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Post by khampson on Oct 18, 2016 12:39:12 GMT
Hello, I am looking for peer to peer account where I can deposit my cash and let them do the work, what are my options? I already have money in bondmason and would like another similar account like BM so they manage my account or have a good autobid system, are there any other options?
Thanks
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pom
Member of DD Central
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Post by pom on Oct 18, 2016 12:47:25 GMT
Hello, I am looking for peer to peer account where I can deposit my cash and let them do the work, what are my options? I already have money in bondmason and would like another similar account like BM so they manage my account or have a good autobid system, are there any other options? Thanks So long as you accept that true deposit and forget will never have rates as high... My 3 "keepers" of that type are Lending Works (tends to have quite a bit of drag for initial investments tho), Octopus and LandBay (lowest rates). I've yet to find an autobid system that I'm happy to let run 
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ben
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Post by ben on Oct 18, 2016 12:52:19 GMT
I use ratesetter, lending works, landbay and unbolted for just investing and forgetting.
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Post by buttchopf23 on Oct 18, 2016 12:52:53 GMT
I would never ever invest and don't think about it. I still check all autoinvest Portfolios on a weekly Basis.
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SteveT
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Post by SteveT on Oct 18, 2016 12:53:13 GMT
I can think of at least a couple that seem to operate on the basis of "deposit and forget about getting much of it back", but I'd better not name them 😉
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Post by dodgeydave on Oct 18, 2016 12:53:40 GMT
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Post by khampson on Oct 18, 2016 14:00:58 GMT
Thats great, what returns are you getting roughtly on these platforms, On BM I am getting around 7.85% after fees, will I get anywhere near this in the suggested sites? I know I will get 3.73% in Landbay and £4.25 in Assetz capital (30 day account) I have used ratesetter rolling account but this sometimes drops to 2%
Thanks
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Post by dodgeydave on Oct 18, 2016 14:07:52 GMT
On emoneyunion loans range between 7 to 12%.
The average loan looks to be in the 9% range.
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pom
Member of DD Central
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Post by pom on Oct 18, 2016 14:09:15 GMT
Thats great, what returns are you getting roughtly on these platforms, On BM I am getting around 7.85% after fees, will I get anywhere near this in the suggested sites? I know I will get 3.73% in Landbay and £4.25 in Assetz capital (30 day account) I have used ratesetter rolling account but this sometimes drops to 2% Thanks Nope, hence my original comment. I'm currently getting 5.17 @ Octopus. Lending Works 5yr currently 5.4%. The only reason BM is so high is cos they're going to all the non-deposit & forget sites for you.
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Post by khampson on Oct 18, 2016 14:09:57 GMT
On emoneyunion loans range between 7 to 12%. The average loan looks to be in the 9% range. Just looked on trust pilot reviews, 4.9 out of 10 is a little poor, have you had any dealings with them and possibly give me a review if you have cheers
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Post by dodgeydave on Oct 18, 2016 14:23:58 GMT
I make no recommendations this is my personal opinion
I will of been with them 3 years in December and have not lost a penny yet.
I find making a deposit the same day and withdrawal within 3 days. Mostly quicker.
The loans are a few and far between.
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oldgrumpy
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Post by oldgrumpy on Oct 18, 2016 14:35:09 GMT
Thats great, what returns are you getting roughtly on these platforms, On BM I am getting around 7.85% after fees, will I get anywhere near this in the suggested sites? I know I will get 3.73% in Landbay and £4.25 in Assetz capital (30 day account) I have used ratesetter rolling account but this sometimes drops to 2% Thanks Keep an eye on this. 7.85% net is fine on BM if close to 100% of your funds are employed. Since the beginning of the month (repayments time) my deployed percentage has dropped from 99.5%, and has been between 80% and 85% for the whole of October so far. Factor this in and your 7.85% net rate soon drops below 7%, and with the policy of using new investors' cash first to bring them quickly up to the average, I see this as a hindrance now on BM, they can't get in enough good quality loans to satisfy increasing demand, and I will be very wary of adding more cash until I see what happens after Nov 1.
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pom
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Post by pom on Oct 18, 2016 14:35:21 GMT
The loans are a few and far between. That sounds to me like it would therefore need a fair bit of attention to ensure you were/remained invested?
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Investboy
Member of DD Central
Trying to recover from P2P revolution
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Post by Investboy on Oct 18, 2016 14:41:29 GMT
Nobody mentioned Funding Circle yet ... with their Autobodge Autobid the investment can be automated with some simple filtering setup.
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Steerpike
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Post by Steerpike on Oct 18, 2016 14:58:08 GMT
To a greater or lesser extent all of the following have some form of auto investment: SS, AC, LI, TC (TLC), R, Z, BC, FK, LC, W, LW, LB.
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