Jean Galea

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The Rivals’ Mistakes are Our Points

Last updated: February 06, 2021Leave a Comment

Let’s start with an obvious statement. Winning a point with a fantastic smash or drop shot will have the same effect on the scoreboard as one of our opponents failing to return a serve and hitting the ball into the net.

In both cases, if it was the start of a game, we would end up 15-0 ahead. As I said, this is very obvious. But take a pause and think about your mindset while playing. Are you really being patient and waiting for the rivals’ mistakes, or trying to win every point in a spectacular fashion.

It took me a long time to change my mindset, and I see many other amateurs making the mistake of trying to win points rather than force their rivals into unforced errors. The statistics don’t lie: the vast majority of points are won through our opponents’ errors rather than our winners. So why are we trying so hard to hit winners?

The answer usually lies in the feelgood factor. Especially if there are people watching, it can be tempting to try to impress and try to hit the ball like our favorite pros’ best shots. We might even manage a few very cool shots every match and feel good about it. But if that is our main focus, chances are we will be walking away from the majority of our padel matches as losers.

Now, some amateur players are happier having played these cool shots than having won the match. In fact, they can’t wait for the after-match beers for their friends to congratulate them on that impossible angled shot or that smash that ended up with the ball sailing out of the club’s perimeter.

As serious amateurs trying to improve our game and win more matches, we need to be aware of this natural tendency and work to change our mentality.

We need to learn to analyse the opponents’ strengths and weaknesses and structure our tactics and choice selection based on that. This is not as easy as it sounds, and indeed I would say that only at an advanced level can players have enough mental bandwidth to even be able to understand what their opponents’ weaknesses and strengths are and be able to play accordingly.

So it’s a long journey towards playing with intelligence and efficiency, but it’s well worth thinking about and discussing with our padel partners before or after matches.

Ultimately, by playing an overwhelming majority of sensible and prudent shots, we will end up making less mistakes than our rivals, and hence their mistakes will become our points, which brings us to the title of this article.

In most padel matches, winning depends more on being able to force our opponents into making mistakes (and thus winning points for our team) rather than hitting spectacular winners.

Filed under: Padel

Beginner’s Guide To Website Flipping: How To Start Investing In Digital Assets

Last updated: May 09, 2023Leave a Comment

investorsclub

I’ve been involved in the web industry for around twenty years, and one thing that’s always fascinated me is the possibility of buying and selling websites. I’ve touched on this in my guide to investing as well. While this has perhaps been the domain of technical people 10+ years ago, in the last few years we’re seeing this type of investment hit the mainstream.

I’ve seen funds operating exclusively in this niche, whereby cash-rich investors would pour money into the fund, and the fund would then have its management team that would work on growing the portfolio of sites and then resell them for a profit, thus providing returns for investors.

The other option is to buy a website directly and either manage it yourself or build a team that can manage it for you. I’m seeing more and more people take the dive. As the web has become more user-friendly, non-technical people have built up the courage to learn the skills needed to manage a website and thus be able to switch industries or else build a profitable side income to supplement their day job.

I’ve written a post on the best places to buy and sell websites but I recently came across the new project of Andrej Ilisin: Investors Club.

So when I heard about his new project that aims to make buying and selling websites a more pleasant and safer experience, I reached out to him to see if he would be willing to share his knowledge on the topic.

So without further ado, here’s Andrej’s guide to website flipping and investing in digital assets. Both myself and Andrej look forward to reading and replying to your comments.

[Read more…]

Filed under: Money

💳 N26 Review: Mobile Banking at the Click of a Button 

Last updated: October 27, 20205 Comments

Contents

  • What is N26?
  • N26 Eligibility
  • How to Open an Account at N26?
  • N26 Plans
  • N26 Features and Benefits
  • Is my Money Safe at N26?
  • N26 Security Features
  • Customer Support at N26
  • N26 Review – The Verdict

n26 review

The challenger banking space has grown to exponential heights in recent years. No longer are you required to visit an outdated banking branch to open an account, nor do you need to submit countless forms. Instead, it’s entirely possible to facilitate most of your everyday banking needs from your mobile phone. 

With that said, the likes of N26 – a German challenger banking app that’s since expanded to multiple European countries and the US – now boasts a customer base that exceeds 3.5 million users. In a nutshell, N26 offers a number of localized bank accounts that allow you to send and receive money – both domestically and internationally. 

