I’m a fan of silly investment goals. Just aiming for the big goals 10K – 100K – 1M or anything of the sort is great in theory, but a bit demotivating at start, because the first big goals take the longest, and the big goals often seem so far off, that they seem impossible to achieve. So, take joy in the little things!
Since the end of the year is nearing, then I’m starting to write in some final numbers to look over goals and returns for the year and I noticed that both Twino and Mintos portfolios are both earning just over 30 euros per month, which means an euro every day. It might seem small, but I mean – if you found an euro or two on the ground every day to work you’d be pretty happy, no? Also, that’s just enough to buy a latte every day forever 😉
On a more serious note, both Twino and Mintos have clearly done well this year, finishing at 10M/month, which is finally starting to make the totals for P2P lending in the Baltics look nice. The ease of use, and lack of overall attention you need to pay on the investments is nice for any passive investor, but there are of course changes happening constantly that you should keep an eye out on.
Twino is by far the most hands off part of my P2P portfolio. Due to overall lack of any detailed info about clients, it’s as much of a set-and-forget as possible in P2P. It does seem like there is an increasingly large amount of investors’ money available because you’re unlikely to see any higher interest loans available listed on the market. I assume without an autobidder it’s near impossible to invest into them.
Overall, I’ve kept to my strategy of mainly 13% interest rate longer-length loans. Largely because I don’t see myself needing the money any time soon, and secondly because a large part of those loans gets bought back due to the buyback guarantee, meaning if I did need to get the money out it would be reasonably easy.
Mintos however has been a bit more hands on. Since the interest rates that different loan originators offer change rather often, you must keep an eye out on what’s happening. This means tinkering a bit here and there with the interest rates in the autobidder and due to high demand for loans it’s rather difficult to get into them even with the autobidder set, it seems.
My recent strategy has been picking up loans on the secondary market. There are always people leaving the site and selling their investments, some people even sell things at a discount when they’re delayed (yes, even buyback loans), so there is potential there. It does however take some time, because you have to do the purchases manually.
Overall I can’t say that I have any big complaints about either of the sites. Current plan is to slowly keep increasing both portfolios until they are both bigger than my position in Bondora (which will happen rather soon), making them the 3rd and 4th biggest P2P positions in my portfolio (currently led by Omaraha and Crowdestate). Definitely nice to see good diversification options on the market!