|
Post by madkings on Jan 28, 2021 3:06:15 GMT
Where are people moving their RateSetter cash to ?
|
|
beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
|
Post by beagle on Jan 28, 2021 8:34:04 GMT
Where are people moving their RateSetter cash to ? Holding account > bank > stocks, indices, some p2p (small volume), bonds beating inflation
|
|
|
Post by Ace on Jan 28, 2021 9:18:43 GMT
Over the last 6 months my repayments from Ratesetter, Zopa, Funding Circle, Growth Street, Lending Works, Assetz Capital, Moneything and Lendy have been going to Loanpad as a holding account, then, as opportunities arise, on to : CrowdProperty, Unbolted, SoMo, Qardus, ABLrate, Kuflink, CapitalRise, Proplend and AxiaFunder.
|
|
beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
|
Post by beagle on Jan 28, 2021 10:09:47 GMT
Over the last 6 months my repayments from Ratesetter, Zopa, Funding Circle, Growth Street, Lending Works, Assetz Capital, Moneything and Lendy have been going to Loanpad as a holding account, then, as opportunities arise, on to : CrowdProperty, Unbolted, SoMo, Qardus, ABLrate, Kuflink, CapitalRise, Proplend and AxiaFunder. I like crowdproperty but worry about the type of property they always seem to fund
|
|
|
Post by Ace on Jan 28, 2021 11:03:02 GMT
Over the last 6 months my repayments from Ratesetter, Zopa, Funding Circle, Growth Street, Lending Works, Assetz Capital, Moneything and Lendy have been going to Loanpad as a holding account, then, as opportunities arise, on to : CrowdProperty, Unbolted, SoMo, Qardus, ABLrate, Kuflink, CapitalRise, Proplend and AxiaFunder. I like crowdproperty but worry about the type of property they always seem to fund Is not clear to me what the nature of your concern is. They mostly fund property development loans, which some are reluctant to lend against due to the problem that the value of the security can drop midway through the development. My take on this is that this is where CP specialise. They've proven themselves to be competent at managing the flow of funds that they release to the developer such that they ensure that value has been added by the previous release before making further advances. I'm content that this puts them in a reasonably good position if default occurs and they need to take over the development themselves, which I'm led to believe they are capable of. I'm not aware that this claim has ever been tested. I've had some reservations myself about lending on multiphase development loans. The concern being that if CP's funding lines dry up then they could struggle to complete developments and may then need to sell them on at a loss. I have questioned CP over this in the past. They have assured me that they would be able to raise sufficient funding, but haven't been clear about exactly how. So, this is still a small concern for me, but given that one recent loan was nearly 50 times oversubscribed by auto-investors recently I'm not too worried at present. Another concern I've seen voiced is about funding HMOs. This isn't a concern for me. Our country is desperately short of good quality affordable housing. The facts are that HMO type accommodation is all that many can afford, and this is likely to be the case for many years hence. The sort of HMO accommodation being funded appears to be at the higher end of this market, so not the slum-like conditions that one might imagine. Having lived in a decent HMO for a while myself, I found it perfectly acceptable and suited my financial circumstances at the time. On top of all of that, I'm currently invested in around 50 current CP loans (and have had 13 loans successfully complete and repay). So, on average only 2% of my CP pot is invested in each loan. Given that they've made over 250 loans over 7 years without losses, I'm content that even if a few loans do result in losses I'm unlikely to make an overall loss. On top of this, CP only accounts for 10% of my P2P portfolio, so each individual loan only averages 0.2% of my P2P capital. Just a few thoughts. Not sure if they answer your particular concern.
|
|
travolta
Member of DD Central
Posts: 1,458
Likes: 1,167
|
Post by travolta on Jan 28, 2021 15:28:52 GMT
Property , Shares and Elfin Market. Also sold Gold at top of the market.
|
|
coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
|
Post by coogaruk on Jan 28, 2021 16:02:33 GMT
Premium Bonds, SIPP, Cash.
|
|
beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
|
Post by beagle on Jan 28, 2021 19:59:49 GMT
Property , Shares and Elfin Market. Also sold Gold at top of the market. What is your experience like with Elfin?
|
|
travolta
Member of DD Central
Posts: 1,458
Likes: 1,167
|
Post by travolta on Jan 28, 2021 21:12:54 GMT
Too early to give an assessment . So far so good.
|
|
|
Post by redpete on Jan 28, 2021 21:59:05 GMT
Premium Bonds
|
|
ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Jan 29, 2021 8:29:50 GMT
Hmm, surprised so many are “investing” into safe products guaranteed to lose money after inflation.
i’m reinvesting the majority of repayments in ac and Zopa, as they both look like survivors to me. The balance I am putting into loanpad and Proplend, both of whom seem to be managing in the pandemic.
|
|
beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
|
Post by beagle on Jan 29, 2021 8:42:14 GMT
Hmm, surprised so many are “investing” into safe products guaranteed to lose money after inflation. i’m reinvesting the majority of repayments in ac and Zopa, as they both look like survivors to me. The balance I am putting into loanpad and Proplend, both of whom seem to be managing in the pandemic. I agree, inflation losing products are not really worth it. Zopa I am not so sure on.
|
|
|
Post by redpete on Jan 29, 2021 10:38:07 GMT
Hmm, surprised so many are “investing” into safe products guaranteed to lose money after inflation. i’m reinvesting the majority of repayments in ac and Zopa, as they both look like survivors to me. The balance I am putting into loanpad and Proplend, both of whom seem to be managing in the pandemic. In my case it's because P2P was a relatively small part of my portfolio for experience how it worked first hand. I've already got plenty more in volatile / risky / rewarding investments so a safe sub-inflation home as I withdraw from RS is fine, and the tax free return on PBs helps. Currently withdrawing on a monthly basis from RS, LW and AC. Might consider AC in the future for new money.
|
|
coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
|
Post by coogaruk on Jan 29, 2021 11:42:12 GMT
Hmm, surprised so many are “investing” into safe products guaranteed to lose money after inflation. i’m reinvesting the majority of repayments in ac and Zopa, as they both look like survivors to me. The balance I am putting into loanpad and Proplend, both of whom seem to be managing in the pandemic. Each to their own. Good luck with your riskier investments.
|
|
|
Post by cassiopeia on Feb 1, 2021 11:34:28 GMT
I will need to return the money I've taken out of Ratesetter into their holding account by the end of this financial year to retain the ISA status on the money, after that I intend to transfer it to a conventional ISA S&S stockbroker.
Is the holding account at Ratesetter still safe and ring fenced since the changes?
|
|