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Post by barnsleybiker on Dec 13, 2022 12:25:16 GMT
I tend to invest then just leave it be, I've been in peer to peer for long enough to see ratesetter then zopa close their doors.
Loanpad has been steady away for a good while and felt reasonably safe plus its good to see rates rising.
i need to diversify my little pot of money as all my money has ended up with loanpad.
these are still strange times but any recommendations of who i should research would be welcome, or even who to avoid!!!! i'm looking to invest 20 to 40K ish.
thanks.
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Post by overthehill on Dec 13, 2022 12:38:00 GMT
I tend to invest then just leave it be, I've been in peer to peer for long enough to see ratesetter then zopa close their doors. Loanpad has been steady away for a good while and felt reasonably safe plus its good to see rates rising. i need to diversify my little pot of money as all my money has ended up with loanpad. these are still strange times but any recommendations of who i should research would be welcome, or even who to avoid!!!! i'm looking to invest 20 to 40K ish. thanks.
If you're used to loanpad rates, not a recommendation but Proplend Tranche A ! In nearly 6 years, I've never even had a late loan where the interest payments have stopped for more than month. There are many loans now that I'm not in so I'm not sure how universal that is.
In general, commercial and residential bridging and mortgages are always going to be safer than development loans. Their monthly updates provide ample support and evidence of that. Proplend don't do development loans.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Dec 13, 2022 13:09:52 GMT
I tend to invest then just leave it be, I've been in peer to peer for long enough to see ratesetter then zopa close their doors. Loanpad has been steady away for a good while and felt reasonably safe plus its good to see rates rising. i need to diversify my little pot of money as all my money has ended up with loanpad. these are still strange times but any recommendations of who i should research would be welcome, or even who to avoid!!!! i'm looking to invest 20 to 40K ish. thanks.
If you're used to loanpad rates, not a recommendation but Proplend Tranche A ! In nearly 6 years, I've never even had a late loan where the interest payments have stopped for more than month. There are many loans now that I'm not in so I'm not sure how universal that is.
In general, commercial and residential bridging and mortgages are always going to be safer than development loans. Their monthly updates provide ample support and evidence of that. Proplend don't do development loans.
Agree with you. I'm in the later loans (as well as the older ones) all at tranche A and have not lost any Cap. The problem you may have, barnsleybiker, is the speed with which you will get your money invested (assuming you want to spread your risk). The min investment is £1K in each loan but you're not guaranteed to get a slice of every loan so it could take a while to get fully invested.
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p2pfan
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Full-Time Investor
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Post by p2pfan on Dec 13, 2022 13:36:00 GMT
I would concur with the above thoughts.
LoanPad have been great in my experience and come highly recommended.
Proplend used to be great when you could simply invest in any loan you liked when it went live, but their AutoLend nonsense is a pain in the neck and it's difficult to get invested into loans. It will probably take you a very long time to invest your £20k-£40k. Therefore, I'd recommend LoanPad.
Also, for higher risk but also much higher return (9%-10%), you could have such a sum invested quite quickly in Somo. They launch several new loans every week. They've been excellent and I've enjoyed a good return over the years.
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Post by Ace on Dec 13, 2022 14:00:31 GMT
I agree with the Proplend and SoMo suggestions.
Kuflink and/or CrowdProperty are worth a look if you like Loanpad and want to move a little way up the risk/ reward scale (around 7%). Both have ISAs if that's of any interest.
If you're looking to move even higher up the risk/reward scale with some of that cash then Shojin and/or CapitalStackers are worth a look (we're generally talking 10% plus here, so bound to be an increased risk). CS have a £2.5k minimum but nothing currently available on the PM, so would take time and effort to get deployed. Shojin have a £5k minimum and currently have 5 PM projects available, so very easy to get deployed. Both provide a lot of details on the loans, and both have ISAs.
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Post by barnsleybiker on Dec 13, 2022 15:30:04 GMT
thanks for the quick responses, looks like there will be some essential bed time reading coming up for me!
