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Dear friends, family and financial freedom seekers from all over the world.
The first month of the fall has arrived. I’ve already found the wool socks from my back of my closet in order not to freeze my feet while writing this monthly update. Brr…
I’m looking forward to our vacation in Portugal starting from Tuesday next week. Hopefully the weather is a bit warmer than in Denmark. It would be nice to dive into the pool with my daughters.
We booked a nice holiday home through AirBnB. It’s usually much better and cheaper than a hotel room.
If you’re new to AirBnB and want to give it a try, you’ll get up to 40€ off your first booking by signing up with this link.
My paternity leave has been extended until January 2nd 2020. Yay!
I must admit that I love the slower pace of life without a day job. There’s lots of things I want to do so I never feel bored. The paternity leave is a good way to get first hand experience on “what it will be like” when I retire early.
Anyway, here’s an overview of my financial transactions in the month of September:
Monthly Income Statement: September 2019
| Crowdlending | Income | XIRR | Value |
| Bondora | -394.96€ | 5.71% | 17 750€ |
| Bulkestate | 0.00€ | 2.55% | 10 100€ |
| Crowdestate | 10.30€ | 6.72% | 6 806€ |
| Crowdestor | 314.27€ | 15.68% | 38 285€ |
| Envestio | 370.26€ | 21.00% | 28 742€ |
| FastInvest | 54.18€ | 16.90% | 5 060€ |
| Grupeer | 224.35€ | 15.28% | 22 524€ |
| Kuetzal | 425.92€ | 26.08% | 26 355€ |
| Mintos | 194.13€ | 16.95% | 23 045€ |
| PeerBerry | 32.36€ | 7.89% | 5 032€ |
| ReInvest24 | 1.22€ | -3.94% | 985€ |
| Robocash | 233.29€ | 11.67% | 11 583€ |
| Swaper | 129.95€ | 14.46% | 12 768€ |
| Twino | 76.77€ | 13.50% | 3 313€ |
| Viventor | 27.21€ | 8.01% | 5 064€ |
| Wisefund | 175.44€ | 27.01% | 15 352€ |
| 1 857.28€ | 11.09% | 232 768€ | |
| Real Estate | Income | Equity | |
| Property #1 | 691€ | 39 425€ | |
| Property #2 | 1 162€ | 58 518€ | |
| Total | 3 727.69€ | 330 713€ |
That means I’m 124.26% Financially Free (down 0.59% from last month).
My second goal of 7 000€ per month reached 53.25% (down 0.25% from last month).
Portfolio performance: Historical view
Income from Crowdlending & Real Estate combined was 3 727.69€.
(17.70€ less than last month).
“Crowdlending (except Bondora)” reached 2 269.65€.
(1.70€ less than last month).
Bondora
Another disappointing month on Bondora …
127.69€ was recovered in September but I still have 25 831€ in defaulted loans.
I do not recommend investing with Bondora unless you use the “Go & Grow” product only.
If you want to use Bondora’s Go&Grow as a savings account and earn 6.75% interest rate with instant liquidity, use this link to get 5€ free when you sign up.
See more info and screenshot from my Bondora account
Bulkestate
I visited Bulkestate from September 18-20 and it was great to meet the team. We saw some of the development projects and had some good conversations.
I think I convinced them that monthly interest payments is the way to go!
Igors (the CEO) said they would try to find a way to do monthly repayments, so I’m really looking forward to that. Wouldn’t that be awesome?
It would certainly make the graph look more interesting than this:
I’ll write a review of Bulkestate and include some more pictures from the trip later this month. Hopefully I’ll find time to write it while I’m on vacation.
See more info and screenshot from my Bulkestate account
Crowdestate
I’m slowly leaving Crowdestate.
The amount of delayed projects and especially lack of communication from Crowdestate has reached a point where I’ve had enough.
I asked their support to give me an update on “R. Feldmana 2, LV-1014, Riga” project and they told me “Our CEO is in contact with the project developer. I don’t have the information at the moment to provide any details, but once we receive it, it will be added to the project straight away.”
