Start small: Begin by investing a small amount to get a feel for the platform and gain experience before investing more substantial amounts.
Diversify your portfolio: Spread your investments across multiple borrowers and loan types to reduce risk and increase potential returns.
Choose loans wisely: Evaluate loan requests carefully and focus on borrowers with a good credit history and high probability of repayment.
Use the Auto Invest feature: Enable the Auto Invest feature to automate your investments and ensure that your money is put to work as soon as possible.
Reinvest your earnings: Instead of withdrawing your earnings, consider reinvesting them to maximize your returns over time.
Monitor your portfolio regularly: Keep an eye on your portfolio and adjust your investments as necessary to ensure that it continues to meet your goals.
Stay informed: Stay up-to-date on Faircent's news and updates to stay informed about changes that could impact your inv
Be patient: Peer-to-peer lending is a long-term investment strategy, and it may take time to see the returns you are hoping for.
Consider tax implications: Understand the tax implications of your investments on Faircent and plan accordingly.
Seek professional advice: If you are uncertain about your investment strategy or have questions about peer-to-peer lending, consider seeking advice from a financial