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Post by thep2pinvestor on Apr 6, 2016 5:48:04 GMT
I'm new to Mintos. I transfered a small amount of 2'000 EUR into my account with value date 1/4/2016 to see how all this works out. Ok, I agree it's rather recent. In the meantime, I received already 11 cts in interest which I'm happy about. The return shown is 8,71 % since then. However, due to rounding errors my account stands at 1998,97. Its great to have 11 cts as interest but if I loose 10 times the interest amount in rounding errors, this is a bad start. At the end, the return for me is negative up to now, even so i'm shown a yield of 8,71 %. Did anyone of you guys encounter similar issues when starting to invest with Mintos ?
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Post by falconet on Apr 6, 2016 12:25:50 GMT
I'm new to Mintos. I transfered a small amount of 2'000 EUR into my account with value date 1/4/2016 to see how all this works out. Ok, I agree it's rather recent. In the meantime, I received already 11 cts in interest which I'm happy about. The return shown is 8,71 % since then. However, due to rounding errors my account stands at 1998,97. Its great to have 11 cts as interest but if I loose 10 times the interest amount in rounding errors, this is a bad start. At the end, the return for me is negative up to now, even so i'm shown a yield of 8,71 %. Did anyone of you guys encounter similar issues when starting to invest with Mintos ? Did you invest in the primary market or the secondary one? Did you sell off any loans?
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Post by thep2pinvestor on Apr 6, 2016 14:04:44 GMT
Thanks for your reply Falconet !
I bought a couple of loans in the secondary market indeed. No sales.
Do you think the difference is the premium I paid ?
Best
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Apr 6, 2016 17:51:21 GMT
Sure. The difference should be equal to premium paid for loans.
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Post by falconet on Apr 6, 2016 20:42:59 GMT
Yeap, what p2pmaster said
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