Mintos update

It’s been a while since I’ve done an update, been a super busy year, but since people occasionally ask – a small update on mu Mintos portfolio.

As for a while I had some cash that I pulled out from other investments, for most of last year I kept my Mintos loan volume rather high, at the end of the year I had a total of 40 000 eurot invested, which produced a solid 400 euros/month of loan interest.

While the summer of 2018 was rather sad in the sense that after mogo buybacks there was a marked loan interest rate drop (many good loan originators dropped down to 10-11%), then I mostly picked short term loans to reinvest the money that was returning from loans, to keep my options open for when I hoped the interest rates would start to climb again.

As it turned out, once autumn hit, loan originators needed more capital again, so both mogo and creditstar started to list 12% loans, I also picked up some 12% banknote loans and a few other originators’ loans.

At the start of the year I needed to move some money to another investment opportunity, so I reduced my outstanding loan volume in Mintos to 25K. It took about 3 days to sell enough loans on the secondary market to cash out 15K, I was pretty impressed with the speed (but I also had good loans to sell, 12% Estonian car loans and other 12% loans from reputable originators.

Currently planning to keep the 25K growing in Mintos, strategy is to still pick up loans from bigger originators, there seems to be enough loan volume for that to not be an issue and expecting a steady 250 euros of interest per month to continue. So, all is boring on the Mintos front :)

5 thoughts on “Mintos update

  1. Can You please comment what this is about: “Suurbritannia finantsinspektsioon ei andnud tegutsemisluba Balti riikides populaarsele Läti ühisrahastusportaalile Mintos, kriitikat saab nii portaal kui ka selle juhtkond.:

    Do You know anything about this ?

    1. Äripäev wrote about this, but overall – Mintos seemed to be considering expanding to UK, essentially hoping for a bank license but didn’t go through with it. The local financial inspection was critical of their business model (wished for them to apply more oversight on loan originators) and asked for additional documents… it seems like they just gave up on the application process for some reason?

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