6 P2P Lending Mistakes 🛑 How to Avoid Them

[@cryptodanuk]

Having 100% confidence in Bondora,after reading many blogs I withdrawn the money 2 months ago.Keep doing the good job

[@P2PEmpire]

thanks for sharing, did you have any withdrawal issues?

[@cryptodanuk]

@@P2PEmpire None,the money came in 3 sec in Revolut...

[@psychology7616]

So the buyback guarantee isn’t really that safe at all? Could you elaborate on that? Thanks legend

[@P2PEmpire]

It is as safe as the financial performance of the lender. If the loan book quality is bad the buyback is worthless. If the loans were issued by an experienced and established lender who is operating a profitable business (or is part of a profitable group), the buyback can be very reliable. Generally speaking, investors should be cautious about investing in smaller lenders in emerging markets. It's recommended to always research the lenders and not invest blindly into anything as the risk and reward ratio might vary significantly.

[@P2PEmpire]

🙀 What's been your biggest mistake in P2P lending and what have you learned from it?

[@uksoul2001]

investing with Grupeer..learnt not to believe the hype, look in detail at the details and never invest based on the high of a high interest rate.

[@P2PEmpire]

@@uksoul2001 That's a very important lesson and will be definitely of value when investing in other asset classes as well. Thanks for sharing.

[@uksoul2001]

@@P2PEmpire yeah it's useful for other investments. I'm interested in Estateguru after checking out your website. Have you invested in any UK p2p property platforms?

[@P2PEmpire]

@@uksoul2001 No, I haven't. Do you have any experience with UK real estate lending platforms?

[@uksoul2001]

@@P2PEmpire yeah - Proplend, Kufflink , Relendex are the platforms i use.

[@cryptodanuk]

I verified now my Peerberry account,many thanks for the video,I have a bigger exposure on russian loans than on polish ones,I will rebalance today with different automatic investments,thank you. Keeping only Delfin loans in Mintos(500-750 euros) is a good idea? it seems a good loan originator,no problems until now,what do you say?

[@P2PEmpire]

That's a very individual question. I don't have any active investments on Mintos atm. Judging from the frequency of reports and low % of late loans in Mintos' statistics, DelfinGroup seems to be one of the better LOs.

[@goul82]

Why Russian and not polish ? New guy here

[@P2PEmpire]

@@goul82 This concerns the diversification across multiple countries. You don't want to have all your money invested in one lending company or one country. If done correctly, diversification decreases the risk of your investments.

[@goul82]

@@P2PEmpire Thanks a lot. This means that you don't invest with auto invest but manually?

[@P2PEmpire]

@@goul82 No, you can set up individual auto invest portfolios to control the exposure in countries or lending companies.

[@psychology7616]

Also, Mintos and Viainvest have a brokers license now, do you consider them safer than the rest now? (Although there was something that interest rates fell, and the risk of P2P lending wasn’t really worth the upside I’ve heard?+ when there is a crisis, you have most likely lost your money?) thanks for the useful info, I will watch your video’s to see if P2P lending is something I will invest in.

[@P2PEmpire]

kzbin.info/www/bejne/pX2pd6SQfrytn7s here is an explanation of the broker license. Viainvest is a small platform from the VIA SMS Group and while there is occasional cash drag, they managed to fulfill obligations towards investors so far (even during a crisis). Investors on Mintos have to deal with pending payments and funds in recovery. This either decreases the return or the liquidity. Investors on Mintos need to be very picky to make positive returns.

[@TheJohnus]

Can you recommend any Investor groups or Telegramm chats for Estate Guru?

[@P2PEmpire]

I am aware that there's at least one Telegram group but we are not using it as we have access to any relevant info directly from EstateGuru.

[@TheJohnus]

@@P2PEmpire thanks. I'll look out for the group. Good to know, that the Estate Guru lads are helpful in that regard.

[@adriana-jn8ru]

Which site has the lowest fees?

[@P2PEmpire]

PeerBerry, Robocash, Debitum, Afranga are some of the platform with 0 fees

[@adriana-jn8ru]

@@P2PEmpire thanks. which one is good for a beginner?

[@P2PEmpire]

@@adriana-jn8ru Robocash is the most simple one to use. PeerBerry is also suitable for beginners.