Welcome to my monthly P2P lending income update!
As usual, we’ll be looking at the performance of my investments in P2P lending during the month of September 2020. At the same time, we’ll discuss any noteworthy events that happened on the platforms since my last update, in case there were any.
P2P Lending Income – September 2020 Overview
| Platform | Income | IRR | Invested | Value |
| Iuvo Group | 24,81€ | 13,59% | 1.857€ | 2.695€ |
| Mintos | 85,93€ | 12,88% | 8.437€ | 10.056€ |
| Bondora G&G | 16,95€ | 6,67% | 2.901€ | 3.165€ |
| Crowdestor | 51,28€ | 9,48% | 6.200€ | 6.795€ |
| Viainvest | 29,10€ | 12,22% | 2.500€ | 2.717€ |
| Lendermarket | 41,10€ | 13,40% | 3.000€ | 3.321€ |
| EvoEstate | 0€ | 0,80% | 630€ | 633€ |
| Mintos I&A | 0,61€ | 10,54% | 133€ | 235€ |
| Total | 249,78€ | 25.658€ | 29.667€* |
*includes 110€ profit from Swaper (exited) and 60€ exit fee on 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 (Sep. 2020): 249,78€ (-28,34€)
I didn’t receive any dividends from my two ETFs in September, as they were just distributed a few days ago. Therefore they’ll be part of my October update instead!
As a result, my investment income of 249,78€ only came from my investments in P2P lending last month. With this amount, I’m currently at 16,65% of my goal, which is 1.500€ monthly income from investments.
However, I’ve long been thinking of introducing a monthly average, as I think it makes a lot more sense to see if things are moving in the right direction.
Introducing: My Monthly Income Average
To calculate my average monthly income numbers, I decided to only include the numbers starting with my March 2020 update, as that already excludes “earnings” from Grupeer.
Over the last 7 months, I earned a total of 2.441,04€ from my investments in P2P lending and from dividends via my ETFs.
That is 348,72€ per month on average. I have to say, I’m very happy with that!
The crazy thing is, that’s already enough to cover the rent of our small apartment (we got very lucky), but that’s a story for another day.
And with this average, I’m actually already at 23,25% of my monthly ‘passive’ income goal. That’s almost one quarter of the way there, not bad!
Alright, let’s have a look at my P2P platforms individually.
Iuvo Group
- Income (Sep. 2020): 24,81€ (+0,37€)
- IRR: 13,59%
- Invested since: 05.10.2018
The loan originator iCredit Poland was added to Iuvo Group last month, with interest rates of up to 14,33% per year. The lending company is also part of the Management Financial Group, which owns Iuvo Group as well as several well-established loan originators.
Mintos
- Income (Sep. 2020): 85,93€ (-51,70€)
- IRR: 12,88%
- Invested since: 27.09.2018
During the first week of September, I withdrew 567,58€ from Mintos, as my account has been growing a bit too large in comparison to the rest of my P2P portfolio.
Meanwhile, I’m happy to see that some progress is being made with funds that are In Recovery, as the amount decreased by 188,34€ compared to one month ago. Could this be the trend reversal I had been looking forward to?
I also finally spent some time to talk about my Mintos Auto Invest strategy & settings in more detail. So if that’s something you’re interested in, you can read it here or watch the video.
Apart from that, Lars Wrobbel just published an interesting interview with Martins Sulte, the Mintos CEO. I think it’s worth watching!
Bondora Go & Grow
- Income (Sep. 2020): 16,95€ (+3,82€)
- IRR (incl. withdrawals): 6,67%
- Invested since: 01.09.2018
Bondora recently introduced a monthly investment limit of 1.000€ to Go & Grow:
To ensure that we can provide everyone with the opportunity to grow their money online in a simple and affordable way, we’ve implemented a net limit of €1,000 on the amount each person can invest in their Go & Grow account per month. You can add more money to Wallet, but it will be invested into your Go & Grow account the following month.
Source
Here are more details about why they made this change, which to me makes sense.
I’m usually not adding more than 1.000€ within a single month anyway, so it won’t really affect me. If you’re new to Bondora however, this change means that it will take you a few months to invest a couple thousand euros with Bondora Go & Grow.
