Thanks for your valuable insights, this really helped me kickstarting my P2P lending efforts. Based on this I did some further research that I would also like to share to others: Founders behind Robocash are Russian, although they moved out of Russians some time ago, I would still be worried about their connections there. Esketit are not very transparent. I could not find publication of their full financial statements like Mintos does. So at the end I opened accounts with Mintos and Lande, both are based in the Baltics (within EU) which gives me assurance about their regulation. What I like about Lande is that I can decide on the actual debtor not only on the aggregation lending company. In terms of risk this might be higher, but at least its in my own hands. I don't fully buy into the idea of buyback from lending companies as this is basically an addtional insurance layer that has to be paid by us investors in some way.
Great video! If I am located in Germany, are the interest earned in these P2P platforms taxed automatically (like the interest earn in Trade Republic) or would I need to file the tax declaration to declare these gains?
Hi Angelo. There you have it, thanks for attending my request so quickly, that was great. I am planning to initially focus on ETF's while i gather more info on P2P lending, but it is a must try investment i will certainly try one day. Cheers!!
Angelo, thank you for the good work and the help you give us newbies in p2p world. One question: which of these platforms don't let you sell your loans? I forgot to reduce the length of the loan in income marketplace and now I’m stuck with some with 3 year maturity… 😓
What's your take on ITF (Bondster)? Actually Welfio sat them along with Delfin Group as one of most reliable loan originator ,besides curriis offering 16%, quite good risk profit rate in my opinion....
I like ITF, it's my favorite lending company on Income (I prefer Income over Bondster due to the different security models). Yes I remember, Welfio gave them the best rating based on risk/reward.
Again a great video. I really like the quality of your videos. Could you share what video making or video editing software you are using? I'm exploring how to make my own videos.
Für Deutschland such mal nach dem Steuerartkikel von Lars Wrobbel (passives-einkommen). In Österreich ist P2P Einkommenssteuersatz (persönlicher Steuersatz, wie Gehalt). Such mal nach dem Artikel dazu von broker-test (at)
Danke Simon, die kenne ich beide. Da mein persönlicher Steuersatz jedoch deutlich über 27,5% liegt, und ich davon ausgehe, dass das bei vielen anderen Zuhörern auch der Fall ist, hat mich die Wahl der Top p2p Plattformen aus österreichischer Sicht verwundert. Bzw es hätte mich interessiert wie andere das sehen. Ich bevorzuge aus steuerlichen Gründen nämlich jene Plattformen, bei denen ich mit 27,5% "davonkomme".
Hey Angelo, great video. Have you tried goparity at all? It has much lower returns but all investments are in sustainable businesses which may be interesting to some. I wonder if there would be any concerns with investing there though that I'm not spotting
Thank you! I just looked at it - looks interesting, but it's not for me. Not noticing any red flags right away, but I have no idea how well they handle recoveries etc. if loans aren't repaid on time. Maybe you can find a community of existing investors and see what their experience is like
hello Angelo, I tend to think that none of those platforms are going to take care of the investor's taxes. Therefore, investors have to file their incomes to the tax service themselves. From your experience, was it easy to obtain the statements for tax purpose from the P2P lending platforms that you mentioned? Or did you have to make any calculations / clarifications yourself?
All the P2P platforms I use offer tax reports or yearly statements summarizing all earnings on a yearly basis, which makes filing them relatively easy based on my experience.
When you invest in longer time periods with higher % returns, e.g., 1 year, do you recieve any interest payment during the time period or only once the 1 year is up? Thank you
Hi Angelo, excelent work, as usual. Kudus to you! Top 3 is top 3, but as you mentioned more 3, surprisingly you did not mention ViaInvest, with stable 13% now. Any change on your opinion? Or are you still invested there as well?
