Meet Marcin, an entrepreneur and Bondora investor from Poland

1. Tell us about yourself and what you do for fun.

I am an entrepreneur. A few years ago I was deeply involved in alternative investments (fine wine), right now I co-own an esthetic medicine clinic and run an educational foundation devoted to helping people with alopecia. In my free time, I like to cycle together with my son or play golf.

2. What made you start investing with Bondora and are you investing for a specific purpose?

I started investing with Bondora because I am always looking for a ‘passive” investment – that will not absorb a lot of my time (“set it, and forget it”). I treat my Bondora portfolio as an important part of my retirement safety net.

“My XIRR for today is 11.73% and it is exactly what I planned”

3. What were your goals when you started and what is your net return today?

My XIRR for today is 11,73% and it is exactly what I planned – just a little above 10% per annum. In my opinion return, about 10-12% is a reasonable “equilibrium point” between risk and return.

warsaw poland

4. What features do you use and how do they work for you?

I use portfolio Pro. That is an important functionality for me – as I said before, the low amount of time necessary to manage an investment portfolio is of crucial importance for me. Portfolio Pro allows me to define precisely the boundaries of my portfolio risk/return characteristics.

“Do not be greedy, do not take too much risk.”

5. If you could give any advice to someone starting out with Bondora, what would it be?

Be patient and allow your portfolio to “roll” and get the positive growth momentum. Do not expect miracles to happen. Do not be greedy, do not take too much risk.

“It is difficult to find an investor pursuing a really long-term investment.”

warsaw at night

6. Do the Polish invest differently compared to other European countries?

It is always difficult to make general statements. What I know from available statistics is that still the biggest part of assets owned by Poles are located in bank deposits. It seems that for our citizens it is difficult to find a balanced investment solution – they invest either too conservatively (deposits) or too risky (like FX markets). What is also typical – the short investment horizon. It is difficult to find an investor pursuing a really long-term investment.

Invest with Bondora today.

Meet Elena, an engineer from Bulgaria

1. Tell us about yourself and what you do for fun.

I am born and I live in Sofia, the capital of Bulgaria. I have a Master degree in Communication technologies Engineering but this didn’t become my profession. I work as a Software Quality Assurance Engineer for the last decade or so.

I dedicated nearly the same amount of time to dancing, but just as a hobby. For the better part I was dancing Salsa, then for a couple of years – Kizomba, and in the meantime I also tried other latin styles, hip-hop, and even classic ballet. With time though, dancing got replaced by other activities like weightlifting, gymnastics and climbing.

I love to travel, to see new places, to get to know different cultures and live new experiences. I enjoy sunny days at the beach, long walks in the woods and to conquer a mountain peak now and then :)

2. What made you start investing with Bondora and are you investing for a specific purpose?

For a long time I had a wrong idea of saving – I was saving only to spend the extra money after just a few months on something expensive that I couldn’t afford otherwise, or to go on vacation, or travel, and no matter how hard I tried to save a few bucks, I always ended up at the starting point, or even worse – in debt…

Until a few years ago, when I was recommended a book – “The richest man in Babylon” by George Clason. This book completely shifted my perception and attitude toward saving! I had the intention to find a way to gain passive income, but I still wasn’t really thinking of investing, because all I knew then was that to start to invest, you need a significant amount of money already at hand. And I barely had any…

After some time a friend of mine told me about Bondora. He had researched it and considered it as a very good option – a business with increasing potential, you can start investing with any amount of money, the return rates are noticeably higher than other investment options where the level of risk is low. So I did some research myself and I decided that this is just the right place for me to start investing.

Elena-Bondora-investor

“I joined a little over 2 years ago with the small amount I had managed to save so far for investing. Since then I deposit an amount funds each month and I reinvest all of the interest which to this date is over the remarkable 16%”

3. What were your goals when you started and what is your net return today?

When I started investing in Bondora, my goal was to create a long term investment plan – a future source of passive income.

I joined a little over 2 years ago with the small amount I had managed to save so far for investing. Since then I deposit an amount funds each month and I reinvest all of the interest which to this date is over the remarkable 16%.

