P2P loans Normally I do not give any investment tips, but here I have found something good.

The reason was that my bank (Bawag / PSK), according to the media, announces the old contracts and the new much higher fees. That's how I dealt with the topic. But I got nothing from the bank, no notice, no new contract with higher fees. What has made the Bawag / PSK: The credit interest rates were lowered for all customers from 12.2016 to 0.25% (information telephone hotline). I had 0.75% so far, that has me anyway long wondered. I discovered this only by accident, because from time to time I check my account details online. The account fees (11.33 .- / quarter) they also raised without saying anything. But I do not pay anyway, because I am always over 880th - account balance. The letter has never arrived. In the end, that suits me. If they drive me off too well. Then I go to the first and have George.

USE AT YOUR OWN RISK! 
The usual rules apply. 

1. Only invest / invest money that I do not need to live.
2. Never invest everything in a form of investment.
3. Only invest in things that I understand.
4. Start small if you do not know a system well.
5. Every facility has a risk. If the company goes bankrupt my money is gone.
6. Great wealth in a short time is very unlikely. 
7. And my tip: An investment is only useful if the income also makes tax sense. Ie. if after taxes as much as possible remains for me. It makes a big difference if I am deducted from the capital yield of 0 or 25% -55%. Depending on the life situation, my tax situation changes. Here you can achieve a lot with simple means.

What is it about: 11% return on daily maturing money with P2P loans . 


I have money and I borrow someone who needs money (short term). I get capital + interest after x months. Something I've done before, the interest was always a steak + salad + drink (about 20.-). If it was more or longer, gabs 2x steak. Has always worked great. 

Meanwhile, there are intermediary platforms that match supply and demand. And do the administration and loan loss insurance. If the banks do not want to do business, I'll do it and say thank you. I use Twino and, of course, only invest in loans with BuyBack Guarantee (T) for 1-2 month loans and Payment Guarantee (PG) for longer terms. You get the capital + interest, no matter what. At the PG, the repayment plan is hedged, there are no delays, perfect. The website is awesome. There is no great guide and no tutorial video. You have to figure out how it works. I simply use Auto Invest with Reinvest, so it automatically invests in the highest yielding loans. I checked that fits. You do not have to worry about anything, a self-runner. The minimum interest rate is 3.2017 8% (without compound interest). The% figures are of course per year. The loans (with repurchase guarantee) have 8% to 14%. The without buyback guarantee have more, but I'll keep my hands off it. In Auto-Invest Setup you can choose which countries and which interest earnings you would like to have. Minimum investment is at Twino 10.-, crooked amounts are OK. There are no fees, not even for the clearing account (there are of course no interest, but the deposit insurance of the bank) and transfers. With P2P credits only money is lent, which is present!

There are always 2 return indications: Eg 10% (rate) and 10.47% (return). If I only forfeit my money for 1 month, or if the credit expires only 1 month, I get z. Eg 10% (of course per year, ie 10/12 = 0.83% per month). If I reinvest the repayment (principal + interest), I get compound interest every month. which is reinvested again. In the My Investments list, both numbers are always visible, unless it is a loan that has only one month duration. From 8% will become 8.30%, from 10% will become 10.47%, from 11% will become 11.57%, from 12% will become 12.68%, from 13% will become 13.80%, from 14% 14.93%. Of course, in order to take full interest, I have to reinvest for a year.

A first Auto-Invest basic setting.

Simply click on My Investments and click Create Portfolio . Then you enter your wishes, investment amount (usually everything is on the clearing account), which countries (I have all), desired interest (here is only the minimum amount interesting, I take all 0-40, cih wants at least 10%), term (but it does not matter, you get it out quickly anyway), which sum per credit (no matter if you only invest in loans with surrender guarantee, otherwise just as usual minimize risk) Reinvest or not (should the repaid capital and interest on Billing account lying around or reinvested immediately) and is good.

Of course, you can also create multiple portfolios, try different settings, etc. But that will not do much, keep it simple. But you can not do anything, no money is lost.

Each payout will be checked, therefore 2 + 2 working days.

