The results of a recent poll conducted by the European P2P platform Robo.cash show that just over a half of P2P investors remain calm towards their current savings during the pandemic and do not rush with decisions.
Investors continue adaptation to the current economic situation that is globally affected by COVID-19 outbreak. A recent poll shows that the uncertainties in the markets haven’t significantly influenced P2P investors’ attitude towards their savings. Thus, a little over a half (51.9%) of respondents have kept the same level of savings since the start of the pandemic. It is remarkable that every fourth respondent increased the extra reserves by no more than 50%. 5% of the polled took more serious protective measures in relation to their accumulations and raised savings from 50 to 100% (3.8%) or by more than 100% (1.6%).
Another 17% of the surveyed reduced their savings. One reason can be using this money to cover everyday spendings. On the other hand, investors could have allocated them in profitable offers.
As analysts of Robocash Group added, P2P investors show quite a similar attitude to the management of savings and investments. Earlier in March, the platform revealed that three out of four P2P investors made no changes to their portfolios because of the pandemic outbreak. It means that in both cases the respondents continue thinking long-term rather than in frames of a few weeks and months. Understanding that the more they can leave saved and invested, the more they will benefit when markets recover, most investors prefer not to hurry dumping their funds.
The survey was conducted in April 2020. In total, 318 European P2P investors took part in it.
Robo.cash is a Croatia-based fully automated P2P platform with a buyback guarantee on investments operating within the European Union and Switzerland. Launched in February 2017, the platform belongs to the financial holding Robocash Group that unites non-bank consumer lending companies in seven markets in Europe and Asia. As a part of the group, Robo.cash works according to a “peer-to-portfolio” model providing an opportunity to invest in consumer and commercial loans issued by the affiliated companies. For the time of operation, it has attracted over €9 mln of investments, which has allowed to finance €150 mln worth of loans.