Hello everyone! Thanks for stopping by again. Today we have a penultimate review this year with the P2P Portfolio Update November 2020. Happy reading!
As usual, I would like to start with the IRR ranking and then take a closer look at the individual platforms. Next it's time for the problem platforms and how I define them exactly. Then comes the Portfolio Performance interest overview, my affiliate/referral income and my change(s) for the P2P/crowdlending classes. Let's start!
Table of Contents
IRR ranking November
There is a small change in the calculation of the IRR. Until now, I had always used the period of one year. So for example the month November from 30.11.2019 to 30.11.2020. But this leads logically at some point to the fact that values are falsified, because they fall out of the period. I have now selected the 01.07.2017 as the start date, as this is where I started tracking my P2P investment.
Platform | Initial investment | IRR (%) | Invested(EUR) | Change previous month (EUR) |
|---|---|---|---|---|
19.07.2017 | 13,46 | 7540 | +66 | |
30.10.2017 | 10,73 | 429,64 | +18,,75 | |
09.11.2017 | 6,77 | 1638 | +12 | |
14.05.2018 | 12,52 | 941 | +29 | |
31.07.2018 | 13,04 | 2544 | +23 | |
11.08.2018 | 11,87 | 292,88 | +3,41 | |
01.02.2019 | 9,43 | 3459 | +53 | |
14.02.2019 | 13,25 | 1206 | +14 | |
20.02.2019 | 10,83 | 339,43 | +17,19 | |
21.02.2019 | 12,46 | 348,31 | +0,43 | |
21.03.2019 | 8,12 | 15632 | +3 | |
30.03.2019 | 10,54 | 1152 | +8 | |
12.04.2019 | 11,36 | 1292 | 13 | |
17.05.2019 | 7,19 | 1225 | +100 | |
20.05.2019 | -10,46 | 868 | -3 | |
31.07.2019 | 3,39 | 4594 | +114 | |
Wisefund | 12.08.2019 | 11,62 | 1034 | +2 |
04.11.2019 | 22,80 | 1090 | -21 | |
31.01.2020 | 7,94 | 125,44 | -70,31 | |
15.02.2020 | 17,39 | 461,91 | +7,33 | |
20.02.2020 | 6,76 | 301,48 | +1,79 | |
04.05.2020 | 15,68 | 54,72 | +0,64 | |
19.05.2020 | 19,06 | 239,84 | +4,02 | |
29.05.2020 | 0,53 | 556,58 | +2,24 | |
22.07.2020 | 10,90 | 180,95 | +129,45 | |
30.11.2020 | 3,52 | 47546 | +572 |
Platforms
Since the September update I've changed the order of the platforms a bit to bring the relevant information to the fore.
Platforms with ‘problems'
As ‘platforms with problem platform' I define all platforms I'm not satisfied with as well as those where the ‘red flags' shine brighter than usual, and I'm therefore on the retreat.
Somehow I rejoiced too soon again. Because on Viventor there is again no real progress. It was already known that the platform was acquired by the own loan provider Atlantis Financiers or Lotus 597 B.V. (part of the Gielen Group), which stands behind it. These loans are extended further and further. It also came out that CEO Andrius Bolšaitis is no longer with Viventor. On top of that I noticed that interest suddenly slides back into ‘funds in transit' and the account value changes so blithely. Absolute no go! This is the end of Viventor for me and I withdraw everything possible. There was nevertheless meager interest payments in November. 350,72 € is the total investemt with an IRR of 12,46%.
At Crowdestate other problems are on the horizon, this time (again) the Baltic forest project. Somehow I thought now I can smoothly get out of the platform, but it seems it isn't that easy. But still I'm continuing withdrawing my money. The IRR at the end of November was -10,46% with 868,25 € on the account.
I already wrote more about Wisefund in the August portfolio update. The Action Group can be found here and the corresponding Telegram group. Meanwhile, the platform is every which investors participate on the Action group and block their withdrawals as a consequence.
At Debitum Network my withdrawal is progressing. At the end of November 125,14 € were still invested with an IRR of 7,94% (+0,04%).
Platforms with news
P2P (Buy-back)
On Mintos the interest income was with 66,67 € lower than in the previous months. 7.540 € is my total investment at the end of November with an IRR of 13,46%.
The biggest news since the last update is certainly the successful crowdfunding campaign on Crowdcube. Here, Mintos was able to raise a whopping 7,2 million € from over 7.000 investors! The campaign was part of a larger fundraising round. The blog article about it can be found here.
Another news was the renaming of the buyback guarantee to buyback obligation. This was long overdue in my opinion, as the word ‘guarantee' has always created false expectations.
Last but not least, Kredo and Tigo are now part of Mogo. So adjust auto-invest!
I can only recommend taking a look at the official Mintos blog now and then and also taking into account the ExploreP2P loan originator rankings when selecting them.
Even if Mintos is one of my largest platforms, still have 19% are questionable. Namely all pending payments.
Mintos* stopped the cashback for investors. Only publishers like me receive onetime 5€ + 1% for 60 days.