The iPhone app is available since 13.12.2016. All features of the website are included, but you can not transfer money from the app. The logout can be found in the user settings (bottom right). 

The german website is available on 28.12.2016. There is also a German hotline 0800-181-3467 (but is a German number and supposedly only from the German mobile or landline) and emali support in German. To use the service completely in German, you change the language setting in the settings in German. 

He newsletteris perfect. Finally, clear, simple, logical information. Quite unlike the usual financial products: The market situation is tense and blablabla. I cant hear that anymore.

And what happens if the company goes bankrupt? They transfer my money to private individuals, so with or without intermediaries I am entitled to my borrowed money. For every loan there is an assignment-agreement.pdf to download. There is exactly who and how much has borrowed and on what terms. The liquidator drives open debts and I get my money. Theoretically, practically you do not know for sure, because none of these P2P companies went bankrupt yet.

And this is how it works in practice

1. I have to test 1000 - transferred. After Latvia (EU), you have to be courageous.
2. In 2 days the money is on the clearing account, you get a confirmation email.
3. First investment with Auto-Invest (1), 1 month, 10-20% (without Reinvest so I can control it better). Of course only in loans with buyback guarantee. You can not go wrong. The support is perfect, English or German, depending on which language you choose for the website. Of course you can also call.
4. The system works, is easy to understand, after a few days you get the first capital + interest on the clearing account (of course, only if Reinvest has disabled). The billing is logical and understandable.
5. Then transfer money back. Works, takes 2 business days.
6. That's my thing. 10000.- transferred. New investment with Auto-Invest (2), 1-12 months, 10-20%.
7. Remaining money left in my bank account at 0.25% has been transferred. New Investment (3) with Auto-Invest, 1-12 months, 10-20%, Reinvest. This is the final shot. Here the input field for the sum is too small. 10000.11.- is cut off in front or behind. Is reported. 
8. So that cash that accumulates in the clearing account flows automatically into the investment 3 (from 1 and 2), I deliberately set the investment sum much too high. So all cash is reinvested immediately. Every transfer is instantly invested. Is also ideal for impulse saving or a self-made savings plan with standing order / levy order. I'll leave it like that.
9. Then I deleted Investment 1 (crap bucket), the money lands quite fast on the clearing account and is immediately reinvested (within hours) as described above.
10. I'm doing this for the first time. It's as easy as online banking. And that's exactly what it is for me now. My bank account for daily cash, with 10% -14% interest. I've been dreaming about it for 20 years, it's done. If I need money, I'll get it from Twino. If I have too much on the account, I transfer it to Twino. Now the Werkl must run a few months, so that the compound interest build up (accrue to Twino on a monthly basis).
11. What should come out of it, you can easily rollover: I have 10000 - on the bench to 0.25% = 25th interest / year (before KESt.). At Twino I get at least 1047.- interest / year, 42 times (at 10.47%).
12. My long-term goal: 13%. 3% for inflation and 10% for me.
13. Actually, you no longer need to invest your money in stock funds, etc. There I always have fees, I'm bound, sometimes things go wrong and on fixed 10-14.93% are hardly ever. Why should one make life difficult for you? In the case, of course, split the investment total on multiple providers.
14. Addendum: I have increased the maximum amount / credit (was 30.- now 50.-). Normally one assumes yes, less is better = scatter. But actually it does not matter, because every loan has a buyback guarantee. If I release more per credit, Auto-Invest can also invest more in high-yielding loans. My income is higher, with the same risk. However, it can also happen that more money is put into long-term 10% loans (which are the ones with the least interest) and is tied there. So in the long run, I do not really care.
15. How do I see what I deserve? In the Dashboard on the bottom right - Weighted average interest: With BuyBack: for me right now 10.18%. This is the average interest rate of all my loans without compound interest through Reinvest. It's also easy to verify by clicking> My Investments> Individual Investments> Download Statement. Open in a Talellenkalkulation and make the mean of the values ​​of the cell rate. For this, below a new line, mark the whole column and choose formula mean or in the English program Average . I'm there 10.19. Every line is a loan, for me 1310.
