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Post by khampson on May 18, 2017 15:43:02 GMT
Hi I am at a dilemma, I have been using p2p for several years, not I am thinking longer term where I am better off putting my money into peer to peer platforms, I currently use Growth Street bondmason and get around 6.4% to 7.4% return, I also have a registered account with Moneyfarm that is a stocks and shares isa, no thinking more long term of around 5 years I expect my peer to peer investment to rise around 30% without getting to technical, I understand the risk with peer to peer but would I be better off going down the moneyfarm route?
What are your thoughts
Thank you
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dzo
Member of DD Central
Posts: 158 
Likes: 150
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Post by dzo on May 18, 2017 17:50:02 GMT
Hi I am at a dilemma, I have been using p2p for several years, not I am thinking longer term where I am better off putting my money into peer to peer platforms, I currently use Growth Street bondmason and get around 6.4% to 7.4% return, I also have a registered account with Moneyfarm that is a stocks and shares isa, no thinking more long term of around 5 years I expect my peer to peer investment to rise around 30% without getting to technical, I understand the risk with peer to peer but would I be better off going down the moneyfarm route? What are your thoughts Thank you The usual advice is to invest for at least 10 years in stocks and shares. They're volatile so you need to wait long enough to "even out" the ups and downs.
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Post by rb5286 on May 18, 2017 18:20:28 GMT
My personal view is to wait for the next big crash in the stock market (at least 20%), then pile into index funds and ride the rally over the proceeding years. The downside of this plan, is that no one knows when that crash will be and you can potentially be missing out whilst you wait on the sidelines. Whilst I'm on the sidelines, I'll stick to property and P2P and not increase stock/shares holdings.
My 2 cents
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