With global economies coming to a screeching halt due to the coronavirus, Bondora was still able to generate €9,601,815 in funding over the month of March. Consistent with last month, Go & Grow remained the most widely used funding product, garnering €6,198,550 in funding over the month.
Growth for Go & Grow
Reversing a previous trend, Go & Grow increased its share of funding on the Bondora platform. With 65% of total funding, Go & Grow was 4% higher than last month, with Portfolio Pro decreasing by 4% to 22% of total funding as a result. Both Portfolio Manager and API funding remained the same, at 12% and 1% of all Bondora funding respectively.
Forecasting for the future
For those that want to visualize their Go & Grow investment over time, you can use the Go & Grow Forecast tool. With the Go & Grow Forecast tool, you can plan for the future by estimating your investment returns. To access the Forecast tool, log in to your Bondora account and go to Go & Grow. Then, click the three stripes icon in the middle of the screen and select Forecast.
From here, you can enter a starting investment amount, a monthly investment, and the number of years you plan to invest.
After you enter these inputs, the Forecast tool will provide you with your returns over that time period, both if you would have made monthly contributions and if you had not. To help you visualize your investments, the graph and results will update automatically if you change any of the inputs. So go ahead, play around with the Forecast tool to see what your financial future could look like.
During this time of uncertainty, investors should be looking for more stable, secure investments for their portfolio. Luckily, Go & Grow provides this stability, in an easy-to-use investment for beginners and seasoned investors alike.
Learn more about the different Bondora investment options here.
*As with any investment, your capital is at risk. Investments made through Bondora are not guaranteed; therefore any assets allocated to the Go & Grow account are not guaranteed by any state fund or otherwise secured and it may not be possible to liquidate assets or withdraw money immediately. The yield is up to 6.75% p.a., but please note that the yield achieved in past periods does not guarantee the rate of return in the future. Before deciding to invest, please review our risk statement or consult with a financial advisor if necessary.