Anyone can share how his portfolio is performing here ?
I have tested it for a while with 1,000 EUR. My average rate was moving between 9.4 and 9.8 %, which seems okay for a diversified EUR portfolio on Mintos these days. But after a few months of testing I decided just a few days ago to stop and unwind my I&A and go back to 100% Auto Invest portfolios for two reasons:
1. It's not an improvement regarding liquidity. Like with Auto Invest, some 25 to 30 % of I&A loans end up being delayed and are therefore unavailable for chash-out, you have to wait for the buyback to kick in.
2. and more important: I&A selects a dispropotionate number of loans from shady loan originators or loans with durations that you would always like to avoid, and which you can easily avoid setting your Auto Invests properly.
So I&A looks and feels like loan leftovers just thrown together, with no apparent upside of any kind. In my opinion no reasonable investor needs it.
Akulaku... The credit compagny that doesn't get the money back, only to make losses every year, even before Covid when the economy were strong. They had a good score on ExploreP2P due to growth and quality reports. Sure.. Let me lose millions and i provide you the prettiest report you 've never seen, full of negative numbers. Good luck getting the money back.
With the sequential extensions, even my Varks loans are technically on time... I ranted about Akulaku overponderated in the I&A, and its score exagerated due to have good marks on lesser important points. I love P2Pexplore, but this time he got it wrong. A super-loss-making business, except if it's creating its own market (Uber, Amazon...) is worth nothing.
Post by Sal from RevenueLand on Jun 12, 2020 8:16:03 GMT
I don't know you, but I've managed not to worry about it for more than 4 years and the late +60 rate I have on Mintos doesn't reach 1%. I have only 2 overdue loans (I think now irrecoverable) from Aforti and a reasonable amount in pending payments. So far I have treated 67000 loans, and the delays before the 2020 crisis have always been recovered. I am confident that this will continue. On the other hand I am quite ready to some default if an asset like this is paying me 11% yearly. It would be just normal. The website you mention is doing a great job, but of course things are changing at the speed of light these days. I'd put more weight on the reporting, auditing, age and size. Mintos should be more careful when boarding new lenders, but as they said lately, one of the priorities (before crisis) was to match the demand for loans to the offer. As we know the demand growth was exponential last year.
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