This month I am writing to you from my summer vacation home on the island of Serifos. For me, it is one of my favorite places in the world and one of the most relaxing ones I can think of. I am displaying some pictures as well since I wanted to give this income report a more personalized feel to it. Let me know what you think of that by the way. I visited the island now because I needed to do some cleaning and maintenance of the house for the guests that will be arriving shortly and make sure that everything is functioning properly before the Airbnb guests arrive. You can also see the view from my place below. I think that just writing form here inspires. The beautiful beaches, swimming in the clean seawater, and some seafood is just what I needed during this challenging period (work wise).
Now enough with the personal stuff and let’s get down to the investing part. I invested a total of €400 split between Mintos and Grupeer. Since I read many people complaining online about the processing time for Grupeer to deposit payments to our investor accounts, I decided to do a small experiment. When I woke up on the 19th of June at 7:30 am, I made the transfers at the same time. The one to Mintos cleared the same day in the afternoon which was pretty impressive, and the one to Grupeer cleared the next morning. So I honestly don’t know what the fuss is all about, its one day to transfer money from a different country which I thought was fast and more than reasonable. Yes, Mintos’s time was better and very impressive, but I can’t complain about the one-day deposits either. Anyway, let’s move on to the actual returns.
I will start with Crowdestor this month since I negotiated a special promotion with them so my readers can enjoy a 0.5% cashback promotion after any investment made during your first 180 days on the platform. I am incredibly excited about this offer since as far as I have seen, this is the only p2p lending blog that has this offer for its readers. Profit from Crowdestor was €5.3, which translates to a monthly yield of 1.32% from the starting balance of approx. €400. Since only interest is paid monthly, I am calculating the yield only from the funds I have invested in projects and not idling cash.
Mintos’s rates went up for yet another month, and I just couldn’t resist making another deposit and purchasing some of these Mogo 16% loans. So a €200 deposit was made. I also received a small amount from the cashback campaigns Mintos was running along with some loan originators. Including these, I got €50.73 profit, which translates to a monthly yield of 0.96% from the starting balance of approx. €5,300. Not a bad return but it still slightly underdelivered.
I figured I should take advantage of Grupeer’s cashback campaigns as well and decided to add to my position for this month as well. They are still running some cashback campaign, so make sure to take advantage of them yourself if you want to boost your returns and like the platform. Profit from Grupeer, including the cashback campaign, was €10.43, which translates to a monthly yield of 1.27% from the starting balance of approx. €818.
Payments on Kuetzal are pretty consistent, and they are the same every month, and since the loan performance remains on-point, I didn’t have any surprises there. They are still running some pretty generous cashback campaigns along with my promo code if you are interested in starting with them yourself. Profit from Kuetzal was €4.27, which translates to a monthly yield of 1.41% from the starting balance of approx. €301. Since only interest is paid monthly, I am calculating the yield only from the funds I have invested in projects and not idling cash.
Investment amount = Cash-back:
1,000€ to 4,999€ = 1%
5,000€ to 9,999€ = 1,5%
10,000€ to 24,999€ = 2%
25,000€ to 49,999€ = 2,5%
50,000€ and more = 3%
This offer is available only during this summer (01.06.2019 – 31.08.2019).
That is on top of the 0.5% cashback that you get for the first 6 Months by registering through my affiliate link and the 15€ free towards your first investment using coupon code “P2PINCOME”.
Same situation here as Kuetzal and since all project payments consist of only interest and payments are made on time the income from here is relatively consistent as well. Unfortunately, no new projects were introduced this month, but I read that they have a big deal coming up, and many loans are coming to the marketplace shortly. Profit from Envestio was €7.32, which translates to a monthly yield of 1.39% from the starting balance of approx. €523.
I made €30 from the refer-a-friend program this month as well which is excellent on its own. I really hope that you are enjoying this platform as well guys! This month ViaInvest increased their rates to a flat 11% for all loans. Before the had loans yielding 9% which I am not sure who was buying them since they are all originated by the same mother company. Anyway, I will still stick with Latvian and Polish loans which were the ones yielding 11% in the first place since if you invest in Swedish or Spanish loans, you have taxes withheld from interest payments and have to upload a tax certificate for that not to happen. So I will avoid the hassle and just invest in loans from these countries. Profit from ViaInvest was €2.22, which translates to a monthly yield of 0.77% from the starting balance of approx. €287.
Nothing special from PeerBerry this month and profit from this platform was €2.29, which translates to a monthly yield of 0.89% from the starting balance of approx. €256.
Nothing special from FastInvest this month either and profit from this platform was €2.89, which translates to a monthly yield of 1.10% from the starting balance of approx. €258.
Bondster is actually kind of a surprise because at the beginning I was not a huge fun of the platform, but now things are turning since it was actually the second best performing platform in my portfolio (P2B not included) only to Grupeer, but Grupeer had an unfair advantage because it was running the cashback campaigns this month. Profit from Bondster was €1.16, which translates to a monthly yield of 1.14% from the starting balance of approx. €101.52.
For the month of June 2019, I invested in 3 different platforms a total amount of €430 (including the bonus from ViaInvest), and the total return from interest, late fees, and secondary market transactions was €86.58 that represents a 1.71% decrease from last month (€88.09) and my portfolio yielded 1.05% of the starting balance which means a 12.61% annualized return. It is a little less than last month but very decent nonetheless.