Hi all, What are the thoughts around P2P lending? I currently have $300 invested in Plenti. Considering as an option to add another zero to that. Rates are around 4.5% They have a buffer fund of 20m with an estimate of bad debt at 11.5m, and claim to have returned 100% of funds. Cheers!
I missed this post. I’ll give you my 2 cents worth. Personally not a fan of the p2p product. I do have investments in private lending in the form of mortgage syndicates. I much prefer my money held against property as security rather than some random assets. Secondly the return rate of 4.5% for p2p is abysmal. I wouldn’t touch it at 7% return let alone 4.5%. I know there are others on here that have dabbled in p2p and have a differing opinion. I think there are better returns out there in that part of the risk curve.
I agree-you can find listed company debt (and reasonable companies at that) wherein you can get that % return. Same return but much less risk.
