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Post by Deleted on Nov 3, 2016 8:24:27 GMT
Impressive Avatar !! I realise I should probably just read the FAQ but I like asking questions sometimes ..... why do they need to cancel it before midnight and relist ?? Does it not accrue interest while listed ?? Unfortunately having recently had a baby I rarely see post midnight so I'll have to scrape around during daylight hours for now!!
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tomtom
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Post by tomtom on Nov 3, 2016 8:40:36 GMT
I'm intrigued, why is this the case ? Interest accrues at midnight so those looking to sell list after midnight to get the interest for the day. If it doesnt sell in 24hrs they can cancel just before midnight and not lose interest, then list again straight after While this is true, the main disadvantage is that you keep loosing your position in the selling que.
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mikes1531
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Post by mikes1531 on Nov 3, 2016 22:31:11 GMT
... why do they need to cancel it before midnight and relist ?? Does it not accrue interest while listed ?? @nirish: Because interest stops accruing as soon as a part is put onto the SM.
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SteveT
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Post by SteveT on Nov 4, 2016 8:21:02 GMT
... why do they need to cancel it before midnight and relist ?? Does it not accrue interest while listed ?? @nirish : Because interest stops accruing as soon as a part is put onto the SM. But this is pretty much an SS-specific twiddle. On all other platforms I use, interest continues to accrue whilst a loan part is offered for sale on the SM.
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Post by Deleted on Nov 12, 2016 11:38:43 GMT
On a variant of the original Diversification discussion, here is my VERY limited P2P portfolio .....
Zopa 20%
Ratesetter 20%
Funding Circle 20% (selling down to move)
Saving Stream 20%
Moneything 20%
What does yours look like and where should I look next to diversify my portfolio?
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elsee
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Retired:D
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Post by elsee on Nov 12, 2016 12:09:11 GMT
@nirish
3% Wellesley, mostly bonds (my first foray and stopped when I discovered SS) Jan 15
37% Ratesetter (my second, currently withdrawing all for income/reinvestment as rates took a nosedive) Feb 15
35% SS (my third, have more here than planned) Aug 15
2% FC (looking for a home for RS funds and SS had no loans available, currently selling all, this is what is left) Aug 16
17% Assetz Capital (as FC but not selling, most is in QAA for liquidity) Aug 16
6% MT (have only recently discovered this - thanks to the forum - building my position) Oct 16
Dates are start dates and % is directly invested money only, not reinvestment of interest. Overall I haven't actually withdrawn anything. Somehow, despite retiring recently, I'm still managing to invest.
One problem loan, total exposure £20, FC.
My "safe" saving is a sum equaling my RS investment which I have in a building society account @ 3%
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am
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Post by am on Nov 12, 2016 13:03:02 GMT
which I have in a building society account @ 3% Is this a legacy account (I have a chunk at 3.75%) or have I missed something?
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elsee
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Retired:D
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Post by elsee on Nov 12, 2016 13:27:57 GMT
amIt's an account from a local building society, now closed to new lenders (and with a rate slowly reducing). It's a regular saver I started some time back when I had ISAs and no P2P so I have to top up by a tenner a month to keep that bonus rate on what's in there. Any "spare" money I have now goes into ACs QAA.
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SteveT
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Post by SteveT on Nov 12, 2016 13:36:47 GMT
On a variant of the original Diversification discussion, here is my VERY limited P2P portfolio ..... Zopa 20% Ratesetter 20% Funding Circle 20% (selling down to move) Saving Stream 20% Moneything 20% What does yours look like and where should I look next to diversify my portfolio? Obvious options would be Funding Secure and/or Ablrate. Investing in new loans is pretty straightforward on both of these platforms, but the SM for each needs to be understood before you start transacting (there's plenty of discussion about both on their respective forum boards). A year ago I'd have recommended Assetz Capital ahead of both, but AC have very few new loans these days at 10%+. That said, they're still a good option if you're happy with circa 8%.
