Grupeer explained! Step by step guide

Step by Step Guide – Investing in P2P

Grupeer explained! Step by step guide

In this post I show you step by step the most important functions on Grupeer. First of all I will explain how to deposit and withdraw money. After that I will show you how to manually invest on Grupeer. How to set up your car investment portfolio. At the end you will find an overview of my auto-invest portfolio and used settings.

If you're not really familiar with P2P lending yet, the following post will help: "P2P Loans, Peer-to-Peer Lending Explained"

Grupeer is one of the four providers I already compared in another post. This platform offers some features that I have learned to appreciate in the past with other providers. For example, there is a buyback guarantee. An auto invest function. On the one hand, the repurchase guarantee helps in case of non-payment, on the other hand, the Auto Invest function allows you to make investing on the platform passive. Another plus point is that the Auto Invest on this platform works very fast Summa invested my entire deposit within a day. Unfortunately, there is no secondary market on the platform, the resulting low liquidity can be compensated somewhat by investing in loans with a short term to maturity.

More information and other providers

If you don't understand something or need a more detailed explanation of a point, just write me a comment. If you want a tutorial on another area or process on Grupeer, write it in the comments as well. Also, I was thinking that it might make more sense to do posts like this as a video in the future. Let me know what you think about it in the comments: Blog posts, videos, or both?

Deposit and withdraw moneyDeposit
Pay out
Invest manually
Set up Auto Invest
My Auto Invest settings

Deposit and withdraw money

Deposit

Grupeer explained! Step by step guide
Grupeer explained! Step by step guide

You can make a deposit to the Grupeer account by clicking in the overview on Add deposit click.

The following page will give you all the information you need to make a transfer. You can also deposit the money via TransferWise. In any case, you should make sure that the purpose of use is correctly specified, so that the money ends up on your account. Grupeer points out once again that the processing can take up to five working days.

With the help of a standing order you can easily create a passive savings plan.

Withdraw

Grupeer explained! Step by step guide
Grupeer explained! Step by step guide

To withdraw money from your Grupeer account, click on the following button in the overview Deposit/Withdrawal and then on Credit withdrawal.

Here you can see that the German translation of the site is still a bit poor in places. The term loan deposit is slightly misleading, as you are only withdrawing money from an account and not taking out a loan.

On the following page you can set how much money you want to withdraw from your account and to which account the money should be paid to. Withdrawals are usually processed within two business days. The money can be paid to any bank account from which you have already deposited money to your Grupeer account. You must also withdraw at least ten euros.

With one click on Save confirm the payment.

Invest

Invest manually

Grupeer explained! Step by step guide
Grupeer explained! Step by step guide

1. Step

Grupeer offers different views of the credit offer. Click in the overview on Invest. Now you can choose whether you want to see a filterable list of all loans (Loan list) or if you want to see a list of the individual projects with their respective credits (Development projects). Let's start with the credit list.

In the upper part of the page you can specify which loans are displayed to you by setting different filters.

Below you will find a list of loans. To invest in a loan, click the blue investment button to the right of the loan.

4. Then you can enter how much money you want to invest in the loan. Confirm this with another click on the blue suitcase button.

Grupeer explained! Step by step guide
Grupeer explained! Step by step guide

5. Step

On the Development Projects page you will find the same loans as in the Loan List, but this time they are sorted by the corresponding projects. Here you can find more information about the purposes of the loans. The manual invest runs the same way as already described in 3. And 4. Step explained, only that the buttons are green in this view.

Set up Auto Invest

Grupeer explained! Step by step guide
Grupeer explained! Step by step guide

1. Click in the overview on Invest. Then click on Auto-Invest.

2. Step

On the following page you can set up a new Auto Invest.

3. Step

The Auto Invest function of Grupeer offers the usual setting options like amount of interest (Interest rate interval), term per loan in months (Term interval) and the minimum investment amount per loan (Max investment amount per project). You can also set whether the money should be reinvested (Auto-invest unlimited) or. How much money should be reinvested (Auto-invest limit).

One difference to the other platforms is that at Grupeer you have to specify how long the Auto Invest is valid (Valid Till date). Here you can simply take a date that is far in the future and thus ensure that the Auto Invest runs for the next few years.

4. Step

Finally, you can explain the whole thing with a click on the blue button activate. In my case the button is marked with Update labeled, since I have already set up an Auto Invest.

My Auto Invest settings

In the following I will show you how I set up my Auto-Invest-Portfolio. Please note that my settings are only meant to serve as an orientation and example. Therefore, it is important that you inform yourself and make your own thoughts. But now on to my Auto Invest portfolio:

Grupeer explained! Step by step guide
Grupeer explained! Step by step guide

My settings

Grupeer does not offer many options for auto-investing compared to other platforms. Besides, on the platform you can set only one Auto Invest strategy. Not like on other platforms several strategies at once.

I invest in loans with an interest rate of at least 12%, as this corresponds to my target return on the four platforms. Furthermore, I invest in loans with a term of one to 36 months. The maximum term of 1.5 years is not a problem for me, because I do not rely on high liquidity of the cast. Grupeer does not offer a secondary market, so it may make sense to invest in loans with a shorter maturity if you want higher liquidity. As on the other platforms, I only pay the minimum investment amount of ten euros in each loan and they invest all the returns.

I have set the validity of my Auto Invest portfolio to ten years, although this period is freely chosen and is only to ensure that the Auto Invest will run for the next few years.

Standing order or one-time investment?

Since I have only recently added many new platforms to my P2P portfolio, I do not currently work with standing orders. I save my monthly installments on a call money account and can invest them after I have chosen one or more providers. This allows me to test several providers within a short time. Then wait and see which one I like the most. Of course I will report on this blog as soon as I increase my deposit with one of the providers.

If you don't have an account at Grupeer yet, this link will take you to the registration: Create an account at Grupeer*

More information about Grupeer and three other providers can be found in my article "Alternatives to Mintos – Four providers in comparison". In addition, you will find in the article "Where to invest? – P2P providers in comparison" a comparison of four other P2P providers.

If you don't understand something or need a more detailed explanation on a point, just write me a comment. If you would like guidance on another area or process on Grupeer, post that in the comments as well. I also thought that it might make more sense to make such contributions as videos in the future. Let me know what you think in the comments: Blog posts, videos, or both?

Like this post? Please share to your friends:
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: