@tckw93 interesting. how does one invest in the china p2p market? last i heard the investment process for foreigners and non residents is almost impossible unless u are a high net worth investor willing to put in millions
@horkh Yes you are right, it may be true that this forum is owned by FS, and that they may have full control on that content is being published or discussed here.
Hence, while our discussions here may be moderated to a certain extend, we should also put in some effort in discussing important topics outside of this forum.
In light of the above, this is what I would like to say to all stakeholders:
This is not intended to share sensitive information or cause harm of any form to any party, it is merely to protect the interest of investors. We as investors value very much on this 1 element, which is transparency. This is not to say that FS has not done a good job in this area, they have provided us a great deal of information through their factsheets.
With that said, here are a couple of links that may be of help to those who intend to discuss matters which may or may not be allowed to discuss here.
However, keep in mind that everyone should have a common sense to which the information are shared, kindly refrain from sharing information in a public group that are deemed to be private, those information should only be circulating within a private group.
NOTE: the above links provided are PUBLIC information and can be searched by anyone with an internet connection, and are not affiliated with me in any way or form.
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25th May 2019, Saturday
9am to 12.30pm
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Hey Chee Wai,
I would like to ask if it’s possible to transfer money to and from my broker in the US (Interactive Brokers). I see that some folks have also asked the same question below and would like to know if Instarem has got it enabled. Thanks you!
End of Apr status snapshot
FS MY - default dropped to SGD 286.09 (MYR 829.66). -> IMPROVING
FS SG - first default. Amount is SGD 206.68 from 2 borrowers. -> WORSENING
One borrower - 5665 has multiple notes and so far, 1 note has been listed as 'Default'. 3 other notes currently being classified as 'Miss'. Highly likely will turn into 'Default' and push the default sum to SGD 414.93.
Total accumulated profit is SGD 484 after 14 months. If default sum reach SGD 414, almost all profit will be gone.
For e-wallets, I prefer to use BigPay as topping up and withdrawal process is easy. You can withdraw the cash from any ATM machine that accepts Mastercard. So far I have not been restricted with a maximum amount yet as I have not tried using the card for investment purposes. Til to date, I have already tried making larger payments like flight tickets and insurance premium using the card with no problem. I just hope that one day we could use e-wallets to top up investments (like FS or FSM). It will attract greater interest in e-wallets.
Thank you @tckw93 and @Cassandra-Tho for the contributions! :) Have included your factors within the list;
Compiling the following table to gather & continue populating everyone's views on factors important to them:
Factors in choosing a P2P platform?
Yay-sayers (it's important)
Nay-sayers (it's not important)
Other sub-factors to think about, relevant quotes from others in the community
Yield / Returns
What are my absolute returns / annualised portfolio returns / returns after deducting fees and taxes/ internal rate of return / returns after fees and tax have been deducted? @tckw93: "I think this much is obvious. Everyone is trying to get the best investment yield for their investment right?"
Opportunities & extent of diversification
What's the minimum investment required for each loan? Can I successfully spread risk across businesses and industries, vis-a-vis my total portfolio?
Length of loan tenors, @tckw93: "Not just ease of withdrawal but also the speed of it."
Minimum funding amount / barrier to entry / ease in trialing a platform
What's the minimum investment required to start an account? Am I able to test it out with the platform in small amounts before deciding my next steps?
Due diligence conducted by platform
How does the platform assess borrowers? Is the platform registered with and regulated by government bodies (MAS/SC/OJK), along with its process and policies? @tckw93: "No one wants to see their investment defaults and due diligence plays a vital role in evaluating the ability of lenders to pay back. But then it's part of the risk they're taking when investing in P2P."
Competency of management team
@antoniomc27: "(e.g: proven track record, proactive on recovering loans)"
Transparency / opportunities to interact with team
@antoniomc27: "Is the customer support reachable? Do they have a blog/forum, do they publish regular updates of their notes/projects?"
Potential cash drag
Trust in platform
@antoniomc27: "E.g: if I have $1000 in a platform with weak track record and which is not financially stable, I am taking an unnecessary risk. If those same $1000 are in a good one, I will not necessarily panic."
Platform's revenue & profit
@Cassandra-Tho: "In reality, platforms are also (for-profit) companies, so if they are not able to generate enough income, their long term viability may ultimately be impacted."
Platform's cash on hand
What's the platform's cash position like and how are they spending? Are they well-funded / set for more funding?
Reviews & experiences of other investors
Crisis / default management
Skin in the game
Alignment with personal portfolio & your existing diversification strategies
Let's crowdsource ideas and expand our understanding together - veterans & beginners alike! 💪
A call out to all P2P investors to suggest more factors we should add to this table, or let us know your top 3 factors so we can add your vote to the table. Pipe your views in too!
@alistair-black hey man! Revisiting this post - curious to hear from you on the key considerations you had when starting an EU bank account? Does having it provide significant advantages over having just a TransferWise borderless account? (for a Malaysia-based investor)
Xue suggested that only about 100 platforms would survive under the new regulatory environment, out of the 1,021 P2P lending platforms still operating at the end of March.
I'm surprised that 100 are expected to survive/be free of regulatory problems. Monkey see, monkey do, frauds were so commonplace, wouldn't all of them be tempted to all conduct it for growth back then?