Funding Circle

[watervole]

 I've been investing in Funding Circle for five or six months now.  It's a peer to peer lending system.

I like it for several reasons.

Firstly, I'm getting an average interest rate of 6% and that will increase slightly over time (the minimum lending rate has increased over the time I've been with them, and reinvesting interest pushes up the overall

Comments

[vjezkova]

This sounds quite a reasonable way of investment for people like you or me. I am not aware of anything similar here.

[undyingking]

I'm interested -- would you like to drop me an invitation, to < mo at holkar dot net > ?

[watervole]

Done.

[undyingking]

Thanks! - I'll keep an eye out for it.

[watervole]

If it doesn't appear soon, let me know and I'll resend.

[alexmc]

I would be interested to hear more thoughts about Funding Circle.

[watervole]

I'd suggest some reading around the web. Most of the main peer to peer lenders, including Funding Circle, now have schemes in place to protect investors if the company folds. (The government also use FC as a way to invest in small businesses. They have 10% the loan in a lot of companies I'm lending to)

There's a blurb here explaining the general principles of how Funding Circle works https://www.fundingcircle.com/how-it-works

If you'd like an invitation after reading around, let me know.

[alexmc]

You misunderstand. I am interested in *your* thoughts. I know Funding Circle and how they work.

[watervole]

My thoughts are that I like it. The best point for me is that I know exactly where my money is invested. I like the face that none of my money is invested in war, cars, or aircraft. I bias towards green investments, but also like to support English manufacturing in preference to retail. I don't invest in businesses that mainly import from overseas.

It really is being able to pin my investments exactly to my ethical principles that is the biggest benefit, though the fact that I can combine that with a better rate of return than a bank account is also a big plus.