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Post by Sterling @ p2p-millionaire.com on Mar 7, 2019 6:05:06 GMT
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Post by nuno on Mar 21, 2019 15:13:56 GMT
holly fack
1m ? I've read your posts on this forum and you are either the rock star or the biggest fool...
Well 1 million is way a lot more than I have invested in mintos WAYYYYY MORE but I can tell you that I do use the secondary market sometimes and I can atest that at the moment the 2nd market is somehow liquid
I have sold loans there and they did get picked up after some time, but I sold them at equal value And I have bought a few loans there too but I NEVER EVER buy loans with premium, because of the sudden repurchases that originators can make
So if you try to make a living on premium loans, I'm not helping you at all
Cheers
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Post by Sterling @ p2p-millionaire.com on Mar 22, 2019 8:12:27 GMT
holly fack
1m ? I've read your posts on this forum and you are either the rock star or the biggest fool...
Well 1 million is way a lot more than I have invested in mintos WAYYYYY MORE but I can tell you that I do use the secondary market sometimes and I can atest that at the moment the 2nd market is somehow liquid
I have sold loans there and they did get picked up after some time, but I sold them at equal value And I have bought a few loans there too but I NEVER EVER buy loans with premium, because of the sudden repurchases that originators can make
So if you try to make a living on premium loans, I'm not helping you at all
Cheers Rockstar or fool? I guess time will tell  I am comfortable with the risk in my portfolio. These days I worry more about the €1.5m I have in index trackers than I do about the €1.5m I have in P2P lending. Different timelines and different strategies - you can't compare the two. Good call on never buying loans with a premium - as you say, LO repurchases it and you make a straight loss. -Sterling
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