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Summary of July
I was on holiday almost all of July but that doesn’t stop me from looking for good investment opportunities.
As stated last month, I was quite keen on trying out Viainvest . However, after only a few hours I made the decision that Viainvest not a good match for me. I started writing a longer explanation, but to keep this post short, I decided to make a separate blog post explaining my decision. (Hint: Internal taxation.)
Instead, I decided to invest into two new sites, Robocash and Crowdestate. So far I’m very pleased with the experience with both of them. I’m currently writing a review on Robocash that I will publish this week. A review of Crowdestate will also follow shortly.
Let’s get to the numbers
Bondora returned 199,16€ (-26,64€ less than last month)
Twino returned 119,56€ (-0,52€ less than last month)
Swaper returned 43,77€ (+12,12 € more than last month)
Robocash returned 4,17€ (first month with Robocash)
Mintos returned 11,96€ (-0,13€ less than last month)
This gives me a total of 378,62€, (-11,00€ less than last month)
which equals 12,62% of my first goal, (-0,37% less than last month)
Remember, you can see the interest history, month over month, on the right side of the page. I hope you find it as exciting to follow as I do.
July was a weak month for Bondora, just like last year. August will probably be low as well. Lenders like their holidays and paying back loans becomes second priority for many. If history continues they will catch up in the fall.
Mintos
As you may know, I use Mintos for my children’s mutual savings account. Mintos is probably the P2P company I trust the most, which is why I put their savings there.
The refer-a-friend program that gave you 1% extra cash on every deposit for 90 days expired on 07.07.2017. If you have not yet invested with Mintos and missed the limited offer, I have good news for you. If you register through my link you will still receive 1% extra on all deposits for 90 days. That means, if you invest e.g. 1.000€, 1.010€ will be credited to your account. Loans with buyback and interest rate of 13.5% can be pickup up at the moment, which I think is quite good.
If you deposit through my link you would also help my daughters (age 5 and 6) reach financial freedom faster, as they would receive 1% too. They only have 1.142€ invested so far, but they love watching it grow every month, even though it’s just a few euros. They would be more than happy for your support!
Where will my spare money go in August?
I’m trying to get it to bring most of my investments to min. 5.000€ to spread the risk more evenly between the platforms. I’m planning to add another 2.000€ to Robocash in August and if Crowdestate adds another investment opportunity (with an estimated return above 15%) I will probably add another 1.000€ here as well.
Engage in the conversation
I love reading your comments and being on this journey with you. If you want me to cover any certain topic or review a specific site, let me know in the comments below!
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