4. What features do you use and how do they work for you?

I believe that when you are not very familiar with a subject, the best thing you can do is to find the people that know the subject very well. Financial instruments are a complicated matter to me, so I find the option to automate the investment process that Bondora provides a huge convenience.

I use the Portfolio Manager at Balanced mode. For an investment strategies and techniques newbie like me, this setting gives me comfort and confidence that my investments are handled in the most reasonable way.

I am very happy with how it goes so far and my intention is to try the Progressive mode soon.

Elena-Bondora-investor-story

“I use the Portfolio Manager at Balanced mode. For an investment strategies and techniques newbie like me, this setting gives me comfort and confidence that my investments are handled in the most reasonable way.”

5. If you could give any advice to someone starting out with Bondora, what would it be?

I find Bondora a great tool to fit different investment needs and even different personalities. You can deposit whatever amount of money you can afford or you feel comfortable with.

If you are not skilled in financial markets, you can completely rely on the Portfolio Manager at the mode that seems most suitable for you. If you are more experienced, you can try the Bondora API and make good use of the Secondary market to apply your skills to get the best of your investing.

Apply the settings that you think might work best for you and if you face any difficulties or have any questions don’t hesitate to contact the support.

6. Do you think Bulgarian’s invest differently to the rest of Europe? If so, how & why?

An important note to make is that I don’t know much about the investment culture of other European countries and I’m not familiar with any official researches and statistics on how the Bulgarians invest, so everything I can say on the subject is based mostly on my personal observations.

Some people do not invest because they’re afraid they’ll lose all their hard saved money. Some people mistake liabilities for assets – they consider the houses they live in and the cars they drive as investments. Some people want to have it all now instead of thinking for the future, so they live lives on credit – consumer loans for big TVs, mobile phones and other fancy gadgets, personal car leasing, 20+ years house loans.

But there is hope. :) I see more and more people who are interested in and work on their personal development and financial literacy. More and more people both save for rainy days and invest for either additional income, or retirement (with the population aging, they realise the social system won’t be able to support them).

For people who have more money available, the investment in properties for rental/sale is probably most popular. There are people who use platforms and apps to trade on the financial markets. There is also an increasing interest in cryptocurrencies and the blockchain technologies. Looking back at my experience, I believe that financial literacy education is very important. A possible solution would be that the topic is taught at school. This would help the children to develop proper financial mentality early in life.

Investor Visits – Exclusive insights from Martin

Last month, our German investors Martin and Ulrike visited the Bondora HQ in Tallinn, Estonia. Martin has been investing with Bondora for over 5 years and is an avid user of the API, find out more below.

Martin Resch at Bondora

1. Tell us a bit about yourself.

52 years old, living in the south of Germany in a small town. With two children studying and the third at school I try to make some saving for investments anyway. I like reading, watching movies with my family, cooking and sitting on my pc, working, coding or just reading the latest news.

In our holidays we are mostly traveling around Europe. Twice we visited the USA (last year we saw the solar eclipse there) and I’ve been in Middle and South America. There are a lot of places left I want to see the next years.

2. What were your first impressions after having a tour of the office? Does it look like you expected?

It was a great deal for us to visit Bondora and Tallinn too, to see where our money is and to meet the people there. So thank you again for the invitation.

I saw a video on YouTube of your office before so I wasn’t so surprised. But there have been more people than I expected. There was a cosy but busy atmosphere but nobody played table-soccer the three hours we were in ;)

It was very interesting to chat with the experts and yes, rather convincing. You never know how an IT-department is doing is job, but the guy exactly knew what I was taking about. That was impressive. Learning more about how the data is collected and how the models are built showed me that Bondora is on its right way and my money is rather safe there. There will be always a risk if you want to earn 2 digit returns.

“Learning more about how the data is collected and how the models are built showed me that Bondora is on its right way and my money is rather safe there.”

3. Why did you start investing with Bondora?

I started at the very beginning of 2012 and I heard about Bondora (Isepankur) from Claus Lehman, the great German p2p-guru. Having invested in some German platforms before I was not so glad with these anymore. Bondora promised great returns and seems to be extremely transparent. But it was very exotic to invest in Estonia back in the day. My friends were astonished when I told them I invest money at a little Baltic startup using the internet – Germany is still not as developed as Estonia is.

