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Post by Ace on Mar 7, 2024 9:00:37 GMT
I note that the chief operating officer at Kuflink resigned yesterday, having spent less than a year in the post.
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Post by scepticalinvestor on Mar 7, 2024 17:24:14 GMT
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Post by Ace on Mar 7, 2024 17:40:03 GMT
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Post by Chimponaughty on Mar 7, 2024 20:50:42 GMT
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jnm21
Posts: 441 
Likes: 167
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Post by jnm21 on Mar 10, 2024 5:43:25 GMT
From experience across various platforms, P2P operators have turned out to be a bit like used car salesmen - peddling shiny lemons that the seller knows everything about and the buyer very little. Add on a third-party warranty that's as useful as the "regulated by the FCA" label or provisions funds. If I may add from my experience "peddling shiny lemons that the seller knows more, but far from enough about, the buyer often knows too little about, can often not rely on what little they do know, learns at a cost, which is almost always mental and often also financial, a bit more & all too often unfortunately ends up wishing they knew nothing about!" I am genuinely really grateful for the whole "we are going to stop taking 20% of the pie, to give investors a better chance to get a piece of it!" fiasco. It saved me while I was just testing out Kuflink. The next great shiney lemon sale appears to be crypto - from what I can see, somebody with a few quid (probably not their own - wish I could hook an equity investor 😂) starts shouting, I have created some magic e-beans on this list here - anyone wanna buy them... an orderly queue forms &, if the initial investors are lucky, more join the queue, which if they are very lucky can become disorderly due to the numbers joining! 🤑 The trick appears to be to know when to sell, which is very tricky as there seems to be no indicators!
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