It’s about time I share my monthly income from investments for August 2020! This was another month without dividend income, so this update will be only about peer to peer lending.
We’ll take a look at how all of my investments in P2P lending performed last month and go over noteworthy events for each platform, in case there were any.
On a personal note, please let me apologize for being late with my monthly update. My wife and I went to Rome, to spend some time with my grandma and part of my family. We figured we should go right away, while travel is still possible (as who knows, nowadays…).
Anyway, let’s get to the numbers!
P2P Lending Income – August 2020 Overview
| Platform | Income | IRR | Invested | Value |
| Iuvo Group | 24,44€ | 13,65% | 1.857€ | 2.670€ |
| Mintos | 137,63€ | 13,01% | 9.005€ | 10.538€ |
| Bondora G&G | 13,13€ | 6,67% | 2.901€ | 3.148€ |
| Crowdestor | 48,38€ | 9,47% | 6.200€ | 6.744€ |
| Viainvest | 23,54€ | 12,00% | 2.500€ | 2.688€ |
| Lendermarket | 29,86€ | 13,07% | 3.000€ | 3.280€ |
| EvoEstate | 0€ | 0,92% | 630€ | 633€ |
| Mintos I&A | 0,86€ | 10,68% | 133€ | 235€ |
| Swaper | 0,28€ | 13,66% | 0€ | 0€ |
| Total | 278,12€ | 26.226€ | 29.986€* |
*includes 110€ profit withdrawal (Swaper) and 60€ exit fee (Wisefund)
Lessons learned along the way
| Platform | Invested | Value | |
| Envestio | 2.807€ | 0€* | |
| Monethera | 1.028€ | 0€* | |
| Grupeer | 2.825€ | 0€* | |
| Total | 6.660€ | TBD* |
My Monthly Income (Total)
- Total Investment Income (Aug. 2020): 278,12€ (-36,16€)
With this amount, I’m currently at 18,54% of my goal, which is 1.500€ monthly income from investments.
I received no dividends from my two ETFs in August, as the next distribution will likely be this month or in early October.
Ok, let’s take a look at my P2P platforms one by one.
Iuvo Group
- Income (Aug. 2020): 24,44€ (-3,15€)
- IRR: 13,65%
- Invested since: 05.10.2018
As was announced the month before, Iuvo Group initiated legal action against the loan originator KFP (now CBC), by submitting a letter of claim to the court in Poland, in order to recover the originators outstanding payments to investors.
Personally, I have 428,6€ worth of outstanding CBC loans, so I’ll keep you updated on the situation.
Mintos
- Income (Aug. 2020): 137,63€ (+45,39€)
- IRR: 13,01%
- Invested since: 27.09.2018
At first glance, this was the best earning month for me on Mintos.
However, my pending payments (which have now been split up into the two categories Pending Payments & In Recovery for more clarity) increased by 871,82€ compared to the month before.
Like many other investors, I’m not too happy about the percentage of my Mintos portfolio that’s currently in recovery and with the progress Mintos has made on getting that money back so far.
At the same time, I do understand that the pandemic is making this process a lot harder, due to many different protective laws being in place in affected countries.
I’ll reserve my judgement for a couple of months from now. Hopefully the situation will have normalized by then.
Bondora Go & Grow
- Income (Aug. 2020): 13,13€ (+1,32€)
- IRR (incl. withdrawals): 6,67%
- Invested since: 01.09.2018
I believe Bondora has been handling the last couple of months very well, especially compared to some other platforms.
As a result, I added 1.000€ to my Bondora Go & Grow account on August 25th.
- You can get a 5€ Bonus on Bondora when you sign up via my link.
Crowdestor
- Income (Aug. 2020): 48,38€ (-71,42€)
- IRR: 9,47%
- Invested since: 03.04.2019
I seem to have celebrated Crowdestor‘s comeback a bit too soon in my last monthly update.
Since then, I’ve noticed a lot of late interest and loan repayments in my account. Considering how hard businesses have it currently, I don’t consider that a big issue in itself, but I think the platform has a lot of room for improvement regarding communication (eg. when there is a delay) with investors via its official Facebook group and via e-mail.
Hopefully Crowdestor will add a function to easily see which loans are late on its platform soon, instead of having to check each one individually to find out.
There is also at least one loan where there could be some issues with the borrower, so I’m a bit more cautious as far as business loans and Crowdestor are concerned for now. I will likely only add more funds to other platforms for now.
