When I decided to start investing in P2P, I needed to choose a platform to start with. I knew Mintos was the biggest one but I didn't want to start with it because I'm always wary of market leaders, be it a bank or a phone manufacturer or anything else. My thinking is that they may grow complacent and their service or product might not be the best.
After doing some research, I picked doFinance to start with. Their offer looked almost like a bank deposit - "you give us money for 6 months, we'll give you a fixed 12% return". I was a little worried about the legitimacy of the company because it was quite new and I hadn't heard about it before, but then I read an interview with the CEO and decided to trust them. I deposited 800 € on January 8th with them and haven't touched them since. The 6 months will be up soon so I will have to reinvest the money.
...continue reading "My current P2P platforms"
When we are little we learn how the world works. Some things we experience for ourselves, some things we only see or hear about, but in either case they form our world view, our core beliefs, and we rarely reexamine them once we grow up - unless an external factor forces us to.
One of these unquestionable truths for me was the fact that I'd have to work until I reached retirement age. Growing up here in Riga, the only wealthy people I saw were dirty politicians and some businessmen. I knew I didn't want to be one of them so that was that. Once Latvia joined the EU in 2004, many people left for the UK and other countries to seek wealth, but I never heard anyone say they wanted to save up money and retire before reaching the age of 50. I don't think I was even aware of the concept.
...continue reading "How I began investing in P2P lending platforms"