Thank you Pedro! I wanted to mention Viainvest in the video, but it had gotten too long already. A few months ago, they would have been part of my top 5 as well, seeing as it’s another easy to use, reliable platform paying 13% interest per year on all of its loans and I’ve never had any issues as an investor since 2019. But I was a bit surprised and disappointed when, after a pretty long delay, the VIA SMS Group reported their audited financial statements for 2021. It suddenly showed a net loss instead of the 2,2 million euros in profit that had been published in the unaudited version a while back. While they reported a significant profit for 2022 again, this time I’ll be waiting until the report has been audited as well before I consider increasing my account size beyond 5.000€.
@@AngeloColomboFi Thank you for your reply! I have not noticed that, thanks for pointing it out. For me, I did not like the fact that selling Old Loans is not possible (in the past it was, and Viainvest did the change without previous notice). For the moment is my biggest position on the P2P industry, but I reached the 5.000€ mark of deposit, so I have stopped the monthly investment. For the moment I am building the position on the Esketit Platform to be equal to Viainvest and I keep the old reliable Bondora G&G for diversification. Anyway I need to top up the Shares & ETF's accounts, because I am now about 25% exposed to P2P (which is still fine for me) considering that I am diversified with Real Estate, P2P, Stocks/ETF and about 5% Cripto (also aiming for about 10%, but DCA slowly)! All the best Angelo! Looking forward for your May update!
Not necessarily. The one coming closest yield-wise is probably an Emerging Markets Bond ETF like this with a current dividend yield of 5%: www.justetf.com/en/etf-profile.html?isin=IE00B2NPKV68&from=search#returns But if I compare it to P2P investments using a similar timeframe (eg. starting in September 2018), it has only gone up 8% since then in total, including paid out dividends.
currently setting the minimum interest to 13% with the recommended lending companies yields 0 matching result on Mintos. Need to lower it to 9% to get something.
Any thoughts about Lendermarket/Creditstar? I still have a large position there but I heard they have been delaying withdrawals lately and they still have pending payments on Mintos.
As Angelo says, it's not 8% per month. Returns are almost always given p.a. (per year) regardless of the actual runtime, so a one-month loan that's 8% p.a. is 8/12% per month (~0.66%). Actually a little less because of compound interest, but that's a small detail. 8% per month on a loan would be insanity.
One day I think about adding Lande and maybe Twino , for now I'm fine with having Peerberry , Robocash , Esketit , Income , Swaper , Monefit. I think they've all been reliable so far, with a bit of cash drag on all of them.
Hello Angelo, i am trying to place a transfer from Revolut to Esketit, but because the account is in Lithuania and revolut says it is not safe, that it can be an scam, it won't let me place the transfer to fund the Esketit account. Any comment about how to proceed?. Thank you
Strange, I had no issues with my transfer from Revolut back in September. Revolut often asks if you trust the recipient when you first wire money and if you click yes, it should go through without issues.
Next one will be a general update, but with a focus on ETFs seeing as how the markets have been going :) Do you have any ETF related questions or things you'd like me to cover?
@Angelo Colombo I have a question and it would be great to get your thought. I have invested in Vanguard MSCI All World very recently and will try to regularly deposit some money each month. But my currency is not euro(sek) and it has lost a lot of value against the euro at the moment due to current inflation and interest rates. At the moment, should I stay in cash or should I invest whatever the rate is, I'm a bit in a rabbit hole. Of course, I do not expect investment advice from you, but what do experienced investors do in such cases?
PeerBerry is quite good platform, but since weeks the Auto-Invest is not investing at all. due to limited amount of loans, investor fight everyday by investing manually. When the Auto-invest runs, there is never any available loans (or only like 4y terms). This is not passive investment anymore. Every 2-3 weeks, I'm cashing out uninvested money and relocate to (Esketit, Income, RoboCash, Lande, Bondora, Lendermarket). I might re-invest later on on Peerberry when the issue with loan availability is solved.
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What are your favorite platforms right now?
