Monthly Archives: December 2018

Digital? An advantage for everyone, even for your investments

Traditional bank vs. digital bank: who will win it?

The traditional banking model , as we know it, provides a physical place that is both a point for the collection of savings and for the exercise of credit. The bank itself has always been organized around branches and agencies: technology, incentive systems, customer knowledge, everything revolves around these physical places.
The challenge of the modern bank is precisely to go beyond the physical place and allow, on the one hand, to save through deposits and online investments, and on the other, to be able to get money without necessarily having to go through a physical agency. All thanks to the revolution made possible by digital, which allowed to focus on online platforms and data as a core element, making the agencies useless and obsolete.


Between the two litigants the third enjoys: the loan between individuals as an alternative model, with 100% digital soul and great importance to the human and ethical factor

Starting from the traditional bank and modern banking model, private loans want to go a step further . The challenge of social lending is to allow all this through a 100% digital and paperless user experience , with the advantage of knowing where the money invested for investors ends up: while in the bank there is little clarity and transparency about what is done investor money, in the case of loans between people, we know exactly where the money ends, that is to finance the needs and projects of life of other people, in a model in which the human and ethical factor assume a greater importance (the whole, between the other, through a process of evaluation of loan applications and very strict creditworthiness : in we accept 35% of the personal loan requests and here you can investigate the variables that affect the evaluation of a good or bad payer).

Yes, peer to peer lending is a valid alternative to classic financial services, to allow investments and loans between people in a 100% online process: all our activities on, from the investment process to that of requesting a loan, going through the assessment of the creditworthiness of an applicant and any further need through our customer care, are carried out totally and strictly online.

“Online” is therefore our key word: we have a soul, a character, an internal organization and an operation that are 100% digital and online, with a computer or a smartphone as unique and only access channels to our services.


Online Marketplace: where transparency makes the difference!

We carry out an activity in which we believe a lot of times and have told you about how much we consider the business model of the loan more efficient and sustainable between that of traditional banks and financial institutions. In fact, the main reason is simple: doing all our activities completely online and without the help of physical branches, we guarantee a “better way to make a bank” because it is a “model without the bank” and its bureaucracy, lengths and costs that essentially affect customers.


Online registration: where speed matters!

In order to access our services and start investing or requesting a loan, an online registration is required: by connecting to both from desktop and mobile (in a responsive version also optimized for use by mobile devices) and selecting or investments or loans will be redirected to the respective registration form and will take no more than 8 minutes to register , including uploading documents thus avoiding printing and sending paper documents. Any further analysis necessary after this phase always passes through the digital channels: Carlo may need to make some checks, in which case we ask customers for an appointment via Skype or Hangout.


Online pricing: certainty and immediacy of the installment to the applicant

A peculiarity that we have in and made possible thanks to the advantages and speed of digital, is to make a first and “light” interrogation of the CRIF database . By querying a smaller amount of data, in a few seconds we can tell the customer what the interest rate and the installment that will pay each month will be. This call to CRIF more “light” (in the sense that only later we will ask CRIF all the necessary data) has the double advantage of being together quickly and quickly return a certain and definitive installment, but also that of not having any impact on the creditworthiness of the client (which happens at the loan request, with the classic call and full query of the CRIF database).


Digital signature online: for a completely and strictly digital funnel

Even the signing of the contract has been totally dematerialized and released from paper and folders , thanks to the collaboration and security standards guaranteed by Infocert .
First in Italy in the field of loans between individuals, we have implemented digital signature of contracts for investors and applicants : to sign the contract it is not necessary to print anything or go to the post office for sending, but you receive a code via sms (using the mobile phone as a validation tool to further proof of our tech character) that must be inserted in a special field as personal signature to sign the contract.


Online match engine: diversify to minimize risk

Moreover, having a 100% online process means being able to serve many investors and loan applicants at the same time (without time limits or interminable queues in the branch) that are very quickly accessed through a “match engine” , without having to wait for the availability of a branch operator and subsequent negotiations and delays.
This match engine match also follows very precise risk management rules, among which one of the main ones is to maximize the diversification of investments . This can be achieved by adhering to the yield guarantee, which provides the protection of a highly diversified guarantee piggy bank, or by spreading the investment between several loans to reduce the risk in case there are insolvent applicants.


How to choose a convenient loan: 4 tips to clarify ideas in a world that is not transparent

“Affordable loan: what and why”, “Who would you advise me to contact?”, “And if you do not want insurance?”

Convenient loan but with TAN and TAEG, what a mess


After 14 years in banks, banking groups and similar you automatically become the trusted advisor of relatives and friends who ask you for the most disparate financial issues . One of the most complicated questions that can happen is to understand if a loan is cheaper than another .


With its constant installment, the loan has a simple and soothing aspect that leaves nothing of the underlying complexity.


Just do a search in Google to come across lists of 3 (or 5, or 6) tips on how to choose loans with questionable content, such as advice to increase the loan term to make it more sustainable. As we will see the various criteria for comparing a loan is not simple, but longer durations are much more expensive for the consumer and must be considered carefully.


