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I’ve been investing in P2P Lending platforms for the past 6 months and have learned quite a bit about this type of alternative investment. Now, if you don’t know what P2P Lending is, I recommend you check out this piece, which explains very thoroughly. Basically, you’re lending out money to SMEs that need the fund. In this article, I’ll share what I’ve learned and hopefully, you can decide whether investing in P2P Lending suits you.
I’ve invested in more than 100 loans, using three platforms: Funding Societies (Singapore), Capital Match and Minterest. I’ve gained roughly 7% return since I started, which I’m quite happy with, and that includes one defaulted loan. Depending on your risk appetite and loan choice, you’ll likely get a different return. Let’s dive right in.
Understanding Different ......