Portfolio update December 2020

Portfolio update P2P investments Bulkestate Reinvest24 Viventor FastInvest Swaper Robo.cash Mintos Bondora Crowdestor Crowdestate Grupeer PeerBerry Wisefund review



Dear fellow investors, friends, family and future self.

2020 was an eventful year. We spent half if it in Portugal and we loved it even though if was different than usual due to global lockdown. If everything goes as planned we will be back in the warm climate in the second half of 2021.

Last year was also the first year of not being an employee. Even though I had a good job and a great employer, I can’t say I miss the daily 8-16 routine. While I’m not stressed by work anymore, I must admit that financial stress from not having a fixed paycheck coming in every month is more significant than I expected. We’re better off financially than 1 year ago so I guess I shouldn’t be worried. Maybe it just takes some time to get used to?

Income from Crowdlending is on the rise again. I hope this trend continues as the Covid-19 vaccine is being distributed and businesses slowly will be able to operate on a closer-to-normal basis.

4 platforms in my portfolio made it through 2020 without any change in performance to investors, even in the times of a global pandemic. Those are Swaper*, Robocash*, PeerBerry* and ReInvest24*. Kudos to them!

I’m in the process of buying a 3rd property. Read more in the real estate section near the bottom of this post.


Monthly Income Statement: December 2020

Crowdlending Income XIRR Invested Value
Bondora* -333.57€ -0.62% 7 918€ 7 288€
Bulkestate* 0€ 5.89% 10 000€ 10 989€
Crowdestate* 2.37€ 5.00% 5 305€ 6 406€
Crowdestor* 866.21€ 12.71% 72 101€ 87 667€
FastInvest* 42.74€ 15.26% -199.01€ 1 239€
Grupeer 0.00€ 8.74% 20 474€ 24 047€
Mintos* 238.82€ 16.77% 20 000€ 27 952€
PeerBerry* 83.77€ 15.16% 6 000€ 7 190€
ReInvest24* 6.67€ 5.83% 1 000€ 1 096€
Robocash* 134.39€ 13.03% 10 000€ 13 735€
Swaper* 207.52€ 14.75% 10 000€ 15 243€
Viventor* 13.42€ 16.73% 5 000€ 6 228€
Wisefund 0.00€ 10.41% 17 853€ 20 626€
Scams XIRR Invested Value
Envestio -100% 20 000€ 0€
Kuetzal -100% 24 700€ 0€
Subtotal 1 262.34€ -0.47% 230 153€ 229 711€
Real Estate Income Invested Value
Property #1 380€ 37.41% 18 080€ 44 482€
Property #2 1 167€ 5.03% 61 200€ 65 646€
1 547€ 79 280€ 110 128€
Total 2 809.34€ 3.95% 309 433€ 339 840€

Note:

  • I marked Grupeer and Wisefund as orange because I’m questioning future repayments (no transactions since March 2020)
  • FastInvest “Invested” amount is negative because I have withdrawn more than I have deposited.

Portfolio performance: Historical view

Income from Crowdlending & Real Estate combined was 2 809.34€
(+417.59€ more than last month).

That means I’m 93.64% Financially Free (+13.92 percentage points up from last month).

Stocks / trading

Here’s the changes to my stock portfolio since last update:

Sold:

  • Occidental Petroleum @ 19.85$ (Bought @ 10.50$) = 89.05% gain
  • Macy’s @ 12.48$ (Bought @  6.13$) = 103.59% gain
  • Gilead Sciences @ 61.48$ (Bought @  66.50$) = 7.55% loss

I was getting impatient with Gilead Sciences. I was hoping it would make a retrace within 3-4 months but it only fell further. It will probably start to rise now that I’m out of it. Anyway, I need to free up some capital for the down payment of my 3rd property so they had to go.

I will also sell AT&T soon.

Bought:

  • Alibaba Group (BABA) @ 221.75$
  • Added to Argan (AGX) @ 45.00$
  • Added to Norwegian (NAS.OL) @ 89.00 NOK

I bought Alibaba purely from a technical analysis. It should have support around 221$, at least in the short term.

Norwegian Air is only a small position <3% of my portfolio. It’s my lottery ticket, as the company is on the edge of bankruptcy. I have bought the stock because the management team seem very keen on keeping the company alive. I also like their proposed restructuring model. It’s our preferred airline when we fly from Denmark to Norway. I really hope they survive, not just from a financial standpoint.

Potential buys:

I’m keeping a close eye on these stocks:

  • Snowflake (SNOW), which I might buy if it hits 235$
  • Quantumscape (QS) which I might buy if it hits 37$
  • Fubotv (FUBO) which I might buy if it hits 20$
  • GSX Techedu (GSX) which I might buy if it hits 43$

This is my current equity portfolio:

Company nameTickerPurchase priceCurrent price
Alibaba GroupBABA221.75$236.19$
ArganAGX46.75$45.94$
AT&TT26.78$29.02$
Aurora Cannabis Inc.ACB4.69$9.99$
Norwegian Air ShuttleNAS.OL51.13 NOK79.80 NOK
Palantir TechnologiesPLTR18.56$25.20$
Spirit AirlinesSAVE9.79$24.45$
Unity SoftwareU114.50$146.20$

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 mutual fee deduction.

