Portfolio update June 2019

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

Hello fellow Financial Freedom and Wealth seekers!

Here’s a few quick facts from the month that has just passed:

  • Our 3rd child was born on July 1st so this update was posted a bit later than usual. I prioritize spending time with her, especially here in the first weeks.

Isn’t she adorable?

  • I invested a good amount in June as well, let’s get this snowball rolling!
  • The second property has been bought. The first payments will be ready for accounting in next month’s update.
  • I invested in a new platform: Viventor


Monthly Income Statement: June 2019

Crowdlending Income XIRR Invested Value
Bondora -288.19€ 6.91% 13 347€ 20 012€
Bulkestate 0.00€ 7.09% 10 000€ 10 100€
Crowdestate 17.54€ 6.69% 7 000€ 7 828€
Crowdestor 391.70€ 15.54% 30 000€ 31 959€
Envestio 427.60€ 21.77% 23 536€ 27 549€
FastInvest 54.15€ 17.54% 4 100€ 4 896€
Grupeer 167.15€ 15.98% 15 474€ 16 916€
Kuetzal 103.26€ 26.59% 10 000€ 10 217€
Mintos 147.90€ 17.49% 18 000€ 20 288€
ReInvest24 0.00€ -15.77% 1 000€ 980€
Robocash 54.89€ 10.11% 10 000€ 11 093€
Swaper 87.84€ 14.46% 9 000€ 11 368€
Twino 33.19€ 13.35% 1 600€ 3 189€
Viventor 0.49€ 1.20% 2 000€ 2 000€
1 197.52€ 10.93% 155 058€ 178 401€
Real Estate Income Invested Equity
Property #1 691€ 26 126€ 38 413€
Total 1 888.52€ 181 184€ 216 815€

That means I’m 62.95% Financially Free (up 11.75% from last month).

Portfolio performance: Historical view

Income from all investments (Crowdlending and Real Estate) was 1 888.52€.
(352.62€ more than last month).

“Income from Crowdlending” alone was 1 197.52€.
(352.62€ more than last month).

“Crowdlending (except Bondora)” reached 1 485.71€.
(273.20 more than last month.)

Bondora

I managed to withdraw another 3 000€ from Bondora in June. I look forward to the day where I can exit from this platform entirely.

To any new readers, I do not recommend investing with Bondora unless you plan to use the “Go & Grow” product only. The Go & Grow product is alright if you’re satisfied with a 6.75% interest rate and instant liquidity.

181.91€ was recovered from defaulted loans in June.

See more info and screenshot from my Bondora account

Bulkestate

I received my 1% incentive bonus (100€) from my investment in the “Marijas Street” project. Note, I do not include cashback and bonuses in my income statements.

I invested the 100€ into the ultra short term Barona Dainas III project. Repayment date is 27.12.2019!

I like Bulkestate and I’m thinking about a way to make it more interesting to follow. Like most other real estate development projects, they only pay interest when the project is completed.

I’m thinking about investing in 1 new project per month, that way I’d have something to show almost everymonth eventually. But it might take a year to get there. What do you think?

Crowdestate

On Crowdestate I received full repayment from “Steel Express Haldus OÜ”. Their loan was refinanced after reaching maturity.

I wish it would be possible to extend my current loan with Steel Express but I had to make a new investment in order to continue lending to them.

With no available cash I had to settle for another business loan 3 days later – Kama Grupp AS (I) – with 12.5% interest instead of the 15% I got with Steel Express.

See more info and screenshot from my Crowdestate account

Crowdestor

Crowdestor is probably my favorite platform at the moment.

Some of the projects I invested in postpone interest payments for the first 6 months. Thereafter, interest payments are paid monthy.

I invested 10k in the “Renovation of eclecticism style building”. As you can see from the payment schedule, there’s a gap in payments between 2019-06-22 and 2019-12-22.

If everything goes according to plan I will get a nice interest payment in December.

2 projects will be released early next week.

I’m really tempted to deposit more money to invest in the “Industrial Business Center Tvaikonis” project that carries a 20.7% interest rate.

See more info and screenshot from my Crowdestor account

Envestio

Envestio did not release a single project in June. They are finalizing the contract with a big partner – more projects should come soon.

All current projects are paying according to schedule. No one likes cash drag though, hopefully we’ll hear something next week.

Richard, one of my readers, reached out to Envestio to get an update. He was so kind to share the answer with me:

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 is still ticking away.

See more info and screenshot from my FastInvest account

Grupeer

Many of my loans at Grupeer were finished last month and my principal was returned. That was a very nice coincidence because I was able to reinvest everything into 13% CashBack loans.

That little manouvre gave me an extra 98.56€ in June!

CashBack earnings are not included in the income graph.

See more info and screenshot from my Grupeer account

Kuetzal

I saw my first earnings on Kuetzal in June.

103.26€ from interest payments and 100€ CashBack from the promotion!

There’s currently 6 projects open for investment. I consider investing 5k in the project with 19.5% interest rate and buyback guarantee – “High-end Row-House in Marupe”.

The Summer CashBack Marathon, which pays up to 3% CashBack on all your investments made from June to August is still active!

Kuetzal cashback marathon campaign

OBS! You need to invest the displayed amount into 1 project to get the cashback. If you put 200€ into 5 different projects, you will not get any CashBack.

