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Can You Make Money With Peer-to-Peer lending? | Is It a Good Investment?

Our Rich Journey 80 views

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Comment from : @OurRichJourney

I'm averaging 5 default rate so for those considering it, it can work I do hand-pick my loans Which is more time-consuming but it's what I am comfortable with Stick to your numbers If the loan meets my criteria I lend And if there are no loans meeting the criteria I don't lend Stay disciplined and you be fine It's not a get-rich-quick thing but it has been steady and growing better than my other more traditional investments So for me it's worth the time investment
Comment from : @Invisibleaccordingtoyou

Hw to invest p2p mam?
Comment from : @NormanMallanao

much appreciated
Comment from : @jamestirusmuthii8946

Great video
Comment from : @thecramptons

Is this for uk
Comment from : @shannybeautifulchannel2410

GREAT INFO
Comment from : @MontysRoomStudios

Thank you that was very informative! very well thought out and executed I've learned everything I need to know about peer-to-peer lending in that 16 minute video and I definitely will be keeping my money in stocks, high yielding bonds & CD's instead of that peer-to-peer
Comment from : @augimusicdotcom484

defaulting should be a crime mate they just steal from you
Comment from : @daveyhavik2689

enjoy utopia p2p ecosystem
Comment from : @anthonyschultz1617

There's one other risk that you failed to mention: the risk that the loan is paid back in full too soon That cuts into the investor's return
Comment from : @dannylengyel5830

Awesome thank you for the info 😊
Comment from : @phillip4391

Dividend stocks and preferred stocks are much safer investments Money market funds are good as well
Comment from : @asphaltandtacos

Thanks for your honest opinion!
Comment from : @KhemistryIBMOR

thumbnail 25
Comment from : @samisilverman7272

Great info! Thank you
Comment from : @berg6964

Prosper claims your money is fdic insured through Wells Fargo bank
Comment from : @TicketLizard

I am staying away from this type of investment given the recent interest rate environment Closed end funds can have attractive yields while being highly liquid The biggest downside would be the fees
Comment from : @asphaltandtacos

🙂🙃😀😃😇 thank yall
Comment from : @rwellz8067

Hopefully you are not still holding those index funds :)
Comment from : @Jnf458

ETF and index funds aren't doing too well in q3 2022
Comment from : @jeradkiester698

I am looking at Ground Floor as the loans are secured by real estate The downside is that you do not get interest until the loan is paid in full The upside is that you can fund multiple loans across different credit risks I prefer to invest in secured loans Oh, there are no fees with this platform from what I understand I appreciate your thoughts on this type of investing
Comment from : @asphaltandtacos

Thank you for the helpful video I am new to learning about P2P investing It seems like the risk of default would be very, very high What are the consequences to a borrower when they default? If I lend out $1,000, what stops the borrower from just disappearing?
Comment from : @rogsolaris7411

I agree! I am losing money on SoloFunds
Comment from : @robinmazariegos1

WOW 😲 Thanks for THIS Video 😳 So NO P2P 4ME!!!!
Comment from : @DDD-um5co

SOooo 🤔 Hmm 🧐 Is There a Peer-2-Peer Platform That Is Secure 🔐 & LOW To ZERO Fees as Though It's a Partnership of Peer-To-Peer Lending 🧐🔐🤔 Hmm, Is Their???
Comment from : @DDD-um5co

Currently have 2 years worth of time on Prosper providing loans of $25 max per person, your risk is minimized by spreading out your loans with small amounts per loan, I have 500 loans currently and have had 15-16 returns annually even after taking losses of 2-3 from defaults I don't see many Prosper users commenting here, would be great to hear from actual Prosper users more Prosper has helped me diversify my investments and it is quite stable compared to the stock market, I'm still today getting 15 while the stock market is getting hammered in 2022
Comment from : @seanc4495

What platforms do you recommend?
Comment from : @Nikkivail

I had 10k invested in lending club and was making about 5 per year I liked that it was not really correlated to the S&P
Comment from : @greggin6202

I think that peer-to-peer lending sharing community concept already registered and its intellectual rights for (myshift-softajah non-profit corporation)???
Comment from : @my-shiftsoftajah2343

Somehow I’m a year in with no defaults or late payments (80 of my p2p investments are in the higher risk ratings) I’ve been getting around 15 But I also go over the borrowers stats first and won’t invest if their debt to income is to high
Comment from : @chriscooper339

Hi brand new sub here i work at a min wage job and don't have good credit myself What is the application like to become a lender? What do they ask? Do you think the issues I just mentioned will get my application rejected? The whole thing sounds risky but I'm weighing my options and just learning about these things so I'm wondering if they would even let me be a lender Thanks!
Comment from : @crystalm2460

