Author Archives: MPI

Why do so many frauds appear in the crypto world?

Cryptocurrencies

The truth is that in no field of investment are there as many wrong opinions as there are about cryptocurrencies.

And in the online environment there are not only erroneous ideas, but also numerous misinformation and outright frauds.

There are several reasons why this happens:

1. The cryptocurrency field is very, very young

Blockchain technology and the first cryptocurrency, Bitcoin, were born in 2009, so only 13 years ago.

On the scale of history, this literally means YESTERDAY!

It is no exaggeration, if you consider the fact that classic instruments such as shares or bonds have been traded for several hundred years.

Not to mention real estate or precious metals, which have been known for several thousand years…

Therefore, being a field that is JUST at the beginning, it is normal that it is very little known.

Not only is the number of specialists reduced, but also the ideas that reach ordinary people are often distorted, because they come from people who really don’t know what they are talking about.

2. The field of cryptocurrencies is very innovative

Here we are dealing with some ideas that have the ability to change completely, to revolutionize many other fields.

E.g:

  • the way we transfer money from one to another and the way we make payments;
  • the way we store the value;
  • the way we lend money, or make other types of contracts between us;
  • the decentralized way of approach, in which the center is no longer the “system” or any authority, but even the consumer, i.e. the common man.

Being such an innovative field, cryptocurrency technology will bring many changes.

That’s why the old financial institutions (including banks) are scared by these changes and are doing everything possible to “put rust on the blade” of these innovations.

Including through intentional misinformation.

3. The field of cryptocurrencies brings a lot of money

There is a real connection between the field of cryptocurrencies and the idea of making money. Sometimes a lot of money.

Because this was possible in the past, under certain conditions, and it is likely to be possible in the future (also, under certain conditions).

And every time the idea of a lot of money comes up – as it happened in the past with every “gold rush” – 2 things happen:

  • on the one hand, many ordinary people let their imagination run wild and end up making extremely wrong decisions, which bring them great losses;
  • on the other hand, there are fraudsters and thieves, who push people to make extremely wrong decisions.

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Deposit and invest money by November 7 and earn more with Robo.cash!

For other bonuses visit our Cash-back & Bonuses page.

Get rich in the stock market overnight. Myth or reality?

To be a successful investor it is essential to understand and overcome the biases that often lead to wrong investment decisions. A common misconception, especially among many new investors, is the belief that investing in the stock market can make them rich overnight.

The scenario seems real in that some investors end up making big gains at one point, but in this case, more often than not, the investment was made years ago.

Success is due to patience, emotional intelligence or vast experience rather than luck or a great trading opportunity that “struck” overnight. Financial literacy and staying up-to-date with the most important news and events are ingredients that also make the difference between investment success and failure.

The stock markets are constantly changing and it is not good to expect big and quick gains. This fact does not help you concretely, but, on the contrary, adds even more pressure on you.

That is why, before you actually enter the market, review the relevant information and be aware of the associated benefits and risks.

Perhaps along the way you will be pressed for time and this will make you want to “cut corners”, simplify complex decisions and thus become overconfident in your decision-making process. But keeping your expectations realistic not only gives you a balanced point of view, it also helps you be rational.

Moreover, because the decisions you make trigger certain processes, biases can actually prevent you from having an optimal approach (optimal does not mean perfect!).

At times when you seek to be perfect in this area, you begin to give too much importance to some things, leaving others on the outside.

With limited resources as an individual, it is better to seek an optimal and not a perfect allocation of them, because the inevitable errors will drain your energy and make you lose your focus.

You have to remember that in investing, you don’t aim for the impossible, you just have to eliminate the errors to become constantly better.

That is why, if you avoid major mistakes and have some understanding of the markets and the economy, the odds of becoming a successful investor are completely in your favor. But don’t think that this is the secret to becoming rich overnight.

Those who are extremely confident and also have the misfortune of having…luck in the beginning, believe themselves far above the level of those who have some experience and have also recorded losses among their gains.

But these lucky beginners will be the most shocked by the markets, and the return to the ground will be more painful for them.

