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Post by geldregiertdiewelt on Aug 24, 2019 11:22:27 GMT
I&A rate is dropping fast. Latest rate is just above 10%. Also outside I&A, rates are going down, maybe just back to normal after the peak of the last 2 months.
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Post by jrgndk on Aug 27, 2019 14:53:48 GMT
Mintos and similar platforms target individuals that cannot get any credit from banks and similar institutions. I would somehow argue that the decrease of interest levels affect this target audience.
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Post by geldregiertdiewelt on Aug 27, 2019 20:58:37 GMT
I&A rate is dropping fast. Latest rate is just above 10%. Down to 10.01 % "Average returns if you start investing now".
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toffeeboy
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Post by toffeeboy on Aug 28, 2019 10:15:09 GMT
Mintos and similar platforms target individuals that cannot get any credit from banks and similar institutions. I would somehow argue that the decrease of interest levels affect this target audience. Mintos don't target anyone, they provide finance to the loan originators. They have no contact with the borrowers at all.
The originators offer the loans to us at set rates on Mintos platform, if lenders are prepared to accept lower rates then the originators will obviously try to get lower rates in the same way that we all try to borrow at the lowest rate we can.
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Post by geldregiertdiewelt on Sept 6, 2019 18:14:55 GMT
First time I see A&I below 10% !! 
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benaj
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Post by benaj on Sept 6, 2019 18:35:44 GMT
I am moving money out.
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Post by tomas on Sept 7, 2019 16:17:51 GMT
What is the reason? Will you invest manually or with autoinvest further on?
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benaj
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Post by benaj on Sept 7, 2019 16:27:45 GMT
What is the reason? Will you invest manually or with autoinvest further on? I am running down the account and moving money to other EU platforms. I can't see myself allocating too much in a few LO's while minimising the rate drop.
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Post by jmot on Sept 8, 2019 12:58:19 GMT
What is the reason? Will you invest manually or with autoinvest further on? I am running down the account and moving money to other EU platforms. I can't see myself allocating too much in a few LO's while minimising the rate drop. Can I ask you to which EU platforms you are moving your investments to? And what benefits do you see compared to mintos?
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Post by rahafoorum on Sept 9, 2019 10:07:23 GMT
First time I see A&I below 10% !! Rather pointless figure to look at. It changes as the rates on the market are changing. I believe that rate is simply looking at available qualifying loans on the market and essentially giving you the average. Can't be much more meaningful number than that. Better look at your portfolio and what's the average rate there. Even better, choose LO-s that you consider as good risk/return for your goals and invest into to those with portfolio manager.
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benaj
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Post by benaj on Sept 9, 2019 10:41:51 GMT
Can I ask you to which EU platforms you are moving your investments to? And what benefits do you see compared to mintos? I am trying out some of these platforms. p2pindependentforum.com/post/337440/threadDipping my toes in Viventor, Grupeer
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Nomad
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Post by Nomad on Sept 9, 2019 11:32:07 GMT
Can I ask you to which EU platforms you are moving your investments to? And what benefits do you see compared to mintos? I am trying out some of these platforms. p2pindependentforum.com/post/337440/threadDipping my toes in Viventor, Grupeer I've just added funds to Via Invest. Not sure what'll happen if Brexit goes ahead....
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Post by geldregiertdiewelt on Sept 9, 2019 19:54:06 GMT
First time I see A&I below 10% !! Rather pointless figure to look at. It changes as the rates on the market are changing. I believe that rate is simply looking at available qualifying loans on the market and essentially giving you the average. Can't be much more meaningful number than that. Better look at your portfolio and what's the average rate there. Even better, choose LO-s that you consider as good risk/return for your goals and invest into to those with portfolio manager. Still, assuming that Mintos want's to present I&A as attractive as possible, the I&A rate is certainly a good indicator for the general rate trend on the market, and right now it's going down!
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Post by littleinvestor on Sept 9, 2019 21:51:10 GMT
I think closing accounts on Mintos because the rate goes 2% down during a month, which btw has happened every year till now in September, ..is a bit overreacting..The other loan orginators out there a la bondster,crowdestor,viventor,fast invest,grupeer, all are offering approx 12 to 13%, so is not that you gain a lot more there - and they act mostly with a much lower portfolio than Mintos, so can be much more volatile. The whole economic market is going sideways and a bit down, so obviously you feel this also on the P2P platforms. I find 11% in times that economics are not too bright, is quite a good deal..
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Post by southseacompany on Sept 10, 2019 1:12:42 GMT
I think we're seeing more than just a normal seasonal fluctuation. As a result of the I&A product's success, the supply/demand balance is shifting, and we're going to see permanently lower rates on Mintos vs. its peers. The number of available loans on the primary market is trending down over time, suggesting tightening supply of loans. I don't know if others have the same experience, but I'm also seeing auto invest working much worse than before, presumably as a consequence of I&A having the first pick. I'm sure old timers are familiar with the situation where you have an active auto invest strategy doing nothing while you can see matching loans available on the market. That is getting more frequent for me. Mintos has also added a lot of anti-bot stuff in the last 2 weeks (they now use both Cloudflare's "I am Under Attack" protection and Google's reCAPTCHA), which could have been because someone tried to DDoS them, but I suspect it is mainly intended to make script/bot writers' life more difficult. In fact, I'm often prevented from investing manually with various errors such as the attached picture. I think the writing is on the wall. I&A brings Mintos the kind of customers every business wants: ones that value convenience and are willing to pay for it (in lost potential interest). If you have a balanced portfolio based on careful due diligence, you are no longer in their core target group and would benefit from diversifying to other platforms. Attachments:
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