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Post by chrisj on Sept 1, 2016 14:55:01 GMT
Like the title says, what other investment platforms do you use? I really like SS but (poor me) I have more money to invest than SS can cater for. What else is out there that people would recommend? Or do you think I should hang it out and wait for some of the pipeline loans to come good?
thanks,
Chris.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 1, 2016 14:58:41 GMT
If you're looking for a similar platform that offers >10% returns then have a look at MoneyThing & Collateral. It's where I'm putting my excess money ATM (I'm too exposed to SS).
If you have lots of excess funds, then have a glance at Funding Secure who have some attractive looking offers for big hitters ATM.
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ali
Member of DD Central
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Post by ali on Sept 1, 2016 15:03:03 GMT
Both good platforms which I use. Neither has a particularly flush SM at the moment however. Perhaps give Ablrate a try?
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Post by GSV3MIaC on Sept 1, 2016 15:03:33 GMT
Might add ABLRATE to the list. However investing a lot of money in a big rush is difficult anywhere (unless you throw caution to the wind). Park it somewhere (RS or AC maybe) and trickle it in as loans become available.
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locutus
Member of DD Central
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Post by locutus on Sept 1, 2016 15:03:39 GMT
Good rates on FS, especially if you qualify for bonuses, but you need to pick your loans carefully.
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nick
Member of DD Central
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Post by nick on Sept 1, 2016 15:27:12 GMT
I've been reallocating more money to FS recently because of their higher rates. There is less liquidity on their SM, so I tend to hold loans to maturity which also entitles you bonuses on a lot of the loans at the moment if you invest £5-10K+ per loan. I tend to be a lot more diligent and selective on FS loans because of lower SM liquidity and my baseline assumption that I will hold to maturity.
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ablender
Member of DD Central
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Post by ablender on Sept 1, 2016 16:09:15 GMT
Yes, and after all the suggestions above, if you still have too much money, think of me.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Sept 1, 2016 16:28:28 GMT
Yes, and after all the suggestions above, if you still have too much money, think of me. Why? What rate of interest do you offer? 
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adrianc
Member of DD Central
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Post by adrianc on Sept 1, 2016 16:37:23 GMT
Yes, and after all the suggestions above, if you still have too much money, think of me. Why? What rate of interest do you offer? I dunno about ablender, but I've got a LOT of interest in being thought of by chrisj...
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hantsowl
Member of DD Central
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Post by hantsowl on Sept 1, 2016 23:22:23 GMT
If you are happy with a lower rate of interest (7-10%) then LendInvest seems one of the better options. My gut feel is that they are one of the safer platforms, but they are strictly housing so little diversification from SS. For diversification and minimal work then BondMason looks interesting. Again 7-10% but here you give them the money any they spread the investment across various categories and you specify a max of 1-2% in each.
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Post by chrisj on Sept 2, 2016 9:10:32 GMT
Thanks for all the suggestions, i will be looking into most of them this weekend  |
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Post by moonshine on Sept 2, 2016 10:22:47 GMT
So how much do you estimate SS can can realistically cater for, on an individual basis? Say you had 150k, how would you divvy it up, and where?
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ali
Member of DD Central
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Post by ali on Sept 2, 2016 10:33:29 GMT
So how much do you estimate SS can can realistically cater for, on an individual basis? Say you had 150k, how would you divvy it up, and where? That surely depends on what level of diversity you feel you need. I work on the basis of a maximum exposure per borrower of 1%. Then the question becomes, do I think that SS has 100 good loans. My answer is no. About 30 seems more likely. I'd also be concerned with putting 100% of my P2P pot in one platform, but I know others take a more relaxed view.
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ablender
Member of DD Central
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Post by ablender on Sept 2, 2016 10:36:35 GMT
Yes, and after all the suggestions above, if you still have too much money, think of me. Why? What rate of interest do you offer? Oh, I was not thinking along those lines - - - more like a donation. 
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Post by moonshine on Sept 2, 2016 10:53:30 GMT
So how much do you estimate SS can can realistically cater for, on an individual basis? Say you had 150k, how would you divvy it up, and where? That surely depends on what level of diversity you feel you need. I work on the basis of a maximum exposure per borrower of 1%. Then the question becomes, do I think that SS has 100 good loans. My answer is no. About 30 seems more likely. I'd also be concerned with putting 100% of my P2P pot in one platform, but I know others take a more relaxed view. Yes, taking out all of the 'dependables' and various attitudes to risk, etc. I'm talking on a purely economic level, how much people think SS has to realistically offer an individual. Any other suggestions? Personally speaking, I have no interest in trying to manage 100 loans across multiple platforms, and I see nothing wrong with going large on what I feel is a good quality SS loan; at least in the beginning of a loan span, and especially if there is SM liquidity, it can always be tapered down.
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