Dear fellow investors, guys and gals, friends and family.
One of the best parts of being financially free is that you have the freedom to spend your time on the things you value the most.
Last month I was presented an opportunity that I couldn’t let pass. A friend of mine asked if I wanted to have a leading role and be partner in his start-up, a vegan restaurant concept, which we plan to spread all over the world.
I have always wanted to be part of an energetic start-up team with big visions and no limits for upside potential so it was an easy YES for me.
Accepting this challenge also means we needed to move back to Denmark, because this is where the company is based. We loved Portugal and plan to move back someday.
Even though I’ll be busy with the new job, I still plan to update the blog every month.
Here’s the numbers for July 2020:
Monthly Income Statement: July 2020
| Crowdlending | Income | XIRR | Invested | Value |
| Bondora* | -492.80€ | 0.39% | 9 902€ | 10 295€ |
| Bulkestate* | 0€ | 7.97% | 10 000€ | 10 989€ |
| Crowdestate* | 2.16€ | 5.51% | 5 305€ | 6 381€ |
| Crowdestor* | 562.05€ | 11.93% | 82 912€ | 93 072€ |
| FastInvest* | 2.08€ | 3.35% | 864€ | 1 130€ |
| Grupeer | 0.00€ | 11.29% | 20 474€ | 24 047€ |
| Mintos* | 234.08€ | 17.82% | 20 000€ | 26 620€ |
| PeerBerry* | 83.68€ | 14.83% | 6 000€ | 6 760€ |
| ReInvest24* | 2.64€ | 2.90% | 1 000€ | 1 034€ |
| Robocash* | 35.44€ | 12.31% | 10 000€ | 12 864€ |
| Swaper* | 258.29€ | 14.25% | 10 000€ | 14 222€ |
| Viventor* | 23.15€ | 14.44% | 5 000€ | 5 722€ |
| Wisefund | 0€ | 14.94% | 17 853€ | 20 626€ |
| Scams | XIRR | Invested | Value | |
| Envestio | -100% | 20 000€ | 0€ | |
| Kuetzal | -100% | 24 700€ | 0€ | |
| Subtotal | 710.71€ | -2.73% | 244 012€ | 233 767€ |
| Real Estate | Income | Invested | Value | |
| Property #1 | 380€ | 40.73% | 18 080€ | 42 459€ |
| Property #2 | 1 167€ | 2.38% | 61 200€ | 62 799€ |
| 1 547€ | 79 280€ | 105 258€ | ||
| Total | 2 257.71€ | 2.40% | 323 292€ | 339 026€ |
Note: I marked Grupeer income as orange for now because it’s future is highly questionable. Read more in the Grupeer section below.
Portfolio performance: Historical view
Income from Crowdlending & Real Estate combined was 2 257.71€
(-931.18€ less than last month).
That means I’m 75.26% Financially Free (-31.04 percentage points down from last month).
Stocks / trading
I added 2 new stocks to my portfolio in July.
- The Hershey Company (HSY)
- Nikola Corp (NKLA)
Hershey and Nikola price levels hit previous lows which makes them interesting for a swing trade. Nikola is extremely speculative where Hershey is a much more conservative trade.
I bought WT Physical Silver (PHAG) on July 21st @ 17.20€ and sold it today @ 21.95€.
I also bought WisdomTree Platinum 2x Daily Leveraged (LPLA:MIL:EUR) today @ 2.65€. Similar to Silver it broke out of it’s previous range yesterday.
This is my current equity portfolio:
[table id=1 /]I buy my stocks and trade on DeGiro, which I consider the best and cheapest no-bullshit broker in Europe. If you use this link to sign up we will both receive a 20€ in transaction reimbursement (fee deduction). I don’t receive any commission besides the fee deduction.
Bondora
I stopped reinvesting in Bondora* a long time ago and I’ve started the slow withdrawal process.
152.69€ was recovered in July but I still have 24 769€ in defaulted loans.
I invested in loans through Bondora’s “Portfolio Manager”. I advise you not to make the same mistake.
If you want to use Bondora’s Go&Grow as a savings account and earn 6.75% interest rate, use this link* to get 5€ free when you sign up.
See more info and screenshot from my Bondora account
Bulkestate
I’m have invested in 2 projects on Bulkestate* and the next payout is scheduled for 21.12.2020.
