nush
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Post by nush on Apr 3, 2016 10:26:13 GMT
i am using the 2 AC accounts at 7% interest and find them easy to use, i do invest in other accounts but would be interested to know if other P2P companies have similar accounts that you can add your cash to and let them invest for you and what sort of interest rates they aim for. thanks for any replies
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ben
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Post by ben on Apr 3, 2016 20:30:41 GMT
i am using the 2 AC accounts at 7% interest and find them easy to use, i do invest in other accounts but would be interested to know if other P2P companies have similar accounts that you can add your cash to and let them invest for you and what sort of interest rates they aim for. thanks for any replies Several sites have similar none probably paying as much and most others have a term like 3 or 5 years although don't forget with AC you may need to hold the loans to the end if nobody wants in.
Ratesetter, Lending works, Lend Invest, Land bay and a few others have an invest and forget option but most have fees for selling or you must hold to the end
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nush
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Post by nush on Apr 3, 2016 21:04:24 GMT
thanks ben, im not looking for a quick exit, just other sites that would let me lend and forget, im wanting a monthly return at a sensible level for the risk involved, i will take a look at ratesetter first and find out what level of returns i should be expecting.
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ben
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Post by ben on Apr 3, 2016 22:26:20 GMT
I get about 6.4/6.5% on average although I am sure I could probably get a few points higher if wanted I have my reinvestment set to 6.4% and usually reinvests pretty quick have to do nothing
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nush
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Post by nush on Apr 4, 2016 10:24:45 GMT
I get about 6.4/6.5% on average although I am sure I could probably get a few points higher if wanted I have my reinvestment set to 6.4% and usually reinvests pretty quick have to do nothing thanks ben ratesetter is one of the sites i would be interested in, i have also checked on wellesey and can get 5.5% if i want a monthly return. i will be checking the other sites out that mentioned as well, i have a fair bit in cash isa's and want to spread it about a bit but still get a monthly return from it. thanks again
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james
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Post by james on Apr 4, 2016 11:05:00 GMT
Also take a look at MoneyThing and pick the loans that have the word "portfolio" in their name. Then once you've got the money lent tick the box to auto-renew. The portfolio loans are six month renewable if both borrower and lenders want so this gets you both ease of use and the option to just let it expire if you want. You'll get 12% before bad debt, though there's been non e of that so far and the portfolio loans generally have the security replaced by new security if the customer of the borrower defaults.
You do have to actually pick the loans but it's not unduly burdensome.
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nush
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Post by nush on Apr 4, 2016 16:14:28 GMT
Also take a look at MoneyThing and pick the loans that have the word "portfolio" in their name. Then once you've got the money lent tick the box to auto-renew. The portfolio loans are six month renewable if both borrower and lenders want so this gets you both ease of use and the option to just let it expire if you want. You'll get 12% before bad debt, though there's been non e of that so far and the portfolio loans generally have the security replaced by new security if the customer of the borrower defaults. You do have to actually pick the loans but it's not unduly burdensome. thanks james, i'm already using Money Thing and pretty much in the same way as you have suggested, i also use SS but much more actively.
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ben
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Post by ben on Apr 4, 2016 17:00:14 GMT
unless you have big money I think those sites should be enough to diversify, funding empire have a new account coming soon allegedly so might be worth looking at that or for a bit different property moose and property partner, they do not take much work
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nush
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Post by nush on Apr 4, 2016 18:04:25 GMT
unless you have big money I think those sites should be enough to diversify, funding empire have a new account coming soon allegedly so might be worth looking at that or for a bit different property moose and property partner, they do not take much work just been to the bank this morning, is this big enough. lol
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 4, 2016 18:17:30 GMT
unless you have big money I think those sites should be enough to diversify, funding empire have a new account coming soon allegedly so might be worth looking at that or for a bit different property moose and property partner, they do not take much work just been to the bank this morning, is this big enough. lol You know you can adjust the size of the image by changing the max image width % in the BBCode view. At least its not an attachment
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nush
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Post by nush on Apr 4, 2016 18:36:09 GMT
i didnt but the bag looks so much smaller now. lol, what is the BBCode view, ive just checked the image link option and no adjustment available
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ilmoro
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Post by ilmoro on Apr 4, 2016 18:54:13 GMT
i didnt but the bag looks so much smaller now. lol, what is the BBCode view, ive just checked the image link option and no adjustment available If you click edit (or if making initial post) there are two tabs at the bottom of the typing window, preview and BBcode, if you click the later it shows all the formating codes etc. The code for the image looks like this img style="max-width:5%;" src="http://thumbs.dreamstime.com/z/big-money-bag-21536021.jpg" with the size formating bit highlighted. The standard setting is 100% but it can be amended to a more page friendly size which scales the whole image accordingly.
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nush
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Post by nush on Apr 4, 2016 19:04:27 GMT
thanks and now i am going to get my eyes tested. lol
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Greenwood2
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Post by Greenwood2 on Apr 4, 2016 19:18:44 GMT
Also Zopa.
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nush
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Post by nush on Apr 4, 2016 19:29:42 GMT
do zopa have an easy invest and forget account and if they do what % rate do they offer
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