Invest & Access (Min)

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. 

Hi everyone!

I have 9,13% on Invest & Access.

I only have a limited amount of money on i&A since I prefer custom portfolios.

From time to time I switch off the I&A, sell the lenders I don't want and let the custom portfolio absorb new loans with the spare cash generated by the sale.

Doing so I keep free of the lowest rated loan originators, but at the same time I have the advantage of the (almost) instant cash of the I&A on a part of my portfolio.

Here are the loans:

Mogo
19.02%

IDF EURASIA
18.53%

Akulaku
14.72%

Watu Credit
6.77%

ExpressCredit
6.64%

IuteCredit
5.92%

Everest Finanse
5.74%

Mikro Kapital
2.79%

AgroCredit
2.68%

DelfinGroup
1.98%

Aasa
1.96%

Capital Service
1.75%
15
Finitera
1.74%

Dinerito
1.64%

ID Finance
1.34%

CashCredit
1.12%

Placet Group
0.87%

Mozipo Group
0.79%

GetBucks
0.77%

ESTO
0.64%

Finclusion
0.63%

Creamfinance
0.58%

Credius
0.42%

Peachy
0.32%

Kredit Pintar
0.24%

Creditstar
0.16%

Stik Credit
0.12%

Dozarplati
0.09%

Fireof
0.05%

Thank you for wishing me good luck!

Today 99,8% of my Akulaku loans are on time.

Akulaku only represent less than 2% of my portfolio, so even if they'd go belly up I won't worry too much. The rest of the portfolio is performing well (so far).

BTW, I'd never buy Akulaku loans on purpose with my custom portfolio because they only serve indirect loans.

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.

⭕️ Well, I respect your point of view but, to be honest, I think that 10% interest is already very high.

Personally, I am not looking for higher returns on my peer to peer loans.

Rather, I am fully aware of the risks of investing in this way.

So I try to analyse and control the variables at my disposal (especially on Mintos where it is possible) to reduce the risks.

Mintos is the P2P that offers more data to analyze, so it is worth spending some time to find a better risk/return balance.

Not losing money is my priority.

Returns come later.