By a popular demand we will share secondary market statistics on a monthly basis. Secondary market is a a convenient way to invest even large amounts of money and build loan portfolio fast.
The increased activity in the secondary market observed since September 2021 (monthly average turnover – 83.976 Eur) seems to have disappeared. The trading volume was 31% lower in April than in March. The secondary market turnover totalled to 50.807 Eur.
Secondary market fun facts
Two deals with a 99% discount were completed in April. Loans were 705 and 811 days overdue at the time of the transaction. Bailiffs have made a recovery from one of these borrowers in April 2021, so if the situation happens again, the investment will be successful for the buyer.
3% premium for a loan overdue by 654 days
It is gratifying that investors are relying on Finbee’s recovery and are buying some long overdue loans by paying a premium. Historically, loans have been recovered over five years.
More than 100% profit in 5 days
At the other end of the spectrum is a 50% discount for a current loan. The loan was repaid in full in five days after the transaction. The buyer doubled the money also receiving full monthly interest.
More and more investors are choosing to invest automatically through automatic lending. Passive investing saves you time and allows you to invest in the most popular loans. Instructions for updating your portfolio settings can be found here.