mp
Posts: 21
Likes: 10
|
Post by mp on Oct 7, 2016 16:58:30 GMT
I was monitoring the Mintos statistics graph, and noticed that the originator's cumulative share was not really increasing for past few months.
I seem to recall that the cumulative total value for originator's share was flat or even reduced a bit for past few months. As Mintos is issuing new loans all the time, and the value was cumulative, it actually may have meant that originator's were perhaps even reducing their share on the old loans - since there must have been some originator's share in the new loans too.
Additionally just recently I noticed that the investor's share is no longer at all visible in the statistics graph, i.e. this info was removed! I hope this is just a small detail that was forgotten in some update instead of a deliberate attempt to hide uncomfortable view from investors. However, we have not seen much investor communications in these forums or site updates either.
Mintos has been working great for me so far, so I hope it is just me being overly paranoid. But this kind of reduced information and investor communication makes me think about the bad experiences with the other P2P portal with name starting with "B", from where I am currently withdrawing as fast as possible.
I think It would be good to hear more from the Mintos team, and get some comments and insights in the forum. This platform has significant share of my P2P portfolio, and I think good and open investor communications and statistics availability are key things to maintain the trust and investor confidence.
--- MP
|
|
|
Post by extremis on Oct 7, 2016 22:02:09 GMT
I have also noticed that investors' and originators' share of cumulative loans funded has recently disappeared; let's hope they will bring it back soon. We need every piece of information we can get in order to judge the financial status of both the loan originators and the platform.
Now, i think the main reason for the originators' share slight decrease in the last few months is the high demand: Mintos was very successful in attracting new investors that bought the majority of loans on PM. Last time i checked there were <2000 loans on PM, while a couple months ago there were 4-6000. Also, there is an unusually high amount of loans sold on SM (primarily with premium) as a result of lower loan supply on PM.
|
|
JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
|
Post by JamesFrance on Oct 8, 2016 7:13:23 GMT
There was also a useful graph on the statistics page which showed the average interest rates for different types of loan. Sorry to see that removed with the recent drop in interest rates and lack of loans for all my auto settings. It is becoming very difficult to find competitive loans to reinvest repayments.
|
|
mp
Posts: 21
Likes: 10
|
Post by mp on Oct 16, 2016 16:15:45 GMT
Yes, rates seem to have gone down a lot even for the longer Mogo loans. Personally I am not anymore willing to buy so long loans at the offered rate. Mintos platform risk and Mogo loan originator risk is too much for me to commit to 70 months at the currently provided rates.
I've set my autoinvest just to pick the short ones (1-6 months) with current repayments in order to shorten the overall portfolio duration. I am accepting a bit lower interest for these (currently 11% auto invest is occasionally picking few loans). Additionally I will probably continue withdraw some funds to reduce my overall investment portfolio risk and exposure to P2P market.
In general I think Mintos really do a lot to could improve in their investor communications in these forums in order to maintain investor confidence. The team is probably reading the forums, but not providing much info or posts. Recently I've seen just a one liner from Martins about some bug...
- MP
|
|
m203
Member of DD Central
Posts: 54
Likes: 6
|
Post by m203 on Oct 18, 2016 11:12:52 GMT
I am deactivating all my autoinvest portfolios for now.
|
|
|
Post by littleinvestor on Oct 18, 2016 13:07:15 GMT
You have to see it differently, investing in 70m loans does not mean you have to stay there till the end. It is definitely worthwhile to invest in 70 months loans if the interest rate is good, if at any moment you want to loose it, the second market will take your loan in no time (with premium). Don't forget that the shorter term loans are mostly finished prematurely, and the time you need to re-invest your money is not laying you any eggs.
|
|