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> P2P financing, A place to talk about P2P financing (Investment)

wan7075
post Oct 19 2017, 05:17 PM

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QUOTE(wizardofoz @ Oct 16 2017, 04:09 PM)
The SME default rate for Funding Socieities is 1.6% as stated on their website. Does anybody know the SME default rate for Fundaztic?
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if the company default, then how about our money? burnt all?
tq
#Victor
post Oct 19 2017, 05:23 PM

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QUOTE(cHaRsIeWpAu^^ @ Oct 19 2017, 05:05 PM)
used yours. brows.gif  icon_idea.gif
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Thanks and welcome to the club rclxm9.gif

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CE|C93
post Oct 20 2017, 09:05 AM

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Let's talk about tax issue.

How do I calculate the taxable income portion?
wizardofoz
post Oct 20 2017, 09:32 AM

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QUOTE(wan7075 @ Oct 19 2017, 05:17 PM)
if the company default, then how about our money? burnt all?
tq
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If the SME/Issuer defaulted in monthly repayments, the platform operator will use all means available within the legal framework (including appointing 3rd party debt collection agencies) to collect the outstanding amounts. If this also fails, the risk to investors is that your monthly repayments will stop and it is difficult to recover them. Anything that has already been repaid to you monthly is yours of course, but the balance outstanding is lost. Hence, it is advisable to spread out your investments into multiple SME/Issuers to diversify the risk of default of any single SME/Issuer.
wan7075
post Oct 20 2017, 12:38 PM

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QUOTE(wizardofoz @ Oct 20 2017, 09:32 AM)
If the SME/Issuer defaulted in monthly repayments, the platform operator will use all means available within the legal framework (including appointing 3rd party debt collection agencies) to collect the outstanding amounts. If this also fails, the risk to investors is that your monthly repayments will stop and it is difficult to recover them. Anything that has already been repaid to you monthly is yours of course, but the balance outstanding is lost. Hence, it is advisable to spread out your investments into multiple SME/Issuers to diversify the risk of default of any single SME/Issuer.
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thanks for the explanation... I will think again before joined it.
Still there is risk there.
tsi_sam888
post Oct 21 2017, 08:03 PM

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so what p2p are u all using? funding society? i wanna join also
2387581
post Oct 21 2017, 10:36 PM

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QUOTE(tsi_sam888 @ Oct 21 2017, 08:03 PM)
so what p2p are u all using? funding society? i wanna join also
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I use funding societies...money not enough to open many accounts sweat.gif
apathen
post Oct 21 2017, 10:44 PM

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QUOTE(2387581 @ Oct 21 2017, 10:36 PM)
I use funding societies...money not enough to open many accounts  sweat.gif
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they need minimum 1k deposit to be activated and each opportunities minimum investment require is 100, how can not enough for more than one?

2387581
post Oct 22 2017, 08:15 AM

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QUOTE(apathen @ Oct 21 2017, 10:44 PM)
they need minimum 1k deposit to be activated and each opportunities minimum investment require is 100, how can not enough for more than one?
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I have other instruments which I like to inject more funds than p2p...like the stock market and funds.
apathen
post Oct 22 2017, 02:29 PM

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QUOTE(2387581 @ Oct 22 2017, 08:15 AM)
I have other instruments which I like to inject more funds than p2p...like the stock market and funds.
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but then you said you using funding societies? just register a user name, no funding no invest not consider using.

This post has been edited by apathen: Oct 22 2017, 02:30 PM
2387581
post Oct 22 2017, 03:54 PM

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QUOTE(apathen @ Oct 22 2017, 02:29 PM)
but then you said you using funding societies? just register a user name, no funding no invest not consider using.
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Have you heard of diversification?
It means instead of putting all eggs in one basket, you can have a few baskets of eggs, so the risk of all basket failing and all eggs broken are lower.
I diversify my personal investments across different instruments.
Some in UT, some in stocks directly, some in this p2p.
I am using funding societies with some funds in it, but it have an overall lowest % of my portfolio compared to UT and stock.
tsi_sam888
post Oct 22 2017, 04:51 PM

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whats' UT?
CE|C93
post Oct 22 2017, 06:26 PM

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QUOTE(tsi_sam888 @ Oct 22 2017, 04:51 PM)
whats' UT?
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Unit Trusts
wyyew
post Oct 24 2017, 02:22 PM

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QUOTE(#Victor @ Oct 16 2017, 12:34 PM)
Business Term Financing: MBBT-17100014

Industry    :  Wholesale Trade
Funding amount  :  RM 1,000,000
Tenor  :  1 month
Simple interest rate p.a.  :  10.8% p.a.
Effective interest rate p.a.  :  10.8% p.a.
Minimum investment amount  :  RM 100
Date / Time Crowdfunding  :  16/10/17, 4pm
Service fee    :  15% on interest amount
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hi ,

can i know how it works if invest on this for example RM100 invested , but the service fees is 15% ?

thank for sharing



2387581
post Oct 24 2017, 02:33 PM

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QUOTE(wyyew @ Oct 24 2017, 02:22 PM)
hi ,

can i know how it works if invest on this for example RM100 invested , but the service fees is 15% ?

thank for sharing
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I think
1 month tenure @ 10.5% PA = 0.9%
invested RM100
interest earned RM0.90
minus 15% service fee -RM0.13
actual received RM0.77
wyyew
post Oct 24 2017, 02:38 PM

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QUOTE(2387581 @ Oct 24 2017, 02:33 PM)
I think
1 month tenure @ 10.5% PA = 0.9%
invested RM100
interest earned RM0.90
minus 15% service fee -RM0.13
actual received RM0.77
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oh i see. get the picture of it . thank you
#Victor
post Oct 24 2017, 03:56 PM

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Hi sifus, normally how many days to activate FS account after submit signed SA hard copy? I can see Investment Opportunities after logged-in my account which does not appear before I submit the SA but seems not able to perform any action.
It has been 2 weeks since I submitted my SA, but I see other mentioning theirs got activated within 3-5 days. I messaged FS operator few days ago and was told escrow agents are conducting their due diligence and will activate my account as soon as possible.
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tsi_sam888
post Oct 24 2017, 08:29 PM

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QUOTE(CE|C93 @ Oct 22 2017, 06:26 PM)
Unit Trusts
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i see.. thanks
#Victor
post Nov 8 2017, 12:13 PM

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Invoice Financing: MBIF-17110001
Industry : Manufacturing
Funding amount : RM 60,000
Tenor : 3 months
Simple interest rate p.a. : 12% p.a.
Repayment : Single repayment upon maturity
Min investment amount : RM 100
Date / Time Crowdfunding : 8/11/17, 4pm
Service fee : 15% on interest amount

Invoice Financing: MBIF-17110002
Industry : Construction
Funding amount : RM 500,000
Tenor : 2 months
Simple interest rate p.a. : 14% p.a.
Repayment : Single repayment upon maturity
Min investment amount : RM 100
Date / Time Crowdfunding : 8/11/17, 4pm
Service fee : 15% on interest amount
kingz113
post Nov 9 2017, 11:08 AM

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how much do you guys invest each time in each company? don't want to overdo it considering the inherent risks. RM1k each company each time reasonable?

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