Hi everybody! I hope you are all well! It's now end of June and so it's definitively time for a short look back to the portfolio update May 2020. I promise that the update for June won't take that long! But there weren't many changes besides a few small test balloons. Which one I mean you can read in the following blog post.

Continue reading “Portfolio update May 2020”

Hi everybody! I hope you all are safe and sound! It's now mid/end of May and so it's time again for a small retrospective of the portfolio update April 2020. After I took advantage of the (supposed) opportunities on the stock market in March and invested more money than ever before, I actually thought my P2P /crowdlending portfolio has a break. But far from it, there was also some growth. Why exactly you can find out in the following blog post.

Continue reading “Portfolio update April 2020”

Hello everybody! I hope you had peaceful Easter holidays even though it was probably a little bit lonely than we normally know it. In the last blog post I told you I want to show you my platform settings #1 so you see what I changed due to the effects of COVID-19 on the p2p/crowdlending industry.

Continue reading “My platform settings #1”

Hello dear blog readers! It's time again for a portfolio update February 2020. After the recent losses because of my naive investments an event occurred pretended far away from Europe and Germany were I'm based. I think you all know what I'm writing about – the corona virus or COVID-19. What seems to be a problem far away has no arrived in our everyday life with massive impacts, restrictions etc. And it's a black swan in my opinion. Because of that stay healthy has the highest priority and I think everyone of you can and have to contribute to that by staying at home and keeping (social) distance and so save other people which are no that healthy anymore.
Nonetheless my blog is about P2P and crowdlending and you might want to know how I'm dealing with the current situation. Below I want to describe everything and also sharing my thoughts at the end.

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IRR-Ranking February

Platform	IRR (%)	Changes to previous month (%)	Invested (EUR)	Changes to previous month (EUR)
TFGCrowd*	23,63	+ 2,64	812	103
Wisefund*	21,09	0	1064	70
Viventor*	14,00	+ 0,29	80,70	0,10
Mintos*	13,71	+ 0,56	6341	67
Bulkestate*	13,03	+ 0,27	319	0
NeoFinance*	12,44	+ 0,29	1091	12
PeerBerry*	12,13	+ 0,12	629	35
IUVO*	11,58	+ 0,07	1289	12
Crowdestor*	11,09	+ 0,05	8170	205
Viainvest*	10,84	+ 0,20	1094	10
Bondster*	10,78	+ 0,58	1069	11
EstateGuru*	8,08	- 0,39	2413	303
Crowdestate*	6,44	- 0,98	1584	108
Bondora GG*	5,37	- 0,43	1678	701
ReInvest24*	5,11	+ 1,31	395,42	1,42
Debitum Network*	4,36	+ 4,36	100,34	0,34
EvoEstate*	2,06	+ 0,26	3598	416
Exporo*	1,57	- 0,21	1000	0
Lendermarket*	0,00	0	50	50
Linked Finance	0,00	0	50	50
Grupeer	13,43	+0,16	2020	191
Monethera	17,36	-3,99	1617	26
Kuetzal	-105	- 105	0	1957
Envestio	-95,16	- 95,16	0	1563
	-3,39	+ 1,38	36464	2155

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IRR-Ranking March

Platform	IRR (%)	Changes previous month (%)	Invested (EUR)	Changes previous month (EUR)
TFGCrowd*	22,57	-1,06	711	101
Wisefund*	19,67	-1,42	986	78
Viventor*	16,83	+ 2,83	80,70	79,20
Mintos*	15,05	+ 1,34	7006	665
IUVO*	12,90	+ 1,32	2342	1053
NeoFinance*	12,59	+ 0,15	1103	12
Bulkestate*	12,38	-0,65	624	305
PeerBerry*	12,05	-0,08	635	6
Bondster*	10,84	+ 0,06	1079	10
Viainvest*	10,78	- 0,06	1103	9
Crowdestor*	9,85	- 0,24	8473	303
Linked Finance	9,31	+ 9,31	50,49	0,49
EstateGuru*	7,87	- 0,21	2828	415
Crowdestate*	5,95	- 0,49	1565	19
Bondora GG*	5,33	- 0,04	883	795
ReInvest24*	5,27	+ 0,16	396,56	1,14
Debitum Network*	3,86	-0,50	100,34	0,34
Lendermarket*	2,89	+ 2,89	322,27	272,27
EvoEstate*	2,70	+ 0,64	3612	14
Exporo*	1,57	- 0,21	1000	1000
Swaper*	0,00	0	270	270
Twino*	0,00	0	260,08	260
Grupeer	13,38	-0,05	2025	5
Monethera	17,45	+0,11	1522	-95
Kuetzal	-105	- 105	0	1957
Envestio	-95,16	- 95,16	0	1563
	-2,30	+ 1,09	37977	1533

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Platforms

I also want to start to mark capital as ‘questionable' where I think it is. Sterling of p2p-millionaire.com started this two months ago and it's more transparent for you and me as well. Also it becomes more important because of the corona pandemic which will definitely have an impact on the P2P/crowdlending platforms.
So I'll start with the platforms where the ‘questionable' capital is higher than on other platforms. Every deposit/withdrawal comes/goes from/to my Revolut* account as central instance.

I know as I publish this blog post it's late March and I will address some things which happened mainly in March, the numbers however are the numbers from February 29, 2020! In the first week of April I'll publish an update of the IRR-table, so you see also the ‘current' numbers. On top I'll publish in a separate blog post my thoughts in more detail and also describe then what I'll change in the upcoming month.

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Questionable capital >50%

Monethera has a total account value in February of 1.617€  with an IRR of 17,36% (-3,99%). I didn't invest in any new project in February. Monethera had and have huge problems with their bank(s) and changed to a financial service provider called Trustcom. Here you can read more about the situation. For whatever reason the processing of withdrawals is done manually. So a withdrawal request from February 14th I got at March 9th. Two other withdrawal request from March 10./11. still are not on my bank account.

I thought Monethera can turn the corner but It seems I was wrong in this matter. A few days ago (March 27th) the platform announced a ‘temporary complete cessation'.

On March 31, my balance unfortunately shows still 1.522€ invested.

Because the banking issues occurred before the effects of COVID-19 and Monethera so far didn't give information about the status of the projects and now with this statement I can't put my capital as questionable but I have  to write it off completely.

There is a Monethera Discussion Action Group on Telegram. Here you can find a form for the preparation of possible legal actions. Have a look at the pinned post in the group.

Because of the current situation I deleted the affiliate links for Monethera in the beginning of February.

I stuck to my plan and increased my investment at Grupeer. Now 2.020€ is the total investment (+191€) with an IRR of 13,43% (+0,16%). 

Grupeer added portfolio statistics to their dashboard and now it's finally possible to see the (non-)diversification over loan originators.

In the last days the Austrian investor and youtuber Bernhard Hummel published on his channel videos from his trip and interviews with Grupeer's co-founder Alla Kisika. You should watch it! To get straight to the point I really don't like the answers in the interview. Bernhard did a good job in asking critical questions. 

As I'm writing the blog post the situation got worse and worse. It seems the loan originators Epic Cash and Lion Lender are fake and there are more contradictions regarding real estate projects. Thx again to @RPeerduck for digging deeper and deeper! The only reaction of Grupeer was this piece of art…

On March 31, my balance unfortunately shows still 2.025€ invested, pending withdrawals included.

Therefore I stopped my auto invest and will withdraw the repayments if possible. Also I put 100% of my capital at Grupeer as questionable but not write if off completely for now.

There is a Grupeer discussion group on Telegram with a lot interesting and also worrying information. Feel free to join the group.

After watching Bernhard's videos I deleted all my affiliate and referral links for Grupeer.

The 80€ from November are still ‘invested' in February at Viventor*. IRR increased to 14,00%, because I had a few cents left and bought a discounted loan at the secondary market. In the current situation the communication is much better than before. The CEO Andrius Bolšaitis had a difficult start and even though I dislike the communication regarding Aforti (I mentioned it in every portfolio update I think) I changed my mind and think about increase my investment here again.

Nonetheless I put 100% of the capital as questionable because all 80€ are Aforti Finance/Factor loans.

In March I invested 79€ ans increased the investemnet as planned. Total investment is now 159€ with an IRR of 16,83% (+2,83%).

If you want to invest at Viventor* unfortunately there is only a bonus of 5€ and 1% cashback for 30, 60 and 90 days for me as publisher.

For TFGCrowd* the picture looks slightly better. You can find my short review/interview here. My investment at the platform is ~812€. with an IRR of 23,36% (-2,64%).  In February I invested only in one project. The project EDELAND Gmbh Logistics on the other hand wasn't fully funded and I withdrew the 100€ plus the interests of February on March 5th.

Also in February TFGCrowd presented their development roadmap until 2022 on their blog. On March 27, 2020 TFGCrowd wrote in a newsletter all projects and payments should work like scheduled. Let's see a few days if that's true.

I can't imagine that the corona pandemic was on their radar back then as the published the roadmap. This, the red flags and the types of projects I'm invested in are the reason I put 90% of the money as ‘questionable'.

On March 31 my balance showed 711€ invested with an IRR of 22,57% (-1,06%).

However if you want to test the platform you can use my link. I get 20€ + 2% after 90 days as a reward if you invest at least 100€.

Wisefund* has an IRR of 21,09% (same as the month before) with 1.064€ (+70€) total investment. I invested 55€ in this project. It's without buy-back guarantee. Also there are two open projects.

I had several conversations with Ingus Linkevics, who is now the owner of Wisefund, regarding status of the projects and what's the best for all participants (platform/projects/investors). He has some good ideas how to steer the ship through the storm but I cannot foresee what will happen in the end

Another interesting news Ingus mentioned is that Wisefund launches an easy funding program for COVID-19 affected companies. It offers loans from 10.000€ to 250.000€ for companies which have suffered sales decreases of 25% or more. The following steps will be in the place for companies which apply to the program:

• • Priority review (2-3 days)
  • No commission on review
  • Offering lower commissions for successfully funded applications
  • Listing as project for support with additional marketing and promotion on the projects
  • Loan for max.  18 months
  • Fixed rate 10-13%
  • No early repayment option

Due to Ingus the main incentive is here to filter out businesses that in other conditions were working flawlessly and being a good part of the economy, and now are going to struggle, but have clear path of recovery with certain financial support. To investors the following will be offered:

• • Fixed rates of return 10-13%
  • Full transparency of the business
  • Securities like commercial pledges, mortgages, personal guarantees (depending on each case)
  • Most importantly, possibility to support our own economy, support SMEs who are the heart of what we do (activity based businesses), where we spend time (places, restaurants, leisure spots), what we use (utility stores, apps, family owned businesses)

So it's a similar approach to what Linked Finance for example announced a few days ago but with some more restrictions. I like the idea but I don't know if it will be successful. Due to my information a few businesses have applied by now and some of them look promising.

