Is p2p investing really investing?

[Bjauck]

27% of my total financial investment portfolio at present, but this will reduce. I don't include my home. I only include investments I can make income off.

You can make money from the equity in your home - either by renting it out or taking in lodgers. If you did not have your home you would need to rent. Depending on the home and your stage in life, you could trade down and reinvest the excess. In NZ it is for many their main investment and their pension plan. In my opinion. determining how diversified your investments are becomes meaningless if you don't include the current value of the equity invested in your home - especially when assessing investment diversification among those whom may or may not own their own homes.

In my opinion, 27% in p2p sounds like a high proportion of your investments in a new potentially risky asset class. However, if you have 80% of your total investment equity invested in your own home, then I would not come to that conclusion.