Interest rates have sharply dropped since around mid July on Mintos, the platform with the largest allocation in my P2P portfolio. As a result, in this post I would like to talk about some Mintos alternatives that are still offering higher interest rates and show you where I’ve added more funds recently.
In addition, I thought it would be interesting to ask my good friend Bernhard Hummel, who has over 153.000€ invested in P2P lending and more experience than me in the market, about his opinion. You’ll find out what he’s doing in this situation and what he would do as an investor looking for alternatives to Mintos right now.
Welcome to my P2P lending income update for the month of August 2019! As usual, I’ll give you a detailed look at my peer to peer investments and returns for last month.
While August has been a beautiful month for the most part, I want to be fully transparent with you also when things don’t go as planned…
I recently made two new additions to my P2P portfolio, Monethera and Wisefund. I was intrigued by the high interest rates of up to 21% per year, combined with the buyback guarantee.
However, since both Monethera and Wisefund are still very young, I decided to only invest 500€ into each for now. Before I consider increasing my investments there, I would first like to see if interest as well as principal payments arrive on time.
In this short post, I’m going to share my early impressions and my experience so far.
Once again, it’s time for my latest P2P lending income update! We’ve been traveling a lot recently, so please excuse me for being a bit late.
Here are my numbers for the month of July 2019. As usual, you’ll see exactly how much money I have invested on each peer to peer lending platform, my deposits and my crowdlending returns for the month.