For some years now the parliaments of the European countries have approved uniform rules on the information to be provided for the choice of a loan. It is mandatory to always show three indices for the comparison:

  • the annual net rate (TAN)
  • the annual effective annual rate (APR)
  • the total amount due.

At this point, the classic article like “5 reasons on how to choose a loan” says that all the criteria are important but the APR is the best because it takes into account all the components of expenditure.


Instead, we go against the mainstream and say first of all that a rule that imposes 3 criteria of choice for consumers does not interest them but only increases the confusion. Anyone who has thought the names of the indicators should do a communication course.


As for the three criteria, one is superfluous, one is misleading and only one is really useful. And it’s not the APR.

Obviously, this is our opinion and we recommend that you compare several before deciding.

Keeping in mind that everyone who writes on internet loans has some kind of interest, as we do, we manage a private loan marketplace .


Before going into the details of what you need to look at to evaluate their convenience, we must make a brief introduction on how a loan works . A bit ‘to clarify the following concepts and a little’ to make Google happy, which is a piece of blog as a traditional publisher to a book: gives you advice that is best to follow, if you want someone to read.

For readers who already know what a loan is or do not want to go into details, we recommend simply skipping the paragraph.


Cheap loan? First we’ll clear up how a loan works

All loans offered on the Italian market are at a fixed annual nominal rate and constant monthly payment . This means that every month repay the same sum, the monthly payment, which is made up of

  • interest calculated according to a fixed percentage (nominal annual rate)
  • repayment of the financed capital.

As the capital falls a little bit each month, the interest payable falls accordingly. The constant installment therefore hides interest that continuously falls and the return of the ever-increasing capital . It’s the magic of constant or French depreciation plan.


For example, we take a loan of € 4900 + € 100 of commissions and an interest rate of 6% per annum (or 0.5% month which is the same thing). The commissions are financed together with the loan and the duration is 3 years.

The customer’s installment is € 152.11 (and here it is worth trusting that the calculation of the installment is too complicated to explain it in this space!).

The first installment will consist of € 25 of interest (0.5% x € 5,000) + € 127.11 of capital and at the end of the first month the customer will still have to return € 4,872.89 (ie the initial € 5,000 minus 127, € 11 which returned in the first installment).

The second installment will consist of € 24.36 in interest (less than before, because the capital is less) + € 127.75 in capital, and so on for subsequent installments.


The elements that impact on the installment of each loan are therefore:

  • the financed capital (the sum borrowed)
  • duration
  • the nominal annual rate

End? Unfortunately no, there is another element to keep in mind, l and other expenses and commissions to be paid.

And this is what makes comparing the various loans difficult.


Convenient Loan = Lower Installment?

The first thing we all look at in a loan is the installment , which is how much the loan will cost each month. That’s right, because the first question to ask is whether a loan is sustainable compared to monthly income . If it is not, the best way to lighten the weight is to increase the duration, which allows you to lower the installment.

Looking only at the installment, however, is not sufficient to judge the convenience of a loan or to compare different loans to each other.

First of all, the installment does not necessarily include all the commissions : for example, some operators charge an initial commission separate from the installment, while others (almost all in truth) add some expenses to each installment, such as collection.

Even in loans which the installment includes all the expenses, there is however a problem: as the loan lasts, it is true that the installment is always smaller and more sustainable, but the overall cost increases : how is it? logical, if I borrow money for more time, I pay more interest.

Increasing the duration to improve sustainability therefore has a cost and evaluating a loan only on the basis of the installment does not give a real idea of ​​the expense.


We take back the loan of the previous example and try to lower the installment. Extending the term to 5 years the installment would fall to € 96.66. A big difference in terms of sustainability.

However, we look at the sum of all the installments, that is, how much you pay in total the loan. With a 3-year term, the expense would have been € 152.11 x 36 = € 5.476, which would become € 96.66 x 60 = € 5.800 at 5 years. A difference of € 323 that can be perfectly logical to accept in the face of the reduction in installment, but that certainly is not obvious looking only at this.

How then to understand if a loan is convenient and to compare it with others??s??


The superfluous, the misleading, the useful

Let’s go back to the indicators required by the legislation: TAN, TAEG, total amount due.


The TAN is the percentage rate at which the loan is made (in the case of private loans it is the rate that our investors receive each month). It would be sufficient to look at it if the loans had no other cost beyond the interest rate; however, since all loans have some kind of expense or commission, it does not say anything by itself. It’s useless and we can forget it.


The TAEG instead corrects the defect of the TAN because it is the rate that includes all ancillary costs and is sophisticated enough to “weigh them” differently depending on when they are paid. Noble intent. However, in most cases these costs take place at the beginning of the loan and in the calculation of the APR they are spread over the entire duration. This means that as the duration increases, the APR falls, giving the illusion of a cheaper loan. But as we had already seen in the case of the installment, it is not so. On the contrary, as the duration increases , the interest to be paid and therefore the expenditure increase . This indicator is not just useless, it’s just misleading.


