Anyone else sat on a bunch of lemons!?

All the complaining would make sense if lendy was the only p2p platform or p2p was the only form of investment available?

There seem to be people that openly admit they have nothing invested in lendy, some like to even go so far as to brag about having nothing invested , but still turn up to clutter the boards with messages about how terrible lendy are.

I have a little less than I used to but still buy a new loan if I like the credentials. But if I thought it was a terrible product I’d just move onto something I thought wasn’t terrible. A number of funds I hold are doing better than 12% and if you don’t sell on drops there is not as much chance of capital loss than in p2p. It’s likely that a number of people got into p2p to escape the perceived risk of the main alternative, the stock market, and instead bought into a load of other risk that they maybe hadn’t considered (but with more chance of capital loss it seems).

A balanced approach is the answer. Reading about people who have all their money in p2p is alarming. I prefer to sleep well at night. A loss of every single penny I hold in peer to peer would be a blow to my ego but wouldn’t ruin me financially. It’s only a low percentage of the total pot.

My advice for the masses would be

Try to Make good informed choices. Move on if it’s not for you and don’t waste too much time hating on the internet. There’s much more effective ways of getting things done and much better uses of our time!