On top of fee-free accounts, a fully-fledged MasterCard debit card, and instant transaction notifications sent straight to your phone – the account opening process takes just minutes. 

If you’re keen to find out whether or not the challenger banking app is right for you – be sure to read my in-depth N26 review. We’ll explain the ins and outs of what you need to know – such as how the app works, what it allows you to do, fees, payment methods, regulation, and more. 

[Read more…]

Filed under: Banking, Money

Newsletters I’m Subscribed To

Last updated: September 12, 2023Leave a Comment

Here’s a list of newsletters that I am subscribed to. I save most of the articles I receive into Pocket and then read the best of those during any downtime I have during the day. Apart from these newsletters, I also consume a lot of content through podcasts and through RSS aggregation websites such as Euro Finance Blogs.

General Knowledge

  • Notboring
  • ThoughtCo’s What I Learnt About Today
  • Farnam Street Brain Food
  • The Loop
  • 3-2-1 Thursday
  • 5 Bullet Friday
  • Common Sense with Bari Weiss
  • The Latticework
  • Recomendo

Investments

  • Lyn Alden
  • Real Vision
  • Collaborative Fund
  • CryptoCompare’s Crypto Roundup
  • Spanish Property Insight
  • Bitwise Monthly Newsletter
  • IO Fund

NFTs

  • Medici Minutes
  • Letters from Zeneca
  • The Groundfloor

Crypto

  • Ecoinometrics
  • 30,000 Feet
  • The Node by CoinDesk
  • Metaversal by Bankless
  • BanklessDAO
  • Crypto Economy by Peter Yang
  • The Deep Dive by Bitcoin Magazine
  • Clown World Today

Health & Sport

  • FoundMyFitness
  • Healthline Nutrition
  • Neuro Athletics
  • The Long Game

Parenthood

  • Daily Dad
  • My Baby This Week

Spirituality / Deeper Thinking

  • Sloww
  • Raptitude
  • Motherfucking Monday

WordPress

  • Post Status

Filed under: Thoughts & Experiences

🍓 PeerBerry Review 2026 – The Best Mintos Alternative?

Last updated: January 15, 20262 Comments

Contents

  • ⚙️ How does PeerBerry work?
  • ✍🏻 Registration
  • 👥 What can I invest in?
  • 🕵️ Transparency
  • 🌟 Loyalty Program
  • 💡 Potential Risks
  • Coronavirus Effects
  • 🙋 FAQs
  • Alternatives to PeerBerry
  • 📍 Conclusion

Launched in 2017, PeerBerry has been gaining quite a lot of popularity among peer-to-peer platforms recently. As with many crowdlending platforms, PeerBerry originated in the Baltics – specifically Riga, Latvia.

At the time of this review, the platform has an average annual investment return of 11.51%, a solid return for most platforms. With more than 18,000 investors and over €212 million in funded loans, PeerBerry is certainly making some waves in the peer-to-peer business.

Let’s delve deeper into how PeerBerry operates, its transparency, risks, and returns.

PeerBerry Statistics

⚙️ How does PeerBerry work?

PeerBerry works in a similar way to Mintos, in that, it is a loan aggregator. The platform started out in 2017 with loans originated solely by Aventus Group – a group of digital loan originators with short-term, long-term, and leasing loans across Europe and Asia.

Ever since, PeerBerry has continuously expanded its loan originators network to include others such as Gofingo (another group of loan originators) and their subsidiaries.

In 2019, GofinGo Group saw an increase in issued loans (2.4 times more than 2018) and had a net interest income of €11.06 million. This translated into a total loan portfolio of €6.6 million at the end of 2019, with equity standing at €4.1 million. This is 3 times higher than all the liabilities to investors who invested in Gofingo Group loans through PeerBerry.

Gofingo stats 2019

This increase in loan originators allows for a diverse portfolio. PeerBerry claims to offer a wide variety of loans – short, long, real estate, leasing, and business loans – although, the available investment opportunities at the time of this review were mostly short term, with most maturing at one month. This means that most of the loan originators are operating with payday-style loans.