Crowdlending
Last month there was the voting for the Limp Bizkit project. The result was quite clear. As expected, a large majority of investors voted for the option to pay out 90% of the principal immediately. Through my secondary market activity I have bet exactly on this. Ergo, the whole thing was a complete success!
Regarding the pure numbers I have to row back a bit. So far I had noted these secondary market profits as ‘book profits' and entered them in Portfolio Performance as interest, together with the real interest. This is still an approach, but it really distorts the result too much or creates a false expectation. So I changed this retroactively and entered these gains as a normal deposit. Nevertheless, there were just under 70 € in real interest in November and also again about 40 € through the secondary market.
The account value at the end of November was 15.632 € with an IRR of 8.12% (due to the change of the calculation period as well as the changed booking of the secondary market gains).
Still, I put 50% of the capital as ‘questionable' (regardless of the ~30% late projects) because of the corona pandemic which will have a massive effect on tourism and restaurants.
With my link* there is 1% on top for 180 days on your investment! My reward is 1% too.
P2B
In the case of the Irish SME financing platform Linked Finance, projects continue to pay back diligently, both interest and principal. Portfolio Performance shows me an IRR of 6,76% at the end of November for a total investment of 301,48 €.
Unfortunately, there will be a small change as of January 1, 2021, when fees or negative fees of 1.25% p.a. will be charged if more than 5.000 € cash is uninvested in the account or the investor has not been invested in a new project for three months.
Because I invest in business loans with Linked Finance I put 30% as questionable.
Linked Finance has no affiliate or referral program. At least I don't know about it.
P2B (Real estate)
In November again the interest payments were quite good and in addition to that the secondary market feature was released for all investors. The calculated IRR is 10,83% with invested 339,43€. A review together with an interview with Viktorija Bondarjonoka can be found here. And you can read here more about my test of the secondary market.
I consider 10% of my investment as questionable, as ReInvest24 is still a young platform.
If someone wants to invest directly over ReInvest24* there is a 10€ bonus. I receive 1%.
Platforms without relevant changes
P2P (Buy-back)
No relevant news in November from Lendermarket. The IRR is 17,39%. Lendermarket itself shows me 13,93% with 461,91 € investment.
Because the platform is new and I only invested a few euros I won't put capital as questionable for now.
On the platform there is a chance to win one of five iPhone 12 Pro. On top, you get 1% cashback if you are using my link*. In total up to 15%! My reward is 5€ onetime + 1,5%.
IUVO continued to run on autopilot in November with an investment of 2.544 € at an IRR of 13,04%. There is nothing more to report.
Marking 10% of the capital as questionable seems to be appropriate because of the amount of HR loans.
- For IUVO there are two different offers. Unfortunately the referral program is extremely unattractive since a few days. For the first you can contact me because unfortunately it has to be done manually, and I have to invite you. You get 20€ to 150€ depending on your investments. 1% are available for an investment of >2.000€, 1,5% for >3.500€.
- 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. Investment, not deposit 🙂 Unfortunately I cannot offer sharing the bonus any longer, to put it politely because some people making life difficult for me.
PeerBerry also continues to run without problems. The IRR in November is 12,25% (-0,71%) with invested 941€.
Also, very solid platform which I have in my portfolio for over two years. Due to the additional group guarantee, I don't think my investment is questionable as of today.
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.
There was absolutely nothing to report in November at Swaper. 292,88€ are invested with an IRR of 11,87%.
Because I just have a few Euros invested I won't put it as questionable for now.
If you use my link* my reward is onetime 5€ + 2% cashback for 90 days.
Everything is the same at Viainvest, it runs absolutely noiselessly. The IRR in November was 11,36% with invested 1.292€.
In my opinion Viainvest is quite solid and so 0% of my capital is questionable.
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 register with my link.
Another platform where no intervention was necessary in November is Twino. Here, 10,73% of the invested 429,64€ are booked.
Because I just have a few Euros invested I won't put it as questionable for now.
Here* you can register. If you invest 100€ we both are rewarded with a bonus of 15€.
As a surprise the number of my Polish loans from Mikrokasa with 60+ days delay decreased a lot in November. I'm curious to see if the trend continues. 1.152€ is my investment here with an IRR of 10,54%.
Bondster is a young platform, so I'll put 30% of the capital as questionable as well, because of the loans from Poland.
There is a 1% cashback after 30, 60 and 90 days at Bondster*. I receive 2% .
Crowdlending
In November, TFGCrowd projects were also repaid, but this time I'd withdrawn a few Euros. I announced this in the last portfolio update. 1.090€ are currently invested and the IRR is 22,80% (+0,29%).
Still, I see it as a high risk investment. So 90% of my investment are questionable.
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€.
P2B (Real estate)
In November, I invested in a few projects. 1.225 € are invested in 22 projects. The IRR increases to 7,19% because the majority of the projects are full bullet. There are no real news about the delayed projects Aleksandra Apartments I and Briežu Street II yet.
I think about 9% of the capital is questionable, because of the two delayed projects and because I do not know how well the recovery is working.
If you use my link* I'll receive 1% cashback for 180 days and one-time 5€.
