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Anonymous
Hello. The year 2020 has been a tough one. My portfolio for P2P lending hasn't been doing great. In fact, I am looking at a 60% loss. Was wondering what is the experience with the rest of you out there.
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HC Tang
28 Jan 2021
Financial Enthusiast, Budgeting at The Society
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Waiting next month to collect last principle amount (hopefully they pay), after then close shop. If retrieve, net profit will be 6% over 3 years. And byebye p2p. Scare liao.
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Up 3.33% in Brdge (Seedin), no defaults/late repayment till now (fingers crossed). Have 3 loans with...
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For P2P Only invested in FS years ago since they started, most of it suddenly burn in early 2019, weirdly. Total lost is 8.64%.
I ask around mostly burn in their P2P since 2019.
Cut it off totally in 2019 when i don't find the loan approval reliable anymore since there's a series of more than 8 to 10 loans defaulted.
Cut lost earlier and earn it later elsewhere. P2P on SME is way to risky even before Covid-19, after Covid-19, no more rooms for that and more and more will only go default.