A Conversation with Erik, Lendermarket Investor
Welcome to our “Lendermarket Stars” blog series! Here, we share inspiring conversations with real investors, passionate members of the Lendermarket team, and industry enthusiasts who are shaping the future of investing. Today, we’re excited to introduce Erik, an experienced investor from Spain. Erik is currently focused on making investing a key part of his overall income strategy. Join us as we dive into Erik’s approach to investing, his goals, and what he would do differently if he could start his journey all over again!
Erik, could you tell us a little about yourself?
Good morning! Well, I’m very excited, honestly, thank you very much for the congratulations. What can I say about myself…I am an investor from the north of Spain, and I’ve been investing for a few years in various types of platforms.Initially, many years ago, I used to invest in commond funds, index funds, things that are much more common, and over time I started discovering other types of investments, including crowdlending and cryptocurrency investment as well. That’s a bit of my background up until today.
What motivated you to invest, and what are your goals today?
Well, at first, what motivated me to invest was to make that money I had saved, that I had in a deposit, grow through interest. Since banks don’t offer really interesting rates. At the beginning, what motivated me was to ensure that my money didn’t lose value and could maintain its real value in the market. Over time, this has evolved, and today what motivates me the most is for these investments to play an increasingly important role in my total income.
Have you achieved any specific goals along the way? Have they evolved over time?
Yes, I have achieved the goal of having a monthly amount of passive income from these investments, and my long-term goal is for these investments to increasingly form a fundamental part of my total income.
What practices or strategies do you use to maximise your investment returns?
Basically, I tend to use the strategy of diversification. Diversifying into several types of investments at the same time: real estate markets, index markets, and increasingly the crowdlending market, because of the mix it offers me in terms of security, flexibility, and performance.
So, this investment model is taking up an increasingly larger portion of my portfolio. And that’s essentially my strategy.
If you could start over, would you do things differently as an investor?
If I could start over… Of course, with the knowledge I have now of the platforms that exist and the types of investments available, I would invest much more in those platforms that offer a higher return, also providing security. Perhaps I would have invested less in those initial investments I made, which, although safe, didn’t offer a high return, and therefore the compound interest generated was much lower. Today, I would have maximised my income and profits.
What made you choose Lendermarket? What stood out to you?
About three years ago, when I started with crowdlending, as soon as I got to know Lendermarket, it offered me an interest rate higher than other platforms. The security it provided me, based on the time it had been in the market and how secure it is, the Buyback feature that Lendermarket provides, gave me peace of mind.
Another attractive factor was that when there might be borrowers who are overdue, during that time, very good interest is still being generated. The mix of security it provides me, the peace of mind, and the profits made me choose this platform more and more. Also, the automation of the investment tools, which are extremely convenient, reliable, and adaptable to what you want, allowing you to select the loans that are interesting for you in a secure, fast, and completely comfortable and profitable way.
What advice would you give to someone just starting to invest in P2P loans?
My advice would be to diversify as well. Even though it’s a very safe type of investment, platforms like Lendermarket, which have Buyback, and management tools, should be diversified. And, if possible, they should choose automation tools that companies like Lendermarket provide to carry out these tasks automatically and efficiently.
When your friends and family ask you about Lendermarket, how do you explain what Lendermarket is?
What I explain to them first of all is that it’s a solid company, it’s secure. I explain my personal experience based on the time I’ve been using it, and how it has always responded well in all kinds of situations. In a pragmatic way, I explain that it has systems to guarantee your investments, that it has experience in this field, and the ease of use of its tools. It’s highly profitable, and you don’t need to have a complete understanding of everything this world entails, as it does the diversification for you, which I consider essential, automatically across many different loan originators.
You can dedicate as much money as you want to each loan, €100 or whatever you decide, and it all runs automatically, reinvesting whenever there is free capital. It frees you from the work, and above all, for people who don’t know the platform, I emphasise the time it has been operating, the security, and the peace of mind it has provided me when investing.
Invest today with Lendermarket!
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