Reduced the Wallet
Investing for Good Finance has been a good experience, which has given me rates of return of around 7%. However, this platform has had great difficulty in attracting new loans which makes a large part of my portfolio stand still. In recent times I sold some loans that had low rates which freed me from liquidity to invest elsewhere. I will continue to invest, but if the money continues to stand still I am withdrawing the money.
On the positive side, I would highlight the reduction of non-performing loans. By the negative I highlight the difficulty in reinvesting my money and the less rigorous information about my rate of return (only shows the average return of my loans and does not consider the money that is stopped and defaults).
Return of 11.67%
In the first article I showed my experience with opening the account and the whole process. After the holidays I decided to increase my investment portfolio. I transferred some money and it was very easy to invest the money. There was no shortage of loans at my disposal and I was able to choose the ones I liked best (even had loans to buy a house). Only invest in loans with money back guarantee from the banks and financial institutions that lend the money (note that all these companies keep a percentage of the original loan, which ends up aligning the interests).
I currently have a few dozen loans with very low amounts and the average rate is close to 12%. I will wait some more time to realize how they are communicating by this platform. For example, I do not like to have an APP to better control the investment, but the Desktop has worked.
I am a fan of Good Lender and my portfolio has performed well. Because your loan model is different from Mintos and ViaInvest, the rate of return is somewhat lower. However, the average rate on my loans is close to 11%. The difference between the 11% and 9% referred to above is related to the fact that money is not always invested. That is, those days when the money is not invested causes a reduction of the rate of return (what I criticized above in Good Finance).
It should be noted that my strategy is based on risk diversification in many loans, across multiple platforms and also focused on all secured loans. I tried 2 unsecured loans at Good Lender (with 35% or something like that) and lost the money. They are very risky loans, which justify the high rate of interest.