Kristaps, I love your reviews and thoughts, but with this article it feel you've been "bought" by some platforms. Estateguru - not once you shown high risks about it, but now you say like "yea, just best place to invest". I saw so many many fake looking projects last year, that it blew my mind how many ppl could loose money one day. Same p2p model, again Estonian, EvoEstate - I saw a Lithuanian interview with one of the owners, and I found it such a huge fake, lying platform. But some people, I think, believes it, and it is sad. I quit EstateGuru, Mintos, Viainvest and others as I feel they are all just pyramid, and the losers will be the last ones. I left a bit just in Lithuanian "Paskolu klubas" a bit, as it is more under control of gov and docs are more clear. Again, in my personal opinion, one day after more P2Ps failures, this business model could be banned at all (like in China) or will have to transform to other models, and I don't want to be in queue of hopeless creditors. Now it's way too many risks to keep money there, at least you just gamble.
All the points I mentioned about risks at the beginning are relevant in EstateGuru case as well. So if you are looking for a safe investment, you won't find it in P2P or in EstateGuru. I selected these platforms for myself as I have been familiar with them for several years and have some level of confidence that I understand the risks and I am OK with them.
Also - please note that I have high risk tolerance in general and play around with other risky stuff as well - options, crypto, stocks, etc., but for people who like to invest in a more safe/rational way - much better would be to consider bonds, for example.
Paskolu klubas, or neofinamce, under control? With all the number noise on their website ,they deduct tax but cannot issue a tax statement. Also, zero returns after all the magic of provision funds and tax deduction.
ExploreP2P reduced their overall score for Mogo from 72 to 53 (reasons see website). What are your thoughts on this? Not enough reason to stop investing in their loans?
But what are your thoughts on the underlying reasons for the low scoring? (€7.4 million loss in the first three quarters, FX risks, potentially overpaying for acquisitions, large proportion of subordinated loans, Tangible shareholders equity reduced to almost zero, Fitch issuing a negative outlook)
Hey Kristap, would love to read a 2024 review from you on the P2P market. Interesting things happened, P2P platforms seem more stable and offer better guarantees compared to the past, new and regulated platforms emerged, etc.
If Moncera would be owned by Placet, that would be better and similar model to Twino, Viainvest. But in this case when it is run by unrelated persons, it is an additional layer of risk, and if I would invest in Placet, then would prefer Mintos.
Just like Lasse said - MX, KZ, VN, and if they update anything, you can check it here: https://www.mintos.com/en/loan-originators/Sun-finance/#details - I also heard from Mintos that Sun Finance were planning to set group guarantee to all countries, Covid delayed this process, but the plan is still there.
Kristaps, I love your reviews and thoughts, but with this article it feel you've been "bought" by some platforms. Estateguru - not once you shown high risks about it, but now you say like "yea, just best place to invest". I saw so many many fake looking projects last year, that it blew my mind how many ppl could loose money one day. Same p2p model, again Estonian, EvoEstate - I saw a Lithuanian interview with one of the owners, and I found it such a huge fake, lying platform. But some people, I think, believes it, and it is sad. I quit EstateGuru, Mintos, Viainvest and others as I feel they are all just pyramid, and the losers will be the last ones. I left a bit just in Lithuanian "Paskolu klubas" a bit, as it is more under control of gov and docs are more clear. Again, in my personal opinion, one day after more P2Ps failures, this business model could be banned at all (like in China) or will have to transform to other models, and I don't want to be in queue of hopeless creditors. Now it's way too many risks to keep money there, at least you just gamble.
All the points I mentioned about risks at the beginning are relevant in EstateGuru case as well. So if you are looking for a safe investment, you won't find it in P2P or in EstateGuru. I selected these platforms for myself as I have been familiar with them for several years and have some level of confidence that I understand the risks and I am OK with them.
Also - please note that I have high risk tolerance in general and play around with other risky stuff as well - options, crypto, stocks, etc., but for people who like to invest in a more safe/rational way - much better would be to consider bonds, for example.
Paskolu klubas, or neofinamce, under control? With all the number noise on their website ,they deduct tax but cannot issue a tax statement. Also, zero returns after all the magic of provision funds and tax deduction.
great job ! tks
Do you have any opinion on Robocash?
I don't like that all their financial documents are like 3-4 pages long.
ExploreP2P reduced their overall score for Mogo from 72 to 53 (reasons see website). What are your thoughts on this? Not enough reason to stop investing in their loans?
I don't agree with their scoring. More detailed comment is here: https://p2p.holdings/mintos/strategies
But what are your thoughts on the underlying reasons for the low scoring? (€7.4 million loss in the first three quarters, FX risks, potentially overpaying for acquisitions, large proportion of subordinated loans, Tangible shareholders equity reduced to almost zero, Fitch issuing a negative outlook)
I see FX thing as one time thing, acquisitions - more likely underpayed than overpaid, but equity and Fitch - yes, those are real issues, and Mogo is the most riskiest from the 4 LOs I selected, but they are issuing new bonds and I predict that situation will improve: https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=1002820&messageId=1255962
Thanks! Also appreciate the post in general!
Hey Kristap, would love to read a 2024 review from you on the P2P market. Interesting things happened, P2P platforms seem more stable and offer better guarantees compared to the past, new and regulated platforms emerged, etc.
Hi Kristaps, Whats your opinion about Moncera? I like to invest in Placet Loans , but i dont Known nothing about moncera.
If Moncera would be owned by Placet, that would be better and similar model to Twino, Viainvest. But in this case when it is run by unrelated persons, it is an additional layer of risk, and if I would invest in Placet, then would prefer Mintos.
thanks
What countries does Sun Finance provide group guarantee?
Just like Lasse said - MX, KZ, VN, and if they update anything, you can check it here: https://www.mintos.com/en/loan-originators/Sun-finance/#details - I also heard from Mintos that Sun Finance were planning to set group guarantee to all countries, Covid delayed this process, but the plan is still there.
Mexico, Kazhakstan and Vietnam