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Post by Deleted on Oct 29, 2016 20:39:09 GMT
Amazing responses and a wealth of information, I wish I had the bankroll and inclination to deposit more and perhaps in the future I will but at least £1000 shouldn't be too difficult to invest in the pipeline loans. The secondary market sounds like a minefield, need time to research the loans but equally have to be trigger happy to actually get them!
I have money in 4 p2p sites so far covering various risk levels and varying markets, perhaps predictably Zopa, Ratesetter, Funding Circle and now Saving Stream. I would have always thought to put future investments in other sites to ensure maximum platform diversification but the workload on sites such as FC and SS may tempt further deposits to warrant the effort!
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invest
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Post by invest on Oct 30, 2016 6:52:49 GMT
Hi nirish, You are on the right track, do not invest all your eggs in the SS basket. The issue with SS is that they have an "infinite" supply of investors and a very limited supply of borrowers. Primarily their interest is the borrowers, this is simple supply and demand. Interest rates will go down in SS more than they have already done. This is why it is important to get comfortable with other platforms and vote with your money if SS is lowering rates move to other platforms. In addition have a look at p2p property equity and euro based p2p investments. This adds another layer of diversification, with the sterling down this makes even more sense IMHO Here are two primers you might want to consult: p2p property equity : investitin.com/property-partner-review/ (contains affiliate links) euro based p2p loans : investitin.com/estateguru-review/ (contains affiliate links) have fun! |
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dan83
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Post by dan83 on Oct 30, 2016 22:55:49 GMT
Every now and then loads of good loans appear with large sums of money available, I bought up quite abit when everyone was panicking over brexit.
If you have £1000 to invest, my advice would be to chuck it all into 1 loan that you like the look of, when the next loan comes along that you like the look of, move some money into that. Keep going until you reach your desired level of diversity.
I'm no expert at this and my total investment isn't that much more then what you are planning to invest. All my money has been shifted into 5 long term-ish 12% loans. At the moment I am not very diversified, but I'm happy with that to keep my money at 12% for as long as possible.
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Post by Deleted on Oct 31, 2016 13:31:42 GMT
My money is now live and I'm aiming for 10 £100 loans but not sure how long that will take. Pleased today to pick up two on the secondary market with 170 and 130days remaining with no overly negative comments on the forum. If I can repeat that again soon and pick up a couple of pipeline loans I'll be almost fully invested with my grand sum of 1k  Did get tempted by PBL033 with 49days left just to get my money working but advice of buying nothing with under 60days remaining is still ringing in my ears! |
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SteveT
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Post by SteveT on Oct 31, 2016 13:44:07 GMT
For what it's worth, PBL033 is one I'm happy to hold to term and beyond.
(I used to drive past the site daily and it's an ideal commuter location, walking distance from HH station (main line into Euston), 5 mins from both the M25 and M1 and on the edge of the Chilterns for weekends).
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Post by Deleted on Oct 31, 2016 13:57:26 GMT
As I was caught in two minds that decides it, I'm in, for now at least !!
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SteveT
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Post by SteveT on Oct 31, 2016 14:06:27 GMT
As I was caught in two minds that decides it, I'm in, for now at least !! Don't be led astray by me! That said, I pre-invested my Oct interest in some more just this morning. The wonder is how DBC ever granted it planning consent, but they'll be under huge pressure to meet a target for new homes in the borough. IIRC, there's now even an Aldi within 100m, as well as the McD's just over the road.
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elliotn
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Post by elliotn on Oct 31, 2016 14:14:46 GMT
My money is now live and I'm aiming for 10 £100 loans but not sure how long that will take. Pleased today to pick up two on the secondary market with 170 and 130days remaining with no overly negative comments on the forum. If I can repeat that again soon and pick up a couple of pipeline loans I'll be almost fully invested with my grand sum of 1k Did get tempted by PBL033 with 49days left just to get my money working but advice of buying nothing with under 60days remaining is still ringing in my ears! I started just over a month ago with the same cap as you (although this has been since been breached by about 50 fold, that darn infuriatingly addictive SM!). If a decent, long dated loan comes up you like the look of you could always buy a few hundred and then sell down when you get something else. Avoid something with a glut and re-selling should typically be ok if there's no sell-off ie big, new loan, leaving EU etc. You'll get your 1st interst tomorrow which should also help selling as people roll it over into SM. Read the updates too. PBL86 is a pretty straight forward residential property of a size within capability of the provision fund and one of the Hackney's has just sold with enough to pay off their loans. These should be comparatively lower risk parking spaces while you build up your 'due diligence' knowledge waiting for newer loan parts. Have a look at CDs pinned thread which will link to each loan's DD thread (read for Watford, Hastings and Hull before you get too excited at their availability). Enjoy the ride. 