Nonetheless because there is still a major risk and the platform is young I put 75% of the capital as questionable.

A good thing was the introduction of a secondary market where as of today two projects are tradeable. Here you can see two things:
1. People invested crazy amounts in single projects
2. People are so in panic mode that they want to sell with discounts of up to 31%. Really crazy shit.

At the end of March the IRR is 19,67% (-1,42%) with 986€ invested.

Wisefund* offers  0,5% cashback for your investments within the first 270 days!

8.170€ total account value is it on Crowdestor* in February. This means I invested 205€. IRR almost didn't move and is now 11,09% (+0,05%). The average interest rate for my projects shown in the dashboard is  17,41%.

Regarding the risk of the platform and the projects I put 50% of the capital as ‘questionable'. Especially because of the corona pandemic which will have a massive effect on tourism and restaurants. In the screenshot below you see that I'm invested with almost 2.000€ in business loans and there are several holiday resorts, restaurants and so on.

As I said multiple times before I don't invest in every project and focus more on the high-yield short-term projects. But because of the current situation I try to choose the projects even more selective. Anyway in February I invested in the following projects:

• • Consumer loan portfolio acquisition (II) (24%, 12 months)
  • Working capital for a chain of Pet Food and Pet Accessories (17,5%, 15 months)
  • Fertilizer Export Financing (III) (21%, 3 months)

As I'm writing this blog post Crowdestor posted a reaction. In my opinion it's the right way to deal with the situation. Below you can see the statement.

Dear investors,

We would kindly like to address the current situation in the world with the recent global challenges, how this reflects to economy in general, CROWDESTOR investors and borrowers.  Therefore, we turn to you with the following statement.

Regarding global economic downturn caused by the outbreak of the novel coronavirus COVID-19. Starting from 31 December 2019 when the first case of infection with COVID-19 was reported to the World Health Organization by China, the world has experienced a very sudden, unprecedent and unexpected economic and public health crisis.

Almost every country in the world and every business sector has been affected. The travel, relocation and gathering bans imposed has almost completely stopped airline, hospitality, restaurant, educational, cultural and entertainment sectors, real estate, car manufacturers, production worldwide and the transportation industry; these are all those that with every passing day experience a complete market disruption. Consequently, these industries and companies now face serious threat to their existence. Many countries have declared a state of emergency.

Due to these reasons it is certain that current circumstances can be qualified as exceptional, border-lining force majeure events.

National governments and European Commission understand the severity of the situation and, under threat of mass layoffs, are considering measures to alleviate the situation. Governments are planning to introduce recovery packages. Financial institutions are encouraged by governments and regulators to review existing payment deadlines and allow borrowers to have a time to recover once the outbreak is over.

We live in a fundamentally connected world, we all get to experience some direct or indirect affect sooner or later and our industry is no exception to that. Even though we are inclined to recognize this situation as force majeure, we want to assure you, we keep CROWDESTOR investors best interests at heart, maintaining a reasonable and humane attitude towards economy and society and therefore, we want to act in a responsible and proactive manner addressing this situation.

At CROWDESTOR we recognize the extensive trust and loyalty we have received from our investors and borrowers throughout all this time, which is precisely why we want to be fully transparent with you now, not to promise scenarios which cannot be delivered, leave you in the dark or lose your confidence in our platform.

As you might have noticed, there are borrowers currently experiencing significant difficulties. There are restaurants closed, private educational companies without students, hotels are facing 99-100% cancellations and real estate deals are put on hold for an unknown period. We have strongly believed in our projects beforehand and we do not intend to stop doing it now, we believe it is just a timely setback.

We are completely certain that to default any of the business projects today is not an answer or in the best interests for anyone. Especially, in the current conditions where market is almost nonexistent, where it is almost impossible to sell the assets or entities for a reasonable price, or to be able to refinance them. We trust and have full confidence in our borrowers. Our borrowers fully respect their liabilities and they have no intention in not repaying their loans.

At CROWDESTOR we have evaluated to look at the bigger picture and we sincerely invite our investors to support us with this. Therefore, we have decided to set a ‘Recovery period’ on all ongoing investments for a period of 3 months.

We strongly believe defaulting projects today is not an option as it would result in big losses for all – investors, borrowers and CROWDESTOR, hereby giving 3 months to borrowers could make a significant difference – borrowers would have the time to adapt to new market conditions, to set proper recovery plans in place for repayments and to apply for State recovery aid if possible; which is in the interests of CROWDESTOR and investors.

Consequently, CROWDESTOR has decided on the following actions:

1. To introduce a leniency period towards the borrowers till end of June 2020; during this time CROWDESTOR will defer any loan repayments and will not affect any liens or other securities that CROWDESTOR holds;
2. In the best interests of investors, CROWDESTOR reserves rights to reconsider this decision and to effect liens it holds, this will be done in situations where CROWDESTOR will decide that the best course of action is in the best interests of investors is immediate action to enforce repayment of the debt;
3. After Recovery period CROWDESTOR will use its rights in full amount in the context of loan repayments and recoveries.

Nonetheless, also during this time our platform will operate as usual, our business activities will proceed undisturbed and with no problem to preform them remotely when necessary. In case of any questions, our team will be reachable at timely manner and glad to respond.

We kindly like to remind you that CROWDESTOR is still one of the few platforms that offer you to invest in highly diverse projects from various industries, so you can build a portfolio that corresponds to your values and risk appetite.

Do not forget – markets recover, they just need time.

This is a time for smarter due diligence, diversification, trust and patience in the process for the longer term welfare, both in matters of financial standing, as well as, prosperous health.

 

Our mission at CROWDESTOR is to empower anyone who wants to invest their money in meaningful or financially sound future projects across various industries and geographical boundaries. 

 

Best regards
Janis Timma
CEO
CROWDESTOR

I added 303€ in March to my Crowdestor account. The total investment is now 8.473€ with an IRR of 9,85% (-0,24%), which decreased because of the repayment pause.

With my link* there is 1% on top for 90 days on your investment! I'm rewarded with 1% too. I switched to the Crowdestor referral program because there are problems with the links of Circlewise in combination with adblockers, so I cannot offer 180 days anymore.

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Questionable capital >=20%

 

I added Debitum Network* last month. The platform serve asset-backed business loans only. Interests are ‘lower' (7-8%) but including possible penalty fees (4,5-10%) it could be much higher in the end. I received 0,34€ interest so the calculated IRR is now 4,36%.

Debitum added two loan originators in the last weeks. Noviti Finacne from Lithuania and Triple Dragon from UK. The last one is very interesting because they are backed by Apple and Google receivables. Also Debitum published a blog post about their thoughts on the coronavirus.

Because it's a new platform for me and the platform offer investment in business loans (doesn't matter if's asset-backed or not) I put 30% of the capital as questionable. 

IRR is in March 3,86% (-0,50%) because of some long-term loans.

If you also want to try out Debitum Network* you can use my link. If you invest 100€ I get a reward of 10€ and 2% cashback for 90 days.

 

In February NeoFinance* IRR increased again to now 12,44% (+0,29%). The total investment is 1.091€ . Slowly we come to the area where it should be. I'm satisfied with NeoFinance* but noticed that there are more red loans. For now I don't count those as defaults, because there are repayments from time to time. In the following screenshot I compared January and February. Also I noticed that there are several discounted loans which fits my criteria available on the secondary market.

The platform calculated IRR dropped down to 12,17%. The reason is that NeoFinance adjusted their calculations.

At least the 91-270 days overdue loans I have to mark as questionable even though some of them might pay in the future. I think 30% of the capital is questionable in the current situation.

On March 31, 2020 the total investment is 1.103€ with an IRR of 12,59% (+0,15%).

At NeoFinance* there is bonus of 25€. If you use my link I get 5€ and 2% cashback for 2 months as a reward.

At Bondster* approx. 11€ interest increased the total investment to 1.069€. The dashboard IRR shows 12,98%, calculated IRR is 10,78% (+0,58%). Two weeks ago I did an interview with Jana Mücková where I tried to clarify some questions. 

Regarding COVID-19 Jana published a post which you can find here. In addtion several loan originators posted statements.

Bondster is a young platform so I'll put 30% of the capital as questionable as well.

End of March 1.079€ were invested and the IRR slighlty increased to 10,84% (+0,06%).

Similar to Mintos there is a 1% cashback after 30, 60 and 90 days at Bondster*. I receive 1% as well.

Mintos* is my second largest platform with 6.342€ and now 13,71% (-0,56%). Mintos gone nuts in February and especially in March. Because of investor's panic there are soooo much loans with heavy discounts available on the secondary market. In the next blog post I'll go more into detail on this matter.

Some interesting and worrying news in February/March:

• • Several new loan originators (Pinjam Yuk, DanaRupiah, SwissCapital, Mwananchi)
  • Increase of limit to 500.000€ for Invest & Access
  • Introduction of new loan type ‘Forward Flow'
  • Webinar with Martins Sulte
  • Status of loan originators regarding COVID-19
  • Pending payments in detail
  • Interest for pending payments
  • Revocation of the licences for Varks.am (Fink Armenia)
  • AlexCredit loans suspended from the primary/secondary market

Furthermore I can only recommend to follow the official Mintos blog for changes and also include the lender ratings from ExploreP2P in the selection of your loan originators.

Even if Mintos is one of my biggest platform I put 20% as questionable because I many short-term loans. For example several loans from Varks and AlexCredit.

In March the IRR made a massive jump because of the purchases on the secondary market. 1,34% more than in February and so the IRR is 15,05%. In addition to that I made several deposits of 665€ in total. New account value is 7.006€.

Mintos* stopped the cashback for investors. Only publishers like me receive onetime 5€ + 1% for 90 days.

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Questionable capital >=5%

And another change of plans at Crowdestate*. I couldn't resist and invested in one project. Now the total investment is 1.584€ (+108€). Because of a bigger interest payment of one project IRR is now 6,44% (+0,98%). As I mentioned in the last portfolio update the payments for the project Baltic Forest X were stopped until summer 2020. But there are also some good news because the Pärnu County Court approved Baltic Forest OÜ’s reorganization plan and also it's tradeable over the secondary market again since February 3, 2020.

To lower the withholding tax I sent all the necessary documents to Crowdestate.

Approx. 15% of my capital I put as questionable because of the Baltic Forest X project.

Because there was no suitable project I withdrew a little bit in March. Total investment is still 1.565€ with an IRR of 5,95% (-0,49%).

Unfortunately there is no affiliate link with cashback which I could forward to you. If you use my link*, I receive up to 17€ + 0,5% cashback for 60 days. As of April 1st, 2020 my reward will be 5€ + 1% cashback for 60 days.

