Towards the end of May last year I decided to reduce my exposure and soon after 'stumbled' into wind-down mode, a strategy that had worked well for me in the past with both Zopa and FC.
At the time it was suggested by some(one) that unless I took drastic action I would face massive losses.
Well I can now report that with today's withdrawal I have recouped 100% of my original capital investment, all via repayments and with no RYIs (I've dabbled with these but have so far cancelled them all).
With just my 'profits' left invested from now on, hopefully it'll be downhill all the way...
Pensioner. Investor. Ex-Peer to Peer Lender. Executive Producer. Antagonist.
It's another great achievement in P2P lending. I hope more platforms follow no capital loss but profit principle. Clearing out all those RYIs and 1 year in less than a year is definitely something RS should be proud of.