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Post by moneymakingmoney on Oct 25, 2017 0:42:31 GMT
Hi, I've been p2pinvesting for a while now and I thought it would be interesting to create a general overview of active users' favorite platforms and why. Personally my favorites are: Robo.Cash - Little cash drag and stupidly simple to use. Had a few errors with the UI which quickly resolved themselves. Also a plus for the fast replies from customer service. Grupeer - Never had any issues with grupeer and the interest rate is high. It's not really p2p as companies are taking up the loans and providing buyback guarantee. Customer service replied quickly to the bugs and improvements I suggested and they were implemented almost immediately. Mintos - Probably the most trustworthy platform at the moment amongst p2pinvestors. Buyback guarantee seems to work so far. The eurocent incident was scary though, but I haven't experienced it myself. I'm also curious to your thoughts regarding the Eurocent incident Twino - Probably a big runner up to Mintos in credibility. The low(er) interest rates and the cash drag on the platform keep me from investing much more though. EstateGuru - I primarily use this platform to diversify my portfolio. Not too fond of the duration and possible exit strategies, but nevertheless it seems very reliable. Some platforms I'm still testing: Bondora - Probably the first p2p platform I came in touch with. I'm not doing too bad but I invested very little money and I'm probably exiting soon as it seems very unreliable and unstable. No buyback guarantee and very little transparency in how they handle defaults. Omaraha - Estonian loans seem to do well, whereas Slovakian loans (at least for me personally) are doing horrible. Still testing this platform. Feel free to PM me any good tips On top of that I'm using a few other Dutch only investment platforms, but it's probably uninteresting for this forum. I'm currently looking for other platforms to diversify more so I'm hoping people have other favorites! As such please do share your personal favorites and experiences with platforms.
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Post by buttchopf23 on Oct 25, 2017 5:48:38 GMT
Nice list and matches mine. I publish my top 10 semianually on my blog. Although I did not include swaper in my list it recently gained some goodwill with the addition of Russian loans, so the loan supply seems stable at least for now.
Maybe put in Lenndy which I like as well.
We are referring here only to EUR platforms, correct?
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Post by wiseclerk on Oct 25, 2017 7:27:41 GMT
You are pretty heavily relying on platforms with buyback. For some diversification (also geographically), consider Linked Finance, Fellow Finance, Lendix, Lendy, Investly. Regarding Eurocent incident opinions, there is a long discussion of investor opinions here, which you might be able to understand without translation as I assume you are Dutch.
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Post by moneymakingmoney on Oct 26, 2017 1:21:48 GMT
Nice list and matches mine. I publish my top 10 semianually on my blog. Although I did not include swaper in my list it recently gained some goodwill with the addition of Russian loans, so the loan supply seems stable at least for now. Maybe put in Lenndy which I like as well. We are referring here only to EUR platforms, correct? I'm curious to your lenndy experiences. What are pro's and con's you experienced so far?
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Post by moneymakingmoney on Oct 26, 2017 1:25:15 GMT
You are pretty heavily relying on platforms with buyback. For some diversification (also geographically), consider Linked Finance, Fellow Finance, Lendix, Lendy, Investly. Regarding Eurocent incident opinions, there is a long discussion of investor opinions here, which you might be able to understand without translation as I assume you are Dutch. I think it's due to the many defaults many platforms experience and the enormous cash drag as a result, let alone if you get get your money back at all. Omaraha is one which I'm investing in, but still not sure whether I want to continue investing in. Estateguru doesn't have buyback but has mortgage as insurance. Could you share some personal experiences with the platforms you suggested? I don't like making uneducated investments.
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Post by buttchopf23 on Oct 26, 2017 5:49:18 GMT
Nice list and matches mine. I publish my top 10 semianually on my blog. Although I did not include swaper in my list it recently gained some goodwill with the addition of Russian loans, so the loan supply seems stable at least for now. Maybe put in Lenndy which I like as well. We are referring here only to EUR platforms, correct? I'm curious to your lenndy experiences. What are pro's and con's you experienced so far? Pro's: nice yields, great loan supply atm Con's: no bank account yet (sepa should be available anytime soon) -> paysera seems to be a pain in the a.. for most investors, not for me, no ai, a lot of emails for new loans... Maybe some more in here www.p2phero.com/category/lenndy-en/?lang=en for you Btw: I share the opinion that you are buyback loaded, linked finance and/or lendix might be something for your diversification (posts on them on my blog as well). I am happy to to go into detail if you have specific questions.