There have many changes happened since 2012 and not all have been an improvement for the lenders. But there are three parties – lenders, borrowers and Bondora itself. So demanding i.e. 28% from everyone could not be the right way long-term. Bondora is my greatest investment in p2p but I invest in 5 or 6 other platforms as well. German platforms perform rather poor and I would not recommend them anymore.

“For newbies portfolio manager will be great. And – don’t try to micromanage your loans! After some time you will have hundreds or thousands of them. Of course, there will be defaults. But that is part of the plan.”

4. What investment method do you use? Can you tell us what your net return is to date?

I use API from the launch. I mostly invest on second market but it is easy to use on primary market too. I learned a lot about programming, javascript but finally it works exactly how I wanted.

It is still hard to say what my net return is. Bondora shows me 20% and that is not a bad guess for the moment. It went down about 5% the last year, because a lot of my loans are defaulted. But I don’t worry – there are several recoveries now month by month. On long term – another 5 years – I’m expect 12-15% before taxes. Even 10% will be seasonable.

For newbies portfolio manager will be great. And – don’t try to micromanage your loans! After some time you will have hundreds or thousands of them. Of course, there will be defaults. But that is part of the plan. You have to know exactly what you are doing before entering the 2nd market as a seller. There are sharks there that snap at once the best parts of your loans in sell and your performance will be much worse as if you wait and see.

5. What changes do you expect in the Peer to Peer lending market in the next 5 – 10 years?

I hope it will grow a lot. There are many competitors on the market now and we will see much more the next years. Not all of them will survive. We will see some fraudulence so is good to know which company has years of experience and a working businesses model. I guess regular banks will enter this business too, so just did ING DiBa buying Lendico in Germany.

In general interest will go down to let’s say 6-8% over libor what will be fine if defaults will go down as well.

Martin Resch

6. Do you think Germans invest differently to investors from other European countries?

German money is extremely shy and there are to less investors here taking a risk. I guess 20 million or more could be shareholders or p2p investors but only 20% do. Literately billions of euros are “invested” in call money bringing 0.0-something percent interests.

Lending and investing is not a subject at school nor in chats with friends. So I guess, yes we are different. The new generation seems to be somewhat better informed, there are a lot of blogs and websites about passive income now but nothing will change before long.

Life insurance yes, lending money – seems to be weird. On the other hand, Germans don’t have many credits beside mortgages. Credits are evil – so lending is bad too. So it will be a hard job to convince the ordinary German to invest in P2P.

Portfolio Manager for an early retirement – Meet Martin

1. Tell us about yourself and what you do for fun.

I came to Bratislava, capital city of Slovakia, to study. Artificial intelligence and cognitive systems always fascinated me, so after finishing engineering study at Faculty of Electrical Engineering and Information Technology of Slovak University of Technology (FEI STU) I applied for job at Institute of Informatics of Slovak Academy of Science (ÚI SAV). After certain time I was forced to reconsider my work there though. Today I work in private sector as IT developer and with R&D spend just fraction of my free time.

I have other hobbies too: various sports, musical instruments (own some and want to learn play some more) and part-time doing musical accompanying for local children’s folklore ensemble. After all, folklore is my companion since early childhood, I sing 24/7 (in spirit at least when at public :D) and I used to dance it actively before. I also read fantasy and sci-fi or write some stupid little programs, useful at the moment. :D

2. What made you start investing with Bondora and are you investing for a specific purpose (i.e. retirement, extra monthly income, house purchase etc)?

I discovered Bondora in 2016. Somewhere I overheard expression “p2p lending” and got interested, so I searched for principle, pros and cons of investing that way and found some local and abroad platforms, including Bondora. I liked idea of direct lending, skipping long chain of middle-men and minimizing cost of process that way, it enables to decrease borrower’s interest and increase lender’s interest. Win-win scenario if you ask me. Moreover, Bondora as middle-man requires laughably low and very clear amount – 1% of interest, if loan is not defaulted. There are no hidden meaning and they carry similar risk to investors if loan is defaulted.

“My original purpose for investing was cash reserve, but since my net interest stays pretty high, I do dare to think of a nice (and premature) retirement possibility.”