Great explanations! Excellent video Very good presentation style and language used, clear speaking, good pausing, good phrasing
Comment from : @Marketplacere

Good It is not for me either
Comment from : @gdt741

Thanks Guys!! Y'all made my decision about P2P lending easy "Which is No by the way"
Comment from : @1Billyon

Very informative Thank you!
Comment from : @stephanieladang2870

I found a black owned real estate company doing something similar (community based peer to peer lending) with a return of 20 (1 yr) - all documents official and reviewed by my financial advisor I like this concept better than P2P lending sites because it feels a bit more personal
Comment from : @DeepSleepRhythms

Great video guys
Comment from : @kalvarado6237

I love the honesty Please keep keeping it real
Comment from : @angier5635

What about lending out to excellent credit borrowers with lower ROI?
Comment from : @Imran-Lalani

how do i invest in index funds and etf that i can get the money paid out to me monthly and that i don't have to wait until i'm old to collect the money ?
Comment from : @bfavreforprez

Thanks guys, you rock!
Comment from : @valdazzar

This was really helpful to determine my decision on P2P You mention some cons that I didn't think about I have learned so much from you guys Many Thanks!
Comment from : @spicycopper2436

I would really like to hear your opinion on REIT platforms, such as Fundrise
Comment from : @Nortexblasting

Thanks May work for some but it didn't work for me
Comment from : @traceyking7299

Bitcoin is the future ,investing in it now is the wisest thing to do now especially the current rise brDespite all the economic crisis this is the right time to start up an investment
Comment from : @williameve5654

Hi I bought a house a year ago and I was not planning on selling it but I have an offer My profit will be around $100,000 What should I do?
Comment from : @dinagomes9334

2020 was all about survival with many achievements, but you have to be ready for 2021 and it begins right now by making a move to achieve your goals
Comment from : @Michaelsbrownie

Nice content
Comment from : @jaddenoxford6027

We needed YOUR intelligent, clear, trustworthy education on P2P! Thank you!!!
Comment from : @ozdoits

Thanks again for this great video Very useful information!
Comment from : @winniecarmo4480

Hey guys, br Thank you! You guys are such an inspiration! My sister and I our goal is to have 320k in 12 years to buy homeswe have about 800 a month to investright now we are only in mutual funds: Fidelity Blue chip Buffalo small capFidelity Blue chip seems to be investing in the same as your investing *(Facebook, google,ect)what should we do from herethinking about doing exactly what you guys did thoughbr(I know you guys aren't financial advisors, and will not hold you responsible for my decisions, I just need help)
Comment from : @drswish629

I tried investing an even 1k on Lending Club, and I picked the majority of low-risk loans (A rank) they called them, and 4 of them defaulted, so in 2 years, I made a 065 return I don't suggest using Lending club at all their loan vetting is horrible (Summary I earned 065 interest in 2 years with lending club it's trash!)
Comment from : @that1redhairedguy

Thank you! You guys saved me for taking the risk!
Comment from : @mranonymous3103

Interesting vid - i invest in UK real estate P2P platforms and have benefited considerably by the returns Key to reducing risk is DUE DILIGENCE on the platform and the loan you will invest in Very easy way to make money once you know the risks and how to manage them
Comment from : @uksoul2001

Hi, your content is so honest & solidbrIf possible can you do one viedo only About ETF,s portfoliobrLike how many & which types category ETF should need in portfoliobrOnce again thanks you for share your knowledge
Comment from : @someonelikedyou4363

I earned an annual rate of return of 124 since 2009 with Lending Club Unfortunately, they bought a bank and went traditional, so they ride is over now I doubt I'll join another, as their system was pretty good
Comment from : @jverburg78

Hi I have a question I invested in fidelity brAnd now even with the stock markets are getting records high but the multifunds are going down why is this happening ?
Comment from : @RaquelSoares24

I have always been interested in this, but was a little scared to get into it Thank y'all for giving such a thorough review
Comment from : @cameronword

Thank you for all your advises
Comment from : @joelgil7109

Do a video on roofstock
Comment from : @crownsofseven0281

How do I create a Total Stock Market index fund Portfolio or is the portfolio 100 percent total stock market Can I do that? Is it safe?
Comment from : @GnosticCushite

Lot of cons
Comment from : @aparadaeessa

BAD investment!
Comment from : @dalefixter

I had no idea this type of lending existed You guys are always keeping our financial knowledge growing Thanks for all the info as always!
Comment from : @theluxuryvagabond

