aju
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Post by aju on Jul 21, 2019 13:40:08 GMT
I am more happy with any platforms that allow me to withdraw money at least monthly rather 0 withdrawal at all. I don't see withdrawal is a negative thing, on some platforms, I top up more than I withdraw to suit my objectives. Maybe English is not your first language but you failed to understand my poll and you have failed to understand this one. The question in this poll is about winding-down your account with regards to closure not the ease at which you can withdraw.
There is also the chance that you are paid to write positive comments about P2P, in which case, GOOD LUCK!
Hey benaj , is there any truth in this bit I've highlighted I always got the impression you were just one us forumites trying to make sense of it all to the best of our knowledge at any given time. I think I know the answer but wondered what your thoughts on that comment were. I've said it above but in my view Zopa should be on the list, I'm not completely bailing but I am winding down less favourable part of mine and Mrs Aju's investment in the Zopa invest. One reason is were are over exposed more than I'm comfortable with in P2P and also because of Tax issues that the invest side gives us. I just don't like paying more tax than I have to - not on a rich persons scale - if there are legitimate vehicle to help me, in this case ISA's.
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zlb
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Post by zlb on Jul 21, 2019 19:13:42 GMT
I'm winding down Z as well. My returns are well below those advertised. They take too long to implement changes that are supposed to improve things.
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benaj
Member of DD Central
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Post by benaj on Jul 21, 2019 19:16:27 GMT
I earned interest from the investment from the platforms I invest. What I write is just my personal opinion.
Last month, I made withdrawals on all p2p platforms I invested including Zopa. Only a few active platforms do not allow me regular withdrawals due to nature of the investment and haven't reached maturity:
Brickowner, Housecrowd, Blend Network, Orca Money, Lending Crowd.
and of course I wish I haven't touched those platforms in administration or undergo transformation.
This month, I re-balance majority of my p2p holding and made new investments in other platforms. Mainly AC, RS, GS and EasyMoney. Will probably have a major reshuffle in 2 months time to meet my objective after parking the money.
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Post by df on Jul 21, 2019 20:13:43 GMT
I'm winding down Z as well. My returns are well below those advertised. They take too long to implement changes that are supposed to improve things. I've started withdrawing from Z on the day when they scrapped PF protected products. Still ongoing. I could have sold it all at once (Access - no fee and Classic -1%), but decided to let it wind down. Yes, Zopa should've been on the list.
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Post by df on Jul 21, 2019 20:20:24 GMT
I earned interest from the investment from the platforms I invest. What I write is just my personal opinion. Last month, I made withdrawals on all p2p platforms I invested including Zopa. Only a few active platforms do not allow me regular withdrawals due to nature of the investment and haven't reached maturity: Brickowner, Housecrowd, Blend Network, Orca Money, Lending Crowd. and of course I wish I haven't touched those platforms in administration or undergo transformation. This month, I re-balance majority of my p2p holding and made new investments in other platforms. Mainly AC, RS, GS and EasyMoney. Will probably have a major reshuffle in 2 months time to meet my objective after parking the money. You can do regular withdrawals from LC as repayments come or sell the whole or part of your portfolio at 0.5% fee.
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benaj
Member of DD Central
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Post by benaj on Jul 21, 2019 20:31:19 GMT
I earned interest from the investment from the platforms I invest. What I write is just my personal opinion. Last month, I made withdrawals on all p2p platforms I invested including Zopa. Only a few active platforms do not allow me regular withdrawals due to nature of the investment and haven't reached maturity: Brickowner, Housecrowd, Blend Network, Orca Money, Lending Crowd. and of course I wish I haven't touched those platforms in administration or undergo transformation. This month, I re-balance majority of my p2p holding and made new investments in other platforms. Mainly AC, RS, GS and EasyMoney. Will probably have a major reshuffle in 2 months time to meet my objective after parking the money. You can do regular withdrawals from LC as repayments come or sell the whole or part of your portfolio at 0.5% fee. I know i can, but haven’t started withdrawing due to those bonus promotion. LC it’s a good platform.
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IFISAcava
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Post by IFISAcava on Jul 21, 2019 21:27:36 GMT
You can do regular withdrawals from LC as repayments come or sell the whole or part of your portfolio at 0.5% fee. I know i can, but haven’t started withdrawing due to those bonus promotion. LC it’s a good platform. My lowest P2P returns (other than Collateral on the most likely outcome) have come from LC. I am only in profit because of the initial bonuses. Getting 2-3% overall. Have now sold out all the sellable loans for this reason and transferred the money elsewhere.
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Post by df on Jul 22, 2019 14:42:11 GMT
I know i can, but haven’t started withdrawing due to those bonus promotion. LC it’s a good platform. My lowest P2P returns (other than Collateral on the most likely outcome) have come from LC. I am only in profit because of the initial bonuses. Getting 2-3% overall. Have now sold out all the sellable loans for this reason and transferred the money elsewhere. Interesting. My results are good so far - two and half years of investment (without any bonuses) and it's hovering at around 8.5% at the moment. Did you use manual investment or auto products?
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jul 22, 2019 17:49:05 GMT
My lowest P2P returns (other than Collateral on the most likely outcome) have come from LC. I am only in profit because of the initial bonuses. Getting 2-3% overall. Have now sold out all the sellable loans for this reason and transferred the money elsewhere. Interesting. My results are good so far - two and half years of investment (without any bonuses) and it's hovering at around 8.5% at the moment. Did you use manual investment or auto products? Both. Self select slightly better (3% v 2%). High defaults were the main problem.
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Post by df on Jul 22, 2019 19:03:43 GMT
Interesting. My results are good so far - two and half years of investment (without any bonuses) and it's hovering at around 8.5% at the moment. Did you use manual investment or auto products? Both. Self select slightly better (3% v 2%). High defaults were the main problem. That's very low. I must've been lucky - only 14 defaults and I'm in majority of LC loans originated after January 2017. Currently 378 live and 75 fully repaid.
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