TenKay
Member of DD Central
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Post by TenKay on Nov 7, 2019 12:43:03 GMT
only ever invested in 3 companies and all 3 now in administration
only invested a mall sum of £1k in FS and luckily got it all out before the end
think i will move on to other less risky ways to invest as i dont seem a good judge
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toffeeboy
Member of DD Central
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Post by toffeeboy on Nov 7, 2019 15:36:05 GMT
only ever invested in 3 companies and all 3 now in administration only invested a mall sum of £1k in FS and luckily got it all out before the end think i will move on to other less risky ways to invest as i dont seem a good judge If you do decide to try a fourth then please let me know so I can pull my money out in advance 
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rogedavi
Member of DD Central
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Post by rogedavi on Nov 7, 2019 15:40:05 GMT
given you invested in those 3 - the moral of the story is there is more to investment selection than just the headline rate.
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michaelc
Member of DD Central
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Post by michaelc on Nov 7, 2019 17:01:52 GMT
The moral of the story is to ignore whether the platform is FCA regulated or not since it doesn't seem to make much difference. In fact, the p2p company I'm most heavily invested in has been the most successful for me to date and doesn't even require FCA permission because its apparently not true p2p.
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one21
Member of DD Central
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Post by one21 on Nov 7, 2019 17:22:17 GMT
The moral of the story is to ignore whether the platform is FCA regulated or not since it doesn't seem to make much difference. In fact, the p2p company I'm most heavily invested in has been the most successful for me to date and doesn't even require FCA permission because its apparently not true p2p. Let me guess Lendinvest? Personally, I have run this one down to my last defaulted loan. I may consider another dabble once my funds are returned.
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TenKay
Member of DD Central
Posts: 144
Likes: 117
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Post by TenKay on Nov 8, 2019 19:05:09 GMT
given you invested in those 3 - the moral of the story is there is more to investment selection than just the headline rate. and the fact two of them were rated on here as good platforms 
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rogedavi
Member of DD Central
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Post by rogedavi on Nov 8, 2019 21:16:21 GMT
given you invested in those 3 - the moral of the story is there is more to investment selection than just the headline rate. and the fact two of them were rated on here as good platforms i'll quote you back an old adage: If someone throws you a bone, they dont want to know how it tastes.
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michaelc
Member of DD Central
Posts: 4,855
Likes: 2,760
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Post by michaelc on Nov 9, 2019 15:45:38 GMT
The moral of the story is to ignore whether the platform is FCA regulated or not since it doesn't seem to make much difference. In fact, the p2p company I'm most heavily invested in has been the most successful for me to date and doesn't even require FCA permission because its apparently not true p2p. Let me guess Lendinvest? Personally, I have run this one down to my last defaulted loan. I may consider another dabble once my funds are returned. No not that one and I don't want to mention it in case I curse it and/or get accused of "throwing a bone" 
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IFISAcava
Member of DD Central
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Post by IFISAcava on Nov 9, 2019 15:50:11 GMT
Let me guess Lendinvest? Personally, I have run this one down to my last defaulted loan. I may consider another dabble once my funds are returned. No not that one and I don't want to mention it in case I curse it and/or get accused of "throwing a bone" BC
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cwah
Member of DD Central
Posts: 949
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Post by cwah on Nov 10, 2019 9:15:41 GMT
The moral of the story is to ignore whether the platform is FCA regulated or not since it doesn't seem to make much difference. In fact, the p2p company I'm most heavily invested in has been the most successful for me to date and doesn't even require FCA permission because its apparently not true p2p. Same for me. I always said that the FCA actually do it worse for investors. They add load of useless regulations and cost which lead to bankruptcy of the platform. Then they don't take responsabilities....
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