JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Aug 29, 2015 10:35:36 GMT
This seems to be quite difficult now. How many platforms do you know which have many loans available to quickly invest money in, other than those offering very low returns?
This seems to be less of a problem if you are investing €uros.
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Post by Deleted on Aug 29, 2015 11:04:48 GMT
It depends on your meaning of "quickly" and "low returns"
It's taken me 9 months to put down £100k at 10% net of all costs.
Is that what what you mean or do you want 15% in 3 months?
Euro problems still not over so working in £ might be to your benefit
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webwiz
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Post by webwiz on Aug 29, 2015 11:50:21 GMT
p2p/p2b has just got too popular. It will take a major loss to slow down the wall of money waiting.
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Aug 29, 2015 11:55:12 GMT
Quickly meaning today or within a week. Low returns say from 4 to 7% where everything is done for you, what I think of as the boring platforms where you have no idea where your money is going.
I use both pounds and €uros, with income in pounds but expenditure in €uros, so I tend to do both not knowing which way the exchange rate will go in future.
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SteveT
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Post by SteveT on Aug 29, 2015 12:14:42 GMT
In recent weeks, FC has offered plenty of opportunities to invest quickly at a decent rate (either 8%+2%CB on various property loans, or >9% net on a wide range of larger SME loans, also early closers and even Es if you're quick). I've used FC (over a similar high return period) to get invested quickly in the past, then selling down my stakes over the next 2 - 3 months as lending opportunities presented themselves on other platforms. Generally I average another 0.7-1% premium on SME parts when I sell them on too.
Obviously that means accepting being overweight in FC as a platform for a short period, and in those loans you choose to buy into, but the risk over 2 - 3 months is modest IMHO.
Other places to get invested quickly that benefit from a relatively easy / rapid exit when you're ready to diversify, at various levels of return:
Ratesetter 30 day market (2.8 - 3% ish?)
LandBay's 3.5% tracker product
Assetz Capital's managed portfolio accounts (7%)
Anything you can pick up on the Saving Stream SM (12%)
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mikeh
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Post by mikeh on Aug 29, 2015 13:01:37 GMT
Investing a 5 figure amount with adequate diversification.
That's exactly what I'm trying to do now. I think FC is the only site which offers enough diversification and at good rates of return. With big institutional funding behind it, it's unlikely to go bust any time soon. I'm investing >£1000/day there at the moment and after 6 months my net return is showing at 12%.
I grab whatever I can at SavingStream. They use a very profitable lending model and have £3m+ in the bank. You have to judge SS on their record.
I also tried Assetz Portfolio accounts but they don't work well for me. The trouble is they leave you partly invested so your returns are not great. The manual account has far too many doubtful loans. The others have large amounts available which makes selling difficult.
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am
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Post by am on Aug 29, 2015 13:12:35 GMT
You can also pick up property development loans, commercial mortgages and bridging loans at a discount on the secondary market on FC. (Look for secured loans.) If you stick £100 in each of these (taking care to treat multi-tranche loans as a single loan) you could probably get a fair way towards your £10,000. That gives you borrower diversification, but not much asset class diversification or platform diversification. If you're willing to trust FC's estimates of loss rates you can also buy SME loans on the secondary market - in this case probably you'll have to pay the par price. (OTOH, it took me 18 (20?) months to invest £10,000 in FC, but that was mostly before the property loans were available.)
For asset class diversification there's unsecured personal loans at RateSetter (or Zopa).
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james
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Post by james on Aug 29, 2015 13:49:52 GMT
Quickly meaning today or within a week. Low returns say from 4 to 7% where everything is done for you, what I think of as the boring platforms where you have no idea where your money is going. You could invest over £100,000 today at Ablrate in two new loans and bid or buy offers on the secondary markets to get more diversification there. Add platforms according to their current availability. Sell on the secondary market and reallocate that money to other platforms to diversify over time. One of the new loans is to the firm of one of the joint owners of Ablrate and the other a basket of SME loans and both look OK for a while for getting money put to work while you wait for other opportunities. Six figures rather than five available this way. For proper diversification from week 1 at quite high rates the timescale is too short. if you want say no more than 20% at a single platform. Give it a month and it's probably not too hard to do. You should also consider that time diversification has value and you can only do that by lending over time or using secondary markets.
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Aug 29, 2015 14:43:32 GMT
Funding Circle has a big problem for me, it is one of the inward looking UK only platforms which only allows British residents.
I am surprised that Abirate can provide much diversification, without joining to be able to see the loans I had the impression that there weren't many of them.
Having sold my camper as I need to stop driving, I have some cash available and so far I have kept it in €uros, so Iam trying to decide whether to move some into British platforms, but the ones I use have too few loans arriving for a decent spread. Previously I just added surplus income which was easier.
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james
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Post by james on Aug 29, 2015 15:28:26 GMT
I am surprised that Abirate can provide much diversification, without joining to be able to see the loans I had the impression that there weren't many of them. It's been slow at times but like many platforms there are dry and not so dry times. You happened to write today and today here's what's available there as I look to write this reply: New loans: Third tranche refinancing an ATR aircraft loan, 10%: £103k still available, £196k offered since Thursday on this £300k loan. I doubt this one will last even another week. Pays instant returns from whenever you bid, paid by Ablrate. SME secured loans, 10%: £370k still available, £129k offered since Wednesday on this £500 k basket of loans. Secondary market offers to sell, prices set by sellers, yields given, not premium/discount: ATR aircraft tranche 1: 10.471% £5844.21, 10.443% £2188.14, 10.331% £1460.00, 10.193% £9226.80 ATR aircraft tranche 2: no offers at present but you could submit a bid to buy and see if anyone bites. ATR-72 to listed company: 11.749% £1999.53, 10.831% £364.48, 10.831% £1250 Cessna: no offers or bids at present New Marine Containers maturing 8 December 2015: the borrower has already sold this whole batch of containers. 7.549% £266.39 New marine Containers July 2015, maturing 28 Jan 2016: 10.001% £450, 9.446% £350, 8.391% £700, 7.352% £190 5.567% £210, 1.881% £1200 Disclosure: one or more of the offers to sell on the secondary market is from me, so I might make some money if you bought something. So in twenty minutes today you could invest five figures total in at least five loans, or six if you'd take 7.5%. Next week? Maybe only secondary offers around if the primary market ones fill. That's the way availability goes. Saving Stream and Moneything have tended to have more loan flow but they both happen to be dry at the moment, though I didn't check Saving Stream today. There are other platforms as well, of course.
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Sept 1, 2015 9:22:45 GMT
It's the diversification which I find easier in Europe, for example Twino has made hundreds of loans they already made available to lenders. Most British platforms which will allow non residents don't have much variety immediately available, because they have enough lenders already.
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