Shah Gilani has been warning against these fintech darlings since last December, and they've fallen precipitously in the past year.
- The Biggest Profit Plays in Fintech – and a Disruptor That Could Change Everything
- One Trade to Profit from P2P Lending's Latest Headwind
- I Warned You About "P2P Lending"… and I Was Right
For several months now, I've been telling you about the dangers of online lending, also known as peer-to-peer (P2P) lending.
Right now, the Supreme Court is giving serious consideration to a case that could undo decades of precedent... and absolutely crush online lenders.
Investors are better off borrowing from a P2P lending site than investing in any of them.
If you want to get an online loan, go for it - but don't waste your money betting on any of the sites being a home-run investment.