Investing in crowdlending loans is an attractive investment opportunity. But is crowdlending also suitable as an account replacement?
Limitations
There are some things that speak against crowdlending as a direct replacement for a bank account: - Availability is not daily - Fintechs like Cashare are not allowed to participate in bank deposit insurance
Advantages over investment accounts
Nevertheless, the comparison with investment accounts is worth considering. In some respects, investments at Cashare even have advantages: - A sale via the Cashare secondary market is possible at any time - Investment accounts, on the other hand, often have a notice period of several months
How to proceed?
First, determine your personal cash quota. The portion of your assets that you always want to have available for daily needs and emergencies must remain in an account with immediate access.
With the cash surplus, you can make investments, such as investments in stocks, gold, or crowdlending loans.
Splitting investments
If you want to make investments with a shorter time horizon in addition to your crowdlending investments, splitting your investments is advisable. This makes it easier to sell the amount needed later on the Cashare secondary market.
Consider your risk profile
In general, it is advisable to be aware of your personal risk profile before investing. If the investment should have as secure a character as a bank account, it is recommended to choose higher rating categories such as A and B+, possibly secured with a mortgage.
Your investment specialist Michael
