tag:blogger.com,1999:blog-2875915890415125655.post1534308167306888988..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: RateSetter Peer-to-Peer Lending – It can no longer be called an experimentRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-2875915890415125655.post-52994091066104986662015-12-27T10:03:57.252+00:002015-12-27T10:03:57.252+00:00RIT: presumably your annualised 4.5% return is tax...RIT: presumably your annualised 4.5% return is taxable at the higher rate? <br /><br />I'm waiting until the sheltering of such incomes in ISAs comes into effect (and how much, and whether that comes off the overall ISA allowance). Until then, while P2P might be of some interest and fun, I don't think the return after tax justifies the risk and effort - particularly as we have yet to Keithnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-89459567540586071222015-12-21T20:19:23.706+00:002015-12-21T20:19:23.706+00:00I found ratesetter to boring. The following is no...I found ratesetter to boring. The following is not a recommendation to invest but I have been putting money into smaller P2P sites that do asset backed loans and pay out 12%. There's enough loans and sites to get diversified.<br /><br />p2p independent forum is where I found a lot of information.RevalidationCramhttps://www.blogger.com/profile/16763173292591052631noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-22393898047483958012015-12-21T13:01:58.120+00:002015-12-21T13:01:58.120+00:00You might care to take a look at the first post in...You might care to take a look at the first post in the following link:<br /><br />http://p2pindependentforum.com/thread/1369/coverage-ratio?page=7<br /><br />In this post a representative of Ratesetter, WestonKev, gives some more detail about the provision fund. <br />Also an interesting comment from him on Dec 12th to say that some lenders do not have the protection of the provision fund. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-28375610004338549252015-12-20T14:01:39.062+00:002015-12-20T14:01:39.062+00:00Agreed that ratesetter is very easy to use, not a ...Agreed that ratesetter is very easy to use, not a recommendation to use them, but if you were to set it up, I'm sure your wife would be able to cope, it passed my 'could my mum use this?' test.M from There's Valuehttp://theresvalue.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-54148766077855174042015-12-20T13:57:42.426+00:002015-12-20T13:57:42.426+00:00A couple of years on FCA couple of years on FCM from There's Valuehttp://theresvalue.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-10879431497462945372015-12-20T12:40:38.754+00:002015-12-20T12:40:38.754+00:00Thank you, pulpo.Thank you, pulpo.deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-46064617180124913942015-12-20T12:39:17.420+00:002015-12-20T12:39:17.420+00:00Thank you, Jim.
Thank you, Jim.<br /><br />deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-71458271961243657442015-12-19T23:58:09.835+00:002015-12-19T23:58:09.835+00:00You need some way of giving her instructions after...You need some way of giving her instructions after you die (and keeping those instructions up to date). Hopefully, she has somebody she can trust who would be computer savvy enough to help her. The simplest platform for me is RateSetter and all she would have to do is to change the settings to put all returns into the holding account (balance) and set regular auto-withdraw of the balance. It Jim Fnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-38193380963288915592015-12-19T23:03:43.619+00:002015-12-19T23:03:43.619+00:00No defaults or late payments; well done. How long ...No defaults or late payments; well done. How long have you had investments in Funding Circle? I am very much preferring RateSetter to FundingCircle for my passive investing approach. My FundingCircle defaults were a little alarming for a while but are slightly better than expected now.Jim Fnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-35228481065676777492015-12-19T20:44:08.589+00:002015-12-19T20:44:08.589+00:00If you would like to set out a schedule of your ai...If you would like to set out a schedule of your ailments I'm sure the board will have a view as to which term is most appropriate!<br /><br />I suspect platform collapse is a risk with many P2P providers. I believe there are about 40 of them and I doubt many are that well capitalised. Expect consoidation from distressed positions or otherwise.<br /><br />I have come across ratesetter in my pulpohttps://www.blogger.com/profile/17808388758284749572noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-53964440372140460982015-12-19T16:05:06.316+00:002015-12-19T16:05:06.316+00:00I'm tempted, but there's a fair chance I&#...I'm tempted, but there's a fair chance I'll die in the next few years, leaving my wife a problem in tidying up. Or we could do it in her name, leaving her a problem with carrying on on her own (she recoils from financial stuff). Any comments?deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-4132050072816725562015-12-19T16:02:23.964+00:002015-12-19T16:02:23.964+00:00"In the UK equity market I for example won..."In the UK equity market I for example won't invest ... in guns ... companies."<br /><br />That would have been an appalling policy in, say, 1938. How do you know it isn't now?<br /><br />deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-76790645234550997492015-12-19T15:48:57.068+00:002015-12-19T15:48:57.068+00:00I've been using p2p lending since 2006/7 finan...I've been using p2p lending since 2006/7 financial year. Never had any defaults or late payments in all 9 years. It's a tiny proportion of my overall portfolio, but I've anyways enjoyed it. I had expected defaults during the financial crash but nothing happened to my loans... <br /><br />Currently moved almost exclusively into lending to small businesses, something that I'm very M from There's Valuehttp://theresvalue.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-16097896328118425472015-12-19T15:27:36.188+00:002015-12-19T15:27:36.188+00:00Hi RIT
Timely post as I've just had my first P...Hi RIT<br />Timely post as I've just had my first P2P loan default. It was only a tiny loan and it was with Funding Circle. Like you, I also lend with RateSetter (along with some others).<br /><br />Whilst I have invested in P2P, I still consider it pretty high risk, hence don't intend on investing a lot more, although I will top up next year. Going with the likes of FC with their higher weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-83995816207373523552015-12-19T14:08:59.480+00:002015-12-19T14:08:59.480+00:00Great to see someone else having success with Rate...Great to see someone else having success with RateSetter. Thanks for sharing Anon.<br /><br />On the topic of PropertyPartner. There are some investments that I (currently) won't invest in for ethical reasons. In the UK equity market I for example won't invest (directly, I understand trackers contain them) in guns or fags companies. PropertyPartner is a similar ethical dilemma as I RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-30017914305675626942015-12-19T11:57:16.940+00:002015-12-19T11:57:16.940+00:00Thanks RIT - I followed you into Ratesetter, and h...Thanks RIT - I followed you into Ratesetter, and have about 30% invested monthly and 70% invested at 3 year, giving blended rate of 4.9% and am happy with that. All reinvestment is going to monthly and final 3 year loan repaid in June 2018. Have only invested 2.5% of my portfolio which is about 25% of my cash. As an alternative, have you thought about Property Crowdfunding and have you looked at Anonymousnoreply@blogger.com