Well, that was fast. We just got back from an unforgettable three week vacation in Southeast Asia and February is already over. That means it’s time for a new P2P lending income report!
Once again, I’ll be sharing my numbers for the previous month with you here, in this case for February 2019. You can see exactly how much money I have invested on each peer to peer lending platform, my deposits or withdrawals and of course, my returns for the month.
Let’s get into it!
February 2019 Overview
Taking a closer look at my returns
My income from my investments in crowdlending for February was 160,29€ (-3,6€ compared to last month). I fully expected a slight decrease. After all, February was 3 days shorter than January. I’m still very happy with my crowdlending income for the month, as the internal rate of return from my investments actually increased to 15,55% (+0,4%). In February I reached 10,69% (-0,24%) of my first goal (1.500€ monthly income from investments).
As I mentioned before, on Bondora I’m exclusively using Go & Grow, which ‘only’ delivers up to 6,75% interest per year, but offers me instant liquidity, as I can withdraw my money at any time. I made use of that again last month during my travels in Asia with my wife. I withdrew 400€ (+1€ withdrawal fee) from my Go and Grow account, to pay for some of our expenses.
I had the money back on my bank account within one or two business days, which is very convenient. Since I currently don’t have much money on Go & Grow (taxes for 2018 and our Asia trip), Bondora only generated 3,08€ in January. I mainly use the account to receive some interest on money I need again within a couple of months, not for long term investing. Here is my Go & Grow review, in case you’re interested.
Envestio is still my number one performer, with an incredible internal rate of return of 23,01% since I started investing in October of last year! Until now, interest as well as principal was always paid on time and in full. I hope it stays that way!
The shortage of loans remains, but also in February I always managed to fully reinvest the money I received within a couple of days. Make sure to check your mail on a regular basis, as they send out an e-mail as soon as a new offer is available (which usually gets funded very quickly!). My February income from Envestio was 78,41€ (-3,6€ compared to January), which is excellent considering the month was 3 days shorter. In case you’re wondering about the high IRR, that’s the power of compounding (re-investing my returns) as well as the extra 0,5% I received on my investment.
My Grupeer investments are performing very well and I’ll likely raise my investment on the platform once I have more available cash. I like the interest rates Grupeer offers (13-15%), combined with a buyback guarantee. Once again, there was no shortage of high interest paying loans last month. My income from Grupeer is steadily increasing and totaled 11,89€ (+1,21€) last month. My IRR on the platform also grew to 12,11%.
There’s not much to say here. As expected, Iuvo Group performed very well and generated 35,67€ in interest in the short month of February (-3,83€ compared to January). Iuvo Group is my second biggest investment (after Envestio) with a total invested sum of 3.500€ for these reasons:
- Up to 15% interest per year with a buyback guarantee and no shortage of available high-interest loans
- The platform is very transparent and the loan originators providing the buyback guarantee have solid financials, as I discussed in a recent video
- They offer a 30-90€ Bonus on your first investment (of 1.000-2.500€) through their refer-a-friend program, which is an instant 3-3,6% cashback on your money. Here is how.
I also recorded a video review recently, covering the crowdlending platform and the loan originators more closely than in my written review (which I also updated last month). In case you’re interested, here it is.
In addition, a couple of people reached out to me for a referral last month. I hope you’re as happy with your results as I am so far and I’d love to hear about your experience!
As expected, my income from Mintos saw a substantial increase last month. I received 28,35€ (+9,97€) in interest payments in February. My IRR also grew accordingly, to 10,74%. I’m expecting the returns to be anywhere between 11-12% (p.a.) in the long run.
In case you don’t know much about them, Mintos is one of the largest, most respected P2P platforms worldwide. They offer an enormous number of loans with a buyback guarantee, issued by many different loan originators from all over the world (and different currencies if you like that – I personally stick to EUR loans). As a result, you’re able to diversify your crowdlending investment very widely within a single platform.
Last month I told you that I had invested a small amount of money (250€) in loans on FastInvest, after reading a few reviews from other bloggers. In February, I received 2,89€ (+1,85€) in interest. With an IRR of 13,49% I can’t complain so far and I hope future payments will also arrive on time.
Still, there are some things I like and some things I don’t like too much about FastInvest and which hold me back from investing more for now.
The good: They offer consumer loans in Denmark, Spain, Poland and the UK with an interest rate up to 15% and a buyback guarantee.
The not-so-good: I’m still waiting for them to be more transparent and disclose their loan originators (and their financial numbers) before I consider another deposit on FastInvest.
See you next month!
That’s it! I hope you had an equally enjoyable month and got some value out of reading my P2P income report for February! Is there any platform I’m not invested in that you really like? How were your results last month? I’d love to know in the comments!