Octopus Choice Account Information

 

Excerpt From The Full February 2020 Monthly Update

 

Octopus Choice 

See Initial Review

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Octopus Choice Account Screenshot 1 - Feb 2020 P2P Lending Update

 

I added this new lender back in January. Octopus Choice are a well know, profitable company. I have looked at them several times before, but their target return rate is only 4% which wasn’t enough to entice me before. Now that RateSetter & Lending Works have lowered their rates, Octopus Choice has become a viable option for diversification.

One thing I’m not too impressed with is that already; I have capital tied up in late loans (see the red box on top of the screenshot). At 4% income, I would expect to be able to withdraw funds as needed, but already there is some stuck. I don’t expect to see too many actual losses to defaults as loans are very well asset secured, but just the whole “can’t withdraw late funds” thing is a bit irritating as it might take a while to get everything back if it has to go through a legal situation. I can deal with that with assets paying 8% or more, but at 4%? Not worth it. I’ll keep an eye on OC and if things get worse, I may start drawing the account down already.

 

 

Excerpt From The Full January 2020 Monthly Update

 

Octopus Choice 

See Initial Review

Visit Website

 

Octopus Choice Screenshot 1 - January 2020 Update

 

I added a new lender in January. Octopus Choice are a well know, profitable company. I have looked at them several times before, but their target return rate is only 4% which wasn’t enough to entice me before. Now that RateSetter & Lending Works have lowered their rates, Octopus Choice has become a viable option for diversification.

Rather than go in to all of my reasons for investing here, I wrote an initial review if you are interested in Octopus Choice.

 

 

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