The total amount due on the other hand does not have any of these defects . As the name suggests, it includes all the sums that must be returned for interest, principal repayment or other payments. Compared to the APR it has the defect of not weighing the temporal structure of the flows, it does not make differences based on when a certain sum is paid.

It is therefore a raw indicator, compared to the APR is a little ‘the criterion of the farmer with big shoes and a fine brain. Brain up because seeing that it includes all expenses provides an exact and very concrete metric of exactly how much a loan will cost.

The purists will object that not considering the temporal structure of the flows is serious, but since the loans tend to have similar structures and that any comparison is made difficult by the lack of a discount rate to us this seems a minor flaw.


To better understand what we are talking about, let’s take the example we made at the beginning of the article:

  • the TAN is 6%
  • the APR 7.62%, a little higher than the TAN because it also includes the € 100 commission
  • the total amount due 5,476 € = 152,11 € X 36. The loan therefore costs € 576 = € 5,476 – € 4,900


Let’s see what happens if the customer tries to reduce the duration, for example at 24 months:

  • the installment becomes € 221.6
  • the TAN remains equal to 6%
  • the APR rises to 8.29%
  • the total amount is reduced to € 5,318 = € 221.6 X 24 , in line with what the intuition suggests: if the loan lasts less, I pay less interest.

So by recapitulating, as the duration and therefore the cost of the loan decreases, the TAN does not even notice it and remains stationary, the TAEG even rises. As we said, an indicator is superfluous and the other is misleading.


And it is certainly not a case: in the graph below we have drawn the trend of APR and total amount due in the case of our loan-example. As we said, as the duration increases, the APR falls while the total amount goes up .


APR and total expenditure by duration



Another thing that is clear from this graph is the extreme sensitivity of all these indicators with respect to duration . It is therefore a good idea to try and separate the comparison between loans other than the choice of duration. It is better to understand first of all on which duration to orientate and then compare different offers for the same duration .


Transparency where you are

It’s not over. There is also another reason why the total amount due is a better indicator . If I asked you to check if our calculation of the total amount due is correct, multiplication would suffice. Instead, try to calculate the APR without using a special software. It’s impossible.


This element is not irrelevant: we often deal with expenses not considered in the APR but which we want to take into account. A classic example is the expense for the collection of each installment (from € 2 to € 5), or the cost of that insurance policy that we do not feel the need but that we are strongly recommended to take when we sit in the office of a financial. Well, in these cases to recalculate the total amount due just a simple calculator, while to recalculate the APR would serve ” A beautiful mind ” …


The 4 tips to choose the most convenient loan

Finally, we try to distil our conclusions into a simple list of 4 tips to find a convenient loan:

  • look at the installment to understand if the loan is sustainable and the total amount due to understand how much it will cost . Ignore everything else
  • check that all expenses are present in addition to the installment and if not add them by hand . Pay particular attention to the payment of installment fees, the paper statement, insurance policies
  • try to reduce the duration in order to spend less , of course without forgetting to keep it sustainable compared to your income
  • tries to compare the different loan offers for the same duration .


How to save? 10 tips to save money … sharing trust!

Save money . In the short and, above all, in the long term .

In this article we want to give you 10 tips (without presumption of exhaustiveness: indeed add some personal comments) to deal with the difficult historical-economic period in which we live. Some are practical and explain to us how to avoid expenses that we could well do without. Others are suggestions with a minimum common denominator: the desire to trust those around us.

The sharing economy is, above all, an instrument against the crisis. And we are proud to contribute to its growth and diffusion through our model of social lending and secure investments in private loans.


1. How to save: password “sharing”

In the beginning it was hitch-hiking, today it’s called Bla Bla Car . The most famous carpooling site allows you to share a trip and it works like this: those who want to travel by spending little, those who can not afford a Frecciarossa or who has been displaced by a strike of the trains he was not aware of looking for a ride on

It inserts on the site the day and time in which it wants to travel, the place of departure and arrival. Then consult the list of the steps that the registered drivers have published in that section on the date indicated.

The Milan-Bologna route, one of the most beaten, with a regional train would cost about fifteen euros and it would take almost 3 hours. With blablacar you save an average of 5 euros, a half hour travel and more talk and socialize. And you can even choose the level of “chatter” you are predisposed to: bla (“I do not like to chat”), bla bla (“chat according to mood”) or bla bla bla (“I like chatter”).

It is convenient for everyone: car owners, who repay the petrol; to passengers, who save and arrive earlier. It is therefore not surprising that the community has recently reached 35 million members in 22 countries. Every three months travel more than 12 million people using the platform. An army that dwarfed the hitchhikers who held their thumbs confident in the last century.


The first thing in Italy was the sharing of spending : buying food together to buy better and spend less. The pioneer city of the Gas , the Solidarity Purchase Groups , was Bologna. The first was born in 1997. It was formed by some families willing to direct their consumption towards small local producers to favor the organic products of social cooperatives, which have as their objective the inclusion of disadvantaged people to work.

