Portfolio update December 2019

Portfolio update May 2019 : P2P investments Envestio Bulkestate Reinvest24 Viventor FastInvest Swaper Robo.cash Twino Mintos Bondora Crowdestor Crowdestate Grupeer Kuetzal PeerBerry Wisefund reviews

To all my readers and followers. Happy New Year everyone!

It’s time to wrap up the year and see how my portfolio performed in the last month of 2019.

But before we continue I’d like everyone to take a chill-pill. I get way too many emails and messages from people who are worried by the slightest hickup.

Crowdlending platforms are high-risk investments! If you’re not prepared for some rollercoaster action you should probably invest in something else.

Yes, I follow the sector closely. Yes, I visit platforms, engage with the community etc. In fact, I do everything I can to be the guy who has the most insights into the Baltic crowdlending industry. But in the end, please keep in mind;

I’m just a private investor, just like you.

Before you ask me, please remember that 15k monthly visitors probably have the same questions as you do. There’s no way I can respond to everyone individually. Try to remember…. If I can find information, so can you.

If I know anything new, you can be sure I’ll post about it!

By the way, here’s some news for you: 5-6 platforms are working on creating a group/association with the purpose of telling everyone “We approve each other’s work”. They want to differentiate themselves to avoid being put into the same category as – let’s just say “less trusted platforms”.

Please join our group in Telegram @CrowdlendingGlobal for discussion regarding Kuetzal. The comment section gets filled up too quickly here.

Now, let’s move on to see how much I made in December.


Monthly Income Statement: December 2019

Crowdlending Income XIRR Value
Bondora -439.97€ 4.32% 15 285€
Bulkestate 8.24€ 15.71% 10 989€
Crowdestate 12.51€ 6.30% 6 849€
Crowdestor 1 495.76€ 16.55% 80 818€
Envestio 436.48€ 20.66% 30 047€
FastInvest 56.31€ 16.36% 5 224€
Grupeer 258.95€ 14.97% 23 286€
Kuetzal 445.16€ 20.74% 27 433€
Mintos 218.35€ 16.15% 23 776€
PeerBerry 65.30€ 13.39% 5 723€
ReInvest24 2.64€ -1.42% 991€
Robocash 123.42€ 13.00% 12 141€
Swaper 134.68€ 14.33% 13 176€
Viventor 69.10€ 11.31% 5 228€
Wisefund 665.23€ 26.30% 31 874€
3 552.16€ 11.66% 292 847€
Real Estate Income Equity
Property #1 691€ 40 436€
Property #2 1 162€ 59 947€
1 853€ 100 383€
Total 5 405.16€ 393 231€

That means I’m 180.17% Financially Free (up 7.36% from last month).

My second goal of 7 000€ per month reached 77.22% (up 3.16% from last month).

Portfolio performance: Historical view

Income from Crowdlending & Real Estate combined was 5 405.16€.
(220.92€ more than last month).

Investments income graph

“Crowdlending (except Bondora)” reached 3 992.13€.
(236.08 more than last month).

Crowdlending income graph

Bondora

I stopped reinvesting in Bondora a long time ago and I’ve started the slow withdrawal process.

I read somewhere that Bondora’s own employees only invest in Go&Grow. None of them uses Portfolio Manager or Portfolio Pro. They have probably seen my income graph as well 🙂

Bondora income graph

96.34€ was recovered in December but I still have 25 588€ in defaulted loans.

Bondora cash flow from recoveries

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 saw my second repayment from Bulkestate in December.

8.24€ of interest earned from the project I invested 100€ in on 19.06.2019. The project repaid 17 days in advance, it was scheduled for repayment on 27.12.2020.

Bulkestate income graph

Like I mentioned last month, the 10 000€ I invested in Marijas Street returned 10 773.15€ on November 29th. After the repayment, I needed a new project to invest the money in.

I was happy to see the Blaumana 9 project on December 6th which has an annual return of 15% + 1% for investments larger than 10 000€. This is where my spare cash went.

Bulkestate Blaumana Street 9

To sum everything up, I’ve already earned 989.12€ from the 10 000€ deposit I made on 08.05.2019. Not bad from mortgage backed real estate investments!

Bulkestate transactions

See more info and screenshot from my Bulkestate account

Crowdestate

The problems on Crowdestate starts to show in my income graph.

