A Peer-to-Peer Lending Investment Blog. I report my income from European peer-to-peer marketplaces. I believe in transparency and that's what you will get. My mission is simple, active financial independence through P2P Income sources.
With summer officially upon us and the weather warming extremely fast here in Greece I am writing this income report right after a relaxing Sunday morning at the beach but will be publishing it a couple of days later. This month I made one deposit of €200 on Grupeer. I really like this platform and its loan performance. So. let’s get right to it.
I will start off with Grupeer because this month they will be running some great cashback promotions and you will have the opportunity to earn an additional +1% cashback in June on PlanetaCash and Finsputnik loans. These loans come with a 13% yield and this cashback will bump their yield to over 14%. Once again this month loan performance has been great with no late payments but this is a little difficult to keep track of, I wish they will update their monitoring tools and make the whole experience more transparent. Grupeer was the only platform I made a deposit this month and the profit from this platform was at €6.48.
The next platform on the list is Kuetzal. The loan performance has been great so far and the payments are always credited to my account the next day of the due date. Kuetzal is on the top of the list this month because of their summer promotion. My profit from Kuetzal was €4.17.
The details are:
Investment amount Cash-back:
1,000€ to 4,999€ = 1% 5,000€ to 9,999€ = 1,5% 10,000€ to 24,999€ = 2% 25,000€ to 49,999€ = 2,5% 50,000€ and more = 3%
This offer is available only during this summer (01.06.2019 – 31.08.2019).
This was a great month for Mintos. The average interest has grown by ~2%, increasing their already attractive interest rate from an average of 11% to 13%. Even the best in class loan originators like Mogo and Banknote had plenty of loans yielding 14%! I chose to invest in Banknote loans mainly this month since I had a lot of Mogo loans already. These loans are long term but I don’t mind. Also, I made 10€ from their internal refer-a-friend campaign. Profit from Mintos was €56.59 (refer-a-friend reward not included).
This platform is honestly great if you don’t mind the slightly lower yields than Mintos or Grupeer. If you invest through the platform you will notice that most of the loans are taken by repeat customers and this is great because they tend to make their payments on time. I also made €20 from the refer-a-friend program and the profit from interest was €2.68.
Crowdestor is publishing many projects lately with very high rates. Currently, there are 3 live projects yielding 18%, 18.5%, and 21% respectively. Loan performance has been great here as well with all payments being made on time. All projects are covered by their BuyBack Fund too. Profit from Crowdestor was €5.30.
What I like about FastInvest is that through their 3-day buyback guarantee you can see the “compounding effect” in their statistics page as portrayed below even at a portfolio as small as mine. Profit from FastInvest was €3.06.
The following Q&A is part of an interview that took place on May 3rd 2019 between me and Alberts Cevers, the CEO of the business crowdfunding platform Kuetzal.
Can you briefly explain to our readers what Kuetzal does?
Answer: Kuetzal is connecting investors from all over the world with promising projects from Europe. All the deals are in debt form and offer fixed returns per concrete timeframe.
Q: Where are the origins of the name “Kuetzal” and what does it actually mean?
A: Initially, we wanted to name the platform Quetzal. It is a rare bird which Aztec and Maya tribes considered as sacred. The bird associated with trust, magnificence, brilliance and we decided to use this name. Another reason is we wanted to differ from competitors which have a lot of invest, lend, crowd in their names. The market is overloaded with such names so we decided to bring freshness. We just made a change from Quetzal to Kuetzal as we believe it will be more Europe-oriented.
Q: Is the platform regulated?
A: There is no licence or regulation in Estonia to acquire for such kind of platform, but we are following best practice written by FinanceEstonia and Deloitte, we are also working directly with attorney-at-law who is the author of that document. Also, the platform is a member of major European crowdfunding community – Eurocrowd. If someday regulation comes to Estonia, we are among the first companies to acquire it.
Q: How is Kuetzal financed?
A: Kuetzal is financed by us, the founders of the company. At the start-up stage, Kuetzal also attracted several private investors.
Q: What has been the greatest challenge in launching Kuetzal?
A: During the launching stage many challenges were faced: team-building, long-term strategy, precise vision and mission, but the main challenge I believe was to automate the process. As the main advantage of p2p platforms and fintech in general is the fast, transparent and easy service, the most of the work at start-up stage was on the shoulders of IT department.
Q: What are the main advantages for investors and borrowers?
A: The main advantage for investors is higher than market average interest rates, the Kuetzal Care program, Buyback Guarantee, additional value such as affiliate program opportunities, easy and clear website using process.
