Post by longjohn on Jun 15, 2014 13:33:46 GMT
In this weeks Investors Chronicle (issue 13 June) in the article on high risk investments ( 
) they mention P2P Global Investments which is an Investment Trust set up to take part in all P2P lending. Apparently it has an agreement with FC to invest $5M in the US and $2M in the UK. The quoted potential returns match that of FC precisely. It also has agreements with Ratesetter, Zopa and Crossflow Payments.
I'm wondering if they will (like UK Gov) invest a small percentage in every loan automatically or whether they will have someone at a PC all day bidding against the rest of us individuals. With almost a couple of million quid fed into FC in the next nine months (the stated aim) I think rates will be under pressure and are bound to drop.
As it's an Investment Trust it can be held in an ISA and gains will obviously be tax free plus it's easily tradable. I thought about buying some but they are already trading at a 5% premium - link - so I'll have to have a little think more about it. On the plus side, not having to spend time on FC researching and bidding. The minus side though, not getting quite the rates that I'm currently earning. Hmmm!
) they mention P2P Global Investments which is an Investment Trust set up to take part in all P2P lending. Apparently it has an agreement with FC to invest $5M in the US and $2M in the UK. The quoted potential returns match that of FC precisely. It also has agreements with Ratesetter, Zopa and Crossflow Payments.I'm wondering if they will (like UK Gov) invest a small percentage in every loan automatically or whether they will have someone at a PC all day bidding against the rest of us individuals. With almost a couple of million quid fed into FC in the next nine months (the stated aim) I think rates will be under pressure and are bound to drop.
As it's an Investment Trust it can be held in an ISA and gains will obviously be tax free plus it's easily tradable. I thought about buying some but they are already trading at a 5% premium - link - so I'll have to have a little think more about it. On the plus side, not having to spend time on FC researching and bidding. The minus side though, not getting quite the rates that I'm currently earning. Hmmm!