I was raised to keep my spare cash safe. Bank interests are dropping so I presumed correctly, invested money can be relatively safe yet generate an amount of interest worth of being called gain. Bondora wins for 2 reasons: 1) it exists since 2008 and each year is proof they are not after fraud but try to do business honestly and in long term. 2) I searched for client feedback and found no significant dirt under their carpet.

Yes, most of responses were negative, but it is usual that satisfied clients are less persistent in notifying public than unsatisfied ones. Also, these negative responses were just few in count and their main issue could be summarized as communication error. Sometimes Bondora overlooked to inform clients when doing some changes in recovery process, maybe incorrectly labelled some interest figure, or clients simply done incorrect calculations themselves. Everybody learns and up to today I noticed no more than few cosmetic bugs. So, back to my second point – I believe, that if client’s biggest issue is if their interest is 13% or 17%, it is safe to assume I have a decent chance for 2-digit interest and no big ugly surprises awaiting.

3. What were your goals when you started and what is your net return today?

My original purpose for investing was cash reserve, but since my net interest stays pretty high, I do dare to think of a nice (and premature) retirement possibility. In the beginning I expected approximately 10% proclaimed by Bondora, yet my net interest never dropped under 18%, for now. I’ve done some calculations for the coming decades – expecting average net interest at 14% and development is so promising I could switch from monthly investing to monthly withdrawing (partial withdrawal of monthly income) in merely 6 years. Plus my retirement income would be better than my parents ever dreamed of.

“I’ve done some calculations for the coming decades – expecting average net interest at 14% and development is so promising I could switch from monthly investing to monthly withdrawing (partial withdrawal of monthly income) in merely 6 years.”

4. What features do you use and how do they work for you? E.g. Portfolio Manager, Portfolio Pro or the API.

I am really grateful for the automatic Portfolio Manager. Investment calculation machines are not exactly my cup of coffee so I gladly put myself into well care of people with most precise knowledge of topic and capable to configure the Portfolio Manager for most reasonable interest with minimal risk involved. That is why I do not use API nor Portfolio Pro – for me they represent chance to mess up settings and decrease interests. Since I invest only what I can spare, I set the Portfolio Manager to Progressive setting.

As for the Secondary market, I enabled buyout of current loans without increased price. As they say – do to others only what you would wanted them to do to you. Such loans are not extra risk for me and if time comes when I would need to sell my portfolio, time needed could notably shorten if others have secondary market buyouts enabled.

5. If you could give any advice to someone starting out with Bondora, what would it be?

If you consider investing with Bondora, here are some tips:

  • If you can spare larger amount of money, make first deposit big. Here is the thing – online company with non-secured loans is greater risk. The longer you invest – if you deposit a big amount right away, in 4-5 years you can double your investment and can relatively quickly withdraw initial sum back “to safety” and what is left is pure gain.
  • If you plan to invest monthly, do not forget that reported net income does not reflect your totally invested sum. For example, I have started from zero putting in 100€ monthly. In one year my total investment was 1200€, but with 20% net interest p.a. my interest was not 240€. It is because my investment grew linearly starting at zero, so my average investment was in reality 600€ and expected return 120€ is what I actually earned.
  • And two more notes. If you’d love to start investing but are not sure how much you can afford to pay monthly, try to put aside the amount left on account before payout…maybe there will be a few tens of € per month and after you are sure such amount means no harm to you, start investing. Also do not forget legislative. It is probable your country will expect you to pay tax from interests received. Check “Reports” section to see how much you earned in previous calendar years.

6. Do you think Slovak’s invest differently to the rest of Europe? If so, how and why?

I can’t speak in name of all Slovak, but most people I know favour keeping out of debts and ending them as fast as possible if it could not been avoided. With no debts, we can freely manage our money without fear they will be needed elsewhere.

“But, mentality changes and young people today fall in debts too easily, living mighty today and poorly tomorrow. I hope we will find right balance pretty soon.”

On the other side we put our desires aside, dreaming of freedom with no guarantee it will ever come. Investing with such mentality is thus difficult. But, mentality changes and young people today fall in debts too easily, living mighty today and poorly tomorrow. I hope we will find right balance pretty soon. I definitely try to. Despite belonging to the first group I decided to invest part of my savings into relatively safe Bondora rather than into high gain, higher risk cryptocurrencies.