The platform offers loans from:

  • Lithuania
  • Poland
  • Belarus
  • Czech Republic
  • Kazakhstan
  • the Republic of Moldova
  • Russian, and
  • Ukraine

It is important to note that all of PeerBerry’s loan originators offer a BuyBack guarantee, meaning that the loan originator is obligated to buy back the claim, should the payment be delayed by more than 60 days.

PeerBerry Available Loans

There are currently 12 loan originators in total, and they all publish their financial statement, the majority of which have been audited for extra peace of mind.

✍🏻 Registration

Now let’s take a look at the online interface.

The website is clean, straightforward, easy to use, and comes in three languages:

  • English
  • German
  • Spanish

Registration should take you no longer than a couple of minutes, you just need to fill in a few details and you’re in. Although there is no tedious identification process upfront, the platform requires it eventually, when you decide to withdraw your funds.

You will be asked to scan and upload your identification document (passport or ID card) as part of the platform’s anti-money laundering and terrorism process. Once this is done, you will then have to make a transfer to the bank account from which the deposit was made. Withdrawals can only be done in Euro.

This is the first time I’ve ever come across this sort of set-up. All other P2P platforms require you to verify your identity at the get-go, thus ensuring that the funds used to power their investments are coming from lawful sources.

It is certainly odd that you are only required to verify your identity at the withdrawal stage. As an investor, I want to make sure that I will be able to transfer my funds without any identity issues at a later stage.

Upon contacting the platform, PeerBerry has announced that it is currently working on implementing new identification and KYC processes.

PeerBerry Registration

PeerBerry makes it possible for both private individuals and companies to open accounts. Keep in mind that any investor should be at least 18 years old, with a bank account registered in the European Union.

The next step is to transfer your funds, which can be as little as €10, to PeerBerry’s bank account in order to start investing.

The platform accepts transfers in Euro only using SEPA (Single Euro Payments Area) transfers. This provides further protection for European investors against currency swings.

Processing may take up to 2 working days. PeerBerry then sends you a confirmation e-mail stating that your deposited funds were added to your Investor Account and you are now able to start making investments.

👥 What can I invest in?

PeerBerry offers mostly short-term loans on the consumer marketplace. The platform presents you with an overview of each loan, including the loan originator, amount, interest rate, remaining principal and days remaining for investing in the loan.

Borrower details are also available. These include the borrower’s country, city, age, gender and number of loans taken.

Since most of the loans available mature in around 30 days, they are often considered to be Full Bullet loans. This means that the investor would receive the principal and interest at one go, through one payment, at the end of the investment period, as illustrated in the schedule in the screenshot below.

PeerBerry Short Term Loan

On the other hand, the platform’s long term loans are paid back every month through an Annuity Type Schedule, where the principal and interest are paid back periodically over the investment period. PeerBerry offers a breakdown of the returns for each investment available.

PeerBerry Long Term Loan

Auto Invest

The platform allows investors to make use of their Auto Invest feature which uses the returns in your account to automatically invest in active loans, based on your preferences.

You can activate, pause, or cancel this feature at any time. Simply set up your preferred criteria for investing and you are good to go.

PeerBerry Auto Invest

The possible setting options are listed below:

  • The total amount of funds you wish to reinvest using the Auto Invest strategy.
  • The maximum amount of investment in one loan.
  • The annual interest rate.
  • The remaining loan term.
  • The remaining principal amount.
  • The minimum amount of funds you wish to retain in your account.
  • The loan status (Current or late).
  • The country of issue.
  • The loan originator.
  • BuyBack guarantee.

Interestingly, even though PeerBerry states that all its investments come with BuyBack guarantee, their Auto Invest asks whether you prefer a BuyBack guarantee or not. This seems to suggest that the platform has plans to include investments without BuyBack in the future.

Auto Invest is great for those of you who do not wish to spend time keeping up with all the available investment opportunities on the website, while still achieving a diverse portfolio.

🕵️ Transparency

The About page, shows a team of four, including Arunas Lekavicius, the platform’s CEO, who has been working in the financial industry since 2007.

PeerBerry Staff

The profiles are accompanied by working LinkedIn profiles, however, no further information is found on the platform’s website. It is strange that the rest of the team is not shown here, especially with respect to the CTO, Marketing Managers, and Lawyer.