Crowdestate income graph

I have 5 late projects with Crowdestate.

Crowdestate delayed payments

Not much new to report since last month, except that H.M. Seafood OÜ was declared bankrupt:

“Bankruptcy petition has been filed against H.M Seafood OÜ for non-payment of debts. A temporary bankruptcy trustee has been appointed and a hearing is scheduled for January 20, 2020.”

It’ll be interesting to see how well Crowdestate will handle the defaults and delays in 2020.

See more info and screenshot from my Crowdestate account

Crowdestor

Crowdestor is my favorite platform. They offer high interest rates, amazing performance (all loans have been paid on time) and a great variety of projects.

Crowdestor income graph

I received the first interest payment for the project “Renovation of eclecticism style building”. Interest for the first 6 months were accumulated and paid as a bullet payment.

1 056.62€ after 6 months for a 10 000€ investment. Wham! Bam! Thank You Ma’am!

Crowdestor interest payment schedule

Next week we’ll be able to invest in two high yielding projects.

  • Limp Bizkit – Summer Tour 2020 (9 month duration) <- How awesome is that?!
  • Fertilizer Export Financing (3 month duration)

Both projects have projected interest rates at 21% per annum!

Take my money!!!

Crowdestor Limp Bizkit Summer Tour 2020

See more info and screenshot from my Crowdestor account

Envestio

It’s been 19 months since I made my first deposit at Envestio.

Envestio income graph

During my trip to Riga on December 16-18th, I was lucky enough to schedule a quick meeting with the new COO Mr. Eduard Ritsmann 

Eduard showed us the “Financing of refurbishment of hostel– Mezaparks” project. Here’s some pictures for you.

We also met the Mezaparks borrower who told us everything about the renovation project. Very inspiring guy who gave sharp, detailed and fast answer to all our questions. He expects the renovation to be finished in May 2020, it would be fun to come back to see the final result!

Unfortunately, all the fuzz about Eduard’s background (where he’s been involved in projects most people would consider scam) came up a few days after after my visit, so I didn’t have a chance to ask him directly about it.

Eduard may be a great sales man and it’s nice that he speaks 5 languages. However, I find it disturbing that the new Envestio owner chose to hire him. Eduards reputation from previous activities could hurt Envestio’s image.

Let’s not be too pessimistic about this, keep in mind, his past experience will not impact Envestio’s business plan or the quality of their projects.

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

FastInvest keeps bobbing along. I have invested in them for 20 months without any issues.

FastInvest income graph

They now have 39k registered users, paid out €1.44M in interest and no investors have lost money.

FastInvest 2019 statistics

See more info and screenshot from my FastInvest account

Grupeer

Grupeer remains one of the most stable investments in my portfolio.

Grupeer income graph

Loans placed by Finsputnik Platforma, PlanetaCash and Primo Invest offers 14% interest rate until January 12th. The usually come with 13% interest rate.

See more info and screenshot from my Grupeer account

Kuetzal

Here’s the black sheep of the month.

While the graph looks nice and steady, it’s still unclear if we can trust the returns and actually get our money out.

Kuetzal income graph

My last post “Concerns about Kuetzal – Is Kuetzal a scam?” has resulted in hundreds of emails to Kuetzal (and to me). Many people have expressed desire to make use of the buyback guarantee, including myself.

Most of the panic happened up to – and during Christmas holidays. On top of that, Kuetzal only has a few employees, which has resulted in almost complete silence from them.

I’ll wait a few weeks to see what happens next, there’s not much we can do anyway (there’s no evidence of fraud). Writing more emails to them will only make the workload bigger and extend the time it will take them to catch up.

I cannot recommend Kuetzal at the moment. Don’t deposit any money until further notice.

Mintos

The interest rates on Mintos are climbing back up again, just like I predicted. We saw interest rates as high as 14.2% in December.

Many people blamed Invest&Access for the interest rate drop in the summer but I think the main reason was seasonal swings as we see every year.

Mintos income graph

A German guy created this Google Sheet which is automatically updated with the latest interest rates from all Loan Originators on Mintos. It’s really nice to get an overview of current and past interest rate levels.

