So what's the deal with p2p lending services? Why are they not more popular as a long term holding alternative?
Pros:
>10% or more annual return
>Lended money spread over several lenders for minimal loss rate
Cons:
????
>>1320108
Cons is you have to put your faith in people. It's not some established business entity in the running to make profits, it's some Joe Schmo who failed out of high school economics taking out a loan to pay off his credit card debt. They're idiots, and it's honestly pretty risky.
It pays off if you're very selective and spread your shit out as much as possible, but that's also way more time consuming and less 'exciting' than something like day trading.
Many people just don't see the benefits over the risks. With that being said though, I'm doing it right now and I like it. Planning on tossing more out there when I can.
>>1320176
this
just diversify your funds and you should be ok. be selective too
also, dont invest anything you cant afford to lose.
My experience with p2p has been positive so far
The collective 4-chan subtype that wakes up dreaming of a P2P scam and how to defraud those with cash.
>>1320239
how is p2p a scam? elaborate plz
do you even know what you are talking about?
