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how much
Mar 6, 2016 16:28:52 GMT
via mobile
Post by celica04 on Mar 6, 2016 16:28:52 GMT
how much is the average you would
chance on ratesetter
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Post by Ton ⓉⓞⓃ on Mar 6, 2016 19:57:53 GMT
how much is the average you would chance on ratesetter I'm thinking of investing/lending a full years ISA allocation of 15k, but I don't like the idea that possibly the full amount might go into one loan, the other poss is Zopa Access (I think it's called)
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ben
Posts: 2,020 
Likes: 589
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Post by ben on Mar 6, 2016 20:06:44 GMT
how much is the average you would chance on ratesetter depends what you mean by chance and what other savings/investments you have
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Post by GSV3MIaC on Mar 26, 2016 14:51:32 GMT
how much is the average you would chance on ratesetter I'm thinking of investing/lending a full years ISA allocation of 15k, but I don't like the idea that possibly the full amount might go into one loan, the other poss is Zopa Access (I think it's called) With RS It really doesn't matter if it goes on one loan or lots. If the loan goes bad the protection fund pays out. If the protection fund can't pay out, ALL LOANS (of whatever duration) are in the pot for sharing out, AIUI. The only issue with a single loan is that there may be an awkwardly large early repayment to re-invest .. if that is an issue, then 'drip' the money in at £1k a day over a fortnight+. After a while re-investment of repayments will have smeared it out anyway. If you like a riskier life, you can get 12% at SS/MT/AC etc and 18%+ at FC/ReBS (if you just cherry pick E loans at FC .. and eat the losses at either/both). If you can't afford to lose the £15k (or whatever) you should not be investing it in P2P in the first place (IMO. which is of course not 'advice').
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Post by Ton ⓉⓞⓃ on Mar 26, 2016 16:12:52 GMT
I'm thinking of investing/lending a full years ISA allocation of 15k, but I don't like the idea that possibly the full amount might go into one loan, the other poss is Zopa Access (I think it's called) With RS It really doesn't matter if it goes on one loan or lots. If the loan goes bad the protection fund pays out. If the protection fund can't pay out, ALL LOANS (of whatever duration) are in the pot for sharing out, AIUI. The only issue with a single loan is that there may be an awkwardly large early repayment to re-invest .. if that is an issue, then 'drip' the money in at £1k a day over a fortnight+. After a while re-investment of repayments will have smeared it out anyway. If you like a riskier life, you can get 12% at SS/MT/AC etc and 18%+ at FC/ReBS (if you just cherry pick E loans at FC .. and eat the losses at either/both). If you can't afford to lose the £15k (or whatever) you should not be investing it in P2P in the first place (IMO. which is of course not 'advice'). Thanks for that; it's a useful answer, I haven't properly read up on RS. My understanding of RS looks out of date, I should say it was based on one experienced Lender's use from a little while back, clearly I need to read more of their smallprint.
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