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Post by minthero on Sept 21, 2021 15:54:43 GMT
Hello, I want to use every LO on this list that's over 60 explorep2p.com/mintos-lender-ratings/ Then I want to create a strategy for each LO and set a limit for each as I've heard the auto investor won't properly distribute the money otherwise. Then I only want to invest in loans with buy back guarantee. What do you think? I'm invested in EstateGuru(where I basically just take 11% loans 50€ each), Bondora (Go&Grow,but I want to use Portfolio Pro in the future) I heard it's a good thing to have at least 4 p2p platforms. Do you think that's too much or too little? Which fourth platform would you recommend? PeerBerry? Any other recommendations? Is there a discord or chat for p2p investing? This would be 9 LOs, which doesn't seem to be that much to be honest. lutecredit macedonia albania creditstar czech/finland/Spain/poland credius ifn Credissimo AD all mogo credits watu credit uganda limited esto as everest finanse Thank you so much, minthero |
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Post by happylemon on Sept 22, 2021 17:48:06 GMT
Personally I would avoid creditstar at the moment till they will have released the audited Financial Statements of Fiscal Year 2020. They delayed it several times already and broken the promise to publish it during August again.
It's now audited by one of the big 4 (KPMG I think) and I assume they have some issues regarding the impairment calculation (pure speculation from my side). As long the Financial statement is not published, we just do not know...
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Post by minthero on Sept 23, 2021 8:58:18 GMT
Thank you. This makes me question whether this list is actually a reliable source of info. I will take my time with the investment. Maybe read more on the forum here. Better be safe than sorry.
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Post by Ace on Sept 23, 2021 15:08:09 GMT
Hello, I want to use every LO on this list that's over 60 explorep2p.com/mintos-lender-ratings/ Then I want to create a strategy for each LO and set a limit for each as I've heard the auto investor won't properly distribute the money otherwise. Then I only want to invest in loans with buy back guarantee. What do you think? I used this strategy from April 2018 until UK citizens were prevented from taking new loans on Mintos in mid 2019 (I can't recall whether I settled for a minimum score of 60 or 65). My euro account achieved an XIRR of 14.91%. My sterling account achieved an XIRR of 11.76%. Both have fully repaid. I doubt that quite such high returns would be achievable now as rates were falling when I left. It sounds like you're only interested in euro platforms. The only others of those that I've tried are Robocash and Grupeer. As I was unable to continue investing in Mintos and only had relatively small amounts in the others, I decided to exit my euro p2p investments. It just wasn't worth the bother of completing the foreign currency investment section of my UK tax returns for such small amounts. My Robocash experience was pretty good. I achieved an XIRR of 12.44% from early 2018 to mid 2021 when the last of my funds were returned. Grupeer was an entirely different experience. It seemed to be running smoothly until early 2020 when I decided to stop my euro investments and start to withdraw. I still haven't received any of my capital or interest back. If all the capital and interest was returned today, and no further interest was awarded, I would achieve an XIRR of 5.03%, but this seems highly unlikely since the account has been in limbo for over a year now. I'm expecting large percentage losses here. Whether 4 platforms is sufficient really depends on your personal circumstances. If you have 10% or less of your investable assets in P2P then it may well be enough. I have roughly 50% of my investable assets in P2P, so I have vastly more platforms, but that's partly due to enjoyment, experimentation and my own circumstances. My largest platform currently has 18% of my P2P pot (ABLrate). CrowdProperty is second largest at 13%. I would think that 5 to 10 platforms is fairly easily manageable depending on the type of platform, hands-off autoinvest or manual, and how much time you have and enjoyment you get from the activity. Good luck
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