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Just invested in Crowdo

Please post any Crowdo topics that you want to discuss with the local p2p community
heyjude
Posts: 55
Joined: Fri Sep 30, 2016 10:14 am

Just invested in Crowdo

Postby heyjude » Sun Oct 23, 2016 7:13 pm

I've just started investing in Crowdo. Funded my account with S$5000.
Funds transfer via DBS Remit took less than 48 hrs to be credited in. Prompt acknowledgement by the
staff! Bravo.
Invested in 30 loans from 1 - 3 mil per loan. Not more than that. We shall see the outcome in December when
the first repayments are due.
From what I hear, investing is relatively with low risk. Only drawback I foresee is the exchange rate and TT fees.
However, if you're not in dire need to withdraw the money in a hurry, which I don't think anyone is, given the lower
interest rates, leave your investment there, roll over the repayments and earn "solid returns"!

riskandreturn
Posts: 7
Joined: Thu Sep 01, 2016 4:57 pm

Re: Just invested in Crowdo

Postby riskandreturn » Sun Oct 30, 2016 9:50 pm

I have considered Crowdo but I am bit hesistant given the forex risk. If it's positive, it boosts the returns. If it's negative though, it may just reduce your gains and one may even make a loss. In the long run, if the platform's vetting process is good, the compounding gains should offset the risk(?). Given the risky nature of P2P in the first place and me personally knowing nuts about forex, I have held off from signing up as I did not want to introduce more risk. That's just my own preference though. All the best in your investments!

heyjude
Posts: 55
Joined: Fri Sep 30, 2016 10:14 am

Re: Just invested in Crowdo

Postby heyjude » Mon Oct 31, 2016 5:35 pm

Yes. Exchange rates will play a factor, as in any economy.
Im just leaving my 5k in there to roll over. Dont intend taking it out anytime soon.
Its just my way of diversification. Still better than the measly 0.1% interest I'm getting from my current account!
I got the princely sum of 0.40 cents interest last month! Hardly worth the material of the coins!

Manhattan Jobs
Posts: 146
Joined: Mon Sep 03, 2018 8:03 am

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