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YP Ong

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YP Ong

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YP Ong

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Funding Societies

Investments

YP Ong
YP Ong
Level 2. Rookie
Answered on 12 Feb 2019
About half of my investments in Moolahsense are lost ($15-20k) through defaults and subsequent bankruptcy of the companies taking the loan. And most of these come with personal guarantees from the owner/directors which are useless... Invest at your own risk

Investments

YP Ong
YP Ong
Level 2. Rookie
Answered on 22 Aug 2018
Avoid crowdfunding platforms. They promise high returns up to 18% pa but default rates are high too. Companies which you lend money to are often cashflow strapped and you have a high chance of losing your money.
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