Basically my question is in the title -> "Is Peer to Peer Lending a Viable Alternative to the Stock Market?"
But now I'm going to write a bunch of stuff elaborating on this point, as there is a minimum for submission on this subreddit. Please enjoy!
I am wondering, with great curiosity, if anyone here (or there) has tried online peer to peer lending services. I would like to know about your experience. Perhaps, if you were so bold, you may also venture to remark about your return on investments. Of course I do not mean to pry. Simply, I am l seeking for anyone (and everyone) with experience with something like Peerform, Upstart, Funding Circle, Prosper, Payoff, or any other similar platform offering similar services and potential benefits.
More specifically, should I need to clarify, what was your general experience with this investment?
How long have you held this investment?
Were there any major problems?
Were there any surprises?
Were you filled with joy?
Or..
Did this investment break your heart?
And most ever importantly, and not to be forgotten, (as it is the center of the debate) I mean to propose once again and beg your audience and ask with great earnestness,
Is Peer to Peer Lending a Viable Alternative to the Stock Market?
Please feel free to further elaborate by agreeing or very possibly (although I will presume no more likely) disagreeing.
Perhaps we can even get a rousing bout of fisticuffs going here regarding one of the finer points you chance to provide. Of course, I mean this most figuratively. Certainly you are a person of great character and eloquence.
From what I can gather, assess, and understand, it appears that one might very well expect up to an 8% return annually on these such investments -or indeed much more! This sounds a bit far fetched, and quite frankly, dubious to me.
There certainly must be some risk, or pitfalls if you will, that I'm not aware of or fully appreciating. Of course there is always the risk of the borrowers not repaying what was lent to them in the first place. I would think this would be of paramount concern.
So if you have lent using this service, I ask you, has the issue regarding repayment and the potential for delinquency and/or if not down right dereliction of prior obligations, been of such a substantive issue that you, your person, have had to deal with negatively in any magnitude of order or capacity?
Submitted August 30, 2021 at 07:34AM by cariboubuns https://ift.tt/3gMU0c2
