How much to invest with one platform?

Hi,

I'd say it depends on you personal tolerance level for risk and how much of your total assets these amounts are.
If it is a tiny fraction than having it all on only these platforms might be okay. However if this is a large part of your assets than it seems a risky endeavor to me and you should consider further diversification.

Borrowing to invest, is risky enough, then chucking the lot in one high risk platform is brave.
Saying that I have most of my savings in just 2 platforms, so I'm a gambler too I too am a massive fan of SS, and am satisfied that even in a platform closure, SS have adequate plans in place. I don't want to diversify into sites I don't like, just for the sake of diversity.

I won't give advice, I'm not insured to, but it's your money and after weighing up all of the risks, it's up to you what you do with your money.

Yes, that's how I feel. Diversifying just for the sake of it seems more dangerous than carefully picking a few platforms that look solid and going with them.
Which other platform do you use, if you don't mind me asking.
About borrowing to invest.....well, it is kind of crazy, but we are covering all the repayments from earnings. I think this makes it better than borrowing money and funding the repayments out of the interest you are getting. Plus we have a fixed interest rate on the borrowing for five years - plenty of time to liquidate the loans and pay back the capital if it seems the best idea.

I'm in a similar position as my P2P "stake money" is also mostly funded by a no-longer-really-needed mortgage, albeit one taken out 8 years ago (to bridge a house move, tracking at BBR+0.37%) that proved way too good to repay early. For what it's worth, I currently have about 30% of my portfolio in SS, roughly 15% each in MT / AC / FS, 10% in FC, 5% in AR and 10% in "sundry other". Whilst I've every faith in the SS business model, I'm more comfortable spreading it around several platforms than keeping all my eggs in one basket.

You know what they say. If an offer looks too good to be true .......

Leveraged borrowing (borrowing at a low rat to invest at a higher rate) is never a good idea. If you have high tolerance to loss then you can invest in high rate (risk) platforms. Otherwise stick with something like Ratesetter.

Errm, except in 2008 of course when it came back to bite them in the @$$ .. luckily they had we taxpayers to bail them out. If you play that game as an individual you are optimistic, or naive, or shortly-to-be-broke.

Back to the opening question .. I'd say 'no more than you are willing to lose', which does rather depend on your other resources, your attitude to risk, etc. Personally I can't be doing with managing more than 3 or 4 P2P platforms at any one time, but I am willing to move (and have). I have a reasonable slice of capital in P2P, but something similar in stocks and shares and ditto in safer / cash investments. Eggs/baskets .. was ever thus, and probably always will be. As I said in some other thread, nothing has been a good investment forever (what was I reading? .. GE are the only DJI company still there since the index was first listed, and even they have 'survived' more than 'thrived' many years). IBM? Microsoft? one day doubtless Amazon, Google, and Fleeing Capital too.... they come, they peak, and then there's only one direction left.