ANOTHER AMAZING VIDEO FIRE FAMILYSMASHING THAT LIKE!
Comment from : @GloryInvestingShow

This is interesting Thank you for sharing I didn't know this existed! Lol
Comment from : @AshleySkyflier

Why you guys don't talk about BITCOIN? i have FIRE just from Binance alone
Comment from : @moneymachinegun3446

It’s not investing is it? It’s gambling Nope! Not for me!brbrGreat video as usual guys!
Comment from : @sarahhicks3971

The possibility of the borrower defaulting and not being FDIC insured is a deal breaker for me personally I would feel much better about getting "guaranteed" (over the long term) returns on my stock investment than it potentially just dropping down to 0 with absolutely no chance of getting it back
Comment from : @Hayashirice911

I am my husband are in love with your channel, we got started investing just last year and we have already paid off our mortgage
Comment from : @brittanymyers780

Amazing video as always! 🙏🏼Please do a real estate crowdfunding (like Fundrise) video next please!
Comment from : @mealson9876

P2P Lending is too risky It’s a No for me🙅🏾‍♀️ I’ll stick with investing in index funds🤣
Comment from : @TIRATalksFinancialPlanning

Could you do a video about best bank accounts for Americans living abroad?
Comment from : @adavid2548

Spot on analysis on p to p lending sites I was a credit manager for bank for 20 years and I can tell you they don’t give you enough information to make a good risk decision even if you know how to access this type of risk I invested in one of the big names early and only risk small investment Lost far more than I made and I know what I am doing I really question the lending sites stated default rates The big red flag is the fact that these borrowers are coming to this site because if they could not borrow at a bank Don’t you think they would go to a traditional bank with even cheaper rates if they could In my 20 years of making risk decisions if a borrower was turned down by another bank that was a big red flag The lending sites have zero risk, they are just a medium for this exchange they don’t lose any money if the loan goes bad There are far less risky things to put your money in to get similar returns
Comment from : @bluesunproductions9079

YOU GUYS HAVE TAUGHT ME MORE THAN COLLEGE!! Love when I get a notification from our rich journey !
Comment from : @David-ls2et

As usual - great video 👍🏾
Comment from : @MacandBlair

Too risky - no thanks! 🇺🇸
Comment from : @desidog4169

Thanks guys , great info! Hoping to visit Portugal next year I would love to see information on how to become an accredited investor
Comment from : @spyhunter66

bHey Rich Journey, I just turned 43, and I’ve decided to invest in the financial market, I have over $200k invested, I need tips on how to grow that’s to $15million in two years and retire at 45/b
Comment from : @connorbella6915

Peer-to-Peer is a hard pass from me Dawg! Thanks for the groovy videos!
Comment from : @ATaylor369

🔴 Did you say LOSE & ALL in the same sentence ??? Any P2P Millionaires? I think it's the guy collecting the fees/MR(MS) PROSPER😂 😂 😂 Thanks for sharing guys You really are here to help❤️
Comment from : @cann9155

You guys are amazing! I wish I understood about investment to join the journey!!! Keep up the good work!💕🙏
Comment from : @sandymonteiro2719

So much cons why would I do it 🤔?! Not sure 😁
Comment from : @sandymonteiro2719

Never heard of peer to peer lendingAnother excellent video! 😉 That will be a big fat no for me too! 🙃
Comment from : @tonibarrett8809

It’s good to see you guys talk about P2P lending, but I have always been very skeptical of this as an investment vehicle It is very economy dependent and it is not a tax-advantageous way to invest I’m very risk averse and lack trust in strangers (and the typical person who takes out a peer to peer loan) so this also is a negative toward this type of investment
Comment from : @brians2733

Banks are gonna be 🤬
Comment from : @RRR-jd2oy

I find it best to not directly capitalize on others that's just me People are going to find a way to get money for stuff they can't afford wether you or I lend it or not If you can live with itone small step away from opening a payday lender shop
Comment from : @eventstephen

Every time I watch your videos I learn! Thank you! It’s not for me, I’ll stick with VTI and VTSAX!
Comment from : @julietyler4639

Wow! You two are up on everything! So impressive! I’ve always done this through KIVA I invest in woman owned food based businesses, in underserved countries But never more than I can afford to lose Kiva is more like a charitable site I agree with your assessment of p2p lending for investment purposes Think I will pass 😐brbrPurchased my ticket for Lisbon in October! Things are getting real over here, in Chicago! Thanks for another great video! ☮️
Comment from : @laurar9748