A model different from that of the housewife who goes to make her “private shopping” at the supermarket. A model that in recent years has spread to all the major Italian cities.


A little ‘out of necessity, a little’ age or ethical predisposition, the sharing economy has spread in many areas: those who have a free room in their apartment, can put it online and accommodate tourists. On A irbnb , the most famous platform for sharing houses and rooms in the world, there is a system of comments and evaluations of guests and hosts to avoid the cheats. And prices are often lower than those of traditional hotels.

Then there is socialeating, or sharing a dinner : platforms like allow those who can cook to organize a dinner at home, inviting unknown people. The cook earns a small amount for each guest; in return, the guests spend less than at the restaurant and take the opportunity to socialize .

And in the end we are in , that we base our business model on the sharing of money , approaching those who need a loan with those who have savings to make available for investments from € 10 to € 50,000 . For example, our investor Andrea did. Here is his story .


2. How to save: to each his app

There are apps like DogVacay that allow you to make money by taking care of the pets of others. There are others like Enjoy or Getaround for renting peer-to-peer cars.

Spinlister does the same service with bicycles, surfboards and ski equipment. Poshmark with clothes.

Whether they are bikes or cars, they are just some examples of reuse to intelligently exploit the possibilities that the web offers us by connecting people and their needs.


3. How to save: do the shopping without “deception”

The supermarket is a deliberately dispersive place: music in the background, a myriad of colors, the noise of the speakers. This is why we have to concentrate on it , and this can help us to prepare a list of the products to be purchased in advance. Do not be distracted by offers strategically placed near the checkouts or prohibited to buy products only because they are on offer, if they are not on the list!

A good idea is also to make a substantial expense and not many small expenses.


4. How to save: get married (and not only) with the sponsor

The pioneers of the wedding with the sponsor were two Milanese boys in 2011: advertising the companies that had provided the car, the clothes and the cake, the day in which they married Elisa and Walt sparingly.

And today, thanks to carvertising , you can even have a car for free. How to do? Covering your car with stickers that promote a company you can earn a small amount of money per month, provided you have to cover a certain number of kilometers per month and keep the vehicle parked in a wide area.


5. How to save: surf with your head

Smart use of the internet is a must for modern savings . Useful to look for the best offers on comparison sites ( Skyscanner for flights, Supermoney to compare insurance, loans, mortgages or even gas bills or the classic Booking to find the most convenient hotel) but we also recommend checking prices directly on the websites of the companies or the hotel on duty, because sometimes the savings are greater. You can also subscribe to newsletters to stay up-to-date and buy tickets or products well in advance.

Also look at the special offers on Amazon and Groupon .


6. How to save: return to nature

We often forget that the shopping center or the walkway among the shop windows are not a must, on the contrary. Combining the well – being of a more natural lifestyle with savings can be rediscovering the charm of nature and leaving comfort for a few hours.

A walk in the mountains is certainly more difficult than an aperitif, but it is also healthier and, moreover, cheaper.


7. How to save: when in doubt, remember your grandmother

When we were children (we have always been for them and we continue to be one of them), our grandmothers warned us: ” remember that two euros saved today seem nothing, but at the end of the month there are 60 “.

A calculation that does not make a fold and that we must remember to do every time we want to give in to unnecessary habits or vices, such as breakfast at the bar, coffee at all hours, too many cigarettes.

Applying grandmother’s account, if we give up breakfast at the bar every morning, in a year we could save almost € 1,000 (calculation made on an average cost of € 2.50 x 365 days = € 912.5).


8. How to save: blue water, clear water (and tap)

Did you know that – according to an Altroconsumo survey – Italy is the first country in Europe for bottled water consumption? Hundreds of thousands of tons of oil are used every year to produce the caps, packagings and bottles. Damage to the environment and to the wallet.

To save money, take the example of the virtuous citizens of other European countries: refrigerate a glass bottle and fill it with tap water. Fresh, drinkable and, moreover, free.

Then reduce the small waste of lights on, drafts, vegetables left to rot in the fridge: this is the main road for long-term savings .


9. How to save: at school of divisions

Splitting the monthly budget you have available by removing the fixed expenses (bills, gym membership) is another good way to get quieter at the end of the month. Dividing the result by four and obtaining a weekly budget facilitates the task.

If the maximum ceiling is known in the short term, it is easier to respect long-term objectives.

The most drastic but equally effective decision is to leave the credit card at home.


10. How to save: think long-term

Setting yourself a savings goal with a long-term incentive is perhaps the strongest motivation to start saving today. Think of grandma’s advice: one euro today is € 365 at the end of the year.

I would definitely save more if I realized that giving up breakfast at the bar or afternoon coffee for six months would allow me to have a nest egg to pay for a few days’ holiday in Barcelona.

How to invest: Zen and the art of maintaining your young people’s finances

Let’s face it: in a historical period dominated by uncertainty, saving is not easy , and the bad news is that it is even more difficult if you are young .

‘How to invest’ your savings is therefore not among the priority questions of many young people, and instead we explain why it should be and how to do it.

