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Post by nellerdk on Jul 8, 2017 11:17:49 GMT
Looking at the statistics now, the defaulted loans is at 7% while the delayed loans at 15% also the sum of invested is now lower than previous months, is it time to worry now? if this is true, it sounds really bad.
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Post by nellerdk on Jul 8, 2017 11:16:36 GMT
On a yearly basis, I need to report my interest earnings to the tax authorities in my country.
How can I find out what my interest was for e.g. year 2017 on Mintos? Can I see it divided into each year?
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Post by nellerdk on Jul 4, 2017 10:36:59 GMT
Thanks. This is a clear red flag to me if a company that is supposed to be growing starts to fire people and there is no official communication towards the investors. Also these new PG loans don't look good, default rates are staggering. I'm now in process to liquidate my portfolio. Unfortunately some 15% of my investments are now locked in defaulted PG loans, but I should reach break even in 2-3 months. We'll see how it goes. I agree. I think the communication from Twino is a little suspect. I am not investing with them until things are settled, hopefully, over the next few years.
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Post by nellerdk on Jul 3, 2017 14:19:22 GMT
how can you avoid to buy loans, on the secondary market, which you already own?
I really can't figure it out...
thanks in advance :-)
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Post by nellerdk on Jul 3, 2017 10:00:18 GMT
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Post by nellerdk on Jul 2, 2017 11:21:53 GMT
this looks quite bad: BondoraUpdated 01.06.2017 Investment start date: 18.08.2015 Total deposits to Bondora: 26.080€ Net profit according to Bondora: 7.959€ Current account value: 34.040€ Portfolio info Current amount: 15.033,55 Overdue amount: 3.724,78 Defaulted amount: 18.662,08 (!)Total outstanding principal: 37.420,41 Source: financiallyfree.eu/bondora_portfolio/
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Post by nellerdk on Jul 2, 2017 11:03:08 GMT
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Post by nellerdk on Jun 30, 2017 11:08:13 GMT
it seems to be a significant drawback of Bondora, compared to e.g. Mintos, that you can not choose loan duration. Am I wrong about this?
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Post by nellerdk on Jun 29, 2017 16:20:52 GMT
what is your net return, in %, on Bondora, and how long have you invested for?
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Post by nellerdk on Jun 28, 2017 18:51:05 GMT
autoinvest works perfectly for me.
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Post by nellerdk on Jun 28, 2017 18:42:07 GMT
in relation to this link:
kristapsmors.com/2017/05/18/would-i-invest-127k-eur-in-p2p-platforms-bondora-mintos-twino/
he basically recommends Mintos, and not the other platforms. I would tend to agree.
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Post by nellerdk on Jun 28, 2017 13:49:21 GMT
Hi kulerucket. How many euros did you receive in interest in total?
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Post by nellerdk on Jun 28, 2017 10:38:50 GMT
This should be the case indeed. Interest rates paid by the borrowers at Eurocent are in the region of 80-100 %. We got only like 10-12 % with BB Guarantee. So Eurocent took the difference to pay for the BB guarantee. It would be coherent that we get the full interest rate if we take the full risk. This would allow us also to mitigate the dammage somewhat. What's weird though, is that Eurocent was introduced to market barely 3 months ago. You'd expect they check for liquidity, cash flows, processes and such to make sure the companies aren't overexposed and overleveraged?Your question is extremely important. Can someone ask Mintos this question?
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Post by nellerdk on Jun 26, 2017 18:00:46 GMT
I read somewhere that Mintos will try to take over, if a loan originator goes down. Thus, Mintos will try to act as a proxy and the people, who owe money to Mintos users, then pay directly to Mintos, which then distributes the payments to the Mintos users. You can read more comprehensive details, about this practice, on the Mintos website under FAQ. Mintos will take over and manage the re-payments, but if around 20% of personal loans default and get bought back, plus so many of them get extensions and even a higher proportion of those extensions default, everyone should be accepting a risk of losing 30% of money invested in any single originator. just let me get this clear: Are you saying, that if Mintos takes over from Eurocent, then any previous buyback guarantee is no longer in place?
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Post by nellerdk on Jun 26, 2017 17:58:12 GMT
Hundreds. 1. ALWAYS with buyback 2. 11%+ 3. Primary Market Minimum 10E only ( unless VERY special) 4. Set up a filter to your liking 6. On a daily basis hoover up loose change and put it on the secondary market with the same criteria at PAR or DISCOUNT, never at a premium. This will maximise income. 7. Don't be tempted to go for the high roller loans! The return will end up less than the method laid out above why don't you use autoinvest? your section 6. seems to be unnecessary.
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