It’s been more than a month since I asked this question and still no response.
I’ve been happy with Crowdestate until now but it’s not the same platform as it was 2 years ago. They used to have several high yield development projects, now most of them are 11%.
In my opinion, Bulkestate is a much better platform for Real Estate investments.
See more info and screenshot from my Crowdestate account
Crowdestor
Crowdestor is my favorite platform at the moment. They offer high interest rates, amazing performance (all loans have been paid on time) and a great variety of projects.
8 new projects were launched in September!!
The big spike in August happened because I received my first payment from the “Energy production plant” project which pays interest after the first 6 months and every month after that.
I have a few more projects like that so monthly interest on Crowdestor will be significantly higher from December and onwards. I expect my average monthly earnings to exceed 550€ from Q1 2020.
Crowdestor will have a new updated website available soon, maybe already this month. It will introduce a new set of features. I’m really looking forward to see what they have made for us.
See more info and screenshot from my Crowdestor account
Envestio
All projects on Envestio have paid me on time from the day I started in Jun-18.
More than 1 000 new investors joined Envestio in September and more than 26M EUR has been invested.
7 loans worth 4 150 000€ were funded just in September!
If you sign up and invest through my referral link, you will get a 5€ bonus when you deposit at least 100€. In addition, you will also get a 0.5% cash back on all your investments the first 270 days.
See more info and screenshot from my Envestio account
FastInvest
I’m still happy with the performance on FastInvest.
I’m starting to get a little impatient about information about their loan originators though. If this information was publicly available I’d be happy to throw another 5-10k after FastInvest.
See more info and screenshot from my FastInvest account
Grupeer
The 5 000€ I added to Grupeer in August gave me a small performance boost in September. I expect the monthly cash flow to exceed 250€ in a couple of months.
See more info and screenshot from my Grupeer account
Kuetzal
Kuetzal gave me the highest return of all platforms in September.
425.92€ interest earned from an account value of 26 355€. Very impressive.
While I was in Riga last month, I scheduled a short meeting with Alberts. We had dinner on an Italian restaurant and went to Marupe to see one of the row houses under development.
This is the first “Row House in Marupe” project built by SIA “ALPA Būve”. They decided to build 2 x 2 Row houses instead of 1 x 4, that would be more profitable.
The houses are quickly coming to life and they are on-track with the building schedule.
Kuetzal is a bit slower to add new projects than the competition for the time being. People used to be concerned whether a project was going to be funded or not. I guess that’s not the case anymore!
Yesterday this “Shredder machine” project was released and it was funded within a few hours.
I was happy to get a share of it, 20% with buyback is pretty darn good when I struggle to find loans with 10-11% interest on Mintos.
If you want to give Kuetzal a go you can use the promo code FINANCIALLYFREE to get a 15€ gift, instantly credited to your account.
Mintos
As mentioned above, the interest rates on Mintos are dropping really fast. The equal drop in earnings doesn’t come as a surprise.
My “Weighted average interest rate” was 15.43% in August. Now it’s 12.77% and I have spent several hours trying to invest manually to get the highest yielding loans.
Needless to say, my diversification between loan originators have suffered as a result.
The interest rate drops on Mintos come every year but somehow people are still surprised when it happens. Of course, Mintos is different now than last year; double amount of investors and the Invest&Access product was launched.
Mintos is working hard to attract new loan originators though. I expect the rates to go back to 13% in Q1 2020 when supply and demand meets again.
If you sign up with Mintos through my referral link you’ll get an exclusive 1% cash back bonus on all investments you make within the first 90 days from your registration.
See more info and screenshot from my Mintos account
Reinvest24
I received my third interest payment on ReInvest24 in September. Income is still low because only 1 of 3 projects I invested in started paying. In a month or two all 3 projects should be paying.
If you want to try ReInvest24 you will get 10€ instantly credited to your account if you sign up with this referral link.
See more info and screenshot from my ReInvest24 account
PeerBerry
I received my first interest payments on PeerBerry in September.
