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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. Who knows, maybe next month.

I’ve read a few personal finance blogs lately, and I realized my savings rate is over 70% without even trying. Although “savings” is an improper word, as I’m not really saving anything – everything goes into investments. Am I doing it right?

To stay on the same note, from this month’s savings I’ve added 838 EUR to EstateGuru, TFG Crowd, Wisefund, Monethera, Envestio, Crowdestor, Flender and Investly. My crowdlending portfolio reached 23699 EUR, a big enough amount to last me for 2 years if I ever needed to.

Below is a detailed view of my November portfolio.

PlatformCurrent valueProfitInterest Rate/Annual returnStarted Investing
Fast Invest4648 (+48)638 (+48)12.9% / 14.12%August 2018
Mintos2215 (+25)621 (+25)12.17% / 12.55%June 2018
EstateGuru1943 (+56)180 (+15)11.28% / 10.49%August 2018
Grupeer1752 (+20)172 (+20)13.3% / 13.33%December 2018
TFG Crowd1632 (+101)89 (+23)16.79% / 16.15%May 2019
Wisefund1344 (+318)44 (+18)18.3% / 24.11%August 2019
Monethera1341 (+216)41 (+16)18.43% / 15.97%June 2019
Viventor1216 (+23)113 (+23)13.96% / 13.15%December 2018
Envestio1031 (+59)158 (+15)16.73% / 19.64%November 2018
Crowdestor993 (+48)83 (+10)16.05% / 15.9%December 2018
NEO Finance964 (+10)-6 (+10)14.82% / -0.1%November 2018
Crowdestate949 (-36)67 (+8)13.16% / 8.98%December 2018
Peerberry671 (-24)171 (+6)12.55% / 12.03%December 2018
Flender704 (+41)21 (+5)8.65% / 8.07%May 2019
Debitum Network415 (+4)15 (+4)9.71% / 10.21%April 2019
Kuetzal414 (+7)38 (+7)19.12% / 18.69%May 2019
Bondster306 (+3)6 (+3)12.99% / 9.05%May 2019
Bulkestate302 (+1)10 (+1)12.84% / 8%December 2018
Investly307 (+106)7 (+6)12.22% / 11.79%July 2019
Impact Investments Fund552 (+100)27 (+25)7.32% / 0%January 2019
Exited046
Total23699(+1126)2541(+288)13.83% / 13.34%

Fast Invest

Fast Invest added a new loan originator last month, eCommerce 2020, a payday lender from Denmark. I’m not interested in payday loans, and the interest rate offered is low, at 11%, especially considering they offer loans to their borrowers with close to 1000% interest rates. But given the fact that in the previous month they also disclosed another partner, Kviku, it seems Fast Invest is trying to become a bit more transparent about their operations. They still have a long way to go, but it’s a step in the right direction.

My average interest rate is steady, at 12.9% (a slight drop from October’s 12.91%) and the annual return of my investments here is still over 14%. While I’m still happy with Fast Invest, I feel a bit overexposed and in the next months, I might lower a bit my portfolio, moving part of my funds to other platforms.

Mintos

Mintos reached 4 billion EUR in total funded loans in November. Their number of investors also increased by around 20000 in the past month (around 10% increase). Even with the lower interest rates and the Rapido Finance and Metrokredit issues, the platform’s growth seems unstoppable.

Given that Rapido Finance dropped from a B- rating to a D in less than 2 weeks, I stopped trusting too much their loan originators ratings. For now, I’ve left in my auto-invest settings only A and B loan originators (without B-) but I also intend to do a proper evaluation of the loan originators in my portfolio.

Since I removed some of the higher paying loan originators from my auto-invest settings, I can only find 11% interest loans now, so the average interest rate of my portfolio dropped this month to 12.17% (from 12.72% in October). I’m coming to terms with this since on Mintos I value more the stability of my investments than having an extra 1% return on my investments.

EstateGuru

EstateGuru continued in November with their “transparency” series on their blog, publishing a new post about how their staged loans work. They’ve got around 8 million EUR in new funded loans in November, and around 2000 new investors, so they’re doing well.

My annual return is only 10.49% but given that in the past 16 months since I joined the platform, I had no default loans, I’m quite happy with my investments.  

estateguru november portfolio

Half of the loans I’m invested in are Estonian, so I need to be careful and diversify a bit in the coming months. I should also try to keep away from bridge loans for a while and invest in some more development loans.

