WARNING: Why Peer To Peer Lending is a BAD INVESTMENT

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Название	:	WARNING: Why Peer To Peer Lending is a BAD INVESTMENT
Продолжительность	:	13.01
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Просмотров	:	271 rb

🤔 i was a member on peer too peer Im not gonna lie It seems that for a company that reports only 78 defaults 🤔 as a user ob the website It seems that defaults are frequent 🤔 now i do understand how luck of the draw may play a role But lets just say i was surprised too see so many of my (A ratings) being the ones who defaulted
Comment from : vjiggy81

Thanks man Great vid
Comment from : Duelist of the Beginning

I would like to see an upgraded video on your opinion of p2p, but this time utilizing prosper 's fine print We are now in a recession, so it would be interesting to know the stats
Comment from : The Country Girl Chronicles

Good idea to find the way to fund many crooked borrowers 😂
Comment from : Nattaphon J

Now Graham its time for 100k likes for you to invest 1k in lending club for us to view how it works
Comment from : Nick

If you wanna make money in lending, do it in old fashion like loan sharks and mafia’s Using a brokerage gives you a little bit more than high yield saving accounts I get Atleast 24 annually without fees I deal directly with borrowers I deal in cash only to avoid taxes
Comment from : Akash Singh

In all fairness this study focusses on only one P2P Lending company I am with one that's based in Europe and it seems like withdrawals are pretty quick meaning your investment is iiquid It's a great way of having a good return on your cash whilst also being able to withdraw it quickly I think that as the next recession looms I'll start to withdraw my money from it
Comment from : Badman123

If ya boy Graham says don't do it, don't do it It's that simple
Comment from : DrengrMike

LendingCRAP
Comment from : tyson sittu

Is it a US centric perspective?
Comment from : Preeti Sahu

Well I have found Europe p2p lending platforms that issues loans as short as 10 days with buyback guarantees and each loans can be as low as 10 dollars
Comment from : The Chaos Gamer

How about Quanloop? Seems much safer than what you described here Very similar, but safer Your money is frozen for 24h only You can withdraw any day
Comment from : Michał Kryński

Important to remember, that recession can hurt, as one is likely on the horizon!
Comment from : Ralph Weber

Three years later still asking for likes
Comment from : silent majority

Seems this video hasn’t aged as well as hoped
Comment from : Fun Times

so this didn't age well
Comment from : 713daehkcarc

Stated income is standard practice for smaller personal loans even at large banks
Comment from : Will Ward

so its better to be a borrower than a lended on these especially if you have something that makes over 30 a year
Comment from : Taylor Neilson

Thanks for taking the time to make this It looks like people in Europe have a different take on peer to peer lending but I appreciate seeing two sides of any argument
Comment from : Miss Danielson Maths

Thug to Peer lending sounds better! Smh 🤣
Comment from : Newbeginnings

Great analysis Minetrap
Comment from : Aparv Kishnov

yes
Comment from : Oscar Vazquez

anyone who says their least favorite english word is "fees", is my new best friend
Comment from : Kirk Bergere

so you say it is not financial advice, so please give us financial advice, it would be much more useful :)
Comment from : Name

Thank you!
Comment from : Aubrey Robbins

Graham said you’d have to sell the notes on the secondary market if you wanted to cash out early How would I just go buy those on the secondary market?
Comment from : Red

But can u get a loan and invest with people at the same time
Comment from : Whitley Terrace

So if one were looking to borrow say $5000-10000 what do you all recommend would be the best option to go through??
Comment from : Hunter Bates

Wowwwwwww I’m so glad i saw this video
Comment from : Iris Marie

Thanks for breaking things down
Comment from : Iris Marie

Can you make a update 2021? Because of the crisis they don't payout
Comment from : The Blockchain Club

P2Pless to winmuch to loose
Comment from : kvk

The last part of this video hits especially hard in 2021 lol Think ill hold off on investing in this
Comment from : BigPlus

I came here interested in being a lender Now it seems the right move is to be the borrower
Comment from : masu485

It’s 2021 Covid-19 now what’s your opinion on this video now Graham
Comment from : MILWAUKEE WISCONSIN

