mikes1531
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Post by mikes1531 on Sept 25, 2015 12:51:00 GMT
But I am now wondering if instead of winding a few down and consolidating I should actually replace those I wind down...deciding factor likely to be time I'm willing to spend. I agree there's benefit to be had by platform diversification. I'm in only five platforms, and one of those is in 'run-down' mode, but I feel I'm at the limit of what I can keep control over. So I'm starting to put some money into some of the 'funds' like P2P Global, VSL, RDL, and GLIF. That leaves most of the DD to someone else who's doing it as a job. I realise I'm paying for the service, but if they do their job well and produce a reasonable return for me then I'm willing to pay them. As a slight benefit for me, I have some of my ISA money in a self-directed account, and I can invest in those fund shares. So I can have P2P investments inside an ISA wrapper now rather than having to wait until next year.
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bigfoot12
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Post by bigfoot12 on Sept 25, 2015 14:16:24 GMT
But I am now wondering if instead of winding a few down and consolidating I should actually replace those I wind down...deciding factor likely to be time I'm willing to spend. I agree there's benefit to be had by platform diversification. I'm in only five platforms, and one of those is in 'run-down' mode, but I feel I'm at the limit of what I can keep control over. So I'm starting to put some money into some of the 'funds' like P2P Global, VSL, RDL, and GLIF. That leaves most of the DD to someone else who's doing it as a job. I realise I'm paying for the service, but if they do their job well and produce a reasonable return for me then I'm willing to pay them. As a slight benefit for me, I have some of my ISA money in a self-directed account, and I can invest in those fund shares. So I can have P2P investments inside an ISA wrapper now rather than having to wait until next year. I'm very similar to you. I am in six, but with 3 of these in some sort of run down. Having said that one of the run downs is FC and I have just transferred some money towards them, ready for Monday. I am going to give them another go now that they have switched to fixed rates. My problem with them was that my return wasn't worth the effort. I am going to try again for the next three months. I have had an unscientific look (without investing) at another 5-10 platforms and haven't found any other that I like.
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Steerpike
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Post by Steerpike on Sept 25, 2015 14:51:26 GMT
But I am now wondering if instead of winding a few down and consolidating I should actually replace those I wind down...deciding factor likely to be time I'm willing to spend. I agree there's benefit to be had by platform diversification. I'm in only five platforms, and one of those is in 'run-down' mode, but I feel I'm at the limit of what I can keep control over. So I'm starting to put some money into some of the 'funds' like P2P Global, VSL, RDL, and GLIF. That leaves most of the DD to someone else who's doing it as a job. I realise I'm paying for the service, but if they do their job well and produce a reasonable return for me then I'm willing to pay them. As a slight benefit for me, I have some of my ISA money in a self-directed account, and I can invest in those fund shares. So I can have P2P investments inside an ISA wrapper now rather than having to wait until next year. Some platforms are much more needy than others. Investments in Zopa, Wellesley, ABG, FF, LB, LW, and the like require next to no time, whereas, REBS and FC need frequent inspection, most of the others need significant time when actively investing but generally very little otherwise, except when a loan matures.
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bjorn
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Post by bjorn on Sept 25, 2015 16:32:54 GMT
This has been a really interesting discussion. Thanks drstarter33 for starting it! One observation is that a lot of people have fairly "messy" pies with a number of thin slices due to winding down, being locked in or having dipped a toe but gone no further. So I'd like to suggest a follow-up to the original question: Knowing what you do now, if you could make your pie again, what shape would it be? And why? I'll kick us off:  I guess I'd want a few different "roles" within the portfolio that the different platforms would fulfil: Secured and good liquidity: SS and AR Secured, few (or well-managed) defaults, good rates, but locked in for 6 months: FS and MT Reasonably diversified SME (different asset class): AC and LC |
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ben
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Post by ben on Sept 25, 2015 23:05:26 GMT
Just found site looks interesting, no fancy pie chart from me though.