 

IUVO is now at 11,58% (+0,07%) with an investment of 1.289€. IUVO or the loan originators don't pay interest on late loans. Therefore, there is a difference between the IRR and the return displayed in the dashboard (14,31%).  IUVO informed about the status of their loan originators too.

Marking 10% of the capital as questionable seems to be appropriate because of the amount of HR loans.

IUVO had the largest increase n volume. I added 1.053€, so in total 2.342€. IRR also made a jump to 12,90% (+1,32%) because I bought many discounted loans.

• • For IUVO there are two different offers. For the first you can contact me because unfortunately it has to be done manually and I have to invite you. You get up to 90€ for the start on the platform. 30€ are available for an investment of 1.000€, another 60€ for 2.500€.
  • With the 2nd offer (click on the banner) I get 5€ and had the idea to share my bonus of 200€ if you invest at least 2.500€ within 30 days and give away 90€. But unfortunately the collaboration with three parties (IUVO, affiliate network, me) doesn't work like expected.

With an IRR of 5,11% (+1,31%) the IRR increased compared to January at ReInvest24*. The total investment is still 395€. I really like the business model of ReInvest24*, although the funding of projects takes much longer than on other platforms. To lower the effort I will invest over EvoEstate in ReInvest24* projects. After a longer time there is a new project available.

I put 10% of the capital as questionable.

Two interest payments came in March, so IRR increased slighlty to 5,27% with 396,56€ invested

If someone wants to invest directly over ReInvest24* there is a 1% cashback (for me as well) in the first year.

 

Again I increased my total investment at EvoEstate to 3.598€ (+416€). IRR increases steadily to now 2,06% (+0,26%).  A few weeks ago I published a blog post about the project originators connected to EvoEstate. A good read is also the investors update Q4 from EvoEstate and the interview with CEO Gustas Germanvicius in the Lithuanian TV (English subs are available). But there are more good news. EvoEstate closed a 180.000€ funding round! Regarding the current situation Evoestate published statements from their project originators.

I put 10% of the capital as questionable because of the buy-to-let project.

On EvoEstate I was active on the SM in March. Nonetheless IRR is now 2,70% (+0,64%). Other than that only interests were paid. Total investment is 3.612€.

There are two different offers from EvoEstate:

• • 15€ as a start bonus on the platform with this link. You get the bonus after your first investment. For me there is 15€ too.
  • 0,5% cashback for 6 months with this link. It's interesting if you plan to invest >3.000€ within 6 months. For me there is 0,5% + one-time 5€.

 

At Bulkestate*. IRR is in February at 13,03% (+0,27%). At the moment the investment is approx. 319€. Also for Bulkestate I will give the platform a second chance. In March I invested in several new projects. I will update it in a few days

I put 10% of the capital as questionable.

End of March the IRR is with 12,38% (-0,65%) a little bit lower than in February. But 305€ were invested. New total investment is now 624€.

Unfortunately there is no bonus or cashback for new investors. I'll receive 1% cashback for 180 days if you use my link*.

 

On EstateGuru* I added another 303€ in February so the total volume increased to 2.413€. IRR is 8,08% (-0,39%). I tried to add new projects with monthly payments or payments every 3 months only to have a constant cashflow.

5% of the capital is questionable because I think EstateGuru is one of the safest platforms around.

I made a deposit of 415€ at EstateGuru in March so 2.828€ are invested in total with a slightly reduced IRR of 7,87%.

At EstateGuru* there is a 1% cashback for 3 months until April 30, 2020. I also receive the cashback and in addition 5€.

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Questionable capital 0%

In February I added Lendermarket* as a new p2p platform with buyback. The owner is Creditstar which some of you might know as a loan originator on the Mintos marketplace. At the moment the platform offers short-term loans from Spain and Poland but other countries will be added later on. The interest rate is 12% flat, but due to the current situation with higher risk it was adjusted to 14%. My initial deposit was 50€.

Because the platform is new and I only invested 50€ I won't put capital as questionable for now.

End of March I made a deposit of 272€ and the first interests were also paid. IRR is 2,89% with 322,27€ invested.

As of March 24, 2020 there is a cashback of 2% for every deposit until April 30, 2020. On top there is a 1% cashback for 60 days if you are using my link*. In total 17%! My reward is 5€ onetime + 1,5%.

I added Swaper* again to my portfolio in March. Mainly because they now offer 14% loans and 16% for VIP investors. In the past cash drag was a major problem. So let's see if it's better now.

Because I just have a few Euros invested I won't put it as questionable.

In March I made a deposit of 270€ to Swaper.

If you use my link* my reward is onetime 5€ + 2% cashback for 90 days.

PeerBerry* has now an IRR of 12,13% (+0,12%) with 629€ invested. So the second chance I gave the platform seems to be a good idea. No calculation errors so far. There are several Ukrainian loans with 15,5% on the platform. More important were the latest news that Aventus and GoFingo Group applies an additional group guarantee for loans issued by them. That's a nice decision I think. On top they published the key performance figures of the loan originators.

0% of the capital is questionable in my opinion.

635€ shows the dashboard at PeerBerry on March 31, 2020. IRR is 12,05% (-0,08%).

A while ago PeerBerry* introduced a loyalty bonus, but with high requirements

• • 0,5% for 10.000€
  • 0,75% for 25.000€
  • 1% for 40.000€

If you use my PeerBerry* link, I'll receive 5€ + 1% from investments for 60 days.

At Viainvest* I'm invested with 1.094€ and in February IRR is at  10,84% (+0,20%). The dashboard shows 11,56%. There were a lot of interesting and promising changes in the last time. First of all there will be a cooperation as a joint venture with Twino* called ‘VAMO'. The goal is to enter the Asian Pacific market and Vietnam as a first country. The other news is about loan originators. VIASMS.cz from Czech upgraded its lending product to a credit line and a new loan originator VIACONTO.ro from Romania with 12% was added to the platform.

0% of the capital is questionable in my opinion.

For Viainvest also interests were paid. 1.103€ is the total investment with an IR of 10,78% (slightly lower than in February).

For the start at Viainvest* there is a 15€ bonus. For this only 50€ need to be invested. I'm also rewarded with 15€ if you are register with my link.

 

Like Swaper* I added Twino* again to my portfolio in March. The now offer 14% loans which one reason. The other one is the cooperation with Viainvest* and the promising roadmap for the future. 

Because I just have a few Euros invested I won't put it as questionable for now.

I reopend my account in March and added 270€.

Here* you can register. I get onetime 5€ for that plus a cashback of 1% for 90 days on your investments.

Unfortunately this investment possibility is only for investors from Germany, Austria, France, Hungary, Ireland, Luxembourg and Switzerland (yet). I'm invested in a stock property (an existing building which is already rented) at Exporo* with 1.000€. The expected return is  4,5% and payments come in every quarter. 1.000€ are still invested and IRR is currently at 1,57% (-0,21%).

0% of the capital is questionable in my opinion.

I sold my investment for 1.005€ on the secondary market and shifted the money to the stock market. But that's the only investment.

Exporo* does also offers real estate development projects. Here everybody can invest. Maybe for diversification it’s interesting for you. There is also a chance that investments from Exporo are available on EvoEstate too soon.

By the way, Exporo* offers you 100€ as promo code (use ID 157135 during registration) for your first investment directly after registration. If you invest I receive also a 100€ promo code. 

 

Go & Grow

Go & Grow* I mainly use for a small part of my cash and will also use it for my side hustle and savings for insurance payments. Because of the withdrawals from time to time and the fee of 1€ IRR is at 5,37%. However, I do not want to miss the liquidity available here. In total 1678€ are invested, so I added another 707€ in February.

I put nothing of my capital as questionable.

The last platform is Go&Grow. In March there were some bigger expenses, so I withdrew a bit. IRR is 5,33% with 883€ left.

5€ are available for you at Bondora* right after registration. If someone wants to invest a larger amount, just send me a message because I get 5% of your investments and I share my bonus (2,5% for you).

Scams

   

End of February I had an appointment at the German criminal investigation department. The were really interested in the ‘person' of Mr Ganzin.

---

Affiliate/referral income

February

As I mentioned that I'll be more transparent regarding income of affiliate sources. You have seen that I write down what I get in return if you using my links. Furthermore I will update you here about my affiliate income in February. I haven't received it yet, under normal conditions I get it in the following months. But in total it's 65,23€ distributed over 10 platforms. I see a trend here that the ‘income' from my hobby gets less and less. And the current situation for sure won't change it for good.

Referral income I received from the following platforms:

• • Bondora: 1.209,75€
  • Grupeer: 0,60€

March

Referral income I received from the following platforms:

• • Bondora: 29,99€

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My thoughts and summary

A black swan arrived and for sure it will have an impact on the P2P and crowdlending industry. In my opinion we will see some defaults in the next months from projects but also platforms will disappear. Honestly Grupeers ‘fall' was a surprise for me. The default of Monethera not so much, but I had the hope I get out of it sooner. In the end the wheat will be sort from the chaff. Hopefully next week I'll publish another blog post were I'll describe what I do on each platform in detail.

Below you can find my distribution between the individual P2P / crowdlending classes for February. I created a P2B class which consists of Grupeer and Debitum Network at the moment.

• • 29,06% (-1,68%) P2P (Buy-back)
  • 31,49% (-1,79%) Crowdlending
  • 5,86% (-0,23%) P2B
  • 25,27% (+2,27%) P2B (Real estate)
  • 3,79% (+0,65%) P2P
  • 4,53% (+1,94%) P2P (Short-term)

February

March

• 33,66% (+4,60%) P2P (Buy-back)
• 30,46% (-1,03%) Crowdlending
• 5,70% (-0,16%) P2B
• 23,52% (-1,75%) P2B (Real estate)
• 3,66% (+0,13%) P2P
• 2,30% (-2,23%) P2P (Short-term)

I hope you find my summary interesting. I'm always open to constructive criticism and proposals. See you in April for the next portfolio update and some other blog posts!

---

Events

To make it short: The INVEST in Stuttgart was cancelled and moved to March 26/27, 2021.

And then on June 19 and 20 there is the P2P Conference*. In 2020 again in Riga. I don't know if the event will be cancelled too but I think it will be probably. If you plan to go there you can use my link* to buy tickets for the ‘show'. Using the code ‘investdiv‘ you get a discount of 20%.

For using my link* for the conference I get a 5-10% reward.

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Revolut -My account for p2p and crowdlending

Since I don't want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumbled upon Revolut*. Since then I use the app for all financial transactions in the area of p2p/crowdlending and also in business context as freelancer with Revolut for Business*.

