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Hello fellow freedom and wealth seekers!
March was another great month setting a new personal record for me. After hitting 1.000€ last month, I actually expected March to return a little bit less. But the money just keeps pouring in. We are still dealing with relatively small numbers here but I’m really having fun with this money game. As you can see on the Income history page, things are definitely going in the right direction.
Here is my income statement for March 2018.
P2P Investments:
Bondora returned 51,03€ (-75,51€ less than last month)
Twino returned 16,72€ (-1,58€ less than last month)
Swaper returned 104,64€ (+44,11€ more than last month)
Robocash returned 72,24€ (+15,84€ more than last month)
Crowdestate returned 32,72€ (+20,63€ more than last month)
Mintos returned 47,67€ (+21,88€ more than last month)
Real Estate:
First property returned 660€
Blog:
Blog returned 151,96€ (+78,95€ more than last month)
Total:
1.136,98€ (+104,32€ more than last month) which equals
37,90% of my first goal (+3,11% more than last month)
Comments on the returns
Bondora
Even though most platforms returned more than last month, Bondora’s “net interest returned” keeps going down the rabbit hole. I think it will just be a matter of months until the returns will be negative. The only positive thing is that the total repayments on the platform have been quite stable returning 800-1000€ every month.
I stopped reinvesting in November 2017 and started withdrawing from the platform. I feel quite confident that I will get all invested principal back eventually but I don’t expect to get much profit out of it. Bondora’s own “Yield to maturity” calculator says expected return = 3,63%.
Crowdestate
All investments on Crowdestate paid on time this month. Last month the “Global Nord Timber OÜ” project was a few days late but they’re back on track now. Crowdestate explained that “There was some mixup with bank accounts.” Everything is good and they are publishing a lot of new projects every month.
Crowdestor
The first project “TESLA TAXI Park Riga” was successfully funded and if I’m not mistaking the first interest repayment should be made on the 5th of April. I asked Gunars Udris, head of Product & Services, to post a payment schedule as soon as possible. I think it would be nice to have a better overview of payments just like other platforms provide.
Their next project is a Cryptocurrency Mining Farm with a 3 month loan period and a stunning 36% yearly interest rate. That means if you’re investing 1.000€ you will receive 1.090€ after 3 months. A high yield investment like this is definitely a “make or break” kind of investment for a new platform like Crowdestor. If this project fails to pay or is late on payments it will ruin the trust in the platform. I think it’s pretty risky to offer such a project as their second investment but they must be pretty confident since they dare to do so.
If you want to invest in the project I’d suggest using TransferWise to wire the transfer. I used the service myself for my investment in Crowdestor and the money arrived less than 12 hours after I sent them. That’s fast for international payments which normally takes 2-3 days. And there’s a good chance that’s it’s cheaper than using your regular bank as well.
Mintos
Mintos is still crushing it with cash back campaigns and lots of loans offering 14% and buyback guarantee. You can still get up to 5% cash back if you invest in 60 month loans from Mogo. The campaign was extended once again, this time to 16.04.2018. It’s a great opportunity to invest in Mintos if you plan to get involved in the platform.
Swaper
Swaper never fails to amaze me, it’s definitely one of my favorite platforms at the moment. I have a current XIRR of 14.7%.
On March 20th they should have launched their Russian loan company which would bring even more loans to the marketplace. However, they had to postpone it one month, so mid to late April is now expected. Even without the Russian market there’s almost no cash drag, funds are invested daily.
I added another 1.500€ to my investment in late February which gave a nice bump to the returns in March.
Robocash
March was a solid month for Robocash as well. As you may remember, I bumped up my investment from 3.000€ to 6.000€ last month and it shows immediately in the income graph.
When I talked to Robocash last month they revealed they’re working on a “loyalty program”. More information about this is expected to be announced in April. I can’t wait to hear more!
Blog
March was a new record month for blog income. The only way I generate income from the blog is when you choose to sign up with one of the platforms using my affiliate links. I don’t want to display banner ads or any other disturbing content.
Sometimes you get extra benefits from using my links, eg. on Mintos you will get an exclusive 1% bonus on all investments you make within the first 90 days from your registration. You would not get that if you sign up directly on Mintos.com.
When this blog reaches a significant amount of readers I will try to negotiate other exclusive deals for you guys only. I really appreciate your support.
Until next time
On April 5th I have a meeting with the seller of what could turn out to be my second property. We will visit the property, have good look around and discuss financing options again. If I manage to buy this property (with 6 apartments!) I would get a lot closer to my first Financial Freedom goal. I’m really looking forward to seeing the place.
How was your month of March? Please share below, I love the interaction.
Happy easter everyone!
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