- You can get a 5€ Bonus on Bondora when you sign up via my link.
Crowdestor
- Income (Sep. 2020): 51,28€ (+2,90€)
- IRR: 9,48%
- Invested since: 03.04.2019
Crowdestor recently updated the dashboard, which adds several changes that I’d been wishing for for a while.
We’re now able to see the total number of active investments and most importantly, we can see the number of late projects, how long individual projects have been late and project-related updates.
At the time of writing, here are my numbers:
- Active Investments: 34
- Late loans: 9
- Late (%): 26,47%
The crowdfunding platform also added a Secondary market a few days ago. If you’re feeling adventurous and you have a lot of time on your hands (as navigation leaves a lot to be desired), you might be able to find some good deals.
Viainvest
- Income (Sep. 2020): 29,10€ (+5,56€)
- IRR: 12,22%
- Invested since: 11.10.2019
Another ‘boring’ month without issues on Viainvest, as the platform requires no effort from my side to automatically reinvest the interest and principal I receive back.
The only noteworthy event I want to mention is Denny Neidhardt’s excellent Interview with Simona Lucatniece, the platform lead at Viainvest.
Here are his time-stamps and questions, that way you can jump straight to the part you’re interested in:
Lendermarket
- Income (Sep. 2020): 41,10€ (+11,24€)
- IRR: 13,40%
- Invested since: 21.11.2019
As expected, the monthly interest I earned on Lendermarket in September was noticeably higher than the two months before.
Lendermarket’s 1+2% Cashback campaign is still valid until October 31st, 2020, in case you’re interested. More details here.
That’s all for this month!
Thank you for taking the time to read my latest monthly update. I’d be happy to hear your feedback on any of the updates I mentioned in the comments.
You might find this interesting:
- My Mintos Auto Invest Strategy & Settings
- Current P2P Lending Bonus and Cashback Offers
- 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
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Have You considered investing in EvoEstate? On YouTube You mentioned EstateGuru however I’m curious how You see differences between this two platforms 🙂
Hi Krzysiek! I’m already invested on EvoEstate (check the overview), although with a smaller amount for now 🙂
And I’m currently testing out EstateGuru as well! I think both are excellent choices.
Hi Angelo, i’m currently invested in Bondora G&G, Mintos and the stock market (Degiro), and i want to add another P2P platform to my portfolio. Considering the referral advantages, IRR, “stability” or “status” of the platform and your “feeling”, what do you think it’s the best choice to invest in now? I heard good things about ViaInvest but i would love to know your opinion. Thank you and keep up the great work!
Hi Miguel! While I can’t give you investment advice, I personally really like Viainvest. I tried to remove all the platforms I wasn’t feeling confident in from my portfolio over the past few months. If you’re looking specifically for more diversification into a different lending sector (real-estate backed loans), I think you should look at EvoEstate and EstateGuru. Thank you Miguel!
EstateGuru is similar with Bondora, and Evoestate with Mintos….Estateguru deals with it’s loans, Evoestate is just a platform for other loan originators.
Sure, if you see it that way then Viainvest, Lendermarket etc. are also on the same list, as they only offer loans that come from within their own parent company. But EstateGuru’s real-estate backed loans still differ quite a bit from the loans on Bondora, due to the collateral. Regarding EvoEstate, they actually also offer some properties that they co-develop (from time to time), so not just external loans.
Your ETF dividends are not income, Angelo. They are you own money. If you pay yourself from whats already yours, thats no income. Or as we say in germany: Von der einen Tasche in die andere.
Lots of investors that invest into single stocks do count dividends they receive as income, but of course it’s up to everyone to decide for themselves. Here is my reasoning for counting the ~2%/year I receive from dividends as income. I would see it differently if I was investing in a random high-yield ETF that mostly consists of junk and with questionable future value.
Hi Angelo, I see swaper has published has published an financial statement for 2019 audited by “OÜ Audiitorbüroo PROFITIUS”. What do you think of it ?
Regards,
I’m not too impressed with the financial statement, but the report is a step in the right direction. To their credit, I don’t know anyone that had issues with Swaper to this date (including me).