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| Spare money for peer to peer lending? |
Well here it is, the first post of a new blog I have started to follow my journey through the world of peer to peer (P2P) investment. As many of you will know the interest offered by banks current and savings accounts has decreased dramatically over the past decade
and now it is a right pain to get much more than the BoE base rate. Apart from having an emergency fund to cover any unfortunate events, I prefer to invest any spare cash rather than save it.
Depending on your appetite for risk there are a variety of different P2P platforms out there catering for all different types of money lending. Each type has its own risks and ultimately its own interest rate ranging from around 3% right up to 40%.
So back to the reason for this blog in the first place. This blog is going to be where I write and review my peer to peer lending experiences, good and bad. Hopefully others will be able to learn from my mistakes and together we can all grow out pots.
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