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
*includes 110€ profit from Swaper (exited) and 60€ exit fee on Wisefund
Lessons learned along the way
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.
- 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.
- 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?
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.
- 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.
- Get 1% Cashback on your investments for 180 days when signing up to Crowdestor via my link
- 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:
- Get a 15€ Bonus after investing 50€ or more on Viainvest by using my link.
- 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