P2P investments

Discussion in 'Wealth Creation & Management' started by StewyD32, Feb 10, 2020.

  1. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Hi all,
    I was looking at P2P investments to allocate a little towards these to expand and diversity my portfolio.
    Has anyone dealt with La Trobe Financial P2Ps as I am look at these specifically.

    What is the good, bad and ugly of P2P as they are a medium to high risk.

    Any advise would be great.
     
  2. BiteMYshineyMETALcoins

    BiteMYshineyMETALcoins Member

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    I don't know about la trobe, but Ibe used ratesetter for about two years, they give a good return but have a "maintenance" fee of 10% which can be circumvented by just loaning in $10 increments. Unless the loan rate goes above 10%. I haven't paid a cent in fees. I have also received about a 14% roi over those two years, which is roughly equivalent to an 8% increase in purchasing power
     
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  3. BiteMYshineyMETALcoins

    BiteMYshineyMETALcoins Member

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    And about your risk spread, ratesetter has a "contingency fund" which essentially is a bank safety net, the people you loan the money too have t ok pay an extra fee to put towards this fund, the money is used in case of a loan default and paid to the lender to recoup their losses
     
  4. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Hey @BiteMYshineyMETALcoins ,

    Just clarifying the $10 increment comment. Are you saying, you just create multiple $10 "Lending Orders" ?
     

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