macq
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Post by macq on May 18, 2017 13:25:13 GMT
Hard to see any P2P as safe much like others have already said but with regards withdrawals in the latest newsletter this week from Octopus Choice they say in their first year its been a max of 1 week on withdrawals.But only time will tell on what its like in 3 years or if there's a big rush to get out
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mary
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Post by mary on May 18, 2017 14:03:59 GMT
BondMason may be suitable. Not particularly low risk but spread across several platforms. This would be madness.
The non-transparent structure of Bondmason - where there is a loan (or other thing like discounted invoice) that is on some third party platform (which is not disclosed) that is purchased by a related Bondmason company (that could go bankrupt or divert funds in some unknown manner) that then sells a receivable to the Bondmason platform that you invest in blindly!
All P2P is risky, but this particular set up is fraught with so much non-disclosure I would rather play the lottery - or as someone else said put it in Premium Bonds where at least I can get my capital back (albeit eroded by inflation).
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Post by jackpease on May 18, 2017 14:13:49 GMT
It goes without saying that anyone who suggests FC, should be smacked very hard until they come to their senses. I think that's harsh! Provided you don't use autobodge it has its uses if one is maxed out on property. FC is perhaps one of the most 'post-default' platforms there is. it is sufficiently mature that its (many) defaults have depressed returns and annoyed investors but what you see is what you get and the platform is not about to get upset by .... defaults, unlike SS, MT and numerous other platforms that have yet to reach an equilibrium. Jack Smack P
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jonno
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nil satis nisi optimum
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Post by jonno on May 18, 2017 14:56:09 GMT
I think that's harsh! Provided you don't use autobodge it has its uses if one is maxed out on property. FC is perhaps one of the most 'post-default' platforms there is. it is sufficiently mature that its (many) defaults have depressed returns and annoyed investors but what you see is what you get and the platform is not about to get upset by .... defaults, unlike SS, MT and numerous other platforms that have yet to reach an equilibrium. Jack Smack P Sorry Jack, but advising anyone to put 100K of house money into FC?  You might as well advise David Moyes to deliver the Smack 
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Post by jackpease on May 18, 2017 15:10:16 GMT
I didn't say invest all of the £100k into FC i just countered a view that none of it should go in FC. FC has its uses as part of a balanced diet imho. I assume i don't need to repeat the above warnings that putting all the money in just one platform would be reckless. J
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jonno
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nil satis nisi optimum
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Post by jonno on May 18, 2017 15:18:19 GMT
I didn't say invest all of the £100k into FC i just countered a view that none of it should go in FC. FC has its uses as part of a balanced diet imho. I assume i don't need to repeat the above warnings that putting all the money in just one platform would be reckless. J Fair comment Jack; I knew that really, but wanted to get the Moyes reference in 
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jonah
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Post by jonah on May 18, 2017 19:16:39 GMT
there are index linked funds which could be valuable when inflation reaches 4%. I agree with most of davee39 post, but the snippet above is worth being careful with. My understanding from some recent research is most funds are likely to suffer due to the drop in value compared to more recently issued bonds. The average duration of the bonds is a key factor. More than happy for some one more knowledgeable to correct me on this though. That said, im not a financial expert, the above isn't advice, do you own research etc.
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Post by GSV3MIaC on May 18, 2017 19:33:27 GMT
Bond funds could get hammered if inflation (and thus, one hopes, interest rates) goes up, but index linked 'ought' be a bit safer.
I know of no P2P company I'd want to put my whole 100k pot into, and certainly not one which is 'hands off, and guaranteed to beat inflation'. If I were them I'd put some into various asset classes, and pray.
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Post by nesako on May 18, 2017 20:17:33 GMT
Not knowing where to put 100K... if only I had these sort of "issues" hehe
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Post by GSV3MIaC on May 19, 2017 9:07:07 GMT
Not knowing where to put 100K... if only I had these sort of "issues" hehe If you live long enough, don't screw up too badly, and avoid an excess of partners/offspring, you one day likely will have. 8>.
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sl125
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Post by sl125 on May 19, 2017 9:29:48 GMT
... 1) Zopa - Long track record, moving towards Banking Licence so subject to more FCA scrutiny, unfortunately NOT available to new customers. .... It goes without saying that anyone who suggests FC, should be smacked very hard until they come to their senses. .... I find those two statements completely baffling and contradictory. When I look at my portfolio acquired over the years, I see that my Zopa returns have stabilised at about 4% per annum. Safe, yes, but still just 4%. FC, on the other hand, with a fully diversified portfolio and just blindly using Autobid will achieve twice that return after fees and defaults. My own portfolio on FC has achieved over 10% per annum consistently since 2012 when I joined FC. So, what you're saying is it's good to recommend a platform achieving just 4%, but anyone that invests in one that achieves twice that level of return (if you follow the basic principle of diversity) should be smacked very hard??? given the objective of investment is to maximise one's returns, that sure is odd advice.
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Post by gidoppp01 on May 19, 2017 9:45:40 GMT
I find those two statements completely baffling and contradictory. When I look at my portfolio acquired over the years, I see that my Zopa returns have stabilised at about 4% per annum. Safe, yes, but still just 4%. FC, on the other hand, with a fully diversified portfolio and just blindly using Autobid will achieve twice that return after fees and defaults. My own portfolio on FC has achieved over 10% per annum consistently since 2012 when I joined FC. So, what you're saying is it's good to recommend a platform achieving just 4%, but anyone that invests in one that achieves twice that level of return (if you follow the basic principle of diversity) should be smacked very hard??? given the objective of investment is to maximise one's returns, that sure is odd advice. Well done on achieving 10% consistently with FC! By achieving 10% on FC there has to be a someone making only 4% a year, the principle of Yin and Yang. It's all about the managing risks. Not everyone are willing to take risks even with 1 defaults out of 200 loans. The only platform offers simple return is Assetz Capital. Instant access @ 3.75%, 30 days access @ 4.75%. No other fees, always get paid on the 1st of each calendar month.
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macq
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Post by macq on May 19, 2017 10:16:37 GMT
Assetz Capital while instant so far, do say when you join that under normal conditions to transfer between your Assetz accounts should take seconds and a full withdrawal in 2 days so who knows what it will be in the required 3 year time frame .But would like to know where the £100,000 does end up in the end  |
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Post by df on May 19, 2017 19:45:41 GMT
Zopa Access pays above inflation, has provision fund and Zopa is the longest existing P2P platform. They have survived financial crisis in 2008 and no investors lost their money so far. They are most likely not to collapse in 2-3 years.
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daveb4
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Post by daveb4 on May 19, 2017 20:10:54 GMT
Platform risk and diversification. Definitely split cash across 3/4 platforms.
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