IFISAcava
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Post by IFISAcava on Jul 15, 2019 9:52:22 GMT
Are there any P2P sites where one can lend in US Dollars?
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Post by lotus_eater on Jul 15, 2019 10:31:15 GMT
Mintos have USD as a listed currency, but I've yet to see USD loans listed on there. Of course if you're from the UK you can't join Mintos at the moment.
Obviously in the USA there are many P2P platforms but you need a US SSN (social security number), US bank account and US address to lend with them.
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james100
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Post by james100 on Jul 15, 2019 12:19:08 GMT
Are there any P2P sites where one can lend in US Dollars? I have a feeling it's a mostly a no for the US P2P market, unless you are US resident, US bank account holder and also possibly an accredited investor. The tax penalties, hassles and risk (income, IHT) for property (inc single stocks) domiciled in US probably makes that a blessing. But there are other USD denominated property investment opportunities outside the US of course e.g. Panama, Belize which may or may not be of interest depending what you're looking for: sterling hedge, fast track to non-UK residency or second passport, holiday home in the sun, or a mixture of all three...
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IFISAcava
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Post by IFISAcava on Jul 15, 2019 12:45:45 GMT
Are there any P2P sites where one can lend in US Dollars? I have a feeling it's a mostly a no for the US P2P market, unless you are US resident, US bank account holder and also possibly an accredited investor. The tax penalties, hassles and risk (income, IHT) for property (inc single stocks) domiciled in US probably makes that a blessing. But there are other USD denominated property investment opportunities outside the US of course e.g. Panama, Belize which may or may not be of interest depending what you're looking for: sterling hedge, fast track to non-UK residency or second passport, holiday home in the sun, or a mixture of all three... Just want to do something useful with the dollars I am busying as the hedge against sterling decaying further. Have plenty in US/World stockmarkets, and could add more, but looking for other options if available. Might just have to be bonds I guess. Problem is that most tracker funds apply a Sterling hedge which defeats the object of holding dollars. Was using Mintos for Euros but that's going now.
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james100
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Post by james100 on Jul 15, 2019 14:43:06 GMT
I have a feeling it's a mostly a no for the US P2P market, unless you are US resident, US bank account holder and also possibly an accredited investor. The tax penalties, hassles and risk (income, IHT) for property (inc single stocks) domiciled in US probably makes that a blessing. But there are other USD denominated property investment opportunities outside the US of course e.g. Panama, Belize which may or may not be of interest depending what you're looking for: sterling hedge, fast track to non-UK residency or second passport, holiday home in the sun, or a mixture of all three... Just want to do something useful with the dollars I am busying as the hedge against sterling decaying further. Have plenty in US/World stockmarkets, and could add more, but looking for other options if available. Might just have to be bonds I guess. Problem is that most tracker funds apply a Sterling hedge which defeats the object of holding dollars. Was using Mintos for Euros but that's going now. You might find the ishares AAA-AA Global Govt bond worth a look (IAAA in USD or SAAA in GBP). It is about 10% UK, rest spread around and with a weighted average duration of about 10 years. I blend this with IGLS (gilts 0-5 years) to give a diversified government bond component at about 50/50 UK to non-UK. It depends how bad you think things are going to get, whether you want to stay i.e. spend in GBP-land in those circumstances, and if not whether you want to bet on it (i guess). Parity with USD? I doubt it unless Corbyn gets in. But 1.10-1.15 is not as far down as it once was, and in line with predictions from most of the big banks around Q1 2017 when mutterings about no-deal brexit started. I see no shame in holding a stash of mixed currency non-GBP simply in cash and preferably off shore. My doom-mongering has netted a 15% return on GBP-denominated gold over the last 3 months and I see nothing on the UK horizon to feel optimistic about...
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Post by southseacompany on Jul 20, 2019 13:40:41 GMT
Are there any P2P sites where one can lend in US Dollars? does P2P in USD (among a couple of other currencies), but their regulator requires you to have a net worth in excess of 2m Singapore dollars (~650k GBP), so it's clearly not for everyone. I don't think it's worth bothering with P2P for dollars given the paucity of options. I'm also skeptical about bonds in the current interest rate environment, unless you are extremely risk averse. I'd buy shares (and tracker ETFs) directly from the US using a cheap international broker like Interactive Brokers. That way there won't be any unwanted GBP hedges thrown in the mix, and the trackers will generally have lower costs too.
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agent69
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Post by agent69 on Jul 20, 2019 15:17:22 GMT
Are there any P2P sites where one can lend in US Dollars? does P2P in USD (among a couple of other currencies), but their regulator requires you to have a net worth in excess of 2m Singapore dollars (~650k GBP) Where are you buying your foriegn currency from?
$sin is about 1.7 to the pound, so 2m Sin will cost you about £1.2m
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Post by southseacompany on Jul 20, 2019 16:08:47 GMT
$sin is about 1.7 to the pound, so 2m Sin will cost you about £1.2m
You're right. The actual requirement is either S$2m outright, or S$1m excluding primary residence. I mixed them up by mentioning the former rule but converting the latter number.
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