I have increased the amount of money I have in my lending portfolio. I am being a bit cautious when lending, purely in terms of the platform I select to put my money in.

The loans I have given out in January’20 are rated B+, not the best of categories. They carry moderate risk of defaulting. It is within my risk appetite and definitely worth it for the 20% return I get on my loans.

Money I have lent in P2P as of January’20

wdt_ID Period Total Invested Value ROI%
2 31 Dec 2019 2,731 2,777 1.68
3 31 Jan 2020 27,231 27,325 0.35
4 30 Nov 2019 2,731 2,731 0.00
Period Total Invested Value

Why Cautious when lending

P2P lending has become quite famous of late. In 2018-2019 quite a number of platforms opened up that allowed for individuals like you and I to give out loans to those looking for funds and earn an interest from it.

Problem is it is pretty hard to know which is trustworthy. I January’20 a couple of platforms facilitating such loans shut down triggering a lot of chaos. Turns out, the platforms were putting up bogus projects, getting people to invest in money. A typical scam (similar to HYIPs).

That brings me to the P2P loans I have given out. I have stuck with one platform, Mintos. I am not planning to diversify at the moment. Nor am I being rash and putting all my money into Mintos. So far, Mintos has proven trustworthy and reliable. I will keep you updated on what happens.

Breakdown of Investments in P2P platforms

Platform wdt_ID Period Total Invested Value ROI%
Mintos 2 31 Dec 2019 2,731 2,777 1.68
Mintos 3 31 Jan 2020 27,231 27,325 0.35
Mintos 4 30 Nov 2019 2,731 2,731 0.00
Platform Period Total Invested Value

All updates for the month of December’19:

P2P lending updates - January'20 Cautious when lending

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