It’s time for my monthly income update, this time for November 2020.
Yes, your eyes are not deceiving you, I’m finally publishing it in the beginning of the month, where it belongs!
As usual, I’ll show you the detailed performance of my investments in P2P lending, discuss all noteworthy events that took place and you’ll get to see all of my accounts as of December 1st, 2020.
P2P Lending Income – November 2020 Overview
| Platform | Income | IRR | Invested | Value |
| Iuvo Group | 25,30€ | 13,49% | 1.857€ | 2.746€ |
| Mintos | 82,32€ | 12,69% | 8.437€ | 10.233€ |
| Bondora G&G | 17,13€ | 6,68% | 2.901€ | 3.200€ |
| Crowdestor | 32,44€ | 8,90% | 6.200€ | 6.855€ |
| Viainvest | 27,23€ | 12,22% | 2.500€ | 2.770€ |
| Lendermarket | 37,30€ | 13,77% | 3.000€ | 3.402€ |
| EvoEstate | 0€ | 0,62% | 730€ | 733€ |
| EstateGuru | 0,75€ | 3,50% | 500€ | 502€ |
| Mintos I&A | 0,50€ | 10,34% | 96€ | 200€ |
| Total | 222,97€ | 26.221€ | 30.691€* |
*includes 110€ profit from Swaper (exited) and 60€ exit fee on Wisefund
My Monthly Income (Total)
- Total Investment Income (Nov. 2020): 222,97€ (-240,47€)
I didn’t receive any dividends from my ETFs in November, as the next distributions should take place this month or in January. That’s why my income was quite a bit lower last month.
If we just look at P2P lending though, the difference is only 15,12€ compared to the month before, with November also being one day shorter.
My Monthly Income (Average)
Over the last 9 months, I earned a total of 3.127,45€ from my investments in P2P lending and from dividends via my ETFs.
That translates to an average of 347,49€ per month.
With this average, I’m at 23,17% of my monthly ‘passive’ income goal, which is 1.500€/month.
That being said, let’s have a look at all my peer to peer lending platforms one by one.
Iuvo Group
- Income (Nov. 2020): 25,30€ (-0,44€)
- IRR: 13,49%
- Invested since: 05.10.2018
Iuvo Group published up to date financial results up to Q3 2020 for its largest loan originators on its blog. It’s good to see that Easy Credit, Kviku and Viva Credit were able to remain profitable throughout this difficult year.
- Use this form to send me a referral request and get a Bonus of up to 1,5% on your investments on Iuvo Group
Mintos
- Income (Nov. 2020): 82,32€ (-12,37€)
- IRR: 12,69%
- Invested since: 27.09.2018
My funds in recovery increased slightly on Mintos (+25,08€), but I also had less pending payments on average.
Meanwhile, Mintos was able to raise 7,2 million euros in its crowdfunding campaign on Crowdcube, the largest amount ever raised in continental Europe. This shows that in spite of this difficult year, investors still have a lot of confidence in the Mintos platform and its success.
As I mentioned last month, I didn’t invest myself as I have no experience with crowdfunding campaigns and I prefer having more liquidity via my investments in P2P loans and ETFs.
Bondora Go & Grow
- Income (Nov. 2020): 17,13€ (-0,47€)
- IRR (incl. withdrawals): 6,68%
- Invested since: 01.09.2018
Last month I told you that Bondora was only originating new loans in its best performing country, Estonia. This changed recently, as the platform announced that loans from Finland are back!
Earlier this year, we decided to stop loan originations in Spain and Finland and only focus on Estonian loans. We chose to stick to the market we knew best to mitigate risks during the first and second quarters’ volatile economic environment. Well, by navigating the rough seas and keeping our ship in top shape, we’re happy to announce that Finnish loans are back in the market.
Source
We know you’ve been waiting for this news, and we value your patience. We did this with our investors’ best interest in mind and to keep our business sustainable. Currently, we can’t say when Spanish loans will be re-introduced back into the market, but for now, we’re happy to have Finnish loans back in the Bondora portfolio.
We’re currently still only able to add a max. of 1.000€ to our Bondora Go & Grow portfolios, as the loan volume is not back to its pre-crisis levels yet.
- Get a 5€ Bonus on Bondora when you sign up via my link and invest 10€ or more.
Crowdestor
- Income (Nov. 2020): 32,44€ (+4,77€)
- IRR: 8,90%
- Invested since: 03.04.2019
While I earned more compared to October on Crowdestor, my monthly income is still not where it should be when looking at the size of my total investments (6.855€) on the platform.
In November, Crowdestor asked all investors of the Limp Bizkit concert loan (which couldn’t take place, for obvious reasons), to choose between two options:
- To either prolong the loan term and wait for the concert to happen
- To receive 90% of their investment principal back right away and the remaining 10% once a new concert is funded (likely next year).
The vast majority, me included, chose the second option. Since I had 300€ invested in the project, I received 270€ (90%) back on my account and I’ll get the remaining 30€ as soon as a new concert is fully funded.
The number of loans that are late in my Crowdestor account increased a bit further. Here are my numbers as of December 1st:
- Active Investments: 36
- Late loans: 16 (+2)
- Late (%): 44% (+4%)
On a side note, Crowdestor is offering a 2% cashback campaign in December. Here are the details:
– From 1st December till 31st December 2020, invest in any project listed on the Primary Market and get 2% Cashback.
Link
– CROWDESTOR will add Cashback – 2% of the invested amount, to your investor’s account immediately after the investment transaction is processed.
