On September 13, 2018 I made my monthly Mintos deposit of only €100,00. My vacation in August plus some money that I invested in the stock market didn’t leave me with much but I still wanted to make my monthly contribution. Maybe I was even a little discouraged with the low rates on the marketplace from the previous month.
The new Mintos Ratings system gave me the idea to also start investing in lower yield “safer” loans. So, for this month I started investing in loans with rates between 9% and 10% from Mogo, Aasa, Banknote etc.
Last month a friend of mine invested through Mintos using my refer-a-friend link and I got 2,01 from his initial 300,00 investment. I hope he will be able to stick with his periodic contributions and be able to generate some passive income for himself in the future.
Also, Mintos has reached €1 Billion in total loans funded through the marketplace making it one of the largest P2P lending platforms in the European Union. For me Mintos works perfectly, the buyback guarantee works seamlessly and it is the perfect tool to generate some passive income.
On the following screenshot of my monthly account statement, you will be able to see all the details.
For the month of September 2018 I deposited €100,00 and the total return from cashback, interest, late fees and secondary market transactions was €37,74.
Until Next Time,