How does that work
Fastinvest provides euro loans in two countries: Spain and Denmark (for Poland and UK you need to change currency). The annuity amounted to 15% for Spain and 13.5% for Denmark. The percentages are very good and the loans abundant. It is a young platform but has a lot to say even if it still lacks transparency on the credit agencies that groups. Not showing them in fact does not allow us to correctly assess the risk.
On Fastinvest There are 3 automatic portfolios with different degrees of risk
Fastinvest does not provide a secondary market.
The loans on Fastinvest are all protected by a repurchase guarantee (or buyback).
- Guarantee of repurchase of expired loans? Yes
What I Like
- Guarantee of repurchase and default in case of delays over 3 days
- High interest, around 14%
- You can also invest large sums because there is a great deal of availability
What I don’t like
- Very little transparency on the data
- Little chance of differentiating
Conclusions (my opinion)
I used to like Fastinvest, but after Kuetzal and Envestio cases I moved out great part of the money because the lack of transparency became a deal breaker for me. Also the buyback structure is dangerous if a lot of people asks for their capital back at once. If they will improve the information disclosure in the future I’ll move some money back in, but for now I’ll keep less than 5% of my portfolio in it.