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Post by wiseclerk on Oct 26, 2017 9:32:36 GMT
Nice list and matches mine. I publish my top 10 semianually on my blog. Although I did not include swaper in my list it recently gained some goodwill with the addition of Russian loans, so the loan supply seems stable at least for now. Maybe put in Lenndy which I like as well. We are referring here only to EUR platforms, correct? I'm curious to your lenndy experiences. What are pro's and con's you experienced so far? www.p2p-banking.com/countries/uk-my-lendy-experience-portfolio-review-after-28-months-investing/P.S.: Sry, I did read Lendy rather then Lenndy
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 26, 2017 23:17:33 GMT
Robo - It's been great up until this month. I'm transferring funds out every few days but I will put them back if loan volume improves. Grupeer - Great so far but I have a cap on the money I am willing to keep in there in spite of the excellent performance and good returns. All of the originators are very small looking at the financial statements provided. Business loans do provide a bit of diversity though. Mintos - The best one, all things considered. I'm not worried about Eurocent. I keep everything spread thinly enough that I can take a couple of originator meltdowns on the chin if necessary. Twino - Still fine for me. I am still selectively picking up some B/C loans when I get the chance as they have paid very well for me. EstateGuru - Good repayment performance recently. I keep it for diversity along with CrowdEstate. I am planning to ramp up these two considerably in the near future as I am over exposed on Personal Loan platforms. I want better diversification. Bondora - terrible recovery performance. I will update my review on here at the 1 year mark but I would not recommend it to anyone. I think that anyone who believes they are doing well either hasn't had enough time to see the true picture or are not looking deeply enough into the real performance. Omaraha - Good but the lack of a SM is a big weakness. Default rate is very low if you avoid Slovakia loans <=800. For Estonia on it's own I get the best returns of any platform (currently running at ~18%). If it wasn't for the 1% withdrawal fee and lack of exit possibilities, I would put more in. But then again, so might everyone else and I wouldn't get any loans. Others I think are worth mentioning: Linked Finance - very strong for me so far and gives me some diversity. Returns not the best but I am going to increase Finbee - very good returns, but lowered a bit my the tax situation. 0 defaults over the year ViaInvest - still chugging away at 12%. Some cash drag but nothing serious. Viventor - Still some drag but not as bad as before. There are a lot more originators now but the returns are only ~10% for me. Investly - Apart from waiting for news on some default loans, I've exited. I don't like the bidding system as it drives down the rates to levels that are not worth the risk. I've never had much in there but I will probably make an loss of 10% by XIRR. Iuvo - Surprisingly good. I wasn't convince by the rates advertised or the fact that you don't get the interest from the buyback, but I seem to do quite well out of buying overdue loans and taking other peoples interest. Lenndy - Good returns but far too manual. buttchopf23 , you can disable those emails in the settings
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Post by buttchopf23 on Oct 27, 2017 6:29:00 GMT
kulerucket I made the same observations. I reinvested my funds from loan repayments with investly to keep a foot in the door, but it is not really worth it. I can't find that disable email option within my lenndy settings. I just see my personal data... funny, I am swedish now as there is no switzerland in the country selection
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 27, 2017 8:15:55 GMT
OK I just checked and it's not actually in the settings. I did disable them though somehow. Maybe there was an Unsubscribe link in the emails?
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Post by buttchopf23 on Oct 27, 2017 9:03:44 GMT
Unsubscribe, yes! Always deleted and not checked. But maybe the interesting stuff is unsubscribed as well
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 27, 2017 11:45:59 GMT
They should have more fine grained control over this. When I have loans pay back I want the emails, but normally not.