If you sign up with my Mintos referral link, you’ll get 0.5% cash back on all investments you make within the first 90 days of registration.

See more info and screenshot from my Mintos account

PeerBerry

I use PeerBerry for my children’s savings account. They received their fourth interest payment in December.

PeerBerry income graph

Overall, I’m happy with the platform even though the highest yielding interest rates have dropped from 13.1% to 12.7% since I opened my account.

There’s plenty of short-term loans available at 11.5%.

See more info and screenshot from my PeerBerry account

Reinvest24

2 out of 3 projects I invested in on ReInvest24 are now paying dividends, 1 is waiting to be sold.

ReInvest24 income graph

I hope ReInvest24 will turn out to be an amazing platform. They’re still lacking volume to fund their projects fast enough.

This is their latest project, which is already rented out (8 year fixed rental contract). Investors will start earning interest from the day they invest.

ReInvest24 Rocca Al Mara

If you want to try ReInvest24 you will get 10€ instantly credited to your account if you sign up with my ReInvest24 referral link.

See more info and screenshot from my ReInvest24 account

Robocash

35% of my Robocash portfolio is currently idle.

Robocash income graph

Robocash (and several other loan originators) are no longer allowed to operate on the Philippine market. Read the official message on the Robocash blog.

They still have several other markets to operate on, it’s a shame nonetheless. The cash drag was increasing already and with one market less it’s probably only going to be worse (in the short term).

Robocash announced the news publicly a few days after the license had been revoked, kudos for that.

My portfolio doesn’t have any “Installment loans” anymore. I predicted a monthly return of 125€ per month, starting from December. I was pretty close, December returned 123.42€.

See more info and screenshot from my Robocash account

Swaper

Not much to report on Swaper either. That’s a good thing these days!

Swaper income graph

I typically have 2 000€ idle waiting to be invested. If this cash drag stopped, I’d be happy to invest a lot more in Swaper.

If any of you have more than 25k invested on Swaper, I’d love to hear from you. How much cash drag to you typically have?

See more info and screenshot from my Swaper account

Viventor

I’m still testing out Viventor to see whether it’s a platform I like to keep in the long run. The platform is working very smooth – so far so good.

Viventor income graph

Not a single repayment from the troubled loan originator “Aforti” in November or December. No news either. Not a good sign. But the same goes for Aforti on Mintos, no difference there.

See more info and screenshot from my Viventor account

Wisefund

I had the pleasure of visiting Wisefund in December. I was acompanied by Terry, a follower of my blog and investor, who flew in from Germany.

We spent 2 days with Wisefund and we also met:

  • A business partner (Nord Capital Markets)
  • An existing borrower (KRM Service LTD)
  • A potential borrower (FLC Logistics)

Great experience!

We recorded 2 video interviews. One about Wisefund with Ingus and one with the owner of KRM Service LTD.

I expect the videos to be edited and published by the end of this month.

Wisefund income graph

I was only supposed to earn 505.81€ on Wisefund in December but due to early repayment of a project I received 665.23€. The borrower paid an extra month of interest (159.42€) in order to pay back the loan prematurely.

Wisefund HoReCa supplies

Now I have more than 11k idle waiting for new projects to invest in. For this reason, interest earned next month will be significantly lower at 346.39€.

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 as usual.

Income from rental properties

Expenses in 2020 didn’t start out gentle to me, as I was hoping for. Someone decided to blow up one of my tenant’s mail boxes on New Year’s Eve.

A new mail box is on 13.5€ but it took me a few hours to buy it, drive to the property and mount the new one.

This is a good example of one of the tasks I’ll need to figure out how to handle when I live abroad!

See more info about my First property and Second property

Savings rate

My savings rate for December was 62.64%.

I finished off the year with an average savings rate for 2019 at 48.76%.

Personal savings rate 2019

If it wasn’t for my reduced income while being on paternity leave and extra high expenses in August and September (buying a suite for weddings and expensive holiday in Portugal) I could have hit a 60% savings rate for 2019.

From 31.01.2020 I’m relying 100% on myself to generate enough income for our family. The math says we should be fine but it’s still a bit scary to think about it. I’ve always been dependent on salary from a job.

