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Post by brokenbiscuits on Mar 11, 2017 12:23:15 GMT
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. The least hands on platform without a "low" rate is probably bond mason (bond Mason target 7%). They do all the legwork, selling and buying and researching loans for you. Soon to implement monthly income straight to your bank account should you wish. Worth a look.
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jomantha
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Post by jomantha on Mar 11, 2017 12:24:04 GMT
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. To jump straight into SS is probably not the best option, at the moment the times are pretty good and the secondary market is giving lots of people confidence to invest to much without understanding the risks or what they are investing in, you only need to look at the panicking that happens whenever a fair amount lands on the secondary market, which is strange as no other site has this. If I was getting started in p2p I would be looking at the lower risk ones then looking at the higher risk ones afterwards. Lending Works, Ratesetter, Landbay are probably the lower risk ones, but they also get lower returns. Thank you - I did try FC first and I hated it - too many small sums, post Referendum, too many of my smaller investments went under, got out before I lost any money. I am definitely going to move some of our money - now to decide where.
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jomantha
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Post by jomantha on Mar 11, 2017 12:24:59 GMT
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. The least hands on platform without a "low" rate is probably bond mason (bond Mason target 7%). They do all the legwork, selling and buying and researching loans for you. Soon to implement monthly income straight to your bank account should you wish. Worth a look. Thanks
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ben
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Post by ben on Mar 11, 2017 12:34:35 GMT
The least hands on platform without a "low" rate is probably bond mason (bond Mason target 7%). They do all the legwork, selling and buying and researching loans for you. Soon to implement monthly income straight to your bank account should you wish. Worth a look. Thanks What other investments do you have? as even some of the so called safer p2p sites are more risky then some other type of investments.
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jomantha
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Post by jomantha on Mar 11, 2017 12:37:26 GMT
What other investments do you have? as even some of the so called safer p2p sites are more risky then some other type of investments. Rentals - but I am not happy with the way that market is going from a tax and legislative point of view and want to pull out.
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Post by chrisuk on Mar 11, 2017 14:30:19 GMT
I'm not wealthy and so my dabble with P2P is still quite low. But after reading today that half the population of Britain have less than £3000 in savings maybe I am wealthy!!
I have £5000 with SS although my confidence in them is wavering. I have £1000 with Moneything. I have been very happy with them so far and I'm seriously considering increasing my investments. I have £1000 with Funding Secure. Again I am very happy with them but they do not give a monthly income option. I have £1000 with Land Bay. Their interest rate is "only" 3.75% but that is still much more than most building societies and banks will give me. They are fully authorised by the FSA and they do appear to be safer than most.
I pulled out of Funding Circle after a lot of defaulted loans, but that might be just my bad luck.
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elliotn
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Post by elliotn on Mar 11, 2017 16:55:39 GMT
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. The least hands on platform without a "low" rate is probably bond mason (bond Mason target 7%). They do all the legwork, selling and buying and researching loans for you. Soon to implement monthly income straight to your bank account should you wish. Worth a look. A spread across predominantly property and business lending so a very different risk profile to some of the 'lower' risk platforms mentioned above.
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fp
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Post by fp on Mar 12, 2017 8:14:56 GMT
I use all the ones ilmoro quoted, one thing to note about Landlordinvest, is that you can run your account in an IFISA making your earnings tax free, currently the best rates in any IFISA by a long way I believe. |
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bg
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Post by bg on Mar 12, 2017 9:24:09 GMT
'todays events' - nothing has happened.
The security of the loans is exactly the same as a few days ago.
I suggest people that get edgy when a big loan is brought to a platform resulting in a wave of selling in the SM (as investors diversify) should maybe not be investing in P2P. It's just the balance of supply and demand in a simple market.
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oldgrumpy
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Post by oldgrumpy on Mar 12, 2017 9:42:33 GMT
'todays events' - nothing has happened. The security of the loans is exactly the same as a few days ago. I suggest people that get edgy when a big loan is brought to a platform resulting in a wave of selling in the SM (as investors diversify) should maybe not be investing in P2P. It's just the balance of supply and demand in a simple market. I suggest that the "edginess" referred to is nothing to do with the big loan. It has been to do with a faulty system failing to deal with incoming deposits of cash properly or in a timely manner.
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bg
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Post by bg on Mar 12, 2017 9:49:27 GMT
'todays events' - nothing has happened. The security of the loans is exactly the same as a few days ago. I suggest people that get edgy when a big loan is brought to a platform resulting in a wave of selling in the SM (as investors diversify) should maybe not be investing in P2P. It's just the balance of supply and demand in a simple market. I suggest that the "edginess" referred to is nothing to do with the big loan. It has been to do with a faulty system failing to deal with incoming deposits of cash properly or in a timely manner. Yes may well be but the security of the loans is unaffected.
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jaswells
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Post by jaswells on Mar 12, 2017 9:50:35 GMT
As far as I can gather no-one had to wait much more than say 48 hours for their funds to appear. Lets be realistic, it is quite stunning that we can sometimes send funds and they can appear within 1/2 hour on some platforms. Just a few short years ago this would have been unheard of. Really is a storm in a teacup, no funds have gone AWOL. Not sure why there isn't DD as an option at SS though, does anyone know the reasons for this?
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ablender
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Post by ablender on Mar 12, 2017 9:56:15 GMT
As far as I can gather no-one had to wait much more than say 48 hours for their funds to appear. Lets be realistic, it is quite stunning that we can sometimes send funds and they can appear within 1/2 hour on some platforms. Just a few short years ago this would have been unheard of. Really is a storm in a teacup, no funds have gone AWOL. Not sure why there isn't DD as an option at SS though, does anyone know the reasons for this? I beg to differ. The 48 hours that you quote is far too long. Even half an hour is regularly beaten by other platforms so I do not accept any justification that you might want to come up with. I talked and mentioned this as soon as the new rules about INPL were announced. I was told all the arguments that can be thought of that I was wrong. The facts today show different. Instant or near instant deposits are a necessity and have to be dealt with, whether it be through card deposits or bank transfers. Costs? The platform is already doing enough profit from our money to cover the costs.
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oldgrumpy
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Post by oldgrumpy on Mar 12, 2017 10:11:48 GMT
As far as I can gather no-one had to wait much more than say 48 hours for their funds to appear. Lets be realistic, it is quite stunning that we can sometimes send funds and they can appear within 1/2 hour on some platforms. Just a few short years ago this would have been unheard of. Really is a storm in a teacup, no funds have gone AWOL. Not sure why there isn't DD as an option at SS though, does anyone know the reasons for this? Just to fill in on your cognisance here, at least one person has reported that funds had appeared in their account which were not even theirs! To my mind, that would be more than a storm in the real owner's teacup.
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jaswells
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Post by jaswells on Mar 12, 2017 10:20:41 GMT
Fair enough, if monies have been appearing in incorrect accounts or poorly dealt with I accept this is bad form and SS need to do much better. But i stand by my opinion that if bank transfers are taking a day or two, this is not a reason for getting up in arms. SS should invest in DD as there will always be some degree of inconsistency on bank transfer timings and this may be down to issues at the banks end also.
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