Note 2016-02-25: Twino have lowered interest. Today I have updated table in my post
In previous post I told about 3 main criteria (available time, money, appetite for profit) to select platform for investment. I have mentioned need of diversification as well. Now I will try to compare how platforms qualify needs of different investors.
Before doing that, I need to note that my aim is to get yearly return bigger than 12%. Therefore I am not so much familiar with number of “old classic” – big old platforms (Zopa, Ratesetter, etc). Also I am Europe based, therefore I have not used “old classical” US based platforms. Such platforms may be nice and will bring lower risk, but they do not fulfill my target for profit. As result, I have almost no experience with them.
Coming back to my main criteria I am getting the following picture
You need to have in mind risk of every platform. This is why your investments should be diversified on several platforms. Risk of platform is a separate topic, I do not like to start speaking about all types of risk there.
Welcome with your opinions questions and suggestions. Thank you in advance!
p.s. If after reading this post you like to try some of mentioned platforms, I will be very glad if you will try them using the following referral links:
Than may give me some small bonus (not always) and will show me how many readers were used my advise. Thank you!