Mintos P2P Lending: Custom Auto Invest Strategy Configuration

As promised, here is a guide for myself and anyone else interested on setting up auto invest beyond the platform predefined strategies. The guide is based on my limited experience with the Mintos P2P lending platform and is for reference only. Make sure to leave me feedback if i have made some mistakes or left out nuances.

1. Let's start by creating a new auto invest strategy:

2. Choose the Custom Strategy option:

 3. Initially you will see that no loans match your criteria since no originators have been selected:

 4. Let's imagine we can select from a list of 6 loan originators (lenders) A, B, C, D, E, F and based on our research we have decided to only include everyone besides F. Here is how we would do it:

Lender F is not included so their loans will not be represented in our portfolio. You can go even more specific with the choices per lender: loan type, country, buyback guarantee and additional filters. The UI is pretty self explanatory. For the lender C i have unchecked the "no buyback guarantee" option (highlighted) and in a real strategy I would do the same for B. Notice how on the left hand side we can see 672 loans matching our criteria now. Much better.

5. Let's look at the summary for these loans (opened from the highlighted "Show summary" link on the previous picture):

One of the more important doughnuts here is the last one. We want to see all of our selected originators represented. E seems to have a rather small representation in our example so we might have a problem getting our investments diversified once we have invested a proportional part into all the loans of lender E and we still have money left that was meant for lender E so we would have to go fine tune our criteria a bit more.

6. Set up your preferred loan term and interest rates:

Setting up these ranges will influence the loans matching your criteria on the right so after tuning these values go back to point 5 to make sure all your selected originators still have enough loans that will be invested in. I personally don't see a good reason keeping the originators that have 0 matching loans or not enough loans to take up a proportional part in my investment strategy.

7. Give your portfolio a good name, define the amount of money that will be invested with this strategy and the minimum and maximum amount per loan:

I would set the investment in one loan to the minimum of 10 euros (can't go below this apparently) and maximum the same to keep the diversification as high as possible. If you want the returning money to keep being invested and making more, mark "Yes" to the "Do you want to reinvest?" option. I would say "No" to "Include loans already invested in" (such exist if you have previously manually invested in some, or your other strategies have included some of the loans matching the criteria in this strategy). To take the most diversification out of your selected originators, set "Yes" to "Diversify across loan originators".

8. You can go even more specific with how to diversify among your chosen originators by clicking the "Diversification Settings" link on the previous image. This will bring up a popup:

We can tweak how big of a part each originator should get in this strategy. There are links to even the percentages out. If you do trust an originator more and want to go heavier on it, you can adjust these percentags manually. Make sure the end result is 100% for the Total value.

If we marked that we want to invest 100 euros with this strategy and divided the strategy evenly across 5 chosen lenders, we should end up with 20 euros in each lenders loans with 10 euros per loan. This is given that each lender has at least 2 loans matching our criteria. If let's say originator E only has 1 loan then to my knowledge the other 10 euros reserved for this lender will not be invested and will remain on your account until a loan for that lender should come for sale on the market. That is money not doing work so you might want to try to avoid such situations.

Now it is time to Save and activate your strategy. If you had enough money for this strategy free on your account before activation, the investing should happen within  minutes and you're off. If you decide to make a deposit later or it hasn't made it to your account yet, it will be invested once it makes onto your account.

Hopefully this helps you a bit. Feel free to leave feedback on this guide and if you do decide to join me on Mintos platform, help us both by using my Mintos referral link for registration.