wizard1
New Member
Posts: 3 
Likes: 2
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Post by wizard1 on Jan 20, 2021 9:14:41 GMT
Hi
I am looking at p2p like Kuflink and Unbolted
Unbolted appeals to me because of the current times, however reading about the court case and other posts on the forum concern me
Walk away?
Also, is the 12% advertised on site realistic? What are you getting as real interest?
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Post by dan1 on Jan 20, 2021 9:48:35 GMT
Hi I am looking at p2p like Kuflink and Unbolted Unbolted appeals to me because of the current times, however reading about the court case and other posts on the forum concern me Walk away? Also, is the 12% advertised on site realistic? What are you getting as real interest? Hi and welcome to the forum. Arguably the biggest risk to your capital is platform failure (just have a read of the P2x sites closed to new retail investors section of the forum), and not just the conventional risks of assets, borrowers, provision funds etc. Therefore, you have to weigh up the returns offered (the up to 12%) against the underlying platform risk + any additional risk you assess the current court case to add to the platform viability. There are no easy answers.
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wizard1
New Member
Posts: 3
Likes: 2
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Post by wizard1 on Jan 20, 2021 9:57:46 GMT
Hi I am looking at p2p like Kuflink and Unbolted Unbolted appeals to me because of the current times, however reading about the court case and other posts on the forum concern me Walk away? Also, is the 12% advertised on site realistic? What are you getting as real interest? Hi and welcome to the forum. Arguably the biggest risk to your capital is platform failure (just have a read of the P2x sites closed to new retail investors section of the forum), and not just the conventional risks of assets, borrowers, provision funds etc. Therefore, you have to weigh up the returns offered (the up to 12%) against the underlying platform risk + any additional risk you assess the current court case to add to the platform viability. There are no easy answers. Thanks, I'll probably end up staying in stocks
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archie
Posts: 1,838
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Post by archie on Jan 20, 2021 10:32:19 GMT
Hi I am looking at p2p like Kuflink and Unbolted Unbolted appeals to me because of the current times, however reading about the court case and other posts on the forum concern me Walk away? Also, is the 12% advertised on site realistic? What are you getting as real interest? I wouldn't use an IFISA on Unbolted because it's difficult to get cash invested at the moment. I'm being forced to withdraw cash due to the lack of loans. More repayments than investments.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Jan 20, 2021 11:19:15 GMT
Kuflink are very approachable. Has a good supply of loans to there book at present. So investing money is Prompt. (so far this year). do your own research ect. dont do Unbolted to couldn't comment.
Have a read around this forum for info /experiences, good bad ect.
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Post by Ace on Jan 20, 2021 12:34:31 GMT
Hi I am looking at p2p like Kuflink and Unbolted Unbolted appeals to me because of the current times, however reading about the court case and other posts on the forum concern me Walk away? Also, is the 12% advertised on site realistic? What are you getting as real interest? Hi wizard1, I replied to your kuflink questions on MSE. I'm very happy with my Unbolted accounts. I'm averaging around 9% annual return in each of the 3 accounts that I manage. As others have said, the biggest problem with Unbolted is getting one's funds deployed. I'm managing to keep a low 5 figure sum nearly constantly deployed across my 2 accounts and am trying to increase this, but I only add a small amount of cash when free funds are low. I'm not concerned by the court case. I believe that it is being brought by a vexatious litigant that will eventually lose his case, but I'm definitely no expert. No, I don't believe that a 12% return is achievable in practice. There simply aren't sufficient loans of the type that would pay this higher rate to be able to deploy one's cash into.
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hendragon
Member of DD Central
Posts: 631
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Post by hendragon on Jan 22, 2021 11:50:50 GMT
Diversification of platforms, when you invest in p2p, is as important as diversification of shares/holdings in any market portfolio. All your eggs in one basket is very risky.
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