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Post by gramsky on Feb 9, 2020 16:43:19 GMT
Since the introduction of the 'Risk Grades' I have been moving money from the high risk loans to the lower risk loans. I only invest in loans with an interest rate of 7% or above. I have had little problem selling even the high risk loans, especially if I am willing to give a 0.5% discount which is not a great loss, and if I am selling someone must be buying. On the other hand I have difficulty buying the lower risk loans so I assume if I wanted to sell these they would be fairly quickly bought. I have been doing fairly well over the past few years and at present am invested in AC, LandlordInvest, Relendex. I have a few defaulted loans in FC (property development loans) and luckily only a small amount in Lendy. But after the FC defaults and failure of Lendy I have also thought about pulling out of P2P but where else do I invest my money? Index Funds P2P lending is the only thing I have made money in, I tried all kinds of shares and indices for many years and only ever lost.
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lobster
Member of DD Central
Posts: 636
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Post by lobster on Feb 9, 2020 17:04:03 GMT
P2P lending is the only thing I have made money in, I tried all kinds of shares and indices for many years and only ever lost. It's hard to understand how anyone could have lost money in 2019 by investing in Index Funds ? However, that most certainly does not mean that this year or any future year will also be profitable.
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