After being sceptical at first I'm now a big fan of the app. The execution of transactions to the different platforms and also withdrawals is very fast. In addition  you can with the free Revolut* VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut* is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut* app. Also without fees (up to 6.000€ per month)!

Using my links for Revolut I get a reward of £2.00-3.00 for a standard card order. For Revolut for Business I get up to 66,35€.

---

About new projects on Twitter, Instagram and Facebook

On my own behalf, I would like to mention that I also present new projects on Twitter (kaph1016) and Instagram (invest diversified) in which I invest myself. Also on Facebook I have a page. There are also a few insights into how I invest in other areas. So just follow me :).

*Some links in my posts are affiliate or referral links. That means I get a little bonus. For each of those who use these links, however, there are no costs or other disadvantages. On the contrary, there is usually a start bonus or cashback. So if you use these links, you support my blog and for that I say thank you in advance!

Hi folks! Today I want to write about my journey and give you a portfolio update January 2020. Again it was a rough month with many bad and some good news, with rumors, facts, insights and new information. In the end I have to think more about my investment choices than it was planned in the beginning. Let's go!

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IRR-Ranking

Platform	IRR (%)	Changes to previous month (%)	Invested (EUR)	Changes to previous month (EUR)
TFGCrowd*	26,27	+ 6,21	709	209
Wisefund*	21,09	- 0,81	994	251
Viventor*	13,71	- 0,14	80	0
Mintos*	13,15	- 0,06	6274	1058
Boldyield	12,92	+ 12,92	0	-713
Bulkestate*	12,76	+ 0,29	165	50
NeoFinance*	12,15	+ 0,33	1079	13
PeerBerry*	12,01	+ 0,13	594	22
IUVO*	11,51	- 0,02	1277	13
Crowdestor*	11,04	+ 1,40	7965	1164
Viainvest*	10,64	+ 0,01	1084	10
Bondster*	10,20	+ 0,16	1058	10
EstateGuru*	8,47	- 0,48	2110	212
Bondora GG*	5,80	+ 0,12	977	123
Crowdestate*	5,46	- 0,49	1476	6
ReInvest24*	3,80	- 0,02	394	1
EvoEstate*	1,80	+ 0,83	3182	1002
Exporo*	1,78	+ 0,38	1000	0
Debitum Network*	0,00	0,00	100	0
Bondora*	-9,61	- 4,02	319
Grupeer	13,27	+ 0,05	1829	21
Monethera	21,35	+ 1,12	1643	98
Kuetzal	-105	- 105	0	1957
Envestio	-95,16	- 95,16	0	1563
	-4,77		34309	-1137

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Platforms

This time I want to start with the platforms which have the highest share in my portfolio because I think you get a better overview how I move my funds around so that it isn't too much cash drag on the platforms. Every withdrawal goes to my Revolut* account as central instance from which I also make my deposits. For the start I think nothing can describe January better than a picture. This was the start in 2020.

Hodor

7.965€ total account value is it on Crowdestor* in January. This means In invested another 1.164€. Finally IRR made a small jump and is now at 11,04% (+1,4%). Again due to a lot of interest payments. The average interest rate for my projects shown in the dashboard is  17,21%.

I don't invest in every project and focus more on the high-yield short-term projects. In January I invested in the following projects:

• • Fur processing company (II) (26%, 21 months)
  • Fertilizer Export Financing (II/III) (21%, 3 months)
  • E. Fon Trompowsky Quarter (II) (19%, 23 months)
  • Meat Chef in Old Town (14%, 18 months)
  • Renewable energy (53.19ha) (18%, 6 months)
  • Forestland investments (59 ha) (16%, 12 months)
  • Forestland investments (122 ha) (16%, 12 months)

With my Link* there is 1% on top for 180 days on your investment! I'm rewarded with 1% too.

Mintos* is my second largest platform with 6.274€ and now 13,15% (-0,06%). In January 1.058€ were invested. The period of lower interests seems to be over and meanwhile you can find up to 16% loans on the primary market.

Some interesting news in January:

• • Mogo now offers car loans from Albania
  • Vietnam short-term loans were offered by Sun Finance
  • Moneyboat, a UK loan originator, joined Mintos
  • Mikro Kapital added loans from Belarus
  • TASCREDIT from Kazachstan joined Mintos aswell

And I had the chance to test the beta version of the Mintos app for Android. Of course not that many functionality for now but it looks very smooth and is fast. Also I like the visualisations they introduced. Below you see some screenshots.

Furthermore I can only recommend to follow the official Mintos blog for changes and also include the lender ratings from ExploreP2P in the selection of your loan originators.

If you want to invest on Mintos* there is a 0,5% cashback on your average investment. It's calculated after 30, 60 and 90 days. I receive 5€ + 1%.

 

I invested a lot in EvoEstate in the last month and so in January. The aggregator platform is now third by volume. In total 3.182€. So I transfered 1.002€ to EvoEstate in January. IRR increase steadily to now 1,80% (+0,83%).  A few weeks ago I published a blog post about the project originators connected to EvoEstate. A good read is also the investors update Q4 from EvoEstate and the interview with CEO Gustas Germanvicius in the Lithuanian TV (English subs are available). But there are more good news. A few days ago EvoEstate closed a 180.000€ funding round!

There are two different offers from EvoEstate:

• • 15€ as a start bonus on the platform with this link. You get the bonus after your first investment. For me there is 15€ aswell.
  • 0,5% cashback for 6 months with this link. It's interesting if you plan to invest >3.000€ within 6 months. For me there is 0,5% + one-time 5€.

 

The 4th place by volume is reserved for EstateGuru*. Here I added 212€ in January so the total volume increased to 2.110€. IRR is 8,47% (-0,48%). I tried to add new projects with monthly payments or payments every 3 months only to have a constant cashflow.

At EstateGuru* there is a 0,5% cashback for 3 months. I also receive the cashback and in addition 5€.

1.829€ my account showed at Grupeer at the end of January and the calculated IRR is now 13,27% (+0,05%). So I changed nothing and just the interests were added and reinvested. In February my plan is to invest more.

Monethera is at 5th position as of now. Due to the recent events and the storm after Kuetzal and Envestio I want to decrease my investment in such platforms. I planned to sell my projects and pay the exit fee. Unfortunately (or thank god) Monethera suspended this feature temporarily. So I hope I can sit it out. Nonetheless I withdrew some of the money (98€) which was paid back. Total account value is now 1.643€  with an IRR of 21,35% (+1,12%).

Monethera's reaction was more communication and transparency, at least superficially. But I'm not satisfied because some answers are still very vague.

In January I continued withdrawing money at Crowdestate*. This time only the interests. There are now 1.472€ (-6€) invested. I didn't trade at the secondary market and the IRR is therefore now at 5,46% (-0,49%). As I mentioned in the last portfolio update the payments for the project Baltic Forest X were stopped until summer 2020. But there are also some good news because the Pärnu County Court approved Baltic Forest OÜ’s reorganization plan and also it's tradeable over the secondary market again starting from February 3, 2020.

Important news from December: Crowdestate will withhold tax for Italian projects.

Unfortunately there is no referral link with cashback which I could forward to you. If you use my link*, I receive up to 17€ + 0,5% Cashback for 60 days.

 

IUVO* is now at 11,51% (-0,02%) with an investment of 1.277€. IUVO* or the loan originators don't pay interest on late loans. Therefore, there is a difference between the IRR and the return displayed in the dashboard (14,28%). Because of fresh money and temporarily lack of new loands IRR decreased a little bit. By the way the platform cracked the 100 million in volume.

• • For IUVO* there are two different offers. For the first you can contact me because unfortunately it has to be done manually. You get up to 90€ for the start on the platform. 30€ are available for an investment of 1.000€, another 60€ for 2.500€.
  • With the 2nd offer (click on the banner) I would like to share my bonus of 200€ if you invest at least 2.500€ within 30 days and give away 90€. So if you're interested just send me a short message.

 

At Viainvest* I'm invested with 1.084€ (+10€) and in January IRR is at  10,64% (+0,01%). As a platform for diversification I can clearly recommend Viainvest and I will continue to invest here. Especially because you cannot find that much Swedish loans. The dashboard shows 11,55% by the way.

For the start at Viainvest* there is a 15€ bonus. For this only 50€ need to be invested. I'm also rewarded with 15€ if you are register with my link.

 

In January NeoFinance* IRR increased again to now 12,15% (+0,33%). The total investment is 1.079€ . Slowly we come to the area where it should be. I'm satisfied with NeoFinance* but noticed that there are more red loans. For now I don't count those as defaults, because there are repayments from time to time. In the following screenshot I compared December and January.

The platform calculated IRR dropped down to 15,63%.

At NeoFinance* there is bonus of 25€. If you use my link I get 5€ and 2% cashback for 2 months as a reward.

IRR climbs slightly again to 10,20% (+0,16%) at Bondster*  and now 1.058€ are invested. The dashboard IRR shows 13,02%. Bondster is an excellent alternative because it offers a variety of loans up to 14% from at the moment 12 loan originators. Some of the are also known from Mintos or Grupeer.

Similar to Mintos there is a 1% cashback after 30, 60 and 90 days at Bondster*. I receive 1% aswell.

 

Unfortunately this investment posibility is only for investors from Germany, Austria, France, Hungary, Ireland, Luxembourg and Switzerland (yet). I'm invested in a stock property (an existing building which is already rented) at Exporo* with 1.000€. The expected return is  4,5% and payments come in every quarter.

The awaited payment came in January but was much lower than expected (only 2,72€). 1.000€ are still invested and IRR is currently at 1,78% (+0,38%).

Exporo* does also offers real estate development projects. Here everybody can invest. Maybe for diversification it’s interesting for you. There is also a chance that investments from Exporo are available on EvoEstate too.

By the way, Exporo* offers you 100€ as promo code (use ID 157135 during registration) for your first investment directly after registration. If you invest I receive also a 100€ promo code. 

Like Monethera Wisefund* suspended the early exit feature for now. Also there was only one new project and several rumors about the 3rd party insurance company Best Treasure Limited. For now IRR is 21,09% (-0,81%) with 994€ (-251€) total investment. End of January  the Electronic devices stock purchase project paid back earlier than expected. So I withdrew the idle cash and the money which came back from the project and the interests aswell.

Again I had a call with Ingus Linkevics, fromer COO, now CEO of the Wisefund Finance OÜ and drill him with my questions. Next week a secondary market will be available due to him. It seems that there are fees for the buyer. Also the first round of buy-back requests will be processed.

Ingus confirmed that you can see Wisefund at the INVEST in Stuttgart and also at the P2P Conference in Riga.

Wisefund* offers  0,5% cashback for your investments within the first 270 days!