By constantly learning about “investment psychology” you will know how to manage other emotional errors that can occur in any investor.

The most common prejudices and preconceptions that can lead to wrong investment decisions:

  1. Confirmation – some investors are overconfident in their decisions, focusing on data that seems to confirm, rather than disprove, this.
  2. Attraction to “sensational” information – as investors are bombarded with a plethora of information every day from financial commentators, newspapers and stockbrokers, it is difficult for them to filter it to focus on the relevant information.
  3. Aversion to potential losses – some investors refuse to sell losing investments in the hope that they will get their money back. But, in addition to money, they can also lose their self-confidence.
  4. Incentives – the power that earnings and incentives can have on human behavior often leads to exaggerated frenzy.
  5. The tendency to oversimplify – in seeking to understand complex matters, investors tend to want simpler explanations, but some matters are inherently difficult to explain and do not lend themselves to simple approaches.
  6. Hindsight – this state of mind prompts investors to eliminate objectivity in evaluating past investment decisions and inhibits their ability to learn from mistakes.
  7. Confidence Transfer – Speculative bubbles are usually the result of groupthink and “herd” mentality. This concept describes a certain kind of inner comfort that an investor can feel when they think that “others are doing the same”, even if their decision is not necessarily a good one.
  8. Neglecting probabilities – investors tend to ignore, overestimate, or underestimate the likelihood of outcomes other than those they have calculated. Most are inclined to oversimplify the process and allocate a single point estimate when making certain decisions.
  9. Anchoring in the past – represents the tendency of investors to rely too much on a reference or information heard in the past when making a decision.

To remember :

  • Understanding these biases can lead to better decision-making, which is fundamental to reducing risk and improving investment returns over time.
  • Shortcuts especially do not work in the financial capital markets. Make sure you follow a disciplined, rational and balanced approach to investing, always keeping in mind the long-term perspective, company fundamentals and market analysis of the sector concerned.
  • Investors who want to take shortcuts often end up losing their invested capital and blaming the markets for their own preconceived decision.
  • The reason our mind tends to simplify or make decisions based on trusting certain situational patterns without applying its own filters is because it wants to reduce energy. Thus, if you are just starting out and want to become a profitable investor, you need to make sure you have the mental energy and patience to avoid these prejudice traps.
  • Financial literacy is what makes the difference between investment success and failure. Invest in yourself first, in your education, to make sure your money starts working for you and not the other way around!

Esketit investment platform overview

Esketit platform is an investment platform, allowing private and institutional investors to invest in issued loans. The loans available for investment on the Platform are issued to private individuals all over the world.

The microfinancial companies issuing the loans are called Loan Originators and are using the funds raised on the Platform as working capital in order to expand their lending volumes.

Esketit Platform Limited is registered in Ireland with legal address 77 Lower Camden Street Dublin, D02 XE80. The operational offices are located in Riga, Latvia, Uriekstes Street, 2a-24, LV – 1005.

Anyone who is at least 18 years old and older and has a bank account of the EU or EEA can become an investor.

In order to invest you need to register on the Esketit Platform, confirm your email address, complete the identity verification process by providing either a National ID or a passport, and verify your bank account.

You can verify your account after your identity is confirmed. To do so, you need to transfer funds to one of the bank accounts listed on our website. This allows you to connect your bank account to your Investor profile. You only need to do this once. With us, the minimal investment is just 10€.

The investment opportunities in loans are listed in Euros. The loan originators are receiving funding in Euros and handling currency risks themselves.

Once the investment has been made, it is transferred directly to the Loan Originator. Your principal is repaid to you at the maturity date, which is stated for each project. Monthly, you will receive the interest payment for your investment.

I order to exit earlier from a projesct it is possible to place your investment for sale on the Secondary Market. If another investor agrees to buy your listing for your set price with discount or premium, or at par, you exit your investment before the maturity date.

Loans could also be finished by the borrower or loan originator faster than its maturity date.

Esketit platform could also consider rebuying those loans from you with a 1% discount in case you have such an urgent need. Please contact us at support@esketit.com to arrange this.