At moment my investments are :
Ratesetter- 60%
Funding Circle - 2% although getting rid of this as and when
Wessley and Co - 10%
Funding Secure - 5%
Lending Work - 7%
Assetez - 6%
Saving Stream - 10%
Since reading this site planning on having a good look at
emoneyunion
moneything
proplend
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registerme
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Post by registerme on Sept 25, 2015 23:13:54 GMT
This has been a really interesting discussion. Thanks drstarter33 for starting it! One observation is that a lot of people have fairly "messy" pies with a number of thin slices due to winding down, being locked in or having dipped a toe but gone no further. So I'd like to suggest a follow-up to the original question: Knowing what you do now, if you could make your pie again, what shape would it be? And why? I'll kick us off: I guess I'd want a few different "roles" within the portfolio that the different platforms would fulfil: Secured and good liquidity: SS and AR Secured, few (or well-managed) defaults, good rates, but locked in for 6 months: FS and MT Reasonably diversified SME (different asset class): AC and LC A new poll / thread might be better?
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Post by drstarter33 on Sept 26, 2015 7:51:32 GMT
Thank you everyone, and keep them coming!
I guess one of the reasons why some pies are so scattered is the lack of secondary markets in a number of small platforms. I would very much like to wind down my holdings in some nonP2PFA platforms, but I have to wait till the loans mature.
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bjorn
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Post by bjorn on Sept 26, 2015 11:31:10 GMT
Thanks - good suggestion. Have posted again starting a new thread over here.
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jimbob
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Post by jimbob on Sept 26, 2015 11:50:12 GMT
Here's my apple pie for p2p thus far - starting out so obviously going after new customer offers & diversifying. I assume any funds that are bidding or are on loans that are drawn down (The ablrate 11% waste for instance) are not earning ? 700% interest rate achieved thus far ^_~, but just under 6.5% on the whole basket (Including 0%s) right now going forward. The 700% will obviously decrease, but the 6.5% will hopefully increase from day zero... Attachments:
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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 Sept 26, 2015 12:43:05 GMT
I assume any funds that are bidding or are on loans that are drawn down (The ablrate 11% waste for instance) are not earning ? Good news, it is as Instant Returns is enabled on that loan so earning from the point you invest.
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jimbob
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Post by jimbob on Sept 26, 2015 12:48:11 GMT
Aha - that is indeed good news, brings me up to 6.67% xD
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Post by ravado on Sept 26, 2015 15:07:32 GMT
Attachment DeletedHere is my pie. Like others, mine isn't where I would chose to be today but a result of my PtP history. I dumped far too much into Ratesetter 5 year and didn't take into account the lack of liquidity. If I could rearrange everything without penalty I'd probably do around 10% RS, 10% FC with the rest being invested in platforms with loans secured against assets.
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Post by red_panda on Sept 26, 2015 23:04:12 GMT
I started just this month
30% Saving Stream
30% Mintos
30% Twino
Preferring Euro based platforms over the pound, with Saving Stream being my only option for the latter. Any recommendations on other Euro platforms with 10-15%paa / asset secured or buyback?
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shimself
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Post by shimself on Sept 27, 2015 16:43:16 GMT
I started just this month 30% Saving Stream 30% Mintos 30% Twino Preferring Euro based platforms over the pound, with Saving Stream being my only option for the latter. Any recommendations on other Euro platforms with 10-15%paa / asset secured or buyback? I'm in Euros because I live in euroland. I'm not so convinced about Twino and Mintos, how financially sound they are, their management, and their borrowers guarantees. I've got some questions running with Twino so far unanswered, with not great answers a while ago from Mintos. I wasn't that convinced by Bondora either (management), but I went ahead and now find myself with around 3K€ of bad debts. Saving stream will soon have a proper p2p arrangement on their loans (so we are better protected if SS go bust), but to date they don't. 10-15% must have risks attached.
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Post by bracknellboy on Sept 27, 2015 17:14:38 GMT
And here is mine. More of a blueberry pie than an apple one. FC is on passive wind down. Wellsley (W) was a single one off investment before I decided I could get enough property elsewhere. Numbers include any uninvested cash on the platform.  |
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