@kaeley-wn said in [Poll] Which alternative investments do you invest in?:
@jomni said in Anyone here who owns a business? Or has a big stake in one?:
Not a business owner... but I created a video game and earning royalties from it. Another form of “passive” income. Actually, it’s not passive. Took more than 6 months doing it part time with the lead developer.
Really cool stuff right there ☝️
Thanks. I should really get myself to do an expansion for the game.
I just attended training (work-related) where we used LendingClub data for Machine Leaning. :)
The machine learning software can also read text (n-gram) and do a word map on certain words (I.e. those found in the factsheet) and link to the probability of default.
Btw, I have not gone into this project as I don’t have data. Maybe only for the two platforms that i am in. But a lot of transformation is needed. An must find a way to encode the fact PDF sheets efficiently. It’s beyond my current skill set now.
@webnomad some Spanish friends and I regularly email platforms for feedback / complaints. When they first come up we do some due diligence to see if they are worth investing in. Many of them (Grupeer, Mintos are active in p2p forums similar to this one, so interaction is quite easy. In some cases like October or Funding Societies they have a clear and public track record available to everyone if you google a bit.
@jomni I agree that it shouldn't be the reason per se.
In October case, what happens is that the team has a long track record and a very good due diligence, so they managed to partner with institutional investors. They even launched Grow together some months ago, a campaign where 10 renowned French MNCs ( AccorHotels, Adecco, Allianz, JCDecaux, SUEZ,...) borrowed 100k symbolically to encourage other SMEs to get into crowdlending.
Bear in mind, too, that Europe has been QE-addicted for a while already, with banks offering 0-1% for your money. With wages stagnated, welfare state threatened, and cost of living and taxes on the rise. That is why many people there find the risk-reward ratio of October acceptable.
@antoniomc27 @arigatomon Thank you for sharing your strategies and resources! I'll definitely be taking them into consideration with my future P2P investments.
My investments up until recently have been mostly mutual funds, individual stocks and REITs, which I suppose are easier to cash out and shift around.
P2P lending has been more of an experiment for me more than anything else, and though I'm not planning to cash out any time soon, I like to geek out on exploring my options. Plus, I love finding out how the pros do it :)
gov regulation like taxes = gov could one day impose extra taxes on P2P transactions and of course this will eat into our net margin.
asset allocation switch = this is specific to each individual. P2P lending is a high risk investment product. An investor could be re-balancing his portfolio and decide to shift more fund into P2P or away from P2P.
@qm said in I’m Chee Wai, Country Manager of InstaReM Singapore, which enables straight-forward, cost-effective digital cross-border money transfers. Ask me Anything!:
Mr HCW @hocheewai,
how long ago did you launch the business? Is it profitable? Razon-thin commissions + company headquartered in Singapore... Must not be easy!!!
InstaReM started its operation in Singapore about 2 years ago. We are in expansion mode and the focus is acquiring customers and transactions. Although the fees are low, we remain in good financial position coz of our low OPEX due to use of technology and economy of scale with our partners throughout the world.