Go & Grow

Go & Grow* I mainly use for a small part of my cash and will also use it for my side hustle and savings for insurence payments. Because of the withdrawals from time to time and the fee of 1€ IRR is at 5,80%. However, I do not want to miss the liquidity available here. In total 977€ are invested, so I added another 123€.

5€ are available for you at Bondora* right after registration. If someone wants to invest a larger amount, just send me a message because I get 5% of your investments and I share my bonus (2,5% for you).

 

Next is one of my newly added platforms TFGCrowd*. Here you can find my short review/interview. Meanwhile my investment at the platform is 709€. Due to the early repayment of a project including several months of interests IRR made a huge jump to 26,27% (+6,21%). But that's only temporarily.
Kristaps digged out some serious stuff about their projects. Claus from p2p-kredite.com asked them and this was the answer:

Thanks for reaching out to us about the blog post.
I would like to give you my best possible answer to the risen questions.

Our priority is investor safety, which is also our reputation.

1. Referring to content that we feel is superfluous, short comments from us, without going into depth – Real Estate in Yacht Club is a private house building in the “Kapteinu Osta” area, but has nothing to do with company Kapteinu Osta SIA which Kristaps mentions in his blog.

2. Wardrobe company – has invested in manufacturing and is actively revving, as evidenced by the company's 2019 financials, Kristaps is based on 2018 outdated data. A promising and steady growing company that can be assured both on the website and in life.

3. Modern Compact Houses – Once the escrow account has been fulfilled, the money will be transferred to the borrower's account and secured by a first round mortgage on the property.

4. Real Estate in Cambridge and London – Properties are bought, collateral exists. In our website mentioned that TFGcrowd takes part in projects.

Our participation in projects is one of the conditions of our core business.
All our information is transparent and can be seen in currently active projects.

Articles like this or similar in the current situation are a classic phenomenon.

Because the answers of TFGCrowd were very vague I will withdraw the interests in the next month. I think we have to educate the platforms to more transparency!

However if you want to test the platform you can use my link. I get 20€ as a reward if you invest at least 100€.

 

PeerBerry* has now an IRR of 12,01% with still 594€ invested. I withdrew 21€ in January BUT there is a change of my plan…
Because of the current situation in the industry I will increase my investment again. There were reasons why I lowered my investment at PeerBerry but the calculations issues are fixed (at least the dashboard numbers are correct now). So I give it a try.

PeerBerry* introduced a loyality bonus, but with high requirements

• • 0,5% for 10.000€
  • 0,75% for 25.000€
  • 1% for 40.000€

If you use my PeerBerry* link, I'll receive 5€ + 1% from investments for 60 days.

With an IRR of 3,80% (-0,02%) nothing changed in January at ReInvest24*. The total investment is still 394€. I really like the business model of ReInvest24*, although the funding of projects takes much longer than on other platforms. To lower the effort I will invest over EvoEstate in ReInvest24* projects. 

A few days ago the platform wrote an email regarding the current status of the two apartment projects in Tallinn's tech hub. The selling price for the properties will be lowered now to sell the apartments faster.

If someone wants to invest directly over ReInvest24* there is a 1% cashback (for me aswell) in the first year.

For me the loan portfolio at Bondora* consists only of red loans, I sold all other loans after 4 years of investing. Through the recovery process I hope that something remains. Of course I could sell them with high discount, but I'm not reliant on the ~319€. Therefore, the money stays where it is for the time being. If you want to know why IRR is negative I count the not payed money as interest charge within Portfolio Performance.

I can't really recommend Portfolio Pro. If you stop putting in more money, the return drops very quickly into the basement. Although Bondora's* recovery process is one of the best in the p2p industry, there are plenty of alternatives.

 

Another project was paid back in January at Bulkestate*. IRR is now at 12,76% (+0,29%). At the moment approx. 165€ are invested. Also for Bulkestate I will give the platform a second chance but at the moment there are no new projects. Hopefully they come soon and with monthly payments.

Unfortunately there is no bonus or cashback for new investors. I'll receive 1% cashback for 180 days if you use my link.

 

Due to the recent events I thought about adding a new somehow established platform to my portfolio which was on my watch list for a longer time. And the choice was Debitum Network*. The platform serve asset backed business loans only. Interests are ‘lower' (7-8%) but including possible penalty fees (4,5-10%) it could be much higher in the end. My first investment was just 100€ and I'll test the platform in the next month.

If you also want to try out Debitum Network* you can use my link. If you invest 100€ I get a reward of 10€ and 2% cashback for 90 days.

The 80€ from November are still ‘invested' in January at Viventor*. As on Mintos, there is also no news regarding the Aforti loans at Viventor. IRR is at 13,71%. If you want to know why I left Viventor*. It's mainly because of the (bad) communication in the Aforti case. It's not about the platform itself, as you can see the IRR is very high.

If you want to invest at Viventor* unfortunately there is only a bonus of 5€ and 1% cashback for 30, 60 and 90 days for me as publisher.

The pawn sacrifice

It's a pity but Boldyield one of my newest platforms paused their business. In the end it's a strategic decision because the team around Edgars Mass know that the wouldn't survive the current situation in the industry. Especially not if other platforms will go south too. Below you can find the full statement. All my invested fund were transfered to my account including the acrued interets. So at the end IRR was 12,92%.

Fishy, scammy, runaways

Nothing new in the Kuetzal case. In total I lost 1.957€. I won't see the money again. At the moment I check together with other investors which legal steps there are to maybe get at least parts of it back.

Unfortunately my last withdrawal request cam too late. Envestio is gone too…Website down etc. In total I lost 1.563€. As for Kuetzal I was at the German police a few days ago and gave  them all the information about the suspects. Especially the person of Mr Ganzin is very interesting for the criminal investigation division.

And by the way I was at the address of Mr Ganzin in Germany and big surprise, nobody was there, no sign at the door bell plates and also the neighbors haven't heard of somebody called Ganzin and also haven't seen the person on the pictures.

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Affiliate/referral income

As I mentioned that I'll be more transparent regarding income of affiliate sources. You have seen that I write down what I get in return if you using my links. Furthermore I will update you here about my affiliate income in December. I haven't received it yet, normally I get it in the following months. But in total it's 301,92€ distributed over 9 platforms. But minus Envestio, because the won't pay anymore.

Referral income I received from the following platforms:

• • EvoEstate: 60€

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Outlook and summary

So my first loss is here. In total I lost approx. 3.520€ in Kuetzal and Envestio and ~9% of my P2P and crowdlending portfolio and ~3,1% of my overall portfolio. Will need some time to get back on track. You can see that I already began to shift funds more into real estate P2B platforms and also some sorted out platforms will get a second chance. 

Below you can find my distribution between the individual P2P / crowdlending classes. I created a P2B class which consists of Grupeer and Debitum Network at the moment.

• • 30,74% (-1,61%) P2P (Buy-back)
  • 33,28% (-7,22%) Crowdlending
  • 6,09% (+6,09%) P2B
  • 23% (+2,51%) P2B (Real estate)
  • 3,13% (-0,94%) P2P
  • 2,59% (+0,24%) P2P (Short-term)

I hope you find my summary interesting. I'm always open to constructive criticism and proposals. See you in March for the next portfolio update!

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Events

There are some events I plan to attend. In April (24/25) there is the INVEST in Stuttgart, Germany where a lot of platforms will be .

And then on June 19 and 20 there is the P2P Conference*. In 2020 again in Riga. If you plan to go there you can use my link* to buy tickets for the ‘show'. Using the code ‘investdiv‘ you get a discount of 20%.

For using my link* for the conference I get a 5-10% reward.

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Revolut -My account for p2p and crowdlending

Since I don't want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut*. Since then I use the app for all financial transactions in the area of p2p/crowdlending and also in business context as freelancer with Revolut for Business*.

After being skeptical at first I'm now a big fan of the app. The execution of transactions to the different platforms and also withdrawals is very fast. In addition  you can with the free Revolut* VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut* is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut* app. Also without fees (up to 6.000€ per month)!

Using my links for Revolut I get a reward of £2.00-3.00 for a standard card order. For Revolut for Business I get up to 66,35€.

---

About new projects on Twitter, Instagram and Facebook

On my own behalf, I would like to mention that I also present new projects on Twitter (kaph1016) and Instagram (invest diversified) in which I invest myself. Also on Facebook I have a page. There are also a few insights into how I invest in other areas. So just follow me :).

*Some links in my posts are affiliate or referral links. That means I get a little bonus. For each of those who use these links, however, there are no costs or other disadvantages. On the contrary, there is usually a start bonus or cashback. So if you use these links, you support my blog and for that I say thank you in advance!

Hi everyone! First of all happy new year! Hopefully everything wie go in the direction we hope. Furthermore I want to thank all blog readers, commentators, partners in discussion in the Facebook groups and followers on Instagram and Twitter. 2019 I met a lot of interesting people, had a lot of exciting discussions and learned a lot for myself. Really and I mean it that way. Thank you!!!

Today I want to share my Portfolio Update for December 2019 and sum up the year. December was…let's say turbulent. There were first impacts for some platforms, stumblingly loan originators, blocked secondary market trading and even a total failure of a platform. All that I want to write about in the following blog post. Let's start!

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IRR-Ranking

Platform	IRR (%)	Changes to previous month (%)	Invested (EUR)	Changes to previous month (EUR)
Wisefund*	21,90	- 0,30	1245	20
TFGCrowd*	20,06	+ 0,01	500	400
Viventor*	13,85	0	80	0
Mintos*	13,21	+ 0,08	5216	50
Bulkestate*	12,47	- 0,44	215	1078
PeerBerry*	11,88	+ 0,21	616	24
NeoFinance*	11,82	+ 0,23	1066	11
IUVO*	11,53	- 0,29	1264	130
Viainvest*	10,63	+ 0,01	1074	9
Bondster*	10,04	- 1,58	1048	261
Crowdestor*	9,64	+ 0,65	6801	1.293
EstateGuru*	8,95	+ 0,28	1898	318
Crowdestate*	5,95	- 0,28	1482	104
Bondora GG*	5,68	-0,22	854	496
ReInvest24*	3,82	+ 2,20	393	97
Exporo*	1,35	- 0,26	1000	0
EvoEstate*	0,97	+ 0,51	2.180	785
Boldyield*	0,00	0,00	700	586
Bondora*	-5,59	- 2,97	335	11
Grupeer	13,22	+ 0,06	1808	19
Monethera	20,23	+ 0,01	1741	500
Envestio	17,44	+ 0,18	1983	1
Kuetzal	18,80	0	1957	0
	11,05		35446	3613

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Platforms

This time I switch the order again and we start with the platforms with the highest IRR. By the way, that means not much more as also the risk is higher.  Bear this in mind. I also try to give a short assessment how I continue dealing with this kind of platforms. Meaning if I just leave it as it is, exit it or even increase my investments.

