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Post by nellerdk on Jul 22, 2018 13:02:09 GMT
right now, when I look on the primary market, with these criteria: EURO, buyback guarantee
the highest yielding loans are at 11,5% interest rate?
Is this new? I think they used to be higher...
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Post by pedro29 on Jul 22, 2018 15:28:35 GMT
Mogo don't think i'm gonna rebuy those 13% 14% loans to 11% now. I won't drop from 13% for any originator, for 12% there are plenty other platforms where my portfololio can be more diversified.
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lbh
New Member
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Post by lbh on Jul 22, 2018 17:09:25 GMT
Mogo don't think i'm gonna rebuy those 13% 14% loans to 11% now. I won't drop from 13% for any originator, for 12% there are plenty other platforms where my portfololio can be more diversified. What other platforms?
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Post by pedro29 on Jul 22, 2018 17:24:39 GMT
robocash
grupeer crowdestaste bulkestate
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Post by geldregiertdiewelt on Jul 22, 2018 20:38:40 GMT
and Peerberry
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Post by geldregiertdiewelt on Jul 22, 2018 20:55:31 GMT
right now, when I look on the primary market, with these criteria: EURO, buyback guarantee
the highest yielding loans are at 11,5% interest rate?
Is this new? I think they used to be higher...
definitely true! top interest rates for loans denoted in € came down by 1 - 2 % over the last weeks, and also less new loans too much investor money available, i guess
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Post by rimvydukas on Jul 23, 2018 3:42:20 GMT
Mintos support says it is because of summer. Less loans taken - lower interest rate. And for my short term loans - highest interest rate is 11%. It seems that every loan originator lowered short term loans interest rates at one time:/
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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 Jul 23, 2018 6:20:26 GMT
They are taking advantage of all the money pouring in from buybacks. Too much spare cash on the platform so the rates offered are lowered, as happened with Twino. I hope it is only temporary.
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Post by rahafoorum on Jul 23, 2018 19:15:50 GMT
They are taking advantage of all the money pouring in from buybacks. Too much spare cash on the platform so the rates offered are lowered, as happened with Twino. I hope it is only temporary. Depends on what investors will do.
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ptr120
Member of DD Central
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Post by ptr120 on Jul 23, 2018 21:24:32 GMT
I won't be investing anywhere at less than 12%. With drops on Mintos and Do Finance, I wonder which should be my next home for Euro P2P?
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Post by patright on Jul 24, 2018 6:39:21 GMT
let's face it, a storm is coming in the financial world, all of those P2P investment in which I am also heavily involved will crash..all the individuals borrowing at those rate will be the first one to go down when the market turn..and it will turn as it always does. The riskier one now based on current prices is the real estate type of P2P which should probably be exited asap, as a matter of fact auto loans is also pretty risky I won't even go into the quick loan that most people use to buy even groceries these days..
I am reducing my position personally and while no expert etc...not a financial advisor but look at the data yourself and make your own mind
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Post by flyinvestor86 on Jul 24, 2018 8:36:41 GMT
Mintos is starting to be a joke. 3 days ago I created a new auto invest portofolio with only one loan originator (Simbo). I have never invested in it because of the low interest rate, but three days ago they had some of the highest (10,5%) with hundreds of them. Today as I log into mintos I´m suprised to see so much money uninvested, then when I check my auto invest portofolios I realized that the 10,5% Simbo´s loans had all disappeared. !!
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Post by extremis on Jul 24, 2018 9:48:22 GMT
let's face it, a storm is coming in the financial world, all of those P2P investment in which I am also heavily involved will crash..all the individuals borrowing at those rate will be the first one to go down when the market turn..and it will turn as it always does. Yes, there will always be a downturn, but what are the signs that make you think it will be in the near future? Also, even in an economic downturn, there is still a good chance that some p2p platforms will survive (Zopa did in the last economic crisis). Of course, if an economic downturn is imminent, then you are right, it is much safer to withdraw all money from p2p investments and deposit them in a bank account.
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dandy
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Post by dandy on Jul 24, 2018 10:15:09 GMT
let's face it, a storm is coming in the financial world, all of those P2P investment in which I am also heavily involved will crash..all the individuals borrowing at those rate will be the first one to go down when the market turn..and it will turn as it always does. Yes, there will always be a downturn, but what are the signs that make you think it will be in the near future? Also, even in an economic downturn, there is still a good chance that some p2p platforms will survive (Zopa did in the last economic crisis). Of course, if an economic downturn is imminent, then you are right, it is much safer to withdraw all money from p2p investments and deposit them in a bank account. I do not think the market will 'crash' for the simple reason it is not a real market anymore - the market is essentially controlled by QE andlow interest rates supporting asset prices such as property and shares. If it wasn't the 'market' would have totally ceased to function 10 years ago, never mind a crash. Govt now controls the market directly and all the niches within it - for example SDLT changes mean falling London/high-end market. As for a wider world financial crash that probably will happen one day at which point nothing is safe certainly not a UK govt debt nor any fiat currency
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fric
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Post by fric on Jul 24, 2018 10:15:28 GMT
let's face it, a storm is coming in the financial world, all of those P2P investment in which I am also heavily involved will crash..all the individuals borrowing at those rate will be the first one to go down when the market turn..and it will turn as it always does. The riskier one now based on current prices is the real estate type of P2P which should probably be exited asap, as a matter of fact auto loans is also pretty risky I won't even go into the quick loan that most people use to buy even groceries these days.. I am reducing my position personally and while no expert etc...not a financial advisor but look at the data yourself and make your own mind Sure, it may come at some point, we don't know when and how. Doom & gloomers have been saying that a crash bigger than the previous one is coming since like 2014 or something. Sure, if you repeat the same thing over and over again each year, you will be correct once. Its like a stalled clock - its correct twice a day... The current drop in interest rates has nothing to do with actual problems or a crisis. Its just a simple issue of supply and demand of money. Mogo issued a big bond repurchasing their loans, lots of free money - it hasto go somewhere, so every other decent loan got bought up. Other loan originators see this and they lower their interest as well, because why not if the supply of higher interest loans is not there and there are a lot of uninvested money lying around. We have seen dips before (not so sudden and big though), my guess is it will go up eventually in the next months. The only problem I see and a thing I don't like is that the investments are less attractive. You might think lower interest rate means safer loans, right? It usually is like that, but not in this situation. The loans are the same, the companies are the same, the clients are the same with weak income and high risk of defaults. The loan originators are cashing in their extra profit because what we see on mintos has no influence on the real loans given out to people. Those interest rates are the same, loan originators are just getting their source of money cheaper. Loan originators are profiting more than before on this rate dip, we are just the losers. What I mean by my last sentence is: loan originator gets 100 eur from investors @ 14% and will pay back 114 eur in a year. He than loans the 100 eur to a client with 70% interest rate and gets back 170 eur. So thats 56 of eur to cover administrative costs, defaults and profit. So when they lower the interest rates on mintos, to lets say 9%, it means they now have 61 eur to cover those expenses compared to 56 before.
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