16. On the left is: Interest income xx.xx €. That's my interest income. So interest + compound interest. This, of course, takes some time, because the loans that fail (about 13%), delay the payment of interest by 1-2 months. Over it stands Deposited amount, thus my capital. Down Deposits = all deposits and withdrawals = all withdrawals I have transferred to my bank account. Everything very simple and clear.
17. Top left is: Return ( XIRR ). Shows the return of investment in%. Works well, different deposits are considered here. The defaulted loans are of course not included, because I get my interest so later. The amount is therefore initially lower than the real interest. You have to wait a few months until the value is right. Of course, I can calculate the ROI myself. Interest income in relation to the invested capital is yield. So 100 to 1000 is 10%. Always gross, the interest income is not yet taxed.
18. Now, for the first time, I'll get 900.- out of it. So I changed the investment amount (too high) to Investment - 900. The money accumulates within 48 hours at the clearing account. Of course, it depends on how high the amount is and how many loans are currently expiring or which interest is currently being injected.
19. 3.2017 there is more demand than loans. Money can not be reinvested immediately. That is the only disadvantage of this form of investment. The support says (as always) just wait or create a few portfolios with the same settings (max 10). So one supposedly improves his chances with the lending. But I make life more complicated than necessary, so I leave it with a portfolio and just increase the maximum amount / credit to z. B. 250.-. After a few days there were again many loans, this time with 12% (12.68% with compound interest). Balances so well over the year, the yield fits. It's true what they say, it's best to just let the system work in peace. If you set the maximum amount / credit quite high, even larger amounts can be reinvested quickly (at good interest rates).
20. How can one now recognize whether there is a credit demand backlog? You get weekly account summary by mail. At the top is Opening balance, at the bottom Closing balance. If there accumulates more and more cash over a longer period of time, something will not work. Ideally, the closing balance is 0. So all money is invested, nothing is due to the clearing account. Of course you can see that when you log in to your account. But it brings nothing, if you look there last, nothing changes. According to support, the money should not exceed max. 1 month lying on the clearing account. But there are times when many loans expire at once. Since you have then just a lot of money at the clearing account. This is completely normal. The whole thing is really important only if you want to invest a lot of new money. Because if there are no loans for a long time, that makes little sense and you are better off with another investment ev. I asked the support and told them how much I have invested and how much I currently want to invest. They'll tell you if it makes sense. And you can see the available credits. Man Log in, press Invest, press Manual Investment and get the list Available Loans. You can sort them z. For example, by return, or you use the search filter. If there is nothing listed, there are just no loans at the moment. A good opportunity to get some money. They'll tell you if it makes sense. And you can see the available credits. Man Log in, press Invest, press Manual Investment and get the list Available Loans. You can sort them z. For example, by return, or you use the search filter. If there is nothing listed, there are just no loans at the moment. A good opportunity to get some money. They'll tell you if it makes sense. And you can see the available credits. Man Log in, press Invest, press Manual Investment and get the list Available Loans. You can sort them z. For example, by return, or you use the search filter. If there is nothing listed, there are just no loans at the moment. A good opportunity to get some money.
21. I've been watching the available loans for a few months now. There are many 10% and 12% loans. Most in a swing only 10% then in a swing only 12%. 8%, 13%, 14% loans are rare. The average return of 12% used on the start page in the sample calculation is therefore realistic. 10% are 10.47% and 12 are 12.68% = average 11.58%. Add a few 13% and 14% and you're at 12%.
22. It is not very clear to me which criteria the Auto-Invest loans are awarded. Think they share the just. I got 10% loans on April 1, 2017, although more than 1,000,000.- were available in 12% loans, actually illogical. But here is a trick. When you update your portfolio and enter the values ​​that you want to have, the loan volume below meets these criteria below. Eg 12% with Payment Guarantee (PG), that's perfect. If you see a high loan volume below, you confirm the changes and get what you need to get. If there is nothing suitable, you break off. Then everything stays as it was, eg. B: My standard 10-40% with BuyBack Guarantee (T) and Payment Guarantee (PG), all countries.
