Back in August 2018, I started investing in the peer-to-peer platform Mintos, part of my strategy to diversify my investments and also try new things. Now, seven months later, I am very happy to be able to share with you a Mintos update on the performance of my investments.
In case this is the first time you have heard about Mintos, you can check out my original article about the lending platform here.
To put it short, Mintos is a peer-to-peer lending platform that allows you to lend money to consumers indirectly. You basically select from a list of loans that are available at any given moment and invest some or all of your funds in the said loans, through the companies that offer them.
The best part about Mintos is that many of these companies offer a buyback guarantee, meaning that if the person getting the loan will not pay it in time, the company will still give you all the money you have invested, plus any interest you have accumulated. In other words, a really sweet deal!
If you want to check out the platform yourself, click here to visit Mintos and sign up.
Important: Mintos does not work for US citizens – at least not at the moment. You must be located in the European Union, Russia or countries currently considered to have AML/CFT systems equivalent to the EU.
Investing on Mintos: Results after 7 months
Before I started investing on this platform, I had read multiple reviews and updates from other people, but I was still a bit reluctant to believe everything that I was reading. The internet today is a place where many people avoid saying the truth – or just lie – so I’m always taking all information with a pinch of salt.
But fortunately, in this case, all my worries proved to have no valid grounds. Because, seven months later, things are looking very good with my Mintos investments:
As you can see, my Net Annual returns are 9.64% and I am extremely happy about that, to be honest.
There are few ways to get such solid returns, and most of them are either more difficult than investing on Mintos is or require more money – which is something that many people, myself included, don’t have (yet).
I started investing on Mintos with just 120 Euros, went up to 500 soon after and ended up with around 900 eventually. So you can start small and still put your money to work – most likely better than any other type of investment available for such low amounts.
The best part about Mintos is that it allows you to be as involved as you want when it comes to investing in loans. At first, I wanted to do everything by myself, but eventually I decided to let the platform do most of the work through their auto-investment options:
You can also go more aggressive than I did. There are many loans out there with interest rates of 12.5%, which would help you make more money. I consider them riskier though and therefore I generally go with the lower rates. And with returns close to 10% per year, I really have no reasons to complain or to risk more for additional gains.
Conclusion
I am extremely happy with how investing on Mintos is going and I am planning to double my investments on the platform in 2019. I am still not comfortable to invest huge amounts of money here, but I am definitely planning to invest more. Things are going really well right now, Mintos keeps growing and things are looking good: no reason not to ride the wave while it’s still growing!
If you want to give it a try and easily get yearly returns of around 10% like I did, with very little work and even with minimal investments, make sure to create your Mintos account right away and start investing!
Interesting. Never heard of Mintos until now. It looks good and like you, I would have been very cautious because the internet is so full of fraudsters. It sounds like you are getting a good return. I will definitely have a look at it. I have a niece at home who does micro loans and l thought about getting involved but instead just gave her seed money. I am too lazy. Thanks for the heads up on Mintos.
Yeah, they are pretty legit and they’ve been around for many years and keep growing. Might stop at some point, but better ride the wave while it’s high up there 🙂
The good thing about Mintos is that they offer an auto-invest option which really minimizes your involvement. Maybe even reduces it completely – but I wasn’t really focused on tweaking it very well, so I always end up having to do some things manually every now and then 😀