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Post by snowflake on Aug 5, 2020 12:12:54 GMT
I have a fair bit with CP, but would like to diversify more
What other platforms are you using if you're a CrowdProperty lender? Thanks
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Nomad
Member of DD Central
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Post by Nomad on Aug 5, 2020 14:09:54 GMT
I have a fair bit with CP, but would like to diversify more What other platforms are you using if you're a CrowdProperty lender? Thanks You may want to take a look at Capital Rise, Kuflink, Loanpad, Property Bridges (Ireland), Proplend, Relendex, and Uown. Other options include Ablrate, Unbolted, and Wise Alpha.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 5, 2020 14:11:37 GMT
I have a fair bit with CP, but would like to diversify more What other platforms are you using if you're a CrowdProperty lender? Thanks I'm active with Proplend, Loanpad, and Kuflink. Also holding steady with Ablrate, Unbolted and Just Us. Slowly decreasing in Assetz and as quickly as poss from Archover. Hope this is helpful.
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Post by skidrow on Aug 6, 2020 17:13:42 GMT
I'm moving in the opposite direction, having pulled out of most platforms. CrowdProperty are now my main P2P investment and I intend to keep Proplend going for the foreseeable future too. I reluctantly pulled out of Loanpad this week despite their excellent performance over the past few months and the fact that they continue to do what they do well.
The quasi savings accounts (i.e. "quick access") that have been a mainstay of p2p are not for me any more because for them to work properly, they need liquidity. You need to be vigilant, and lucky, to get out unscathed when things go wrong. Consider whether the extra few % interest over a FSCS account is worth it. An investment in CrowdProperty or Proplend may go wrong too but at least liquidity isn't going to be the problem if you're intending to keep the loans for the full term.
Read the threads on this forum and take note of the sensible posters; there are lots of them and they often point out the pitfalls. Good luck.
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Post by nooneere on Aug 6, 2020 17:25:40 GMT
I'm moving in the opposite direction, having pulled out of most platforms. CrowdProperty are now my main P2P investment and I intend to keep Proplend going for the foreseeable future too. I reluctantly pulled out of Loanpad this week despite their excellent performance over the past few months and the fact that they continue to do what they do well. The quasi savings accounts (i.e. "quick access") that have been a mainstay of p2p are not for me any more because for them to work properly, they need liquidity. You need to be vigilant, and lucky, to get out unscathed when things go wrong. Consider whether the extra few % interest over a FSCS account is worth it. An investment in CrowdProperty or Proplend may go wrong too but at least liquidity isn't going to be the problem if you're intending to keep the loans for the full term. Read the threads on this forum and take note of the sensible posters; there are lots of them and they often point out the pitfalls. Good luck. Agree with your general idea that diversification has been a problematic strategy in P2P, contrary to all received wisdom. You are also right that liquidity has vanished on the quick access platforms whose investors have panicked. But whether or not one gets out unscathed depends more on the performance of the underlying loans. I haven't invested in these platforms, but as far as I can see Lendy had the same P2P model as CP or Proplend - it's just that Lendy's loans were terrible. (CP and Proplend look very competent, there is no comparison in quality I should make clear.)
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