Q: With fierce competition from Envestio, Crowdestor, etc. what do you think is Kuetzal’s competitive advantage and why would investors choose you over your competitors?
A: I think the overall market demand is way higher than Envestio, Crowdestor and we might offer, that is why the competition is not really felt, at least for now. But if we speak about the competitive advantage, our Kuetzal Care service remains unique. Even though the interest rates for us and for mentioned platforms are all higher than market average, Kuetzal also offers attractive bonuses such as affiliate system and other promos. We also have planned many other interesting opportunities that will be introduced soon.
In addition, the buy-back that Kuetzal offers is not just the classic one, but also gives investors a chance for the early exit. If we sum up all the aforementioned arguments, I believe Kuetzal is a very attractive product for investors.
Q: Can you give us some examples of the investments partners that will cover the difference of the investment required under Kuetzal Care?
A: Unfortunately, the contracts that we have with current partners in Kuetzal Care do not allow us to disclose their identity. What I can say is that these are private investors from Baltic countries, and a private fund that is operating with money of Asian private and institutional investors in Northern Europe.
imagine you have many applications, how do you select the best ones?
What procedures does Kuetzal take before accepting a borrower into
A: First of all, we are checking the history of these borrowers, if they had problems with other companies or government. Then we need to know their future plans, if they are ambitious and know their job and market. After this we are analyzing the company’s statements and market in general. This is the stage when most of the companies stop as our policy is rather strict, since we want to provide only safe and secured deals. The final step is agreement establishment and confirmation of both parties.
Q: How many applicants have you had in order to publish those 11 projects?
A: Few of them we had from the very first day of the platform, after that we received more than 50 applications, and only a few of them were published.
Q: How reliable is the credit history data provided for the projects listed on the platform? How do you receive them and verify their authenticity (Do you pull the income statements from public records or does the borrower provides a Copy and do you verify the copy somehow)?
A: We never use statements from public records for companies from Latvia or Estonia. The most common method we use is we ask the statements of the company, and then we just go to them ourselves and check that they really do what they say they do. Usually it is very easy to check whether the company really has the assets and the history they are telling initially. If the company has the credit history we also check it. With real estate we always do independent valuation attracting professional companies.
Q: Where do you see your platform in five years?
A: We set only the highest goals, and in five years we expect to be among the most successful crowdlending platforms in Europe, with branches in most demanded European countries.
Q: How many people does your company employ?
A: We are currently 4 people in day-to-day office work, but we outsource all the IT and legal part of our activities.
Q: Why would someone pay such a high rate? Is it true that only businesses with very poor credit rating take these loans?
A: I do not think so. Bank rates in Baltic states for businesses are now high. Even if you are running a business with good history and fully clean and transparent operating process, the interest rate for your company will be 7-11% depending on some variables. Most typically companies that are listed on the platform just do not want to face any deals with banks, others were unable to agree with banks or other financial institutions on terms.
Several companies also see platforms as a nice marketing opportunity for their businesses and an effective way to increase brand awareness and reputation, we think so too.
Q: What is the return an investor can expect when investing via Kuetzal?
A: Average return to date on Kuetzal on all the investments made- 17.9% p.a.
Q: How many registered investors do you have?
A: 1,676 investors (03.05.2019)
Q: What is your anticipated default rate?
A: We aim to keep the default rate at 0%, and I think it is one of the crucial indicators that will affect the platform success in future. For now, all the interest was paid on time for all the projects.
Q: In case of borrower default, is Kuetzal sufficiently capitalized to execute the buyback guarantee after 60 days even if you can’t seize and sell the asset in such a small period of time?
A: Yes, Kuetzal has enough funds to cover possible losses of the companies supported with buy-back. Most probably, in the worst case scenario, it will take a few weeks as latest. Here I would like to add that it is the worst case scenario and it is highly unlikely.
Q: Has Kuetzal sufficient capital to cover a potential mass exit of investors (At the 10% loss)
A: I really don’t believe that such scenario (mass exit) is possible, but still we are keeping sufficient capital as a backup in case many investors will prefer to use this tool one day.
What would happen if the company goes on bankrupt? Is there a
designated plan and will investors still be able to receive their
A: We are preparing a document which will support each investment made on Kuetzal. This may add some trust of investors and they will be able to use it against Kuetzal if the terms will not be complied. Even is the worst case scenario, Kuetzal will do the maximum possible to provide investors with not only the initial investment, but the interest payments as well.
