One of my favorite asset type is Peer-to-Peer lending, which consists of lending money to individuals via online platforms, in exchange for payment of interests over time. Peer-to-Peer lending has a high-yield, can be completely automated, and also has a low level of risk if you do it right.
In order to diversify my portfolio and reduce the level of risks of my investments, I am always looking to invest in new Peer-to-Peer lending platforms. In this article, I will review Fast Invest, a Peer-to-Peer lending platform based in Lithuania. As for many platforms I invest in, this one was also recommended to me by many friends so I really wanted to try it out by myself.
Update 2021: After having great results with Fast Invest for over 3 years, I can't recommend this platform anymore as they had huge delays in paying back investors after the COVID-19 crisis hit, and communicated very poorly with investors. Therefore, I suggest to stay away from Fast Invest for the time being.