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Post by swift on Mar 6, 2016 20:11:52 GMT
Would you trust the system if they suddenly increase it to 12%? It might well be for only few months before the other immediate reduction. When they lowered the interest to 10% they did not really losing my trust in the safety of the loans/cash. It just became a bad deal to invest in those loans, that's all. That can be fixed by increasing it again, and I would just invest as long as the interest is acceptable to me. Even if they lowered it later they could not do that for existing loans, so I would be OK to invest in new loans on and make decisions on a day-by-day basis (as I do for all P2P investments).
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Post by swift on Mar 11, 2016 10:20:52 GMT
Would you trust the system if they suddenly increase it to 12%? It might well be for only few months before the other immediate reduction. When they lowered the interest to 10% they did not really losing my trust in the safety of the loans/cash. It just became a bad deal to invest in those loans, that's all. That can be fixed by increasing it again, and I would just invest as long as the interest is acceptable to me. Even if they lowered it later they could not do that for existing loans, so I would be OK to invest in new loans on and make decisions on a day-by-day basis (as I do for all P2P investments). Aaaaand it's back. 12% interest on new long-term Georgian loans starting today.
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p2pmaster
investment is life.
Posts: 128 
Likes: 54
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Post by p2pmaster on Mar 11, 2016 13:39:23 GMT
Nice. I am still with Twino, but have not added any more funds as I am suspicious of sudden rates changes.
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yacop
Posts: 68
Likes: 42
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Post by yacop on Mar 11, 2016 18:42:53 GMT
Jevgenijs,
it seems that little has changed since you left Bondora. The way Twino provides information to the investors is just remarkably brain-washed. All of a sudden there is a significant rate drop and then, you just announced an increase again. The Marketing blablabla that you used at Bondora as well as with Twino only increase my suspicion that something smells fishy at Twino.
I see that retail Investors are screwed either way. First, Twino trys to drop the rates to attract more borrowers and get more attention. Then, institutional investors jump on board and get priority access to loans. Why should I put my Money at risk with Twino at low rates then?
11.100 Euro were already withdrawn from Twino and more to come.
Stay honest and humble.
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Post by jevgenijs on Mar 12, 2016 13:12:09 GMT
Hello, yacop! Not sure what you mean by "institutional investors" on TWINO. We don't have any, and here's the reason: We are originating slightly over EUR 15 million per month (which is about 3rd largest volume after Zopa and RateSetter in consumer lending). However, even with this volume of origination a single institutional investor would heavily distort the market, that's why we don't accept any. I can understand your reasons for leaving TWINO, but your conspiracy theories of institutional investors at TWINO are just theories. Sincerely, Jevgenijs |
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Post by redbull666 on Mar 13, 2016 7:38:39 GMT
Many many 1/1 month loans available again for 12%. What happened to the "everything needs to be 10%"? I don't mind higher interest, but I don't enjoy a flip-flopping investment platform. Furthermore, where can I even read the news on this change? I am not subscribed to any spam, I expect to be able to read about changes like this somewhere on the website. I still love the Twino platform, please don't break my heart  |
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Post by swift on Mar 13, 2016 9:04:16 GMT
Many many 1/1 month loans available again for 12%. What happened to the "everything needs to be 10%"? I don't mind higher interest, but I don't enjoy a flip-flopping investment platform. Furthermore, where can I even read the news on this change? I am not subscribed to any spam, I expect to be able to read about changes like this somewhere on the website. I still love the Twino platform, please don't break my heart Yeah a Twino blog would help a lot indeed.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Mar 13, 2016 10:08:38 GMT
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Post by swift on Mar 14, 2016 6:09:38 GMT
lol, celebrating loan demand instead of actual business.
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Post by gusgorilla on Mar 15, 2016 2:13:04 GMT
lol, celebrating loan demand instead of actual business. Also celebrating the fact that their lenders appear to have only lent to a third of the loans Bondora approved. I wonder what happened to the other two thirds.
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