Mintos - Paving the Road to Financial Freedom
Mintos Review - Beginnings of this P2P Powerhouse
Mintos Marketplace AS launched their platform in 2015. Since then this Latvian Fintech marketplace has facilitated € 2,767,891,894 worth of loans. Winner of the AltFi People’s Choice Award for the past three years, Mintos shows no signs of slowing down. As a result more than 158,000 investors have invested an average of € 5,000 each on this platform.
Review of the Mintos Loanbook
Overview of Currencies and Related Interest Rates
You can convert currencies right on the platform. This way investors can easily invest in loans in other currencies and countries. However, you should be aware that currency conversions have fees associated with them. I would only recommend changing to Rubles and Tenge when investing for longer terms. It may take a few months to have your fees repaid through higher returns. Furthermore I would also suggest to switch to foreign currencies on days when the other currency is cheaper. “Buying low and selling high” applies here. Kazakhstani Tengi attract a lot of investors as there are often discounts available in the secondary market.
- Czech Koruna CZK – 6-8%
- Danish Krone DKK – 18.104.22.168%
- European Euro EUR – 5-17%
- British Pound GBP – 8-12%
- Georgian Lari GEL – 12-18%
- Kazakhstani Tenge KZT – 17-18.5%
- Mexican Peso MXN – 16-18%
- Polish Zloty PLN – 9-14.5%
- Romanian Leu RON – Currently None
- Russian Ruble RUB – 14-19.5%
- Swedish Krona SEK – 9-13%
- US Dollar USD – 9-13%
P2P Investing Made Easy with Mintos
Mintos makes P2P investing easy by offering a simple and straight-forward sign-up process. Because of this you can start earning quickly. Use this special link to receive a 1% cashback bonus on your all of your investments.
After registration and confirming you’re not a bad person, you can set up your system for investing. You can decide to let Mintos handle everything automatically or do it yourself. Above all you’ll want to make sure that you are getting a good return. While Mintos offers an auto-invest feature that returns 12.67%, you can achieve higher returns by manually investing.
The Three Main Investment Strategies
Investors, who want little effort and high liquidity, choose the Mintos Set and Go auto-invest feature. Firstly it allows for a set and forget feature. Secondly, all P2P investments receive automatic coverage of buyback guarantees. Thirdly, you can withdraw your money anytime. Currently Mintos boasts an average return of 12.66% with this feature. This particular strategy reminds me RoboCash (read our RoboCash P2P review here) of with higher liquidity.
Partially Automatic Investing
Another auto-invest feature let’s you do a little more work for higher returns. You can set up several auto-invest strategies and choosing interest rates, loan types, and many other things yourself. As a result you can greatly increase your returns, but are hampered with less liquidity, if that’s an issue. To get around that you will need to get familiar with the secondary market. Here you can offload all of your investments quickly. However, you may need to entice other investors with some discounts depending on how attractive your loans are.
Personally I love manual P2P investing, as it let’s my play with my pennies more often. When investing in the primary market you’ll need to invest a minimum of 10 EUR for each loan. For other currencies different amounts apply. In the secondary market, however, you can invest with a penny and scoop up loans from people selling at a discount. Always remember to check the buyback guarantee box. No reason exists to justify investing in loans without a buyback guarantee, when 95% of all loans are covered.
Safety of Capital
Safety of Interest
On another note, we should also mention safety of interest. What happens when you sell a loan on the secondary market just before the payment date? Both you and the new investor will receive a portion of the interest payment according to how long the loan was held. In other words, you can safely keep flipping your loans in the secondary market, as you will receive interest for every investment. I personally like buying loans at a discount on the secondary market and selling them again at par or with a premium. One should always be open to added income.
The Secondary Market (Marketplace)
In Mintos P2P review we want to highlight the secondary market. Many P2P platforms feature a secondary market, also known as marketplace. Here investors can sell their loans when they need access to capital. While some use it as a place for liquidation, others come in and look for bargains. A couple of days ago I sold 110% of my Mintos portfolio in a matter of hours. The higher the discount, the faster you can liquidate all of your loans, including overdue ones. I sold loans with discounts as high as 1.8%, only to turn around and buy loans offering a 2% cashback bonus. In all I made a profit of a little over one percent in a matter of hours.
Where do I start?
I do strongly recommend Mintos as your first P2P investing platform. I keep the biggest part of my P2P portfolio with Mintos and am very happy with it. By using our Mintos registration link here, you will benefit from a 1% cashback bonus. At the same time you will also be supporting our website and the work we do, so that we can continue doing what we love. Mintos keeps signing up simple and straight-forward. Happy investing and we hope you travel your road to financial freedom with eyes wide open. Remember to keep the speed limit!
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Wishing you a wonderful trip on the Road to Financial Freedom!