Lars and his trip to Bondora HQ

Recently we interviewed Lars Wrobbel, a financial blogger and entrepreneur that came to visit Bondora HQ in Tallinn. Lars has used the Invite Friends programme very successfully thanks to documenting his own investing experiences on his blog. While this is only a small part of what he does, he plans to focus even more on his bigger projects and quit his full time job next year, freeing up more time for travelling.

The Invite Friends program is not exclusive to bloggers or social media influencers with large followings, anyone can get started today by sharing their unique link within their own social media network, work place chat or to friends and family interested in investing.

You’ve just had a tour of the Bondora office a few minutes ago, can you tell us your immediate thoughts on what it’s like?

It’s very different to my office in Germany (*laughs*), because my office in Germany is like a bank. Here it’s very colorful and looks like a lot of fun.

Tell us a bit about yourself and what you do.

I started blogging in 2015, in addition to that I started an Amazon business in the middle of 2016 and this is now my main project.

I produce my own books on Amazon, namely e-books and print books. My goal is to be better than the official publishers, currently this is going very well. I have some others writing for me, I also do the research looking in to what the key words are and what is most appealing to readers.

lars-wrobbel-image

“I simply document my own progress with my Bondora account and what I do with my own investments”

Why did you start referring people to Bondora?

Bondora was the second P2P platform I used. I only write about my own experiences on my blog, so it essentially was not my plan to refer other people to Bondora. I actually never recommend people to use Bondora.

I simply document my own progress with my Bondora account and what I do with my own investments, I feel this is more genuine because my readers are making the decisions themselves to start investing. Of course, it is very nice that I can still earn money as a result of this from Bondora’s Invite Friends programme but this is not my main focus.

How do you successfully refer so many people to Bondora?

My blog is definitely the easiest way because through my own experience, I can build up trust with the readers and it has a much bigger reach. I publish an article every second weekend, every article takes up around 4 – 6 hours of my time depending on the content. I also have YouTube videos now which takes up my time, for example producing the content. The videos have the same content as the articles in my blog, but I reach new people this way.

“One of the most appealing things about blogging is that I can make the location independent, I could be in Chiang Mai or Bali, and it doesn’t matter.”

visiting-Bondora-office

Outside of your own projects, are you still employed?

I am still employed, but I will quit my full time job next year so I can travel more and focus on my own projects. I work 14 – 15 hours per day, but I still ensure I make time for my independent work. One of the most appealing things about blogging is that I can make the location independent, I could be in Chiang Mai or Bali, and it doesn’t matter. This is my long term goal.

You can check out Lars’ blog here.

Robert Kiyosaki, teaching and volleyball. Read Andrea’s story

As part of our popular investor stories series, we interviewed Andrea this month. Check out his super story below.

* * *

Hello everybody, I am a former engineer who, after 20 years in the corporate field, has decided to leave my job and to devote myself to what I really like, teaching. Now I am a teacher in a secondary school in Milan and I hold private lessons in Mathematics and Physics.

I like sports (I am a volleyball referee since more than 30 years) and to stay with people; I am also a business owner cooperating with the greatest Network Marketing company in the world. Last, but not least, I am part of the Cashflow Club (do you know? Kiyosaki books…) in Milan and, with some friends from the club, we are starting a brand new association aiming at teaching the fundamentals of the financial culture to people, mainly the young.

“My intention was to create some passive income that could lead me, in a short period of time, to leave my job.”

I started investing in the Bondora platform two years ago thanks to the advices given to me by a friend from the Club, who had started the same business some months before, with good financial returns. My intention was to create some passive income that could lead me, in a short period of time, to leave my job. Well, after two years of investments, I can proudly say that the advices received were really effective and now I am really satisfied with the Social Lending investment with Bondora.

“I am earning up to 12.90% net interest and this is a really good result!”

portfolio-manager-strategy-slider

The net return is really high, compared with other Fintech opportunities. What I mainly like in this opportunity is to feel useful to somebody else in the world (the borrowers). Initially I had really no idea about what I could reach by this kind of investment and the return has indeed surprised me: I am earning up to 12.90% net interest and this is a really good result!

