Bondora Go And Grow

Bondora is not risk-free and it will never be, but this new tool is undoubtedly a cool one especially for newbies. Investing this way your capital stays at risk as it does with almost any investment.

They stress the fact that it is absolutely hassle-free and automated, without any management fee. They say investors are supposed pay tax exclusively when withdrawing money back to their own account.

The farthest away is 20 years. There is nothing bad, since a part of those Bondora late loans will be recovered. In many cases also late interest fees are applied.

If one is not willing to wait, this is normal. Even if with Mintos , as an investor I can get higher average interest, I also may be forced to wait some months to get my full capital back.

This aspect is not particularly attractive for me, since I see P2P lending investing as a very long term thing.

I also understand that it is one more angle to consider for many investors. Visit Bondora website to acknowledge the terms and the risk statement.

Then share it for me on Facebook! Before deciding to invest, please review the Bondora risk statement or consult a financial advisor if necessary.

NOTE: The indications contained in this analysis are to be considered mere information tools and do not intend to constitute in any way financial advice, solicitation to the public savings, suggest or promote any form of investment.

Passionate DIY investor building my financially peaceful future. I believe in helping people, which is why I share what I am learning.

Nice question! What I would absolutely do beforehand is: 1- Suspend any active auto-withdrawal. Welcome to RevenueLand, Mike! Just started go e grow.

The interface says 10k will become 36k in 20 years. I will keep you updated. This go e grow is doing its job. I invested , I will add more next year.

How much do you invest. I keep my spare cash on bondora since Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.

Read my review about Bondora here and about P2P investing here. As with all products there are terms and conditions that you must familiarise yourself with.

I have provided a quick summary in bullet point form. The whole risk statement provided by Bondora can be found here. There are also other general risks to investing that you should also be familiar with before investing through Bondora or any other asset class.

When you decide you have had enough, you are able to request your money to be withdrawn for a small fee , and any interest returned over the period of your investment is payed out to you.

For instance, an investor will only pay taxes when they have taken out more than they initially put in classed as a capital gain.

The investor does not have to pay taxes on each interest payment. Bondora oversees the placement of an investors funds and allocated these funds into different risk loans.

In the recent update from Bondora, the portfolio composition is as follows. Loans with a risk of:. Any return that Bondora makes over the 6.

At this stage, Bondora offers investors a flat return of 6. However, this is much less than the advertised average rate of Based on further statistics provided by Bondora and the distribution pie chart above , we can estimate how much Bondora will make, compared to how much you would earn if you invested in the same types of loans.

As can be seen in the graph, it is estimated that Bondora will earn This leaves 7. Furthermore, the The return could be much lower or higher for any reason, for any period.

The 6. An investor can easily access and change their product choice from their dashboard. From there, you can manage which profiles are currently active.