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.
It seems my Auto Invest strategy is not working lately even it is set correctly. It's annoying.
I have been using the returns to fund Mexican 16%+, Russian 17% and Kazakh 18% loans with REALLY good returns on cash-back loans!!
You understand the difference between real and nominal returns, right? With eurozone inflation at 0.8% and Kazakhstan inflation at 5.3%, an 18% yield on tenge loans has the same real return as a 13.5% yield on euro ones. I admit 17% is not bad on RUB-denominated investments (equivalent to ~13.8% on euros, with steadily falling inflation). Still, I hope you don't get misled by the nominal rates if currency movements momentarily hide the effects of underlying inflation.
lack of active investors and no fresh money inflow during the holidays -> average return for new I&A jumping to 10.28 %
Exactly as it should do, I have been involved in so many of these where the rates drop when there is plenty of money about and never rise again. For it to remain a fluid marketplace rates must go up as well as down.