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Greenwood2
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Post by Greenwood2 on Dec 13, 2022 15:30:29 GMT
Elfin market still seem good and a bit different, retail rolling credit, if you want to diversify across types of platform. I don't know how they will do in a recession, but Zopa survived the last crash. Usually quick to deploy funds and well diversified (they say).
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Post by df on Dec 13, 2022 18:26:05 GMT
I tend to invest then just leave it be, I've been in peer to peer for long enough to see ratesetter then zopa close their doors. Loanpad has been steady away for a good while and felt reasonably safe plus its good to see rates rising. i need to diversify my little pot of money as all my money has ended up with loanpad. these are still strange times but any recommendations of who i should research would be welcome, or even who to avoid!!!! i'm looking to invest 20 to 40K ish. thanks. Unbolted??? It will take time to get invested, but in a long term it has been a good earner so far (my XIRR is 8.5%). UB can be good for fire and forget.
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mogish
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Post by mogish on Dec 14, 2022 12:49:46 GMT
Yip agree with LP and UB .let's see what happens tomorrow with Bie rates. Fixed bonds may be worth a look with protection.
Or you could buy my ktm 1190 😁
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mogish
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Post by mogish on Dec 14, 2022 12:50:19 GMT
Sorry typo.BOE rate increase.
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dave2
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Post by dave2 on Dec 16, 2022 2:43:45 GMT
Worth considering Easymoney.
The target rates are tiered depending on investment amount, as you increase your investment you are automatically moved to a higher rate if appropriate, however you seemingly stay with any loans you acquired whilst in the lower target rate till they repay.
For a 20,000+ investment the targeted rate is now 5.52%.
Interest is paid monthly.
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Post by birdie on Dec 16, 2022 8:46:17 GMT
Yip agree with LP and UB .let's see what happens tomorrow with Bie rates. Fixed bonds may be worth a look with protection. Or you could buy my ktm 1190 😁 Funny you should mention your bike, I am starting to wonder whether my three bikes are really being used enough and should I let one go, should it be the 1957 Triton , the 1983 Honda XL250 or the 1998 Ducati 916, hopefully they've all increased in value a bit. As I'm over 70 now a decision will have to be made soon. Sorry for going off topic.
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qwakuk
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Post by qwakuk on Dec 16, 2022 8:49:28 GMT
Worth considering Easymoney. The target rates are tiered depending on investment amount, as you increase your investment you are automatically moved to a higher rate if appropriate, however you seemingly stay with any loans you acquired whilst in the lower target rate till they repay. For a 20,000+ investment the targeted rate is now 5.52%. Interest is paid monthly. Been with them for about 9 months, when you move to the next tier only the new loans are at the higher rate, you move up on reinvestment
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Post by Ace on Dec 16, 2022 9:17:58 GMT
Worth considering Easymoney. The target rates are tiered depending on investment amount, as you increase your investment you are automatically moved to a higher rate if appropriate, however you seemingly stay with any loans you acquired whilst in the lower target rate till they repay. For a 20,000+ investment the targeted rate is now 5.52%. Interest is paid monthly. Been with them for about 9 months, when you move to the next tier only the new loans are at the higher rate, you move up on reinvestment That would be a ridiculous policy. Since they allow easy access, you could just withdraw all funds and put them back at the higher rate, albeit at the risk of less diversity.
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Post by overthehill on Dec 16, 2022 9:34:06 GMT
Worth considering Easymoney. The target rates are tiered depending on investment amount, as you increase your investment you are automatically moved to a higher rate if appropriate, however you seemingly stay with any loans you acquired whilst in the lower target rate till they repay. For a 20,000+ investment the targeted rate is now 5.52%. Interest is paid monthly.
Consider this.
I haven't lost outright capital+interest with any platform which has/had a 4thway rating. My 3 worst performing platforms by far have been Property Partner (unrated), Lending Works and AssetzCapital for detrimental lender policy changes and damaging defaults/write downs.
Outright capital+interest+time losses with unrated platforms, Fundingsecure (definitely), Archover (probably) and Ablrate (almost certainty)
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