August

Portfolio Update September 2020

Another month another platfrom I will not invest anymore. Last month I decided to tighten my portfolio and stop investing on 7 platforms. This month I am fed up with Mintos. As long as nothing happens on the funds in recovery, I will not invest in new loans.

PlatformIncomeBalance
DoFinance * 14,75 € 10.764 €
Iuvo* 8,36 € 4021 €
Bondora 100,75 € 11.387 €
Mintos* 176,73 € 17.403 €
Twino 39.43 € 4.543 €
Auxmoney* 2,58€ 363 €
Fellow Finance* 16,9€ 2.361 €
Finbee* 32,58 € 3.183 €
Estateguru* 17,3 € 1.888 €
Lenndy 20,3 € 2.940 €
Swaper 73,98 7.308 €
Peerberry* 40,52 6.865 €
Sum 544,21€ 73.026 €
*Platforms where I not invest in new loans currently.

-20% interest from last month. Mostly due to the “stuck” money on Mintos, IUVO (10k lying around without interest) and the 10k withdrawal on Mintos.

I will mention only platforms where I am actively investing or something mentioning happened.

Mintos

Not much to say about Mintos, I am disappointed and I will stop investing until the issues are resolved. I was able to withdraw 11k from Mintos and my Recovery / Total Invest Ratio looks really bad now. Absolutely nothing has happend to fund in recovery in the last month. There´s a ask Mintos anything session ahead about funds in recovery on 22.10. I´m looking forward to it.

Do Finance:

In September I received 14,75€ interest on Do Finance and around 400€ of loan Repayments. I was able to withdraw 500€ my total invest is now 10.743! Makes me laugh that they still mention their buyback everywhere.

Auxmoney:

Already made a post about my Auxmoney time. Just a few € every month. I will remove Auxmoney from the table next month.

Fellow Finance:

Interest of 16,9€ from Fellow Finance and I was also able to withdraw another batch of 500€.

Twino:

Twino ran smooth throughout the whole Corona Crisis. I got 39.43 € in interested and will deposit more funds this month.

Bondora:

Wrote already a post about the situation on Bondora a week ago. I will remain as investor on the secondary and the G&G. No positive returns on the primary market possible.

Finbee:

Just keeps running despite the crisis. I think a will have to take another look at this maybe I will restart investing. Interest of 32.58 €.

Lenndy:

Lenndy also runs like a clockwork, though many loans are late, but that was also the case before the crisis.

Peerberry:

I mentioned in my month summary from August that I will not invest anymore with loans at 9%. Yet I kept my Auto Invest at 11%+ and all my money got invested. If Peerberry can keep this interest level I will remain.

My takeaways:

It´s interesting how some small and non buyback platforms have gone through the crisis. In the Sepember Volumes the biggest losses are for Mintos and Bondora. While Twino, Swaper, Finbee Peerberry have restored or even increased their volume. Considering the high amount of interest Finbee delivered in the last months, I will rethink my decision to leave.

Have a nice week!

Matt

Do Finance Update

As you might know Do Finance is my #1 when it comes to troubled platforms. Therefore everything related to it has my attention.

What has happend since my last post ?

Do Finance released two new blog post since my initial report.

Post #1: “As most of investors are requesting small amounts every other day and costs of transactions is very high, we changed the minimum amount from 10 EUR to 30 EUR.”

Does not bother me much, as due to my investment amount, my payouts are larger. What bothers me more is the portfolio overview they released. Of 3,356 Millions in loans, only 683 are current, 80% overdue and most of it 91+. Additionally in Poland is almost every loan 91+ Late

Post #2: Was a general post on the COVID Situation in Indonesia and Poland. Considering the fact that we have already a second COVID wave rolling, it´s news from yesterday…

In a nutshell they ramp up the Indonesia market but no high hopes for Poland. I wonder how short term loan financing is done in Poland currently. At least the online market is completely dead. Are people financing loans in pawn shops ?

