With October behind us, it’s time for my latest P2P lending income update!
As usual, I am going to show you exactly how much I invested on each peer to peer lending platform, my deposits and withdrawals, as well as my returns for the month.
P2P Lending Income – October 2019 Overview
| Platform | Income | IRR | Invested | Value |
| Envestio | 67,32€ | 22,33% | 3.029€ | 3.895€ |
| Iuvo Group | 29,75€ | 14,75% | 2.850€ | 3.369€ |
| Mintos | 91,80€ | 12,98% | 7.505€ | 8.071€ |
| Mintos I&A | 7,82€ | 10,16% | 1.000€ | 1.038€ |
| Bondora G&G | 5,68€ | 6,61% | 900€ | 1.026€ |
| Grupeer | 31,03€ | 13,80% | 2.825€ | 3.048€ |
| Crowdestor | 40,06€ | 12,12% | 3.900€ | 4.027€ |
| Monethera | 19,43€ | 28,90% | 1.250€ | 1.295€ |
| Wisefund | 22,24€ | 24,82% | 1.250€ | 1.292€ |
| Swaper | 0,89€ | 0,72%* | 1.500€ | 1.501€ |
| Viainvest | 3,09€ | 3,18%* | 1.500€ | 1.503€ |
| Total | 319,11€ | 15,08% | 27.509€ | 30.065€ |
Taking a closer look at my P2P returns
My monthly income from P2P lending is still on the way up! I reached a new passive income record of 319,11€ (+36,72€) in October.
As a result, I reached 21,3% (+2,5%) of my first goal, 1.500€ monthly passive income from investments.
Let’s take a look at how each crowdlending platform performed last month.
Envestio
My Envestio income increased a bit, to 67,32€ (+0,31€) last month.
On October 18th, I got a bit impatient waiting for new projects, so I withdrew 490,97€, which I then split between the available projects on Monethera and Wisefund.
As luck would have it, Envestio published several loans with interest rates up to 20% just a couple of days later and ultimately ended up publishing 6 projects in total by the end of the month.
Either way, now I’m fully invested again. Hopefully they’re able to better spread out their projects over the course of November.
Iuvo Group
I earned 29,75€ (+0,53€) in interest on Iuvo Group last month.
The AutoInvest keeps reliably reinvesting my funds into loans with 13-15% interest per year, without me needing to spend any time on my investment, which I appreciate.
- Don’t forget to take advantage of the 30-90€ Refer-a-friend Bonus, if you’re interested in Iuvo Group.
- My Iuvo Group review
Mintos
Surprisingly, even though the available interest rates on Mintos have been decreasing over the past couple of months, my income from the platform reached another record high of 91,8€ (+8,07€) in October!
My IRR on Mintos slightly increased and is now sitting at a respectable 12,98% (+0,23%).
It seems as though the tides are slowly turning as far as interest rates on Mintos are concerned.
I noticed more loans being offered at 11%-12% interest over the past couple of days, which is a couple of percentage points higher than just a couple of weeks ago.
- You can use my link to get a 1% Bonus on your investments on Mintos.
Mintos Invest & Access
I earned 7,82€ (-3,02€) in interest on Mintos Invest & Access last month, likely because the average interest rate in my Invest & Access portfolio is now around 2% lower than it was back in June.
My IRR on Invest & Access also decreased as a result, to 10,16% (-0,24%).
If you’re curious about why I opened an Invest & Access account in the first place:
Bondora Go & Grow
I received 5,68€ (+0,22€) in interest on Bondora Go & Grow last month.
Bondora Go & Grow is still my favorite platform for short-term investments in P2P lending, because I’m able to withdraw the full amount of my deposit, including interest if I want to (-1€ flat withdrawal fee).
- You can get a 5€ Bonus on Bondora when you sign up via my link.
Grupeer
My Grupeer income climbed to 31,03€ (+1,14€) last month.
The Grupeer team also kept its promise and published the company’s financial statement for 2018.
As expected and as they mentioned in recent interviews, Grupeer isn’t profitable yet. Nonetheless, I think this is a step in the right direction as far as transparency is concerned.