23. Security, Twino says at my request: Our IT team is strongly monitoring security of our systems. Our procedure does not allow changes in the account without confirmation of the identity. A person's bank account can not be withdrawn from a bank account.
24. Delays in remittance: When holidays and weekends come together (eg Easter), it takes a bit longer. If you click on Withdraw again, you can see that the old order is still in progress. You can not enter a new order as long. If you look closely, the bottom of the window is: Your withdrawal application is accepted and will be processed within 2 business days. So you should accumulate so and return that the money is not long without interest on the clearing account rum, so not before weekends / holidays. Of course, if the money is already on the clearing account, it does not matter. Because it is not interest-bearing there and with the transfer also not. Twino says: Withdrawal requests are processed on working days, and due to Easter holidays, the TWINO office was closed on 14.04.2017 and 17.04.2017, as well as banks do not carry out international transactions on the specified dates. The payment will be carried out today. Our system is not linked to the bank's website, so it requires a few manual processes to carry out the payments. It helps us monitor cash flow as well as double-check if it is correct with the bank account formats and investor names.
25. Bug on 26.4.2017. In the repayment of the new payment guarantee (PG) was a bug, there was a double booking. The was canceled and then there was a stand at the disposal cash, which can not be. Email written, get a clear answer in a minute. This has happened, the error has been corrected, the status will automatically be adjusted when new interest / repayments arrive. Perfect. No denying, arguing, messing around etc.
26. Bugs on 12.5.2017. Lowering my investment method to accumulate money for remittance no longer works. Had to press Stop (that's not very elegant, but it works too). And when changing the auto-investment settings you have to click back and forth until you see if and how much credit is available. The support was as always 1A, runtersetzen works again as it should. The auto-invest settings thing is a bug that gets fixed.
27. How do I see what interest I received this year? Simply on My Investment> Income Statement. Select the current year, it will create a PDF (for the EKSt.). There you can see all income = interest and penalty fees. Very simple and clear.
28. New 5.2017:Under My Investments is now the menu item Cash Flow Forecast. Here you can see how much money you will have in the future. For the current and the next 2 years. In each case what comes back to capital and interest. How they get on the numbers is not clear to me. I assume they take the long-term loans and simply display the repayment plan. Good thing, only the money that comes back so newly created. This does not seem to be in the cash flow forecast, because I could pay it off. The numbers for the next few months will therefore be reasonably correct, next and next year certainly not. So a cash flow forecast without reinvest. If you need a larger sum, you can see what is available. If you stop a few days before Reinverst, the money is available at the clearing account.
29. Conclusion: I have sold my supplementary pension insurance and invested so much money at Twino that I can live on the interest. Most of my loans are 12% (was a good time) = 12.68%. 10% for me 2.68% for inflation. This completes the P2P loans project.
30. New 17.8.2017:  Right top, next to the logout, now a red dot appears if you have something to tell me. For example, when money was invested, a payout was confirmed etc.
31. Conclusion after more than a year: Perfect (come on 11.10% XIRR).
32. Since I have too much income from capital income for 2018, I will recover a large part of my investment. Simply press Stop, money accumulates, transfer or leave the clearing account. You can also change the settings in the car investor, z. For example 12-40%. Since there are few 12% loans, most of the money accumulates on the clearing account. In 2019, I transfer my money back to Twino. So you can control your taxable income exactly. You get every week on Mondays 8h its account summary. It says exactly how much interest income the last week brought. This can easily be extrapolated to the year and calculated. I wanted to use the car portfolio again in the default settings (10-40%). The eternal change has apparently upset Twino. I got the impression that it got stuck at 11%. So new car portfolio created and old deleted. The money lying around for 3 days was newly created in 1 hour. Of course, it can also be coincidence.
33. And who is behind Twino? Here's a short video from Armands Broks Founder / CEO.

