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Post by jasonnewman on Apr 11, 2020 11:38:47 GMT
Keen to get an idea from the wider community what they are doing with repayments and withdrawals and whether they continue to invest with AC.
Please vote.
Thanks
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pikestaff
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Post by pikestaff on Apr 11, 2020 13:43:02 GMT
I'm not answering such a biased poll.
I am currently withdrawing funds but not, as the wording of the "No" option implies, because I'm getting out of AC. I think they are doing a good job in very difficult circumstances and I hope they are still standing when things get back to normal.
For the time being, however, I'm reducing my p2p exposure wherever I can (not just on AC) and switching the funds to WiseAlpha and Downing Crowd.
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tjtl
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Post by tjtl on Apr 11, 2020 15:03:31 GMT
I am with Pikestaff- in all I had a low 7 figure sum in total in P2P sites, including RateSetter, FC, Wellesley, Relendex, Zopa, Bondora and Assetz and a couple of other small ones- far too much, so have been somewhat belatedly withdrawing all that I could and (metaphorically) sticking the cash under the mattress (for that read Coventry Building Society, Aldermore, Skipton, and anyone with full £85k cover). But before I shout expletives at the performance of my P2P investments I look at my pension fund- down 20%, my VCTs- down 20%, my private company investments- probably written off with just the tax relief to claim, the equities I hold- slaughtered. So far my P2P investments have been the most secure- ridiculous I know, and likely to get worse I know- but when something like Covid-19 happens all assets get stuffed, and many rush for liquidity- but (in my case) this rush for liquidity is not that "I am getting out of AC"- it is that "I am getting in to cash"- and when the storm abates, and I can asses the damage, I may well come trundling back in- but in a much smaller amount. For what it is worth I think the AC management are making less mistakes than I would have made in their position, and I wish them well, and an infinite amount of luck and forbearance- I hope they can navigate through these markets.
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Post by kazamx on Apr 11, 2020 15:30:43 GMT
I'm not answering such a biased poll. I am currently withdrawing funds but not, as the wording of the "No" option implies, because I'm getting out of AC. I think they are doing a good job in very difficult circumstances and I hope they are still standing when things get back to normal. For the time being, however, I'm reducing my p2p exposure wherever I can (not just on AC) and switching the funds to WiseAlpha and Downing Crowd. WiseAlpha bonds have been rising like rockets after the massive crash. I am still down but my losses have been cut in half over the last week.
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Post by jasonnewman on Apr 11, 2020 17:34:16 GMT
Good to see a lot of people re-investing their money.
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gmitz
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Post by gmitz on Apr 11, 2020 18:07:45 GMT
Good to see a lot of people re-investing their money.
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