You can automate the investment process using Auto-Invest. Auto-Invest is the possibility to choose your investment criteria, such as preferred interest rate, maximum and minimum investment per deal, maturity date, and the system will automatically invest your money as long as your account balance is sufficient, and the deals are available for investment.

Don’t forget: if you register through this link  you get 1% cashback bonus during the first 90 days.

For other bonuses visit our Cash-back & Bonuses page.

 

How do we protect ourselves from inflation?

Inflation

The signs of inflation are becoming more pronounced and have begun to be seen in the wider world. Although the Federal Reserve and the Central Banks assure us that this rise in inflation is temporary, things are not so sure.

It would not be the first time that the authorities of any kind assure us that not much will happen and yet, after these assurances, exactly what they assured us will not happen happened.

It seems that we are in shortage of raw materials and inputs of all kinds: industrial metals, plastics, wood, foodstuffs, semiconductors and many more… and this contributes greatly to rising inflation.

Not all of these increases have been passed on 100% to final consumers, but they will be passed on in the near future. In other words, products of all kinds will continue to become more expensive in the near future.
The combination of low production during a pandemic + money injected into the system + billions of people escaping lockdown and restrictions and preparing to consume and travel, all this forms a super favorable cocktail for inflation, at least in the short and maybe medium term.

Who loses because of inflation?

  1. Those who save – Cash or savings accounts with zero and some interest + those kept in long-term deposits will be affected. They are already devalued compared to a few months ago.
  2. Consumers – Because most of the products and services we consume become more expensive.
  3. The heavily indebted (who have variable interest rates) – Because variable interest rates will most likely increase.
  4. Part of the investors in shares – Inflation creates some disturbance on the stock market, especially for those who hold growth-type shares who live on debt and do not produce enough cash flow and profit. Inflation creates the preconditions for rising interest rates, and this could lead to a decrease in the quotations of many companies, especially those that:
    •  are indebted
    • do not produce enough profit and
    •  are heavily dependent on the price of raw materials and that they cannot afford to easily transmit those costs to consumers.
  5. Fixed income bondholders – Fixed income instruments depreciate when inflation rises.

Who wins due to inflation?

  1. Indebted States – Given that most government securities are issued at fixed interest rates, below inflation and in the long term, states have the opportunity to reduce their debt burden through inflation. Well, what does inflation mean? Devaluation of money. And who benefits from the devaluation of money? Those who borrowed money with fixed interest and, more precisely, who are the biggest borrowers who benefit from low fixed interest rates? They are the issuers of government securities, ie the States.
  2. Manufacturers – Inflation means the appreciation (in monetary terms) of real values in the economy: goods and services that meet real needs. They are not necessarily valued, but only valued in monetary terms – more money on the market, the same amount of goods and services, resulting in more money for the same amount of goods and services. Of course, producers can lose if they do not pass on to consumers the high costs of raw materials. In the end, however, most producers will raise their prices if the market allows it.
  3. Goods and companies producing goods (energy goods, industrial metals, agricultural raw materials)
  4. Real estate owners – real estate is traditionally a good hedge against inflation. All raw material prices have risen – well buildings are made of raw materials and now it costs much more to build a block of flats or a house than last year. If you already own that house / apartment, then the value of your property has just increased due to the increase in raw material prices.
  5. Shareholders in companies producing solid cash flow will most likely benefit from inflation. This would include companies that have a low degree of indebtedness and a high profit margin, this includes companies that can easily make products more expensive (they don’t have much competition): this includes banks and other solid businesses that are cash flow machines.

What can we do concretely to protect ourselves from inflation?

  1. Pay debts with variable interest rates – If we have money lying in deposits, then it would be an obvious but important step. Even if we can’t pay our loans in full, it’s good to pay in part. With inflation, interest rates increase and consequently your bank rates will increase.
  2. Convert variable interest loans into fixed interest loans – If we cannot pay our loans, we can try to renegotiate / refinance them to convert them into fixed interest loans. If there are quite a few options to obtain long-term fixed interest loans, we can look for solutions that cover at least one period of the loan, if not the whole period.
  3. Beware of bonds and government securities – If we have bonds or government securities with fixed interest, along with inflation, they will decrease in value, and the interest paid by them may become real negative.
  4. Consume less – When the prices of goods and services rise, ie we have inflation, it is a good time to optimize and streamline consumption. If in the periods of low inflation we allowed ourselves to be more “broad-handed”, in the periods of inflation we can no longer afford to buy much and for no reason, because it costs us more.
  5. Make long-term contracts – We block any recurring cost through long-term subscriptions. Here we are talking about costs that we have anyway, not new costs.

