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Post by overthehill on Jun 20, 2021 9:35:00 GMT
Lot of discussion about P2P not being investable which I take to mean buying shares for capital and dividend growth. Can't see many P2P companies going public , their aim is more likely to be a straight sale to another company or stay private with a low cost model in retail and/or institutional lending. It's going to be hard for a P2P company to satisfy retail lenders and shareholders or either in the case of Funding Circle! A ridiculously high valuation destroyed the landscape for others for a few years. Didn't Neil Woodford invest in them, not sure ?
Proplend, Crowdproperty, Kuflink? are the stalwarts of the current p2p industry and if one them go down then it's probably time to divest.
But where else would you loan 5k right now excluding the 3 above and the others I'm in which are Landlordinvest, HNW Lending, CapitalRise, Unbolted, Ablrate, AssetzCapital, Blend Network.
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dead-money
Rocket to the Moon
Posts: 746
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Post by dead-money on Jun 20, 2021 9:44:55 GMT
Lot of discussion about P2P not being investable which I take to mean buying shares for capital and dividend growth. Can't see many P2P companies going public , their aim is more likely to be a straight sale to another company or stay private with a low cost model in retail and/or institutional lending. It's going to be hard for a P2P company to satisfy retail lenders and shareholders or either in the case of Funding Circle! A ridiculously high valuation destroyed the landscape for others for a few years. Didn't Neil Woodford invest in them, not sure ?
Proplend, Crowdproperty, Kuflink? are the stalwarts of the current p2p industry and if one them go down then it's probably time to divest.
But where else would you loan 5k right now excluding the 3 above and the others I'm in which are Landlordinvest, HNW Lending, CapitalRise, Unbolted, Ablrate, AssetzCapital, Blend Network.
Coincidentally, p2pindependentforum.com/post/430579/thread
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Post by overthehill on Jun 20, 2021 12:04:02 GMT
Nothing of new interest there for me.
Loanpad / zopa - interest rate too low. capitalstackers - min. inv. too high especially for junior loans. invest & fund - isn't this 5k min. inv. as well. lending works - running for the door.
Blend Network won't like being called Blend, sounds like a kitchen appliance manufacturer.
capitalrise, landlordinvest, crowdproperty, capitalstackers are all one word with no space. makes a difference in court proceedings.
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Post by Ace on Jun 20, 2021 12:39:09 GMT
I think SoMo is an obvious omission from those mentioned, though this may be due to them not being strictly P2P. It also might be due to their £5k minimum investment, but you're already in HNW which also has a £5k minimum (£10k outside of an ISA).
I also like AxiaFunder for something completely different and uncorrelated to the others, though very much at the higher risk/reward end of the scale. They have a £500 minimum per loan, but some of their loans cover multiple cases.
Another platform that's proving very profitable for me so far is Qardus, though they are way to young to have developed any meaningful record yet.
EDIT: There are no loans available on Qardus or AxiaFunder right now, so wouldn't qualify for the "right now" part of the thread title.
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Post by overthehill on Jun 20, 2021 13:04:53 GMT
I think SoMo is an obvious omission from those mentioned, though this may be due to them not being strictly P2P. It also might be due to their £5k minimum investment, but you're already in HNW which also has a £5k minimum (£10k outside of an ISA). I also like AxiaFunder for something completely different and uncorrelated to the others, though very much at the higher risk/reward end of the scale. They have a £500 minimum per loan, but some of their loans cover multiple cases. Another platform that's proving very profitable for me so far is Qardus, though they are way to young to have developed any meaningful record yet. EDIT: There are no loans available on Qardus or AxiaFunder right now, so wouldn't qualify for the "right now" part of the thread title.
Up until now I've avoided all of these 'not strictly P2P' companies. Without any evidence I just picture evener bleaker administration outcomes being just another creditor.
HNW Lending is a 5k min. but I am in autoinvest which provides the diversification. I just heard this week they are reducing the interest rate from 7% to 6% so I'm thinking of withdrawing. I don't like autoinvest in general either but it seemed the only option here.
I'm going to research qardus and axiafunder. Someone on here used the word philantropy recently and I'm worried I might fall into that trap with axiafunder !
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Jun 20, 2021 14:26:51 GMT
I think SoMo is an obvious omission from those mentioned, though this may be due to them not being strictly P2P. It also might be due to their £5k minimum investment, but you're already in HNW which also has a £5k minimum (£10k outside of an ISA). I also like AxiaFunder for something completely different and uncorrelated to the others, though very much at the higher risk/reward end of the scale. They have a £500 minimum per loan, but some of their loans cover multiple cases. Another platform that's proving very profitable for me so far is Qardus, though they are way to young to have developed any meaningful record yet. EDIT: There are no loans available on Qardus or AxiaFunder right now, so wouldn't qualify for the "right now" part of the thread title. I would second SoMo as a platform to very much consider. As you say, they are not technically P2P, but work very similarly to P2P platforms. The returns are extremely impressive and what I like is that they proactively and aggressively chase down non-payers and try to get every penny owned (e.g. their updates state they call the court every single day to get their case heard), whereas the reality is the staff on most other platforms lack the genuine hunger to get paid by crafty non-cooperative borrowers. Therefore SoMo is one of my favourite platforms without a shadow of doubt.
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sussexpeer
Member of DD Central
If you don't make a plan, you'll end up where you're headed.
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Post by sussexpeer on Jul 28, 2021 16:54:16 GMT
Just happened upon this thread. What would I put £5,000 in right now? Well, in the last five days I've invested £5k+ into each of my top 3: CP, KL and UB. I'm holding my PL portfolio, and I use LP like an easy access high interest savings account. I've exited my Capital Rise portfolio completely, and I'm scraping the last dregs from LW, FC, RX and AC. I've yet to look at a few of the others platforms mentioned in this thread, like LLI, HNWI, Abl, CS and SoMo. But I'm very happy with my top 3.  |
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cwah
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Post by cwah on Jul 28, 2021 22:54:00 GMT
I've just got all my money back from Mintos. So if there would be one I'd invest in, it would be them.
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