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Post by Deleted on Nov 12, 2016 17:38:31 GMT
@nirish 3% Wellesley, mostly bonds (my first foray and stopped when I discovered SS) Jan 15 37% Ratesetter (my second, currently withdrawing all for income/reinvestment as rates took a nosedive) Feb 15 35% SS (my third, have more here than planned) Aug 15 2% FC (looking for a home for RS funds and SS had no loans available, currently selling all, this is what is left) Aug 16 17% Assetz Capital (as FC but not selling, most is in QAA for liquidity) Aug 16 6% MT (have only recently discovered this - thanks to the forum - building my position) Oct 16 Dates are start dates and % is directly invested money only, not reinvestment of interest. Overall I haven't actually withdrawn anything. Somehow, despite retiring recently, I'm still managing to invest. One problem loan, total exposure £20, FC. My "safe" saving is a sum equaling my RS investment which I have in a building society account @ 3% Really interesting, I probably find these breakdowns more interesting than I should but it's intriguing to see other peoples financial setup and decisions. Inspirational and thought provoking!
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Post by Deleted on Nov 12, 2016 17:41:37 GMT
On a variant of the original Diversification discussion, here is my VERY limited P2P portfolio ..... Zopa 20% Ratesetter 20% Funding Circle 20% (selling down to move) Saving Stream 20% Moneything 20% What does yours look like and where should I look next to diversify my portfolio? Obvious options would be Funding Secure and/or Ablrate. Investing in new loans is pretty straightforward on both of these platforms, but the SM for each needs to be understood before you start transacting (there's plenty of discussion about both on their respective forum boards). A year ago I'd have recommended Assetz Capital ahead of both, but AC have very few new loans these days at 10%+. That said, they're still a good option if you're happy with circa 8%. These are all property based platforms am I right in saying? Would be ideal for platform diversification but I read a lot of mention regarding diversification of loan types and even location variation (inside UK/outside etc). One of the reasons I liked FC initially as it was an alternate field of business loans but when they offer a lower rate and no loan security it's hard not to look elsewhere!
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SteveT
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Post by SteveT on Nov 12, 2016 18:12:46 GMT
Not entirely. Both have plenty of regular property loans but also some secured on different assets (jewellery, art, cars, boats, planes, waste recycling plants, ...)
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elliotn
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Post by elliotn on Nov 12, 2016 18:17:59 GMT
Obvious options would be Funding Secure and/or Ablrate. Investing in new loans is pretty straightforward on both of these platforms, but the SM for each needs to be understood before you start transacting (there's plenty of discussion about both on their respective forum boards). A year ago I'd have recommended Assetz Capital ahead of both, but AC have very few new loans these days at 10%+. That said, they're still a good option if you're happy with circa 8%. These are all property based platforms am I right in saying? Would be ideal for platform diversification but I read a lot of mention regarding diversification of loan types and even location variation (inside UK/outside etc). One of the reasons I liked FC initially as it was an alternate field of business loans but when they offer a lower rate and no loan security it's hard not to look elsewhere! Have a look to see if they have a view of loans pre-registering. You should be able to diversify loan type in addition to property on Steve's suggestions: FS - different assets ie boats, art, books, anything that can be valued Ablrate - ditto with specialism in aviation loans, some invoicing AC - secured business loans Edit - crossed with the good man himself 
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Post by GSV3MIaC on Nov 12, 2016 21:38:29 GMT
Add MT .. paintings, cars, HP agreements (various asset types), and, yes, property too.
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Post by Deleted on Nov 13, 2016 20:02:34 GMT
A few platforms I recognise and know little about (yet) and one in Abundance that I haven't heard of whatsoever.
In some ways I probably don't have enough in SS and MT (I'm a little hitter) currently to warrant branching out. I feel there is a balance to strike between platform and loan type diversification and the effort it already takes on each site maintaining a decent portfolio of loans for a 'relatively' small monetary gain!
I'd love to put a larger percentage of my savings into P2P as I'm gathering many on here do but currently I've only had the bravery/sense to use 15% of my total pot!
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