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Post by gravitykillz on Mar 29, 2019 10:41:23 GMT
As others have said, P2P is risky at best, even when you know what you're doing. To be 100% sure keep your capital in a government insured bank account (ok, maybe 90% safe based on financial management of governments around the world currently)  If you are willing to risk the capital for better returns, maybe try some of the bigger P2P boys with secured loans, provision funds etc. Returns won't be stellar but should beat any bank account, although again you could lose it all. I track a few of the bigger boys and publish returns each month to give you an idea here obviousinvestor.com/my-investments/peer-to-peer-investments/If you don't have time for due diligence, perhaps go with some of the auto-invest accounts? Most of my P2P investments are this way. Wow. Thanks for the data. Was surprised that mintos and funding circle gave you the best growth. I had a bad experience with fc. Now i am trying welendus the returns there are pretty good as well.
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benaj
Member of DD Central
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Post by benaj on Mar 29, 2019 10:50:15 GMT
Wow. Thanks for the data. Was surprised that mintos and funding circle gave you the best growth. I had a bad experience with fc. Now i am trying welendus the returns there are pretty good as well. Sometimes, it is too easy to misinterpret data. I don't think lotus_eater data are misleading, but it takes at least 12 months to see a true picture of FC performance, the first 5 months usually look amazing due to the way platform reporting figures.
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ceejay
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Post by ceejay on Mar 29, 2019 10:50:49 GMT
As others have said, P2P is risky at best, even when you know what you're doing. To be 100% sure keep your capital in a government insured bank account (ok, maybe 90% safe based on financial management of governments around the world currently) If you are willing to risk the capital for better returns, maybe try some of the bigger P2P boys with secured loans, provision funds etc. Returns won't be stellar but should beat any bank account, although again you could lose it all. I track a few of the bigger boys and publish returns each month to give you an idea here obviousinvestor.com/my-investments/peer-to-peer-investments/If you don't have time for due diligence, perhaps go with some of the auto-invest accounts? Most of my P2P investments are this way. Wow. Thanks for the data. Was surprised that mintos and funding circle gave you the best growth. I had a bad experience with fc. Now i am trying welendus the returns there are pretty good as well. Beware of drawing simplistic conclusions from data like this. Funding Circle might look good on this chart, but you need to be aware that their approach of putting your money in to a large number of high risk unsecured loans usually does look good for a while... until the defaults start to roll in. It's way too early to be drawing serious conclusions on these investments. You could probably make similar observations on the others, too - one issue being that platform differences mean that they are likely to show their strengths and weaknesses over different timescales. Show me this chart in five years time and it will be more interesting - but still open to challenge, as the platforms also change their lending practices over time.
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Post by gravitykillz on Mar 29, 2019 12:29:58 GMT
Good point and true.
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zlb
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Post by zlb on Mar 29, 2019 22:54:05 GMT
As others have said, P2P is risky at best, even when you know what you're doing. To be 100% sure keep your capital in a government insured bank account (ok, maybe 90% safe based on financial management of governments around the world currently) If you are willing to risk the capital for better returns, maybe try some of the bigger P2P boys with secured loans, provision funds etc. Returns won't be stellar but should beat any bank account, although again you could lose it all. I track a few of the bigger boys and publish returns each month to give you an idea here obviousinvestor.com/my-investments/peer-to-peer-investments/If you don't have time for due diligence, perhaps go with some of the auto-invest accounts? Most of my P2P investments are this way. Wow. Thanks for the data. Was surprised that mintos and funding circle gave you the best growth. I had a bad experience with fc. Now i am trying welendus the returns there are pretty good as well. I think it's worth looking at the time invested for on anyone's tracking. For example Z have a honeymoon period of a roughly 6 months before defaults erode earnings.
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