Saturday, 25 March 2017
Why I Don't Lend My Money Via P2P???
Read? How to become rich in stocks??? (29)
Peter Lynch:
You don't need a lot in your lifetime. You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.
I think the secret is if you have a lot of stocks,
some will do mediocre,
some will do okay, and
if one of two of 'em go up big time,
you produce a fabulous result.
CW8888:
In lending money via P2P to earn XX% interests and feeling shiok is like making the Inverse of Wise Words from Peter Lynch becoming true!
Most of time; you earn fabulous interests; but if a few of them go default; you may return most of your fabulous interests in your lifetime of lending.
Wu Hua Bo, Bro?
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Retail lenders are different from retail traders & investors. They like to believe they are above average when come to picking up their selected transactions.
ReplyDeleteCW,
DeleteWith junk bonks, at least there's chance for capital gains if interest rates go down.
Can also buy Credit Default Swaps for insurance (OK, may not be applicable in SG) to hedge against defaults.
P2P lending is more for those with less than $250K to "lend".
Krill although tiny, if grouped up into a ball, still makes a nice meal for a whale ;)
Many still confuse lending for interests as income investing. They thought same same. Walau!
DeleteHow to be Venture Capitalist" in "SGX Catalist Board"?
ReplyDelete