P2P Investing

I read a few articles on RS back in September when I took my cash out. Will dry and dig them out but they didn't make good reading for potential lenders to the site.
 
Hmm I still have a sizable chunk in RS split between 5 years and 1 year. I've been reinvesting both into rolling to eventually withdraw without incurring fees. Not sure where to put it when I do though. Not really happy with Zopa or SS (lendy) which a bit of faff to manage. FC isn't rocking my world either; on just £791.59 earnings I've already incurred fees of £82.59 and losses of £142.02!
 
Been winding down RS since Sept and have just got out the last amount. Had an email rolling 5.7%, 1 year 4.9%, 5 year 5.7%.

Looked before at the number of monthly loan 'offers' earlier in the week, not many compared to the previous norm of a good few hundred offers at varying rates.

However they did get FCA accreditation the other day.
 
Where have you been moving your capital to?

The writing is definitely on the wall though; I can see the P2P market going for a loop real soon. Perhaps it's time to get out completely.
 
P2P is far too risky now. The days of credit are ending. It's going back to the old 'if you haven't got the money, you can't buy it' days. Quite rightly too.
 
Why do you think there will be problems with p2p?

Ive moved the majority of my money out of funding circle for a buy to let house purchase and because I don’t think it will be as good post the recent changes.

Still got a decent chunk of cash in property moose and property partner.. Ive ended up overweight London with my property partner holdings though and the recent quarterly valuations haven’t been good.

My stock market returns are hammering my returns from p2p though generally speaking and that’s without factoring in stuff like the 25% government contributions on Lisa deposits
 
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Given some of the warnings on the market, ive recently turned off reinvesting and started to take out cash from the holding account. Any sniff of it getting worse and ill sell a % of my investments I think.
 
Holy thread revival Batman! Apologies for necro but I figured this was better than starting a new thread... With interest rates being as crappy as they are I've been thinking about other investments and one that pops up is P2P. Reading back through this thread it seems the sentiment was pretty negative back in late 2017 but anybody still doing it now?

The main thing that caught my interest is that currently you get £100 for investing £1k in Ratesetter for a year, which is fairly tempting. I think they also do a referral thing where the referrer gets £100 and the referee gets £50 so I was contemplating signing up for the £100, then referring my wife for the same deal (if it's possible to use both the referral and the welcome bonus at the same time)... £350 against £2k for a year as a one off seems pretty good as well as a way of testing the waters with a small-ish amount of cash... can always just start the process of pulling it out after the 1 year if we aren't impressed...

Thoughts, anyone? (I'm aware of the usual - risk, money I can afford to lose and so on)
 
Yeah the 3 that I was thinking about are Funding Circle, Ratesetter and Zopa... just getting sick of my savings being sat in mine and my wife's ISAs earning barely 0.5% so thinking of skimming a few thousands off to other investments and see what happens... Currently thinking about a little into P2P, maybe some premium bonds and the rest into some sort of stocks/shares ISA or other fund type product like nutmeg or something... exciting times! Already have a little bit invested in Crypto but the less said about that right now the better :p
 
I pulled all my funds out of Funding Circle. I was getting a lot of defaults on loans.

Main investment is now with Assertz Capital. Getting 6.5% back with the "British Company" investmants. It's all automatic investing. You can get 8%+ back if you go into manual investing but that's not for me.

Also putting more into Unbolted as I am getting a pretty good return from them.

I would stongly advise you visit Finanical Thing wesbite. It's constantly reviewing all the P2P sites: https://www.financialthing.com/
 
SlyReaper said:
9% is really good. I'm getting 7.8%, in the Funding Circle ISA. It's almost exactly the predicted return rate. It's still my best performing investment.
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Just had a look in, ISA is doing 9.0%, my higher risk Classic is doing 10.9%. I would imagine almost all my S&SISAs will be down come the end of financial year, unless there's a turn around on the markets (not expecting there to be).
 
I can refer to ratesetter and get you a sign on bonus if you want, then you can indeed refer your missus. Trust if you want.

i am still in the game, not adding any more funds.

Mainly in RS, but also moneything

I still like moneything but a little holdoffish as they had a run of defaults and I am kind of waiting to see how they all pan out. Its to be expeted it will happen, its more how they deal with it I am interested in.
 
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