Grupeer

Grupeer’s list of lenders remained stable in November. One loan originator, Monify, left the platform, while another one, Lime, joined it. It’s interesting how lenders can play around with the offers crowdlending platforms offer them and choose the one they like. Maybe Monify enjoys more Viventor, where it still issues loans. And maybe Lime didn’t like Bondster, where they used to issue their loans, or Mintos, before that. The p2p market becomes crowded.

I’m happy with my Grupeer investments. At 13.33% return, I think it’s a good mix between safety and mid/high returns. They still need to work a bit on their transparency, like adding a statistics page and displaying more financial details about their loan originators on Grupeer’s website but I can live with these minuses for a while.

TFG Crowd

TFG Crowd ran a contest for Trustpilot reviews and the winner was announced in November. I’m a bit wary about these advertising strategies, although I understand why they’re effective. It’s easier for people to write reviews when they’re discontent with something, and they need incentives to write something good about a product they use.

My annual return on TFG Crowd is a bit over 16%, so I’m happy to take a bit higher risk for the higher returns they offer. Some of the concerns I have about the projects could be easily fixed, like posting company financial statements on each project’s page, but TFG Crowd is not doing that yet. They’re still relatively new in the crowdlending market, so I’ll wait for a while and see if they improve.

Wisefund

Wisefund had a huge problem with their payment system in the second half of November, so for half a month, no new funds were added on the platform by anyone. It’s tough to be in their shoes right now. The problem is still yet to be solved after 2 weeks. Hopefully, December will be a better month for them.

I can’t complain about my returns here. At 20+% annual return, Wisefund is the best performing platform in my portfolio. As with TFG Crowd, they also don’t publish any borrower’s financial statements. The same as with TFG Crowd, some of the documentation can be found for free on the internet, although it would be nice to have it at platform level.

Monethera

I’ve added 200 EUR more on Monethera in November, and I believe I’ll keep adding funds on the platform for a few more months. My annual return is 15.97%, a slight increase from 15.4% in October.

Viventor

Viventor finally starts to pay out on my investments, and my annual return reached 13.15% this month. My portfolio is relatively evenly split between consumer and business loans, so I’m happy with my distribution here.

viventor november portfolio by loan type, maturity and country

On the other hand, I still have around 150 EUR invested in Aforti loans, because I didn’t want to sell them. This might affect my returns in the future. In a short update on their blog, Viventor says they’re meeting again with Aforti to see how they can settle their debt.

viventor november portfolio by loan status, interest and loan originator

Envestio

Envestio continues to be one of the best performers in my portfolio, with an annual return close to 20%. In November, I’ve mainly reinvested my earnings into some of the new projects and added a small deposit to the platform.

As with TFG Crowd, Monethera and Wisefund, I consider Envestio one of the high-risk/high-returns platforms in my portfolio. I’m willing to take a bit more risk for the 20% returns, although I should be careful not to get overexposed to these types of investments.

Crowdestor

Crowdestor has proved good for me so far, with a 15.9% annual return. The average interest rate of my portfolio is 16.05%, and I tried to stay away from the more high-risk investments on the platform, like movies productions or mobile games development. Their buyback fund continues to grow, and it reached 212000 EUR in November. It would be interesting to see how much of it would be used in the case of a defaulted loan. From what I understood, only a percentage relative to the total outstanding loans would be used to cover a defaulted loan.

Neo Finance

After almost a year, I’m close to 0% returns on Neo Finance. The 0% barrier will be crossed next month, so I still need to have a bit of patience. Since they added AI risk assessments to their loans, I see fewer loans available on the platform, although this might happen just because there are more active investors on the platform. From their statistics page, I can see that in November they financed a bit over 500 new loans, worth over 1.5 million EUR.

Crowdestate

Crowdestate continues to disappoint, as my annual return dropped to 8.96% in November. The main cause of this is 3 of my investments (Tammelehe, Baltic Forest and Global Nord Timber) that are either late with their payments or close to default. For now, I’m looking at how Crowdestate handles these problems. If they’re doing ok, I’ll add more funds to the platform. If not, there’s plenty of fish in the water.

PeerBerry

PeerBerry has added in November 2-factor authentication to investor accounts, a feature that should be implemented by all p2p lending platforms. While my investments here are not more secure, at least my funds are more protected from hacker attacks.

My annual return remains steady at around 12%, although I’m not keen to invest more funds, due to the fact that most loans available are payday loans.

