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Anonymous

18 Apr 2019

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General Investing

Are P2P platforms (eg. Moolahsense or Funding Societies) a good way to invest my money, sat $200 every month?

Funding Societies MoolahSense P2P Lending

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Gabriel

14 Nov 2018

Undergraduate at National University of Singapore

You can consider using Funding Societies (FS) as they have a pretty good track record of on time repayment and low default rate. You can check out their statistics and our community's experience with FS in the link below.

As for regular investments with FS, you can make use of their Auto-Invest function which allows you to choose the type of loan and amount that you would like to invest. Then when a new loan is available and matches your criteria, funds will be allocated to that loan automatically. You can also choose to opt out of it.

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Can you simply invest in one or a few low cost index funds (ie Vanguard S&P 500), putting in money every month, and hold it all the way until retirement like Warren Buffet recommends?

For investing in P2P like Funding Societies, and looking at the fact sheet, for a beginner, what are the good indicators for me to decide which company I'm going to invest in?

Is it advisable for newbies with no investment experience to try P2P Lending (e.g Funding Societies)? Anyone using the platform can share their experience (returns, default rates)? Able to recover your capital if there is default?

What is the best way to invest in US Index funds (eg S&P500) on a monthly Dollar Cost Average (DCA) basis?

Anybody used Funding Societies P2P lending platform? How are the default rates like, and are the principals + interests likely to be repaid? Is this a good alternative to SSB/SGS?

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