📌Esketit: angelo.fi/esk
📌Mintos: angelo.fi/min
📌Income: angelo.fi/inc
📌Robocash: angelo.fi/robo
📌Lande: angelo.fi/lande
📌Peerberry: angelo.fi/peerberry
🏠All P2P offers: angelo.fi/p2p
Thanks for your valuable insights, this really helped me kickstarting my P2P lending efforts. Based on this I did some further research that I would also like to share to others:
Founders behind Robocash are Russian, although they moved out of Russians some time ago, I would still be worried about their connections there.
Esketit are not very transparent. I could not find publication of their full financial statements like Mintos does. So at the end I opened accounts with Mintos and Lande, both are based in the Baltics (within EU) which gives me assurance about their regulation.
What I like about Lande is that I can decide on the actual debtor not only on the aggregation lending company. In terms of risk this might be higher, but at least its in my own hands. I don't fully buy into the idea of buyback from lending companies as this is basically an addtional insurance layer that has to be paid by us investors in some way.
Thank you Angelo. Could you please make a follow up video on the taxation of your portfolio in Austria. This would be very valuable !
happy to see someone honestly share their investment protfolio without being vague or unrealistic.
thx for the video.
1) Peerberry
2) Esketit
3 ) Lendermarket
4) Robocash
Thanks for sharing your favorites!
Is Lendermarket still considdered risky considdering their lack of released financial statements?
Great video! If I am located in Germany, are the interest earned in these P2P platforms taxed automatically (like the interest earn in Trade Republic) or would I need to file the tax declaration to declare these gains?
Thank you! You sadly have to file taxes for these yourself, using each platform's yearly tax report
Esketit is not regulated, that's a big MINUS for me.
Which is regulated or you using??
Hi Angelo. There you have it, thanks for attending my request so quickly, that was great. I am planning to initially focus on ETF's while i gather more info on P2P lending, but it is a must try investment i will certainly try one day. Cheers!!
Nice video, thank you! One question, do you need to pay taxes for your gains if you are reinvesting everything automatically?
Yes, over all gains.
Angelo, thank you for the good work and the help you give us newbies in p2p world. One question: which of these platforms don't let you sell your loans? I forgot to reduce the length of the loan in income marketplace and now I’m stuck with some with 3 year maturity… 😓
What about Scramble? Is it a p2p you wouldn't recommend or you just don't know much about it?
What's your take on ITF (Bondster)?
Actually Welfio sat them along with Delfin Group as one of most reliable loan originator ,besides curriis offering 16%, quite good risk profit rate in my opinion....
I like ITF, it's my favorite lending company on Income (I prefer Income over Bondster due to the different security models). Yes I remember, Welfio gave them the best rating based on risk/reward.
Hi Ângelo, excellent work. Wich are the top 5 lending companies in mintos? Thanks.
Thank you! For me right now that's DelfinGroup, Eleving Group, IuteCredit, Esto and ID Finance Spain
Again a great video. I really like the quality of your videos. Could you share what video making or video editing software you are using? I'm exploring how to make my own videos.
Thank you! I'm using Final Cut Pro on Mac
Hallo Angelo. Wie versteuerst Du Esketit und Robocash? Mit 27,5% oder im Rahmen deines Einkommenssteuersatzes?
Für Deutschland such mal nach dem Steuerartkikel von Lars Wrobbel (passives-einkommen).
In Österreich ist P2P Einkommenssteuersatz (persönlicher Steuersatz, wie Gehalt). Such mal nach dem Artikel dazu von broker-test (at)
Danke Simon, die kenne ich beide. Da mein persönlicher Steuersatz jedoch deutlich über 27,5% liegt, und ich davon ausgehe, dass das bei vielen anderen Zuhörern auch der Fall ist, hat mich die Wahl der Top p2p Plattformen aus österreichischer Sicht verwundert. Bzw es hätte mich interessiert wie andere das sehen. Ich bevorzuge aus steuerlichen Gründen nämlich jene Plattformen, bei denen ich mit 27,5% "davonkomme".
