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Post by kilozulu on Jun 18, 2020 6:37:33 GMT
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Post by kilozulu on Feb 24, 2018 19:53:13 GMT
Not sure I see how this macro is relevant. The bank in question is serving mostly non-residents (read - CEE dirty money), thus has limited connection to Latvian market despite being located in Riga. On the general topic itself, I'm getting a feeling Mintos is often taking in very small weak lenders, which may be all fine until the relevant economies grow, but will be a bloodbath once the music stops.
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Post by kilozulu on Feb 9, 2018 18:03:32 GMT
Either 750k € new money came to portal and all mogo 60months+ loans got purchased or did Mogo removed them? News was Mogo just issued 10m bonds at 10% rate, no wonder they pulled out. But there are a few 72month loans back just now.
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Post by kilozulu on Jan 13, 2018 8:50:27 GMT
Mintos has added an investment structure filter (Direct/Indirect) both in PM, SM and Autoinvest. That's a great addition imho! Keep up the good work, Mintos! direct means you get first rights on the particular loan repayment in case the buyback guarantee defaults? and indirect that you just have a general claim against defaulted originator in that case?
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General P2x Discussion
Newbie tips
Jan 6, 2018 20:24:15 GMT
Liz likes this
Post by kilozulu on Jan 6, 2018 20:24:15 GMT
Hello, my name is Inês and I am Portuguese. I found this forum by chance and did not even know the P2P loans. After finding this forum I started looking for information through the forum and on the Internet but it is so much information that it becomes quite confusing for those who want to start. I have some doubts and hoped that you could help me: 1.Is there any ideal platform to start? 2. As I use Euros, is it advantageous to use platforms in other currencies? 3.How do I know the reputation of the platforms and if they are reliable? 4.Is it ideal to invest low / medium values on different platforms? 5. How many platforms do you think is ideal to invest in the first year for someone who is still learning? 6.Is there any resource that you advise me where I can learn more from? Thanks to all who respond and good investments Mintos is the platform to start at. It is the biggest EUR platform in Europe, and most profitable between the decent ones. Just keep to "Buyback guaranteed" loans, the non-guaranteed ones do not have rates justifiying the extra risk.
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Post by kilozulu on Jan 2, 2018 17:57:13 GMT
That is alarming. Financial companies usually have their accounts ready in the first few months after year's close, as they opperate with numbers and that's their power (i.e. scoring, big data, proprietary models, etc...). Previously I have included TWINO in clients' portfolio, but have removed it since no financial statements were presented. Overdue levels are too high and PG model is only useful to TWINO. My hypothesis is Twino simply doesn't care at this moment about a few investors who are sensitive about the availability or not of financial statements. It is clear they currently have more investors than they have loans available, thus Twino is able to get away with sub-par 10% average rate and still get as much funding as they need. Which shows the dominant proportion of investors don't care. Possibly Twino can save a few 10ks by packaging work for auditors for 2016 and 2017, but more likely the 2016 doesn't look too good as well. Still, in recent interviews Twino CEO, Mr.Broks was quite a bullish about performance in general, so 2016 could have been hit by one-off costs or write downs. He said failed Mexico expansion cost 1m capital loss. In any case, December gave a great opportunity to dump 12-13% Twino loans and move into 16% effective rate Mogo's overnight
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Post by kilozulu on Dec 22, 2017 20:43:36 GMT
We will soon be launching a paid referral scheme to help bring in new businesses. This means you and your friends can earn a bit of extra income by referring your business contacts to Investly. The scheme should be ready in a week or two, detailed information will follow after that.
Invoice discounting (United Kingdom) month volume: £94,000 total volume in 2016: £365,000 historical annualised return: 13.0% average duration: 32 days repaid: 59 (out of 76 sold) overdue rate*: 0.00% default rate*: 0.00% Invoice discounting (Estonia) month volume: €600,000 total volume in 2016: €3,808,000 historical annualised return: 12.4% average duration: 32 days repaid: 201 (out of 258 sold) overdue rate*: 0.27% default rate*: 0.00% * When an invoice is fully or partially overdue more than 45 days, the outstanding amount is counted as overdue. If more than 120 days have passed since the payment date, the outstanding amount is counted as defaulted. Is the platform still alive? No statistics posted since Jan, couldn't find anything also on website
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Post by kilozulu on Dec 22, 2017 15:30:32 GMT
Shouldn't Mintos be moved into general p2p platform cohort, next to other GBP sites in root directory here? I'm not sure I understand. Looking at the site the loans in GBP seem to be to borrowers in Poland - which is in the Euro. Mogo, originator on Mintos issues in Polish zloti, takes on the currency risk by converting into GBP, and lists on Mintos in GBP.
