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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!
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