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Post by wiseclerk on Jan 25, 2016 7:58:48 GMT
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Jan 25, 2016 9:49:08 GMT
By coincidence my first Mintos loan was also on 25th January 2015. Nearly half my loans are mortgage loans which I bought early on as it seems very difficult to invest in those now unfortunately. The other half are split between cars and business loans with a few personal and invoice. It seems to be increasingly necessary to use the secondary market to reinvest repayments and not too easy to add new funds unless you go for the low interest loans. I don't really like one month loans needing continual reinvestment.
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Post by Butch Cassidy on Jan 25, 2016 10:10:02 GMT
By coincidence my first Mintos loan was also on 25th January 2015. Nearly half my loans are mortgage loans which I bought early on as it seems very difficult to invest in those now unfortunately. The other half are split between cars and business loans with a few personal and invoice. It seems to be increasingly necessary to use the secondary market to reinvest repayments and not too easy to add new funds unless you go for the low interest loans. I don't really like one month loans needing continual reinvestment. I started on 29th Jan with a small E2k test portfolio (like Jamesfrance looking for a platform to replace Bondora). The initial mortgage loans looked good, with rates upto 19%, but as with all good things demand has swamped supply & even the 13% 1 month loans are becoming hard to get; so although I like the platform I can get similar rates from UK platforms without the currency risk so haven't increased my investment. My running return total is 25.6% with a total value just over E2.5k, largely achieved through selling the high return initial loans for a premium on the SM, although I doubt this return could be achieved starting now or with any significantly larger sums as most loans were pretty small. I have been impressed with the default rate (or rather lack of it!) with only E88 overdue by more than 30 days (2 mortgage loans that are still paying approx. 50% of monthly payments)
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Sr. Lobo
Member of DD Central
Posts: 63
Likes: 17
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Post by Sr. Lobo on Jan 25, 2016 18:32:33 GMT
Thanks for sharing your experience wiseclerk why don't you invest in Cream Finance payday loans? I have lots of these ones and no problems so far.
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arnis
New Member
Posts: 5
Likes: 6
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Post by arnis on Feb 13, 2016 12:37:24 GMT
Hi everyone, I registered on this forum to give my feedback as well, since it is now one year after my first investment in Mintos and my first investments overall! I always wanted to invest my money, but couldn't decide where to. I was looking around everywhere - stocks, forex, funds, deposits, but as a beginner with no experience didn't find a right spot. And then I found out about p2p lending and Mintos, I got very interested and started my research about p2p and it got very interesting for me. I registered in Mintos and decided to wait few months to see the progress, to gain some trust. And well, I failed, I think it took less than a week since I registered and did my first deposit I started slow, with 100EUR, since it was my first steps in investments. I was checking carefully each loan, choosing only ones which I liked the best and was diversifying my portfolio as much as possible. At the beginning interest rates were very high, so I ran out of my 100EUR very fast and steadily I was depositing more funds in to my account. I also saw a big potential in secondary market (SM). Every loan which I had, I was putting on SM. My strategy was and still is Liquidity and Money Flow. And well, so far it worked, big % of my income is from SM. I never invested in loans longer than 60 months (I invested in some high rate long terms only to sell them in SM quickly) And I also set my % rate threshold high, so I was investing only in loans with the highest rates. At some points during beginning, my portfolio consisted of loans of ~15% and higher. As the time passed by, as competition for loans got higher, loan rates started to drop. Well, business is business, I guess Mintos sees that demand is growing and they still see that there are investors who will buy loans with interest rate of 12%. Why to put higher rates, right? So now it is harder and harder to get loans with that high interest, so it leaves me with few choices - to lower my interest threshold. But interestingly enough- as lower my threshold goes, as lower the interest rates go along with the increasing demand. Another thing is with the AutoInvest (AI). At the beginning my AI was working perfectly, it was buying new loans. But now, for months I can not get it working. It is hard to understand - is it set wrongly, it does not work correctly or just the competition is so big, that it wont get a chance to buy loans. I even tried to set it very low so it should buy some loans from current Primary Market - still nothing. So it leaves me with two options- set wrongly or it does not work. I tried to change different options (including additional settings, all originators and countries are checked) and still nothing. I do understand each setting of AI and it was working before. And Mintos is claiming that their AI works fine and I have no reason not to believe them. Well, will have to experiment with it even more, I guess... On the other hand- there is an alternative for Mintos, at the moment it has higher interest rates and it is easier to set up AI, for some time I will concentrate on it, hoping that Mintos interest rates will come back a bit and I will be able to set up AI in it. So - for my 1 year statistics: My overall investment in Mintos is 1100EUR and currently my account value is 1229EUR. I can say that I am really happy about my performance (considering that it is my first experience) and I was able to get Net Annual Return at 24.3%! although it is drooping steadily now. Images below:
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Feb 15, 2016 8:28:12 GMT
Amazing returns compared to my 12%+... How time consuming is your portfolio management?
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Feb 15, 2016 11:33:54 GMT
Yes it is quite easy to show a high return by cashing in loans for a quick profit, but it is not really investment and is an activity which deprives investors of loan availability so that they are forced to pay a premium to buy into popular loans, whereas the traders have little money invested with the platform. To me this is abusive behavior which has damaged several platforms from an investment point of view.
The most popular platforms with forum members seem to be those which do not allow markups for resales. I think that Bondora for example started going downhill when they removed the resale premium cap, although apparently a few people had requested it.
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Post by martins on Feb 17, 2016 9:50:51 GMT
We are monitoring activity on the platform for any kind of market abuse. As for premium, it is capped at 20% on our platform. In our opinion, premium plays an important role in market dynamics. Investors who fund the loans on the Primary Market in general take more risk than investors who buy loans on the Secondary Market where in many cases there is already a history of payments. Payment discipline is one of the most important factors to use when determining default risk. A loan with a bunch of successful payments is inherently less risky than a loan that has just been issued. Premium allows to factor this payment information in the loan price.
Investors are not forced to buy loans on the Secondary Market. Thus, the strategy to buy on the Primary Market with an intention to sell with premium on the Secondary Market is risky. Currently, we don't see this type of activity at any meaningful scale on our platform (e.g in January 2016 a total of EUR 37k were sold in the Secondary Market with premium, while the total funded on the Primary Market was EUR 2.9m).
In general, we believe that the market forces are much better in regulating the market than us imposing restrictions.
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elx
New Member
Posts: 2
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Post by elx on Feb 26, 2016 15:40:03 GMT
Awsome results arnis ! Keep up good work.
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Post by andyblue on Mar 3, 2016 18:27:32 GMT
Come on then Arnis, aren't you going to tell us the place you are investing in alongside Mintos with the higher interest rates:
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kelly
New Member
Posts: 1
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Post by kelly on Mar 9, 2016 18:45:26 GMT
I like those one month personal loans very much
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