trium
Member of DD Central
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Post by trium on Feb 28, 2019 13:19:40 GMT
I suppose it all depends on the % of your total funds that is invested in P2P. Last week on his TV programme Martin Lewis said that he had turned lukewarm on this asset class after being somewhat bullish in the past. I am reducing my exposure to about 8%-10% of my funds, almost all in Zopa. I doubt that Zopa is any more or less likely to fail than any of the others in the event of a serious downturn in the economy and we always have to remember that there is no FSCS cover so it's a question of whether or not the risk is worth the better rates. Probably only just at the moment. As I am now only a couple of years from retirement I decided last May to reduce risk by dumping 75% of my equity-based investments and transferring the proceeds to an Assetz Capital IFISA. I could not have known how fortunate a decision that would be, avoiding thousands in losses (though still taking losses in the 25% I kept, of course) but it now has me scarily exposed to P2P with 75% of my savings fluttering in the wind. Talk of platforms failing sends shivers down my spine and I need to pull back (but where else to go?). It is likely that Zopa (one-third of my P2P and the worst-performing) will be where I wield the axe. Of course, Zopa are too big to fail just because I pull out 
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