It seems that the delays of the last months are decreasing again. My account shows 3.459€ in November with an IRR of 9,43%. The interest payments had a new record with >50€.
I don't consider my invested capital to be ‘questionable'. So far EstateGuru has always ensured recovery.
At EstateGuru* there is a 0,5% cashback for 3 months. I also receive the cashback and in addition 5€.
At EvoEstate I try to reach the 100 projects step by step. 4.594€ are currently invested in 73 projects with an IRR of 3,39% (+0,07%). I expect interest payments to increase accordingly in the coming months. One project, in which I was unfortunately not invested, was repaid with >28,5%!!! instead of the expected 12%.
Although, EvoEstate is still one of the younger platforms. Interest payments on some rental projects have also started again in some cases. Therefore, I don't (any longer) consider my capital to be questionable.
For EvoEstate there is a 0,5% cashback for 6 months with this link*. I get 0,5% too and one-time 5€.
P2P
With NeoFinance, things are also running smoothly so far, the red credits are at least no longer being used. At the end of November1.206€ are invested in NeoFinance and the IRR is 13,25%. I don't count the red credits as defaults so far, since they do make a payment from time to time. The manually selected loans have very strict criteria. I try to check in 1-2 months whether this change is crowned with success. The following screenshots show a comparison of October and November.
The return calculated by the platform is now 12,94% after an adjustment of the calculation. There is a deduction of 15% withholding tax (can be reduced to 10% by the way).
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.
NeoFinance* changed and lowered their offer too. There is 1% cashback for you and me for 90 days.
P2P (Short-term)
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 6,77%. However, I do not want to miss the liquidity available here. The total investment is 1.638€.
I don't think my investment here is in question. Bondora has enough leverage.
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).
Test ballons
Strictly speaking, I added Quanloop to my portfolio as a test balloon in April. Also, I did an interview with them. I'm only invested with 54,08€ and the IRR was 15,68% (+0,71%) in November. My AI setup is 13-14%.
If you are interested in the platform, you can use my link* to get a 5€ bonus. My reward is 2,5% cashback.
API
With my 3rd test balloon, which I started in May I want to test it again and try to invest with very strict criteria via the Bondora API. For this I had a virtual sub-account created so that I could track the results. Currently, 239,84€ are invested there with an IRR of 19,06% (+0,89%).
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).
I recently introduced the platform and was also able to conduct an interview with CEO Dmitri Pavlov. Due to the close relationship with the Placet Group, only loans from this loan originator are listed there. The Placet Group is also available as a loan provider for Mintos, but today it has 2% less interest. In November 180,95€ is my investment on the platform with an IRR of 10,90% (-0,37%).
Moncera extended the bonus campaign. Until December 30, 2020 you get a 25€ bonus if you use my Moncera link*. To get the bonus you have to enter the code TC0G28D during registration! And there are a few more requirements which you can find here. I will receive 1% on all deposits made by you in the first 60 days. This also supports my blog, so I want to say thank you in advance!
The British platform AxiaFunder offers investing in an area I haven't seen before because they offer investing in litigation cases. You can find an interview with CEO Cormac Leech at explorerp2p.com. Very worth reading! My investment is £500. Yes, that's the minimum investment and a lot. You have to bring some capital with you in order to have proper diversification. The same is also possible for a total loss and even a loss of more than the invested money. There may even be a margin call already in the new year. On the positive side returns of 20-30% p.a. are possible. So it's a high risk test balloon! In November again a bit negative due to currency effects.
If AxiaFunder is an interesting platform for you, I would be happy if you use my link*. My reward is 20€ + 3% of the investment.
Portfolio performance income
This is the earnings view of Portfolio Performance. Flat 405€ in total in November, 40 € of that are ‘book profits' from secondary market transactions at Crowdestor.
Affiliate/referral income
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're using my links. Furthermore, I will update you here about my affiliate income in November. I haven't received it yet, under normal conditions I get it in the following months. But in total it's 25,02€ from three platforms.
Referral income I received from the following platforms:
- Quanloop*: 0,18 €
- PeerBerry*: 20 €
- ReInvest24*: 9,50 €
- Twino*: 15 €
Summary
November was a good month! I received 405 € in interest, including the approx. 40 € secondary market profits at Crowdestor. Thus, I was able to crack the 300 € mark again. Now let's see what December brings! 🙂
Distribution by P2P/Crowlending classes
Below you can find my distribution between the individual P2P / crowdlending classes for November.
- 31,99% (+0,30%) P2P (Buy-back)
- 37,26% (-0,48%) Crowdlending
- 0,99% (-0,18%) P2B
- 22,09% (+0,27%) P2B (Real estate)
- 3,05% (+0,01%) P2P
- 3,45% (-0,01%) P2P (Short-term)
- 1,17% (-0,01%) Misc. (AxiaFunder)
I hope you found my summary interesting as always. I am always open for constructive criticism and suggestions. Follow me on Instagram. There I post not only about P2P and crowdlending, but also about stocks, dividends and options. So have a look! We will read about the next portfolio update in January.
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. Meanwhile, I use Revolut for over a year, and I'm really happy with it. 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.
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 (investdiversified) 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!