|Month||Annualised return for each month|
That’s still a very healthy return reflecting the substantial risk one takes in investing in subprime debt. My pension, as a comparator, makes about 7% per annum, but earnings there are tax free, and earnings on Mintos are treated by the tax man like bond income i.e. as normal income. I’ve more than earned enough from Mintos in 2019 to cover the loss to inflation of my cash reserves, which was the whole point of investing with Mintos at all originally. However, at my marginal tax rate after work income of 52%, half my Mintos income is lost to tax, and what remains does not entirely cover loss to inflation of my cash reserves.
Still, it’s better than nothing!
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You’d also thank me for writing these series of posts on Mintos and P2P lending, because I’ll also be rewarded for bringing you to Mintos. Everybody wins!
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