Comments on: Is It Time for Investors to Look Again at P2P/Crowdlending Platforms? https://www.poundsandsense.com/is-it-time-for-investors-to-look-again-at-p2p-crowdlending-platforms/?utm_source=rss&utm_medium=rss&utm_campaign=is-it-time-for-investors-to-look-again-at-p2p-crowdlending-platforms A UK blog covering personal finance and much more from an over-60 perspective Sat, 18 Jun 2022 11:20:21 +0000 hourly 1 https://wordpress.org/?v=6.9.1 By: Nick https://www.poundsandsense.com/is-it-time-for-investors-to-look-again-at-p2p-crowdlending-platforms/#comment-15895 Sat, 18 Jun 2022 11:20:21 +0000 https://www.poundsandsense.com/?p=9419#comment-15895 In reply to Testyinvestor.

Thanks for this. Yes, I’ve thought about investing with Abundance in the past. I like the fact that they specialize in ‘green’ projects, and you can invest via a tax-free IFISA if you wish. Glad to hear you have been getting good results with them.

]]> By: Testyinvestor https://www.poundsandsense.com/is-it-time-for-investors-to-look-again-at-p2p-crowdlending-platforms/#comment-15893 Sat, 18 Jun 2022 10:07:16 +0000 https://www.poundsandsense.com/?p=9419#comment-15893 I’m investing with Abundance Investment and find that it not only gives a positive return but also my money is doing good – I’ve bought a diversified portfolio on their market place in windturbine, solar panels and tidal power.
I’ve also invested in new projects (electric car charging and others).
It seems like a sensible gamble to me.

]]> By: Nick https://www.poundsandsense.com/is-it-time-for-investors-to-look-again-at-p2p-crowdlending-platforms/#comment-15886 Fri, 17 Jun 2022 17:01:56 +0000 https://www.poundsandsense.com/?p=9419#comment-15886 In reply to Sarah Bailey.

Thanks, Sarah. Yes, I’m sure you’re right. There has been a big shake-up in the sector, and those that have survived are (I think) stronger as a result. As with all investments, though, diversifying is key. Nowadays I put no more than £200 into any single property investment.

]]> By: Nick https://www.poundsandsense.com/is-it-time-for-investors-to-look-again-at-p2p-crowdlending-platforms/#comment-15885 Fri, 17 Jun 2022 16:58:34 +0000 https://www.poundsandsense.com/?p=9419#comment-15885 In reply to Sarupa Shah.

Thanks! Yes, an IFISA is part of your normal ISA allowance, which is £20,000 in the current tax year. IFISA stands for Innovative Finance ISA. It is typically used with P2P (peer-to-peer) lending. If your money is invested within an IFISA, all profits made are entirely tax free.

And yes, if you are looking for an alternative to the stock market for some of your investments, a P2P/crowdlending platform such as Kuflink is certainly worth considering.

]]> By: Sarupa Shah https://www.poundsandsense.com/is-it-time-for-investors-to-look-again-at-p2p-crowdlending-platforms/#comment-15884 Fri, 17 Jun 2022 15:44:12 +0000 https://www.poundsandsense.com/?p=9419#comment-15884 This is great – and I feel like I have totally been in the dark about much of what you share, is the IFISA – part of your normal ISA allowance – not that I have used mine this year, yet …. but normal rates have been so rubbish – kufflink – sounds like it could be an option… brilliant post – thanks!

]]> By: Sarah Bailey https://www.poundsandsense.com/is-it-time-for-investors-to-look-again-at-p2p-crowdlending-platforms/#comment-15883 Fri, 17 Jun 2022 14:24:26 +0000 https://www.poundsandsense.com/?p=9419#comment-15883 I have some money in a P2P platform, the only issue I’ve found is while I have slowly made some money, quite a few companies have defaulted which I’m sure put some people off investing more. It’s definitely an interesting way to fund and it can really help the funded person/company take that next step.

]]>