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Post by jabardolas on Feb 21, 2016 12:07:28 GMT
Almost all the baltic p2p companies offer better rates.
You have so many that give more than 10%, although I can only recomend Mintos and SavingStream (I am invested in these ones). You can also check the following, FellowFinance, estateguru, finbee, investly, omaraha, savy or even viventor.
I think this is a great opportunity for me to test one or two of the companies I mentioned above.
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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 22, 2016 8:09:16 GMT
There are now no higher rate loans left, only loans at 10%.
I put more money into Twino than any other platform because the opportunity to make a high return seemed to outweigh the platform risk compared to others. My return so far shows 16.7%, but the drop to 10% across the board makes a huge difference and has come all at once without warning. This drop is too much for me to reinvest repayments and will result in withdrawals until a more competitive rate appears. I am very disappointed.
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lee
Posts: 18
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Post by lee on Feb 22, 2016 10:09:40 GMT
I just started investing in beginning of february. Managed to invest 12 000. but i guess that i will take it all out and invest in Mintos and somwhere else.
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Post by pedrolopes on Feb 22, 2016 13:05:11 GMT
Feels like Bondora all over again... I begun using Twino in August 2015, I had a good run, +15% XIRR. I already have 7 lending platform accounts, I was phasing out one (Bondora), now I guess I will be phasing out Twino and maybe EstateGuru as well. They said it: they have too much liquidity from lenders and not enough borrowers, so.... it is not that estrange, certainly their business model will suffer. Whenever this companies grow beyond their means this kind of things ends up happening sooner or later.
Best regards.
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Post by red_panda on Feb 22, 2016 13:57:39 GMT
Feels like Bondora all over again... I begun using Twino in August 2015, I had a good run, +15% XIRR. I already have 7 lending platform accounts, I was phasing out one (Bondora), now I guess I will be phasing out Twino and maybe EstateGuru as well. They said it: they have too much liquidity from lenders and not enough borrowers, so.... it is not that estrange, certainly their business model will suffer. Whenever this companies grow beyond their means this kind of things ends up happening sooner or later. Best regards. may I ask the reason for phasing out of EstateGuru? I have a small position there myself...
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yacop
Posts: 68
Likes: 42
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Post by yacop on Feb 22, 2016 22:05:16 GMT
Feels like Bondora all over again... I begun using Twino in August 2015, I had a good run, +15% XIRR. I already have 7 lending platform accounts, I was phasing out one (Bondora), now I guess I will be phasing out Twino and maybe EstateGuru as well. They said it: they have too much liquidity from lenders and not enough borrowers, so.... it is not that estrange, certainly their business model will suffer. Whenever this companies grow beyond their means this kind of things ends up happening sooner or later. Best regards. I can not believe that there loan supply was short. Whenever I searched the platform, there was always 20+ pages of loans of 12.9% available. Most of the investors wanted the 14.9% and therefore 12.9% did not get filled. Yes, it feels like Bondora with Jev at the steering wheel instead of Pärtel. Here is what you could have done. In order to keep the interest linked to underlying risk of the borrower but also increase investors' s appetite for prime borrowers (hope it is not just marketing slang, Jev) you could have bound the autoinvest to invest in accordance with the weighted average interest of the outstanding principal of any investor. The lower this figure the more of the 14.9% will allocated to this investor hence increasing the average interest rate. But slashing interest rates to 10% across the board may just imply that the underlying scoring is inadequate and the spread must be increased.
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Post by pedrolopes on Feb 23, 2016 9:54:01 GMT
may I ask the reason for phasing out of EstateGuru? I have a small position there myself... Greetings, For 3 reasons: 1- Not enough investment opportunities are added to the platform, therefore some of my money ends up staying idle instead of earning interest, last month I think they only had 3 projects listed for investment. 2- The average interest rates of these loans are too low (~10%) and the recovery process of any defaulted loan might take years from what I could tell (too much risk for so little interest). 3- The same gentleman who runs bondora since the disastrous year of 2014 is also behind EstateGuru project... Despite the fact that he is my fellow countryman, I simply can't trust him or any project that he gets involved into, it is just a feeling of distrust that I can't shake away. His mane is João P. S. Monteiro, he is currently the chairman of Bondora: www.bondora.co.uk/en/about-us EstateGuru Laiendasime osanikeringi: source: estateguru.eu/about/blogBest regards.
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Post by pedrolopes on Feb 23, 2016 10:04:52 GMT
Here you can see a text in English about Monteiro's relation to EstateGuru, he is a "Partner/Advisor": estateguru.eu/about/meet
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Post by red_panda on Feb 25, 2016 13:48:11 GMT
Here you can see a text in English about Monteiro's relation to EstateGuru, he is a "Partner/Advisor": estateguru.eu/about/meetthanks pedrolopes , as I posted in EstateGuru's board, I will not be increasing my position in that platform also for reasons of not responding to me... (per my comment, EstateGuru has come back and confirmed secondary market will be launched soon)
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Post by redbull666 on Mar 4, 2016 15:35:13 GMT
The number of pages with available loans has shot up from 40-50 to over 110 now.
Great success!
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Post by picky on Mar 5, 2016 16:02:23 GMT
The number of pages with available loans has shot up from 40-50 to over 110 now. Great success! Yes, I noticed it too. I am wondering that maybe in a certain period of time they will increase the %. Just the questions are when (if) it happen and how big the increase would be...
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Mar 5, 2016 17:06:19 GMT
Would you trust the system if they suddenly increase it to 12%? It might well be for only few months before the other immediate reduction.
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Post by picky on Mar 6, 2016 10:15:11 GMT
What is the practise in other platforms? I have little experience myself, but in Mintos both Banknote and Creamfinance changed it as well without any notice. So, I guess it is just a part of business.
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Post by captainconfident on Mar 6, 2016 13:41:43 GMT
We are offered a buy back guarantee by Twino. While a 15% return is very nice, the risk is all with the stability of the platform itself. If a reduction to 10% is what is needed to firm up the viability of the platform, than that is for the best for all parties.
Was that the rationale for making the change? Not exactly. But the sense seemed to be that they would prefer to deal in higher quality loans , wwhich should lead to more platform security. Have I understood this right?
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Post by wiseclerk on Mar 6, 2016 14:26:11 GMT
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