Q: I would remiss if I didn’t take this opportunity to ask you for a special promotion for my readers. Is there a special promotion that you can extend to the readers of the blog?
A: We can extend the special promotional code “P2PINCOME” to your readers which will give them 15€ bonus towards their first investment. All they have to do is register through your link and enter the promo code during the sign-up process. This promotion is on top of the 0.5% cash back offer for investments made during the first 6 months after registration.
With Easter vacation behind me (one relaxing weekend) it’s time for my monthly income report for the month of April 2019. This month I just made only one deposit of €200 on Kuetzal because I wanted to have a better picture of my portfolio’s performance and because I am getting increasingly fond of this platform. Also, DeGiro was starting to complain about the lack of deposits on my stock portfolio in favor of p2p lending lately. Let’s get right to it.
This is the only platform I made a deposit this month of €200 and invested in two projects yielding 17.5% and 15%. For May, I am preparing an interview with Kuetzal’s CEO Alberts Cevers. Within the interview, he extended a special promotion to the readers of my blog with a €15 coupon towards your first investment using promo code “P2PINCOME” during sign up. The bonus will be credited to your account immediately after sign up, that is on top of the normal 0.5% cashback bonus on your investments during your first 180 days with the platform. The interview itself will be published next week because I have some follow-up questions for him. If you have any questions for him let me know in the comments section. My profit from Kuetzal was €1.56.
Mintos broke a record this month with the milestone of 2 billion loans funded on the platform. It also had a record number of loans listed on the primary market and unexpectedly high rates that were as high as 15.1%. I chose to invest in different loans than the ones that yielded 15.1% but still, a rising tide lifts all boats, and was able to get higher rates from quality originators. My profit from Mintos was €59.23.
I am extremely happy with Grupeer and its loan performance. All loan payments have been made on time on the due date, no exceptions. It’s nice to know that there is a buyback guarantee in place but honestly, the loan performance is so good that I don’t think it will never go into effect, at least for the loans in currently in my portfolio. My profit from Grupeer was €4.83.
ViaInvest is a very interesting platform. The rates are not nearly as high as Mintos or Grupeer but I still like it a lot. Loan performance is great but I only pick loans that the borrower had previous relationship with the originator. I try to pick loans with as many previous loans taken as possible. I also made an investment of €10 made from the refer-a-friend program, I don’t know if that should be put on the profit from the platform or at the deposits. I will put it on the deposits for new. Profit from ViaInvest was €1.80.
At first, I was not a huge fun of PeerBerry because of its poor loan performance on the loans on my portfolio but after the first couple of months things normalized as you can see on my “Investment Statuses” tab on the following screenshot. Profit from PeerBerry was €2.28.
For all the issues that the platform has, it has a very dependable loan performance because of its 3-day buyback guarantee. Also, with the new redesign, the platform has a very nice interface. The known issues are still there though. If you are unfamiliar with the platform I encourage you to read my full review. Profit from FastInvest was €2.84.
The platform is great and the month of April had no surprises apart from a loan that remains unfunded from last week. That is probably a record for Envestio as I am used to people fighting over their loans with loans funded in just minutes of being published. I guess people are not very fond of crypto mining (I will not fall into the rabbit hole and try to comment on that, one way or the other). Total profit from Envestio was €8.82.
This month Crowdestor lowered their minimum investment amount from €100 to €50. That is a nice update and it gives you the opportunity to diversify your portfolio further. I am getting increasingly fond of this platform as well. Total profit from Crowdestor was €4.70.
A representative from Bondster contacted me today about a special one-time offer one of their originators, Stikcredit, will be running on the 30th of April.
On the 30th of April, you will be able to purchase loans with a 15% interest rate per annum.
Now a little info about the platform itself. Bondster, much like many other platforms (Mintos, Grupeer, PeerBeery, etc.) is a peer-to-peer lending marketplace listing loans from varying loan originators. The platform officially launched in June 2017 on the Czech market and later expanded into the rest of Europe. I initially started using the platform last month and so far things are going as expected. Registration was fast and easy and loans usually come with interest as high as 13.50%. Also, the 5 Eur minimum in each loan is a nice touch for people who want to diversify across as many loans as possible.
Most loans on Bondster also come with Buyback Guarantee. The terms of Bondster’s buyback are pretty standard and it gets activated after the loan is delinquent for 30 or 60 days (It depends on the originator but the exact period is specified in the loan details).
If you decide to invest in Bondster and take advantage of this offer you will also probably recognize some originators currently listing their loans on Mintos and Grupeer as well.
