1
General P2P Lending Discussion / Re: Mintos P2P lending platform
« on: July 18, 2019, 05:01:45 AM »
Thank you for such an informative review. Can you make such a review about property crowdfunding model?
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
Don't know if everyone noticed this Fed working paper referenced by Peter in his blog post this week.
If not here's the link. Pretty interesting reading. Much better than that very poorly done Fed working paper published then retracted a few months ago.
This final sentence from the abstract got my attention:
"We also find that the portion of LendingClub loans increases in areas where the local economy is not performing well."
Also from the body of the report:
"Interestingly, in columns 3 and 4 of Table 2, the share of LendingClub loans in a local area is positively related to unemployment and negatively related to the home price index and per capita income, indicating LendingClub may gain market share in areas where economic variables indicate a more challenging environment."
https://www.philadelphiafed.org/-/media/research-and-data/publications/working-papers/2018/wp18-13.pdf?mod=djemFinancialRegulationPro&tpl=fr
I am fan of writings of Ben Carlson. I thought his latest blog post sums up very well why we have to invest. John Bogie is channeling Yoda ...Thank you very much for the interesting info! I also think that it is a good idea to invest and find new innovative ways to do it.
You Have to Invest
http://awealthofcommonsense.com/2016/06/you-have-to-invest/QuoteInvestors are constantly bombarded with negatives these days. Everywhere you look there’s someone telling you why you can’t invest in certain asset classes or strategies:Well, you can only control what you can control. I think whatever your view of the world is, you have to invest. You can’t put the money in the mattress and in this day and age of low interest rates, you can’t put it in the money market fund or a bank CD, so invest, you must.....
- You can’t invest in bond substitutes because those investments are far too risky and require something of a chase for yield.
It seems many folks on the forum have been disenchanted with Prosper and Lending Club for various reasons but mainly returns. I continue to invest in these sites but do not allocate any "new" money since my returns have steadily gone down over the past few years.
Most of discretionary income goes towards Real Estate Crowdfunding sites and I have done much better from a return perspective than I do in Consumer loans. It is still early in this genre but patterns are developing and there are clear leaders in the industry.
Please check out my review below................
I'm looking for recommendations for any real estate crowdfunding opportunities to consider, along with an explanation of why the site deserves consideration.Hi there! If you are looking for property crowdfunding platforms, I would suggest Realty Bundles. They have this really interesting idea about investing in properties in different countries around Europe. I do think they bring another level of diversification to investing.
Am looking to diversify (currently invested at LC and Prosper) into real estate.
Thanks in advance and HAPPY NEW YEAR!