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Post by boxhamster on Apr 28, 2019 6:50:31 GMT
Hey,
With a minimum of €10/loan, how can I avoid that I have several euros sitting around idly in my account? I am coming from Robocash where the minimum is 1€, so basically all your money gets invested all the time.
thanks!
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Post by Ace on Apr 28, 2019 7:30:24 GMT
You can buy sub-€10 loans on the SM. I don't usually bother though; you're only losing interest on €5 on average, so roughly €0.50 per year.
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Post by hugoncosta on Apr 28, 2019 7:52:30 GMT
You can buy sub-€10 loans on the SM. I don't usually bother though; you're only losing interest on €5 on average, so roughly €0.50 per year. This. You can create a "pocket money ender" autoinvestment profile, basically set the minimum investment to 1 euro, I believe that's the minimum.
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fric
Member of DD Central
Posts: 199 
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Post by fric on Apr 29, 2019 8:04:13 GMT
I usually stay with shorter term loans, where buybacks are more common it seems, thus those few EUR sitting around isn't really a problem, they don't sit there for more than a day or two.
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p2pincome
P2P Blogger
https://p2pincome.eu/
Posts: 27
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Post by p2pincome on Apr 30, 2019 18:26:22 GMT
Hey,
With a minimum of €10/loan, how can I avoid that I have several euros sitting around idly in my account? I am coming from Robocash where the minimum is 1€, so basically all your money gets invested all the time.
thanks!
Loans on the secondary market can be purchased for less than 10€, you can even buy a loan part for just 0.01€. I don't agree that the interest lost is minimal since even the smallest amount compounded over 20-30 years can make a huge difference.
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Post by yoica on May 3, 2019 7:14:08 GMT
Hey,
With a minimum of €10/loan, how can I avoid that I have several euros sitting around idly in my account? I am coming from Robocash where the minimum is 1€, so basically all your money gets invested all the time.
thanks!
Loans on the secondary market can be purchased for less than 10€, you can even buy a loan part for just 0.01€. I don't agree that the interest lost is minimal since even the smallest amount compounded over 20-30 years can make a huge difference. Taking a worst case of always having EUR 9.99 idle you will have ~EUR 300,- less compounded interest after 30 years compared to always being fully invested. Honestly I think EUR 300 interest lost over 30 years is negligible.
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Post by nuno on May 22, 2019 10:46:14 GMT
I never have Money sitting around because I get payments every day and I do most of my investments manually I do have auto invest but only for very specific loan profiles, the rest I do by hand, its a great passtime.
So If I'm left with 21,85 euros I either invest the 21,85€ in one loan or 2 loans, one of 11,85€ another of 10€...
In the eventuality of being left with 1 or 2€ - I always go to the secondary market, there are great oportunities there too
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