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jamesc
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Post by jamesc on Oct 31, 2016 15:57:12 GMT
For what it's worth, PBL033 is one I'm happy to hold to term and beyond. (I used to drive past the site daily and it's an ideal commuter location, walking distance from HH station (main line into Euston), 5 mins from both the M25 and M1 and on the edge of the Chilterns for weekends). Was that the Loan that AC would not refinance ?
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SteveT
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Post by SteveT on Oct 31, 2016 16:05:44 GMT
For what it's worth, PBL033 is one I'm happy to hold to term and beyond. (I used to drive past the site daily and it's an ideal commuter location, walking distance from HH station (main line into Euston), 5 mins from both the M25 and M1 and on the edge of the Chilterns for weekends). Was that the Loan that AC would not refinance ? Quite possibly, but I suspect that might be about the rate the borrower was looking for, versus the size of the loan. Recent SS updates indicate the planned refinance is via a commercial mortgage with a high street bank (which hopefully should take a good while to finalise).
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p2p2p
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Post by p2p2p on Oct 31, 2016 18:32:42 GMT
I joined a week ago, and have managed to spread £8k over 40 loans by monitoring the SM like a hawk and grabbing stuff quickly (ruddy captchas). I hope to get to £20k over the next 6 months by trickling £500 per week (as FC pays up) and putting £200 into every pipeline loan. I've probably got some lemons grabbing stuff so fast, but I don't feel I know enough about property development to spot them, so I think I'll skip the time spent doing due diligence, and rely on diversity to keep my bad debts down to a manageable level.
Its been quite time consuming so far, but I'm hoping that the pipeline system will allow it to be automatic. I don't really want to follow forum discussions on particular loans.
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Liz
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Post by Liz on Oct 31, 2016 19:58:27 GMT
I joined a week ago, and have managed to spread £8k over 40 loans by monitoring the SM like a hawk and grabbing stuff quickly (ruddy captchas). I hope to get to £20k over the next 6 months by trickling £500 per week (as FC pays up) and putting £200 into every pipeline loan. I've probably got some lemons grabbing stuff so fast, but I don't feel I know enough about property development to spot them, so I think I'll skip the time spent doing due diligence, and rely on diversity to keep my bad debts down to a manageable level. Its been quite time consuming so far, but I'm hoping that the pipeline system will allow it to be automatic. I don't really want to follow forum discussions on particular loans. Midnight is the best time to get quality loans. The one I can't get more of is PBL122, it's like hens' teeth.
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jonah
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Post by jonah on Oct 31, 2016 19:59:09 GMT
I joined a week ago, and have managed to spread £8k over 40 loans by monitoring the SM like a hawk and grabbing stuff quickly (ruddy captchas). I hope to get to £20k over the next 6 months by trickling £500 per week (as FC pays up) and putting £200 into every pipeline loan. I've probably got some lemons grabbing stuff so fast, but I don't feel I know enough about property development to spot them, so I think I'll skip the time spent doing due diligence, and rely on diversity to keep my bad debts down to a manageable level. Its been quite time consuming so far, but I'm hoping that the pipeline system will allow it to be automatic. I don't really want to follow forum discussions on particular loans. The pipeline will let you get cash in and seems more consistent than historical positions . There are a few (number varies by taste) generally seen to avoid. A quick rule of thumb might be that either great or terrible loans get large threads, ok or average loans have less to discuss so have shorter threads. YMMV though.
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jonah
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Post by jonah on Oct 31, 2016 20:00:50 GMT
I joined a week ago, and have managed to spread £8k over 40 loans by monitoring the SM like a hawk and grabbing stuff quickly (ruddy captchas). I hope to get to £20k over the next 6 months by trickling £500 per week (as FC pays up) and putting £200 into every pipeline loan. I've probably got some lemons grabbing stuff so fast, but I don't feel I know enough about property development to spot them, so I think I'll skip the time spent doing due diligence, and rely on diversity to keep my bad debts down to a manageable level. Its been quite time consuming so far, but I'm hoping that the pipeline system will allow it to be automatic. I don't really want to follow forum discussions on particular loans. Midnight is the best time to get quality loans. The one I can't get more of is PBL122, it's like hens' teeth. Interestingly that is getting close to the top of my 'exit' list... can't read the note I left myself as to why though 
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mikes1531
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Post by mikes1531 on Oct 31, 2016 20:12:41 GMT
... one of the Hackney's has just sold with enough to pay off their loans. : The last update I see for this loan says "In the process of selling..." which, to my mind is a lot different from "has sold". Is there further information I'm not aware of?
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