In the Bondora Platform, after a long period while using the Portfolio Manager feature, since some few weeks, I have been using the Portfolio Pro, which I like more for the opportunity it gives me to handle my portfolio.

“I suggest to all of you to trust the platform, by starting with a small amount of money and then dropping in a monthly amount”

The cooperation with peers in the Cashflow Club has really given me an opportunity that I did not even know before. Now, by talking to all relatives and peers about this really great financial opportunity, though in Italy the average financial knowledge is not so high, I hope to involve many people to invest in Bondora.

I suggest to all of you to trust the platform, by starting with a small amount of money and then dropping in a monthly amount, in order to get back an interesting income, thanks to the most powerful existing financial tool, the compound interest, defined by Einstein as one of the greatest inventions in the world.

To all of you I wish a great financial experience and a nice future along with Bondora.

From borrower to lender, Eduardo has seen both sides of the coin

Welcome to another edition of our investor stories series. In today’s story we interview Eduardo, a Spanish national who, after paying off his Bondora loan early, decided he wanted to become the lender and started investing with us.

Bondora borrower and investor Eduardo

“I started asking for a loan with Bondora… I wanted to reverse the situation and it was me who would lend and not ask for a loan.”

Tell us a bit about yourself?

My name is Eduardo, I am Spanish, from the city of Burgos. I am a technical analyst and computer support professional. I like to travel, cinema, football, and to invest.

What made you start investing with Bondora?

I started asking for a loan with Bondora on Google, which I already paid in advance. I saw the potential of Bondora, and I wanted to reverse the situation and so it was me who would lend and not ask for a loan.

“I have been doing this for 2 years now”

What were your investment goals when you started and how is your portfolio doing now?

I wanted to start small, with €600 per month. In a year I liked the results and I followed with €800 per month and a few months later, €1000 per month … I have been doing this for 2 years now.

What features/strategy do you use and how does it work for you?

I use Portfolio Manager, Portfolio Pro following my strategy of what loans and how much to invest.
Sometimes Secondary Market. In the past I did all manual, and bought in the secondary market to compensate.

It is very difficult to have more losses than income, and you can always start slowly and lose the fear.

If you could give any advice to someone starting out with Bondora, what would it be?

My advice is to act with your head and follow a method without leaving room for emotions or for quantities of more. This should only be a second source of income and hobby. It is very difficult to have more losses than income, and you can always start slowly and lose the fear.

If you would like to be part of our investor stories series, get in touch today on investor@bondora.com

When music is your obsession, do you still have time to invest? Meet Duncan

Welcome to the third post of our investor stories series. We are excited to share our interview with Duncan, a first time investor whose goal is to make enough passive income to take care of his living costs while he spends more time doing what he loves.

Bodnora-investor-Duncan

“I was a first time investor, so I would tell my past-self “Just do it!””

Tell us a bit about yourself?

I’m an Australian, living in Portugal. I make electronic music. My only (other) hobbies are cooking & reading. I love my job so I don’t have room for more obsessions!

What made you start investing with Bondora?

I was looking for an investment option that satisfied a few personal criteria:

  • Good return
  • Access to the interest (good cash flow)
  • Closer to real investment, putting my capital in real people’s hands, rather than just property or speculating on a stock price.

“I simply use the portfolio manager, with a medium risk setting”

What were your investment goals when you started and how is your portfolio doing now?

My investment goal was simply to provide me with enough passive income to take care of my living costs, while I work on my music. My portfolio is performing well enough that I can do that.

What features/strategy do you use and how does it work for you?

I simply use the portfolio manager, with a medium risk setting.

“After tracking its performance for a few weeks, it became clear that Bondora really was performing as advertised. Better than the other p2p services I tried.”

If you could give any advice to someone starting out with Bondora, what would it be?

I was a first time investor, so I would tell my past-self “Just do it!”. Being scared/sceptical, I only invested a small fraction at the beginning. But after tracking its performance for a few weeks, it became clear that Bondora really was performing as advertised. Better than the other p2p services I tried.

We love Duncan’s story. It’s inspiring when we see our customers take control of their financial freedom and make more time to focus on doing what they enjoy.

Be like Duncan and start here today!

