thought on p2p lending as a investment like Cred mint, 12 percent club, OkNivesh (okcredit) Grip Invest, India P2P etc.
i do not faced any problems with withdrawal and i used Cred mint and 12 percent club
but scared as might be chances there NPA will increased and i might not able to withdraw my whole month
i kept around 8L in cred mint and 3L in 12 percent club
your thoughts?
P2P is a black swan risk. For 2-3% percent extra you risk your entire capital. The risk is mostly unseen because if it materializes, you risk not getting back the principal as well. In short, if you want to invest, be mindful of the allocation. If it goes to 0, you should still be able to survive. Equity imo has a better risk-return trade off
Avoid. I lost money in invoice discounting , 9 lacks via altgraaf platform arzooo deal ur one deal away from loosing ur capital
From personal experience of P2P lending from 4 years ago: Your principal is at risk. The lending apps downplay the risk in asset recovery.
I jave 4 lac in 12 club, pay me around 4 k every month. But I advise not to go beyond 5
p2p is not safe. Financial world is controlled by banks and big institutions. They don't like their turf being invaded. They may be quiet now, but soon it will crash. When it does, there is no fall back options. When bank fails, government will step in as it will have a contagion effect and it also impact voter perspective of the ruling party. When P2P fails, no government will bother as it doesn't impact vote bank. Remember yes bank At1-Bonds fiasco?, The investor lost money. But the saving account holders/FD holders were saved because it was general public. When ever a company uses terms like "tech based", "new age" to define its business..... run... Its a scam in making.
We all are in this together, this too shall pass!
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Hi folks, Noob here I have surplus money laying around in bank and FDs.
Total ~ 19L Bank: 7L (extra didn't account for amount which I will hold in bank) FDs: 12L( This could be an Emergency fund?)
I am thinking to invest around 1lakh on a p2p lending platform with secure interest rate thoughts about 12% club
I have put lots of my liquid money into P2P lending and get 1k daily from cred mint, mobikwik xtra and 12%.
Reason- My bank pays interest which hardly can beat inflation.
Question - Where should I park my liquid money ?
PS - Markets ...
