Investing in P2P - risks, platforms, alternatives
I was invited to do a presentation about P2P to Lithuanian investor community. Their announcement is here.
They also agreed to share recording of it, so if anyone prefers video to reading, here is my attempt to do a 30min intro to P2P investing:
00:00 About me
01:20 General risks
06:50 Safe way to invest in P2P
07:36 Failed P2P platforms
11:26 Investing in camels
12:24 Mintos failures
13:57 P2P bloggers
15:42 Questionable P2P platforms
24:50 P2P platforms to consider
27:30 Alternative to P2P
Note that recording was done on Feb 10th and I mentioned in the video 4 Mintos loan originators that I consider to be OK, and one day later there were some news about 1 of them, specifically Sun Finance operations in Denmark.
Platforms to consider
P2P is speculation at best, donation at worst. Don't expect safety or any real guarantees.
Some P2P platforms have failed, but many more to come.
If you are considering to invest larger amounts, consider bonds as an alternative.