Because no investor story is the same, we’ve decided to share some unique experiences of investors on Mintos.
This time, we bring you the experience of Luis, a tennis player and airline pilot living in Madrid, who shared how he’s using Mintos to build wealth.
Luis, how old were you when you started investing?
My investing journey actually began quite early on in life, when I was 18. I started with modest investments, and I had my fair share of ups and downs. However, those experiences taught me valuable lessons about risk management, patience, and the importance of thorough research.
What resources did you use to learn more about investing?
Initially, I started with books written for beginner investors, hoping to grasp the core concepts. I also turned to reputable online platforms and websites that offered educational content, such as articles, tutorials, and videos.
These resources helped me gain a basic understanding of investing principles and exposed me to different investment strategies. Additionally, I found value in joining investment forums and communities, where I could engage in discussions with other investors and learn from their experiences. It’s been a journey of continuous learning.
What prompted you to start with Mintos?
The returns Mintos offers are out of the ordinary. I was used to frantically buying and selling shares. Then, I learned of the existence of P2P lending and Mintos from a friend. He invited me to read some Mintos reviews and to try it out. The high returns gave me the initial push, but then later I realized there were more advantages to it.
Now I rely totally on automatic investment strategies and no longer invest manually. I find hands-free investing ideal on Mintos. Every month I log on to the site and make sure I don’t have any money uninvested, and 9 times out of 10 I don’t have to do anything.
How do you approach risk?
Addressing risk in investments is a vital part of my strategy. Before making any decisions, I conduct thorough research to understand the potential risks associated with each investment. Additionally, I believe in the importance of diversifying my portfolio by investing in a variety of sectors and assets. This approach helps to reduce overall risk by not putting all my eggs in one basket.
What are the main factors you consider when evaluating a potential investment?
I take into account several key factors:
- The financial strength and stability of the company or asset in question.
- The financial fundamentals, such as revenue trends, profit margins, and debt levels.
- The quality of the management team and their experience in the industry.
- The market trends, potential risks, and growth opportunities in the specific sector.
- The risk-reward ratio, assessing the potential growth of the investment against the associated risks.
Are you an active or passive investor?
I balance between active decision-making and incorporating passive investment vehicles, such as index funds or ETFs, to gain exposure to broader market trends. On Mintos, I am a very passive investor and I take advantage of all the benefits of not having to manage everything. Ultimately, my goal is to leverage the advantages of both approaches to optimize my portfolio’s performance.
The investment landscape is ever-evolving, influenced by changing market conditions, technological advancements, and global events. It’s essential to stay open-minded and be willing to adjust my investment strategy as needed.
Any last tips for investors?
Patience is key. Remaining calm during fluctuations and avoiding impulsive decisions based on the emotions of the moment is important. In addition, patience allows us to take a long-term approach, allowing investments to mature and grow over time.