Flender

My Flender returns increase slightly in November to 8.07%, from 7.72% last month. It doesn’t help that in the past few months they decreased the interest rates on the more secure loans. The A+ to B rated loans used to have interest rates ranging from 9.1% to 10.5%. Now their interest rates range from 6.45% to 8.95%. At the same time, they increased the interest rates for higher risk investments, but I stay away from those.

Even with the slight decrease in interest rates, I’ll still increase my investments on Flender to 1000 – 1500 EUR. I consider it one of the safe platforms to invest in and they recently received a 75 million EUR in funding, to help them acquire a bigger portion of the Irish SME lending market.

Kuetzal

My Kuetzal interest payments always come on time, although that doesn’t mean too much in terms of security. The 400 EUR I’ve invested in Kuetzal make me 7 EUR richer each month – not really something to brag about. I would like to invest more with Kuetzal, but for this to happen they would need to improve their website: translate it to proper English, provide more financial documentation on projects, add some loan statistics page, provide some financial details on their operations, etc.

Until then, I’ll just keep a small stake here and hope they improve.

Debitum Network

Debitum Network continues to slowly grow, and in October it added around 300 new investors and a new loan originator, Mikro Kapital. The loan originator is from Romania and offers business and agricultural loans – it will be interesting to do a bit of analysis on them and see if I can dig any dirt on them.

I was looking at my Debitum account and realized their account statistics page doesn’t offer me too much useful data. Just have a look at it:

debitum network november portfolio by status and investment types

The same info could fit in 10% (the same as my annual return) of the space occupied by these 2 doughnuts, and it wouldn’t feel crowded.

Bondster

My portfolio diversification on Bondster doesn’t look too great, with most of my funds invested in Mikrokasa loans.

bondster november portfolio by loan originator and country

In my defence, the 300 EUR invested here don’t really need too much diversification. My annual return increase to 9.05% in November, up from 8.15% in the previous month. The only thing that changed was that I have more funds invested on the platform, and the interest payments get invested faster.

I’m thinking from time to time that I don’t really need Bondster in my portfolio. It doesn’t bring any additional diversification to my portfolio, and it’s not necessarily the safest crowdlending platform out there. However, I’m not decided yet, and I still need more time to decide if I need it or not.

Bulkestate

One of my investments, Alexandra Apartments I, was late with their payments by 2 days, and investors asked some questions about it on the investment forum. Lucky me, I’ve just noticed Bulkestate has a forum thread on each investment where you can write questions and discuss with other investors. You live and learn.

Investly

I’ve added some more funds to Investly last month, and I’m planning to add some more in the following months. While the returns are not spectacular (11.79%), I find the platform very interesting and it’s also safer and more transparent than many other crowdlending options.

My Impact Investments Fund

I’ve decided to group under the same umbrella all my green energy investments. I’m not looking for big profits here, and the combination of high-risk and loan returns offered by all the impact investments platforms make me to not feel the need of comparing them to any others in my portfolio.

Besides Abundance Investments and Trine, I’ve also added in November Lendahand to this fund. Since they offered me a 25 EUR discount on my first investment (a business financing project from South Africa with a 3.5% interest rate), it artificially increased my annual return, so I won’t even bother with it for now. The average interest rate of my investments is 7.32%, which is not that bad. If it weren’t for defaults, it would seem it’s relatively profitable to make yourself feel good by investing in positive impact projects.

Other investments

I haven’t written in a while about my real estate equity crowdfunding investments. Nothing worth noting was happening from month to month, so I’ve decided to record changes at higher intervals. Since they suffered quite a few changes in the past months, I’m planning to write an update in the following weeks.

My vacation fund reached 411 EUR on Iban Wallet (0.5 EUR from interest payments, 200 EUR from new deposits). Since my next planned vacation is in May next year, I should have a decent amount of funds to spend by then.

It’s been a year since I deposited my first 100 GBP on WiseAlpha, so I decided to check how are my investments doing here. I’ve learned a lot about corporate bonds in the past year, and even without the gains from the platform, I think of WiseAlpha as a very good learning resource/playground.

My account is not too large, with around 2100 GBP and 300 EUR invested here. My annual returns on my GBP portfolio is 12.27%, while my return on the EUR account is 12.95%.

My returns on WiseAlpha are a bit higher than the average returns. Around 5% of my returns come from bond price fluctuations, as I liked to play around and buy cheap bonds and then sell them back on the market as they appreciated.

It’s interesting for me to see that I get from bonds similar returns to the higher risk p2p lending platforms.