Accomplices the time of entry into the world of work that have lengthened a lot, the entry into the world of work is not very simple and the fact that where you can-enter the notorious “world of work” – the work itself is then often precarious and poorly paid, for the youth of today the scenario of the world of savings is not at all comforting .


But the good news is that Italians are par excellence a people of savers , with higher family savings rates than those of other developed countries. And so: do you want to have not learned from mom and dad?

Of course, you will say, but who are these investors and savers? Will not always the usual Italian dinosaurs?

This is also a good point: looking more closely at the audience and the composition of the investor population and looking, for example, Assogestioni data on Italian mutual fund investors (we referred to this research because mutual funds are widespread financial instruments). and accessible also for small savers) it is noted that young adults under the age of 45 are only 25% of the total subscribers , with a total amount of 13% of the total.


The figure speaks for itself, but is even more exemplary when compared with the statistics of over 65 subscribers : they are 34% of the total subscribers and hold a portion of managed assets that is 46% of the total!


In short: young Italians are those who should have every interest in finding out how to invest and diversify their returns. Those with respect to their parents will have a much smaller pension, a very long time horizon that would facilitate long-term investments and, given the poorly paid work of which before, they should be interested in putting aside a small nest egg to be built over time .


Yet the numbers of Assogestioni say exactly the opposite, and this certainly affects the economic crisis that more than anything has impacted on young people and their entry into the world of work. But the experience should not be underestimated – or better still: the lack of experience – and the lack of familiarity of young people with banks, promoters and various financial advisors .

And the other part of the “barricade” is not far behind: the same banks and financial advisors are not very familiar with the target of young people , with portfolios of products not very flexible and suitable for the needs and income of the young; and moreover with languages ​​and industry jargons (the famous and so much reviled “bancarese”) often not very understandable for those who have never faced in this area.


How to invest in young people: first of all we start saving

But before asking “How to invest?” When we are young, let’s take a step back and start with a much more basic activity, that is to save.


As one of our young investors advised in an interview on our blog , taking care of their finances is something that should not be postponed and start saving as soon as possible : “I advise anyone to actively take care of their finances and start saving immediately, from the first job. Needless to waste time and money: actively take care of it and make it grow, just like a child! “.


You do not need big figures but little daily efforts.


The story of the cicada and the ant that told us as children (all sooner or later we passed from the question: ” And you? Are you more cicada or more ant? “) Is exemplary: just collect and put aside something every day to not find yourself in the summer … oops, retirement, not having sufficient resources.


Even a small monthly fee cut out from the salary , of what survives between mortgages, bills and so on and so forth.

And then it would be enough to put aside some birthday or Christmas gifts (we know that grandparents – the famous savers of which they do not exceed in fantasy in gifts), or be careful in daily life to small businesses that can significantly help to save : the shared car or the bus instead of the personal one, the breakfast at home and not at the bar (as grandma used to say, € 1 saved per day is more than € 350 at the end of the year!), or even the comparators to choose the cheapest flights and another series of tips that David had collected in our blog to help us save day after day: give us an eye, neo-savers!


These are small figures that only with time and a little at a time can grow and form the basis for more important forms of savings , to buy a house or to protect themselves in view of retirement.


In addition to putting money after coin as Uncle Scrooge, another tip to start saving is to be aware of your expenses .

Between coffee at the bar or after-work drinks, lunch with colleagues or gasoline for the car, we often spend money without actually realizing their impact on our “reserves”.


And therefore even just being aware of it is a first step and then understanding where to intervene and how and what to eventually rationalize.


Drawing up your personal budget , with monthly income and expenses, allows you to understand what activities and products mainly absorb our resources. We can pigeon-hole everything into spending items (bills, mortgage, rent, shopping, catering, sports, wellness, tech, transportation, culture …) and understand which are more substantial than our expectations and which ones can try to cut and save. For example, if we realize that we spend a lot in catering, aperitifs and dinners out with friends or colleagues, the first step will be to reduce these activities to try to limit the relative item of expenditure.


Managing and organizing the personal budget allows not only to limit the items of expenditure, indicating what to cut and what not, but also leads to more conscious spending , helping to optimize the outputs and make choices more in line with needs and needs that weighted with purchases and compulsive needs.


Today there are many online tools to help manage budgets and economic resources and in this, we have to admit, young people are clearly advantaged: because of the propensity to use technologies that pervasiveness of the latter, it is natural to do everything through their own smartphone … so why not get help from your phone to manage and organize your savings better?


How to invest in young people: 6 out of 10 boys use app for financial services

And of course we do not just say that young people are inclined to use technology and apps: according to the research ” Stethoscope – The feeling of Italian policyholders ” conducted by the research institute MPS Evolving Marketing Research on behalf of Quixa – the insurance company online – for young people the approach to the world of finance almost always takes place through an app .


60.5% of young respondents – aged between 25 and 34 years – said they used at least one smartphone or tablet application to manage their current account or home banking, insurance or other financial services : respondents also emphasized a great interest in fintech applications.

