Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
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Post by Greenwood2 on Jun 15, 2020 19:38:06 GMT
Luckily Tony Blair's government (in power when Zopa started) is no longer with us Next month will be 10 years since I first lent with zopa. My account there is now down to shrapnel since I stopped actively lending in 2017. However, what Zopa was then is a long way from what the p2p market now is. It was not formally regulated and there was no liquidity expectation. Looking back, I am wondering if the fight for formal regulation (which Zopa supported) was a mistake? It gave them access to more funds but clearly many misinterpreted what exactly "regulation" meant and it didn't bring the desired growth which is why Zopa ultimately has tried to turn into a bank. I was in Zopa from close to the start and still in Zopa, I have dipped a toe or more (sometimes a lot more) in lots of platforms, still investing in Zopa, but not in very many other platforms, just a core few.
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Post by misalab on Jun 15, 2020 20:27:52 GMT
Hi everyone, I have just started learning about p2p lending and p2p paltforms. So I was wondering if there were some factors I should be looking for before I choose a platform. I know it is a broad and basic question but any information helps. Are you looking to borrow money from a P2P lender? No I am looking to invest as a p2p lender.
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Post by misalab on Jun 15, 2020 20:33:01 GMT
These times are unknown territories for p2p. The warning (you may lose some / all of your ££) has never been more important to heed. That said it still can reward. Welcome to our world. Tread carefully my friend. Thank you for the welcome and I will proceed cautiously
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bod
Member of DD Central
Posts: 83
Likes: 28
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Post by bod on Jun 16, 2020 13:48:10 GMT
Only invest what you can afford to lose
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