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Post by elljay on Mar 12, 2016 9:01:03 GMT
Thanks all, I'm not an investor in any of the sites mentioned, so to be clear so I don't get it wrong the proposal is to move:
Bondora, EstateGuru, Investly, Mintos, Twino and Viventor to a new area "P2x sites dealing mainly in EUR investments"?
Are there any boards that deal in both GBP and EUR that would benefit from a link from that area saying they also deal in EUR?
Thanks all
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JamesFrance
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Post by JamesFrance on Mar 12, 2016 9:50:01 GMT
Yes that is right, there are other platforms which have been mentioned on the forum but have not as yet had their own area. These sites are all available in English and accept investors from anywhere in the EU and maybe elsewhere.
I am not invested with all those sites but I believe it is necessary to make your deposits to all of them in Euros and that they mainly work with the P2P currency exchange Transferwise for UK investors without Euro bank accounts.
As Claus said there are few British platforms prepared to do the same for people investing in Euros.
I am not aware of any platform able to receive deposits in either currency although it will probably come.
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Post by elljay on Mar 12, 2016 11:46:54 GMT
Thanks. 'tis done.
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JamesFrance
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Post by JamesFrance on Mar 12, 2016 12:04:11 GMT
That's great, thanks.  |
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Post by reeknralf on Mar 12, 2016 17:13:05 GMT
I think for anyone living in UK and with no intention to move to €uroland (or at least to buy something really expensive priced in €uros) it would be utter madness to add currency risk. If investing in a second currency is 'currency risk', presumably investing in a second platform is 'platform risk'. On the same logic, UK-based investors should avoid shares in foreign companies, or indeed companies with significant overseas activity. This is of course nonsense. Unless you are confident you can consistently pick better than average investments, you should diversify across asset classes, platforms and economies. You might hand over pounds for purchases in the UK, but ultimately the prices of many goods are denominated in foreign currencies.
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shimself
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Post by shimself on Mar 13, 2016 0:22:08 GMT
I have a large position in SS, a small position in Ablrate and a very tiny position in Rebs. I would invest in more UK platforms, especially would like RS, but unfortunately many approach it in the way that as an investor you need a UK bank account and sometimes even residency. Maybe it is a question of perspective. For the German investors the currency is no clear divide. Several are heavy into those UK platforms that are open and like me they see it as just another form of diversification. If it is sensible to spread your assets across different asset classes and inside p2p lending across different marketplaces then it is also sensible to spread across different currencies. Of course not if you need the money back in the very near future to pay for your cost of living. Sry if that was a bit offtopic to the board organisation topic Sorry, I didn't intend to get personal, and I have read quite a lot of your reports. I have not been accepted on a single German platform, and I have asked all the main ones. I've just opened an account at Number26 in some desparate attempt. Let's see.
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JamesFrance
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Post by JamesFrance on Mar 15, 2016 12:06:37 GMT
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shimself
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Post by shimself on Mar 15, 2016 14:46:20 GMT
It sounds like Twino are going to accept the currency risk, blimey. I suppose they can hedge it somewhat.
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adrianc
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Post by adrianc on Mar 16, 2016 14:39:47 GMT
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Post by easteregg on Mar 17, 2016 11:46:09 GMT
We may want to move TWINO back as they will be offering transactions denominated in GBP as well as EUR. As someone who wouldn't want the additional currency risk, having transactions in GBP is a deciding factor whether I would invest through them.
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shimself
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Post by shimself on Mar 17, 2016 12:17:13 GMT
We may want to move TWINO back as they will be offering transactions denominated in GBP as well as EUR. As someone who wouldn't want the additional currency risk, having transactions in GBP is a deciding factor whether I would invest through them. Just have two entries with a link from the orphan to the main ?
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Post by easteregg on Mar 17, 2016 12:32:29 GMT
Sounds a good plan!
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SteveT
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Post by SteveT on Mar 17, 2016 13:40:00 GMT
The board title does say mainly dealing in Euro investments, which still fully embraces Twino
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