How do we profit from inflation?

  1. We become producers
    When you have a fixed income (salary), there are little chances to counteract inflation. Any increase in revenue will come with a significant delay over inflation. If you get your income from freelancing or a business, you have the freedom to raise prices and take advantage of inflation.Inflation essentially means that there is too much money on the market compared to the amount of goods and services available. When you position yourself on the side of the producer, you are actually positioning yourself on the winning side of the barricade.
  2. Invest in shares of companies that profit from inflation
    In general, stocks are positively influenced by inflation, given that most listed companies can raise prices with the devaluation of money.However, inflation can affect the value of companies such as those with fixed incomes (subscription-based incomes such as telecom or utility companies) or those with excessive indebtedness.The companies that could benefit from inflation are either those that benefit directly from rising interest rates (banks), or those that have the flexibility to raise prices: energy, food, consumer goods, etc.
  3. Real estate
    Real estate in general tends to keep up or even exceed inflation. In addition, the owner of real estate for rent has the opportunity to protect himself from inflation by increasing the rent.
  4. Commodities and precious metals
    Gold is traditionally an asset that protects us against inflation (long-term and very long-term), tending to appreciate in times of inflation. However, we must know that in the short and medium term, gold is not required to follow inflation (but only in the long term).You can invest directly in physical gold or in financial instruments that have gold as their underlying asset.Commodities are generally appreciated during inflationary periods. They are very sensitive to inflation. You can most easily invest in commodities either by buying a commodity ETF (synthetic replication) or by buying shares of commodity producers.
  5. Invest in stock indices
    Moderate inflation will favor stocks in general. Too high inflation can affect them in the short term (the reasons are multiple – many companies cannot instantly pass on to consumers rising raw material costs + indebted companies are affected by rising interest rates + higher interest rates mean lower stock valuations).In the medium and long term, stocks are generally a very good protection against inflation, having, historically (the US market in the last 100 years), a significantly positive net inflation return of approx. 7% (7% + inflation).

Conclusion

Finally, we must remember that all the above actions and instruments can protect us from inflation theoretically, but the economy is a living organism and the appreciation or depreciation of various assets are influenced by many other factors besides inflation: economic growth, demand, psychological, demographic or social factors etc.

A prudent approach, a diversified allocation of assets and a constant focus on value creation will often position us as winners, regardless of market conditions.

An educated mind that constantly learns and constantly tests will have the ability to adapt to any market conditions and will thrive in the long run.

 

How to effectively protect yourself from investment risks?

Risk/Reward

 

Every time we think about the idea of making investments, the first thing that automatically comes to mind is the notion of risks.

This way of thinking is typical for the field of investments and is much less present in our normal, everyday life.

Or not…?

How present is the concept of “risk” in our lives?

Obviously, certain risks normally exist for us no matter what we do, only we don’t think about them all the time and we don’t worry too much.

Because they are quite small, and most of the time they are even EXTREMELY small.

For example, how many times do you happen to climb the stairs and fear that you might stumble and break a leg? Or how many times do you walk down the street with fear of having a serious accident?

Probably quite rare…

And yet, such accidents happen, because we hear about them many times and we even see them on TV.

However, they are very rare (thankfully!), So it would be abnormal to live our lives in constant fear of them, always thinking about these risks and everything that could happen.

In terms of investments, however, the way of thinking is exactly the REVERSE!

Every time we are interested in a certain investment, we must analyze very carefully the situations in which things could go exactly the opposite of how we hope.

What would happen in those cases, how we would react to an adverse scenario, how much we could lose – all this must be part of our plan from the beginning.

