My Mintos Portfolio After 9 Months – Lessons Learned

I can’t believe that it is now 9 months since I started with Mintos. I will show you how I did over last 9 months, what my returns are, and how my strategy and usage of Mintos changed over time


Since I started, I sent 145,200 EUR to Mintos. This represents roughly 25% of my liquid assets. I am still trying to convince myself that Mintos is a great and more importantly safe platform that has bright future. Allocating so much money to single platform does concern me a little bit, however I have most of my other assets in stocks so my risk appetite might be a little different than yours. By all means I think that Mintos is a great platform and I have not seen any obvious signs of weakness over last 9 months. I might disagree with some of their ratings or be concerned about quite aggressive buyback policies of some lenders, but overall I strongly believe that Mintos is a stable and growing platform that can and will support both established financing companies and new fintech companies looking for reasonably priced sources of receivables funding.

Portfolio Results

Few high-level numbers (amounts in EUR):

  • Incoming Payments: 145,200 (added ~ 19k in June)
  • Invested in Primary Market (including closed loans): 736,473
  • Invested in Secondary Market (including closed loans): 12,917
  • Interested received: 8,061
  • Finished Investments (units): 45,128
  • Finished Investments (amount): 581,946
  • Current portfolio balance: 153,619
  • Average Investment Amount: 10

The real interest I am making on my investment is at 12.7% currently, using annualized calculation based on average daily balance. Does it make me happy? It sure does, as close to 13% annually is not something you would easily find elsewhere. Sure, you can make it on stock market (maybe even more), but the volatility is much greater and risk is definitely not lower either on the stock market.

If you read my blog before, you know that I have much more detailed statistics that are being updated every two hours. Coming from a financial world, I found the statistics provided by Mintos insufficient and created my own.

What Changed over 9 Months

There are few things that I have changed over the last 9 months, even from my 6 months update.

On The minimum Investment Amount

I have wrote many times that you should invest only minimum amounts (10EUR if you are investing in EUR as I do). For those interested, here is why I have said so. Since I published the original Mintos guide, I updated it. It does not make sense to always invest lowest amount. It might be the seasonal effect, but especially in the short-term lending space where I invest most the selection of high-interest loans got much smaller in Q1 of 2019. Because of this, I found myself investing higher and higher amounts per investment. Ideally, I would love to see 10EUR as my average investment, right now I am at 15EUR. Does it make me concerned? Not at all! The 10EUR rule gives you benefits in diversification and learnings, but with so many thousands of investments I have, the marginal benefits get much smaller.

In other words. If you have options:

  • have 1,000 investments at 14% , each 20 EUR
  • have 1,000 investments at 14%, each 10 EUR, and additional 1,000 investments at 12%, each 10 EUR

I will go for the first option. The 2% incremental income is for me more important than the diversification I get on additional 1,000 investments.

On Auto Invest

Over 9 months I used different strategies for the auto invest. Starting with no auto invest, then having really complicated set of strategies (I thought I need to optimize a lot), then again manual investment only, and now I have 2 auto invest strategies.

The first one has ~ 80% of my balance as limit and is capturing short-term loans with buyback guarantee, at least 14% interest rate and duration between 1 and 1 month. I guess you might wander why – the longer short-term loans have much better profitability profile when compared with the shorter term short-term loans with the same APR. This is partially driven by the different risk profile of these loans (typically the initial ones used to acquire customer) and different buyback strategies.

The second one (priority-wise) has ~ 20% of my balance as limit and is capturing random short-term loans with buyback guarantee, at least 14% interest rate and duration between 0 and 1 month. I keep this strategy for learning purposes and to serve as a buffer in case when loans with such specific duration are not available, what happens every now and then.

Currently, I believe this strategy is best for me, but it looks like I keep changing the approach every couple months, so check back in 3 months from now!

On Performance Metrics

I added something that I call “Implied IR”. It is calculating the annualized interest that I assume to earn on my balance. Technically, it calculates (1 + Interest earned in current month / Average Daily Balance of previous month) ^ 12 – 1.

Implied IR is my current ultimate metric that I compare to other investments I have, which is mainly the stock market.


After 9 months, there is not much to complain about. I am happy about the interest I am getting from Mintos, the predictability and stability of revenue is great. There are ways how to improve the profitability by focusing on good loan originators. However, the upside is not huge making Mintos great opportunity for less savy investors who are afraid of stock markets or some fancier alternatives like forex or cryptocurrencies.

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