Achieving financial freedom or having extra cash can lead to a more prosperous life, and one effective way to do this is by building smart passive income streams. Managing your investments wisely can help you maximize your passive income potential.
Mintos is an international online marketplace specifically for loans. They provide individual investors with an easy and transparent method to invest in loans that originate from a variety of alternative lending companies around the world. The main goal of Mintos is to facilitate the free and efficient movement of capital. Investors on Mintos can access different types of loans from various loan originators without any investment fees. They also have the flexibility to invest in multiple currencies and can start with a small amount. For loan originators, Mintos offers access to adjustable and scalable funding to grow their loan portfolios.
Over the past two months, I’ve experimented by investing a total of EUR 300 on the platform and have earned EUR 13.48 in profit from interest, which translates to an 11.22% return. While the profit isn’t enormous, an 11.22% return is considerably good, especially since it’s possible to earn up to an 18% interest rate. You can achieve a solid return without losing any money to defaulted loans, which is quite impressive. Returns like these are hard to come by in today’s economy, making it a smart way to grow your savings.
To start investing on Mintos, you need to register as an investor, a simple process that takes less than five minutes. Once registered, transfer your desired investment amount from your bank or e-money account to your Mintos investor account. After adding funds to your Mintos account, you can start building your investment portfolio by either using the Auto Invest tool or manually browsing loan listings. Each month, borrowers will make payments that include both principal and interest. You can choose to reinvest these repayments in other loans or withdraw them back to your bank or e-money account.