Here’s where it gets better.
Not only will you be able to invest on the 30th of April and receive an interest of 15%, but Bondster is also giving me an offer to extend to my readers as well.
You can click my link here you will receive a sign-up bonus of 1% for any funds you invest during your first 90 days! (It’s a similar offer that Mintos has). Just make sure to use promo code “P2Pincome” to be eligible for the offer.
If you have any questions leave your comments below and I will get back to you.
For March 2019 I made 8 deposits on 6 different platforms. This month I made deposits in Envestio, Mintos, PeerBerry, Grupeer and tried Crowdestor and Bondster for the first time. I made a deposit on Grupeer as well but they had a problem with their Luxemburg-based bank. We will get into more details on the “Grupeer” segment though.
Mintos I made a €350 deposit on Mintos for March 2019. I know I said I will not make another one for some time I just wanted to reach the €5,000 mark. The volume of loans has increased this month and you could get loans with 11-12% from “high quality” originators and as high as 14% from lower quality originators. I sold almost all of my GetBucks loans (over €1,300) because of the capital increase they did at a significant discount to their market share price. You don’t do that unless you have serious financial issues. I moved all of the funds into MOGO and Banknote loans at 11-12% from 13% that I was getting from GetBucks. A small price to pay for your peace of mind. My profit from Mintos was €49.9 including the discount (around 0.1%) used to sell my GetBucks loans.
Grupeer As all existing Grupeer investors probably already know, this month was somewhat troublesome for Grupeer deposits. I initiated a deposit of €350 from my bank on March the 12th and it didn’t show up in my account until the 27th. I think that the situation could have been handled better but I like the platform overall and issues like that can sometimes appear when doing business. I for one will keep making deposits on the platform and I am confident these kinds of mistakes will be avoided in the future. The delay in the deposit worked out for the best though since they announced a cashback offer in the meantime and I was able to take advantage of it. The total profit from the platform was €5.6 including the €3.56 from the cashback campaign.
Envestio I made 2 deposits in Envestio this month. Both deposits were for €150 each one on the 8th and the second one on the 14th. Envestio has very high rates, good terms on its Buyback Guarantee and amazing track record so I am a fan of the platform and I will continue to put my money in it unless something changes. I will let you know either way. Profit from Envestio for March was €3.39€.
Crowdestor I also made 2 deposits in Crowdestor this month, one on the 6th and the second one on the 18th for 250 and 150 respectively. As you can see on the screenshot below the average interest rate on the 3 loans I am invested in is 15.67%. Not bad at all. This is the first month I invested in Crowdestor and the total profit was 2.33€.
PeerBerry I made one deposit on the 22nd for €150 in PeerBerry. I didn’t like the loan performance last month but I still liked the platform and wanted to see if this will continue. It seems that things have normalized now. Profit from PeerBerry was 1.21€.
FastInvest I didn’t make any deposits this month in FastInvest. They made a system upgrade this month and the platform is nicer but no changes as far as the transparency of the platform is concerned. Profit from FastInvest was 2.60€. For a Review of FastInvest click here.
ViaInvest No deposits made in ViaInvest either but despite the fact that returns are lower than the ones on different platforms (11% on the ones that I invest on) I really like this platform because most of the borrowers are repeat clients of the originator with a long history of borrowing and a big company backing the loans. Profit from ViaInvest was 3.06€.
Kuetzal I didn’t make any deposits this month in Kuetzal and the profit was 1.54€. If you want to sign up with Kuetzal make sure to use the promo code “SPRING2019″ to get 10€ free for your first investment until 31.05.2019.
For February 2019 I made 6 deposits on 5 different platforms in order to start diversifying further since my Peer-to-Peer lending portfolio is mainly invested in Mintos. I made 2 deposits in Grupeer and one at Envestio, ViaInvest, FastInvest and Kuetzal.
Mintos Since Mintos is my largest position I will start off with that. This was the second month that I didn’t make any deposits on Mintos and I think I will continue doing the same thing for the sake of diversification. It is still my favorite platform but Grupeer is getting there too. The volume of loans on Mintos significantly dropped this month. I don’t know if that’s because of the loan originators not posting many loans or the number of new investors on the platforms. Rates have been pretty satisfactory though and I had no problem finding loans with rates over 12%. My profit from Mintos was €46,88.
