capucino
Member of DD Central
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Post by capucino on Mar 24, 2015 6:57:40 GMT
I thought I would share this p2p platform with my fellow investor as I can't find any mention of them on this board. www.ukbondnetwork.com/They are quite different from other platforms in that they only lend to established companies (including companies quoted on the LSE). Minimum investment is 5K. they have a current auction which expires in 3 days (almost fully subscribed). I have already participated in 2 auctions and I am quite happy with them so far. |
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Post by davee39 on Mar 24, 2015 10:07:14 GMT
This has not been mentioned because it is not P2P.
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Post by benukbn on Mar 24, 2015 16:05:18 GMT
Hi capucino and davee39,
After your comments today, we received a few enquiries from people who had read the post, so I thought I’d leave a message here with some further information.
The bonds that we offer qualify as peer-to-peer (or more accurately peer-to-business) investments, although they are generally of a larger size than business loans that you will find on a number of other P2P platforms. As capucino mentions, we lend to quoted as well as unquoted companies.
Our current auction reached the minimum requirement of £1m today. With a maximum of £1.5m available, there is still circa £500k open for subscription - all details of the book and the bond itself are available to registered investors.
For any further questions, please don’t hesitate to contact us via any of the details on our website.
All the best,
Ben
Marketing Manager at UK Bond Network
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webwiz
Posts: 1,133
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Post by webwiz on Mar 24, 2015 16:27:25 GMT
Anyone who wants to reduce risk by diversification is going to need to have at least half a million available if the minimum is £5000.
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jonbvn
Member of DD Central
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Post by jonbvn on Mar 29, 2015 18:56:07 GMT
Anyone who wants to reduce risk by diversification is going to need to have at least half a million available if the minimum is £5000. Why does it need to be just 1%?
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Post by batchoy on Mar 29, 2015 19:20:22 GMT
Anyone who wants to reduce risk by diversification is going to need to have at least half a million available if the minimum is £5000. Why does it need to be just 1%? Simple rule of thumb diversification: no more than 1% of your pot (for a particular platform) in any one loan/investment oppotunity.
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am
Posts: 1,495
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Post by am on Mar 29, 2015 20:39:21 GMT
Why does it need to be just 1%? Simple rule of thumb diversification: no more than 1% of your pot (for a particular platform) in any one loan/investment oppotunity. Isn't that effectively impossible for several platforms? Anyway, 1% of your pot (across all investment platforms) in any one loan/investment opportunity is more reasonable. That's what I had concluded that webwiz meant. You don't have to have 100 property bridging loans in each of AC, SS and ReBS. 100 across all three (or more) platforms is perfectly adequate. (My biggest loan at FC - a property development loan - is 2% of my investment there. My biggest loan at AC - a wind turbine - is 10% of my investment there. But the latter is 1.7% of my total P2X portfolio, and 0.5% of my total debt portfolio.) The amount of diversification depends on the asset class. I've got a lot more than 1% of my assets in Premium Bonds - it's currently paying more than most cash accounts, it's liquid, it's safe, and by holding enough bonds you can avoid most of the risk of the draw - but that's not a problem. Similarly I've got a lot more than 1% of my assets with particular deposit takers - the FSCS means that risk is negligible. 100 unsecured SME loans seems a reasonable target, especially if you don't hold other asset classes, but for other asset classes a smaller number may be acceptable. I hold rather more, but the general advice is to hold 20-25 equities.
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webwiz
Posts: 1,133
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Post by webwiz on Mar 29, 2015 22:32:59 GMT
What I meant was a £5k minimum is either for the big boys (several hundred thou in total in non-secure funds) or for someone who is prepared to take a bigger risk and not be fully diversified. Money in secure funds (government issue or capital guaranteed and covered by the FSCS) does not need diversification.
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jonbvn
Member of DD Central
Posts: 326
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Post by jonbvn on Mar 30, 2015 7:50:12 GMT
Simple rule of thumb diversification: no more than 1% of your pot (for a particular platform) in any one loan/investment oppotunity. Isn't that effectively impossible for several platforms? Anyway, 1% of your pot (across all investment platforms) in any one loan/investment opportunity is more reasonable. That's what I had concluded that webwiz meant. You don't have to have 100 property bridging loans in each of AC, SS and ReBS. 100 across all three (or more) platforms is perfectly adequate. (My biggest loan at FC - a property development loan - is 2% of my investment there. My biggest loan at AC - a wind turbine - is 10% of my investment there. But the latter is 1.7% of my total P2X portfolio, and 0.5% of my total debt portfolio.) The amount of diversification depends on the asset class. I've got a lot more than 1% of my assets in Premium Bonds - it's currently paying more than most cash accounts, it's liquid, it's safe, and by holding enough bonds you can avoid most of the risk of the draw - but that's not a problem. Similarly I've got a lot more than 1% of my assets with particular deposit takers - the FSCS means that risk is negligible. 100 unsecured SME loans seems a reasonable target, especially if you don't hold other asset classes, but for other asset classes a smaller number may be acceptable. I hold rather more, but the general advice is to hold 20-25 equities. I hold one loan at RS which represents just less than 10% of my holding on the platform. However, given the way the provision fund works at RS, this does not concern me unduly.
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jlend
Member of DD Central
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Post by jlend on Mar 31, 2015 7:18:25 GMT
I thought I would share this p2p platform with my fellow investor as I can't find any mention of them on this board. www.ukbondnetwork.com/They are quite different from other platforms in that they only lend to established companies (including companies quoted on the LSE). Minimum investment is 5K. they have a current auction which expires in 3 days (almost fully subscribed). I have already participated in 2 auctions and I am quite happy with them so far. Just FYI - for anyone interested in corporate bonds which these feel a bit like, there is also the London stock exchange ORB (Order book for Retail Bonds).
www.londonstockexchange.com/prices-and-markets/retail-bonds/newrecent/newrecent.htm
I have about 10 of these issues in a SIPP and ISA - all bought when initially offered.
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