Hi all,
as i received many questions on what to fill out for the Mintos suitability and appropriateness assessment, i’ve included my answers (correct per 30-6-2023) which unlock all Mintos features and allows you to invest unlimited amounts of money on the platform.
Financial situation
Salary, Self-employed, Dividends and/or interest income
€70 000 – 149 999
> €250 000
10 % – 20 %
Knowledge
How would you compare the investment risk of one loan with a return of 12%, to another loan with a return of 8%?Edit
The risk is higher on the loan with a return of 12%.
The investor must check both the credit risk of the lending company and the borrower, even if the loan comes with a buyback obligation.
The lending company is obliged to repurchase issued loans if borrower repayments are more than 60 days late.
Mintos does not provide portfolio management services; all client investments in financial instruments are the fulfillment of orders on behalf of the client.
There’s a possibility that a borrower can repay the loan prematurely or that the loan will be extended. For these reasons, the expected cash flow from investments may change.
The return on the investment would decrease in your home currency.
Experience
Do you have a higher education degree or a professional education certificate?Edit
Yes, in the field of economy or finance
No
I have good knowledge
More than 2 years
More than 2 years
More than 2 years
More than 2 years
Investment goals
I want to greatly increase the value of my capital, and I accept substantial risk.
More than 5 years
To get above average return on investment, I am prepared to take on higher risks, even if that can result in loss of a significant part of the capital invested.
I’d accept the losses, as all investing includes the risk to lose all or part of the capital invested.