For January 2019 I made two deposits on two platforms after using only Mintos for the past 12 Months since I wanted to diversify and experience different platforms as well. I chose to try Grupeer and PeerBerry with €100 on each. You can also check my review of Grupeer here and for PeerBerry here. The Grupeer deposit cleared on Jan 7 and one for PeerBerry on Jan 11.
For Grupeer I chose 10 diffrent loans, some of them were business and some were development projects that were non-amortized. Meaning that you only receive monthly interest payments and the principal is paid on maturity. You can check my Grupeer account overview and statement below. My total profit from the first month using Grupeer was €0.62.
For PeerBerry I bought 6 different loans, I chose loans from people that have taken a large number of loans and have been a client of the originator for a while since I believe that they have a higher chance to pay the loan back on time. I was wrong… At one point during the month all 6 of my loans were late but since all loans on the platform come with buyback guarantee I was not worried. You can check my PeerBerry account overview and statement below. My total profit from the first month using PeerBerry was €0.17.
I didn’t make any deposits to my Mintos account this month since I wanted to diversify away from the platform and that is what I will continue to do. It still is my favorite platform for now but I feel the need to spread my investments around and try other platforms and forms of lending as well. My total profit from Mintos was €39.75. I should be higher but all of the loans originated from GetBucks that are usually being paid on the last day of the month weren’t and since I have over 38% of my portfolio with them it affected my return. This happens some months but they are always paid during the first week of the next month.
For the month of January 2019, I deposited €200 and the total return from interest, late fees and secondary market transactions was €40,54. That is a 12.87% decrease from last month since my GetBucks loans on Mintos were not paid on time.
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Until Next Time,