No matter if you are a new investor or someone with a little more experience, choosing Mintos loan originators is a painful process. And for good reasons.
When you have 60+ companies, from various countries, with different loan types and with so many other options to choose from is just overwhelming.
I know how it is. I felt that many times in the early days.
It was painful, and it took me a lot of time and many hours of research to figure it out.
But, I’ve made it!
And now I am happy to share all my learnings with you.
I am still amazed how people are often making a rushed decision to invest in P2P lending while having no idea how much money is enough. They don’t fully understand in what they are getting into.
My goal is to try change that mindset.
Before investing in peer-to-peer there has to be a clear decision making process.
You’ll have to consider P2P as a part of a broader investment portfolio, along with stocks and bonds. You can’t be 100% invested in P2P.
There is so much debate around how safe is peer to peer lending with advocates on both sides. People either say is just crap and shady or that there is nothing to worry about, while others don’t even think about risks when making their first investment, being “brainwashed” by the high returns.
Let me tell you a story about the ones that are totally ignoring risks.
Last year, in November, I was doing my first presentation on peer to peer lending (and actually my first presentation in the front of a large audience – pretty scary stuff!). After the presentation, a few from the public approached me to share their experiences with P2P and ask me a few extra questions.
Guess what happened?