In short, despite the initial data of Assogestioni, it seems that young people certainly feel far from traditional financial institutions (banks, branches, files and delays) but that they know very well tools that increasingly adapt to their needs and that can help them manage their finances.

How to say “The money in the wallet no, but the app in the phone to manage them!”.

And it is important to note this, because as Goldman Sachs’ “Millennials – Coming of Age” research points out , the way they work (or not work), consume, save and share will have a considerable impact on global economies: ” this is one of the greatest generations in history and in the next 5 years it will appear on the market with a spending capacity able to reshape the economy; their experiences will change the way we buy and sell, forcing companies to look at how they have been doing business for decades . “


How to invest in young people: some apps to better manage your finances

So if the apps are the key to saving money, we have also conducted a small survey – in-house with our team – asking to have on their mobile app to manage their money and what the pros and cons .

The most curious thing? Three out of three of the people who use them are developers: in short, at least in the world of ani there is an axis-developer much more likely to save than the rest of the team!

And each of them uses different apps, underlining the heterogeneity and the wide variety of tools available in the savings management sector.


Below is a brief review of the apps recommended by our devs:

  • Matteo has been using it for quite a while and recommends . He explained that the most obvious advantage is the ability to keep track of what you spend , so ” you realize how much money you normally leave without you even noticing! “. The slogan of the app is “give a job to every dollar”, and Matthew finds it particularly fitting: “in practice you realize how much you have available and the fact that if you have 1000 € but within two weeks you have to pay 500 of insurance in fact you have € 500 available because the other € 500 already have a “job” “. Matteo finds this feature very useful because it not only measures and tracks what he and his family spend, but also manages to create a budget in which he inserts categories and assigns the necessary money to each of them, thus eliminating stress from deadlines and miscellaneous expenses . Then, as often happens, ” the boiler breaks and you could not predict it: but the careful management of all entries and exits allows you to get there without water to the throat! “. There is no lack of cons: ” entering the mentality is not immediate and requires a little self-training, and like any similar tool requires consistency to the limit of the maniacal to make 100% “.
  • Enrico instead started for some time to use CashTrails , which only serves to track expenses . And this, Enrico told us, does it very well: it allows you to enter very quickly all the items of expenditure and provides reports as fast, flexible and powerful, with the ability to also apply filters and export all in Excel, for example (for lovers of the genre;). Unlike the tool used by Matteo, the one that uses Enrico does not allow you to make a budget and above all does not have an immediate synchronization so that using the same account in the family with more subscriptions and registrations is not easy.
  • Francesco is instead a Toshl -addicted: he advises it without hesitation because ” once every day you make the effort to consider the costs of day-by-day in relation to your monthly income, then it is natural to make some thoughts before even tackling certain expenses. This is not just an app, but a methodology. And like any method then it helps you to shape a mental discipline, educating to a culture of savings that will then become natural! “. Toshl is free in the pro version, has a clear interface, clean and without too many frills, which in a very simple way allows you to keep track of the progress of their resources. You can set an alarm that every day reminds you to enter the expenses of the last 24 hours, you can set maximum budget and you can tag every single expense with personalized items (our Francis has set “travel”, “crossfit”, “books “,” Tech “,” home “,” gardening “…) that allow you to generate budgets spent per single voice, to understand what to work or save.


Certainly the app proposals do not exhaust the entire world of applications in the world of finance and savings, but are a good way to start figuring out how to save and then move on to the next phase, and understand how to invest what you have managed to put aside.


How to invest from young € 1,000: why not consider the alternatives and start from social lending?

We want to be optimistic and to think that with the advice given above and through a careful management of at least one year of your finances you can manage to put aside a small nest egg and then ask yourself “how to invest € 1,000”. At that point what to do? Take them to the bank or put them in the safe?

We advise you to start investing in private loans for at least 3 reasons (then if you want more, we invite you to read this article on the advantages and the beauty of social lending ):

  • it’s useful : with you lend money to other people to help them realize their life projects and therefore you always know where your money goes;
  • it’s safe : thanks to our team we have a strong experience in risk management; the money falls monthly through the installments of those who requested a loan and in addition we invented the guarantee of return (so if a loan is insolvent and you have agreed by giving up part of the return the payment is still repaid, including capital and interest);
  • it is advantageous : it allows to obtain expected gross annual returns from 5 to 7% , and you can also invest with Guarantee (in that case the yield is lowered to 4%).

With it is possible to invest, even from € 10, at extremely low costs and with significantly higher returns than those offered by other traditional investment instruments.

In addition, with time is saved : all the processes of registration to our platform, investment and control of investment trends take place online. The registration, in particular, is 100% online and even the signing of the contract is digital (with sending of OTP code via SMS), without forcing you to go to the bank, look for the most suitable interlocutor and waste time with paperwork and various bureaucracy .

is also totally flexible: you can invest from € 10 to € 50,000 , how much and from wherever you want, from home, in the office or on the tram simply by accessing your personal area from your smartphone or tablet. There are no recurring obligations or keeping your capital firm for a certain amount of time : you are free to invest and disinvest at any time (and you can also sell investments already committed, if you want to access liquidity immediately) through an economic platform (we hold only 10% of returns, leaving the remaining 90% to investors), transparent, remunerative and 100% online .

