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)2 -
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.2 -
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.2 -
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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I'm getting fed up with constantly having to transfer money between different wallets! I don't want to set up a savings plan; I want to continue investing the way I did before this blasted update. And I'd like to be able to transfer the portfolio balance from my Core Loans to my total available balance, because I don't want to automatically invest anything in loans right now, and that way the money would just be sitting there uselessly. I'm not just annoyed about these changes from the update anymore, I'm downright pissed off!
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I have a Suggestion for Mintos Management. For the good of the Plattform please call the guy who had the idea for the latest Update and fire his ass immediately before he does more damage!
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I don't like this update any more than anyone else on here.
However I think it would be great if someone from Mintos could comment.0 -
Dear Investors,
Thank you for taking the time to share your feedback on the recent changes. We’ve carefully reviewed all your comments and understand that some of the new functionalities may feel less intuitive than expected, and that certain features, like keep available, have been discontinued.As Mintos continues to evolve into a multi-asset platform, we’ve redesigned how funds move across different portfolios. One of the key changes was the removal of the “keep available” feature. This decision was made to address a common challenge many investors faced when using Mintos portfolios alongside other asset classes, such as bonds or ETFs.
Previously, when loan portfolios were active, available cash was automatically allocated to loans. To invest in other asset classes, investors needed to manually reserve cash using keep available. However, many investors, particularly those newer to the platform, were not aware of this feature or how to use it, which often led to deposited cash being automatically allocated when they wanted to diversify with other asset classes.
With the updated portfolio setup, our goal is to give you more transparent and direct control over how you allocate your cash. You can now define investment plans and schedule recurring top ups across Core Loans, Custom Loans, High-Yield Bonds portfolio, and ETF portfolio, making staying on top of your investments more convenient and straightforward.
We’re continuing to gather feedback on these changes and will keep improving the overall experience.
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Thank you for commenting, Lucja.
Is my understanding correct? The "keep available" feature was removed, because many investors, particularly those newer to the platform, were not aware of this feature?I'm not sure that is a reason for removing the feature altogether. If some people were not using the feature, Mintos decided to remove it for everyone, including those people that were using it? Interesting logic.
Now, according to the most recent changes, funds paid out remain within the same asset class. That I understand. However I do not understand why an investor who has multiple loan portfolios must maintain funds und returns allocated to individual portfolios, rather than a cash wallet that may be distributed over multiple loan portfolios (as was before). Maybe you overshot the mark on this one by introducing not just separate cash wallets for each class (which I would understand), but separate cash wallets for each portfolio within an asset class.
Maybe you can adjust at that level. It would be greatly appreciated.
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Hi Lucja, thanks for stepping in.
So the main problem was people waning to invest in bonds, added money to the platorm and that money went to the loans before they could manually alocate it to bonds.
This means those people had to set up a loans portfolio before, they could modify the max invest on the loans so the money didint go there as well as using the keep viable.
The solution is extreme and inconvinient for lots of regular users, old ones that by logic have more funds on the platform as you keep adding founds on a monthly basis nobody on their right mind will add mor ehtam 10k in a platform they dont understand.
So, why not make the money you deposit stay as keep aviable by default? you didnt have to remove nothing, or add 50 new shiny buttons to top up (God i hate the sound of it, feels like a gambling site or f2p game), and then say its a better way to manage the cash, when its not.
Taking options away from the client is never a good idea, this problem required another ind of solution not a full overhaul of hte system.
Just so the team knows, im looking to other platforms since this update and the inclusion of crypto. I want to invest not gamble. i dont want to login everyday to keep an efficient flow of money. Mintos WAS easy, for years only thing i did was add money to my balance and check a few times a month the limit and custom strategies.
Having the "Portfolio cash" hurts the growth of the money, now combined my "wallets" will have enough for a new Note, but as they are separated the cash stays there, with an average of up to 5 days to reach the minimum to invest in some of them. Why not having a loans wallet at least?
The least you can do is let people have the choice. Also why is so had to get here from the mintos page once logged in? The community is more hidden than a dealer in my country.0
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