SteveT
Member of DD Central
Posts: 6,875 
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Post by SteveT on Sept 14, 2017 7:29:18 GMT
That's an excellent total return but I seem to recall that your purchases were made at NAV or below which isn't achievable right now. To my eyes it seems to be settling at about 104. At that price, it's yielding about 5.5%. Possibly going to be some price volatility in the next few weeks. Is your buy/sell finger poised I wonder or are you in it for the long term? Yup, I bought in on price dips during the post-launch volatility so much of the paper CG is down to the current premium to NAV. I stopped lending directly on FC many moons ago (along with any other unsecured SME P2P lending), so I regard my modest ISA stake in FCIF as a "fire and forget" investment that helps my overall portfolio diversity (along with other bond funds). I'll be happy enough with the loan book average return (plus a bit of leverage).
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Post by ratrace on Sept 17, 2017 11:09:23 GMT
l have now took my money out and have stopped lending to FC directly and instead will now be investing in P2P through investment trusts.
But instead of putting it into Funding Circle IT. l have chose to spread it across ,P2P Global, ,VPC Spec, and Ranger Direct Lending.
Where these IT,s were on discounts of between 15% and 31%.
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