January has been an interesting month for the Baltics p2p lending platforms. And not in a good way. A feature that attracted investors in the first place, an early buyback with a fee, proves to be an Achille’s heel for a series of crowdlending platforms.
2019 has been kind with my crowdlending portfolio. At the start of the year, my portfolio was worth 16000 EUR, and it reached 25000 EUR by the end of it.
I never liked making new year’s resolutions, mainly because most of the time they’re just items on a list that remind me of my failures. The bigger the list, the bigger the disappointment at the end of the next year.
I haven’t written anything about my real estate crowdfunding portfolio since July. Enough changes happened in between, so I’m ready to provide new updates.
My November earnings almost reached 300 EUR (288), 22 EUR more than the previous month’s earnings. It’s not really an important step, as with my current spending habits it would only cover a 3rd of my expenses, but it’s still a step I want to cross.
A few weeks ago my company invited an external speaker and he held this course named “Financial Intelligence”. In essence, it was a good initiative. Teaching IT geeks getting paid high salaries that life is not all about spending.
Our schools used to teach us math, chemistry, physics, history, geography, biology, and nothing about real life. For the generations brought up under communism, money didn’t have any value. When we finally graduated to democracy, our teachers didn’t know anything about personal finance. Since they didn’t understand its importance, they never bothered to learn and then teach us about it.
I’ve built a list of all the fintech startups I could find in my country. Some of them don’t even have a working product yet, others were cannibalized by the competition, while a few others are quite interesting
Investly is one of the few European p2p lending platforms that deal only with invoice financing. While it’s not a new platform, being launched in 2015, I’ve only recently started investing in it.
Bondster is a p2p lending marketplace from the Czech Republic, offering 13% returns to its investors. It acts as an intermediary between lending companies (loan originators) and investors.