Grupeer also published its own set of ratings for loan originators on the platform, ranging from A (Finsputnik Platforma) to E (Monify), which I found quite interesting.
Crowdestor
I received 40,06€ (+12,92€) in interest on Crowdestor in October.
Monethera
I received 19,43€ (+5,43€) in interest on Monethera last month.
Monethera is adding new, high-interest projects on a regular basis. All payments arrived on time so far.
As a result, I added 250€ to my Monethera account on October 21st.
Not only that, I’m happy to share that my first loan, Transportation of lumber with an interest rate of 21,1% per year, has been fully repaid:
Wisefund
I received 22,24€ (+7,14€) in income on Wisefund in October.
Like Monethera, Wisefund offers short-term business loans with high interest rates and a buyback guarantee.
I added an additional 250€ to my Wisefund account on October 19th.
While Wisefund is still a young platform that has to prove itself in the long run, all interest payments arrived on time so far.
I’m expecting my first full loan repayment on November 8th, I’ll keep you updated!
Swaper
Like I mentioned in my previous monthly update, I recently added Swaper to my P2P portfolio.
After making my first deposit of 1.000€ on October 2nd, I added an extra 500€ to my account on October 11th.
Since I just added Swaper, I only earned 0,89€ in interest so far.
I wrote a separate article detailing all the reasons why I added Swaper to my portfolio, which you can find here.
Viainvest
I also made my first 1.500€ investment on Viainvest on October 11th.
Among other things, I was intrigued by the company’s transparency, its profitability over several years and some of the loans that are offered on the platform, which are hard to find anywhere else (eg. Swedish loans at 11% interest and a buyback guarantee).
I received 3,09€ in interest on Viainvest last month.
I love that I’m able to see accumulated interest (interest that hasn’t been paid out yet) in addition to paid interest on Viainvest. I wish all platforms had that feature!
- You can now get a 10€ Bonus after investing 50€ or more on Viainvest by using my link.
- Swaper and Viainvest – Why I added them to my P2P Portfolio
That’s all!
That’s it for my latest monthly update! I hope you enjoyed reading it and had a beautiful month as well.
You might find this useful as well:
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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.
Congrats on the new record!
Recently fellow FIRE pursuers have convinced me that I should diversify and invest in less risk options like index funds …
Wanted to know if you would recommend that and have any experience with those, and if yes which platforms do you use to invest
thank you Elmar!
I think ETFs are a good way to diversify, you just have to get used to the volatility as the market can go up and down – something you don’t notice as much with P2P lending.
Yes, I’ve been investing into ETFs way before P2P, and it’s something I’m planning to talk about on the website/channel as well.
We’re currently around 60:40 ETFs (Vanguard FTSE All-World) and P2P lending.
We use a local broker for tax reasons, but otherwise I think Degiro would be a good and inexpensive option to buy ETFs.
Hi Angelo,
is cashback included in your xirr of wisefund and monethera?
Hi nukin,
yes, but I only include it in my calculations if it’s (still) available to everyone when they sign up.
Hi Angelo! What is your take on situations where the secondary market is oversupplied by some potentially bad loans(e.g. Metrokredit) and then your Invest&Access silently picks them up?
Thanks!
I’m not too worried about that, I trust Martins Sulte (Mintos CEO) and the team enough to take the right measures if a loan originator is in financial trouble. They don’t want bad publicity either.
Hi Angelo,
it looks like we have pretty similar p2p investment portfolios :))
I guess you are also rather positive towards Envestio and Crowdestor? They brought a lot of new investment projects online in the past weeks (particularly Crowdestor) and are the the main drivers for my increasing return on investment each month.
How do you generally consider the risk of p2b credits compared to p2p consumer loans?
Keep up the good work,
Marian from financiallyindependent.eu
Hi Marian,
yes, looks like it 🙂
I am positive towards the two platforms, but I still want to have most of my money in platforms with a longer track record, like Mintos.
Time will tell, but I still consider consumer loans (if backed by profitable, transparent loan originators) as less risky than business loans, which is why I’m aiming for a slightly larger allocation towards those.
Thank you, you too!