Does anyone have experience in P2P investing? I am looking to diversify my portfolio. Will P2P lending be a good choice?

I'm keen to know as well

Platforms such as Moolahsense and Funding Societies have settings to allow users to choose sectors and maximum lending amounts. It holds significance as returns can be as high as 8 per cent per annum.

I think P2P is a good choice.

Though is a high risk, but I find it a good alternative that is easy and fuss free (with funding society FS mobile apps).

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Duration: Started about a year ago

Total Investment: Put in 1k then added 2k, After receiving my principal back, I'll use it to re-invest back to other loans.

Product Type: it has 3 types: (1) Term Loans (2) Invoice investing (3) Property Backed.

Tenure; Shortest about 30 or 45 days to 1 year tenure.

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How to invest: With FS, it will send 1 to 3 emails few times a week about a loan, we just use the auto bot setting to invest (based on round roulette methods determine by the company's algorithm, everyone take turns). So after receiving the email, I'll check my FS app, see how much I got allocated, or not being allocate at all. Calculate the interest to see if i'm keen, check the loan type / tenure / risk, then decide if I want to continue or op out.

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Succes Rate: 100% (Never had a loan defaulted on me but does encounter delayed payment, with additional interest! So it's a bonus!)

Returns: 2.35% so far.

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P/S: P2P loan is still rated as High risk, but I think it's quite alright if we only limit to a small amount that has no harm losing in the worst case scenario, such as 1 to 3k. It is a good experience and learning point also!

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Maybe some day it will be even more profitable. For the time being, it is still a small nice to have investment tools.

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Read about my review here: https://seedly.sg/reviews/p2p-lending/funding-s...

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And others:

https://seedly.sg/reviews/p2p-lending

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Cheers!

It's a good choice. Head over to the review sections to gather more views on P2P. Personally, I'll look at the financials on loans and decide whether to invest in that issue. Favour invoice financing over business term financing due to most BTF usage are working capital and I regard it as risker.