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Post by bogdanworld on May 1, 2019 11:16:21 GMT
Hello I start my mintos account 1 month ago with 1040 euro. I invest only in short loan (maxim 26 days). From start to today i make only 0.99euro with net annual return 11,41%. With my calc i need to make in 30 days 9.83euro. I attach some photo. Attachments:
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Post by bogdanworld on May 1, 2019 11:16:50 GMT
Other photo Attachments:
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Post by tomas on May 1, 2019 11:42:58 GMT
Hello I start my mintos account 1 month ago with 1040 euro. I invest only in short loan (maxim 26 days). From start to today i make only 0.99euro with net annual return 11,41%. With my calc i need to make in 30 days 9.83euro. I attach some photo. Did you invest in current loans? If yes, than you can wait couple of more days to receive your interest. If not than some loan originators do not pay interest for delayed loans. You should study more Detail section of loan originator. So far I have no experience of any cheating from Mintos.
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benaj
Member of DD Central
Posts: 4,848 
Likes: 1,590
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Post by benaj on May 1, 2019 12:30:35 GMT
Hello I start my mintos account 1 month ago with 1040 euro. I invest only in short loan (maxim 26 days). From start to today i make only 0.99euro with net annual return 11,41%. With my calc i need to make in 30 days 9.83euro. I attach some photo. I was a newbie 4-5 months ago and I didn't know a thing how the platform works. 1. The truth, short term loans on mintos are really short. They are repaid on average within 12 days. My account has 50% early repayment monthly. If you have cash sitting around after repayment, it won't earn interest fast. 2. Overdue loans don't earn interest short term. You have 17% overdue. When they are completed, you have earn full interest even on late days, but check the loan originators terms and conditions. No one can earn interest if they are not repaid. 3. The NAR calculations is made on completed loans. It ignores cash drag such as cash waiting around and not being invested. 4. Unlike some platforms, Mintos does not show accrued interest, which might mislead return calculation.
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Post by gmaxkenny on May 1, 2019 13:56:45 GMT
I think this tread should be deleted as putting the word "scam" into the title makes you sound like a troll rather than an investor. If you had bothered to do any research before investing in Mintos you would know very well that they are not a scam and your pathetic post should be treated with the contempt it deserves.
Update: Good to see that the thread title has been changed.
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Post by bogdanworld on May 1, 2019 14:30:12 GMT
1. The truth, short term loans on mintos are really short. They are repaid on average within 12 days. My account has 50% early repayment monthly. If you have cash sitting around after repayment, it won't earn interest fast. 2. Overdue loans don't earn interest short term. You have 17% overdue. When they are completed, you have earn full interest even on late days, but check the loan originators terms and conditions. No one can earn interest if they are not repaid. 3. The NAR calculations is made on completed loans. It ignores cash drag such as cash waiting around and not being invested. 4. Unlike some platforms, Mintos does not show accrued interest, which might mislead return calculation. Hello I use only automatic invest. I setup only A and B rating and only buyback guarantee, buy only from primary market in EUR. I setup YES for "Do you want to reinvest" and NO for "Include loans already invested in" and NO for "Diversify across loan originators". Is ok?
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benaj
Member of DD Central
Posts: 4,848
Likes: 1,590
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Post by benaj on May 1, 2019 15:00:09 GMT
Hello I use only automatic invest. I setup only A and B rating and only buyback guarantee, buy only from primary market in EUR. I setup YES for "Do you want to reinvest" and NO for "Include loans already invested in" and NO for "Diversify across loan originators". Is ok? The only I suggest is check your daily email summary from Mintos. The closing balance shows the amount of idle cash. You will receive more interest earned in the next 30 days as more repayments made. Mintos does not show accrued interest and it doesn't mean you won't earn more later when repayments are made.
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Post by bilko on Jun 10, 2019 6:02:39 GMT
I'm new and I have to admit the calculation of profit is also a mystery to me.
I've invested some money more than a month ago. Each early repayent was replaced by a new loan. There is no idle money.
My average intrest is about 11%. Most of my loans (about 74%) show up as "current". Shouldn't that mean I should have received a profit of 0,68% (amount invested / 12 x 11% x 74%) after a month? In reality I have less than half of that.
I'm not implying that anything is wrong. I just want to understand the mechanics of this platform better.
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benaj
Member of DD Central
Posts: 4,848
Likes: 1,590
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Post by benaj on Jun 10, 2019 6:17:19 GMT
I'm new and I have to admit the calculation of profit is also a mystery to me.
I've invested some money more than a month ago. Each early repayent was replaced by a new loan. There is no idle money.
My average intrest is about 11%. Most of my loans (about 74%) show up as "current". Shouldn't that mean I should have received a profit of 0,68% (amount invested / 12 x 11% x 74%) after a month? In reality I have less than half of that.
I'm not implying that anything is wrong. I just want to understand the mechanics of this platform better.
So, about 74% of your borrowers are paying on time, but they pay back on the different repayment dates. Even if the borrowers are paying on time, you only earn interest when a borrower make a repayment. I admit I had similar experience when I first started with Mintos. Some loans do not earn Interest income on delayed payments.
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Post by bilko on Jun 10, 2019 7:35:08 GMT
Thanks, Benaj. I'll just be patient and see what the result is in another month or two.
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