Bulkestate investors have not experienced issues during the pandemic, which to me, proves it’s a good and reliable real estate crowdfunding platform.
All new investors will receive a 5 EUR cash-back bonus upon their first investment.
See more info and screenshot from my Bulkestate account
Crowdestate
I’m still withdrawing from Crowdestate*. While I don’t think there’s any doubt that the platform is legit, I have not been convinced about their ability to pick the right borrowers. In my opinion, too many projects have experienced payback issues.
See more info and screenshot from my Crowdestate account
Crowdestor
There’s a few delayed projects at Crowdestor* but I’m happy with the level of communication in the official Crowdestor Facebook group and email updates.
Crowdestor’s site was down for a couple of days due to hostile DDoS attacks. They have moved their site to Amazon Web services and is now in a safer environment. I’m pleased to see how they handled the situation in a quick and professional way.
See more info and screenshot from my Crowdestor account
FastInvest
I’m currently not happy with FastInvest*. Withdrawals have been pending for months and we’ve seen no signs of improvement.
See more info and screenshot from my FastInvest account
Grupeer
While it’s clear that Grupeer is facing a lot of problems, they continue to communicate to investors from their blog. Apparently, they’re planning to resume repayments from some Loan Originators within the next couple of months. I’ll have to see it before I believe it though.
According to Grupeer’s own “Portfolio performance audit”, 44% (20.84M EUR) of their portfolio is facing financial difficulties. The latest update was posted on 20.07.2020.
See more info and screenshot from my Grupeer account
Mintos
While many loan originators are struggling on Mintos*, I get the impression that they’re doing a good job handling the situation and getting money back to investors. Several of the defaulted loan originators made substantial repayments to investors in July.
Mintos does a good job giving updates on each and every Loan Originator on their blog.
As you can see from the graph, my Mintos portfolio has not suffered much from the pandemic.
See more info and screenshot from my Mintos account
PeerBerry
I use PeerBerry* as my children’s savings account. Everything is running smooth here.
See more info and screenshot from my PeerBerry account
Reinvest24
ReInvest24* is starting to gain some well deserved traction.
More projects are being published and funding seems to happen quicker than usual. This is a good sign and it’s exactly what ReInvest24 needs in order to gain popularity.
If you want to try ReInvest24 you will get 10€ instantly credited to your account if you sign up with my ReInvest24 referral link*.
ReInvest24 is giving 2% Cashback until 10.08.2020 23:59 if you invest (gross total) at least 500€.
See more info and screenshot from my ReInvest24 account
Robocash
Robocash* borrowers are clearly hit by Covid-19. I’m happy that Robocash has a good economy and never failed to honor their 60 day buyback guarantee.
See more info and screenshot from my Robocash account
Swaper
Record earnings month on Swaper*.
The 60 day buyback kicked in for many loans which explains the higher than usual repayment.
See more info and screenshot from my Swaper account
Viventor
Several loan originators on Viventor* are struggling but at least they are good at communicating what’s going on.
See more info and screenshot from my Viventor account
Wisefund
Wisefund implemented a 3 month grace period in March. According to the “Expected Account Transactions” list in my Dashboard, projects should start paying again from 30.07.2020.
However, no repayments were received in July and no information was given other than this notice in the project descriptions:
Investors in the Telegram group are now preparing for legal action.
See more info and screenshot from my Wisefund account
Real Estate
I received rent from 4 tenants in July. One apartment is currently vacant while it’s being renovated.
See more info about my First property and Second property
Savings rate / expenses overview
My total expenses for the month were 2 348€. It’s a tad more than usual due to a visit to the dentist, a 4 day trip to Porto and flight tickets back to Denmark.
See more info about my Savings rate
Blog statistics
Visitors: 6 226 (-12.51% compared to last month)
Page views: 18 283 (-14.42% compared to last month)
3 135 Subscribers (+15 compared to last month)
1 573 Facebook followers (+12 compared to last month)
Quote of the month
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The sale ends on 17th of August.
Start your own blog
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Free EUR bank account with no fees
I use N26* to transfer to and from my investments. Even living in Portugal, it’s my main choice of bank.
If you live in Denmark, Poland or Sweden having an N26 bank account will save you from currency exchange fees when dealing with euros.
That’s it for this month!
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