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Post by roxanamohammadian on Jan 18, 2021 16:21:07 GMT
Good Afternoon everyone,
I hope you had a great festive break and are back full of exciting plans for 2021.
It’s the time of the year when many people look to rebalance their investment portfolios. So, I’d love to hear the forum’s view on the P2P allocation of your portfolios. Who’s looking to increase or decrease their P2P allocation? And who’s looking to diversify and add more platforms to their portfolio? If so, what are the factors you look at when choosing a new platform to invest with? Would love to hear your thoughts!
Have a great afternoon,
Roxana
Capital at risk. Read the full warning on our website.
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Post by p2pgirl on Jan 19, 2021 9:44:45 GMT
Hi Roxana,
I'm continuing to add to and diversify my p2p portfolio this year. Blend are definitely on my radar following Financial Thing's excellent interview with Yann. Aside from the usual of reputation & sentiment, returns vs risk, and past performance, there are a couple of areas that stop me investing with Blend:
1. The ability to diversify within a platform. The £1,000 minimum per loan (or have I misunderstood that?) makes it extremely hard to diversify quickly.
2. Lack of IFISA. As a high rate tax payer this is essential together with no fees on transfers to allow easy rebalancing when required.
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Post by roxanamohammadian on Jan 27, 2021 15:55:33 GMT
Hi p2pgirl, Thanks so much for your feedback and I’m delighted to hear you are keeping an eye on us 😊 Yes, you are right in that the minimum investment with Blend Network is £1,000. And, yes you are also right that we don’t currently offer IFISA. We do, however, offer SIPP (self invested personal pension) or a SSAS (small self administered scheme) thus many of our lenders are able to invest and diversify using their pension . You might also find it better for you to diversify with Blend Network if you decide to invest with a SIPP or SSAS. We can help you set up a SIPP with a provider if you don’t have one already. There is also no fee on our side for transferring money to Blend Network or withdrawing money back. In terms of track-record, you may check our portfolio performance to date here: www.blendnetwork.com/pages/statistics We very much look forward to welcoming you as a lender in due course 😊 Have a great day, Roxana Capital at risk. Read the full warning on our website. |
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Post by p2pgirl on Jan 28, 2021 14:01:03 GMT
Hi roxanamohammadian Thanks for taking the time to reply. Yes, you are right in that the minimum investment with Blend Network is £1,000. And, yes you are also right that we don’t currently offer IFISA. Of these the IFISA is key to me investing. My personal savings allowance is fully utilized so I'd be paying full tax on any returns not in an IFISA wrapper. This drops the average returns from 10% to nearer 6%. Please do let me know when/if you do provide an IFISA wrapper. We do, however, offer SIPP (self invested personal pension) or a SSAS (small self administered scheme) thus many of our lenders are able to invest and diversify using their pension . You might also find it better for you to diversify with Blend Network if you decide to invest with a SIPP or SSAS. We can help you set up a SIPP with a provider if you don’t have one already. There is also no fee on our side for transferring money to Blend Network or withdrawing money back. I'm not sure I'm brave enough to put any of my pension into P2P. But would be interested to hear from anybody who has? |
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corto
Member of DD Central
one-syllabistic
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Post by corto on Jan 30, 2021 21:57:43 GMT
I have driven it down to 10% and will hold it about there for 2021.
I do not believe entirely in the diversification argument anymore.
There were too many platform failures. Short-term lenders in those can hardly have made much gains.
Am monitoring platforms more tightly now.
p2p smoothes the fluctuations; I like that; but I may be delusioned here,
because the build up of bad debt happens in the background.
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Post by roxanamohammadian on Feb 15, 2021 11:23:05 GMT
Thank you p2pgirl! We’ll certainly keep you informed and let you know when we plan to introduce IFISA. We’d also love to hear what the Forum thinks on investing their pension with P2P property lending. For anyone interested, here’s a link to an article I wrote on What Investment Magazine titled ‘P2P property lending attracts pension investors’: linkHave a great day! Capital at risk. Read the full warning on our website. Roxana |
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Post by roxanamohammadian on Feb 15, 2021 11:24:40 GMT
I have driven it down to 10% and will hold it about there for 2021. I do not believe entirely in the diversification argument anymore. There were too many platform failures. Short-term lenders in those can hardly have made much gains. Am monitoring platforms more tightly now. p2p smoothes the fluctuations; I like that; but I may be delusioned here, because the build up of bad debt happens in the background. Thank you corto. The recent failures have sadly damaged the reputation of our industry, but we hope that track-records of platforms like us at Blend Network will help enhance the trust in the sector going forward. We at Blend Network strongly believe that it’s all about the due diligence done by the platforms on the loans and we favour quality over quantity of loans. That’s how at Blend Network we have managed to build a track-record of average 10.23% return p.a. (as of today 15.02.2021) and 0 loss. I know some of the forum members (and other non-forum members) often get frustrated because our loans get funded so quickly, but frankly for us it’s way better to have fewer loans but good loans than have more less-good loans! 😊 Have a great day! Capital at risk. Past performance is not a reliable indicator of future results. Read the full warning on our website. Roxana
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