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Post by khampson on Dec 19, 2016 9:08:43 GMT
I would like to deposit £3000 into a peer to peer lender platform that has an auto invest/bid system, I already use BondMason but have enough invested there at the moment, I don't have time or knowledge to research each loan application so I want to invest say 1 to 2 % in each loan so at 3k I am looking at 50/100 loans for diversification.
This is why auto invests appeals to me, I understand I may not be getting the 12% some platforms offer and may be looking at 6%+ I know funding circle and Assetz Capita can offer me this option but is there any more players out there?
Thank you
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Dec 19, 2016 9:25:30 GMT
Lendinvest, Ratesetter, Zopa and Wellesely all have features similar to autobid, and I have used all of them in the past.
Zopa have stopped taking new money and are unlikely to restart until after the New Year. This is a time when many platforms have few loans so it probably isn't a good time to start investing in any of them.
Rates have fallen on the above four platforms and I am withdrawing from all of them, so I am answering your question 'is there any more players out there?' rather than suggesting these are best. Each of them has threads on this board.
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Post by Butch Cassidy on Dec 19, 2016 9:33:26 GMT
Personally wouldn't touch any autobids due to the lack of control but realise time poor investors have little other choice; however I would warn against FC as I have never heard of a good word about it & given that they now push B/C/D grade loans all as A+/A you are getting much more risk than reward. I would argue that holding the end of a smelly brown stick is worse than holding no stick at all.
AC in theory have a decent system but unfortunately it is open to behind the scenes manipulation, giving priority to their own (low interest) accounts so will not result in a fair or equitable distribution of loans, which is a shame. I argued against it at the time but investors were assured that MLIA investors were a valuable part of the future of the platform & would not be disadvantaged - well we can see how that worked out!
SS have a pre funding system that works well but are currently trialling lower rates so I would advise caution until it settles down.
Euro platforms: Bondora have an autobid but would not recommend the platform to my worst enemy; Mintos also & I think Twino but I don't invest with them.
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Post by malcolmpiper on Dec 19, 2016 13:55:30 GMT
I would like to deposit £3000 into a peer to peer lender platform that has an auto invest/bid system, I already use BondMason but have enough invested there at the moment, I don't have time or knowledge to research each loan application so I want to invest say 1 to 2 % in each loan so at 3k I am looking at 50/100 loans for diversification. This is why auto invests appeals to me, I understand I may not be getting the 12% some platforms offer and may be looking at 6%+ I know funding circle and Assetz Capita can offer me this option but is there any more players out there? Thank you Peer Funding Limited operate an (unbiased) AutoBid system across all our loan types, Invoice Finance, Business Loans, Property Bridging and Propety Development. I'll put my hands up as I have an interest in the platform and as we're just building a quality deal flow I'll admit you wouldn't be able to diversify across 50/100 loans immediately - but I highly suspect that's only possible on all but a very few platforms. We're always trying to be invstor focused and happy to have a conversation, our contact details are on the site - www.peerfunding.co.ukWe're fully FCA aurthorised and have HMRC approval to be an ISA Manager, so we also have a IFISA in the pipeline meanging even if it's not possible to get the rates you once could, at least investment returns are free of tax.
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ton27
Member of DD Central
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Post by ton27 on Dec 19, 2016 20:30:26 GMT
I would totally agree with @butch Cassidy - I still have a six figure sum in AC but I started as both an underwriter and MLIA investor. It is now increasingly difficult to maintain my investment and as an MLIA investor I get derisory amounts, always losing to AC's "packaged products".
AC may suit you as it is easy to set an investment target and leave the "shrapnelator" to get loan parts for your chosen bids - however beware it is impossible to get the amount of the loans you favour - hence diversification is easy but not choice.
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Post by khampson on Dec 19, 2016 21:30:21 GMT
I would totally agree with @butch Cassidy - I still have a six figure sum in AC but I started as both an underwriter and MLIA investor. It is now increasingly difficult to maintain my investment and as an MLIA investor I get derisory amounts, always losing to AC's "packaged products". AC may suit you as it is easy to set an investment target and leave the "shrapnelator" to get loan parts for your chosen bids - however beware it is impossible to get the amount of the loans you favour - hence diversification is easy but not choice. Do you mean by investing in the manual account or the GBBA? I do have a little experience with manual accounts on AC, I have just looked an there are some loans available in the manual accounts, why are these not being snapped up, what is wrong with the D*****d loan?
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Dec 19, 2016 22:34:29 GMT
bigfoot12 - from Dec 15th Zopa already quietly restarted taking deposits, but with a limit
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on Dec 20, 2016 13:56:20 GMT
I would totally agree with @butch Cassidy - I still have a six figure sum in AC but I started as both an underwriter and MLIA investor. It is now increasingly difficult to maintain my investment and as an MLIA investor I get derisory amounts, always losing to AC's "packaged products". AC may suit you as it is easy to set an investment target and leave the "shrapnelator" to get loan parts for your chosen bids - however beware it is impossible to get the amount of the loans you favour - hence diversification is easy but not choice. Do you mean by investing in the manual account or the GBBA? I do have a little experience with manual accounts on AC, I have just looked an there are some loans available in the manual accounts, why are these not being snapped up, what is wrong with the D*****d loan? Most of the loans available for manual investment offer very low interest with no provision fund access, so not attractive via MLIA. The hotel loan has history to be aware of and the diamond one is very large so most people will have as much as they want already.
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