Portfolio update October 2017

Portfolio P2P investments Swaper Robo.cash Twino Mintos Bondora Crowdestate review
Monthly cash flow for October

Bondora returned 220,91€ (-15,03€ less than last month)

Twino returned 113,49€ (-6,06€ less than last month)

Swaper returned 73,17€ (+21,07€ more than last month)

Robocash returned 32,76€ (-3,06€ less than last month)

Crowdestate returned 53,42€ (+32,08€ more than last month)

Mintos returned 12,06€ (-0,27€ less than last month)

This gives me a total of 506,04€ (+28,96€ more than last month)
which equals 16,87% of my first goal (+0,97% more than last month)

Comments to the returns

October was another good month where returns from new Crowdestate investments started ticking in. My Crowdestate portfolio reached 5.000€ which was my first target.

Twino annoys me at the moment. There is a lack of loans and the interest rate is declining. I asked the Jevgenijs Kazanins (CEO) about the current situation and all he replied was: ” Last month we listed ~EUR 2.5 million (or ~22% of all loans) with the rate of 11% p.a., which produces compound return of 11.57% in case of reinvestment.” Really disappointing answer.

On top of that Twino had login issues for the second time this week and the site was down for maintenance for nearly 24 hours. I just received an email with an apology and explanation for the downtime. I really appreciate good communication and this email was important to keep trust among investors.  Thank you for that Jevgenijs.

Swaper came back strong this month, just like predicted. Buyback kicked in and gave back the missing return from last month. Swaper is definitely one of my favorites at the moment.

Robocash returned a little less than last month due to cash drag. As I wrote in my last post, Robocash is experiencing loan shortage at the moment. My auto invest catched loans on these dates in October: 1, 2, 4, 7, 10, 16, 20, 21, 28, 31. So cash drag is about 3 days now. It’s not horrible but there’s definitely room for improvement. I know they are working on solving the problem by going into other markets. I still have faith in Robocash and I believe they will strengthen their position in P2P lending in the years to come.

Real estate

Am I finally getting my first property?! Is it really happening? If the bank says OK and my lawyer agrees on the deal I will finally be able to call myself a land lord in a few weeks.

I found a nice cheap house in a small town nearby with 2 apartments. After inspecting the property I gave a bid 9% below the asking price. The seller accepted the bid after a few hours. Now I just have to make a loan agreement with a bank, hopefully that will not be a problem!

I’ll make a separate post next week to keep you updated on the financing situation. Here is a sneak peak of the property:

Mintos fees

Today Mintos made an important announcement:

“Starting from today, November 1, 2017, we have removed the 1% fee for selling loans on the secondary market of the Mintos marketplace. This means from now on, there are absolutely no fees for investing through Mintos .”

That’s great news! To me that was the only downside to Mintos. Way to go!

Site improvements

I believe pictures say more than a thousand words. That’s why I added graphs to all my investments and the total income in order to give you a better visual overview. It’s a bit more work to keep them updated every month but I think it’s worth it. You can always see more detail about specific investments on their own page under “P2P investments”. Hope you like it!

I also added a poll to see how often you were interested in getting updates from my blog. I personally hate receiving too many updates from a site. Only a few votes have been cast but surprisingly “1-4 times per month” is leading. None have voted for “1 time per month”. I guess I’ll have to start posting more for you guys! Make sure to cast your vote if you haven’t done so yet.

Blog statistics

More and more visitors from all over the world are finding my blog and subscribing for updates. FinanciallyFree had 627 unique visitors from 61 countries in October. Top country this month was Netherlands, which is quite a surprise to me. If you are new to the Blog please receive my warmest welcome whereever you live. All countries, races, religions etc. are welcome here. I only write about investment opportunities that are available worldwide in order for you to be able replicate my actions if you wish to do so.

 

Until next time

I really  being on this journey towards financial freedom with you! Thank you all for taking part in this documentary with your comments and support. Make sure to subscribe to become a part of the FinanciallyFree family!

