Investor Views: "Peer-to-Peer Lending Boosts my Income"

Private investor David Harman favours fund managers with good long-term records. But he’s also keen to invest in riskier ventures for the chance of higher returns

Emma Simon 11 November, 2016 | 4:16PM

David Harman, who is in his early 60s, is looking forward to retirement. He does not imagine he will stop working completely at the age of 65, but over the next few years he’s likely to decrease his working hours.

Harman, who lives in West Sussex with his wife, has built up a portfolio of using pension and ISA wrappers over a number of years. More recently he has also invested in peer-to-peer lending.

He says: “I’ve watched this sector with interest for a few years, and decided to invest via Octopus Choice.” This is the peer-to-peer lending arm owned by Venture Capital firm Octopus Investments. The money investors like Harman put in, is used to provide the capital for property loans.

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About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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