The short month of February (although longer than usual) was not the best one for me. Both personally and financially. The stock market crash has cost me a pretty penny but I am not too worried for now. I added to my Royal Dutch Shell position but the stock has been on a tear the past couple of weeks costing me over 3k (on top of my other stockholding losses). At least I am not too worried since this is my long term holding yielding 7.8% from my average buying price. Now, it yields 8.3% and since I own the B class shares from Amsterdam the dividend is actually tax-free. That’s a pro tip that a stock analyst friend has shared with me. He also the one that urged me to buy more when the stock was at 23€ but I will not hold that against him (Also at 19.5€ and that seems to have been a good call for now.
Anyway, enough with my stock market rant, this is a p2p lending blog after all; I just wanted to vent a little about my losses.
I added 5,000€ to Mintos at the beginning of the month. I know that the new pending payment “feature” is terrible and is practically a way for investors to lose interest and that often loan originators take advantage of it (Although I have not found that to be the case I have read it for other people and I just wanted to make people aware and pay attention to it).
Profit from Mintos was 68.44€ and I should expect it to be around 100€ from next month once my new deposit starts working for me full time.
Very nice platform overall and is becoming my second favorite after Mintos. Yes, the rates are not the highest right now but: 1. 12% is not that bad, 2. At least you know what you get without flatuation, 3. Creditstar is a safe loan originator, and 4. Loan performance is good especially considering the fact that most loans are short term.
Profit from Lendermarket was at 16.51€
You can click here to sign up to Lendermarket and get a 1% bonus for any investment you make during the first 60 days.
To read my Lendermarket review click on this link.
Rates on Grupeer increased last month and there were many loans at 14%. Probably because of the higher rates offered at Mintos. Also, there were plenty of loans offering cashback.
Profit from Grupeer was at 11.33€
You can read my Grupeer review here.
This month I received €60 from the refer a friend program and kept them on the platform as usual.
I also got 6.02€ interest from ViaInvest.
Like last month, Crowdestor’s payment schedule differs on some projects and interest in not paid monthly but quarterly so, income is going to fluctuate a bit. Income was 3.29€ representing a 9% APY but again, this is to be expected during months that projects don’t pay interest.
You can sign-up here and get a 0.5% cashback bonus for any investment you make during the first 180 days on the platform. (the link is not working with ad-blockers)
Read my Crowdestor Review here as well.
FastInvest, Bondster, PeerBerry, Monethera, Bondora
FastInvest Interest Income: 3.28€
Bondster Interest Income: 0.73€
You can sign-up and receive 1% cashback for any funds you invest during your first 90 days. You also need to enter the promo code “P2PIncome” to be eligible for the offer.
PeerBerry Interest Income: 1.97€
Monethera Interest Income: 1.47€
You can click here to sign up to Monethera and get a 5€ bonus and a 0.5% cashback on any investment you make.
Read my Monethera review here.
Bondora Interest Income: 4.01€
I use this as a small savings account that you should not use any of their other products except go&grow since.
You can sign up here and receive a 5€ promo right after sign-up.
For the month of February 2020, I invested €5,060( €5,000 on Mintos and €60 from the referral bonus at ViaInvest), and the total return from interest, late fees, and secondary market transactions was €117.05 that represents a 3.33% increase from last month (€113.27).
Overall, my portfolio yielded 1.13% of the starting balance, which means around 15% annualized return. Of course, this is partly because the starting balance was lower than the current balance since I made a large deposit on Mintos. The total portfolio value has risen to €15,471.16.