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Post by moneymakingmoney on Oct 28, 2017 0:47:17 GMT
I'm curious to your lenndy experiences. What are pro's and con's you experienced so far? Pro's: nice yields, great loan supply atm Con's: no bank account yet (sepa should be available anytime soon) -> paysera seems to be a pain in the a.. for most investors, not for me, no ai, a lot of emails for new loans... Maybe some more in here www.p2phero.com/category/lenndy-en/?lang=en for you Btw: I share the opinion that you are buyback loaded, linked finance and/or lendix might be something for your diversification (posts on them on my blog as well). I am happy to to go into detail if you have specific questions. I agree I'm heavy on buyback loaded, but I prefer these type of investments for obvious reasons. I am still experimenting with omaraha and am keeping an eye on crowdestate as well, but it seems like there are very few loans available and the duration of each loan is horrible compared to other platforms. I'm also investing in a dutch platform called Geldvoorelkaar, which seems to perform well with very low default rate, but also very low returns; e.g. 5-8%. I'm currently looking into Swaper, Lenndy, ViaInvest, Crowdestate as my next platform. Though I have full trust in Grupeer and Robo.Cash atm, I'm still full aware I should diversify a bit more.
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Post by moneymakingmoney on Oct 28, 2017 0:48:47 GMT
Robo - It's been great up until this month. I'm transferring funds out every few days but I will put them back if loan volume improves. Grupeer - Great so far but I have a cap on the money I am willing to keep in there in spite of the excellent performance and good returns. All of the originators are very small looking at the financial statements provided. Business loans do provide a bit of diversity though. Mintos - The best one, all things considered. I'm not worried about Eurocent. I keep everything spread thinly enough that I can take a couple of originator meltdowns on the chin if necessary. Twino - Still fine for me. I am still selectively picking up some B/C loans when I get the chance as they have paid very well for me. EstateGuru - Good repayment performance recently. I keep it for diversity along with CrowdEstate. I am planning to ramp up these two considerably in the near future as I am over exposed on Personal Loan platforms. I want better diversification. Bondora - terrible recovery performance. I will update my review on here at the 1 year mark but I would not recommend it to anyone. I think that anyone who believes they are doing well either hasn't had enough time to see the true picture or are not looking deeply enough into the real performance. Omaraha - Good but the lack of a SM is a big weakness. Default rate is very low if you avoid Slovakia loans <=800. For Estonia on it's own I get the best returns of any platform (currently running at ~18%). If it wasn't for the 1% withdrawal fee and lack of exit possibilities, I would put more in. But then again, so might everyone else and I wouldn't get any loans. Others I think are worth mentioning: Linked Finance - very strong for me so far and gives me some diversity. Returns not the best but I am going to increase Finbee - very good returns, but lowered a bit my the tax situation. 0 defaults over the year ViaInvest - still chugging away at 12%. Some cash drag but nothing serious. Viventor - Still some drag but not as bad as before. There are a lot more originators now but the returns are only ~10% for me. Investly - Apart from waiting for news on some default loans, I've exited. I don't like the bidding system as it drives down the rates to levels that are not worth the risk. I've never had much in there but I will probably make an loss of 10% by XIRR. Iuvo - Surprisingly good. I wasn't convince by the rates advertised or the fact that you don't get the interest from the buyback, but I seem to do quite well out of buying overdue loans and taking other peoples interest. Lenndy - Good returns but far too manual. buttchopf23 , you can disable those emails in the settings Very good post and exactly what I was hoping for creating this thread. Which platform would you suggest out of Iuvo, Finbee, ViaInvest and Lenndy?
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Oct 29, 2017 8:05:09 GMT
It depends on your criteria but if I had to pick one it would be Via. The company publishes financial reports, is a decent size and is profitable. Loan availability is pretty good and a continuous stream of 12% short-term loans is possible. Mmy buyback rate is 21%, which is fairly low compared to other personal loan platforms. Having said that, the website is not very good at all. No exporting loan history to excel and rubbish filtering. No indication of how full your auto investor is.
For pure returns finbee / lenndy are better, but I wouldn't keep a large amount of money in them because without any financial reports I can't judge what the risks are.
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