Mintos vs Twino – investing results after 2 months

Couple of months ago I wrote about peer to peer lending platforms in Latvia. After that I also decided to invest some money in them and came up with following strategy:

  1. No manual selection of specific loans, use Auto Invest feature to make investments automatically and avoid spending my time.
  2. Invest only in loans that have Buy Back guarantee.
  3. Even if Mintos and Twino have different returns for similar type of loans, invest in both of them to diversify and in worst case scenario loose only 50% of money in case one of these P2P platforms go bankrupt.
  4. Invest only in loans with the shortest term – 1 month – to get the best liquidity. So if I want to get back all my investment, it should take maximum 1 month for any remaining loans to be repaid, or in case – if some of them are paid late, then maximum another 1-2 months for the Buy back guarantee to pay back the late loans.

Continue reading Mintos vs Twino – investing results after 2 months

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