I have invested in a lending fund in Australia which gives good rates. It is one of the biggest in Australia and only lends against secure mortgages. I think as long as there is not a real financial collapse it should be reasonably safe and the risk is spread across many mortgages. I would move the funds out of Australia but I can't get anything like the same returns in Italy.

The same fund also offers good returns on peer-to-peer and they do keep sending me mails about it. I must admit I am tempted but I think I would want to be pretty sure about the security: first mortgage, good property, etc. For me it is a long way away if something goes wrong. Their 4 year managed fund actually offers better returns than many of the peer-to-peer offers.

Peter

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