Latest update
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I read the blog post 3 times to understand what the fuck is this update.
What the hell is this?
It's overhelming difficult to understand!
It's the anti thesis of simplicity at this stage, it just add a layer of complexity.
You have a global cash position for deposit and manual investissements, under this global one, you have one wallet for each automated portefolio, they are separated and money doesn't comunicate with each and oneanother. you have to setup strategie to send money from the global wallet to a specific wallet.
( Tbh i don't understand very well yet)1 -
Yeah i never though of using this forum until now. I wat the change back, it makes no sense at all.
Now you dont "get" the interest directly they automaticlly reinvest, making it so you cant set 5k in a small risk and 2k in big rist, becuase that money will grow and reinvest on the same strategy.This hurts diversification of portfolios, as now the money will not change where its going until you manually change it.
The hardest part for me is removing the keep aviable. It was a way of doing manual investment easier and find good oportonities in the secondary market, or even looking to retire a small amount to help in a bad month. How will you now get to retire 500€ this month? prev you put the keep aviable and then retire. Now i have to sell the investment on secondary market?
Why remove the feature that made mintos so easy to use, you set an investment goal and thats what you invest, now we got the top upp shit that clearly comes from outside. Along with the crypto shit they were talking about that nobody with two neurons will think of as a good investment strategy.
Mintos showed the overperformance of the model during 2020, even with the Rusia entities problem i kept the money invested and didint doubt the objective of the platform. now they sound like a wanabe evrything investing. This is not the way, i dont like how etfs or autobonds work either, we need to get vocal so they revert this change that helps no one.1 -
This update removes all the benefits that mintos had. Ease of use, availability of funds and keeping track of cash. The way I understand it, I will have separate cash for each portfolio. If I want the money to be automatically reinvested, it must accumulate 50 euros in one portfolio, rather than 50 euros total. This means that there will be more money waiting around to be re-invested, which is precisely what I do not want. It also means that I will have to shift funds around all the time, and it is very difficult to maintain an overall view of what is going on.
Previously I had 3 automated portfolios with an order of preference, and with different targets amounts. Mintos would then automatically assign case to individual loans in each automated portfolio. That's what we pay portfolio fees for. Now I have to do all this manually. What are the fees for then?
Dear mintos management, please please please turn back this update. There is no way that you can attract new investors with this needlessly complicated system, and you are driving existing investors like me away.
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Why simplify if we can complicate 🧐?
Mintos had everything going for them, it was simple to invest.
Whoever wanted to go more for the nitty gritty they could, whoever wanted to rely on the algorithms they also could.
Now… now it is just complicated 🤪
I hope that Mintos team can realise that this new update is just the wrong way to do it and return to previous simple model. Or, at least, make it also an option in this new complex system.1 -
I don't like the new update. Bring the old version and functions back. It was fine and simple. Why do you have to change something that is working?
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The new update is a nightmare !
What I found as a regression :- No money flow into several wallet so money sleep longer time before reaching 50€ min an reinvest. Worst, money from main portfolio is never reinvested.
- To withdraw money now you have to browse all wallet withdraw to main and then to bank acount
- To invest form loan to bond or manual invest for example you have to pause custom strategy more than 20 for me, wait and then transfert and then invest in bond and then resume strategy where before you just have to increase keep available
I have ask the support they said we can set an automated flow from main to other waller but in my case I need a frequency several time a days where the minimal is once a week !
So everything that used to take one click now take at least from x4 to x50 more click for myself!
Please revert or improve this feature that is not finished yet !1 -
I do not like this new way to manage the cash at all!
It is complicated and I'm obliged to manage the cash manually while previously the only thing I need to do was to set my keep available threshold and periodically login and decide if reinvest the money or withdrow.
Please simplify or rollback the change. you can keep it as an optional choice giving back the keep available feature.
Thanks!
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