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Investment P2P financing, A place to talk about P2P financing

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jack2
post Nov 17 2019, 12:08 AM

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QUOTE(ratloverice @ Nov 17 2019, 12:02 AM)
Yeah, on two platforms.
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Easy to get approval or not?
ratloverice
post Nov 17 2019, 12:12 AM

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QUOTE(jack2 @ Nov 17 2019, 12:08 AM)
Easy to get approval or not?
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My business is doing quite well so the process wasn’t too tough to me. I don’t recommend you going for FS Bolt though. 18% pa.
jack2
post Nov 17 2019, 12:14 AM

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QUOTE(ratloverice @ Nov 17 2019, 12:12 AM)
My business is doing quite well so the process wasn’t too tough to me. I don’t recommend you going for FS Bolt though. 18% pa.
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Like cc
ratloverice
post Nov 17 2019, 12:27 AM

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QUOTE(jack2 @ Nov 17 2019, 12:14 AM)
Like cc
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Yeah. FZ’s rate for my loan is 12.08% pa. Quite high also.
Liew2
post Nov 19 2019, 05:41 PM

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QUOTE(ratloverice @ Nov 17 2019, 12:27 AM)
Yeah. FZ’s rate for my loan is 12.08% pa. Quite high also.
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yes from your point of view as an issuer 12% p.a is high...really understand ...but what options you have as a SME? if banks reject you? in the old days you go to loan shark they charge 7-10% mer month, devil.gif
so now the alternative is P2P finance, as an investor, I prefer to invest in notes from 13-16% p.a, everything below I am not interested.
-CoupeFanatic-
post Nov 20 2019, 08:50 AM

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QUOTE(Liew2 @ Nov 19 2019, 05:41 PM)
yes from your point of view as an issuer 12% p.a is high...really understand ...but what options you have as a SME? if banks reject you? in the old days you go to loan shark they charge 7-10% mer month, devil.gif
so now the alternative is P2P finance, as an investor, I prefer to invest in notes from 13-16% p.a, everything below I am not interested.
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wow risk taker, 18% one u dare or not?
Liew2
post Nov 20 2019, 11:29 AM

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QUOTE(-CoupeFanatic- @ Nov 20 2019, 08:50 AM)
wow risk taker, 18% one u dare or not?
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oh no..its not about risk, my risk investments are higher ..but also total lost rclxm9.gif , futures and margin trading..ha ha..but coming to SME financing I think asking more than 16%p.a interest rate its not appropiate...no proper business should come to such a situation..
however think FS is the only platform who go up to 18%, I do not invest there anymore!!
-CoupeFanatic-
post Nov 20 2019, 11:34 AM

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QUOTE(Liew2 @ Nov 20 2019, 11:29 AM)
oh no..its not about risk, my risk investments are higher ..but also total lost rclxm9.gif  , futures and margin trading..ha ha..but coming to SME financing I think asking more than 16%p.a interest rate its not appropiate...no proper business should come to such a situation..
however think FS is the only platform who go up to 18%, I do not invest there anymore!!
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I see, which platform are you putting your money in then?
Liew2
post Nov 20 2019, 11:53 AM

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QUOTE(-CoupeFanatic- @ Nov 20 2019, 11:34 AM)
I see, which platform are you putting your money in then?
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I invest on all platforms in the beginning to test them, but now I only invest on Alixco P2P Financing https://www.alixco.com/, most of the notes there are short term, 2-6 months so my money not stuck so long,
WhitE LighteR
post Nov 20 2019, 11:56 AM

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QUOTE(Liew2 @ Nov 20 2019, 11:29 AM)
oh no..its not about risk, my risk investments are higher ..but also total lost rclxm9.gif  , futures and margin trading..ha ha..but coming to SME financing I think asking more than 16%p.a interest rate its not appropiate...no proper business should come to such a situation..
however think FS is the only platform who go up to 18%, I do not invest there anymore!!
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I suggest you to invest something with a lower risk. It's important to not make constant loss in investing. You need focus to make overall gain each year beating whatever benchmark you aim for.
-CoupeFanatic-
post Nov 20 2019, 12:03 PM

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still feel FS is the least risky compared to others.
skl097
post Nov 20 2019, 02:24 PM

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my experience in P2P
fundaztic - diversify into 139 notes however the default notes is very high.... write off and default more than 15%.... 8 notes default & 18 notes write off...
B2B finpal - initial is very good... however the system cannot control in exposure... therefore will cause heavy invest in 1 or 2 issuer.... this 2 issuer default and now is making more than 1k loss...
FSMY - overall is good... diversify more than 100 notes... on going note is more than 100.... recently more notes defaults... even somemore already restructure but still default again after restructure.... now the profit is very tiny.... invest 9k in 1 year the return after default is only RM300... and more default expect coming soon
Alixco - So far so good... recently they reduce the minimum investment to RM200.. it is a good move... so far all issuer prompt repayment....
alcibald
post Nov 20 2019, 03:07 PM

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I really think FZ is horrible. Although I've only tried FS and FZ. And FZ's CS team sucks in terms of their reply, information available on notes and features to help investors.
chelsealow P
post Nov 21 2019, 11:45 AM

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I'm new to p2p investment and got to hear about Fundaztic after SmartInvest Fest.. I heard about the Principal Protect feature. Does anyone know more information about Principal Protect ??
ChocoChipz
post Nov 21 2019, 02:21 PM

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QUOTE(chelsealow @ Nov 21 2019, 11:45 AM)
I'm new to p2p investment and got to hear about Fundaztic after SmartInvest Fest.. I heard about the Principal Protect feature. Does anyone know more information about Principal Protect ??
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Stay...away...from...FZ. Stay far far away.
WhitE LighteR
post Nov 21 2019, 05:24 PM

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Better yet, just stay away from p2p
Liew2
post Nov 22 2019, 12:27 AM

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QUOTE(WhitE LighteR @ Nov 21 2019, 05:24 PM)
Better yet, just stay away from p2p
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yes, there are not enough deals for all of us dry.gif
ChocoChipz
post Nov 22 2019, 08:43 AM

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QUOTE(Liew2 @ Nov 22 2019, 12:27 AM)
yes, there are not enough deals for all of us  dry.gif
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May the fastest fingers win icon_idea.gif
volaxe
post Nov 23 2019, 02:12 PM

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QUOTE(WhitE LighteR @ Nov 21 2019, 05:24 PM)
Better yet, just stay away from p2p
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FSMY, 130+ Notes, 9% Default
FZ, 23 notes, 7% Dafault

At first my allowance was 5% default hehehe, how naive rclxms.gif
inquiries
post Nov 23 2019, 04:38 PM

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Those are really really high default rate. 9%! and on top of that, we need to pay tax for whatever earning we have from P2P

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