pom
Member of DD Central
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Post by pom on May 27, 2017 19:08:40 GMT
Personally I give up. We seem to have answered various variations on this question for you repeatedly. Only you can decide from the multitude of answers you've been provided which really suit you.
Way I see it £50/month is either an insignificant amount in which case put it *anywhere* and see what happens. Or it isn't, in which case why are you still looking at P2P anyway? It just seems to me like you want all the returns without actually putting in any effort.
If others deem this harsh I'm happy to remove, but gin loosens the tongue sometimes.
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Post by khampson on May 27, 2017 19:27:02 GMT
I tried to delete the question but could not, yes I am quite new, I suppose I could of put questions in one header, yes I have asked several questions as I want several p2p needs, I want to put a little away for a long time, I want a auto invest platform that I can put money in and forget about and I want a platform that offers me a 9% + with a secondary market where I can put £3000 now and get it invested pretty fast, yes I ask questions, people with learning difficulty often do, I'm not stupid, I am looking for several different needs and thought this could be a place I could get a little guidance, most are helpful but the odd one, and the (we) seem to answer, you have not answered one of my questions so cut the we, the only thing you have help is yourself to another gin, ps don't look down on anyone unless your helping them up
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pom
Member of DD Central
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Post by pom on May 27, 2017 19:58:14 GMT
I have answered your questions I just gave up over 6 months ago. I'm not trying to be mean, but it just seems to me that if you're still asking very similar questions after a year here maybe p2p is really not for you (and I am genuinely concerned about this). Either you can accept lower rates for auto-invest, or you put the effort in to get higher rates. But you simply can't expect the best of both worlds, it's just not how it works.
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gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on May 27, 2017 20:04:59 GMT
Sometimes reward = effort khampson. You want 9% without effort. The reward you wish is not available. 7% yes, 9% no. Try Assetz Capital 7% GEIA or GBBA. |
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Post by dan1 on May 27, 2017 20:06:40 GMT
I tried to delete the question but could not, yes I am quite new, I suppose I could of put questions in one header, yes I have asked several questions as I want several p2p needs, I want to put a little away for a long time, I want a auto invest platform that I can put money in and forget about and I want a platform that offers me a 9% + with a secondary market where I can put £3000 now and get it invested pretty fast, yes I ask questions, people with learning difficulty often do, I'm not stupid, I am looking for several different needs and thought this could be a place I could get a little guidance, most are helpful but the odd one, and the (we) seem to answer, you have not answered one of my questions so cut the we, the only thing you have help is yourself to another gin, ps don't look down on anyone unless your helping them up I don't think there is a platform out there that will satisfy all of your requirements (yes, there is an opportunity for a new platform to emerge into this space). But, here are my thoughts on those I have experience with: Those with secondary markets with premium/discounts:ABLRate - no auto investment yet (but may appear this year), quick to get your funds invested via SM, most flexible SM allowing unrestricted bid/offer to get your money out even at a loss (assuming there are bids to at least the amount you want to sell) Funding Circle - auto investment but you'd have to deselect the lower risk loans to achieve at least 9%, probably slower to get your funds invested initially due to limited primary market offerings and you may be allocated damaged parts by auto-bid on the SM, SM is probably the most liquid when it comes to selling (last couple of days aside!). FundingSecure - no auto investment, quick to get your funds invested via SM, SM limited to 1% premium/discount so you may not be able to sell when required Those with secondary markets at par:Collateral - auto investment, usually slow to get funds diversified initially Lendy - auto investment, usually slow to get funds diversified initially but many offerings at present, SM at par only which means either feast or famine - currently feast which means it's difficult to sell (conversely famine means it's difficult to buy and get diversified) MoneyThing - no auto investment, usually slow to get funds diversified initially but many offerings at present, SM at par only which means either feast or famine No secondary market:Unbolted - auto investment, slow to get funds invested initially, has a provision fund (covers capital for 0.85% per month loans, and capital+interest for 0.65% loans) You need to decide which of your criteria you least desire. For example, if you need to ability to sell (even at a loss), then I would only consider ABLrate and Funding Circle. If, however, auto-investment is your 'must' then Lendy or Unbolted would be preferred. It's worth remembering that platforms can and do change their secondary markets (e.g. the restriction to 1% on FS), loans can become untradeable and 'lock' you in at no notice, and in particular what you've become accustomed to from a platform can change in an instant (think Brexit on Saving Stream). Anyway, just my tuppence worth. Good luck
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Post by khampson on May 27, 2017 20:21:53 GMT
I have answered your questions I just gave up over 6 months ago. I'm not trying to be mean, but it just seems to me that if you're still asking very similar questions after a year here maybe p2p is really not for you (and I am genuinely concerned about this). Either you can accept lower rates for auto-invest, or you put the effort in to get higher rates. But you simply can't expect the best of both worlds, it's just not how it works. I did ask the question a year ago, sadly due to Bondmason making the minimum investment £5000, I was getting 8%+, after some advice from here I put the £3000 I had in BM in Growth street earning 6.4% auto lending, maybe I can use this longterm. in addition to this I intend on putting £50 a month away for a number of years, I say 3 but possibly 20. I don't mind doing the work but worried about having too many p2p on the go and not being able to manage them all. I appreciate peoples help, I know that p2p changes pretty fast, companies come and go and I don't have the knowledge to know whats good, whats bad and if I did it on my own back it could cost me a lot of money to out. I am sorry for being trouble and asking for help
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macq
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Post by macq on May 27, 2017 21:27:56 GMT
Crowd2fund do an auto invest(which they call smart invest) where you can pick a rate from about 8 to 9% & higher if you wish and can also do monthly for i believe £100 minimum.
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