How to invest 10,000 euros: tips and advice to make your savings come true

“How to invest € 10,000 in a safe manner and without too much risk? “: Is a very frequent question that put us in chat or that often ask by phone to our Carlo .

Of course: € 10,000 do not turn your life and do not allow you to live on income but are certainly a good starting point to face the future with greater serenity and tranquility.

Precisely for this reason we decided to dedicate a piece of our blog, so as to respond with an article to the curiosity of many and try to help you build a solid foundation for your future savings.


But first we need a clarification, perhaps for many implicit but we want to make it clear to dispel any doubt: is not a financial advisor and we do not advise for investments. Most of the people who call Carlo asking for advice in this sense already know us and already know that they want to invest € 10,000 in private loans .

They just want to know how to do it optimally through our social lending platform , diversifying their own portfolio and the amount of investments they are making with us.

However, before entering into the merits of how to invest 10,000 euros with private loans, we want to make some premises of a more general order, to better respond to the question that many people ask themselves.


How to invest 10,000 euros today: the answer is within you (but we’ll help you: there are only 2 alternatives to start with!)

No, it’s not a mockery, it’s really like that. There is no single answer for those looking for the winning model to make the best of their € 10,000 saved and everyone has their own.


We strongly advise you to be wary of those who promise safe investments, without any risk , easy gain, returns with three zeros and more than increasing curves: if it were so simple we could all live on income. The truth is that miraculous recipes in the field of investments do not exist and instead they have to be applied with common sense and prudence , first of all.


Ask yourself the question “how to invest 10.000 €?” Requires a range of possible answers and different scenarios , which vary from person to person, from experience to experience, from the historical moment in which the investment is made (it is clear that a profitable investment and that did get certain returns 5 years ago is not said to make it so today …) and the attitude and propensity to risk at that time.

Each has different objectives, starting conditions and resources; and even the very knowledge of certain instruments and variables is so varied that it makes practically impossible the existence of equal and replicable investments.


To begin to give a personal and unequivocal answer to the question on how to invest 10,000 euros , the first variable to be untangled is to define if the 10,000 euros that you want to invest are all the assets available for investment or just one part .


If you are asking how to invest € 10,000, which are the only savings available , the answer is very clear: the first rule of investment is always diversification and our first advice will not be differentiated by originality: diversified, diversified , diversify if you do not want to make mistakes!

In this sense it will be necessary to divide the budget of € 10,000 into groups of € 2,500 / 3,000 and perhaps leave a small margin for cases of need, in case the investments do not go as expected. This approach makes it possible not to focus everything on a single source of return , but to allocate its savings on different investment options (and in this way to diversify risk).


If, on the other hand, you are asking how to invest € 10,000 that are part of a larger asset to be allocated to different investment options , then in that case the € 10,000 can also be allocated to a single investment model.


After assessing whether € 10,000 is the only sum available or just a part of its assets to invest, you have to ask if you want to make an investment in a single solution or if you want to set aside a tot each month to be allocated to the investment in small quotas (it is also probable that those who have € 10,000 as part of a larger asset to invest in this problem do not pose it and invest all in one solution).


If you have experience with investments and with the ups and downs of the market , surely you have so many elements available to make a series of evaluations and invest 10,000 euros in a single solution a little more “light-hearted” ( remembering, however, that prudence is always the best advisor and that past returns are not indicative of the future).

Otherwise, for those of the first investment experience we advise against investing 10,000 euros all at once : it would be better to start with € 3,000 and then increase , with other investments of equal or greater amount, but in successive stages depending on the returns and monitoring of the first investment. In this way, greater confidence will be gained with the financial markets if some dynamics are better understood.


Therefore, evaluate the starting point, the “available balance” to be invested and whether to invest the amount in one or more “investment packages”, the next step is to collect information, study, scrupulously read contracts and general conditions of every investment tool you’ll want to consider … without forgetting the forums!


How to invest 10,000 euros today: if the answer is not within you, try with the forum

If you try to ask the question “How to invest 10,000 euros?” On a forum , the answers are the most disparate because, as said before, there are different experiences, attitudes, risk tolerance of different respondents giving their own tips.

And for such a difficult question we are certainly not suggesting you look for answers in the forums, but advice to help you orient yourself better : cues from which to study and deepen, suggestions and stories of personal experiences that can enlighten you on your investment path and choices best to do.


But be careful because the forums are exactly the mirror of reality : what is valid for someone, not necessarily valid universally and even replicable for only one other person.

However, the forums , although today may seem extremely vintage and outdated by various social tools, they are still unsurpassed for democracy : on the forums there are no fake news so deprecated on Facebook, but certainly you can hide the fake independent consultant who, to know him well , then works for such a financial institution and its own independent is not.

So to read them you do not give up anything, as long as you do not take them as infused science but rather you read them with a critical spirit.