Wisefund is still at the top with an IRR of 21,90%. IRR will settle down to 18-19%. I'm invested with 1.245€ at the platform. For a longer time there was no new project (until yesterday) and one project paid back earlier than expected so approx. 250€ are not invested. Also deposits weren't possible for some weeks. The reason was an adjustment in the company structure. Furthermore several features like faster deposit possiblities were announced. Even if I know more I cannot say names but you know such solutions from Mintos etc.

I had the chance to have a call with Ings Linkevics,  fromer COO, now CEO of the Wisefund Finance OÜ and drill him with my questions. The interview back then you can find here.

CONCLUSION: 2020 I will keep investing at Wisefund, but in a moderate way.

As in the previous month Monethera is at the 2nd place with an IRR of 20,23% (+0,01%). My total investment there is 1.741€. And as you can see I've invested in December approx. 400€ in a short-term project with 5 months term.

Another news in December was the announcment of Monethera that they reached an agreement with the Hong Kong based company RICHLY PACIFIC INTERNATIONAL LIMITED. This allows a buy-back of 95% with a total volume of 3 million euro and is only for new project with a buy-back icon. More information you can find here.

Furthermore there are several project which raised question. Monethera reacted fast, but the answers didn't satisfied me completely..

CONCLUSION: I'll check every new project but for now I won't increase my investment and invest the repayments elsewhere.

Next is one of my newly added platforms TFGCrowd*. Here you can find my short review/interview. Meanwhile I'm invested with 500€ and invested in December in 4 more projects. One of it with referral income. IRR is almost the same with 20,06%.

If you want to test the platform you can use my link. I get 20€ as a reward if you invest at least 100€.

CONCLUSION: I'll increase my investment here, give that the projects are reasonable.

And now we come to the total failure. About Kuetzal I've already been writing in my last portfolio update and linked some information. Still we don't know all information but to make it clear Kuetzal is and maybe was from the beginng a total SCAM! Some of the projects are real, unfortunately they had either no contact at all with the platform or asked for funding but have not received money.

After the winter break the new ‘CEO' reacted like this.

All who asked got this message . Still I don't get what role Maksims Reutovs plays in this SCAM-construct. But in my opinion it's not more than delaying tactics. I'm investet there with 1.957€ and requested a buy-back (for 10% fee) in December. It's very unlikely that I get something of it back. That's why I removed all referral links as the topic became known. Again I can link to Jorgen Wolfs blog post, because it sums up the whole story part of.

CONCLUSION: I think I won't see the money again. At the moment I check together with other investors which legal steps there are to maybe get at least parts of it back.

First of all the numbers of Envestio. IRR increased in December slightly to 17,44% (+0,18%) and I'm invested with 1.985€. Interest are paid on time and withdrawals also work.

Withdrawals? Yes, I started to withdraw the money which came back. The reason is that the platform was sold to Arkadi Ganzin and the installement of the new COO Eduard Ritsmann. The last one is very communicative and obviously that's a positive development. But there is no way the answers he gave could convice me. If you think I'm too negative here's a very positive colored blog post of my Isreali blogger colleague. Nevertheless I continue withdrawing.

CONCLUSION: Withdrawing.

The 80€ from November are still ‘invested' at Viventor*. As on Mintos, there is also no news regarding the Aforti loans at Viventor. IRR stayed at 13,85%. If you want to know why I left Viventor*. It's mainly because of the (bad) communication in the Aforti case. It's not about the platform itself, as you can see the IRR is very high.

If you want to invest at Viventor* unfortunately there is only a bonus of 5€ and 1% cashback for 30, 60 and 90 days for me as publisher.

CONCLUSION: Only 80€ left and my investment will hopefully end soon.

Let's go on with better news. I'm invested with 1.809€ at Grupeer and the IRR is now at 13,22% (+0,09%). The fresh originator rating you can find here. In December two new loan originators joines the platform, also a third one in January. Looking good so far and I hope the development of Grupeer will go on in 2020 with the same pace.

CONCLUSION: The high-yielding loans are very interesting and for now everythin works like it should. I can imagine that I increase my investment here in 2020.

Again slightly behind Grupeer you can find the top dog Mintos*. IRR increased to 13,21% (+0,07%) with an investment of 5.216€. After the bad news in November, December looked way better. The interest level increase a little bit and there were 14% loans available on the primary market. As every month some new loan originators joined Mintos, change their company structure or offered loans from new countries. I can only recommend to follow the official Mintos blog for changes and also include the lender ratings from ExploreP2P in the selection of your loan originators.

If you want to invest on Mintos* there is a 1% cashback on your average investment. It's calculated after 30, 60 und 90 days. I receive 5€ + 1%.

CONCLUSION: 2020 I will continue investing on Mintos.

 

After the early repayment of a big project in November Bulkestate* still has an IRR of 12,47%. At the moment approx. 215€ are invested.

Unfortunately there is no bonus or cashback for new investors. I'll receive 2% cashback for 120 days if you use my link.

CONCLUSION: Hold, until I gave a thought to it.

PeerBerry* has now an IRR of 11,88% and overtake IUVO. A while ago I started to withdraw the repayments, which is very fast by the way. It will go on for a while because of the long-term loans.

PeerBerry* introduced a loyality bonus, but with high requirements

• • 0,5% for 10.000€
  • 0,75% for 25.000€
  • 1% for 40.000€

If you use my PeerBerry* link, I'll receive 5€ + 1% from investments for 60 days.

CONCLUSION: I continue withrawing and at some point the investment will end.

In December NeoFinance* IRR increased again to now 11,82% (+0,23%). Slowly we come to the area where it should be. I'm satisfied with NeoFinance* but noticed that there are more red loans. For now I don't count those as defaults, because there are repayments from time to time. In the following screenshot I compared November and December.

The platform calculated IRR is 18,45%.

At NeoFinance* there is bonus of 25€. If you use my link I get 5€and 2% cashback for 2 months as a reward.

CONCLUSION: For now I won't invest fresh money, because I want to see how NeoFinance delevopes over a longer period of time.

 

IUVO* is now at 11,53% (-0,29%) with an investment of 1.264€. IUVO* or the loan originators don't pay interest on late loans. Therefore, there is a difference between the IRR and the return displayed in the dashboard (14,28%). Because of fresh money and temporarily lack of new loands IRR decreased a little bit. By the way the platform cracked the 100 million in volume.

• • For IUVO* there are two different offers. For the first you can contact me because unfortunately it has to be done manually. You get up to 90€ for the start on the platform. 30€ are available for an investment of 1.000€, another 60€ for 2.500€.
  • With the 2nd offer (click on the banner) I would like to share my bonus of 200€ if you invest at least 2.500€ within 30 days and give away 90€. So if you're interested just send me a short message.

CONCLUSION: My plan in 2020 is to increase the investment slightly, because the platform delivers without problems exactly what I expect.

Almost the same IRR for Viainvest* in December with 10,63%. And so the platform overtook Bondster. As a platform for diversification I can clearly recommend Viainvest and I will continue to invest here. Especially because you cannot find that much Swedish loans. In November Viainvest* introduced a fresh design.

For the start at Viainvest* there is a 15€ bonus. For this only 50€ need to be invested. I'm also rewarded with 15€ if you are register with my link.

CONCLUSION: Moderate increase is planned!

I transfered 213€ in December to Bondster*  and now 1.051€ are invested. IRR fell to 10,04% (-1,58 ), which is because of the fresh money. Bondster is an excellent alternative because it offers a variety of loans up to 14% from at the moment 12 loan originators. Some of the are also known from Mintos or Grupeer.

Similar to Mintos there is a 1% cashback after 30, 60 and 90 days at Bondster*. I receive 1% aswell.

CONCLUSION: I'm planning to increase it slightly aswell. I like Bondster!

1.293€ I've invested on Crowdestor* in December and the total investment is now 6.801€! IRR increased to 9,64% (+0,65%) due to a lot of interest payments. The average interest rate for my projects shown in the dasboard is approx. 17%.

I dont' invest in every project and fokus more on the high-yield short-term projects. In December (and also Janary) I invested in the following projects:

• • E. Fon Trompowsky Quarter (19%, 24 mnths)
  • WarHunt – Mickey Rourke hired as one of leading actors (II) (18%+12%, 17 months)
  • Limp Bizkit – summer tour 2020 (21%, 9 months)
  • Fertilizer Export Financing (21%, 3 months)

With my Link* there is 1% on top for 180 Tage on your investment! I'm rewared with 1% too.

CONCLUSION: Favorite platform, said that before. Knowing the risks, which we no see better and also feel it, I plan to increase my investment in 2020.

I invested 303€ at EstateGuru* and in total 1.898€ are invested in 32 projects. IRR increase again slightly to 8,95%. (+0,28%). 

At EstateGuru* there is a 0,5% cashback for 3 months. I also receive the cashback and in addition 5€.

CONCLUSION: My investment at EstateGuru will be increased because the part of P2B (real estate) in my portfolio is still to low.

In December I continued withdrawing money at Crowdestate* and so there are 1.482€ (-104€) invested. I didn't trade at the secondary market and the IRR is therefore now at 5,95% (-0,28%). As I mentioned in the last portfolio update the payments for the project Baltic Forest X were stopped until summer 2020. Also you cannot trade the project on the secondary market anymore. Also some other projects have problems. Seems like a default will hit me.

Furthermore Crowdestate will withhold tax for Italian projects.

Unfortunately there is no referral link with cashback which I could forward to you. If you use my link*, I receive up to 17€ + 0,5% Cashback for 60 days.

CONCLUSION: Hold (because of long-term projects) and withdrawal of the repayments.

Go & Grow

The better product at Bondora* despite a cap of 6,75% is Go & Grow*. I mainly use it for a small part of my cash and will also use it for my side hustle and savings for insurence payments. Because of the withdrawals from time to time and the fee of 1€ IRR is at 5,68%. However, I do not want to miss the liquidity available here. In total 854€ are invested.

5€ are available for you at Bondora* right after registration. If someone wants to invest a larger amount, just send me a message because I get 5% of your investments and I share my bonus.

CONCLUSION: Without question I will increase my investment.

IRR is at 3,82% in December at ReInvest24*. Strong increase! One project was paid back and the available money I transfered to EvoEstate. Now 393€ are left. I really like the business model of ReInvest24*, although the funding of projects takes much longer than on other platforms. To lower the effort I will invest over EvoEstate in ReInvest24* projects.

If someone wants to invest directly over ReInvest24* there is a 1% cashback (for me aswell) in the first year.

CONCLUSION: Hold and withdraw repayments.

