stevio
Member of DD Central
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Post by stevio on Mar 12, 2016 7:39:16 GMT
Out of interest, over how many platforms james ? Only four at the moment. That will need to increase to between five and seven or more as I put in more pension and ISA money. Biggest frustration in that area is perhaps the combination of poor exit terms and not great rates for the UK lending to consumer platforms. Since I want some direct to consumer lending I'll probably use a non-UK platform to get more of it. Next would be the large amount of lending secured on buildings presenting an overweight to one class of security risk, and a class I think is relatively fragile during a recession. Thanks james , what vehicle are you using (going to use) to invest via a pension and ISA (as this is something I need to look into)? I understand your concern on property loans, however this is natural as they are an expensive asset class, with only the super cars, planes and containers coming close really. And fortunately for us they still command the higher rates, as you say, not seen in consumer lending. Should there be a downturn though, would not all lending be hit?
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james
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Post by james on Mar 12, 2016 11:01:08 GMT
For the pension SIPPClub AKA EvolutionSIPP. ISA, direct with the platform where possible just to keep costs down, though I suppose it's possible that a platform might pay the cost of a middleman company.
During a downturn there could well be an effect on all lending but the property lending has a particular problem: the exit for loan repayment usually involves sale of the property. That market suffered greatly in 2008/9. Mitigation is the typically fairly short loan duration.
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ribs
Probably not James Marshall
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Post by ribs on Mar 13, 2016 17:13:40 GMT
To answer the OP, if this is any help at all:
I currently have 12.66% of my 'savings' (including pension) invested in P2P.
In the future, this will increase to 24.75% per my monthly savings/investment plan, which I'm expecting to happen in September. The overall percentages will move in that general direction, as I still have some legacy stuff in there, of course.
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