See more info about my Savings rate

Blog statistics

WordPress blog statistics

Visitors: 16 629 (+34.27% compared to last month)
Page views: 73 416 (+48.58% compared to last month)

2 647 Subscribers (+210 compared to last month)
1 305 Facebook followers (+128 compared to last month)

Start your own blog

FinanciallyFree is hosted on SiteGround for the incredible low price of 3.95€ per month. I honestly couldn’t imagine a better host for a WordPress site!

SiteGround - Cheap Web Hosting for WordPress

Free EUR bank account with no fees

I recently opened a bank account with N26 and received a free MasterCard. They are similar to Revolut but N26 has much higher transfer limits and you can withdraw euros from any ATM up to five times every month for free.

N26 is a German bank with base in Berlin and your account is secured up to 100 000€ like any traditional bank!

2 of my good friends have been using N26 for a couple of years and they both endorse their services. I LOVE N26 already!

N26 bank account

That’s it for this month!

If you enjoyed this post, maybe your friends will like it too? Hit the like button below and/or share it with your friends!

P.S. When you comment, please use your first name or your full name. Blog names are not accepted and will be renamed to Anonymous.

70 Replies to “Portfolio update December 2019”

    1. Great update Jorgen!
      Can you please also share more information about the property investment,it’s location and how do you finalize both of your property investments.

      1. Thank you Rajesh. My properties are located in Denmark. Only Danish people can buy Danish real estate. You can see all the financial info about the properties in the “Real Estate” menu.

  1. I think some investors are worried that those Kuetzal problems are not only confined to that platform, but are a symptom of deeper problems in the entire industry.
    Hence why as bloggers we should stress the “risk-side” part of these investments and not only look at interest rates, but also try to evaluate the risk of losing one’s principal

  2. Great update Jorgen! Congrats on an ever growing blog!

    The rest of us hope to be you one day 😀

    Next month, Portugal!! 😀

  3. Happy new year!

    I am suprised to see your high interest on Mintos for December 2019. I could only get to 7,25% this month, although I have to say that I am fully in invest & access at the moment.

    Are you using invest & access or are you buying automatically or manually on primary or secondary market?

    1. “invest & access” is definitely unefficient way of investing, 7.25% and event then you don’t have possibility to liquidity your investment when you want to as they advertise that 🙂 this feature was created only for naive users, to invest into the lowest interest rate loans. otherwise, no one probably bought them. I guess that is the truth 🙂

  4. 5-6 platforms are working on creating a group/association with the purpose of telling everyone “We approve each other’s work”. They wan’t to differentiate themselves to avoid being put into the same category as – let’s just say “less trusted platforms”.

    This is an interesting development, but it can become a sort of cartel / monopoly…

    How did you learn about that?

          1. Sure, no problem 🙂
            In any case, it’s interesting to know they are making efforts to increase the trust in this sector.

  5. Translated by Google:
    Hey Jorgen, I live in Lisbon and follow your blog for some time, I’m happy and welcome you to live in Portugal. You made a wise choice because here is very good to live, maybe we met in person and had a coffee.
    a big hug

    Original message:
    Hey Jorgen, vivo em Lisboa e acompanho seu blog a algum tempo, fico feliz e lhe dou as boas vindas para morar em portugal. Vc fez uma sabia escolha pois aqui é muito bom para se viver, quem sabe nos conhecemos pessoalmente e tomamos um café.
    um grande abraço

  6. Happy New Year Jorgen! Do you trust those new projects on crowdestor? i really think to invest on them too but i cannot believe they have so high interest!!
    Thank you!

    1. Hi Jorge,

      I trust all projects on Crowdestor. Why? Because I trust Janis and Gunars. If it’s good enough for them to invest in the project, it’s good enough for me as well.

        1. That’s not going to happen, Janis is founder, CEO and board member of Crowdestor and I have met him several times. The owner of Kuetzal doesn’t want to show in public, there’s no comparison.

  7. Aforti : Message received last week
    “For the last couple of months we have been preparing formal steps with our lawyers in Poland for legal actions. Just last week we sent the formal termination of a Partnership agreement for suspended negotiations and breaches of the terms. Moreover, since the same Aforti practices are seen in relations with other P2P platforms too, we are going to request Polish and Lithuanian supervisory authorities to investigate Aforti practices of financing licensed activities. Now we determined to use the full force of law to protect your and our interests. We’ll come up with public announcement soon. I hope I satisfied a part of your interest.”