Bondora

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

114.38€ was recovered in December but I still have 24 092€ 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

Bulkestate* almost made it to the list of unaffected platforms in 2020.

I was supposed to get my “Blaumaņa Street 9” investment back on Dec 21st. Three days prior to the repayment date a 4 month extension was announced:

Partial repayments have been made, which means I already received close to 50% of the principal.

Even though there are small changes to payment schedules, Bulkestate* seems to be one of the safest investments in my P2P portfolio.

All new investors will receive a 5 EUR cash-back bonus upon their first investment if you use this link*.

For the next 3 months – invest at least €4,000 and get 1% cashback! The offer is active till March 12, 2021.

See more info and screenshot from my Bulkestate account

Crowdestate

I’m still withdrawing from Crowdestate*. While there’s no doubt in my mind 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, even before Covid19 made it’s presence.

See more info and screenshot from my Crowdestate account

Crowdestor

While there’s some problematic projects on Crowdestor* it still has a lot going for it. The high interest rates (often 20-30%) is the compensation I get for being willing to take the risk and uncertainty that comes with investing in these kinds of projects.

I decided to reinvest December’s earnings and partial repayments into these projects:

  • “Survive – Feature Film | Round 02” with 25% interest rate
  • “Delivery of medical examination gloves | Round 03” with 32% interest rate.

   

See more info and screenshot from my Crowdestor account

FastInvest

FastInvest* started off 2021 with updating the webpage design. I liked the old site better but maybe that’s just me? 

Transaction wise, all repayments were made into my account. I have not tried to withdraw since last update. There’s only 300€ left in outstanding loans which I assume will be repaid within 2 months. By then, I’ll withdraw the rest.

My main reason for not reinvesting in FastInvest is, they promised to disclose their loan originators in 2020. That has not happened yet. I reached out to support to hear if the list was available now and this was the answer I received:

“I was informed, that list of originators is not disclosed yet but we are still working on it, finalizing the information and we hope that we will be able to disclose the list soon.”

If/when FastInvest discloses their loan originators, I’ll consider investing with them again.

See more info and screenshot from my FastInvest account

Grupeer

No signs of life in Grupeer since last update. Not even a blog update.

Latest blog post from November can be found here.

See more info and screenshot from my Grupeer account

Mintos

I keep reinvesting in Mintos* but only in loan originators with a rating of 7 or above.

Mintos is currently developing a “Historic Performance” page which will be an addition to the existing Mintos Statistics page. On this page, investors will see how investments in loans on Mintos have performed in the past.

According to the data Mintos has outperformed all other asset classes from 2015-2019.

See more info and screenshot from my Mintos account

PeerBerry

I use PeerBerry* as my children’s savings account. It has been one of the most stable investments in my portfolio in 2020.

See more info and screenshot from my PeerBerry account

Reinvest24

I only have a small position at ReInvest24* but I’m starting to like it more and more. The income has been small but reliable.

ReInvest24 was also one of the few platforms which weren’t impacted by the pandemic in 2020.

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

Robocash* was one of my best performers in 2020.

If you want to start investing with Robocash you can get 1% cash back from all your investments until January 31, 2021, where the offer expires. Make sure to use this exclusive link* to get your cash back.

See more info and screenshot from my Robocash account

Swaper

Swaper* had a stellar 2020. Their business and profits are growing and the pandemic had no negative effect on investors.

Swaper has been one of my best P2P investments since May 2017. If you’d like to try them out, you can create your account here*

See more info and screenshot from my Swaper account

Viventor

Reinvesting into discounted Atlantis Financiers loans on Viventor* last month might have been a mistake.

Viventor’s CEO Andrius Bolšaitis has left the company and 4 loan originators were suspended in 2020.

I’ll most likely start to withdraw what I can from Viventor as the loans are being repaid.

See more info and screenshot from my Viventor account

Wisefund

Wisefund published 2 new projects in December but have not posted any  updates on all the problematic loans, which was expected to be posted monthly or bi-monthly.

On the other hand the had time to post 2 irrelevant blog posts, which only purpose is to strengthen their SEO (more exposure to Wisefund on Google searches).

If Wisefund wants to be taken seriously, they need to get their priorities right.

See more info and screenshot from my Wisefund account

Real Estate

I received rent from 4 tenants in November. One apartment is currently vacant and I’m looking for a new tenant to move in.

I’m in the process of buying a 3rd property, the purchase agreement has already been signed. Now I just need to secure financing and get a mortgage, which shouldn’t take more than a month.

The property was not announced for sale, I was just talking to the owner and asked if he ever had considered selling it. Surprisingly he said yes and after a day of thought he came up with the price, which I found fair.

The price of the property is just below 150 000€ and I expect the down payment to be 30-40% of that amount.

It was built in 1988 and there’s a 230 m2 property built on a 1 957 m2 plot. A new roof was installed 2 years ago so it should be very low maintenance.

The property has been approved to rent out 4 rooms separately, if I wish to do so. Part of the property is dedicated to a small business and is currently rented out to a physiotherapist.

