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Post by valueinvestor123 on Oct 17, 2016 17:04:01 GMT
Hi, just curious what countries and which loan originators you tend to include in your autoinvest settings? It keeps changing and I can't keep up with it... Currently I only have Estonia, Latvia and Lithuania in countries. And Capitalia, Creamfinance, Mogo and Hipocredit in loan originations (I have no idea what the difference is). Any help would be great. thanks vi123
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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 Oct 18, 2016 6:58:41 GMT
I have a lot of auto-invests set up which used to provide a good variety of loans. Sadly they now give nothing unless the interest rates are reduced to a level too low to be competitive or the buyback guarantees are removed. Presumably new investors are coming in prepared to accept lower rates so the originators are lowering their offers to investors.
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m203
Member of DD Central
Posts: 54
Likes: 6
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Post by m203 on Oct 18, 2016 7:15:05 GMT
I have the same results ie my autoinvest is not picking up any loans due to lower rates. What alternative good Euro platforms are there?
BR
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Post by valueinvestor123 on Oct 18, 2016 10:04:57 GMT
Thanks. I was wondering which countries you tend to exclude and which originators you tend to include as I am a little lost.
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Post by valueinvestor123 on Oct 25, 2016 8:59:28 GMT
Nobody?
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Post by gmaxkenny on Oct 25, 2016 12:35:24 GMT
The only country I have excluded is Lithuania. I found that the business loans from Capitalia in Lithuania were most likely to have repayment problems.
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Post by valueinvestor123 on Oct 25, 2016 14:23:12 GMT
Thanks!
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Post by rahafoorum on Oct 25, 2016 17:25:21 GMT
I exclude all loans that don't have buyback, since there's not much data on whether it makes sense to invest into those or not. And to be honest, so far it seems that there is no point at least in those cases where originator used to issue only buyback loans and now has started issuing loans without it as well. The no buyback loans seem to be offering lower return at higher risk. Especially if you consider that they have been issued by the loan originator by their risk based pricing model and then are sold at a lower rate than they were issued at. In short, they're either asking for a lot higher interest rate than would be fair for a borrower (which is unlikely if there is competition in the market) or they are selling to investors way below the actual correct pricing. The latter seems to be more true, especially if you look at the fact that all sorts of loans from 11m duration to 60m are all sold at same interest rate (longer term = higher risk generally), LTVs are 60% to 100% with more skewed towards the 100% etc. I find it highly unlikely that they're all the same risk level, so pricing is definitely not very accurate for investors. I've also cut out Lendo for lack of history (totally new company when listed on Mintos marketplace) and it turns out it's also an associated company to Mintos, which was not disclosed when it was introduced, nor even later, until the person with fake name pointed it out in another thread in facebook group. Today I also don't invest into Hipocredit and Banknote loans anymore, because of the changed legal structure, which seems to mean that you don't really own the investment, and in case of bankruptcy the actual loan that you "purchased", could be part of loan originators' assets in bankruptcy. And to be totally honest, today I don't invest into anything, because all the interest rates have dropped so low that my autoinvest doesn't get any investments for a while already
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andy2001
Member of DD Central
Posts: 361
Likes: 34
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Post by andy2001 on Oct 25, 2016 18:45:06 GMT
I just opened an account with Minto, and it seems that the auto investment fails to invest in loans which even when the meet the criteria of loans on the market.
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Post by thep2pinvestor on Oct 25, 2016 21:07:51 GMT
I just opened an account with Minto, and it seems that the auto investment fails to invest in loans which even when the meet the criteria of loans on the market. This is a problem also discussed in other forums. Apparently only big investors are served in the Auto Investment tool. On the point to know how big is big, I can tell that 20'000 is not enough because I don't get anything since roughly 2 months.
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Post by red_panda on Oct 26, 2016 8:09:55 GMT
I just opened an account with Minto, and it seems that the auto investment fails to invest in loans which even when the meet the criteria of loans on the market. This is a problem also discussed in other forums. Apparently only big investors are served in the Auto Investment tool. On the point to know how big is big, I can tell that 20'000 is not enough because I don't get anything since roughly 2 months. I can debunk that theory for you. I'm a small investor with ~ 1000 Eur in my Mintos account and my auto-investment portfolios work just fine.
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Post by rahafoorum on Oct 26, 2016 10:10:58 GMT
I just opened an account with Minto, and it seems that the auto investment fails to invest in loans which even when the meet the criteria of loans on the market. This is a problem also discussed in other forums. Apparently only big investors are served in the Auto Investment tool. On the point to know how big is big, I can tell that 20'000 is not enough because I don't get anything since roughly 2 months. Your issue is probably either too high interest rate or having set an LTV ceiling (in which case the autoinvest won't invest into loans without LTV) or not having it activated I deposited roughly €1,000 on account and it went out the next day. A few hundred stayed there for days though. So you don't really need much on your account if your criteria actually enable you to invest. Lately though the issue is mainly too low interest rates for my autoinvest.
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vko
Posts: 19
Likes: 2
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Post by vko on Oct 26, 2016 14:16:33 GMT
Please read other older threads too ( like this one). Several members have had this issue and Mintos has also confirmed it here. They like those with more money more and their autoinvest is matched first.
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Post by piotrr on Oct 26, 2016 15:57:15 GMT
Yes, it was true, but it's not anymore. It happened approx. two weeks ago, when there was shortage of loans with buyback on the primary market. But now there are plenty of them.
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vko
Posts: 19
Likes: 2
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Post by vko on Oct 27, 2016 17:00:40 GMT
No, nothing has changed. Everything is as it was before. Investors with more money have their autoinvest matched before those that don't have so much. Please re-read with a thought.
Of course with Banknote back, there is also more Creamfinance and Creditstar (and of course Lendo) on offer even in Primary Market. But try to get a piece of a Aventus loan. Won't happen unless you have a lot of money in Mintos.
Has anyone here got any Aventus? If so, how big was your account when it happened?
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