Would I invest 127k EUR in P2P platforms like Bondora, Mintos, Twino?

Received an email from Mark, who asked for advice about investing in P2P platforms:

Basically, ~127k EUR is sitting around and not working. I do have Bondora and I was one of the early investors in 2012 when it was called Isepankur. Problem there is I don’t understand what’s going on there-it is displaying my ROI as 15% but everyone is saying that it’s not real because they don’t calculate defaults correctly and real returns are ridiculously low.
Considering all of the above, do you recommend investing in Mintos and/or Twino?How would you suggest getting enough math skills to be able to figure out what’s going on with my account at Bondora, how to calculate XIRR(not sure?) etc.
If not Mintos/Twino, what passive strategies would you recommend to put the capital I have sitting idle to work.

Continue reading Would I invest 127k EUR in P2P platforms like Bondora, Mintos, Twino?

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Peer to Peer lending in Latvia: Mintos vs Twino

Problem: bank deposit rates is a joke

Let’s say that you have 1000 EUR in your account and would like to invest it. Guess how much you would earn from fixed term deposit? 0.1% per year. So by “freezing” your 1000 EUR for 1 year you would earn 1 EUR.

Screenshot 2015-11-29 19.52.54 Continue reading Peer to Peer lending in Latvia: Mintos vs Twino