Tradecred vs KredX - 3 years Investing Experience

[@DiteyaYouTube]

Thanks for the update

[@Abhisheksingh-fc7ev]

Which voice over app you have used for this video

[@randomdimes2449]

Descript !

[@adityamomaya593]

did u here about platforms like RIOFIN and FALCON they are promising relatively much higher returns somewhere around 18-25% ???

[@randomdimes2449]

Falcon gives no information about vendor.I have decided to avoid it.Will evaluate Riofin..i am already using leafround for leasing .you can check here randomdimes.com

[@adityamomaya593]

I just enquired about the non disclosure of vendors details to falcon Official they claim that the contract is between the investor and falcon the vendors credit ratings are sufficient to rely upon they (falcon) guarantee the payments irrespective if the vendor has delayed or defaults the payment... What's ur opinion?

[@randomdimes2449]

@@adityamomaya593 i will avoid the platform for now

[@MaheshReddy-05]

@@adityamomaya593 It's been 5 months since you message here, Have you tried falcon if what was you experience

[@bharathwajmohan6131]

Can we also see the guaranteed returns in tradecred? Will the interest and principal amount be automatically credited to my account upon completion of credit period?

[@randomdimes2449]

Interest would be directly paid to account .this does not mean guarantee as there is definitely credit risk..in past default has been zero does not mean things things can't change

[@vijaypole1]

Yes it will be credited.my experience

[@gourangasingha3653]

@@randomdimes2449 invoice discounting are compound interest or simple interest

[@randomdimes2449]

@@gourangasingha3653 hi in some platform like jiraaf irr is mentioned which means compounded annual yield..while in some deals yield is mentioned which is simple interest

[@drspradeeps]

My withdrawal from @TradeCred are being kept on hold in our bank based on a cyberscam complaint against @TradeCred..

[@divyamurthy5099]

What is the interest rate for lenders in KredX?

[@randomdimes2449]

Depends on borrower, tenure etc it's generally between 11-14 percent gross

[@neelamonkar5232]

I have invested in kredx. And everytime they are giving me a new date for repayment. Hope my entire capital is not wiped out

[@randomdimes2449]

this is for which deal? what was the actual maturity?

[@saikatdutta1991]

😭😱

[@investoracademy1452]

Did you get your money back.

[@SaketKumar-k4s]

I have invested around 55 lakh in total in Jiraaf,Grip invest,Kredx

[@SaketKumar-k4s]

All are my fav... definitely they give atleast 8% evenif tds is deducted... and in jiraaf and grip invest... u get some amount every month... it maintains liquidity

[@randomdimes2449]

Great, important is to diversify across not only platform but also deals to avoid risk of any large losss

[@KredxVictims]

I have lost my capital itself with no hope of getting it recovered. Just to make 2-3% extra I have lost all my capital in Kredx. DO NOT INVEST with KREDX or TRADECRED. You'll lose all your earnings in one go after taking so much risk.

[@Rajupatel11675]

YOU CAN DIVERSITY, BUT NEED TO DO RESEARCH ABOUT ALL INVESTMENT PLATFORM. I COULD SUGGEST GRIP INVESTMENT BETTER PLATFORM AS ITS SEBI REGISTER ALSO. AND INVOICE DISCOUNTING, TREDXCRED IS BETTER, AS DEFAULT RATE IS ZERO.

[@milinthakkar8683]

How much tds is cut from earning?

[@randomdimes2449]

Kredx don't cut tds except bira deals as far as I know .tradecred do not cut tds

[@somenathchakraborty2997]

Why are there so many bad reviews about Kredx on the internet? Why Economic Times published that article? Kindly explain.

[@randomdimes2449]

Because of the few default that happened in 2019-20 .same reason I took a break from kredx fora year .i have covered it in blog and video .have started again but only selected deals

[@vikramjethwani-marcom18]

I am waiting for repayment from KREDX past six months, they have defaulted and on top of that they behave very irresponsibly with investors money. Never invest with Kredx.

[@Rajupatel11675]

​@@vikramjethwani-marcom18Bro, what you do is invest in grip investment, your money are safe there. Again, grip investment is safer platform as it's SEBI registered platform. Grip investment is all about leasehold asset. But they allow to invest in bonds also. So search Google or youtube for more information

[@investoracademy1452]

​@@vikramjethwani-marcom18Did you get your money back?

[@vikramjethwani-marcom18]

@@investoracademy1452 No