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Author Topic: Peer to Peer investing  (Read 5272 times)

Rooftop

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Peer to Peer investing
« on: March 03, 2013, 09:27:01 AM »
"excess money" has never been a problem to trouble me much in the past. However I'm getting periods of having funds either sat in the company or in my account and think it should be working harder than it is.

Peer to peer lending (and peer to business lending) seems interesting to me: Manageable risk, reasonable returns, very little time overhead.  Does anyone have first hand experience with these? 

I'm particularly looking at the likes of FundingCircle, thinCats and Zopa.
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werty

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Re: Peer to Peer investing
« Reply #1 on: March 06, 2013, 07:55:15 PM »
I have used prosper.com and got 2.46% returns after a few delinquent accounts.

It seemed pretty neat to me a few years ago, but I think it was sort of shady when the "housing crisis" happened.

So what I thought would be like 6-7% return ended up being about the same as what the banks gave at the time.

I am testing it again since my money is making like .1% in some other accounts. I would imagine they made their screening process better, but not sure. I have put the min $25 per loan to as many as I can to diversify the risk. I am interested to see how it plays out this time.

I think investing in websites is a better return, but obviously a lot more work.
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