It’s been 12 months now for me since I started investing on Mintos. During that time I enjoyed great returns, but also observerd several difficulties that led to adjustments of my investment strategy.
The below is snapshot of my Mintos portfolio as of 10/1/2019:
Not much to see here except of the total balance and net annual return of 12.31%. I am quite happy with this return – altough my calculations are slightly different, getting over 12% on something that I still consider relatively lower risk is in my opinion great.
Month-by-month portfolio performance gives you a great insight into what all happened financially throughout the year. Here is the table – I have comments below, but you can try to see yourself.
- Un-invested funds – in August my ratio of average invested balance to average daily balance dropped to 93.2%. This is for me really bad, as having almost 7% of funds un-invested lowers the total return of my portfolio. This happened because of significant changes of what loans are offered. Especially short-term loans interest rates dropped by a lot. As a result my auto invest strategy was not picking up any new loans what I realized only after
- Bonus – I am not getting much from bonuses. I am not active in investing into individual campaigns and I am not successfull in getting much affiliate bonus either. I guess this blog is not as usefull as I wanted it to be.
- Withdrawals – I took some money out of Mintos to invest in different assets (bought some bitcoins). This has nothing to do with my faith in Mintos business model, which is strong.
- Implied IR – My implied IR calculates what is the assumed return on invested amount should the perfomance stay as is and all funds are re-invested. This is obviously an approximation, however I am running constantly above 13% over last couple months. This is actually higher than the returns I target for my stock portfolio (12.5%). Volatility of Mintos investments (on both sides) is obviously much lower, making it even more interesting for me.
Adjustments to Auto Invest Strategies
I did several adjustments to my auto invest strategies over the year. Going from complex setup to no auto invest at all, to two strategies, to 5 strategies. My current setup is (sorted by priority):
- Any BBG EUR loan with 13%+ from at least B- LO
- Any BBG EUR short-term loan with 12%+ from at least C LO
- Any BBG EUR short-term loan with 11%+ with duration of 1 month from at least C LO
- Any BBG EUR short-term loan with 11%+ from at least C LO
- Any BBG EUR short-term loan with 10%+ from at least C LO
I wrote about the strategy with 1 month loans before. These just tend to have higher average real return when compared to generic pool of short-term loans.