Anyone care to take a stab at translating that ten+ paragraphs to something that my 70+ aunt could understand? Who’s WA’s target customer anyway? I don’t see any HNW or sophisticated investors only warnings on the site so presumably they are happy to sell to her. Nor does there seem to be any advice about spreading cash across multiple loans to reduce risk (although of course, you’re really just lending to the counterparty). What’s to stop her putting all of her savings in to a single borrower on WA? How sure are we that we won’t see an article about WA next year by Tony Hetherington about my foolish aunt?
Last Edit: Dec 19, 2017 15:47:54 GMT by paul123: Tony not Tiny!
true also of 20 year old's i work with investing in equity without reading up on it or people using most P2P platforms come to that i.e is PP not more complicated then an REIT?.To be fair there is a link on the home page to a risk statement.But how many people invest in bond funds without knowing about how bonds work & that they don't all invest their money in the same type of bonds