I am edgy after todays events - what else is there?

Your investment strategy sounds like a good one to me and not dissimilar to mine. I am also exclusively in 11 or 12% loans and I also have a sell-out point of about two months to run. That reduces the risks somewhat. However we can never eradicate the bigger risk of platform failure or meltdown or panic or fraud and like you I reached a conclusion a few months ago that I had too much money in SS

That is why I am managing a phased reduction in my exposure to this platform and exploring other opportunities and I would urge you to do the same.

If your situation is such that were you to lose a substantial proportion of the money you have invested in ss it would cause you problems and hardship then I would strongly recommend you to look at reducing your investments and looking at other platforms and also ensuring you have a decent proportion of your wealth in protected safe places like bank accounts.

Re that second paragraph...just because you are reducing should you really be advising him to do likewise? He'd asked about alternative opportunities....or are you a qualified financial advisor?

Thank you - that is brilliant. 

SS has been a victim of own success and its growing pains have been forensically analysed - see the platform post stats!
Many have migrated to MT - 'limited loan availability' is a hilarious understatement! Other platforms mentioned (look at the platform stats) have not been tested either by becoming uber-popular, or uber-analysed, so for me SS remains a big part of my balanced portfolio.

All the current criticism is about people want to get money *in* to the platform - lots of forumites (rightly) squealing - which suggests that while many are fed up and leaving, many see rich pickings (which have been flushed out by SS's current failings). Once SS sort out instant funding, i reckon the secondary market will settle down again.

I've said it elsewhere but when Assetz had its early wobbly i moved into other glitzy platforms that subsequently wobbled.

Jack P

Personally the thought of putting all my p2p money in one platform just fills me with horror (I'm currently looking to reduce my platforms from ~20, but I accept that level of diversity will not be for everyone!), but also as brokenbiscuits says it's less of an issue if it's only part of a much more diverse portfolio. But if p2p represents your only investments outside regular bank accounts then please please diversify asap! As to how many platforms that will probably depend on how big your pot is - there comes a point where if the amounts are too small it's not worth bothering with the extra effort of more and more platforms, so my view of it is decide how much you're comfy with having tied up in a single platform if for whatever reason you suddenly couldn't withdraw any of it instantly....and had to wait some unknown time to get it all back. That figure will then help you work out how many platforms you need to be aiming for, and then you'll likely need to add a few more to allow for changing your mind about some or not being able to get fully invested, or just the flexibility to move between different platforms depending on where the most interesting loans are.
That's what I'm doing anyway, and whilst my platform limits have increased a fair bit over the last 2yrs, it's still a principle I'm going to stick with, however much I might be tempted to start investing a lot more in some of them.

If you're not already keeping an eye on the general board it's worth doing so, diversity and strategies are regular posting subjects, and not everyone uses SS !!

debaura

missing crediting of deposits - was delayed due to bank error - see p2pindependentforum.com/thread/8181/demand-bank-run

Thank you everyone for your contributions, too much is a 5 figure sum, in 2 accounts, mine and the other halves but all in SS.

To lose it would mean to lose his early retirement, to leave it sat there doing nothing means the same - I only really stumbled into P2P, and to this forum even more recently and it is a mine of information.