 

From month to month I like EvoEstate more. Hence I transfered another 753€ in December and now I'm invested with 2.180€ in 35 projects. Because interests are coming more regularly IRR is now at 0,97% (+0,51%). A few weeks ago I published a blog post about the project originators connected to EvoEstate. A good read is also the investors update Q4 from EvoEstate and the interview with CEO Gustas Germanvicius in the Lithuanian TV (English subs are available).

Meanwhile there are two different offers from EvoEstate:

• • 15€ as a start bonus on the platform with this link. You get the bonus after your first investment. For me there is 15€ aswell.
  • 0,5% cashback for 6 months with this link. It's interesting if you plan to invest >3.000€ within 6 months. For me there is 0,5% + one-time 5€.

CONCLUSION: I plan to increase my investment on EvoEstate heavily and started with that January already.

My second new platform in November was Boldyield*. Meanwhile the maritime transportation project with 12% is live and I'm invested with 500€. In total 700€ are invested on the platform. More information about Boldyield* you get in my interview. By the way all three available projects are still open for investments. On top interests are paid monthly from now on!

If your register through my link you receive a cashack of 0,5% for 6 months. I'm rewarded with 1%.

CONCLUSION: I really like the platform and the team. Also the projects are very interesting. Without question I will increase my investment on Boldyield*.

Unfortunately this investment posibility is only for investors from Germany, Austria, France, Hungary, Ireland, Luxembourg and Switzerland (yet). I'm invested in a stock property (an existing building which is already rented) at Exporo* with 1.000€. The expected return is  4,5% and payments come in every quarter.

The next payment should come end of the year. 1.000€ are still invested and IRR is currently at 1,35%. The next payment will come soon.

Exporo* does also offers real estate development projects. Here everybody can invest. Maybe for diversification it’s interesting for you. There is also a chance that investments from Exporo are available on EvoEstate too.

By the way, Exporo* offers you 100€ as promo code (use ID 157135 during registration) for your first investment directly after registration. If you invest I receive also a 100€ promo code. 

CONCLUSION: I'll check every new project, but so far there was not the right one for me.

For me the loan portfolio at Bondora* consists only of red loans, I sold all other loans after 4 years of investing. Through the recovery process I hope that something remains. Of course I could sell them with high discount, but I'm not reliant on the ~335€. Therefore, the money stays where it is for the time being. If you want to know why IRR is negative I count the not payed money as interest charge within Portfolio Performance.

I can't really recommend Portfolio Pro. If you stop putting in more money, the return drops very quickly into the basement. Although Bondora's* recovery process is one of the best in the p2p industry, there are plenty of alternatives.

CONCLUSION: I have to wait and see if something comes back through recovery.

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Affiliate/referral income

As I mentioned that I'll be more transparent regarding income of affiliate sources. You have seen that I write down what I get in return if you using my links. Furthermore I will update you here about my affiliate income in December. I haven't received it yet, normally I get it in the following months. But in total it's 321,98€ distributed over 9 platforms. But minus Kuetzal, because the won't pay for sure.

Referral income I received from on the following platforms:

• • Boldyield: 5,61€
  • Bondora Go & Grow: 250€
  • EvoEstate: 30€
  • IUVO: 120€
  • TFGCrowd: 120€

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Outlook 2020 & summary

PUH again! The great shadow of the Kuetzal failure lies over everything. Envestio doesn't exactly contribute to more sun either. It will definitely be an interesting 2020.

P2P / crowdlending will continue to play a role and I will specifically increase the investment. However, I will do a lot more research than before. This means that when I inform about new projects on social media, I at least believe that risk and return are in balance. Should you blindly follow my personal opinion? Of course not! I can't say it enough, please do your own due diligence!

Here is my distribution between the individual P2P / crowdlending classes:

• • 32,35% (-3,59%) P2P (Buy-back)
  • 40,50% (+0,16%) Crowdlending
  • 20,49% (+2,76%) P2B (Real estate)
  • 4,07% (-0,47%) P2P
  • 2,59% (+0,76%) P2P (Short-term)

I hope you find my summary interesting. I'm always open to constructive criticism and proposals. See you in February for the next portfolio update!

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Revolut -My account for p2p and crowdlending

Since I don't want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut. Since then I use the app for all financial transactions in the area of p2p/crowdlending and also in business context as freelancer with Revolut for Business*

After being skeptical at first I'm now a big fan of the app. The execution of transactions to the different platforms and also withdrawals is very fast. In addition  you can with the free Revolut VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut app. Also without fees (up to 6.000€ per month)!

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About new projects on Twitter, Instagram and Facebook

On my own behalf, I would like to mention that I also present new projects on Twitter (kaph1016) and Instagram (invest diversified) in which I invest myself. Also on Facebook I have a page. There are also a few insights into how I invest in other areas. So just follow me :).

*Some links in my posts are affiliate or referral links. That means I get a little bonus. For each of those who use these links, however, there are no costs or other disadvantages. On the contrary, there is usually a start bonus or cashback. So if you use these links, you support my blog and for that I say thank you in advance!

Hello everybody! 🙂 Welcome to my portfolio update in November 2019. Yeah I know it's already mid December but end of the year is a very busy time in my full time job. In November I could increase my total portfolio slightly. Still there is a lot shifting around between platforms. This time I want to change things a bit and start with the last place of the IRR ranking. Also I try to be more transparent and tell you what I got from affiliate income in November. Here we go!

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XIRR Table

Platform	IRR	Change in % to previous month	Invested	Change in € to previous month
Bondora*	-2,62%	- 2,95%	346€	9€
Boldyield*	0,00%	-	114€	14€
EvoEstate*	0,46%	+ 0,77%	1.395€	180€
ReInvest24*	1,26%	+ 0,18%	490€	-
Exporo*	1,61%	- 0,38%	1.005€	-
Bondora GG*	5,90%	-0,03%	358€	532€
Crowdestate*	6,23%	+ 2,85%	1.586€	9€
EstateGuru*	8,67%	- 0,75%	1.580€	5€
Crowdestor*	8,99%	- 0,51%	5.508€	748€
Viainvest*	10,62%	+ 0,16%	1.065€	10€
NeoFinance*	11,59%	+ 0,56%	1.055€	10€
Bondster*	11,62%	- 0,05%	787€	132€
PeerBerry*	11,67%	- 0,02%	640€	25€
IUVO*	11,82%	- 0,12%	1.134€	39€
Bulkestate*	12,91%	+ 12,76%	1.293€	78€
Mintos*	13,13%	+ 0,27%	5.166€	66€
Grupeer	13,16%	+ 0,06%	1.789€	19€
Viventor*	13,85%	+ 2,23%	80€	50€
Envestio	17,26%	+ 0,42%	1.983€	153€
Kuetzal	18,78%	-	1.730€	-
TFGCrowd*	20,05%	-	101,31€	1,31€
Monethera	20,22%	- 0,61%	1.241€	41€
Wisefund*	22,20%	- 2,81%	1.225€	95€
	~10,92%		~31.671€	966,31€

---

Platforms

For me the loan portfolio at Bondora* consists only of red loans, I sold all other loans after 4 years of investing. Through the recovery process I hope that something remains. Of course I could sell them with high discount, but I'm not reliant on the ~346€. Therefore, the money stays where it is for the time being. If you want to know why IRR is negative I count the not payed money as interest charge within Portfolio Performance.

I can't really recommend Portfolio Pro. If you stop putting in more money, the return drops very quickly into the basement. Although Bondora's* recovery process is one of the best in the p2p industry, there are plenty of alternatives.

Boldyield* is one of my new added platforms. For now there are two real estate projects available with 14/15%. The 3rd project will be one I'm really looking for – a maritime transportation project. Hopefully it will be live in 2019. I'm invested with 217€ at the platform. If you want to know more about Boldyield* there is an interview on my blog.

There is a 0,5% cashback offer for 6 months at Boldyield* if you use my links. My reward is 1%.

The next platform is EvoEstate*. Again I added some money (180€) to the platform and now 1.395€ are invested in 27 projects. As the first interest payments have alread arrived IRR is now 0,46%. The payments are all from  rental projects, almost all equity and development projects pay at project completion. Some weeks ago I published a blog post in which I take a closer look at all project originators connected via EvoEstate. Also the website is shown in a fresh design now. And still there are more features incoming like the mentionend margin trading.

EvoEstate* offers you 15€ for a good start on the platform. The bonus will be there after the 1st investment. I'm also rewarded with 15€.

1,26% is the IRR in November at ReInvest24*. Still 490€ are still invested. The increase came from monthly payments of two projects. And I'm waiting for the payment of another two which are (partly) sold already. Also a new project will come this or next week. Finally! As I mentioned several times I will invest over EvoEstate in the future.

If you want to invest directly through ReInvest24* the platform offers a nice cashback promotion with 1% cashback (for me too) in the first year!

The next payment should come end of the year. 1.000€ are still invested and IRR is currently at 1,61%.

Unfortunately this investment posibility is only for investors from Germany, Austria, France, Hungary, Ireland, Luxembourg and Switzerland (yet). I'm invested in a stock property (an existing building which is already rented) at Exporo* with 1.000€. The expected return is  4,5% and payments come in every quarter.

Exporo* does also offers real estate development projects. Here everybody can invest. Maybe for diversification it’s interesting for you.

By the way, Exporo offers you 100€ as promo code for your first investment directly after registration. If you invest I receive also a 100€ promo code.

Go & Grow

The better product at Bondora* despite a cap of 6,75% is Go & Grow*. I mainly use it for a small part of my cash and will also use it for my side hustle and savings for insurence payments. Because of the withdrawals from time to time IRR is at 5,90%. However, I do not want to miss the liquidity available here. 

5€ are available for you at Bondora* right after registration. If someone wants to invest a larger amount, just send me a message because I get 5% of your investments and I share my bonus.

IRR increased to 6,23% at Crowdestate* mainly because of selling on the secondary market. 1.586€ are invested in loans with 13,5-17%. Again I withdrew the interests. This could happen more often in the future. As mentioned in my last portfolio update the payments for the Baltic Forest X are stopped until summer 2020. Furthermore, the project can no longer be traded on the secondary market. Also other projects had some troubles. It seems the Crowdestate* have been sleeping in case of due diligence. My other projects have paid the interest as planned. Just for your information Crowdestate* also offers now projects from Romania. 

Unfortunately there is no referral link with cashback I can forward to you. I'll get up 17€ + 0,5% cashback for 60 days if you are using my link.

In November two new projects were added and I'm now invested in 28 projects at EstateGuru*. The IRR decreased slightly to 8,67%. As many projects pay the interest at project completion IRR will jump later on. For now I'm very satisfied because I have no defaults so far (knock on wood!).

