Quote Originally Posted by BIRMANBOY View Post
So where is the "strategy" in P2P "investment"? ...
With Harmoney the average age of an investor is 41yo (https://www.harmoney.co.nz/assets/Pe...stors-info.png). I think that is quite a low average age for an investor. Part of the reason may be the online platform would be more comfortable for younger investors. However, I remember a Harmoney spokesman said in an interview that many of its investors were people saving for a house deposit. So I think that given the current housing market with prices appreciating more than the rate of inflation, many investors are people seeking returns higher than term deposit rates. So their investment strategy may unfortunately be tinged with desperation, perhaps reflecting the current housing affordability for first time buyers trying to raise a deposit.