  8. Hi Jørgen,

    Another great report and great work like always. You’re really smashing it.
    I’m like you, I can’t get enough of Crowdestor at the moment, they seem to be really ticking all of the boxes.
    Also, thanks for all of your work with the Kuetzal stuff as well. It probably explains the increased visits to your site this month?
    I’m sure they are under a heap of pressure at the moment.
    Anyway, keep it up!

    Matt / thewahman

  9. Happy new year Jorgen and thx again for a nice portfolio update and sharing your thoughts regarding the current situation! 🙂

  10. It seems like someone is dumping all his/her Envestio loans.
    This morning, about 17 previously funded loans appeared with openings ranging from tens of euros to 11 grand.

    Now, this doesn’t have to mean anything, maybe a better investment oportunity came along for this person or he needed the money for something else, but it’s about a €100k hole in Envestio’s buyback fund in one go.

    1. This happens from time to time and is natural with 14k investors and 33.5M EUR funded. The loan parts are typically bought by other investors within a couple of days. (It’s only 60k now)

      1. It’s a good way to use up some of that idle cash since Envestio aren’t issuing many new loans and the ones they do are just slices of a larger project.

      2. It’s currently almost €300k of ditched loans.
        I have a feeling something is seriously wrong with Envestio.

        I’ve moved almost all of my cash to Crowdestor and Mintos.

    2. This was also happening during Christmas time. I saw that at one point it was about 25 projects, but investors bought it all. Don’t think about it as hole in Envestio’s buyback, because people continuously buying it back. It’s exactly opposite, it’s free money for Envestio because they charge buyback as 5% of the principal. So, €5k free for Envestio at the end. I think that some investors are afraid of the new guy in Envestio because it happened in the same time as in Kuetzal.

      1. I noticed this as well during the period after Christmas. Looking again today it looks like it’s continuing. There are currently 31 loans on offer, most of them look like previously funded loans. As you mentioned this might just be natural, but I haven’t seen it that often as I am normally in a cash-drag situation with Envestio. I hope it’s nothing as I am doing quite well with them

  11. Happy new year Jørgen,
    thanks for sharing all your info, I wish health and prosperity for 2020.

  12. On Monday I asked Kuetzal on messenger when I can expect my buyback to be processed, today I got reply:

    “Hello,

    We are now trying to unblock our bank account to be able to make all of our pending transfers. We are expecting to finish our AML procedure by the of January and make every payment during the first week of February”

    1. Yes, someone copied Kuetzal’s webpage at an early stage. It has been reported to authorities. There’s no way to deposit money to the site so it cannot be abused. I has not been updated since it was created.

  13. Mateusz,

    “Hello,

    We are now trying to unblock our bank account to be able to make all of our pending transfers. We are expecting to finish our AML procedure by the of January and make every payment during the first week of February”

    Kuetzal ; don’t make us believe fairytales, this sounds like a very weak argument for all this silence from their side.

    Don’t believe it, their must be much more to it.

    A blocked bank account is one thing, but doesn’t mean your website is down to make a statement to all us worrying clients for weeks now.

    Suppose this was the only problem, then this doesn’t mean you can’t put 1 mail out to your clients first day this happens, just to inform them and thereby letting know you’re in control a the situation.

    Very weak practise, feels like they are not in control over the very thing they created, don’t know how to solve the problem other then avoiding everything.

    I wonder what they were doing all this weeks, sitting by the Christmass tree thinking about all those investers worrying?

    I hope for them to get second thought’s, acknowledge that they have a serious problem now and take responsibility to seek professional help to solve this.
    That they do everything in their abilities to recover some of the principals invested and save their business.

    Maybe ask the well-of entities behind the Kuetzal-Care program, to jump in temporarly to get out of trouble.

    Maybe if one employee of Kuetzal reading this, it would be appreciated if you only could inform us of the real thing what’s happening… no matter how bad it is.

    Their’s a good change your clients have ideas that can help solve the problem, but hiding only makes things worse.

    Doing nothing results in clients using BuyBack in big scale, I think the worst scenario of all for your business….
    It doesn’t matter making a mistake, I matters not to trying to solve it by asking for help.

