number of years) so that is tax free. Best fund performance was my Japan fund which returned 38% over the year. Some individual shares lost value over the year (but most delivered at least some dividend) but none of my funds or trackers. I tend to take a long term view and only rebalance the portfolio once a year so it takes very little time on my part.
I enjoy my P2P investments but I only risk money I can easily afford to lose and is only about 2% of my total liquid investments. Any more would take too much time and effort on my part and the capital risk is more than I'm willing to take.
At least with the stock market I've always got instant liquidity (if I need it) and even with the worst crash there is still a chance of the capital recovering with dividends continuing in the meantime. The only total loss I've had is my Carillion shares and my total Zopa losses are more than that (but then I've been in Zopa for 10 years).
It is each to his own and I'm definitely not as brave as some of you.
Is that 18% Gross or NET. I've a couple of hundred K in funds some are up 85% in 2 years the overall 26% but that is taxable were I to withdraw. I managed at least the same in FISA where it is TAX free. Plus in p2p where you can sell your tax liabilities your returns net are really good. As for Collateral 26K in there .(although I expect reasonable amount back) Even with that still making an overall profit. Losses only matter if you need to liquidate a bit like negative equity in a house.
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Post by fatbritabroad on Sept 15, 2018 18:41:23 GMT
I'm around 20% and that's for the intro bonuses on alot of sites. Spread across a number of what i view are the lower risk ones and one high risk
Split is
1000 Kufflink for the intros
6000 lending works
6000 assetz capital in their 30 day account and quick access account
1000 rate setter
5300 ablrate where my max in any one BORROWER (NOT LOAN AS ALOT ARE LINKED) is my interest or less
In contrast I have 9k in cash and 60k in equities. I'll just be building up the equities now
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Post by maybeme on Sept 18, 2018 9:07:15 GMT
For me the distinction between "instantly-access" P2P investment and tied-up is important and useful to know what other people are doing.
So, I have £100k or so in Assetz instant-access but use this like a savings account. Any worries and this comes out quick.
About £40k in rate-setter 5 year at about 5.5% because this site seems to have some protection against losses. I realise now that this as interest rates go up it will be harder to sell these should I need to.
About £25k locked-up in other P2Ps.
There's a risk that "brexit derangement" will spread from wealthy north Londoners (who are now cancelling their herbal irrigation sessions in panic) to everyone else and the economy will suffer.
So I am slowly testing the European P2P to balance the risk of this.
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pom
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Post by pom on Sept 18, 2018 9:55:19 GMT
For me the distinction between "instantly-access" P2P investment and tied-up is important and useful to know what other people are doing. So, I have £100k or so in Assetz instant-access but use this like a savings account. Any worries and this comes out quick. About £40k in rate-setter 5 year at about 5.5% because this site seems to have some protection against losses. I realise now that this as interest rates go up it will be harder to sell these should I need to. About £25k locked-up in other P2Ps. There's a risk that "brexit derangement" will spread from wealthy north Londoners (who are now cancelling their herbal irrigation sessions in panic) to everyone else and the economy will suffer. So I am slowly testing the European P2P to balance the risk of this. Yikes. I do hope your p2p pot doesn't represent a significant portion of your net wealth. However good Assetz are they should still never be treated like a savings account. There were a number of people on this board a while back treating Lendy & Collateral as such because they thought they could sell out at any time, and that's worked well!!! Sooner or later market conditions will become non-normal and then all bets are off as to whether you'll be able to get it when you need it. "Any worries" and probably a fair few other people will have them too and it'll be down to sheer luck as to whether you're able to react in time. Unless you have a significant cash cushion elsewhere also then better to perhaps spread that 100k over a few more "instant-access in normal conditions" sites to reduce the risk of your eggs getting stuck (personally I have more in real cash than any single one of my 20+ p2p holdings, but then I am a tad cautious)
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Post by mattygroves on Sept 18, 2018 10:21:25 GMT
I managed 18% in 2017 with a fairly geographically balanced mix of individual shares, managed funds and a couple of trackers. The majority is ISA wrapped (having been built over a number of years) so that is tax free. Best fund performance was my Japan fund which returned 38% over the year. Some individual shares lost value over the year (but most delivered at least some dividend) but none of my funds or trackers. I tend to take a long term view and only rebalance the portfolio once a year so it takes very little time on my part.
I enjoy my P2P investments but I only risk money I can easily afford to lose and is only about 2% of my total liquid investments. Any more would take too much time and effort on my part and the capital risk is more than I'm willing to take.
At least with the stock market I've always got instant liquidity (if I need it) and even with the worst crash there is still a chance of the capital recovering with dividends continuing in the meantime. The only total loss I've had is my Carillion shares and my total Zopa losses are more than that (but then I've been in Zopa for 10 years).
It is each to his own and I'm definitely not as brave as some of you.
Is that 18% Gross or NET. I've a couple of hundred K in funds some are up 85% in 2 years the overall 26% but that is taxable were I to withdraw. I managed at least the same in FISA where it is TAX free. Plus in p2p where you can sell your tax liabilities your returns net are really good. As for Collateral 26K in there .(although I expect reasonable amount back) Even with that still making an overall profit. Losses only matter if you need to liquidate a bit like negative equity in a house.
My return is gross as most of it is ISA wrapped. I get enough dividends from the unwrapped bit (which is in individual shares picked for income) to use my tax free dividend allowance and also have a joint unwrapped portfolio with my husband that generates gains to use up both our CGT allowances. As I've been investing in the stockmarket for decades I am comfortable with and feel I understand (at least to some extent) the risks involved and have been through two crashes without becoming too spooked.
Excluding the high risk commercial property my husband dabbled with in his SIPP (which has become a total loss) the worst investment either of us have made was buying a fund called the Football Fund many moons ago (probably 20 years) which held shares in alot of Championship clubs. As it was a tiny part of our portfolio we've kept it and even that is almost back to breakeven although it has morphed into a totally different fund.
P2P has got a place in my portfolio but it is too new a concept for me to risk more than a token amount. I enjoy it and have now ventured into self select property loans on MT and ABL but it would take too much time and effort to expand further.
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Post by maybeme on Sept 18, 2018 10:50:23 GMT
about 30%.
I know there is the "Non-normal circumstances" risk for taking money out, so I pay careful attention to economic news but still treat it like an instant account by moving spare cash in and out so it earns some interest.
But funds that are more "locked-in" are only about 10% of my portfolio
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Sept 18, 2018 19:25:04 GMT
about 30%. I know there is the "Non-normal circumstances" risk for taking money out, so I pay careful attention to economic news but still treat it like an instant account by moving spare cash in and out so it earns some interest. But funds that are more "locked-in" are only about 10% of my portfolio Good for you as you can appreciate 1 month in P2P is equivalent to more than a years’s interest in easy access bank account no brainer🧠
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andy1
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Post by andy1 on Sept 19, 2018 12:15:48 GMT
I reckon I'm about 10% P2P, 70% S&S, 20% cash
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