Hey Angelo, great video! Can we see your Income strategy somewhere?
also, sri lanka is a country in default so anyone operating there i would consider very high risk
Great job! Thank you!
My pleasure!
Hey Angelo, great video. Have you tried goparity at all? It has much lower returns but all investments are in sustainable businesses which may be interesting to some. I wonder if there would be any concerns with investing there though that I'm not spotting
Thank you! I just looked at it - looks interesting, but it's not for me. Not noticing any red flags right away, but I have no idea how well they handle recoveries etc. if loans aren't repaid on time. Maybe you can find a community of existing investors and see what their experience is like
hello Angelo,
I tend to think that none of those platforms are going to take care of the investor's taxes. Therefore, investors have to file their incomes to the tax service themselves. From your experience, was it easy to obtain the statements for tax purpose from the P2P lending platforms that you mentioned? Or did you have to make any calculations / clarifications yourself?
All the P2P platforms I use offer tax reports or yearly statements summarizing all earnings on a yearly basis, which makes filing them relatively easy based on my experience.
Hi Angelo, your videos are great and very informative. You have to start speaking slower though, Engilish is not everybody's native language.
You can slow down the video yourself
How to slow down?
When you invest in longer time periods with higher % returns, e.g., 1 year, do you recieve any interest payment during the time period or only once the 1 year is up? Thank you
You usually receive interest payments on a monthly basis, so you have a bit of compounding as well if you choose to reinvest those
how do you pay taxes on such p2p profit? Are you collecting all data from each service and pay year tax even profit is re-invested?
Yes! You have to check tax laws in your own country, but most likely that's required in most European countries
Another excellent video, but how do you deal with the tax as you are living in Austria?
Thank you! I report my interest earnings in my yearly tax returns every year
Hi Angelo, excelent work, as usual. Kudus to you!
Top 3 is top 3, but as you mentioned more 3, surprisingly you did not mention ViaInvest, with stable 13% now. Any change on your opinion? Or are you still invested there as well?
Thank you Pedro! I wanted to mention Viainvest in the video, but it had gotten too long already.
A few months ago, they would have been part of my top 5 as well, seeing as it’s another easy to use, reliable platform paying 13% interest per year on all of its loans and I’ve never had any issues as an investor since 2019.
But I was a bit surprised and disappointed when, after a pretty long delay, the VIA SMS Group reported their audited financial statements for 2021.
It suddenly showed a net loss instead of the 2,2 million euros in profit that had been published in the unaudited version a while back. While they reported a significant profit for 2022 again, this time I’ll be waiting until the report has been audited as well before I consider increasing my account size beyond 5.000€.
@@AngeloColomboFi Thank you for your reply! I have not noticed that, thanks for pointing it out. For me, I did not like the fact that selling Old Loans is not possible (in the past it was, and Viainvest did the change without previous notice). For the moment is my biggest position on the P2P industry, but I reached the 5.000€ mark of deposit, so I have stopped the monthly investment.
For the moment I am building the position on the Esketit Platform to be equal to Viainvest and I keep the old reliable Bondora G&G for diversification.
Anyway I need to top up the Shares & ETF's accounts, because I am now about 25% exposed to P2P (which is still fine for me) considering that I am diversified with Real Estate, P2P, Stocks/ETF and about 5% Cripto (also aiming for about 10%, but DCA slowly)!
All the best Angelo! Looking forward for your May update!
Isnt it easier to just buy some high yield bond ETF? (i dont know, just asking)
Not necessarily. The one coming closest yield-wise is probably an Emerging Markets Bond ETF like this with a current dividend yield of 5%: www.justetf.com/en/etf-profile.html?isin=IE00B2NPKV68&from=search#returns
But if I compare it to P2P investments using a similar timeframe (eg. starting in September 2018), it has only gone up 8% since then in total, including paid out dividends.
currently setting the minimum interest to 13% with the recommended lending companies yields 0 matching result on Mintos. Need to lower it to 9% to get something.