    Come on, get out of the shade and let us help solve the problem…

  14. Hi Jorgen,
    Have you been able to find out who is the magic 3rd party that is going to honor Wisefund’s buyback obligations?

    I’ve asked them, but got no reply :/

    1. Yes, I received the letter of assurance from them, signed by Chun Yuen Wong. This is the company info:

      Best Treasure Limited
      CR No. 2220572
      2/F, Shui Yee Factory Building,
      15 Ash Street, Tai Kok Tsui,
      Kowloon, Hong Kong

      1. Thank you very much for this Jorgen.
        Building looks a bit dilapidated, but it is considered to be an office building on hong kong websites…

  15. Hi Jørgen
    Thank you for the great job you are doing for the benefit of all of us – investors in crowdlending.

    As the situation with Kuetzal is making us all more careful, I want to share some observations regarding some other investment opportunity.

    My post regards Envestio – Global Data Solutions tier 2 project. It has attracted about 200k during the last 24 hours. As I am writing this, there is still 150k available to invest.
    The Borrower is “Togetherdata” Co Ltd in Poland. The Company exists in Polish Companies House Registrar (KRS). It shows that the Company submitted the annual return covering 2018 in mid July 2019. So far so good.
    It also shows the Company’s Directors: “Brach Paweł Jarosław” and “Grams Michał Jacek” – they are the two gentlemen you can see in the EY YouTube video clip included on the Envestio’s description page.
    Now the problems begin:
    1. According to Pawel Brach’s LinkedIn profile, he is no longer the Company’s employee, let alone the Director.
    2. According to Michal Grams’ LinkedIn profile, he is now a General Manager in some other company, while his role in Togetherdata is described as “CIO, Founder”.
    3. According to the Company’s LinkedIn profile, the company web address is togetherdata dot com. This link is dead.
    4. According the the Envestio’s description, the Company’s web address is tgdexperts dot com. This is link is also dead.
    My biggest doubt: Envestio is using the EY presentation featuring two high profile IT professionals to promote a project and a company, which seem to have little to do with any of these people. The Company, while being presented as a cutting edge IT business, does not have a credible online presence.
    My take on this: too many holes, too few solid answers. I would stay away from this investment.

    Jørgen – keep the blog alive, it is so valuable to all of us. Good luck!

    1. Hi Aleks,
      Thanks for digging deeper into the projects!! Would you please raise your concerns to Envestio and ask for feedback on your questions? If the answers are not satisfactory, please post the reply here. Thanks!

      1. Hi Aleks,
        Did you have a chance to contact and/or hear anything back from Envestio? I am exposed to the Global Data Solutions loans so really interested in your comments. Cheers.

    2. Hi Aleks,

      your concern let me as well do some research for this company, as I am an investor in envestio for more than one year.

      About this company, the video presentation seems to be old and they somehow did not update all of there marketing material.
      There webpage of togetherdata is only working in polish:
      https://togetherdata.pl/
      There is Pawel Brac still listed as vice president.
      Seems like he did leave the comany in april 2019, but they did not update there material. They there were really successfull in 2018 as there were getting referals in crunchbase and they were featured in the polish forbes magazine.

      Since 9 months ago they do not post any news on there webpage, linked in or twitter. This is an odd change like there are some issues since the changes in management, at least from the marketing site.

      My Assesement:
      Either they do have some serious internal trouble or they focus on direct business with established costumers, they are too busy for marketing and do not have to accire new customers in this booming business.

      I would like to hear your thoughts.

      Best regards
      Daniel

  16. Hi Jorgen,

    Is there any reason why you don’t invest more in Real State. It’s seems many times safer than crowdlending (especially after the Kuetza situation), and some of the money you have on those platforms can easily be used for the initial payment on a mortgage.

    Cheers

    1. I would if I didn’t move to Portugal. I’d like to see how it is to manage my properties as a long-distance landlord until I buy more. Having more properties is also more work and more administration, crowdlending is much more passive.

  17. Hi Jorgen! Happy new year!
    Can you say to me the plugin you use for generate the graphic for example you have in your Portfolio Section? Thanks

  18. Hi Jørgen,

    Thank you for your post. You write that you keep your children’s savings with Peerberry. Why is that? Do you think that’s a less risky investment than other platforms? Is Peerberry a profitable company?

