Another month is gone so it is time to review the performance of my Mintos portfolio. As you likely know already, I have my own statistics that I keep updating daily.
I May 2019, 8 months after I started with Mintos:
- Funds added to Mintos: 0 EUR
- End of month balance: €132,714.00
- Interest earned: €1,322.00
- Implied Interest Rate: 12.63%
Implied interest rate is a new metric (I hope you noticed when I discussed ADI/ADB% last month). This interest rate metric is simply:
- (1 + Earned Interest / EOM Balance)^12 -1
It will tell you what interest you will get over period of one year if you keep re-investing all the earned interest.
I also did some aggressive changes to my auto-invest strategies. I started by deleting all of them. I know, but I said aggressive. Then I added only one strategy:
- short-term loans
- from 1 month to 1 month
- buyback guarantuee: yes
- only current
- diversification: yes
- min amount: 10 EUR
- max amount: 10 EUR
- excluded lenders: Dinero
With recent increase in interest rates on Mintos, there is abundance of loans with 14%+ loans. In my statistics, you can see that short short-term loans (like 7 days, 14 days) actually tend to perform much worst due to different buyback strategies. Excluding Dinero is just necessary as this lender is continuously significantly under-performing stated interest rate.