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Financial Chat
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i’ve only been using RateSetter since November but I’d also recommend people try it. Super easy to get setup plus they somehow got my money into my account when I accidentally just sent a transfer with the reference “transfer”!

If anyone want’s to show me some love - here’s my referral too :stuck_out_tongue: http://link.ratesetter.com/N157UJF

Note: anyone who refers you will also get a ÂŁ50 kick back

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I used to use RateSetter but I felt the returns weren’t really worth the risk, especially as I was making longtermish investments.

My cash is now in a index linked stocks and shares ISA and has much better returns :slight_smile: Obviously stocks can go down as well as up, but over the long term I’d expect to gain :+1:

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For me it’s about diversification. I use ratesetter but that’s not where all my money is

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I’m new to investing. Currently using a robo-advisor and hoping to move away next April. Do you have any suggestions?

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I totally agree diversification is where it’s at. A stocks and shares isa is another option. You have to judge the amount of risk for yourself. So far Ratesetter has a 100% payback rate to all investors, but that doesn’t mean that it’s without risk. Stocks and shares can make big gains but also fluctuate daily.

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Thanks Peter, used your link, here’s mine for anyone else to use

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Did ratesetter not get caught up in some controversy recently with the way they were lending or something? I’ll try and dig out a source…

Anyways I avoided them and went for funding circle which is currently returning around 9-10%

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Hey!

Do you have a referral for that?

https://support.fundingcircle.com/hc/en-us/sections/203090806-Recommend-a-friend

I would appreciate it!!

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Can’t seem to find one. I think they may have stopped this?

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Ah that sucks! Is your funding circle account returning 9% - 10%? I briefly looked at them and read some people were losing a lot of money. Do you have the option to diversify your investments or do you have to pay, say, ÂŁ1000 to a company at a time?

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It’s completely random. I’m spread over I think 500 companies in total.

9-10% before fees and bad debts, which gives me around 7-8%

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I saw some fixed term saving accounts that are offering upto 5% with no risk. When I looked into the P2P lending rates last year the saving accounts won hands down.

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I’d be interested if you could share those savings accounts :slightly_smiling_face:

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Are referral links allowed on here?

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A year ago? Yes

Now you need to add them to the referral wiki

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Okay, will post there instead :slight_smile: I guess they should be edited out from here though?

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Rules have changed since this topic was last used. As long as old threads aren’t bumped they’ll be forgotten

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No they come up in searches and on search engines. This was the first hit for ratesetter for example (there was no sign of the referral wiki).

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