  19. HI,
    Envestio: payments scheduled for January 17 and 18 were not credited to my account. It is the first time in 2 years.
    Am I the only one ??

    1. Additional concerns about Envestio, a payout request from Jan 13th has still not reached my account…

      1. It usually takes just a couple of days. But last summer I had the same problem than you have now. I contacted them and I received the money the next day.

  20. Hi
    same problem, withdrawal of January 13 still not credited
    I phoned yesterday, their response wait 2 more days …
    This withdrawal is made following a refund, not a sale ….

  21. I have tested several platforms for withdrawal of some free money in the account. Envestio was the only one that still haven’t paid anything (request on 13.01.2020.). Others – Mintos, Crowdestor, Crowdestate, Wisefund, Estateguru, Bondster, Robocash, Monethera, Viventor, Peerberry and Dofinance have paid back on time. Some of them even on the same day.

    I hope it will sort out and Envestio will take the necessary actions to stabilise the situation and give regular updates on the progress.

  22. Envestio just posted on social media that they’re starting to get liquidity problems and are constantly under a DDOS attack.

    My hunch a week ago was correct. They’re not paying out withdrawals at the moment. The site is almost inaccessible.

    The best thing they can do, is stop providing the instant-buyback feature. It’s a very dangerous feature in this market where mass-panic can ocur.

    1. Another solution can be to offer some buyback bonus (up to 5% without lose for them) for those who will buy share in abandoned loan. This can bring a lot of lost liquidity back to platform.

    2. Hi Laurens, where on social media exactly did you see this post from Envestio? I haven’t been able to find it. If it’s a DDOS attack that would explain their site being down at the moment. Hopefully they can fix things quickly. Otherwise it’s turning into yet another sinking ship.

        1. annnnddd this site is also gone.. Main site gone, people not getting the withdrawels, blog gone, some envestio people who removed their LinkedIn account. Exit scam?

  23. I was going to check my envestio account today, but the site now is currently down! (00.05 GMT+1) I went to check the blog and i found this new post from yesterday:

    Dear Investors,
    We would like to address all our clients, investors, borrowers and other counterparties with the following very important issue. We proudly declare that till present moment Envestio managed to fulfill on time and in good faith all financial obligations to all contractual investors and borrowers, despite the very unfavorable situation in the crowdfunding market, provoked by the uncertainty and potential fail of Kuetzal platform.

    Simultaneously with the recent concerns within the industry, we tracked repeatedly various technical attempts targeted to influence dramatically on stability of Envestio platform. They were performed through hacker attacks on our web site and platform’s internal structure and database.

    At the same time, we noticed that destructive public relations campaign against Envestio has been initiated and which consisted of spreading knowingly false and unconfirmed information by numerous internet resources questioning financial stability and reliability of our platform, denigrating the reputation of the Envestio owners and key employees.

    We tend to consider these attempts as a consistent and well-planned set of actions aimed to cause significant financial and reputational damage, as a result of which the Envestio platform should inevitably begin to experience substantial difficulties with current payments to its investors.

    We assume that the ultimate goal of all these actions is to devalue overall Envestio’s business, and the subsequent potential raider takeover of the company or an attempt to eliminate the company from the industry, getting rid of as strong competitor. The implementation of the aforementioned scenario is evidenced by a number of factors and hostile actions that occurred precisely at the moment when a serious crisis of confidence reigned in the crowdfunding market and which actually was caused by the scandal surrounding the activities of the Kuetzal platform.

    Envestio strongly condemns any actions aimed at further destabilizing the current crowdfunding market situation and disrupting the activity of the Envestio platform, as these factors together can lead to an uncontrolled solvency crisis, influencing not only Envestio but also other industry participants.

    For now i don’t think there is any reason to panic. But i would like to see some explanation, since we didn’t recive any mail about this.
    Hope everything is going to be solved.

    “Keep going Jorgen, you’re doing great!! And i really want to read your news from portugal.”

  24. Good times always ends bad. What do u guys think of crowdestor? I think it’s just a start and I’ll run as I have an option from these Estonia crowdlending platforms. Too pure regulation in Estonia…

  25. Thanks Jørgen for great updates, reviews and advice. I really appriciate it building up my portfolio.

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