It should be easy to collect 1 300€ per month in rent so it seems to be a good investment. If I want the extra administration from renting out per room it could generate as much as 2 300€ per month.

In regards to short-term expenses, I need to make a new bathroom and some of the windows needs to be changed within a few years.

See more info about my First property and Second property

Savings rate / expenses overview

Our total expenses for the month were 2 382€. Not bad considering December is usually more expensive.

In mid December bought a 1 600€ Renault Scenic from 2003, which I didn’t included in my December expenses. The reason is, I didn’t include “income” from selling our 2 previous cars and all our stuff when we moved to Portugal in February, which amounted to ~7 000€. Maybe I should have included that as earnings back then, but at the time I thought it would be wrong.

See more info about my Savings rate

Quote of the month

Don’t get caught up in the small stuff. Focus on the big picture and do your best. Sometimes you win, sometimes you learn. Keep going!

Start your own blog

Have you been thinking about starting your own WordPress blog?

FinanciallyFree.eu is hosted on SiteGround* – probably the best WordPress host in Europe!

SiteGround - Cheap Web Hosting for WordPress

Free EUR bank account with no fees

Do you live in Denmark, Poland or Sweden? Having an N26 bank account will save you from currency exchange fees when dealing with euros!

I use N26* to transfer to and from my investments. It even comes with a free debit MasterCard. N26 is by far my favorite banking provider!

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 real name (first name is enough).

16 Replies to “Portfolio update December 2020”

  1. I love your portfolio man, it grows everytime. Hope there weren’t the scams. Keep up the good work

    1. Thank you Alex, I’m glad you enjoy reading the blog. Yes, scams are very unfortunate. One thing is badly managed businesses or a failed project that happens all the time. But deliberate scamming is completely unacceptable.

  2. Hi Jørgen,

    Just wondering: if you are no longer an employee (ie.: no salary) and all your income comes from investments, is it easy for you to get a mortgage in Denmark?

    In my country, I think it would quite difficult…

    1. Hi Daniel,
      If I tried to buy a property as a private person, it would be near impossible. I’d have to make a down payment of 80%. However, since my properties are owned by my company, the bank looks at the economy and cash flow of the company instead.

  3. Go away from mintos and crowedestor, switch to paskoluklubas.lt
    QS too expensive, buy RMO instead.
    Fubo is good at 27.
    Take a look at NGA, SKLZ, CRSR,.
    Change ACB to SSPK or PLNHF as canabis play

    NBAC or TPGY, as EV play
    Alac as solar play
    wait for dips PLUG/FCEL or jus buy IIVI.

    1. I’ve looked into NeoFinance (International version of paskoluklubas) several times and decided it’s not for me.

      In general, I’m not a big fan of SPAC’s, which most of your stock suggestions are. Howvever, Corsair (CRSR) is a very nice suggestion, it looks promising and the price seems fair. It reminds me of NVDA in 2016 when I thought about buying it at 33.5$ but decided not to 🙈

  4. Hey, why Alibaba? You have news that Jack Ma is missing, overall there is a big controversy which surely won’t be good for the company’s performance, especially in the stock market

    1. Like I said, my Alibaba buy is purely based on technical analysis. The stock should have support at this level. The price is low now because of the controversy and questions about Jack Ma’s lack of public appearance.

  5. I haven’t been here for a while (probably a year) but I am happy that you and your family are ok 🙂
    This was a difficult year, I also made some successful stocks purchases but I reduced Mintos (that was a bad idea).
    I achieved my goal and I saved 61% of my 2020 income! You have inspired me to track the savings/income ratio! It’s a great idea.
    Wish you all the best in 2021!

    1. Welcome back Karol. 2020 was a difficult year for most crowdlending platforms. However, I believe that those who will survive 2021 will have some good years to come.
      Congrats on your 61% savings rate, that’s a massive achievement!
      Wishing you a prosperous and healthy 2021.

    1. Hi Bogdan. I only have a few hundred euros worth, which I bought a few years ago just to follow the crypto space. I see crypto as currency and in some cases a tool (like smart contracts). I don’t invest in currencies or crypto, I think it’s more speculation than investing.

  6. I see someone already suggested SKLZ which is Skillz inc. a serious contender to become a behemoth within the e-sports and mobile gaming sector. Far ahead of the competition and with a CEO who actually used to be a gamer himself. I appreciate CEO’s who has a background in what they work with. Great stock, with mediocre risk, but a huge potential upside. Read up on it son.

  7. Hi Jørgen,

    I like your blog and I have been reading it for a year now.
    I was wondering if you have something like a Excel template in which you make your monthly income graphs? And would you like to share that with me?

    Wish you al the best in 2021!

  8. Hi Jørgen,

    Just want to say I am glad to see you’re doing well. Thanks for keeping us up to date with the different platforms and your experience.
    Looking forward on your “recent” stock investements

    Prosperous and healthy 2021!

  9. Hi Jørgen,

    Why do you prefer DeGiro broker to others with even lower comisions, like xtb, t212 or etoro? Does DeGiro have any strong advantages comparing to the above mentioned ones?

    Thanks and Regards,

    Pavel

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