How to invest 10,000 euros today: strategy, planning and asset allocation!

After studying and getting the right information, it’s time to move on to action and like any self-respecting action, the investment must be carefully and strategically planned: you need to think about a strategy for your investments keeping in mind a very important variable, and that is the time that one wants to give to one’s own savings in order to yield and grow .


Choosing a specific time horizon helps to define your investment objectives , setting the period within which you want to monitor them to evaluate the results of your choices. Defining a strategy and planning their investment actions are two preparatory activities to what is actually the asset allocation that, as Wikipedia explains, ” is the distribution of the available funds among the various asset classes ( asset class ). Each portfolio is a combination of these asset classes. “


Planning and defining your own asset allocation means reasoning on the composition of your investment portfolio , prior analysis and understanding of risk and return opportunities in the financial markets. One wonders, that is, whether to invest in real estate today, or what option is the best between investing their money in gold, in diamonds, in stocks or bonds, in art, in startups or, why not, in people (as can be done through our investments in private loans ).


And, as you may have guessed by reading the article so far, the answer is not and could not be unique and the same for everyone, indeed: everyone will choose the right mix between the various investment opportunities depending on their characteristics, resources, attitudes and need of the moment.


We need to select and focus on the forms of investment that are better understood and postpone to the future others whose understanding is not immediate or whose investment base is not immediately within reach of its portfolio (if we are wondering how to invest 10,000 euros, certainly a real estate investment can not be taken into consideration … or at most it can be the basis for the first alternative investments that will allow you to accumulate a small amount of money and then buy a garage, at most!).


In short: investing, with caution and with a time horizon defined according to your objectives . All this after diligently studying pros and cons of every form of investment to be taken into consideration.


How to invest 10,000 euros today: 3 keywords for safe investments

We have already mentioned several times in the article, but repetita iuvant : to make investments as safe as possible you have to keep in mind 3 passwords:

  1. time horizon: it is important to set a well-defined time frame, bearing in mind that the longer the duration, the more we have the opportunity to remedy some losses due to the highs and lows of the market (lower, in case of losses);
  2. diversification: as repeated several times, it is essential to allocate your investments on a varied basket of instruments, in such a way as to reduce the risk that only one impacts negatively or excessively on one’s portfolio. A series of different investments makes it possible to better balance any loss of less performing assets;
  3. monitoring: it is important to monitor and monitor investments over time, to improve them and adjust the shot from time to time. Investments are a very delicate sector and we must take care of them to grow: if a certain investment does not perform according to our expectations, we need to monitor it to decide if and when to sell it, for example, and possibly look for forms of investment more in line with our expectations .


How to invest 10,000 euros: diversify, in the long run and monitor … but pay attention to the costs of the various operators!

Beyond any diversification choice, it is important to invest in low-cost financial instruments , which include low portfolio management costs and, if possible, reduced taxes to a minimum .


Diversifying means in fact often entrusting to different consultants, operators and services and this can multiply these cost items. Then check if any operator offers discounts in this sense -zero stamp duty, zero commissions on the account, … – it is important to grab a higher yield that in the long run is not affected and gnawed by these apparently small cost items but that, added one by one, they also influence a lot on the final performance.


How to invest 10,000 euros: eye on taxes …

If investing earnings are never certain, what is certain are certainly the taxes to be paid on capital income , which in recent years have increased, to the detriment of small private investors.

The income (ie the positive interest) received by virtue of the investment is taxed for 26% (except for investments linked to the Italian State – Italian government bonds, postal savings bonds, … – whose rate is not 26%, but 12.5%).



How to invest 10,000 euros with social lending: keep calm & register to !

Whether 10,000 euros are all your savings, whether they are just a part of your assets, the social lending could be the right answer for many of you because it allows :

  • to invest with fast return times: it is possible to receive the interest of the investment after the first month, when the loan applicants return
  • to invest diversifying its investments : each investment is in fact unpacked into sub-investments that are allocated to various loan applicants in such a way as to reduce the risk of insolvency;
  • to invest with a return guarantee: by giving up a portion of the return you can even adhere to our performance guarantee , a piggy bank that intervenes and pays in case of insolvent loans (obviously within the limits and capacity of the guarantee);
  • to invest with maximum flexibility: it is possible to invest some amounts with collateral and others without, to test different levels of risk (without guarantee you can choose the rating of the applicants you want to finance and then maybe bet on a slightly riskier rating – 4 and 5 and reserve more prudent investment parts covered by guarantee ).
  • to invest with an expected annual gross return from 4% (with guarantee) to 8% if the guarantee is not adhered to and is aimed at profiles of more “risky” applicants;
  • to invest with constant monitoring of their returns : by registering with .it, a user will be created that will allow access to a reserved area where the statement and the trend of their investments are explained
  • shortly it will also allow to automatically re-invest the capital and the interests that fall monthly , so you can choose some options and investment rules (with or without guarantee, if no guarantee on what time and risk levels, …) which will be applied and automatically replicated at the time when principal and interest will be included in the portfolio in the form of installments including capital and interest.