True, sadly interest rates have decreased massively on Mintos over the past few months...
I like your strategies (P2P as well as ETFs). I do pretty much the same thing 👍
Thank you! Nice, seems like we have a similar way of thinking!
Any thoughts about Lendermarket/Creditstar? I still have a large position there but I heard they have been delaying withdrawals lately and they still have pending payments on Mintos.
Yeah, I'm still cautious regarding Creditstar loans as long as their obvious liquidity issues aren't resolved.
Grazie!
What about tax declaration for your income? Do you need to do that every year or only once when you cash out ?
Every year
Why did you put that is the top 3 in 2024? The video was post mid 2023
Interesting, thanks.
You're very welcome!
I will chose to invest emergency market eurobonds rather than this if i need to 🤑
Thanks for the update! Quick question: why are you nog investing on short term loans in Spain (robocash) if they offer 8% in only a month?
My pleasure, Thomas! Cause it's 8% per year instead of up to 12% - the interest rates are always p.a.
As Angelo says, it's not 8% per month. Returns are almost always given p.a. (per year) regardless of the actual runtime, so a one-month loan that's 8% p.a. is 8/12% per month (~0.66%). Actually a little less because of compound interest, but that's a small detail.
8% per month on a loan would be insanity.
One day I think about adding Lande and maybe Twino , for now I'm fine with having Peerberry , Robocash , Esketit , Income , Swaper , Monefit.
I think they've all been reliable so far, with a bit of cash drag on all of them.
Thank you for sharing your experience!
Hello Angelo, i am trying to place a transfer from Revolut to Esketit, but because the account is in Lithuania and revolut says it is not safe, that it can be an scam, it won't let me place the transfer to fund the Esketit account. Any comment about how to proceed?. Thank you
Strange, I had no issues with my transfer from Revolut back in September. Revolut often asks if you trust the recipient when you first wire money and if you click yes, it should go through without issues.
ok, I will try again, maybe I missed something. Thank you!
hello , what do you think about Robocash ?
Have you watched the video? It's literally in my top 3 😅
@@AngeloColomboFi Thanks I'm an idiot because I left a comment before watching lol
Haha no worries, I'm pretty sure I've done that as well!
Esketit has had very low or non existent loan availability for a while now
Am I the last one still holding money with Bandora?
No, I'd have no problem keeping some cash on Go & Grow personally. I'd choose Bondora over Monefit any day.
Are there any taxes from P2P earnings?
Of course, just like any other investment income
If i remember correctly the next video will be EFTs right
Thanks for videos by the way.
Next one will be a general update, but with a focus on ETFs seeing as how the markets have been going :)
Do you have any ETF related questions or things you'd like me to cover?
@Angelo Colombo I have a question and it would be great to get your thought. I have invested in Vanguard MSCI All World very recently and will try to regularly deposit some money each month. But my currency is not euro(sek) and it has lost a lot of value against the euro at the moment due to current inflation and interest rates. At the moment, should I stay in cash or should I invest whatever the rate is, I'm a bit in a rabbit hole. Of course, I do not expect investment advice from you, but what do experienced investors do in such cases?
I got my answer with the new video 😀
Glad i found your channel but why you speaking so fast? Thats giving me headache and i need to listen twice..
Sorry about that, I've been trying to work on the speed of my delivery :)
Thank you for understanding
His speed is perfectly fine for me
@@wilbsmondgood for you
Just buy Bitcoin!
PeerBerry is quite good platform, but since weeks the Auto-Invest is not investing at all. due to limited amount of loans, investor fight everyday by investing manually. When the Auto-invest runs, there is never any available loans (or only like 4y terms). This is not passive investment anymore. Every 2-3 weeks, I'm cashing out uninvested money and relocate to (Esketit, Income, RoboCash, Lande, Bondora, Lendermarket). I might re-invest later on on Peerberry when the issue with loan availability is solved.
Understandable, I would do the same in that scenario. Thanks for sharing your insights!