 My equity crowdfunding portfolio is worth almost 7000 GBP, split almost evenly between Seedrs and Crowdcube. It’s been a year and a half since I started investing with these 2 platforms and it really has been an interesting experience. None of my investments exited the platform yet, and I shouldn’t expect any of them to do so for at least 2 more years. Crowdcube doesn’t perform any revaluation of its companies and it doesn’t have a secondary market, so I’ve no idea how much my Crowdcube investments are worth now. However, if I sold now my Seedrs investments on the secondary market, my annualized returns would be 6.42% (or 12.24% in EUR).

Meanwhile, my stocks portfolio is so volatile that my earnings on Degiro look very similar to what they were last year at the beginning of December. Even after 3 years on the stock market I still feel like a rookie, so I won’t detail my portfolio yet. I’ve stopped checking my portfolio every day a long time ago, so I don’t feel the need to sell or buy under impulse, and sometimes I miss that feeling.

I’ve also tried in the past months a Robo advisor. It’s called Marketsflow and it uses AI and machine learning to optimize portfolios, and so far, my annual returns are around 18%. Too bad I’ve only invested so far 400 GBP, but I’ll keep adding small amounts to it each month.

I used to have some gold in my GlintPay account, although that was one of my first savings to go during my 6 months vacation. 2 months ago, GlintPay filed for bankruptcy, to get enough time to settle their debts. They’re back in business now, although I’m not sure I want to invest any more in such an unstable platform.

That’s all for this month. See you in a future post.

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9 Comments

Lionel · December 3, 2019 at 1:17 pm

Hey Daniel,

Thanks for that. Really useful once again.
What about Housers ? I thought you had started investing with them also ….

    Daniel · December 3, 2019 at 4:44 pm

    Hi Lionel,
    Thanks for your kind words.
    I’m still invested with Housers, but I’ve decided at some point to keep track of Housers in a separate group, along with other real estate crowdfunding platforms (Property Partner, British Pearl, Brickstarter, Reinvest24, Yielders). That’s because most of my Housers investments were buy-to-sell properties, with zero returns until they were sold.
    I’m going to post a separate update next week about them – it’s been a few months since the last update on them.

      Lionel · December 3, 2019 at 6:43 pm

      Oh, I understand. That makes sense.

      I’ve since read frightening reviews about Housers so I might not go that way.

      Have you tried out Seedrs ? I’ve just signed up there and it looks pretty promising.

        Daniel · December 3, 2019 at 8:43 pm

        There are many alternatives to choose from. Do your own research and then pick just what you really like.

        Seedrs, yes – I’ve only been there since 2018. I like their secondary market, with the option to get out or by more of an investment. Although Seedrs requires a lot more time for research before investing in a company. And some of the startups use some crazy valuations (not as high as Funderbeam though).
        Do you plan to invest in any of the startups available now? I’m curious about which ones you like.

          Lionel · December 4, 2019 at 1:21 pm

          I’m really very new to this but your blog convinced me that it was something I’d like to try out.

          So I’ve just started with Seedrs and TGFCrowd (Still waiting for payment to go through).

          With Seedrs it was much faster because I just paid by card.

          So I’ve gone for the following :

          Quinola
          Found
          Cru8
          Grocemania

          Also grabbed Scoop Retail on the secondary market because I want to see how that works.

          Daniel · December 4, 2019 at 6:11 pm

          TFG Crowd usually takes until the next day for me (from evening to midday) – but that’s just because Revolut doesn’t execute bank transfers after a certain hour.
          Your Seedrs selection looks interesting, especially Grocemania, although I’m not sure how they’ll handle the competition with Deliveroo. The healthy food ones are also interesting, although I have no idea how this market works and how products become successful here. In the past few weeks, I’ve only invested in Oval Money, Currensea, Nova Innovation and British Pearl – mostly I’m invested in fintech startups or at least something finance related.

          Lionel · December 4, 2019 at 6:34 pm

          Well, like I said, I’m completely new to this and have no idea what I’m doing LOL.
          I even sent Quinola an email offering to sales rep their product in Spain for free if they were interested 😛

          Daniel · December 4, 2019 at 7:46 pm

          That’s a very cool thing to do. I’ve seen it on other projects too. Often investors offer to help with promotion, or with introductions to relevant people.
          By the way, make sure you read their documents, even if you’re not investing too much. It’s good practice.

lionel · December 4, 2019 at 6:40 pm

Oh and Noa Marine. That one particularly caught my attention. It’s the one I invested most in.

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