MORE THAN three quarters (78 per cent) of peer-to-peer investors in Europe made their first investment before the age of 35, a new survey has found.
According to research from P2P platform Robo.cash, just 22 per cent of P2P investors were over the age of 35 when they made their first investment. 28.1 per cent of those surveyed said that they made their first P2P investment between the ages of 24 and 29, while 22.5 per cent were between 30 and 35 when they first invested, and 21.2 per cent were between the ages of 18 and 23.
Just 6.3 per cent made their first P2P investment before the age of 18.
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Robo.cash analysts found that P2P lending is more popular among younger investors because of its high returns, reliability, ease of use, low minimum deposits and growth potential.
“Given that many investors use the income to achieve long-term goals, it is no wonder that they start taking care of their savings in advance,” said a Robo.cash spokesperson.
“Thus, 46.4 per cent of P2P investors mentioned that their goal is to earn money for retirement, and 12.9 per cent use the additional income to support their children.”
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The same survey asked investors which asset they chose for their first investment. More than a third (34.4 per cent) said that their first ever investment was in stocks and shares; but Robo.cash added that “it is interesting that P2P lending ranked second by the same parameter”, with 26.4 per cent choosing P2P as their first investment.
By contrast, just 12.2 per cent placed their first investment into ETFs, 11.5 per cent chose bonds as their first investment, and 4.4 per cent opted for cryptocurrencies.
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