Liz
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Post by Liz on Apr 9, 2017 13:22:37 GMT
I was thinking exactly the same thing. You save money then you invest your savings to increase their value. Or you put your savings into a savings account for low risk. You can't invest if you haven't first saved, unless born into money and the question again comes back to risk. I will always(pre-retirement at least) invest a large proportion of my savings because I'm greedy. I have read elsewhere in this forum that there are people who borrow to invest. This results in investing without first saving.!!! Sounds like gambling to me  Or maybe just leveraging.
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Post by justdabbling on Apr 9, 2017 14:06:38 GMT
Most people borrow to invest when they buy their first property, and that is often the most significant investment decision they ever make. Then our young people are now borrowing to invest in their education without saving first.
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littleoldlady
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Post by littleoldlady on Apr 9, 2017 14:11:10 GMT
Borrowing to buy one's own property is a special case. One has to live somewhere and mortgage repayments are an alternative to rent payments. Mortgaging a BTL is a leveraged investment.
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theshape
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Post by theshape on Apr 9, 2017 14:50:57 GMT
I have read elsewhere in this forum that there are people who borrow to invest. This results in investing without first saving.!!! Sounds like gambling to me Or maybe just leveraging. I had been saving for a while and was close to reaching a point where i had enough cash savings to be comfortable with investing. I have borrowed/stoozed some money to both grow the cash pot to the desired level and divert some of my own cash savings to p2p and S&S ISA. My cash savings are now approx 60:40 stoozed funds to my own money.
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jonah
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Post by jonah on Apr 9, 2017 16:06:09 GMT
I have read elsewhere in this forum that there are people who borrow to invest. This results in investing without first saving.!!! Isn't that what a BtL mortgage is...? Leveraging like that is often known as stoozing, and used to be REALLY popular when interest-free credit cards were given away with cornflakes. I do this. Not huge numbers, but a little here and there.
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littleoldlady
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Post by littleoldlady on Apr 9, 2017 16:25:35 GMT
After 72 votes I have reached the conclusion that this forum is not representative of all p2p users. It makes sense that those who regard p2p as an investment would take more interest in performance and risk and so would be more likely to devote time to reading here. Most share investors keep an eye on their share prices but savers are less likely to take much interest in how their savings are doing.
I fear that the true profile across all users would show a different picture.
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mason
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Post by mason on Apr 9, 2017 18:27:15 GMT
After 72 votes I have reached the conclusion that this forum is not representative of all p2p users. It makes sense that those who regard p2p as an investment would take more interest in performance and risk and so would be more likely to devote time to reading here. Most share investors keep an eye on their share prices but savers are less likely to take much interest in how their savings are doing. I fear that the true profile across all users would show a different picture. Well I voted investment, but I don't keep much of an eye on my equities portfolio. I may look once a quarter. P2P takes up a lot more of my time though. I agree that opinions gathered here are unlikely to reflect the population at large. Out in the world at large, I've only ever heard P2P talked about as if it were equivalent to a savings account by people who don't have any other investments. But the question in the thread title is "Are you by nature a saver or an investor?", which is very different than the question "Do you use p2p because you see it as alternative to other forms of savings or to other forms of investments?" I suspect if people were voting based on the latter, we'd see a very low numbers here voting P2P an alternative to other forms of savings, which again would not be reflective of the wider population.
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adrianc
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Post by adrianc on Apr 10, 2017 8:08:32 GMT
After 72 votes I have reached the conclusion that this forum is not representative of all p2p users. It makes sense that those who regard p2p as an investment would take more interest in performance and risk and so would be more likely to devote time to reading here. Most share investors keep an eye on their share prices but savers are less likely to take much interest in how their savings are doing. I fear that the true profile across all users would show a different picture. The 57% who didn't answer "investment" are quite simply factually wrong. Or were answering the question you seem to have meant, rather than the one you asked...
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jonah
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Post by jonah on Apr 10, 2017 14:20:34 GMT
After 72 votes I have reached the conclusion that this forum is not representative of all p2p users. It makes sense that those who regard p2p as an investment would take more interest in performance and risk and so would be more likely to devote time to reading here. Most share investors keep an eye on their share prices but savers are less likely to take much interest in how their savings are doing. I fear that the true profile across all users would show a different picture. The 57% who didn't answer "investment" are quite simply factually wrong. Or were answering the question you seem to have meant, rather than the one you asked... P2p is an investment. As one of the 57% I answered the question I thought was asked. I have more money in real savings (I.e. Cash or similar) than investments (shares, funds, p2p). I've been trying to increase my ratio for investments for a while but can't seem to make much headway. Hence selecting the option I selected.
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markr
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Post by markr on Apr 12, 2017 15:59:51 GMT
I'm also one of the 57%, and I take "Are you by nature a saver or an investor?" to be a question about how you see yourself, rather than a question about P2P per se. I suppose it's a proxy for "Are you risk averse or a risk taker?"
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Or maybe just leveraging.