At EstateGuru* there is 0,5% cashback for 3 months which I also get plus 5€.

I added 748€ to Crowdestor* in November and invested 500€ in a single project (Consumer Loan Portfolio Acquisition) with 24% for 12 months.
Because of that IRR is now at 8,99% but will jump for sure to 17% soon.

Finally the new UI design is live! Here are some impressions.

Why is the XIRR that low?  Now often the new projects have a slightly different structure, e.g. that the interests are accumulated and only payed after 6 months and so on.

Why did I increase the investment even further (compared to October)? My trust in the platform is really high and regarding the consolidation of platforms I would like to increase the share of crowdlending platforms. If you want to know more about Crowdestor, I recommend my interview. On the other hand, I would like to refer once again to the blog post by Georg from Crowdlendingrocks.eu. He has a very interesting Q&A with Janis and Gunars from Crowdestor with great insights on his blog.

With this link* you can get 1% on top for 180 days (1% for me aswell) on your investment!

The IRR at Viainvest* also increased slightly to 10,62%  and is moving closer to 11%. As a platform for diversification I can clearly recommend Viainvest and I will continue to invest here. Especially because you cannot find that much Swedish loans. In November Viainvest* introduced a fresh design.

For the start at Viainvest* there is a 15€ bonus. For this only 50€ need to be invested. I'm also rewarded with 15€ if you are register with my link.

IRR at NeoFinance* increased again to now 11,59% (+0,56%). I'm still happy with NeoFinance*, but it's now clear that there will be definitely some defaults. To be exact there are red loans but I won't count it as defaults for now because I've seen that they are paying from time to time.

The return calculated by the platform is now 18,44%. The deduction of 15% withholding tax is already incluced (can be reduced to 10% by the way).

NeoFinance* has a 25€ bonus for new investors. If you invest with my link I'll get 5€ + 2% cashback for 2 months.

I added 132€ to Bondster* and now 787€ are invested. As a result IRR dropped slightly to 11,62% (- 0,05%). I have planned to increase to a total of 1.000€ in December. In times of the 10/11% loans on Mintos, Bondster is an excellent alternative because it offers a variety of loans up to 14% from at the moment 12 loan originators. Some of the are also known from Mintos or Grupeer.

Similar to Mintos there is a 1% cashback for you after 30, 60 and 90 days at Bondster*. I'm also getting 1%!

11,69% (+0,55%) is the IRR on PeerBerry. All short-term loans have now expired and only long-term loans are left in the portfolio. These are then transferred bit by bit elsewhere, so that sooner or later I withdraw completely from PeerBerry. As mentioned above the divestment is mainly (but not only) due to the consolidation of my platforms. Also the interest level on PeerBerry is around 11,5% at the moment so there are plenty of alternatives. Maybe I come back next year, who knows?!

PeerBerry* has introduced a loyalty bonus even if the requirements are very high:

• • 0,5% for 10.000€
  • 0,75% for 25.000€
  • 1% for 40.000€

Using my PeerBerry* link I get rewarded with 5€ + 1% from investments for 60 days.

 

IUVO comes to 11,82% (-0,12%) at 1.134€ investment. IUVO or the loan originators do not pay interest on late loans. Therefore, there is a difference between the XIRR and the return displayed in the dashboard (14,13%). Furthermore, everything is nicely reinvested.

• • For IUVO there are two different offers. For the first you can contact me because unfortunately it has to be done manually. You get up to 90€ for the start on the platform. 30€ are available for an investment of 1.000€, another 60€ for 2.500€.
  • With the 2nd offer (click on the banner) I would like to share my bonus of 200€ if you invest at least 1.500€ within 30 days and give away 90€.  So if you're interested just send me a short message.

 

Bulkestate* made a huge jump to now 12,91% (1.293€). The reason was the early repayment of the Marijas Street project which should normally end mid March 2020. I received 77,32€ in interest. I will move the not invested money to other platforms but I don't know which one yet.

I'm not going to increase my investment in Bulkestate for the time being. Initially, I had considered investing in Bulkestate projects through EvoEstate. But that doesn't work out, which is why I leave my investment that way. So what is the reason? You can read about this in the EvoEstate – project originator overview blog post.

There is no bonus or cashback for new investors. Only I'll receive 2% cashback within 120 days if you invest through my link

Mintos‘* IRR climbs to 13,13% and 5.166€ are invested on the platform. In November I didn't withdraw any money. That's the good thing.

The bad news is that more loan originators are in trouble now. For Rápido finance the secondary market activities were suspended. The Aforti story still isn't over. On top of that the loans in Kosovo of the loan originators Iutecredit and Monego have no licence anymore!

Nonetheless Mintos is the biggest platform even if the have to be better in communicating such topics. What did I do? I adjusted my auto invests and excluded many loan originators and also won't add new originators like Creditter right away.

If you want to invest on Mintos* there is an offer where you get a 1% bonus on the average investment at the start on the platform. This will be charged after 30, 60 and 90 days. I'll get 12€ and also 1%.

I have 1.789€ invested at Grupeer* with an IRR of 13,13% (+0,03%). My funds were invested in some loans of the new originators. You can find the last month introduced originator rating here. Also there is stage 3 of the Impersky development project available and also a Swedish one. The Grupeer Santa is also a new campaign.

80€ are left on Viventor*. To be exact eight loans from Aforti  IRR therefore jumped in November to 13,85% (+2,23%). I moved the money to Bondster and EvoEstate. You may think why I leave. Mainly it's because of the communication in the Aforti case. It's not really about the platform itself because the return is nice!

I you want to invest on Viventor* unfortunately there is only a bonus of 5€ and 1% for 30, 60 and 90 days for me as publisher.

Now we come to one of the problematic platforms in November – Envestio*. First of all I have to say until now every project pays on time. Always there were some projects which are somehow shady if I digged deeper, but in most of them I just didn't invest.

In November there was a bigger change. The platform was acquired by the German business man Arkadi Ganzin. The Former COO Evgeniy Kukin is now general advisor and as new COO Eduard Ritsmann was introduced. You can read the official statement on the Envestio blog.

Digging deeper on the mentioned persons I have my concerns and I will now observing the situation on the platform. I'm not panicking and withdraw my money but I will not invest in new projects until things are clarified.

On the brighter side the raw numbers of Envestio look great. IRR increased to 17,26% (+0,42%) and I'm invested now with 1.983€. So I invested in two projects (before the acquisition was announced).

5€ are available as a bonus* at the start (100€ minimum investment) and also 0,5% cashback during the first 270 days. For me it's 5€ + 2,5%.

The 2nd even more problematic platform is Kuetzal. So I won't share my referral link until further notice.

Kuetzal's raw numbers look great, too. Still an IRR of 18,78% with 1.730€ invested. Like Envestio the team change significantly and the now former CEO Alberts Cevers was replaced by Maksims Reutovs. Upon request Alberts had a job offer he had to accept. Also some some other members vanished from the team site. I asked the new CEO and he answered that they are involved in a separate project but still working with Kuetzal.

As I'm writing this blog post ExploreP2P did again a great job and published this article about the Kuetzal project Alborg Petrol. To summarize it the company looks like a fake company and now the question is how could that be possible. Did Kuetzal do any due diligence? Other critical points Jørgen Wolf described in his blog post which you should really read before investing. At least Kuetzal will now invite an independent auditor to have a deeper look in it.

 

Also in November I added TFGCrowd* as a new crowdlending platform. It's for a longer period on my watchlist and finally I found time to made an account and invest into the first project. I also have a short review and interview with TFGCrowd which you might find interesting.

I already got the first interest payments for my project so the IRR jumps fresh of the start to 20,05%. I'm invested with 100€ in this project.

If you want to test out the platform you can use my link. I will receive 20€ as a bonus if you invest at least 100€.

Monethera stays at 2nd place with an IRR of 20,22% (-0,3%). My total investment is 1,241€. In an interview with CEO Andis Tauber you can get more information about Monethera. 

Same No. 1 like in October with an IRR of 22,02%. It will certainly decrease to 18-19%. I'm invested in all available projects with a total of 1.225€. For more information about the platform there is the interview with CMO Ingus Linkevics. I have high hopes in the platform and will increase my investments there in the next month.

Right now you cannot deposit money on the platform because they want to implement automatic payments. In the beginning it shouldn't take that long but there will be more features coming with that update which caused the delay. As I spoke with Ingus he explained me the situation. Wisefund is not happy about the delay but in the end there are several nice features for the investors. An official update will come soon.

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Affiliate income

As I mentioned that I'll be more transparent regarding income of affiliate sources. You have seen that I write down what I get in return if you using my links. Furthermore I will update you here about my affiliate income in November. I haven't received it yet. But in total it's 272,68€ distributed over 9 platforms.

 

Outlook & Summary

Puh…it was a memorable November I think with all the problems of the different loan originators, platforms and projects.

So buy-back p2p decreased slightly and crowdlending increased again a lot. Overall, the distribution now looks like this in November:

• • 35,94% (-0,37%) P2P (Buy-back)
  • 40,34% (+4.70%) Crowdlending
  • 17,73% (-2.94%) P2B (Real estate)
  • 4,54% (-0,20%) P2P
  • 1,830% (-1,19%) P2P (Short-term)

As seen in the IRR ranking the crowdlending platforms are of course at the top. And Crowdestor* will also line up there. I haven't thought it through completely but I think I will try to lower the share of consumer loans and invest more in the direction of asset-backed loans. So to be exact I plan to increase the share of real estate p2b in the next month with bigger investments in EstateGuru* and EvoEstate*. Let's see if I can do this like planned.

I hope you find my summary interesting. I'm always open to constructive criticism and proposals. See you in January!

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Revolut – My account for p2p and crowdlending

Since I don't want to transfer everything from my regular bank account to the platforms, I was looking for a simpler solution. A few months ago I stumpled upon Revolut.

After being skeptical at first I'm now a big fan of the app. The execution of transactions to the different platforms and also withdrawals is very fast. In addition  you can with the free Revolut VISA card with max. 200€ cash limit per month at an ATM. And that without additional costs!

In addition Revolut is my faithful travel companion. Since I also work abroad from time to time  I also looked for a way to simply exchange currencies. This is easily possible with the Revolut app. Also without fees (up to 6.000€ per month)!

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About new projects on Twitter and Instagram

On my own behalf, I would like to mention that I also present new projects on Twitter (kaph1016) and Instagram (invest diversified) in which I invest myself. There are also a few insights into how I invest in other areas. So just follow me :).

*Some links in my posts are affiliate or referral links. That means I get a little bonus. For each of those who use these links, however, there are no costs or other disadvantages. On the contrary, there is usually a start bonus or cashback. So if you use these links, you support my blog and for that I say thank you in advance!