For the simple reason that sometimes these investment risks do occur, no matter how carefully and inspiringly our initial plan was made.

Therefore, the question we need to ask ourselves is not “IF” but, rather, “WHEN” the risks associated with each investment will occur.

It is very important to find out the answer to the question “HOW MUCH” can we lose if those risks occur. Because depending on this answer we know how to plan and manage our investment correctly from the beginning.

In any investment, the main concern related to risks is that, in case they occur and we have losses, they should be as limited as possible.

Because all investors, absolutely ALL, face these investment risks and therefore sometimes incur losses.

Even the famous Warren Buffett, probably the biggest investor of all time, constantly in the top of the richest people in the world, reported a significant loss a few years ago as a result of his investment in Tesco.

What is interesting is that, although in absolute terms this loss seems huge (being several hundred million dollars), in fact it represents only about 0.2% of the net value of the company run by Buffett (Berkshire Hathaway).

In fact, over the last 50 years, Berkshire Hathaway has once lost 2%, with the rest being less than 1% of its net worth. These impressive results confirm that the winning strategy is to keep the risks to a low level, and therefore the potential losses.

How can you effectively protect yourself from risk?

Self-knowledge and study are the most important elements when it comes to investing.

If you understand how you react to risks and potential losses, it will be much easier for you to build a portfolio that fits your risk profile and helps you achieve good long-term results.

Here are 4 things you should always think about BEFORE making a certain investment, so as not to expose yourself to too much risk:

1. How much can you afford to lose?

How much money do you have available for these investments? And, most importantly, how many of them could you lose without significantly affecting your portfolio (or even your standard of living)?

In addition to answering these questions, you need to think about whether you are comfortable with the fact that you will make those amounts unavailable for a certain period of time, specific to each investment.

2. What is your time frame?

The time frame for which you intend to invest is directly related to those risks that you are willing to accept.

The longer you invest for the longer term, the more chances you have of recovering from any declines, so you could take, at least theoretically, higher risks.

On the other hand, as you get closer to your goal (eg financial independence), you need to prepare your portfolio properly so that you decrease the total level of risk you take.

3. How well do you know the investment you want to make?

The main risk of an investment is the investor himself. Or, as Warren Buffett says, “Risk exists when you don’t know what you’re doing.

So, before you embark on a particular investment, get seriously informed and try to really understand how that investment works.

What are the main risks? What might not be going well? What are the positive scenarios and what are the negative ones?

And, most importantly, what will YOU do in each of these scenarios?

Once you find the answers to these questions, it will be much easier for you to make a concrete plan, which you can implement when the situation demands it.

4. How do you deal with these risks emotionally?

Your emotional ability to cope with change, unforeseen and potentially dangerous situations is very important.

If riskier investments stress you out and affect your daily life, you should probably turn to lower risk instruments.

Even if it is said that high profits are usually brought by investments with higher risks, you should know that there are enough profitable options to invest with medium or even low risks, so that, in the long run, you do not end up ruining your life and the health.

IN CONCLUSION, you can reduce the risks of your investments by investing:

– in a diversified portfolio, with investments that you understand

– which is adapted to your risk profile

– long-term and very long-term

– investing regularly, amounts with which you are comfortable.

This way you will be able to build an investment plan to help you get good profits, in conditions of limited risks.

How to invest: 5 basic tips for beginner investors in stocks

Investments for beginners

The development of technology has increasingly paved the way for ordinary people to global financial markets. But easy access for individual investors to international markets comes with the need to be educated about them and to understand the risks they take.

1. Do your homework

Once you have decided on which platform you want to invest, you have to do your homework. Investing means more than choosing a few random shares, with the hope that everything will go well on its own. A familiar example would be that when you buy a house you do not choose one at random from advertisements, but you will go to visit it. And to determine if it has a fair price, you look at the neighborhood, the real estate market in general and then you make a decision.

Similarly, before you start investing in stocks or any other asset class, you need to research the market to understand what you are investing in. Read about each asset and invest only when you feel comfortable that you can make a well-informed decision.