– The Cashback does not apply to deals that are listed on the Secondary Market.
Viainvest
- Income (Nov. 2020): 27,23€ (+1,52€)
- IRR: 12,22%
- Invested since: 11.10.2019
Smooth sailing as usual on Viainvest.
Last month a new investor asked me what he should do because he didn’t see available loans on the primary market after signing up.
In case you’re wondering the same, don’t worry, that’s pretty normal on the platform. Just set up your auto invest and give it a few days. New loans are usually added several times per day.
While we’re on the subject, here are my own settings right now:
My Viainvest Auto Invest Settings
I don’t invest into loans from the Czech Republic and from Spain on Viainvest, as they are subject to withholding tax, while loans from the other countries are not. You can fix that by sending them your personal tax certificate, but for me that’s not worth the time investment.
I also excluded business loans from Vietnam.
Lendermarket
- Income (Nov. 2020): 37,30€ (-6,86€)
- IRR: 13,77%
- Invested since: 21.11.2019
Lendermarket gave its website a bit of a redesign last month and added a few improvements. The platform has also taken steps to increase the share capital of the company Lendermarket Ltd. to 250.000€, which I think is good news.
The buyback guarantee for all loans on the platform is still coming from the much larger Creditstar Group.
The platform also started publishing statistics regarding funded loans. That’s something I was interested in as well. Here are the numbers for 2020 so far:
2020 Q1 — Q3
Source: Lendermarket Blog
Value of loans funded: € 29,600,000
Amount of loans funded: 77,000 loans
Interest and delayed interest paid to investors: € 460,000
Investments lost by investors: € 0
2020 Q3
Value of loans funded: € 12,800,000
Amount of loans funded: 32,033 loans
Interest and delayed interest paid to investors: € 188,000
Investments lost by investors: € 0
When looking at these numbers, we can see that funding has picked up steam in the third quarter of 2020, with investors likely regaining confidence that the economy will recover.
- Get 1% Cashback on your investments on Lendermarket after 60 days via my link.
EvoEstate
- Invested since: 03.02.2020
- IRR: 0,62%
I haven’t received any income from my three loans on EvoEstate yet, as all of them only pay interest at the end of their loan term. I should receive the first payment in February 2021.
- Get 0,5% Cashback for 6 months on your EvoEstate investments via my link.
EstateGuru
- Income (Nov. 2020): 0,75€
- IRR: 3,50%
- Invested since: 12.10.2020
Last month I announced why I added EstateGuru to my portfolio. In November I received 0,24€ in interest and a 0,51€ bonus for my 4th investment.
- Use this link for a 0,5% Bonus on EstateGuru for the first 3 months.
That’s all for this month!
I wanted to make sure I finally share my update with you in a timely manner, I’m glad I was able to get it done!
I would love to know in the comments below how you and your own investments have been doing. Do you have a more positive outlook towards the future than you did a couple of months ago?
You might find this interesting:
- Investing In Bitcoin – How To (My Experience)
- Current P2P Lending Bonus and Cashback Offers
- How To Buy ETFs – My Investment Strategy
- My Entire Investment Portfolio
- How To Track Your Investments In P2P Lending
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Great Angelo, thanks for sharing. Please tell me, at the main Overview table at the beginning of the artcle, the last column (Value) what includes? Is for invested capital plus all time earnings?
Thank you Alex! Yes, that’s the invested capital including the earnings so far, as displayed in each account.
Thank Angelo I’m happy to see monthly update at time 😉
Can you share do you have problems with crashdrag on Mintos, My strategy almost can’t find loans from quality LOs,
I’ve similar to your strategy except that I limit my the period to 4 months ?
Hi Asen! You’re very welcome, feels good to have it out early for once!
No, I don’t have any cashdrag on my own account, haven’t changed my settings since the strategy article/video. I’m guessing there are less available short-term loans then.
Hi Angelo,
A big thank you for the transparency. This serves a lot the community.
Short question: on your Iuvo group overview, I can see more than 400 EUR in the category +60 days delay. Investing myself in Iuvo, this concerns me. Is the 60-day buyback not working ?
Thanks a lot in advance for your feedback, always very much appreciated.
Hi Florian, my pleasure! I just find this stuff way more interesting when you see actual numbers, I’m glad you seem to feel the same.
The buyback works, except for the Polish loan originator CBC, which is having some difficulties. I had 428,60€ invested there. I last wrote about it in my August update here and Iuvo is currently carrying out legal proceedings to get the funds back as soon as possible. I’ll keep you updated on the progress over the coming months 🙂
Hi Angelo,
Do you, by any chance, have some info on the state of affairs with Grupeer?
Thanks!
Hi Matyas, I’m not allowed to share any details, but the lawsuit is continuing. Sadly this process takes time. The only thing I can tell you is that the useless Grupeer blog updates have led to more investors asking to join the lawsuit.
Hi Angelo, have you heard about the financial times news about Vanguard closing European active ETF range? How will this affect us investors? I own the Vanguard FTSE All-World aswell.
Hi Miguel, I just had to google the article. They’re of course only talking about much smaller active factor ETFs, not the passive, low-cost ETFs like the All-World: “Vanguard to close European active ETF range: Quartet of factor funds had just $300m in assets”
So don’t worry, as far as I know Vanguard is still expanding in Europe 🙂
Hey,
What an amazing job, i’m sad to not see your blog before !
If you had to recommend just two or three P2P, which would it be?
Thanks a lot 🙂