jester
Member of DD Central
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Post by jester on Apr 7, 2021 17:45:28 GMT
I've always had a policy that I split my P2P funds across a minimum of 10 platforms.
Perhaps it was always a failed concept as picking Lendy&Moneything hasn't exactly helped. Then again that's probably poor platform choice and the diversification mitigates against platform failures.
With the returning of funds from Growth St, Octopus, Ratesetter and British Pearl my list has suddenly shortened significantly.
I'm still with:
Zopa
Assetz
Unbolted
Loanpad
Crowd Property
Kuflink
Abundance
Lending Works (although drawing down)
Property Partner (again drawing down and not P2P)
If I'm to keep applying the diversification policy in a dwindling arena where should I be looking for fire and forget and "so far" trustworthy platforms?
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Post by Ace on Apr 7, 2021 17:57:21 GMT
You might consider adding Proplend.
I'm also a fan of CapitalRise and ABLrate, but they're not fire-and-forget types.
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jester
Member of DD Central
Posts: 175
Likes: 208
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Post by jester on Apr 7, 2021 18:07:34 GMT
Their £1k minimum is a bit beyond my comfort level at this point I'm afraid!
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Post by Ace on Apr 7, 2021 18:20:12 GMT
Their £1k minimum is a bit beyond my comfort level at this point I'm afraid! Fair enough. How about ElfinMarket? They're too young for me to form any real opinion, and I'm a little nervous of unsecured consumer lending in the current climate, but I'm doing OK with them so far.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Apr 7, 2021 19:09:32 GMT
Blend might be worth a look ?? but a grand a punt. and not tru p2p ,sumo, and lendinvest may be worth a look and some dd. Axia and Qardus are different and may appeal in a small way.
I find it takes a lot of time and dd to get enough faith to invest in a new platform.
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Post by Ton ⓉⓞⓃ on Apr 7, 2021 19:51:23 GMT
Blend might be worth a look ?? but a grand a punt. and not tru p2p , sumo, and lendinvest may be worth a look and some dd. Axia and Qardus are different and may appeal in a small way. I find it takes a lot of time and dd to get enough faith to invest in a new platform.
I've emboldened "Sumo" above, did you mean SoMo?
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Post by Badly Drawn Stickman on Apr 7, 2021 20:10:20 GMT
Their £1k minimum is a bit beyond my comfort level at this point I'm afraid! Connective is not on your list, may be worth a look. As low as you like investing and probably a lot of eyes on it looking for any signs of problems currently.
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Post by honeybadger on Apr 8, 2021 6:09:54 GMT
I've got some money in Invest&Fund.
I actually want some consumer loan risk, my P2P portfolio is too tilted to property be nice to juice some returns. Some nice tips to investigate in this thread thanks.
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jester
Member of DD Central
Posts: 175
Likes: 208
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Post by jester on Apr 8, 2021 17:05:16 GMT
Thanks everyone for the input, been interested in the offering from Elfin and was going to trial last year until I realised they didn't accept IFISA transfers. New tax yr, time to try!
Proplend, Blend and SoMo above my minimum loan amount for now.
Connective is of interest but initially put off by links to Funding Secure and it having only launched. Didn't think of the all eyes on it angle hmmmm thanks.
Not familiar with offering from Qardus, LendInvest and Invest&Fund .... I'll go explore.
Axia certainly sounds interesting but disconcertingly unfamiliar as an investment proposition. Made me nervous!
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cb25
Posts: 3,528
Likes: 2,668
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Post by cb25 on Apr 8, 2021 21:21:48 GMT
I've got some money in Invest&Fund. I actually want some consumer loan risk, my P2P portfolio is too tilted to property be nice to juice some returns. Some nice tips to investigate in this thread thanks. How's that going? I'm interested in number of new loans per month, lender rates, type of loan etc. There's an I&F thread here but has no recent updates, so hard to judge how lenders find this platform.
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Post by honeybadger on Jun 10, 2021 11:21:00 GMT
I've got some money in Invest&Fund. I actually want some consumer loan risk, my P2P portfolio is too tilted to property be nice to juice some returns. Some nice tips to investigate in this thread thanks. How's that going? I'm interested in number of new loans per month, lender rates, type of loan etc. There's an I&F thread here but has no recent updates, so hard to judge how lenders find this platform. Sorry to respond to this so late, been diversifying into other areas and haven't kept up. Invest and fund, the loan flow is "ok", but the investment process isn't that great. The "bidding mandate" product is confusing and simply does not seem to do what you ask it, so you end up doing the "everyone log on at 3:00 and bid thing", which basically...sucks! Have to say no issues with any loans invested in, or capital returned so far - I just think they should pay the money for a decent web UX guy to overhaul the web site and navigation. It's basically crappy.
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