Find out how Bondora helped Janar make his dream home

Welcome to our first ‘Borrower Stories’ blog post!

Recently, we had the pleasure of interviewing a long term customer, Janar from Estonia, who took out a loan with Bondora to renovate his dream home.

tallinn-oldtown

1. Tell us a bit about yourself?

My name is Janar, I am 37 years old and I am an electrician from Keila, Estonia. I’m keen on sports, especially jogging, and you can see me once in a while participating in the various marathons held in Estonia. I also enjoy the theatre and going to the movies whenever possible.

2. How did you hear about Bondora?

I needed a loan for renovating my home and heard about Bondora from my brother, he is actually an investor with Bondora.

“I am really happy now that I have my dream home, so if someone was to ask, I would definitely recommend Bondora!”

3. How long did it take for your loan to be accepted?

It was fast and a very convenient application process.

4. If you could give any advice to someone thinking about taking that next step and buying their dream car, holiday or home renovation, what would you tell them?

I am really happy now that I have my dream home, so if someone was to ask, I would definitely recommend Bondora! I am very interested in investing as well and hope to become an investor with Bondora in the future.

* * *

estonia-in-europeSometimes it’s easy to forget about the powerful impact making investments in peer-to-peer lending can have on people around the world, whilst still giving you an exciting return on your money.

If you have a loan with Bondora, we would love to hear from you and publish your story. Please get in touch today on investor@bondora.com.

Meet Jens, a freelance consultant from Denmark

Welcome to another post part of the exclusive investor stories! This month we had the pleasure of interviewing Jens, check out his story below.

Bondora-investor-Jens

“I have 2 accounts running on Bondora. All are using the Portfolio Manager. Returns are 13% and 9%, so overall I am happy compared to other asset classes.”

1. Tell us a bit about yourself?

My name is Jens, I am from Denmark. Me and my family, wife and 3 kids, have been living abroad for many years, but decided to move back to Denmark in 2009. I am an engineer by training and I have been self-employed for 17 years and work as a freelance consultant specializing in Sustainability, Environment, Health and Safety (EHS). I have always been interested in business, finance and economics and read a lot on the subject whenever I have time besides my family and job. That is how I came across p2p investing and Bondora in 2013/14.

2. What made you start investing with Bondora?

After taking a closer look at the P2P market place I decided to invest in Bondora and Lending Club in 2014 via my company. I chose Bondora due to their relatively long history, track record and that the company turned a profit. Nobody knows yet what is going to happen if a p2p lender goes bankrupt. I am still keeping an eye open to invest on other platforms for diversification purposes within P2P, but I am very cautious because it seems new platforms are launching every day! I am following the market via newsletters from p2p-banking.com and AltFi News.

“I choose Bondora due to their relatively long history, track record and that the company turned a profit.”

3. What were your investment goals when you started and how is your portfolio doing now?

My investment goals for P2P were and still are primarily a steady return and diversification across asset classes, like shares, bonds, FX, property, etc. I myself consider p2p a new asset class. When I started investing in the year 2000 the goal was to save for retirement. But by also focusing on saving money on an everyday basis I hope to not have to ‘work’ so much anymore and spend more time reading, investing and building ‘stuff’, i.e. more freedom.

I have 2 accounts running on Bondora – 1 for my company and 1 for my wife. All are using the Portfolio Manager. Returns are 13% and 9%, so overall I am happy compared to other asset classes. Looking forward it is going to be interesting to follow how returns are going to be affected on p2p platforms once the next recession(s) hits various countries/regions.

4. What features/strategy do you use and how does it work for you?

I have always used the Portfolio Manager and all are set to ‘Progressive’. I have for some time been playing with the idea of using some kind of ‘big data’ analysis and if successful I could use the Portfolio Pro or API. In the US ‘robot investors’ do exist already using APIs. I have not come across any for the European platforms.

“Start out with an amount you can do without for a couple of years, but big enough to be able to diversify across at least 200 loans.”

5. If you could give any advice to someone starting out with Bondora, what would it be?

Start out with an amount you can do without for a couple of years, but big enough to be able to diversify across at least 200 loans. Use the Portfolio Manager. Monitor, learn and gain experience for at least a year and then decide what to do next.

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