|
Post by bracknellboy on Apr 13, 2024 9:50:50 GMT
InvestEngine, bought £20K of iShares Physical Gold taken from my Proplend account and await WW3. Will probably transfer another £20k from another of my IFISA accounts into a cash ISA for quick emergency access. At the age of 72 this year I can't see the point in risking my money in high risk investments trying to make more in the present economic climate, instead of just spending it. So I intend to book a few holidays in the sun this year. In just a few days I have made more than double the profit on my £30k invested in a gold tracker than I would make in a whole year in P2P lending. have you crystallised your profits by cashing in ?
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Apr 13, 2024 10:39:23 GMT
No new IFISAs for me for some time now. Down to about 5% in total capital of my all time high in P2P and drawing done the last accounts and/or waiting for administrations to be completed. My final XIRR for the 2017 onwards foray into IFISAs is currently around 5.5% after losses, and would drop to just under 5% if all remaining capital is written off. Much of it likely will be, so let's say I got 5%. When I started, I'd hoped for about 7%, so it has done less well than that. It has certainly done less well than if I'd kept it in equity, or an equity/bond mixture. It has done better than cash. Looking back, I over allocated to P2P, attracted by the tax advantages (as a higher rate payer); perhaps now I am under allocating, but I don't think the risk reward at current interest rates is attractive. I'm getting 5% risk-free at the moment.
My highest real world returns (for IFISAs, so excluding non-ISA P2P) were for Moneything (I got out in time), Landlord Invest and Proplend, all of whom exceeded 7% XIRR after losses. ABLrate will also creep in to that list if more than about 20% of the outstanding capital is repaid in the two loans I have left there (again, I got out in time with massive discounting in the SM, a great decision in retrospect, even though I gave up 2%+ of my XIRR to do so). Honorable mentions for HNWLending and Crowd2Fund, who achieved a tad under 7% after losses. In terms of absolute monetary returns, HNWLending, Proplend, ABLrate and Landlord Invest win (in that order), as I had the largest allocations there and they lasted the longest. Moneything had a high XIRR, but I didn't have much there and it folded fairly quickly.
Anyway, all has been going into S&S ISAs for the last few years, but I am trying to diversify as much as possible away from pure equity. So increasing exposure to Managed Futures, Trend, Commodities, Gold, etc. A little bit of leverage via capital efficient funds (eg Wisdom Tree WTEF/NTSX). And a tiny dabble in crypto via etfs. Just in case.
The CGT reduction is quite a big deal longer term. I'd always assumed I could get by on harvesting £12,000 per year CGT relief, but £3,000 pa is effectively going to tax all significant gains (with no indexation for inflation). So the next few years will also be focussing on a lot of Bed'n'ISA work I think.
Good luck everyone!
EDIT: and to answer the question directly, my ISA went into Interactive Brokers, and the family ISAs went into Interactive Investor (via the Friends and Family scheme), Trading 212, and (for LISAs) Dodl (via AJ Bell). Remember you can split your ISAs across providers this year too!
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
Post by littleoldlady on Apr 13, 2024 10:59:09 GMT
IMO p2p has now settled into a faily [Edit: Freudian slip, I meant fairly but you might say faulty] linear risk/reward picture with the platforms with the lowest risk eg Loanpad only a smidgen above FSCS levels then options at higher rates with corresponding higher risks. This clarity was not there in the early "wild west" days of p2p. So the choice of platform is dependant on your attitude to risk which in turn is dependant mainly on your age, career status and the degree to which you could afford to lose. Each to their own and beware of taking advice from others whose factors may be different to yours.
|
|
|
Post by gramsky on Apr 13, 2024 11:51:49 GMT
In just a few days I have made more than double the profit on my £30k invested in a gold tracker than I would make in a whole year in P2P lending. have you crystallised your profits by cashing in ? WW3 is not in full swing yet.
|
|
|
Post by bracknellboy on Apr 13, 2024 15:14:52 GMT
have you crystallised your profits by cashing in ? WW3 is not in full swing yet. Ah, OK. So you haven't actually made any profit yet then.
|
|
|
Post by gramsky on Apr 16, 2024 7:54:26 GMT
WW3 is not in full swing yet. Ah, OK. So you haven't actually made any profit yet then. Same as acrued interest in P2P.
|
|
firedog
Member of DD Central
Posts: 367
Likes: 461
Member is Online
|
Post by firedog on Apr 16, 2024 8:04:25 GMT
Ah, OK. So you haven't actually made any profit yet then. Same as acrued interest in P2P. That may well be his point. I doubt posts about paper profits of any description would carry much weight on a P2P forum.
|
|
mogish
Member of DD Central
Posts: 1,105
Likes: 527
|
Post by mogish on Apr 16, 2024 16:57:45 GMT
Quite a spread over stocks, p2p cash gold etc. I'm really quite surprised by the multiple p2p platforms some are invested in. Stocks have taken bit of a nosedive over last few weeks , so poss good time to buy? I'm tempted to plough more into mmf in my sipp/isa but am I being too cautious? Prob end up increasing my LP isa and going against my self imposed limit.
|
|