Auto-Invest Service with Grupeer is Improved
One of the major drawbacks when investing with Grupeer was the auto-invest service. It had very few settings, which made it nearly impossible to know what loans you invested in. It was basically an “All-or-Nothing” portfolio.
As Grupeer’s loan often are fully invested very quickly, manual investing was equally troublesome.
With the new auto-invest service, this has now changed.
The New Settings
Grupeer offers a new auto-invest service that includes the following features:
- Create several portfolios with an auto-invest service (up to 10).
- Prioritize the portfolios. The priority will decide which investment strategy will work first, second, etc.
- You can now filter by rate, term, loan type, country, partner, and payment schedule type.
- You can also set an expiration date and limit for each strategy, plus maximal amount for each loan.
The new settings bring Grupeer closer to many of its competitors. Some minor flaws with mandatory settings of minimum and maximum interest rate. You must also set the loan term and an expiry date of your strategy.
If you are considering Grupeer as one of your investment platforms, the auto-invest service is more or less a must. Loans at Grupeer are quickly sold out, which makes it hard to create diversity without the auto-invest service.
What is an Auto-Invest Service?
An auto-invest feature does all your investments based on the criteria you set up. There is no need to manually pick your investment objects. The system takes care of that on a day-to-day basis.
One benefit is that you can invest in loans that are quickly sold out, which is harder to do when you pick your loans manually. You can have separate portfolios, each with different investment criteria, which helps create diversity to your investments.
Another benefit is that you can re-invest repayments and interest in new loans as soon as the money is available on your account.
If you want to use auto-invest, make sure you set all criteria exactly as you want them. Once the strategy is active, money on your account can quickly be invested in different loans.