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Post by msa on May 10, 2017 20:32:24 GMT
WiseAlpha is probably the most hands off I have and is easy to exit. I see it as a lower risk, lower return part of my portfolio and helps a lot with diversifying over a different class of investment. They are currently raising Equity on Crowdcube amongst others to expand into Europe. See wiseAlpha thread.
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Post by Jake Wombwell-Povey on May 11, 2017 7:30:09 GMT
Firstly, I need to declare that I am the CEO of Goji. Secondly, that this is a simple, but blatant promotion. I will not 'sell' the product, but merely present the facts which I hope is not offensive to anyone on this thread, or counter to what we are trying to achieve. The simple message is that Goji is a 'hands-off' platform for those who have missed it. Goji has launched a multi-platform IFISA offering. Through a single, 1yr, Goji Bond (not dissimilar to other bond platforms), we aim to diversify investors across a number of P2P and non-P2P platforms. Our bonds currently diversify investors across c.600 loans against specific risk mandates, across c.7 diligenced platforms. The investors return is based upon the performance of the underlying loans. Goji takes a 0.95% percentage fee of this return for managing the platform and operating costs, and then passes the remainder back to the investor. Those who wish to seek further information can visit the thread here. |
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Post by msa on May 13, 2017 13:09:45 GMT
Most handsoff plattform in my case is Landbay.
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hendragon
Member of DD Central
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Post by hendragon on May 13, 2017 13:52:12 GMT
Unbolted is pretty much hands off, and seems to work quite well
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Post by nesako on Sept 2, 2017 9:28:55 GMT
Any hardcore "Hands-off" people wish to do an update on the list? Market is changing constantly, so would be nice to see whether we have drop-outs / new comers here?
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Post by keyboardworrier on Sept 2, 2017 9:56:53 GMT
Kuflink have a hands off option now (and they are offering 3% cashback to boost the overall rate). I was tempted but I had a quick look at the loans and they aren't all first legal charges against the property, also Kuflink only take the first 5% loss instead of 20% in their manual select account.
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ozaz
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Post by ozaz on Sept 2, 2017 14:11:32 GMT
Any hardcore "Hands-off" people wish to do an update on the list? Market is changing constantly, so would be nice to see whether we have drop-outs / new comers here? Can't really add much to my opening post or to the additional suggestions others have made, but I can comment on how things have been going for me. I've now used Zopa, Ratesetter, Funding Circle, Assetz Capital, Growth Street, LandBay, Lending Crowd, Mintos (Euro-based), Investly, and Money Platform. I've had no issues with any of them, although the amount of money I have at the last 3 is very small as I opened accounts with them largely out of curiosity. In addition to hands off acquisition of loans, I also want the ability to withdraw early and do so in a hands-off way. This strongly influences the platforms I've chosen to use. It's not always clear to me if some of the other platforms that have been mentioned offer hands-off liquidation in addition to hands-off bidding. Also some of them don't provide the ability to exit early. I've tested hands-off liquidation in Zopa, Ratesetter, Funding Circle, and Assetz Capital and did not have any issues with these. Growth Street, Investly, Money Platform specialize in short term loans (< 3 months) so relatively quick liquidation can be achieved just by turning auto-bid off. Mintos has a very granular autobid tool which I've setup to restrict investments to short-term loans. I wish there were more platforms which offer early exit coupled with hands-off liquidation inside an ISA wrapper. I'm aware of Zopa, Lending Crowd, and possibly LandBay as having this. Does anyone know of any others who offer these features in an IFISA?
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ribs
Probably not James Marshall
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Likes: 151
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Post by ribs on Sept 2, 2017 14:54:47 GMT
liquidity should not be an issue unless there is a sharp downturn in the property market ...
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