As with any new investment it takes a couple of months for the returns to stablize. I expect around 58€ return per month starting from October.
See more info and screenshot from my PeerBerry account
Robocash
I received the biggest monthly return Robocash ever.
Several 1 year “installment loans” were paid back and I received all the accumulated interest for those loans.
I don’t invest into installment loans anymore, I prefer a monthly cash flow.
Starting from November we should start seing regular returns around 125€ per month.
See more info and screenshot from my Robocash account
Swaper
Swaper originated 7.5M EUR loans in the past 30 days. That’s almost double the amount compared to the start of the year.
I really hope they will be able to keep this trend going. It’s a great platform when there’s enough loans to invest in.
Swaper decided to extend the promotional offer until 2nd of November 2019.
New investors who sign up by using my affiliate link gets the Swaper Loyalty Bonus (+2%) on all investments made during the first three months. This means instead of a 12% profit you will earn 14%!
If you invest 5 000€ or more you will get the Loyalty Bonus and continue to earn 14% on future investments, just like I do.
See more info and screenshot from my Swaper account
Twino
Best month on Twino in almost 2 years.
The RUB currency exposure makes this portfolio a lot more volatile than other platforms I invest in.
I really don’t like it, I prefer a more predictable income.
See more info and screenshot from my Twino account
Viventor
September was my 3rd “real” month of investing with Viventor.
I received more repayments from the loan originators “Aforti Factor” and “Aforti Finance” who were hit by liquidity issues. I think everything will be “recovered”, Aforti is back on track according to Viventor.
Whenever I reveive a repayment, my auto-invest re-invests into loans with 14% interest rate. Much better than Mintos currently.
I’m still “testing out” Viventor to see if I want to deposit more money. I like how the platform works, it’s really good with it’s infographics and statistics.
The biggest downside is communication level from their support. I’ve heard that they’re hiring people and I expect them to improve in the near future.
See more info and screenshot from my Viventor account
Wisefund
I met with Ingus Linkevics 
from Wisefund on my trip to Riga last month. He’s a very calm “down-to-earth” kinda person.
It was a spontaneous casual meeting where we met in their office and talked for 3 hours with a lunch in between. Their lawyer was present as well for any legal questions I wanted to ask.
We will most likely plan a meeting in November where I will go more in-debt with questions regarding the platform, it’s projects and borrowers. I’m looking forward to that!
Currently 2 projects are open for investment, one of the with a 19.35% interest rate. All projects on Wisefund to date have 100% buyback guarantee.
The contract farming project is 91% funded already. I know they have several projects in pipeline, some of them with interest rates above 20%.
Wisefund reminds me of Envestio in it’s early days. They have a professional approach and quality answers for your questions. I have high hopes for this platform!
I will most likely send my next 10k to Wisefund.
If you sign up and invest through my referral link, you will get 0.5% cash back on all your investments the first 270 days.
See more info and screenshot from my Wisefund account
Real Estate
I received rent from all 5 tenants on time in September.
A tenant in the second property had called me a few times because she had issues with the water not draining from the kitchen sink.
I did everything I could to clean the pipes from inside but it didn’t help.
I ended up hiring a professional. A suction vehicle cleaned the sewers and that solved the issue!
See more info about my First property and Second property
Savings rate
My savings rate for September was -66.76% (-12.51% compared to last month).
This was my second month in a row with negative savings rate 🙁
Here’s the reason for the high expenses:
- I made the second payment of our 2 week holiday in Portugal next month. The vacation will cost me ~3 500€ for flights, accomodation and a rental car.
- My income is a lot lower while I’m on paternity leave.
Who would have known that a 1 671€ “salary” from the state while being on paternity leave combined with high vacation expenses spells disaster for your savings rate?
It’s been a while since we spent anything on the family so I think we deserve this little splash.
From November my salary will be back to normal, which is ~3 800€ after taxes.
See more info about my Savings rate
Blog statistics
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Page views: 47 016 (-6.34% compared to last month)
2 145 Subscribers (+168 compared to last month)
1 007 Facebook followers (+55 compared to last month)
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