dermot
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Post by dermot on Jan 5, 2017 18:39:40 GMT
So I've now hit my self imposed maximum investments into RS, AS, MT, SS and CO with a bit of overlap in BM, having taken on board advice when I asked a similar question a year back having initially reached my limit in RS. I have constructed an income ladder with the latter 4 primary platforms and am quite happy with the returns so far.
BM have promised that they will soon be introducing an automatic means of generating a regular income stream, which is what I principally use RS for these days, and I expect to use that in preference to RS due to the better rates.
I use interest and capital returns from RS to smooth things out, since rates there have dropped quite a bit of late (and in particular, I'm sorry to see the 3 year account vanish).
Anuway, somewhat unexpectedly, I've got a bit more cash looking for a home now.
Which ones would the more experienced forum members recommend?
I think my ideal approach now is just to park relatively modest amounts of cash in a variety of fixed term loans and hold through until completion - some platforms look very complex if swapping around before the term is up. As they come to term, I'll draw out some interest and/or capital as appropriate and reinvest the rest.
ABL, FS or where?
I have enough cash in FCA protected accounts to tide me over for a couple of years, so short term liquidity is not the most important issue.
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Liz
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Post by Liz on Jan 5, 2017 18:45:27 GMT
Managing more than about 4 platforms is far too much work for me. Somtimes less is more; you don't want to diversify into platforms that aren't great.
I too am struggling for platforms, more and more seem to be being added to the "avoid" list, for various reasons.
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archie
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Post by archie on Jan 5, 2017 18:47:35 GMT
Archie's sure fire investment scheme with free Egyptian gift ABL. 
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hazellend
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Post by hazellend on Jan 5, 2017 19:04:43 GMT
ABLrate are very good and worth joining for extra diversification.
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SteveT
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Post by SteveT on Jan 5, 2017 19:21:15 GMT
ABL and/or FS (different beasts but both good IMO). Also AC possibly, although rates these days are lower than SS / MT / ABL / FS
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pom
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Post by pom on Jan 6, 2017 10:58:58 GMT
ABL is one of my favourites, FS wasn't for me and I'm still trying to exit after getting stuck in a very overdue loan, but others like it. In either case tho, I'd advise getting to grips with how their SMs work and tax implications before you invest too much, as they're both very different to those you've used already.
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vmail
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Post by vmail on Jan 7, 2017 23:37:46 GMT
What is ABL similar to? What rates and LTV do they use?
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Post by jonboy73 on Jan 8, 2017 1:53:31 GMT
Which ones would the more experienced forum members recommend? I think my ideal approach now is just to park relatively modest amounts of cash in a variety of fixed term loans and hold through until completion - some platforms look very complex if swapping around before the term is up. As they come to term, I'll draw out some interest and/or capital as appropriate and reinvest the rest.
Have you looked at LendInvest? the higher rates sell out quickly but lower rates are secured on loans at sometimes very low LTV's. They have yet to lose any investor money (their claim).
WiseAlpha have an interesting offer too imo, corporate bonds paying anything up to 8% over the next 2-4yrs. Coupon payments every 6 months which can be reinvested.
I have a little invested in both of the above, so far so good..
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james
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Post by james on Feb 11, 2017 14:42:10 GMT
What is ABL similar to? What rates and LTV do they use? MoneyThing. Similar rates and LTV and also some loans with two or more layers of protection like some at MoneyThing. More flexible secondary market means there's usually secondary market liquidity for buyers as well as sellers, with prices matching demand and supply, not fastest fingers.
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gt94sss2
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Post by gt94sss2 on Feb 11, 2017 16:27:54 GMT
So I've now hit my self imposed maximum investments into RS, AS, MT, SS and CO I feel I should know this, but what platform is AS?
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jonno
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nil satis nisi optimum
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Post by jonno on Feb 11, 2017 17:05:32 GMT
I would guess he means AC (Assetz Capital)  |
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kaya
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Post by kaya on Feb 12, 2017 9:16:10 GMT
As mentioned by jonboy73 above, Wisealpha offer steady looking fixed term investments, and as mentioned by msa have launched a 1 year bond returning a headline rate of 8% - but remember to deduct 1% for annual fees on all investments here. Another recent entrant is Growthstreet, who offer a monthly rolling facility at 6.5%. |
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dermot
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Post by dermot on Feb 13, 2017 15:51:31 GMT
I would guess he means AC (Assetz Capital) Correct - fumbling fingers ...
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ablender
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Post by ablender on Feb 13, 2017 17:53:27 GMT
ABL is one of my favourites, FS wasn't for me and I'm still trying to exit after getting stuck in a very overdue loan, but others like it. In either case tho, I'd advise getting to grips with how their SMs work and tax implications before you invest too much, as they're both very different to those you've used already. Have you tried Collateral? I started a month ago. Did not put much money in it yet. Jewellery, Watches, Cars, Buildings etc. Pays interest monthly.
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pom
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Post by pom on Feb 13, 2017 18:08:24 GMT
ABL is one of my favourites, FS wasn't for me and I'm still trying to exit after getting stuck in a very overdue loan, but others like it. In either case tho, I'd advise getting to grips with how their SMs work and tax implications before you invest too much, as they're both very different to those you've used already. Have you tried Collateral? I started a month ago. Did not put much money in it yet. Jewellery, Watches, Cars, Buildings etc. Pays interest monthly. Yeah been using them since not long after they launched
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