blender
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Post by blender on Dec 22, 2014 9:09:43 GMT
Hi Roni, see a discussion on this on p2pindependentforum.com/thread/1833/great-idea-disgraceful-execution From the point of view of risk of loss, opinion is divided on whether it is safe to use just the FC platform. I say it is and that is what I do, while almost everyone else thinks you should spread your money over a number of platforms. |
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Post by GSV3MIaC on Dec 22, 2014 12:38:53 GMT
It depends how much you have in P2P in total and how much trouble it would cause you if a platform failed. Bit like insurance really - I don't insure against damaging my TV, because it is a risk I can stand and money I can save. I do insure against my house burning down - much less likely, but totally not ignorable if it happens.
If you have 2% of your worldly wealth in P2P, then by all means go with a single platform. If you have 30%, which you can ill afford to lose, spread it around a bit. Eggs/baskets .. was ever thus. There is some hassle (and extra 'idle' funds) involved in using multi platforms, although some like RD or Zopa are low energy compared to FC. I do use one platform for (a fairly large, too much to grin if I lose it!) investment in shares/unit trusts, but that is regulated and protected to a much larger extent than P2P.
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