Our Crowdfunding craze: Gold rush all over again?
May 9, 2016 by Dr. Letitia Wright
Filed under Crowd Funding, Featured Articles
Crowdfunding craze: Gold rush all over again?
Higher returns are a big draw for small-time investors, but there’s little recourse if things go wrong
It was a simple concept that first drew financial analyst James Yeo to crowdfunding – the chance to earn bumper returns when decent yields from other investments were pretty hard to come by.
Mr Yeo (not his real name) made his first investment on a peer-to-peer (P2P) lending platform late last year, putting up a $1,000 loan to a seafood wholesaler that was raising funds to buy and farm hairy crabs. The lure? A handsome annual return of 23 per cent.
Mr Yeo, who has received repayments for nine of the 12-month loan tenure, tells The Sunday Times: “It’s good that in crowdfunding, I have control over my risk through my choice of loans. It’s as though I’m playing the role of a bank in choosing which companies I want to lend to.
Here is why this article is important: Many of you are interested in investing in crowdfunding loans. This is a great article about the things you should consider first.
Read the rest of the article here: http://www.straitstimes.com/business/invest/crowdfunding-craze-gold-rush-all-over-again
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Secret Start to a Business
April 10, 2016 by Dr. Letitia Wright
Filed under Crowd Funding, Front Page
I don’t know how much of a secret it will be after this, but I was contacted by a woman who wanted to surprise her husband with $5,000 to start his own business.
Here is what Jessy James Anderson to say:
I’m secretly starting this go fund me for my fiancé who’s been trying to start his own business for awhile. He’s been doing OK here and there on eBay but he wants to buy a van to do more and expand the business being we have 4 kids all together every time he has the money to expand he uses it on the family. I wanted to start this to help him out since he’s always doing for me and the kids and thinks about himself last. He is the most giving person when it comes to our family and I think he deserves to have his business that he talks about daily. I wish I had it to give to him whether it’s a $1 or whatever anything would help and please don’t tell him I want to surprise him.
https://www.gofundme.com/hubbysdream
The REAL WORK– getting rid of easy in your life
March 29, 2016 by Dr. Letitia Wright
Filed under Crowd Funding, Front Page
This is tough love, not a fluff piece to help you be average.
