I have recently started dabbling in a company in NZ called "harmoney" which is a peer to peer lending platform.
It's pretty cool.
My portfolio return is around 14% give or take a few people who are going to default and wreck my stats.
The down side is the loans are between 3 and 5 years long, so of course the longer the money is in their hands, the higher the possibility of them defaulting.
I am 1/2 way through my first month, which is to say I'm getting some repayments on my little loans, but have not got a month worth yet.
Have you guys got anything like this in the US?
It's pretty cool.
My portfolio return is around 14% give or take a few people who are going to default and wreck my stats.
The down side is the loans are between 3 and 5 years long, so of course the longer the money is in their hands, the higher the possibility of them defaulting.
I am 1/2 way through my first month, which is to say I'm getting some repayments on my little loans, but have not got a month worth yet.
Have you guys got anything like this in the US?
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