Grupeer I made 2 deposits in Grupeer this month. One for €50 in the begging and one for €100 at the end of the month for a chance to win the raffle (I know the chances are low but the rates are high and I like the platform overall so, why not?). Grupeer has an amazing loan performance up until now with all of my loans being paid on time. I still don’t like the absence of a secondary market to invest amounts less than €10 like Mintos. My profit from Grupeer was €1,16.
Envestio I started using Envestio this month with a €200 deposit on the 05.02.2019. I used the funds to invest in the “Oil product terminal” project with a 15% interest rate. I got another €5 bonus because it was my first investment with Envestio and the loan payment was made on time on 28.02.2019. My profit from Envestio was €6,94.
PeerBerry No investments were made on PeerBerry for the month of February 2019. Although the platform is nice for short-term loans and all of them are covered with Buyback Guarantee I am not a huge fan because I think the loan performance in my portfolio is poor. I understand that the portfolio is tiny and I should not draw any conclusions but still, it just puts me off. Rates for short term loans have also dropped to around 11%. My profit from PeerBerry was €0,41.
Great news for all Crowdestor Investors starting today! They are introducing their very own buyback guarantee in the form of a provisional fund.
Here is more about their BuyBack fund: In order to maximize the financial security for their investors in case of default by the borrowers Crowdestor has decided to introduce a new program called ‘Buyback Guarantee Fund’. The aim of the Program is to safeguard the investors’ proper return in case the borrower is subject to default.
The program will operate as follows:
Crowdestor makes an initial investment in the Buyback Guarantee Fund an amount of EUR 50,000.
Starting today, Crowdestor is devoting a commission of 1-2% from each project that is funded via Crowdestor Platform into the Buyback Guarantee Fund.
They expect the Fund value at EUR 100,000 by the end of 2019.
In case of a default of Borrower, the Platform will compensate all Investors, in a proportionate amount, according to Distribution Rules of Buyback Guarantee Fund, their contributions to the particular project.
The current standing of funds available in the Buyback Guarantee Fund at any given time will be published on the website.
In summary, the Buyback Guarantee Fund will operate in a roughly similar way to the Deposit Guarantee Funds of credit institutions operating in the EU Member States. While being a start-up crowdfunding entity, Crowdestor constantly strives to offer to its client’s various instruments aimed for improvement of the Investors’ risk standing in an overall balanced and structured approach.
To read my detailed review of Crowdestor click here and to start investing with rates as high as 18% click here.
On 17th February 2019, Grupeer celebrates its second birthday. To reward their investors they have prepared a nice Raffle!
If you invest at least 100 EUR in any Primo Invest development project until 28th February, you will get a chance to win 100 EUR from your upcoming investment. The Prize fund is 700 EUR, so there will be 7 lucky winners.
The rates offered by Primo Invest are fixed at 14% so this raffle is not the only reason to invest though Grupeer. Investments are also secured with a 60-day Buyback Guarantee. For an in-depth Grupeer review click here.
Registering on Grupeer is fast and easy and the deposits usually clear within 24 hours. So, if you are not already registered you can take this opportunity and Sign Up Now!
For January 2019 I made two deposits on two platforms after using only Mintos for the past 12 Months since I wanted to diversify and experience different platforms as well. I chose to try Grupeer and PeerBerry with €100 on each. You can also check my review of Grupeer here and for PeerBerry here. The Grupeer deposit cleared on Jan 7 and one for PeerBerry on Jan 11.
For Grupeer I chose 10 diffrent loans, some of them were business and some were development projects that were non-amortized. Meaning that you only receive monthly interest payments and the principal is paid on maturity. You can check my Grupeer account overview and statement below. My total profit from the first month using Grupeer was €0.62.
For PeerBerry I bought 6 different loans, I chose loans from people that have taken a large number of loans and have been a client of the originator for a while since I believe that they have a higher chance to pay the loan back on time. I was wrong… At one point during the month all 6 of my loans were late but since all loans on the platform come with buyback guarantee I was not worried. You can check my PeerBerry account overview and statement below. My total profit from the first month using PeerBerry was €0.17.
I didn’t make any deposits to my Mintos account this month since I wanted to diversify away from the platform and that is what I will continue to do. It still is my favorite platform for now but I feel the need to spread my investments around and try other platforms and forms of lending as well. My total profit from Mintos was €39.75. I should be higher but all of the loans originated from GetBucks that are usually being paid on the last day of the month weren’t and since I have over 38% of my portfolio with them it affected my return. This happens some months but they are always paid during the first week of the next month.
For the month of January 2019, I deposited €200 and the total return from interest, late fees and secondary market transactions was €40,54. That is a 12.87% decrease from last month since my GetBucks loans on Mintos were not paid on time.
