94pc of Look&Fin investors recommend crowdlending
94 per cent of investors in the Look&Fin platform would recommend crowdlending to a friend, according to a new survey by the Belgium-based peer-to-peer lending platform.
The investor survey found that crowdlending, stock markets and savings accounts are the top three favourite investments in the Look&Fin community.
Almost two thirds (65 per cent) said that crowdlending was their preferred investment option, while 40 per cent preferred the equity markets and 38 per cent chose savings accounts.
“A mix of security and risk-taking seems to reflect the preferences of the year 2023,” said a Look&Fin spokesperson.
“Hedging inflation and still having a positive return seems the priority of our community in a context where 2023 remains marked by inflation.”
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Two thirds of Look&Fin’s investors said that they were primarily aiming for returns of between four and seven per cent.
Approximately a quarter (24 per cent) said that they are seeking returns of between seven and 10 per cent, while the remainder said that they are seeking returns below four per cent but with maximum security.
“Concerning the level of security sought in its investments, our community…seeks to combine security and moderate risk-taking,” added Look&Fin.
“Nine per cent of respondents seek security above all and six per cent want maximum risk-taking with matching returns.”
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The platform also found that the volatile economic environment and high inflation has led to caution among investors. However, 38 per cent still intend to continue to invest as before, but will be careful to ensure that the returns offered are higher than inflation.
When it comes to crowdlending, 68 per cent of investors plan to continue the same pace of investments in the coming months and five per cent wish to increase their P2P and crowdlending investments.
However, three in ten (29 per cent) told the platform that they plan to reduce their investments mainly because they currently have little or no liquidity available to invest.
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