j
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Penguins are very misunderstood!
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Post by j on Apr 6, 2015 21:17:19 GMT
Feel free to add reasons, pros & cons, etc via comments
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Apr 6, 2015 21:19:25 GMT
Mine was AC by a mile initially, now equal with SS but, reducing sharply in both for a multiple of different reasons on both sides. Hope both get their act together & resolve their relevant issues so we can all invest/speculate more confidently with both.
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Post by oldnick on Apr 6, 2015 21:47:01 GMT
Reasons for starting with AC: A home for ZOPA money when they changed their lending proposition. I considered TC but their minimum investment was too large for me.
Reasons for staying with AC: On paper a good lender proposition with secured loans at acceptable interest rates and an aftermarket to trade them on. Good level of communication with the management team.
Reasons for possibly moving on: If the lender proposition changes markedly. If the interest rates become uncompetitive. If the security taken proves ineffective when called upon. If the rate of loan generation doesn't pick up.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 6, 2015 21:47:52 GMT
Mine's Wellesley but decreasing as loans come to term as rates dont encourage reinvestment, after that AC, SS about equal but MT coming up on the rails fast and will probably pass all of them this month. All down to deal flow So Wellesley, SavingStream, Assetz, Moneything, FundingSecure, Ablrate, Ratesetter, FundingKnight, Zopa, FundingCircle, Fruitful j Ablrate seems to have gained an extra 'e', they would get more money if they produced more deals  |
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Post by ablrateandy on Apr 6, 2015 22:08:46 GMT
I think that we have some name recognition to work on, judging by the options  . |
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am
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Post by am on Apr 6, 2015 22:33:42 GMT
FC at the moment, but that may not be the case in a years time. FC is where I started; it has reasonable liquidity, a substantial deal flow allowing diversification, and a track record on bad debt rates.
If RS didn't force you to make a choice between liquidity and rate RS might have topped FC already; as it is I'm just dabbling at the moment.
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star dust
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Post by star dust on Apr 6, 2015 22:55:19 GMT
I started with Zopa and RS, but last year I had more funds to invest and wanted greater diversification and to try out new platforms. I thought AC would take the biscuit, but they fell a long way short, even behind Wellesley. Saving Stream tops the list for me, however, I wouldn't be at all surprised if it's a different story in a year's time, or even six months for that matter. It would be interesting if you ran the poll again in six months or a year's time j, and I hope quite a few vote as I'll be interested in the results. Just wondering if RS should have had a separate line though, I wonder if clumping them in with 'others' might muddy the waters? |
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Post by cautious on Apr 7, 2015 6:49:44 GMT
Ratesetter, followed by Zopa and Wellesley.
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Post by tybalt on Apr 7, 2015 6:55:48 GMT
ThinCats but think you need £ 50,000 or preferably £100,000 to be sufficiently diversified.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Apr 7, 2015 7:20:57 GMT
Admittedly, I ran this poll when I was comatose & almost asleep, hence forgetting the likes of RS, Z & TC & got ablrate's spelling wrong (what dastardly fiend I am)  It's a shame we're not allowed to edit the poll options once actioned. I will certainly repeat the poll (with more options  in 6 months' time as requested. I think we might have a different landscape, not just on specific p2p platforms but, the whole p2p industry altogether after the elction settles down & a new government is in. |
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Apr 7, 2015 7:29:31 GMT
I started investing in P2P nearly a year ago. AC got the lions share, but some of that money has been switched to SS & FS. I had originally intended to invest heavily in TC, but I struggle with that platform, and the SM is not free to use, so not liquid. I am a small time user of the TC Lending Club.
AC will get more when they bring back the long awaited discounting of loan parts. This is effectively underwriters offering cashback, thereby freeing up more underwriting. I don't think they realise how much difference it makes. Last summer I bought around £25,000 worth of discounted loan parts on the SM.
SS & FS are great because they are so simple to use and offer good returns.
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SteveT
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Post by SteveT on Apr 7, 2015 7:50:21 GMT
Started on FC, so this still has the lion's share at a good (historic) rate, but it's dropping fast as I shovel repayments out in search of better current rates at SS, AC, MT, FS, ReBS and Ablrate (AR?). I also use LandBay's 3.5% tracker product and the RS monthly market for short to medium term lower risk deposits.
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adrianc
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Post by adrianc on Apr 7, 2015 7:51:40 GMT
RS -> THC -> FC
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Post by uncletone on Apr 7, 2015 8:13:21 GMT
Ratesetter > Wellesley > Zopa > The House Crowd > MoneyThing
[Continuing the one-man war against acronyms]
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SteveT
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Post by SteveT on Apr 7, 2015 8:27:47 GMT
Ratesetter > Wellesley > Zopa > The House Crowd > MoneyThing [Continuing the one-man war against acronyms] The OMWAA for short!
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.
It's a shame we're not allowed to edit the poll options once actioned. I will certainly repeat the poll (with more options 
in 6 months' time as requested. I think we might have a different landscape, not just on specific p2p platforms but, the whole p2p industry altogether after the elction settles down & a new government is in.
