JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
Likes: 893
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Post by JamesFrance on Jun 15, 2016 9:09:35 GMT
I have invested in both these platforms since they started.
For Mintos my return is a credible 13.80% and for Twino they still show 16.31% but that is not possible now as it involved holding loans on payment day for less than a month which has now been changed. I have also sold all Twino loans with less than 12%.
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Post by saraph on Jun 15, 2016 19:15:25 GMT
I have also sold all Twino loans with less than 12%. How does selling work? Are there any fees? I can't find anything about it in their FAQ.
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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 Jun 15, 2016 19:33:07 GMT
There don't seem to be any selling costs and you receive interest until a loan is sold as far as I can tell, although it is hard to see the details as a sale can be split into several parts. They are added to the main list of loans for sale. Loans seem to sell quite quickly even when they seem unattractive, so maybe some people buy a small amount of everything available.
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Post by littleinvestor on Jun 15, 2016 21:49:27 GMT
Same experience here, I've sold 'mistakes'/unattractive loans without issues, no fees. Much better experience than Mintos, I have 60 Mogo loans there that nobody ever seems willing to take over - stuck for 60 months  |
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Post by saraph on Jun 16, 2016 10:09:12 GMT
I have 60 Mogo loans there that nobody ever seems willing to take over - stuck for 60 months Ouch, that hurts. Anyways guys, thanks for responses.
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Post by dagoatla on Jun 19, 2016 12:43:39 GMT
I think with Mintos there is always such a massive supply of Primary market loans, no one has to look at the secondary market to invest.
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Post by saraph on Jun 19, 2016 15:09:32 GMT
I think with Mintos there is always such a massive supply of Primary market loans, no one has to look at the secondary market to invest. Well, for some reason I managed to sell secured car loan with 13% YTM on SM. I understand people try to diverse, but still doesn't make much sense to me.
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