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Post by tsk1970 on Jan 21, 2016 10:22:22 GMT
Hi - I know this has been covered in previous threads but it is a bit of a time sensitive query.
Saving Stream is my first P2P investment - the ease of use of the platform was attractive, however I am now at the point where I think I need to avoid over committing to one platform - so which other ones should I consider. Ideally the platform should be easy to use and although the SM in Saving Stream is probably a little extreme a good fluid secondary market would be useful.
Any thoughts on which platforms to spend some time looking at would be appreciated.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 21, 2016 10:31:34 GMT
Hi - I know this has been covered in previous threads but it is a bit of a time sensitive query.
Saving Stream is my first P2P investment - the ease of use of the platform was attractive, however I am now at the point where I think I need to avoid over committing to one platform - so which other ones should I consider. Ideally the platform should be easy to use and although the SM in Saving Stream is probably a little extreme a good fluid secondary market would be useful.
Any thoughts on which platforms to spend some time looking at would be appreciated. Moneything is very similar. Most of the loans are offered at 12%, and they have recently started their own secondary market which is (almost!) as fluid as SS.
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SteveT
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Post by SteveT on Jan 21, 2016 10:35:28 GMT
Funding Secure takes a bit of getting used to but also offers asset-backed loans at 11-13% with a very fluid SM (certainly if you're willing to sell at par)
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paulg
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Post by paulg on Jan 21, 2016 16:53:43 GMT
Hi - I know this has been covered in previous threads but it is a bit of a time sensitive query.
Saving Stream is my first P2P investment - the ease of use of the platform was attractive, however I am now at the point where I think I need to avoid over committing to one platform - so which other ones should I consider. Ideally the platform should be easy to use and although the SM in Saving Stream is probably a little extreme a good fluid secondary market would be useful.
Any thoughts on which platforms to spend some time looking at would be appreciated. Moneything is very similar. Most of the loans are offered at 12%, and they have recently started their own secondary market which is (almost!) as fluid as SS. also has two new loans launching at 4.00pm tomorrow and hopefully another next week, and the sign-up and deposit systems are normally very fast.
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micky
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Post by micky on Jan 21, 2016 17:06:33 GMT
Look at Lending Crowd they have a range of loans available on the Loan Market from 15-60 months at 9-12.5%. Also 2 new loans to bid on.
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SteveT
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Post by SteveT on Jan 21, 2016 18:19:11 GMT
Look at Lending Crowd they have a range of loans available on the Loan Market from 15-60 months at 9-12.5%. Also 2 new loans to bid on. I wouldn't describe the Lending Crowd SM as liquid though! More like stodgy porridge.
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ablender
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Post by ablender on Jan 21, 2016 18:42:56 GMT
Look at Lending Crowd they have a range of loans available on the Loan Market from 15-60 months at 9-12.5%. Also 2 new loans to bid on. Have you tried to sell on LC's SM?
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micky
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Post by micky on Jan 21, 2016 19:04:09 GMT
Yes; I know what you mean. However I have recently sold a few shorter term loan parts fairly quickly.
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ablender
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Post by ablender on Jan 21, 2016 22:26:44 GMT
I have some loan parts that I want to sell. They have been there for weeks. Only one of them sold.
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Post by stevie on Jan 22, 2016 8:08:12 GMT
Funding Secure takes a bit of getting used to but also offers asset-backed loans at 11-13% with a very fluid SM (certainly if you're willing to sell at par) Am I reading Funding Secure's site correctly? They seem to be lending out at between 30-70% APR. But the most investors can get is "Become an investor and earn up to 13% return p.a."
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SteveT
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Post by SteveT on Jan 22, 2016 8:33:42 GMT
Funding Secure takes a bit of getting used to but also offers asset-backed loans at 11-13% with a very fluid SM (certainly if you're willing to sell at par) Am I reading Funding Secure's site correctly? They seem to be lending out at between 30-70% APR. But the most investors can get is "Become an investor and earn up to 13% return p.a." Generally the smaller pawn loans are the ones that carry the high borrower APRs, and have a lot of associated costs (in % terms versus the loan value) of valuation, storage, auction in case of default, etc. Not dissimilar to the CS pawn loans on MT, where lenders earn 12% from MT to provide what is essentially a revolving credit facility to the company but some of the underlying borrower APRs with CS on individual pawned items are eye-watering.
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nush
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Post by nush on Jan 22, 2016 11:30:03 GMT
AC is good for fast investment and easy access but at only 3.75%, ive started putting some of my uninvested funds in to it. its fast to withdraw and move into other accounts when needed, it also offers a couple of managed funds at 7% as well as other loans that are similar to SS.
i started with SS them added MF and then AC, ive checked some others out but not tried them as yet, soon maybe if things keep going as well as they have been.
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webwiz
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Post by webwiz on Jan 22, 2016 11:58:42 GMT
AC is good for fast investment and easy access but at only 3.75%, ive started putting some of my uninvested funds in to it. its fast to withdraw and move into other accounts when needed, it also offers a couple of managed funds at 7% as well as other loans that are similar to SS. i started with SS them added MF and then AC, ive checked some others out but not tried them as yet, soon maybe if things keep going as well as they have been. Do you realise that the AC QAA fund carries, in principle, the same risks of loan defaults as SS? AC don't publish any details of the loans supporting the QAA but I have no reason to believe that they are any more safe than SS. Both have a PF. You are paying a high price - 8.25% - for the advantage of having liquidity on about 30% of your loan (this is the proportion which is lent out, the rest you could have kept in cash yourself.). The other problem with the QAA is that it is capped and often full so your funds are earning nothing whilst they are waiting. Having said that, I do use the QAA myself, for funds waiting for the next SS or MT loan, simply because 3.75% is the highest rate I can get. Whether it is worth the extra risk versus a FSCS protected account paying say 2% is doubtful.
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SteveT
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Post by SteveT on Jan 22, 2016 12:12:15 GMT
Do you realise that the AC QAA fund carries, in principle, the same risks of loan defaults as SS? AC don't publish any details of the loans supporting the QAA but I have no reason to believe that they are any more safe than SS. Nonsense. That's like saying crossing a quiet country lane involves the same risk of being knocked down as crossing the M25 (ie. both may see you run over). Risk is relative, not absolute.
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mikes1531
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Post by mikes1531 on Jan 22, 2016 12:25:57 GMT
AC is good for fast investment and easy access but at only 3.75%, ive started putting some of my uninvested funds in to it. its fast to withdraw and move into other accounts when needed, You are paying a high price - 8.25% - for the advantage of having liquidity... 's comment would be true if you could move money in and out of SS as easily as you can with AC's QAA. SS may be near-instantaneous for withdrawals, but getting money into SS is problematical. So it's impractical to try to use SS as a parking place for 'uninvested' funds.
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