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Post by flyinvestor86 on Jul 12, 2018 8:32:41 GMT
Hi!
I’ve been investing in mintos for the last 6 months using the auto invest tool and have now loans from 18 diferent originators.
I noticed that in the last two months the interest rates of all the originators I am investing in have been decreasing approximately 2% in average.
Does anyone noticed the same? Is it something cyclical and the rates will rise up again? Or is it the end of the 12-14% interest loans?
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fric
Member of DD Central
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Post by fric on Jul 12, 2018 8:44:52 GMT
It changes over time, generally seems to going up and down probably depending on supply/demand of both loans and the money from investors. Also you can clearly see loan originators competing - someone makes a cashback campaign, Mogo follows, somebody is increasing interest rates, others follow. Mozipo is my favourite in this regard - they often had interest rates like 15.1%, 13.6% etc. Just to a bit higher than others and their regular .0 or .5 increments. With that +0.1 strategy they will be bought always first.
I still have some 10-12% Mogo car loans. They have also been 13-14% at some point. Varks, Bino and few others were 14-15% few weeks ago, now at 12.5%. There were times when I was able to sell 13.5% Mogo loans on the secondary market with premium, in like last half a year, no way in selling with premium really.
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Post by flyinvestor86 on Jul 13, 2018 8:30:09 GMT
The problem with these changes is that I need to tune my auto invest settings almost everyday so my cash dont get stuck.
Hope this tendency will change soon.
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lbh
New Member
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Post by lbh on Jul 13, 2018 11:13:06 GMT
The problem with these changes is that I need to tune my auto invest settings almost everyday so my cash dont get stuck. Hope this tendency will change soon. Exactly! These days passive investing on Mintos is not so passive anymore 
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Post by rahafoorum on Jul 14, 2018 7:48:15 GMT
The problem with these changes is that I need to tune my auto invest settings almost everyday so my cash dont get stuck. Hope this tendency will change soon. Invest with the interest rate you're fine with and you won't have to change anything daily. Coming down to the level offered, even if it's lower than your investment criteria, is not a very good approach and is one of the reasons why it is coming down further.
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fric
Member of DD Central
Posts: 199
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Post by fric on Jul 16, 2018 8:46:38 GMT
The problem with these changes is that I need to tune my auto invest settings almost everyday so my cash dont get stuck. Hope this tendency will change soon. You can also use the auto-invest priorities to your advantage. Auto-invest goes from the upper one to bottom. So for example you can put in the upper slot an auto-invest plan for lets say buyback loans with 15% as a top priority, than a second plan lower interest rate plan from a/b/c originators, if nothing matching that criteria, you go to another plan etc. AND for example if there no loans available for any of your priorities, you can just put lets say short term (1 month loans) at any interest rates, just so you don't get any cash drag.
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Post by rimvydukas on Jul 23, 2018 13:00:09 GMT
It changes over time, generally seems to going up and down probably depending on supply/demand of both loans and the money from investors. Also you can clearly see loan originators competing - someone makes a cashback campaign, Mogo follows, somebody is increasing interest rates, others follow. Mozipo is my favourite in this regard - they often had interest rates like 15.1%, 13.6% etc. Just to a bit higher than others and their regular .0 or .5 increments. With that +0.1 strategy they will be bought always first. I still have some 10-12% Mogo car loans. They have also been 13-14% at some point. Varks, Bino and few others were 14-15% few weeks ago, now at 12.5%. There were times when I was able to sell 13.5% Mogo loans on the secondary market with premium, in like last half a year, no way in selling with premium really. Varks now is 10.5 and Bino is 11. I'm going to cry:( There are no Lendo's short term loans at all anymore:(
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kulerucket
Member of DD Central
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Post by kulerucket on Aug 1, 2018 8:55:46 GMT
Makes me glad I have diversified across long and short term loans. I still have a fairly substantial holding of long term 13/14% loans.
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Post by flyinvestor86 on Aug 1, 2018 13:16:54 GMT
I won´t invest in loans with less than 9% return, and only short-term´s. I think everybody should have some kind of limit and shouldn´t accept going below. That´s why the interests are decreasing so fast, there is always someone who is going to buy no matter the %%.
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fric
Member of DD Central
Posts: 199
Likes: 79
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Post by fric on Aug 1, 2018 13:31:47 GMT
I won´t invest in loans with less than 9% return, and only short-term´s. I think everybody should have some kind of limit and shouldn´t accept going below. That´s why the interests are decreasing so fast, there is always someone who is going to buy no matter the %%. Well, I don't think the majority of investors just sell off and leave at the first sign of decreasing interest rates. I still have quite a few loans from 12-15%, and I'm just reinvesting the free money into short term (1 month loans) atm at those low rates. If it doesn't pick up in the coming months, I might actually withdraw and invest it elsewhere. But there is also a chance it will eventually pick up again.
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Post by flyinvestor86 on Aug 1, 2018 20:58:33 GMT
I won´t invest in loans with less than 9% return, and only short-term´s. I think everybody should have some kind of limit and shouldn´t accept going below. That´s why the interests are decreasing so fast, there is always someone who is going to buy no matter the %%. Well, I don't think the majority of investors just sell off and leave at the first sign of decreasing interest rates. I still have quite a few loans from 12-15%, and I'm just reinvesting the free money into short term (1 month loans) atm at those low rates. If it doesn't pick up in the coming months, I might actually withdraw and invest it elsewhere. But there is also a chance it will eventually pick up again. Same for me 
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Post by zmwlf on Aug 3, 2018 18:33:54 GMT
I have done similar observations as other people in this thread.
Right now the maximum interest rate is 9 % for
Euro loan
Short term loans (bullit, less than a month) Buyback guarantee Loan status is current
Similar loans were available two months ago at 13 % - 14 %
Rates took a significant drop when mogo issued their latest bond, some one month ago.
But, the number og available primary market loans seems to be increasing. From yesterday morning to this evening it's increased from 55.000 to 64.000 loans (!!)
I guess that it wont be long before rates start rising again 
I have stopped reinvesting until rates are back above 11 %, maybe 12 %.
Be patient.
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Post by zmwlf on Aug 5, 2018 9:38:56 GMT
From yesterday morning to this evening it's increased from 55.000 to 64.000 loans (!!)
Now, 68.200 primary market loans are available. Be patient.
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Kyrios
Member of DD Central
Posts: 90
Likes: 135
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Post by Kyrios on Aug 6, 2018 9:09:00 GMT
Hi! I’ve been investing in mintos for the last 6 months using the auto invest tool and have now loans from 18 diferent originators. I noticed that in the last two months the interest rates of all the originators I am investing in have been decreasing approximately 2% in average. Does anyone noticed the same? Is it something cyclical and the rates will rise up again? Or is it the end of the 12-14% interest loans? I had noticed the same, but it seems to have partially reversed Maybe it's a question of expected offer and demand at a given time...
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Post by zmwlf on Aug 6, 2018 13:26:08 GMT
From yesterday morning to this evening it's increased from 55.000 to 64.000 loans (!!)
Now, 68.200 primary market loans are available. Be patient.
69.300 primary loans available right now. This bubble is gonna burst when the loan originators run out of cash. Rates will jump high.
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