On reaching out to the platform, PeerBerry has clarified that the team is made up of a total of 9 employees:

  • Arūnas Lekavičius, CEO PeerBerry
  • Viktar Kamiahin, CTO
  • Inga Zubanovė, COO
  • Rūta Zenkevičienė, Head of Customer Care
  • Rita Simanavičiūtė, Head of Marketing and Communications
  • Karolina Staugaitė, Digital Marketing Manager
  • Rasa Paškevičiūtė, Customer Care Manager
  • Milda Martišiutė, Customer Care Manager, and
  • Tadas Bulota, Lawyer

The team was quick to answer any of my queries in detail and in record time, which reflects positively on the entire company. The website has an online chat function for any customer queries. Should you have a number of questions, you will most likely be instructed to send an email to [email protected].

🌟 Loyalty Program

PeerBerry offers a loyalty program to investors who have been members for more than 90 days. The program is based on the amount of money you have invested and comes in 3 levels:

  • Silver: for an active investment portfolio above €10,000 you will get 0.5% on future investments.
  • Gold: for an active investment portfolio above €25,000 you will get 0.75% on future investments.
  • Platinum: for an active investment portfolio above €40,000 you will get 1% on future investments.

This means that if you are a member of the Silver Program, for instance, and invest in a loan that provides an 11% return, you will automatically be upped to 11.5%.

PeerBerry Loyalty Program

💡 Potential Risks

One of the main risks with any peer-to-peer platform is Loan Originator default. PeerBerry offers an additional guarantee, further to the BuyBack guarantee mentioned above, specifically for such potential cases.

The platform stated that their main partner, Aventus Group, has signed an additional guarantee agreement. This means that in case of loan originator default, Aventus Group and Gofingo will “do everything … to protect your investments, maintain transparency and good reputation of all partners – loan originators”, as A. Lekavičius explains on their blog.

80% of total loans on the platform are accounted for by Aventus Group, with Gofingo following at 15% and Lithome at 5%.

It is important to note that in 2019, Aventus Group posted a net profit of €12.6 million, whereas their equity stood at €14.3 million. These figures suggest that the company would be able to cover any liabilities, should they come up. A comprehensive article with Aventus Group CFO comments can be found here.

Coronavirus Effects

All P2P platforms have been affected by COVID-19, and PeerBerry are no exception. The positive side, however, is that they have maintained a good level of communication with their investors.

🙋 FAQs

Who can invest in PeerBerry?

Investors must be 18 years old and over, with a European bank account. Both private individuals and companies can join the platform.

Who are the loan originators?

PeerBerry provides a comprehensive list of loan originators, together with a description of each originator. You can view the whole list here.

Does PeerBerry have a Secondary Market?

No, PeerBerry does not have a secondary market at the moment.

Do I get the same interest on overdue loans?

Late or overdue loans generate the same interest per annum as current or active loans. They cover the delayed period, until the borrower makes a repayment or until the loan originator buys back the investment.

Do I pay taxes on my returns?

Taxes are not deducted by the platform on investments made by private individuals. It is the investor’s responsibility to pay the taxes on any income made through the platform. Taxation is based on the legislation of your respective country of residence.

Can I cancel my investments?

PeerBerry does not offer this option at the moment. They are, however, working on implementing this functionality on long term loans in the near future.

Will I be notified of any new investments?

PeerBerry sends out newsletters to whoever signs up to the service. They include monthly reviews, as well as alerts for any new investment opportunities and new loan originators.

Alternatives to PeerBerry

At the moment, the most popular alternatives to PeerBerry are Swaper and Income Marketplace. Have a look at those platforms if you want to diversify your funds across multiple sites.

📍 Conclusion

PeerBerry offers a multitude of investment opportunities, specifically with respect to short term and long term loans. The platform has been continuously expanding its loan originator network, which I believe is a step in the right direction.

As with many peer-to-peer platforms, PeerBerry offers an Auto Invest function and a BuyBack guarantee. Unfortunately, however, no secondary market is available yet.

The platform presents you with daily/weekly summaries of your transactions, as well as the ability to generate tax statements. This is a great tool to facilitate the monitoring of your investments. Keep an eye out for their blog for any important and new information they may publish.

Join PeerBerry

Filed under: Money, P2P Lending

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Jean Galea

Investor | Dad | Global Citizen | Athlete

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