Originally Posted by
DonB
Hiall,
Thanks for sharing this article.
I've been reading these P2P boards for a while but not yet taken the plunge. I've enjoyed reading the discussion and appreciated generous sharing of information.
It seems to be working for people and for us the only drawback was that money was committed to it for 3-5 years (except for rewrites).
It seems to me that the biggest threat is the change in economic circumstances (as referred ot in the article above) such that people are no longer able to repay their loans. Inability to withdraw money quickly means that if this happens then lenders are stuck. If suppose that is the risk/reward balance.
Please correct me if I am wrong as I am new to this investing game (I'm reading heaps and very keen to learn).
I'd be interested in others thoughts on the article and its relevance to NZ P2P and Harmoney in particular.
Don