Viainvest
- Income (Aug. 2020): 23,54€ (-4,64€)
- IRR: 12,00%
- Invested since: 11.10.2019
I don’t have anything special to report on regarding Viainvest, other than me being satisfied with how they have been performing over the past couple of months.
The VIA SMS Group, who provides all the loans on Viainvest, has always been very transparent about the company’s annual reports, which is a big reason why I like the platform.
Since the audited financial statement for 2019 was still missing, I reached out to Viainvest. They told me they’re waiting for the signatures from auditors, but the report should be ready soon.
Lendermarket
- Income (Aug. 2020): 29,86€ (+1,09€)
- IRR: 13,07%
- Invested since: 21.11.2019
No major news in August. I’m happy with my investment on Lendermarket and it already looks like my income from the platform will be substantially higher in September. But more on that next month.
In Q2 2020, the Creditstar Group generated a net profit of 1,066 million euros, according to its Q2 2020 interim report, which you can read here. It’s great to see that they’re able to remain profitable in the midst of the pandemic.
Apart from that, Lendermarket just launched a 2% cashback campaign for both new and existing investors, valid from September 15th until October 31st, 2020. Here are the exact terms.
And, if you’re new to the platform, you get an additional 1% cashback on all your investments on Lendermarket after 60 days when using my link to sign up. According to the support team, the two campaigns can be combined!
Swaper
In early August, after receiving my last interest payment, I fully withdrew my remaining funds from Swaper.
A few days ago, Swaper finally published its annual report for 2019 on its website. You can read it here if you’re interested.
I’m not planning to add the platform back to my portfolio for now, as I don’t think it currently offers anything special over my other investments. I’ll reconsider this decision in a few months.
That’s it!
I hope you’re doing well! Thank you for taking the time to read my latest monthly update.
Also, I’d love to know what you’d like to see more of. I’m a bit ashamed that my last articles have ‘just’ been monthly updates.
Would you like more videos about ETFs, a deeper look at specific platforms, more interviews with successful investors or something else? I’d love to get your feedback in the comments!
You might find this interesting:
- Current P2P Lending Bonus and Cashback Offers (September 2020)
- Over 560.000€ at 23 Years Old!
- TradeStation Global: Interactive Brokers vs. Degiro for ETFs
- How To Buy ETFs – My Investment Strategy
- My Entire Investment Portfolio
- How To Track Your Investments In P2P Lending
Video Of The Article
Subscribe
Valuable Resources
- My Investment Tools
A list containing all my investments in P2P Lending, the brokerage accounts I use to buy ETFs, my speculative investments in Bitcoin and my free bank accounts. It even includes the tools I use for blogging and YouTube. - P2P Bonus Offers
A collection of all the best, currently available bonus and cashback offers in the P2P lending space. Regularly updated.
Disclaimer: Investing involves risks of losses. You should always do your own research before investing into anything. Also, some of the links are affiliate links, which help support me, the website & YouTube channel. I only link to services I use myself, none of them are sponsored.
Hello Angelo!
Roma, one of the most amazing cities I ever visited. Excellent choice you’ve made.
Stay all safe 👍🙂
Hi Angelo,
I would appreciate your insight regarding following 2 platforms:
1. Viainvest
Boring is good.
However, no financials for 2019 yet (last one available H1 2019), they were quite regular in the past. They are preparing a bond issue and have to do a due dilligence, no news on the platorm or ViaSMS about the status.
2. Lendermarket
Monthly income seems random and not correlated to loan book cashflows from investors. Hard to prove, however it does not seem very convincing that it is related to underlying loans, rather to the the Creditstar/Lendermarket internal policies.
Thanks
Hey Angelo!
Can you explain why you don’t have the “auto-transfer” option enabled on Bondora?
Honestly and without any kind of Schadenfreude, your “Lessons learned along the way” are such a heavy setback imo. Do you still feel P2P is the right path to financial freedom? It will take such a long time (roundabout 2 years) to recover from the losses. And who knows which plattform will fail next? I feel more and more that this might be an expensive path to financial freedom.
I fear that there will be more leasons learned to follow. On Crowdestor the big drama is already starting and I have no high hopes that mintos amounts in recovery will actually recover someday…
Dear Angelo, thank you very much for your insights. As I am on the same path to financial freedom I am able to feel your way, also you re bit ahead 🙂
Wishing you all the best for the future and hopefully a lot more of those blogposts about your personal statement an figures! Keep up the great work!
Regards,
imo it is bcs of refferal bonus. Angelo don’t want mix refferals income and platform income