Back in January 2018, I started investing in the Mintos platform. I started with a very small amount as an experiment. After the first month, I started making periodic contributions varying from €100 to €1.000 per month.
My experience with Mintos has been excellent. I have solid returns and have lost nothing due to bad debt.
During the last 12 months, I have generated €527,32 which translates as a net annual return of over 13%. Not bad for a passive income stream.
As you can see, I have also earned some money from Campaign Rewards and secondary market transactions. That is because periodically during the year Mogo, Lendo and GetBucks all had cashback campaigns rewarding from 1.5% all the way up to 5% when you purchased a loan. This allowed me to accrue 158,69 from cashback and 23,41 from secondary market transactions since investors had an incentive to sell loans on the secondary market with heavy discounts.
For 2018 I invested €4.160,58 and the closing balance on December 31st 2018 has grown to €4.687.90. That is much better than my banks 0.80% on the running balance on my savings account.
Also, for the month of November I made a withdraw of €0,59 just to check how fast they would process the request and within a couple of days the money were in my account.
Of course, these kinds of returns come with risks. I try to mitigate that risk by only buying loans with buyback guarantee. This means that I will get both the principal and the interest even if the borrower of the loan defaults. As you can imagine, the only problem would be in the event that an originator folds. This has only happened back in June 2017 when Eurocent stopped servings its loans on the platform after a corporate bond default. Mintos is currently working on rectifying the situation but no one knows what will happen in the end.
That is why you need to spread your peer to peer lending investments across many different loan originators, in order to minimize the risk of them defaulting.
This is my account statement for the past 12 Months and for 2018.
And this is the breakdown of my Current Investments.
On the “Status” pie chart, as you can see, the “current loans” are only 50% of the portfolio. I assume this is because it was the holidays and most of my GetBucks loans were paid a couple of days late. Things went back to normal after about a week with about 75-80% of the loans being current.
On the Following Chart, you can see my monthly contributions as well as my monthly return.
During the last 12 months, rates on Mintos have fluctuated quite a bit. When I started you could get a 13% Mogo loan and receive a 5% immediate cashback on the purchase as well. After the Mogo bond issuance during summer rates plummeted. You couldn’t get any loan yielding more than 11%. Thankfully it was only for a small period of time and that gave me the opportunity to invest in loans with lower yields but from better originators.
A great way to boost your returns is to sign up for Mintos’ campaigns when available and direct your investments accordingly.
Also, since August 2018, they started rating their originators, from A+ (safest companies) to D (Only Eurocent is rated a D and it’s a defaulted originator). It is also possible to configure the auto-invest settings to use only selected ratings, which is great for investors’ safety.
Mintos’ large number of originators guarantees that you will most certainly find a loan to invest in.
To be honest, I don’t feel very comfortable investing through the auto-invest feature. Don’t get me wrong, it works perfectly. I have used it when I was on vacation and I knew I wouldn’t have access to a computer for a week straight and had absolutely no problems with it. I just like to be more hands-on and keep track of the fluctuations on the yields that are been offered on the platform.
Many different loan originators, some of them very small with limited track record means that Mintos lets in lower quality lenders and it’s more difficult for Mintos to keep tabs in all of them. Also, the website is a bit glitchy at times.
My 12 Month Mintos Overview
After about 12 Months of investing on the Mintos platform, I can say that it has been a great experience. It’s my only position in my growing peer to peer lending portfolio and I love that pretty much all of their loans come with buyback guarantee. I will definitely continue to invest in Mintos on a monthly basis and I will also expand on other platforms as well. I generally put about half of my excess income every month into Mintos. The other half I put into high growth stocks and they have underperformed Mintos at the time of this writing, especially Q42018 has been extremely bad for the stock market.
As I said earlier, this is an 100% impartial and unbiased review of the Mintos Marketplace. However if you would like to dip your toes in the water I would appreciate to use my referral link which gives you an exclusive 1% bonus on all investments you make within the first 90 days from your registration. You will not get this bonus if you sign up directly on Mintos.
You will get 1% of your average daily balance (bonus payout) which is paid in 3 installments for the first 90 days. The Investment Reward shall be calculated after 30, 60 and 90 days from your registration date based on the average daily balance. First installment is calculated from the average daily balance during the first 30 days. After 60 and 90 days the Investment Reward is calculated from the increase of the average daily balance for the current calculation period compared to the average daily balance calculated, during the previous calculation period.