Portfolio update October 2020

Hello dear friends of P2P investments! Today we review the previous month with the portfolio update October 2020. Enjoy 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 get started!

IRR ranking October

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.

As announced in August, my IRR at Crowdestate has slipped heavily into the negative due to the 368,57 € write-off. The Estera project is also under insolvency proceedings. The IRR at the end of October was -17,59% (-0,94%). I have deducted another almost 98 € from returns. There remain 871 € 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 October 195,75 € were still invested with an IRR of 7,90% (+0,30%).

Platforms with news

P2P (Buy-back)

In October there was no new calculation error. At least something! There were indeed even interest payments. So real ones, which are not ‘in transit'. 347,88 € (+4,38€) are invested with an IRR 15,56% (+8,64%). Will probably only be a temporary bounce.

Also, on the transparency front there is a little bit happening. Viventor recently adjusted the rating of the loan originators.

On October 31 exactly 75,13% of my capital is questionable, because of the money invested in Aforti Finance/Factor loans and pending payments. An increase of almost 30%…

If you want to invest in Viventor*, there is unfortunately no bonus or cashback I can offer. Only I as a publisher receive 1% cashback for 30, 60 and 90 days.

Crowdlending

Quite a lot has happened on my Crowdestor account. First there was 114,90€ in interest in October. That alone is quite respectable, in my opinion. I also announced the secondary market the previous month and a lot has happened here. I was quite active there and was able to make ‘book profits' of 1.367,93 €. In total, with interest a big plus of 1.482,83 €! I entered this in Portfolio Performance as interest, which is certainly debatable. But as a deposit I would also find it not quite correct. The important thing is that these profits are only realized when the corresponding projects are successfully completed. Otherwise, I will have to make write-off consequently. By entering it as interest the IRR sprints to 22,40% (+14,29%) with a total investment of 15.692€! For the Limp Bizkit project there was also a possibility to vote on the further procedure. The new ‘Voting' area will be used for further projects in the future.

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! I'm rewarded with 1% too.

P2B (Real estate)

In October, the Tallinn's tech hub project generated capital growth income of 11,22€. The IRR then rose to 20,80% p.a. (+7,88%) with invested 321,52€. A review together with an interview with Viktorija Bondarjonoka can be found here. I am currently testing the announced secondary market extensively. There will be a blog post in the next days.

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 news in October on Lendermarket, besides that I made a deposit. In September, I linked to a blog post of Kristaps Mors who denounced the missing audit, reads quite interesting! The IRR is 16,71% (-1,63%). Lendermarket itself shows me 13,90% with 454,58 € investment.

Because the platform is new and I only invested 50€ 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%.

Mintos ran like this in October. Interest income with 74,38 € was higher than in the previous months. 7.474 € is my total investment at the end of October with an IRR of 14,10% (-0,21%). As interest rates are now lower, the IRR will decrease to around 12% in the near future.

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 20% are questionable, because some loan initiators are now under pressure and I sometimes have smaller positions here.

Mintos* stopped the cashback for investors. Only publishers like me receive onetime 5€ + 1% for 60 days.

IUVO continued to run on autopilot in October with an investment of 2.512 € at an IRR of 13,71% (-0,05%). 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. There are some 12% loans available again at the moment. The IRR in October is 13,49% (-0,71%) with invested 912€.

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 October at Swaper. 289,47€ are with an IRR of 12,53% (-0,23%).

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.

At Viainvest, too, I have hardly had to intervene in the last few months. The IRR in October was 11,69% (-0,06%) with invested 1.279€.

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 October is Twino. Here, 10,89% (+0,11%) of the invested 410,89€ 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€.

The number of my Polish loans from Mikrokasa with 60+ days delay remains almost unchanged in October. However, repayments continue to come, albeit very small. 1.144€ is my investment here with an IRR of 10,90% (-0,09%).

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 1,5% + 5€

Crowdlending

In October, TFGCrowd projects were also repaid, but this time I'd withdrawn a few Euros. I announced this in the last portfolio update. 1.069€ are currently invested and the IRR is 22,51% (+0,21%).

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

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 6,65% (+0,18%) at the end of October for a total investment of 299,69€.

Like Debitum it's a new platform for me and you invest in business loans as well. So 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 October a few projects were taken away again. 1.125 € are invested in 22 projects. The IRR increases to 13,93% (+0,57%). There is no 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€.

Also, at EstateGuru the delays are increasing a little bit. But I am not worried here, because the recovery works excellent so far. My account shows 3.406€ in October with an IRR of 8,38% (+0,01%). Interest payments on a monthly basis are not only stabilizing, but are now really taking off.

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. 4.480€ are currently invested in 62 projects with an IRR of 3,32% (+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 do not (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 October 1.192€ are invested in NeoFinance and the IRR is 14,28% (-0,16%). I do not 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 September and October.

The return calculated by the platform is now 13,13% 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 6,73%. However, I do not want to miss the liquidity available here. The total investment is 1.626€.

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 balloons

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 14,97% (+0,93%) in October. My AI setup is 13-14%.

If you are interested in the platform, you can use my link* to get a 5€ bonus. I'm rewarded with 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, 235,82€ are invested there with an IRR of 17,93% (+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 October 51,50€ is my investment on the platform with an IRR of 11,27% (+0,39%).

There is a 25€ bonus until November 30, 2020 if you use my Moncera link*. To get the bonus you have to enter the code FB34OG3 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. On the positive side returns of 20-30% p.a. are possible. So it's a high risk test balloon! In October 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. 1,739,03€ in total in October, 1.367,93€ 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 October. I haven't received it yet, under normal conditions I get it in the following months. But in total it's 72,90€ from five platforms. By the way, I didn't see one penny from TFGCrowd, except on the dashboard. I'm curious when this will be paid out. Officially the offer ended on November 11, 2020.
 Referral income I received from the following platforms:

• • Quanloop*: 0,14 €
  • PeerBerry*: 100,20 €
  • ReInvest24*: 1,98 €

Summary

October was great in terms of the numbers. 371,10€ interest payments, with the Crowdestor secondary market profits even 1.739,03€. Of course, it will only become clear at the end which of the profits are real. But the 300€ mark was broken again. So all good!

Distribution by P2P/Crowlending classes

Below you can find my distribution between the individual P2P / crowdlending classes for October.

• • 31,69% (-1,40%) P2P (Buy-back)
  • 37,74% (+2,82%) Crowdlending
  • 1,17% (-0,18%) P2B
  • 21,72% (-0,86%) P2B (Real estate)
  • 3,04% (-0,11%) P2P
  • 3,46% (-0,20%) P2P (Short-term)
  • 1,18% (-0,07%) Sonstiges (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 December.

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 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 nothing at the moment. Previously I got reward of £2.00-3.00 for a standard card order. For Revolut for Business I'd get up to 66,35€. Reason is that Revolut pausing their affiliate programs.

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!