Tax: I assume that as long as the money stays with Twino, there are no taxes. If I transfer money, I have to pay tax on the interest that is included in the amount. But that can not work, because when I transfer money, how should I know how much of it is interest and how much taxed capital? It is mixed, the interest is also variable. In Twino, I can call up all interest income of a period and download. So it will be easier to retrieve the interest once a year and quote it in the income tax return. Regardless of whether you withdraw money or not. My tax advisor confirms this. The (virtual) income is taxed once a year as income from capital gains or capital gains tax. So everything has its order and you can do it yourself. Since 13.3. In 2017, you can download a clear compilation of taxable income from Twino (My Investment> Income Statement). Interest and penalty = revenue, which is taxed. Either withKESt. Or as income = standard taxation .

Tip
Now, of course, the 0% installment purchase will be interesting. Normally, I always pay cash. But I figured that out, you can save me up to 38% with 3 years. Example: iPhone 7 (Media Markt) at 759.- or 36 installments a 21.08.-. Interest for the 759.- in 3 years at 11% 291.-. 759-291 = 468.- . Please take care that no insurance against installment failure is completed! McShark (for Apple products) offers something like that again and again . I buy for the company, it is of course even cheaper. The VAT is eliminated and the costs are reduced by EKSt and SVA. There comes a lot together. I have asked my tax advisor, the purchase (if more than 400.- net) despite installment payment in the investment index.

Of course, vice versa. I need a new computer in 3 years. I charge 720.- to 11% for 3 years. Brings 279.99.- Interest income = 999.99.-. Now I can pay cash 1000, but have only spent 720.- (I save 38%). Or I combine that with the 0% installment purchase. The 1000th I put back to 11%, yields 1.388,88.-. I bought around 1000.-, interest income 279.99 + 388.88 = 668.87. I actually paid 331.13.- (I save 70%). So I can finance very expensive purchases. If I have no 1000th - you can build the capital of a savings plan, z. B. 23 .- / m. I buy over the company, see above.

Of course you do not have to invest, calculate, bind, keep deadlines, etc. If you do it like me and the cash is invested in daily P2P loans, the system optimizes itself. No matter what I buy when, I have always made the best of the money. Whether cash or 0% installment purchase.

If you do not like P2P loans, you invest in a 3 or 6 year investment with good interest rates. Not quite so elegant, but comes out the same. Only the capital is blocked and the interest would have to be automatically reinvested (accumulated).

I have omitted the taxes on capital income. It's about the principle. Whether and how much taxes you pay, is very different. 



Alternative  (eg spread to the risk) 
Swaper ,  12%, 14% for VIPs (from 5000.-, from 3 months). Latvia, Bank: AS Swedbank. They use the platform to raise money for loans from the mother company  Wandoo Finance Group . Ask questions by mail Swaper, they speak German. The Youtube channel shows the most important settings. Interview with Swaper CEO Pēteris Ķīsis.

The transfer details on the Swaper website are confusing, I had previously confirmed by mail.

A first Auto-Invest basic setting. Autoinvest tips from the Swaper CEO.

Again with the trick to enter the investment amount much higher than you have invested at the moment. Swaper recommends this explicitly. So you need to transfer new money only. It is not due to the clearing account, but always created the same. At the same time you have a savings target. Of course you check immediately if they pay off and how long it takes. So z. B. 10.- pay out. Released the same day and bank account the next day. Faster than Twino. Makes a good impression. 


Legend to Swaper Auto-Invest

• Maximum investment amount. Enter more than you invest.
• How long do I want to run the car investor. At the moment Max. 3 years.
• What interest do I want? With Swaper, the 12% are fixed, so leave blank.
• How much money do I want to invest in a loan? With Swaper there is little credit so not too tight. All loans are insured.
• Volume filter: Which loans do I want to participate in? This setting creates more confusion than benefit and is likely to be removed.
• Runtime Filter: Which loan terms do I want to participate in?
• No investment when cash deposit less than x. Practically, I can always have some cash at the clearing account (of course, without interest) ready.
• In which countries should be invested. All is standard.
• Reinvest: Yes / No. Should the monthly repaid money (capital + interest) be reinvested immediately?
• Also invest in extended (default, no matter insured) loans: yes / no.
• Also invest in delayed (late payment, no matter insured) loans: yes / no.