My Account:

In September I got 449.46€ ~ 4% of my total assets! Another 25 MONTHS if we continue that pace. 14€ were profit interest, I do not expect to receive any late interest fees.

I tried to make a payout let´s see if that works ;-). Have you paid out anything lately and if yes how long did it take ?

As long as money keeps flowing monthly I will stay optimistic!

Have a nice Weekend!

Matt

August

Portfolio Update August 2020

Welcome to my first portfolio update. Almost a month late but I made it at least before September ended.

One reason to start this blog was to keep track record of my portfolio! To be honest I was lazy in the last years. I did regular updates only once a year and did not spend time on platforms which ran well.

The last number I had in my mind was from Jan. 2020 around 120k € with 40k on Mintos. I knew I had withdrawn a huge amount, but to my own surprise I dropped even below 100k€.

I will cover platforms I exited in first place. The other will get a separate post.

PlatformIncomeBalance
DoFinance 14,95 € 11.125 €
Iuvo 43,36 € 4.016 €
Bondora 105,95 € 11.387 €
Mintos 276,73 € 28.403 €
Twino 46.43 € 4.543 €
Auxmoney 4,57€ 380 €
Fellow Finance 19,3€ 2.356 €
Finbee 32,2 € 3.183 €
Estateguru 19,2 € 2.029 €
Lenndy 27,3 € 2.917 €
Swaper 83,36 7.660 €
Peerberry 71,02 6.815 €
Sum 744,37€ 84.814 €
Withdraw almost 40% of my P2P assets within the last 9 Months

744,37€ interest for August I can almost pay my rent with P2P income. Which was one of my initial goals.

Why exit on Platforms ?

It is difficult to keep track of more than a dozen portfolios, just like owning too many stocks. My initial reason was diversification and to some extend bonus hopping.

There are platforms like Auxmoney, Finbee, Fellow Finance which I left years ago, however the process is still ongoing and will take many years.

Furthermore platforms which I consider solid but are too time consuming or just to not offer the minimum interest I want. Like Estateguru and Peerbeery.

And some platforms where I just want to get my money out like Do Finance and IUVO.

Fellow Finance:

A solid finish platform, I stopped investing in 2019, I wasn´t happy with the returns and the effort loan search is too much. No Buyback, initial investment about 14.000€. Just running out.

Auxmoney:

Already made a post about my Auxmoney time. Just a few € every month.

Do Finance:

Covered in my first blog post. Still in with 10k € hoping to get them out, somehow. “Buyback” is no Buyback, nothing more to say

Estateguru:

A solid platform, yet stopped investing. Not enough projects for me to invest. I always had the problem that money was lying around. Just as example right now 3 Open Projects.

Finbee:

A solid platform with good returns, though investing took a lot of time, exited since July 2019.

IUVO:

A platform I would not recommend. In general every platform operating on the polish market is problematic. I´ll probably do a separate post on the situation at IUVO.

Peerberry:

Not much to complain about Peerberry. Risk/ Reward does not work for me with new loans from 9% – 10%. If rates are back to 12% I will consider investing again.

So 7 of 12 are out. A good start for a cleanout, my portfolio was a mess. After Marie Kondo left, Bondora, Mintos, Twino, Lenndy and Swaper remain, maybe also Peerberry if interest rates rise again.

Bondora and Mintos are question marks for me. On Bondora I have my doubt´s that positive returns are possible beyond Go&Grow. On Mintos I wouldn´t invest in anything without consulting P2P Explorer Ratings.

Where should the money go ?

With all the withdrawn money, the questions arises “Where shall I invest ?” I will not follow the P2P Crowd and invest in Lendermarket like many P2P blogs. Yes, the 2% Promo is attractive but the last time I made purely promo based investments was Do Finance, which did not work well. I will try out Lendermarket later with a small amount.

Where do you invest money in the current P2P and Stock market situation ?

Have a nice week!

Matt