Social lending

[deepdishj]

Just wondering if any of the members have first hand experience with social, or P2P, lending.
I’ve stumbled upon this site: https://www.maneo.jp/apl/contents/crowdfunding/eng

and was curious if anyon can offer their experience. Thanks.

[RetireJapan]

I opened an account a while back but haven't funded it yet. Looks interesting

[Jamo]

They claim 5 to 8 percent return and no loss of principal for lenders since 2011, which is impressive. They must have a reasonably rigorous screening process for the SMEs they lend to. The return is comparable to the long term return of shares, but it doesn't have the same tax incentives as NISA or iDeco. However, if your investment horizon is short term, it seems like a decent option. Maybe start out with small amounts to get a feel for it.

[deepdishj]

Yes, I was thinking the same. Start with a small investment to get the feel of it.
Just wondering if anyone has some first hand experience with it.

[paul]

I've had Y1M with Maneo since the start of the year. No problems so far. Also have 100,000 in Crowdcredit, which is not as big and established, but offers higher yields as most of the funds go overseas.

A couple of things to note that might be obvious. There is a time lag both between putting your money up and the fund starting, and the fund closing and you getting your money back. Also, although there are always funds available to join, sometimes only ones on the lower end of the interest range are available, so you might end up holding on to funds waiting for a higher interest rate one, and you never know when one will come up. I waited about two weeks once, then put in to 6% or something, only for an 8% one to pop up the next day. All this to say: I think it makes sense to put money in funds with long-terms (I think longest for Maneo is 24 months), but somehow psychologically it feels better to get paid more often.

[OkiBum]

I've had Y1M with Maneo since the start of the year. No problems so far. Also have 100,000 in Crowdcredit, which is not as big and established, but offers higher yields as most of the funds go overseas.

A couple of things to note that might be obvious. There is a time lag both between putting your money up and the fund starting, and the fund closing and you getting your money back. Also, although there are always funds available to join, sometimes only ones on the lower end of the interest range are available, so you might end up holding on to funds waiting for a higher interest rate one, and you never know when one will come up. I waited about two weeks once, then put in to 6% or something, only for an 8% one to pop up the next day. All this to say: I think it makes sense to put money in funds with long-terms (I think longest for Maneo is 24 months), but somehow psychologically it feels better to get paid more often.

I know this is an old post, but I have a couple of questions after browsing the site.
- There are options to invest at 7.2% return and the holding period is 6 months. Is this interest rate annually or for the period of 6 months. For example, if i choose to invest 100,000 will I get 107,200 after 6 months?
- How do I file capital gain from Maneo?

Thanks in advance.

[deepdishj]

I put ¥30,000 in an 8 month, 5%, investment last year, just to get a feel for it. Here's the progress so far.

[OkiBum]

I put ¥30,000 in an 8 month, 5%, investment last year, just to get a feel for it. Here's the progress so far.

IMG_20180623_133709.png

Thanks for sharing!

Could you explain a little as im confused. you mentioned you put 30,000 yen. Im guessing thats the 29,925 + 75...

What is the 3rd and the 5th column? Which column shows the progress of the 30,000? If you invested 30K at 5% return you should have 31,500 by now correct?

Sorry if my questions are stupid, as i cannot make sense of the table.

[deepdishj]

Yes, not sure why ¥75 was taken off, but it's added back later. You can see there's a different loan ID code for those transaction.
What you see is what I have. The term hasn't finished yet so there's more to come, plus I believe that there's a slight deduction that is taken off by Maneo each payment period.

[adamu]

How do you all treat this in terms of asset allocation? Treat it as a risky bond? Or some kind of speculative investment? Or are you assuming you'll get everything back and treating it as cash?