Thanks to the internet, nowadays it is easy to access information about listed companies. You can see what their income and history are, you can read their news and recommendations for investors. Sector or market information or even political news is also important – for example, we can now see how airlines, even the best performing ones, are affected by Covid-19 travel restrictions or how incentive packages economically affects markets. Being up to date with things that happen in the media helps you better understand the evolutions of stocks and trends in the markets.

2. Define your financial goals

Before you invest your money, you need to have a clear idea of what you want to achieve and how you will do it. You need to understand your personal goals as an investor. Do you plan to invest in the long term (10 years for example) or in the short term? What types of investments will help you achieve your goals? What are you ready to risk?

Investors should be encouraged to define an investment strategy that suits their needs, including their risk attitude. To mitigate risk, they should diversify their portfolio, adopt a long-term attitude and invest only in financial instruments with which they are familiar and for which they understand the risks they take.

3. Invest the money you don’t need in the next five years

Risk appetite should always be linked to investment objectives. Evaluate your current financial situation to understand if you can take the risk and always invest with money you will not need in the next five years. Never invest more than you can afford to lose!
You need to have a long enough time horizon for the investments you make to avoid market fluctuations. If you have an amount at your disposal, but you know that you will need this capital in the next 12 months, then the recommendation is to invest in a less volatile asset class, such as bonds.

Over time, stock markets have provided excellent returns to long-term investors. For example, since the establishment of the S&P 500 index (stock index composed of the top 500 American companies) in 1926, it has increased by an average of 10% annually. This is a much higher return than those generated by other assets, such as government bonds. You can also start investing in shares with a relatively small amount of money using a commission-free platform, as commissions can affect your profit margins.

One of the factors that discourages people from investing online is cost. The idea is still widespread that you need a lot of money to start investing. Moreover, equity investments are often perceived as an extremely complex process, involving technical knowledge and attracting expensive commissions. This is no longer the case. A number of online investment platforms, conduct transactions with shares without commissions, as well as fractional shares – you can actually buy a part of a share, a percentage of it, expressed in dollars. This offers the opportunity to invest $ 50 in high-value stocks, such as those of Amazon (which trades at about $ 3,000 per share), Tesla (over $ 700) or Alphabet (Google) – whose shares would cost about $ 2,000 a piece.

4. Practice before you start investing

Start with small amounts of money or practice with a virtual demo account, while learning the markets and defining your strategy.
Demo accounts of several online platforms allow you to practice without risk. Every user who registers receives access to a demo account, credited with virtual money, so that they can practice their strategies, learning to work with the platform before investing with real money.

5. Diversify your portfolio

Diversification is a risk management strategy and the proverb “don’t put all your eggs in one basket” explains the concept very well. In other words, invest in different assets or market shares to limit your exposure to a certain class of assets or financial instruments.
The purpose of diversification is not to achieve very high returns, but to manage risks. Think about what it would have been like if you had invested all your savings in the shares of an airline company just before the pandemic, which made travel difficult. You don’t want to be completely dependent on the performance of a single company or a single sector, maybe even the economy of a single country or continent.

Coinbase International – Buy and sell cryptocurrency. Send money internationally for free

Coinbase International

Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, they offer a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

Coinbase have approximately 43 million verified users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries that easily and securely invest, spend, save, earn, and use crypto.

You can now send money to any user with a Coinbase account around the world using XRP or USDC. By using cryptocurrencies that are optimized for cross-border transmission, you can send and receive money virtually instantly by sending those cryptocurrencies and having the recipient convert them into local currency. There’s zero fee for sending to other Coinbase users and a nominal on-chain network fee for sending outside of Coinbase.

In fact, you can send any cryptocurrency supported by Coinbase to another Coinbase user or to an account outside of Coinbase. XRP and USDC may be better suited for smaller international money transfers due to their faster processing and lower transaction fees. USDC also has the added advantage of being exchangeable for one US dollar, rather than being volatile in price like other cryptocurrencies.

