P2P INVESTMENT

>>1707462
>what is P2P

ok, youre retarded, but its essentially giving someone (an individual) your money... if you want to invest in a real stock, invest in MNGA

Enjoy wasting time vetting people and no loss insurance.

>>1707462
It's lending money to individuals or small companies. Some P2P platforms automatically pool lenders money and distribute it among all loans, fund-style, while in others you'll be manually allocating money to individual borrowers based on your own preferences.

I have no clue about your website and you should do more research before committing. Speaking from a UK perspective, there are a wide variety of P2P platforms ranging from the very established (zopa is pre-2008 crisis) to new and untested. There are ones with excellent track records and no investor losses to date, and then there are the ones who will give any clown a loan and drag their heels enforcing recovery when they default. Returns can be as low as 2-3% and my highest loan I'm personally invested in is 20%. Some platforms additionally have secondary markets where loan parts can be sold at a premium or discount, so there's the added revenue possibility of flipping loans for profit rather than holding them for monthly interest/capital repayments.

I personally have been very happy with P2P as an investment method over the last 12 months or so since I started. I would say it's key to do your due diligence and look at the track record of your chosen platforms. "Platforms" is deliberately plural because you MUST diversify to hedge the inherent risks.

I would choose P2P over penny stocks and memecoins any day. And even if you're into trading, anybody who is serious about investing should have exposure to P2P. Think of P2P loans as being in the same category as junk-rated bonds and act accordingly.

thank you so much! a very informative reply!

>>1708051

>>1708051
Do you use Fundingcircle? Fellow UK investor here. I've noted their loan quality drop since removing the bid feature quite substantially. Considering moving but I've yet to find a P2P lender which has a similar return.

>FC is technically P2B but pls ignore this

>>1708711
No I don't. I've had my best success with MoneyThing whose loans average 12% and I believe have a spotless track record regarding defaults. Ablrate are decent too. Under 10% of my total P2P allocation is with RebuildingSociety whose loans go up to a frankly nuts 20%, but naturally those are high risk. No defaults yet, touch wood.