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Peer to Peer Lending

Discussion in 'Other Asset Classes' started by wombat777, 4th Nov, 2015.

  1. wombat777

    wombat777 Well-Known Member Premium Member

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  2. Perthguy

    Perthguy Well-Known Member

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    @wombat777, do you think you would loan money through a p2p lending site? I was thinking about it. Risky?
     
  3. Heinz57

    Heinz57 Well-Known Member

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    Yes I opened a thread on ratesetter but no response. Are you using money place Wombat?
     
  4. wombat777

    wombat777 Well-Known Member Premium Member

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    @Perthguy, @Heinz57 - I'm not currently lending through any of the services. I would consider it - primarily in a funds pool model. It is more risky to lend to a single borrower. Some kind of diversification would be the right approach.
     
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  5. Heinz57

    Heinz57 Well-Known Member

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    I'm leaning toward ratesetter. I have set the account up but haven't had the time to devote to it. The returns appear good and I think the risk manageable. I will explore more maybe look at a small investment and report back. Meanwhile it would be good to hear of some Australian experiences with P2P. Lot of info on the web but mainly US.
     
  6. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    I first read about P2P lending maybe 2-3 years ago via Mister Money Mustache–loved the concept so I will be watching this thread with great interest.
     
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  7. The Falcon

    The Falcon Well-Known Member

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    P2P is a no brainer.......for the platform operator :) I struggle with the risk / reward analysis as the punter lender however.
     
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  8. DanW

    DanW Well-Known Member

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    Forgetting about loaning money, would you borrow to invest? That's what I'd be interested in..

    Supposedly the benefit for the borrower is lower rates than the big lenders?
     
  9. Grogounet

    Grogounet New Member

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    Has anyone tried it?
     
  10. S0805

    S0805 Well-Known Member

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    I was looking p2p sector earlier this year but was focused more on buying shares in these companies as I could see compare to global market aussie is yet to embrace the ideas. I was keeping close eye on Money place listing but i think they were listed as back door entry. any P2P companies listed on asx??