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Post by kilozulu on Dec 21, 2017 8:32:15 GMT
...and the fake negative reviews can be easily identified because Bondora doesn't flag them... Now I love a conspiracy but this is getting complicated! Seriously though, what use is Trustpilot if genuine negative reviews can get flagged & pulled? Presumably you are all flagging up the positive reviews you consider fake? Well, Trustpilot apparently is useless if the reviewed website makes a concentrated effort to fake the rating. The regular users can't flag fake reviews, only the reviewed website has that power. And Trustpilot apparently blindly trusts the website, or maybe that's their business model.
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Post by kilozulu on Dec 20, 2017 8:30:48 GMT
hey, there is a new twist to the story ) It seems Bondora started doing some fake negative reviews to discredit the real negative reviews... for example this one: "Bad customer service and lack of modern solutions. Customer service level is 0. No possibility to get a contact with competent person. Really poor interface, functionality is like it's yea 2007. Systems do not work correctly. The email notification and infortmation what I see when logging in are totally different." and the fake negative reviews can be easily identified because Bondora doesn't flag them...
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Post by kilozulu on Dec 20, 2017 7:59:44 GMT
Shouldn't Mintos be moved into general p2p platform cohort, next to other GBP sites in root directory here?
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Post by kilozulu on Dec 20, 2017 7:40:31 GMT
Same experience here. Wrote a honest constructive review, got flagged. Interesting that initially there were about 20 real reviews only and Bondora ratimg at Trustpilot was about 2-2.5 out of 10, and then Bondora apparently spotted it and started flagging negative reviews, whilst out of the blue started flooding those 1-sentence positive reviews, which look like written by a weakly trained chat-bot.
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Post by kilozulu on Dec 4, 2017 19:55:45 GMT
Sorry, this content isn't available at the moment The picture is private and not visible for everyone?
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Post by kilozulu on Dec 3, 2017 13:14:28 GMT
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Post by kilozulu on Dec 2, 2017 14:53:24 GMT
Yesterday was 1 year since I started and it is now approaching 6 months since I stopped reinvesting so I though I would write an update to my original post. Since stopping the portfolio manager, I have now withdrawn 100€ or around 20% of my initial deposit. The distribution of the remaining funds looks like this: Current | 1-7 | 8-15 | 16-30 | 31-60 | 61-90 | 91-120 | 121-150 | 151-180 | 181+ | 52.3% | 3.8% | 1.1% | 3.6% | 6.8% | 2.1% | 3.6% | 4.6% | 6.2% | 15.9% |
Interest earned: 101€ In default: 172€ Contrary to my belief that the interest earned would catch up with defaults by now, it is still well behind. This is due to the fact that even after the loans making 0 payments defaulted, defaults have continued at the same rate as before with loans previously making up to 8 payments on time. They just keep coming. All but 2 of my HR loans have now defaulted and no F grade loans have made it though. Apart from 2 near full recoveries in the summer, I have seen virtually no recovery since. The average has been about 0.15€/month since July. Most defaults are still "Waiting for Court Order" or "Court Order Filed". Interestingly, around half of my defaults are home owners although this seems to make little difference to the recovery. I expect it will after several years when the courts decide to wake up but not yet. Nevertheless, my Bondora calculated return is still 21% which apparently puts me in the top 15%. This rate is steadily declining as the missed principal contribution for default loans increases over time. I will be continuing on with my slow exit but I'm glad I stopped when I did. How certain you are those people declared as home owners actually are homeowners? It's just if you have something to mortgage, can get a better rate loan than Bondora. Unless they already mortgaged, but then you don't get much .
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