Post by littleinvestor on Mar 5, 2016 13:45:59 GMT
One month ago I started with Twino and Mintos; in fact I posted on both platforms on the very same date, the exact same amount 10.000 Euros and started the auto-invest at the very same time. The entire amount was invested only in loans with buyback at the same time on both platforms.
The AI in Twino I had scheduled the following: to take whichever loan of 12% or more, and invested the first 4k Euro in pieces of 10 Euro, then I adapted the AI to invest the rest, 6k Euro, in pieces of 50 Euro per loan. As the 14% loans were always very quickly gone before the AI even could get it, I caught only 700 Eur at 14% or more and the rest, 9.3k Euro was invested at 12.9%.
The AI in Mintos I had scheduled the following: to take whichever loan of 11.5% or more as aside of Car loans there was hardly something else to invest in with guarantee on with interests more than 12%. Again i invested the first 4k Euro in pieces of 10 Euro, then I adapted the AI to invest the rest, 6k Euro, in pieces of 50 Euro per loan. Only for 1.5k Euro of my initial investment, the AI managed to push it into Creamfinance loans of 12.5%, the rest 8.5k Euro went into Car loans of what I can see at a rate of 11.75%.
The conclusion after exactly one month is that the interest rate received at Twino is 89 Euro , whilst the interest rate received at Mintos is 48 Euro . I don't think the gap can be explained due the fact at Twino I managed to get 12.9% and in Mintos 11.75; as the return is nearly double and I don't see Mintos catching in - so there most be something else.
Even though I was a bit surprised that Twino, after adding a lot of 14% plus loans around the 15th of February, suddenly announced to decrease all to 10%, I have to say on the positive side it nearly doubled the returns in comparison with Mintos. I think this is because the Twino AI works much faster and easier and myself I had hardly got money idle after returned early payments, whilst with Mintos I found it much harder to get something decent at decent rate of 12% or more with buyback to invest in, as such leaving to money being idle (though it was never more than 200 Euro idle for less than two days, as I re-invested manually).
My biggest fear with Mintos is the secondary market, as it completely kills the nature of being a platform for the passive investor. Some very active investors will make it a sport to get high return loans faster than their rather lazy AI and then sell it on the second market for big premiums; they should forbid this practice to sell with a premium more than 1% unless they put in place a faster AI, or a AI for the secondary market as this kind of practices are a killing for the passive investor. With Twino my fear is mostly the uncertainty due the sudden and steep drop in interest rates, as the easiness of their AI and from what I notice the much higher returns in interest, as well the easiness to get rid of loans over-classes the other platforms.
The AI in Twino I had scheduled the following: to take whichever loan of 12% or more, and invested the first 4k Euro in pieces of 10 Euro, then I adapted the AI to invest the rest, 6k Euro, in pieces of 50 Euro per loan. As the 14% loans were always very quickly gone before the AI even could get it, I caught only 700 Eur at 14% or more and the rest, 9.3k Euro was invested at 12.9%.
The AI in Mintos I had scheduled the following: to take whichever loan of 11.5% or more as aside of Car loans there was hardly something else to invest in with guarantee on with interests more than 12%. Again i invested the first 4k Euro in pieces of 10 Euro, then I adapted the AI to invest the rest, 6k Euro, in pieces of 50 Euro per loan. Only for 1.5k Euro of my initial investment, the AI managed to push it into Creamfinance loans of 12.5%, the rest 8.5k Euro went into Car loans of what I can see at a rate of 11.75%.
The conclusion after exactly one month is that the interest rate received at Twino is 89 Euro , whilst the interest rate received at Mintos is 48 Euro . I don't think the gap can be explained due the fact at Twino I managed to get 12.9% and in Mintos 11.75; as the return is nearly double and I don't see Mintos catching in - so there most be something else.
Even though I was a bit surprised that Twino, after adding a lot of 14% plus loans around the 15th of February, suddenly announced to decrease all to 10%, I have to say on the positive side it nearly doubled the returns in comparison with Mintos. I think this is because the Twino AI works much faster and easier and myself I had hardly got money idle after returned early payments, whilst with Mintos I found it much harder to get something decent at decent rate of 12% or more with buyback to invest in, as such leaving to money being idle (though it was never more than 200 Euro idle for less than two days, as I re-invested manually).
My biggest fear with Mintos is the secondary market, as it completely kills the nature of being a platform for the passive investor. Some very active investors will make it a sport to get high return loans faster than their rather lazy AI and then sell it on the second market for big premiums; they should forbid this practice to sell with a premium more than 1% unless they put in place a faster AI, or a AI for the secondary market as this kind of practices are a killing for the passive investor. With Twino my fear is mostly the uncertainty due the sudden and steep drop in interest rates, as the easiness of their AI and from what I notice the much higher returns in interest, as well the easiness to get rid of loans over-classes the other platforms.