In the month of November, we launched our new YouTube series where we discussed the possibility of making millions in a recession. We also talked about your personal statistics page and how you can work with our support in tracing your missing transfers to your Bondora account. Check out the details below.
Can you make millions in a recession?
For those who can anticipate a recession, there is money to be made. This makes it extremely important to not panic during a recession. By playing it cool, you can often find ways to make money in these times.
One notable figure who has always seemed to find a way to make money during recessions is Warren Buffet. Buffet noted how the key to coming out on top during a recession is to “be fearful when others are greedy, and be greedy when others are fearful.” Following the most recent recession in 2008, Buffet used his stockpiles of cash to buy assets which he felt were undervalued. This proved to be extremely profitable for the financial guru, as he was able to benefit from a market that scared others away.
Do you need as much money as Warren to make money in a recession? Definitely not. Make sure to do your homework and anticipate what assets might become undervalued when economies are in a downtrend. Doing so will allow you to leverage your knowledge to get positive returns when others are fearful of the markets.
*As with any investment, your capital is at risk and the investments are not guaranteed. The yield is up to 6.75%. Before deciding to invest, please review our risk statement or consult with a financial advisor if necessary.
Why is my statistics page empty?
The data you’ll see on your statistics page will depend on which product you are using.
If you use Go & Grow, you’ll find all the key figures you need (including a live net return tracker) on your Go & Grow page. Here, you can also find your Go & Grow tax report.
If you are using Portfolio Manager or Portfolio Pro, we will publish the data for your portfolio, 90 days after your first deposit, otherwise, it shows N/D (no data). This time, the limit is set so that there would be enough data to give an objective overview of the portfolio.
My transfer is missing, can you trace it?
Transfers should reach your Bondora account within 1 – 3 business days depending on which method you used. But, if your transfer is not on your Bondora account after this period, you can contact our support to help you trace it.
When writing to our support, remember to send a copy of the confirmation of the transfer where all the necessary transaction details can be seen. This will enable our support team carry out an internal trace or contact our payment service providers for further trace if necessary.