 

10 Replies to “Portfolio update October 2017”

  1. Hey, J

    About the poll – if I like the option of “once per month”, I can technically tick all boxes. Options should be “once”, “twice” and “3-4”, to get some data really worth analyzing.
    My October: 178 EUR from lending platforms, 430 from rent (more this month since I paid back a part of the mortgage and also raised the rent a bit). 608 EUR altogether. I think you should add one more goal – beating me!

    1. Hi Risto,

      I see your point about the poll. It’s really just another way of saying “once per month, up to 2 times per month, up to 4 times per month”. The reason for me putting it like this is that I want to be clear that I might only post once per month no matter how often people would like to read new articles. If you like the option “once per month” you should not tick the box 1-4 if you’d be annoyed by getting 4 updates from the blog next month.

      I don’t set goals beating anyone. Financial freedom is a personal matter that varies from person to person. If I start setting goals beating people I will always feel inferior. Someone will always have higher cash flow than me. I prefer a mind set of prosperity and “there’s enough for all”. That being said, I love following other people’s progress and see them living their dream! So please keep me posted 🙂

  2. HI Jorgen,

    if is it possible to know, what % of your assets are you investing in p2p now? Have you set a limit in your mind for the future?

    Greetings from Italy

    1. Hi Paolo,

      I’ve invested close to 100% of my assets in P2P. I know that most “experts” recommend 5-10% but I think the logic behind this kind of thinking is old fashioned. I’ve had stocks for several years as well but I can’t seem to generate profits from them. I recently sold my stocks to fund the down payment of the property I’m in the process of buying.

      Over time I will invest a higher percentage in real estate but I have no fixed limits for P2P in mind. Nowadays it’s more like P2B, as several platforms offer Buyback guarantee.

  3. Hi Jorgen,

    I was wondering how you are determining the risk of the P2B loans. Because currently I am investing also in guaranteed loans, but I am still wondering what the chances of bankruptcy of these companies are. I expect quite low, but you never know what companies do with your money, because most of them are quite intransparent.

    I see you are trying to spread your money as much as possible, I think that is smart, but are there any other safeguards you are considering?

  4. Hi Jelmer,

    That’s a great question. How do you determine risk when investing in a company? Personally, I look for 3 things:

    1. Public information about the company: I go through their financial reports (if they are available) to see if they are making money and if they have steady growth. I also see if the company participates in public events. Crooks like to hide. Most of them are actually quite transparent, if you have a question or if a report is not published on their site, just ask their support for it.

    That leads me into the second, but just as important factor:

    2. How is the communication with the support and/or owners? I like to ask a lot of questions to get a feeling about the companies I invest in. My gut feeling rarely lets me down. If something seems fishy it probably is!

    3. How do other users say about the company? I always search for reviews or comments from other users. I look for negative statements or lack of the same. Users with positive experiences often tend to stay quiet, unsatisfied users always share their opinions. No negativity is a good sign.

    When those factors are considered I just take a leap of faith and invest a small amount. After all, there’s only so much you can do. If I’m happy with the experience I invest more. Even the best companies sometimes experience turmoil. Investing will always carry an element of risk. Like you say; spreading out your investments will help to negate some of the risk. It’s unlikely that all companies you invest in will go bankrupt at the same time.

  5. Hi Jorgen,

    Today I read that the Danish economy is decreasing for the third quarter in a row. How is this being received in Denmark? Technically this would be classified a recession.

    Is Denmark using a different kind of measuring of economic growth comparing to other countries in Europe?

    If a new recession will come, there is a possibility that P2P lending companies will go bankrupt fast. How are you considering these scenario’s? Do you have a possibility to extract your money within a short period?

    (Sorry for my pessimistic point of view)

  6. Hi Jelmer,

    I was not aware of that, I don’t follow main stream media. Even in bad economy new opportunities are being created.

    The measurement of economic growth should be the same throughout Europe.

    To be honest I don’t give much thought to worry or doubt about anything. That would probably have stopped me from investing in the first place. Most things we worry about never happen. However, I like to have a good portion of my portfolio liquid so I can pull out the money fast, in case I wan’t to buy something (real estate for example). Twino, Swaper and Robocash are all very fast to get out of, due to the low loan supply. Other investors would buy my loans and I would be able to have the money in my bank account within a couple of days.

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