What you’ll need to open a Coinbase account:

– be at least 18 years old
– a government-issued photo ID (they don’t accept passport cards)
– a computer or smartphone connected to the internet
– a phone number connected to your smartphone (they will send SMS text messages)
– the latest version of your browser, or the latest Coinbase App version. If you’re using the Coinbase app, make sure your phone’s operating system is up-to-date.
Coinbase doesn’t charge a fee to create or maintain your Coinbase account.

How to send money internationally with Coinbase?

1. Sign in to your Coinbase account, or create one.
2. Confirm your recipient can convert XRP or USDC into local currency.
3. Convert your desired funds into XRP or USDC. 6
4. Access your XRP or USDC wallet and select send.
5. Enter the amount you’d like to send and the target wallet or email address.

With Coinbase you can create your cryptocurrency portfolio

Coinbase has a variety of features that make it one of the best place to start trading:

– Manage your portfolio: Buy and sell popular digital currencies, keep track of them in the one place.
– Recurring buys: Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
– Vault protection: For added security, store your funds in a vault with time delayed withdrawals.
– Mobile apps: Stay on top of the markets with the Coinbase app for Android or iOS.

HeavyFinance crowdlending platform overview

HeavyFinance

HeavyFinance opened a completely new asset class for retail investors – loans backed by heavy machinery. This is the first crowdlending platform in the world focusing on heavy equipment as collateral to make investments more secure.

HeavyFinance was founded in 2020 by four experts in different fields such as heavy machinery, finance, marketing and project management. Two of the co-founders are serial entrepreneurs who established successful companies like Finbee, Nova rent and Litrental.

HeavyFinance is supervised by The Central Bank of Lithuania under the track of crowdfunding platform operators. The Central Bank of Lithuania is one of the leading central banks in the world taking active monitoring and regulating efforts as well as fostering innovations in the financial sector.

Investing on HeavyFinance is available to anybody over 18 years old, while the company has some geographical restriction for borrowers. HeavyFinance is focusing on issuing loans to entities based and operating in European Union with primary focus on Lithuania, Latvia, Portugal and Bulgaria.

On HeavyFinance people can start investing from 100 Eur.

Loan period usually varies from four months to three years. However, if you want to sell the part of your investment portfolio earlier, you can do it on the secondary market.

How is the risk measured?

First of all, people can choose to invest in loans depending on the risk they are willing to take. Risk levels are indicated by letters A (lower risk), B (medium risk) and C (higher risk). Consequently, while you could earn up to 14% interest rate by investing in C risk level loan, A risk level loan would bring you around 10-12% interest rate depending on the amount you’ll invest.
Talking about the risk assessment in more detail, these are the main criterias HeavyFinance looks at:
● Financial statement for past 2 years;
● Balance sheet;
● Cash flow statement;
● Reputation of business owner;
● Loan-to-value ratio;

As of today, the platform already helped people to invest more than €1M in loans backed by heavy equipment and arable land with 12,14% average return on investment. Furthermore, the platform didn’t have any defaults so far.

Don’t forget: if you register through this link  you get 2% investment bonus as long as the investment is active with HeavyFinance for a 30 day period from the investment date.

For other bonuses visit our Cash-back & Bonuses page.

 

Invest €20 and get an instant 50% return at Iban Wallet

Iban Wallet informed that a new opportunity is available at the platform to all new registered participants.

Every new investor who register through this link at Iban Wallet, use the promo code – GET10 –  and invest minimum 20 EUR, will get a 10 EUR cashback bonus on their Iban Account after the  investment deposit!

Rules

‣ Minimum deposit of €20
‣ One-time only usage
‣ The deposited amount should remain in the Iban Account for at least 30 days
‣ Available for Iban Account
‣ Available only for first deposit
‣ Applicable for accounts in EUR, USD
‣ Bonus assigned for upon investment confirmation

When is the bonus paid?

Bonus will be attributed as soon as your deposit is confirmed on your Iban account. It can be instantly for deposits made with debit/credit card, or take up to 3-business days for bank transfers.

Where should you enter this code?

Make sure to insert the code GET10 when topping up your account. When selecting the amount to deposit, you should see a field “Promo code” right below.

Campaign is valid until 31.10.2020.

For other bonuses visit our Cash-back & Bonuses page.

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