Dear Investors,
As autumn settles in, we’ve entered the last quarter of the year — that familiar mix of new school routines, year-end targets, and the final sprint before the holiday season. It’s a reminder that time moves fast, and that change is constant. The same applies to investing — the ideas that once guided markets are evolving, just as seasons do.
Over the past few years, markets have reminded us why diversification matters. Since 2022, the classic 60:40 portfolio of stocks and bonds has struggled — high inflation, rising interest rates, and market volatility caused both asset classes to drop at the same time, with 2022 marking the worst year since 2008. Bonds no longer offered the protection they once did, and investors started looking for new ways to balance their portfolios.
In 2025, that shift has paid off. Equities have recovered strongly thanks to solid company earnings, bonds have regained stability as inflation cooled, gold has reached new record highs, and digital assets have made a confident comeback. At the same time, alternative investments — such as peer-to-peer lending, private credit, real estate, and even crypto — have become an essential part of many investment strategies. They don’t move in the same direction as public markets and can provide more stable returns when stocks or bonds are not giving expected returns.
Institutional investors like pension funds and family offices are now leading this trend, often allocating 30–40% or more of their portfolios to alternatives. Retail investors are gradually catching up — with new investment products such as European Long-Term Investment Funds (ELTIFs) and tokenized assets making access easier than ever. Many experts now believe the new balanced portfolio could look more like 50% equities, 30% bonds, and 20% alternatives, reflecting how diversification is evolving in today’s market. What is your diversification ratios?
At TWINO, we’ve always believed that access to alternative assets should be simple, transparent, and reliable. That’s why we have set our mission to become a multi-asset alternative investment platform. We know this is a long-term journey, but we’ve already started laying the foundations to make it happen — building the structure, improving our systems, and preparing for new investment opportunities that we plan to introduce as early as Q1 2026.
Latest on TWINO:
We are finalizing the TWINO platform’s design upgrade and will gradually start rolling it out in October. The refreshed design will make managing your investments simpler, faster, and more intuitive. Additionally, to encourage active portfolio management and help cover the operational costs of maintaining inactive accounts, we will introduce an inactivity fee. More information to follow.
Latest on Recoveries: Russia, Vietnam & Philippines
Repayments from Russia continue to arrive in small but steady amounts, gradually returning funds invested in loan claims. In Vietnam, we are working with local consultants to close the situation in the best possible way. For the Philippines, we are still progressing with a potential sale deal aimed at recovering investor funds.
Latest in Poland
Our Polish payment institution, FinCard, continues to perform strongly in 2025, with over 55,000 active cards and a gross portfolio exceeding 46 million EUR year-to-date. This growth underlines the strength of our lending operations.
As we move toward 2026, we’re focused on shaping TWINO into a platform that bridges traditional and alternative investing. The classic 60:40 portfolio may be changing, but the principle behind it — balancing risk and return — remains as relevant as ever. At TWINO, we’re looking forward to build the tools to help you achieve that balance in the modern world.
Thank you for your continued trust and partnership. Together, we’re not just adapting to change — we’re shaping the next generation of investing.
Warm regards,
Nauris Bloks
Chief Executive Officer
TWINO Investments