Let me borrow $200 from you i have a $9000 stated income!
Comment from : Dion Prill

nice vid very helpful
Comment from : Dion Prill

I just had to watch half the video to drop the idea great research !
Comment from : itissrinivasan

Convinced
Comment from : Discovering Me

STATED BORROWER INCOME?! I am extremely grateful for your research efforts Very informative Thank you for sharing!
Comment from : Chelsea Coral

Thanks for the video Think I’m gonna pass on that investment
Comment from : KO Medic

This is quite different in in indonesia In here all financing have TKB90’s parameter, which means the of borrower that paid before 90 days after due date And the average score in these fintechs in indonesia is averagely >98 This is mostly why Indonesians pays respects with loans
Comment from : ruthagood

Thanks for bursting my Lending Club bubble, you mean person I’m so disappointed with all this bad news it made me cry 😭
Comment from : RC Christianson

Sta away from fastinvest and grupeer
Comment from : leon van Lint

You're the man Graham I have smashed that like button
Comment from : B

Borrowed and paid 2 loans from Lending Club Opened an IRA about 6 years ago They are closing out in Florida I'm waiting it out at 62 I've had 121 loans charged off Most people still pay their loans I'll be out in about 2 years Moving the funds to a TD Ameritrade Ira so taxes aren't an issue
Comment from : DANA MILLS

I'm a tree
Comment from : Andreas

Nice euphorbia
Comment from : TS50ER

'If one borrower doesn't pay you back its not a big deal' - i heard that in 2007 🤣😂
Comment from : ffriend258

I tend to agree with Graham on this one My experience has been that one bad borrower can damage the overall performance of your whole loan portfolio I invested $7500 in a professionally run peer-to-peer lending platform At first, things went very well, but in late 2019 a single fraudulent borrower destroyed my loan portfolio's returns My best advice is to buy shares in a well-run bank instead Right now my peer-to-peer lending has delivered only 157 per annum overall
Comment from : Jonathan Lloyd

I am so thankful to realexpeditetools,com They sent me a transfer of $28,000 just yesterday
Comment from : Niklas Schroder

watching this in end of 2020 and risks pointed out seems too real to become a reality Smashed the like button👍🏼 Great video
Comment from : vishant patel

Longtime viewer here Thanks for your reading Would you please cover how newer apps like Dave can be profitable for the owner?
Comment from : Kyle Perez

what about My constant
Comment from : Ghost_Boy

แหล่งเงินกู้ยุคใหม่ นายหน้า
Comment from : พงศ์สวรรค์ วิศรุตานันท์

merci mec super vidéo super clair et pertinent I really appreciated
Comment from : JULIEN LEROUX

Did this guy just say Ownage Pranks? I haven’t heard that name in years
Comment from : Joseph An

U just want to undermine the p2p lending thing making people thing it’s dangerouse and bad because of your own interest
Comment from : potxman

Dude, rely on data, not on your feelings
Comment from : Alex Shyshkov

It's seems weird to me, like a ponzi scheme worrying
Comment from : Elise Marcus

Europe is much safer for the P2P platforms, the conditions are much better (no charges from platforms whatsoever for the investor and a buy-back guarantee, that is if the lender does not declare bankruptcy) I invest with Estateguru, Iuvogroup, Crowdestor and Mintos, and it has been going great so far We do not have credit scores in Europe and the banks do not give out loans as easily as in the US On the other hand, folks in the US have a better time with investing in Index Funds In Europe, it is easier to buy ETFs because Index Fund platforms are not as accessible
Comment from : Kristinas Wanderlust

My name is literally Phi (FEE)
Comment from : FatherPhi

Lending $25 to 40 people is the formula to that website
Comment from : StreamToronto

Wow
Comment from : Eddie Montgomery

P2P has ponzi tendencybrbrBasically it is Billionaire Boys Club as a startup You can choose p2p lending for consumptive users, or companies Companies tend to delay payment, and consumptive users have high default riskbrbrWhat is contradictory, people who uses consumptive p2p lending, turn out to be just find As its more liquid than the company borrowersbrbrHow the hell the consumptive borrowers can pay along with the interest? In like 15 days?brbrWas it the p2p company who paid for your return? To bait you to invest big?brbrIf they have cash issues, p2p eventually will use cash gained from new investors to pay old investorsbrbrCorrect or wrong? I just want to know
Comment from : MixSona Productions

This is more a review of lendingclub rather than p2p as a investment It seems like lendingclub is a really shitty p2p company brbrThe big risk as i see it rather if the company that has the plattform goes under Sure you own the loans still, but you will still need someone to collect the debt for you, and under what terms will they do that? so in that case i count with making a fairly big lose (20-60) But the upside is that as long as that do not happen you get a steady return on your money without the volatility as the stock market has
Comment from : Hew W

Mind blowing 🤯brThanks
Comment from : daniel ventura

Thanks for this I just saw an ad on instagram for peer to peer lending
Comment from : Neo

Thank you Graham, you saved my investment money!! I'm just imagining like this huge, "Armageddon" sized fist racing down from the sky and DEMOLISHING the like button for you always!
Comment from : Jay_Gutta_Music

Too detailed Is there one more like button?
Comment from : Nikhil Sawant

these people couldn't even get a loan from a bank, they dont deserve a 15 interest rate the only interest rates that would make the loans actually worth it are in the shark territory
Comment from : Mamene Wesh

Curious how this peer to peer is going during the pandemic I wonder how many more people started defaulting on these
Comment from : EvVie Arts

Graham, Great video as of 08/17/2020 LC stock is crashing and burning Thanks for your hard work and research As a Loan officer for 30 years stated income is extremely risky I would not place MY money in it
Comment from : safe nsecure

3:05 rly? I thought ur least favorite word is “taxes”?
Comment from : John Gramer

Graham!! "Driverloan investors club" popped up It sounds better than Lending Tree and Prosper Could you please review it and make a video?
Comment from : Randy Mattoon

I borrowed 24k from lending club with 36 payments of 984 a month, I am 2 months away from paying them offwooohooo
Comment from : Terry Money

Lending club for investors is a scam from my experience it was a joke! I listened to them and followed their direction I even had the Bots do the work for me as they suggested WHAT A JOKE!!!! 25 DOESNT EVEN COVER I INFLATION!!!!! I’ll make a video one day on what they did to me DONT INVEST BUT RATHER RUN RUN RUN 🏃‍♀️ 🏃🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃 🏃‍♀️ 🏃
Comment from : tyson sittu

You just saved my ass, you legend Thanks for doing the research, appreciate it, liked and subscribed!
Comment from : Roy Dopaishi

But what can you recommend as an alternative to P2P Lending?
Comment from : COS Motions

Has anyone tried Driver Loan Investors Club? No fees, guarantees your investments, and terms as short as 3 months with a 15 return
Comment from : Hazem

Normally i really like your video's but this video is really not good because you're generalising alot, on just a few p2p platforms that a doing p2p lending i a certain way I get the point you trynna make probably is you dont like this kind of investment strategi compared to others, understable brquestion being: i have a hard time finding out wether this type of investing is kind of as balanced as stock market investing?
Comment from : Mathias Skov Hansen

The tax issue is actually a little worse than Graham indicates in the video Not only do you have to pay ordinary income tax rates on the interest you receive, you get only capital loss treatment on the charge-off's you endure when one of your loans defaults This means that losses offset favorably tax capital gains rather than the highly taxed ordinary interest income the investment provides If you're already burning off the $3,000 per year limit on capital losses that can be applied against other income your charge off losses will only help your tax liability years in the future
Comment from : Mike Barnes

Just got scammed on Grupeer, hes right
Comment from : Alex Serediuc

Oh, thanks I’m hella not investing in any platform like this! 🤣 not worth it you can and will earn 📈🏦day trading and even index fund investing for the long term than this piece of 💩 Keep the chump change for the chumps and the higher wages for those who want it earn it work for it and expect it! 💪🏽
Comment from : Joshua Velazquez

This guy is good he does all the “heavy lifting”, & (that’s why he’s rich) kudos! Moral of the story thorough diligent focused work pays off!
Comment from : Joshua Velazquez