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

Interest rates on Mintos keeps going up and you can now get 16% loans from several loan originators.

I added 8 000€ to Mintos in June, bringing my total investment to 18 000€. I’d like to bring my Mintos portfolio to 30 000€, hopefully this year.

Secondary market earnings are not included in the income graph.

I managed to earn 92.79€ on secondary market transactions in June. I bought short term loans with 1% discount and sold them again at par value.

My portfolio allocation was completely switched around several times during the month. I would not recommend trying this at home!

Here’s what my portfolio looked like in May before playing around:

And here’s how it looked mid June while I was trading:

This is how it looks now – I’m heavily invested in Mogo 16% loans.

I’ll try to switch some of them into 16% CreditStar loans in the coming months. I’d like to have more diversification and interest on delayed payments, which Mogo doesn’t pay.

See more info and screenshot from my Mintos account

Reinvest24

I’m still waiting for my first earnings on ReInvest24.

I invested in the first project on 09.05.2019. More than 2 months is a long time to wait, isn’t it?

I should receive the first interest payments on 17.07.2019 but only for one of the 3 projects I invested in.

While the idea behind ReInvest24 is brilliant, I think they need to do something to pay investors earlier.

Robocash

Today is exactly 2 years since I made my first deposit to Robocash.

The “1-year Installment loans” are coming to an end. We should start to see a more regular cash flow within 2-3 months. I expect a monthly return around 110€.

See more info and screenshot from my Robocash account

Swaper

Is Swaper finally getting a grip on the loan volume situation? For the first time ever, I see 20 pages with loans on the primary market. Usually, there’s no loans to see, because they’re all scooped up by auto-invest portfolios.

Swaper monthly income

A rare sight on Swaper – There’s actually loans to invest in?!

See more info and screenshot from my Swaper account

Twino

I’m thinking about exiting Twino and deposit my childrens savings on Viventor instead.

I’ve been lucky to earn some money on currency fluctiations on the Russian Ruble but I’m really not a fan of currency exposure.

Without currency exposure, I’m stuck with lower yielding loans which I don’t find attractive.

See more info and screenshot from my Twino account

Viventor

I’ve included Viventor in my portfolio – I started out with a small 2 000€ deposit, just to see how it works.

My auto-invest has been set to catch 16% loans with buyback guarantee only. That means I’ll probably only get loans from the loan originator “Aforti Factor”.

I don’t feel a particular need for more diversification, I think I have plenty of diversification with the other 13 platforms.

Investing on Viventor has been a pleasant experience so far and I look forward to see how it develops in the coming months.

See more info and screenshot from my Viventor account

Real Estate

A tenant is moving out in July and a new tenant will move in on August 1st.

It has been much easier to find new tenants than I ever imagined. A simple Facebook post in the local city group and a new contract was signed in just 4 days!

I started a new graph for my properties which shows how much debt I have in them. You can find it on the Real Estate pages in the future.

See more info about my First property

Second property

The second property is bought – I have received the keys and everything. Now I just need the first rental payments from the tenants 🙂

I’m expecting a very nice cash flow of 1 162€ per month after expenses:

Rental income: 2 347€
Mortgage payment: 595€
Property tax: 90€
Property management fee:
31€

Estimated expenses (20% of rental income): 469€

Result: 1 162€

See more info about my Second property

Savings rate

My savings rate for June was 73.00% (+11.50% compared to last month).

My income will drop substantially in the next 3 months while I’m on maternity leave.

See more info about my Savings rate

Blog statistics

WordPress Blog statistics June 2019

Visitors: 12 947 (+12.60% compared to last month)
Page views: 45 825 (+7.24% compared to last month)

1 700 Subscribers (+119 compared to last month)
823 Facebook followers (+54 compared to last month)

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!

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43 Replies to “Portfolio update June 2019”

  1. Congratulations on your 3rd child Jorgen, enjoy your paternity leave!

    Also props for securing your second property, expected cashflow is impressive and you will get very close to hitting your first target. That’s massive.

    Thanks for pointing our the Mogo 16% loans and the upcoming Kuetzal real estate project.

    I will need to get a piece of that myself haha.

    Best regards

  2. And I thought I was overdoing it with around 50% of my Mintos portfolio in Mogo. I feel better now. Congrats on your newborn daughter and the second house as well.

  3. Jorgen, congrats for this adorable baby! I saw your post a few days ago on FB. So imagined the report will be late to be publisbed. I think it’s the first month I managed to publish before you did. 🙂

  4. Congratulations!
    You are slowly, but surely building yourself an real estate imperium.

    Please share some light on the topic of your new property.
    Is it going to be same as your first property, 2 apartments or even more?
    Asking because the rental income is pretty darn big, yet the mortgage payment is only “~595€”.

    Thanks for answering.

  5. Congratulations on the newborn!
    Also on the second property. Wish I had access to the Danish market! I’m planning to buy my first property as an investment at the end of this month, but won’t get anything even close from renting it out.
    I trust you’ll be happy with Viventor. I’ve been with them since March last year. I’m curious to see if you’ll manage to get all your funds reinvested on 16% loans. I often need to invest manually and my lower limit is “only” 14%.
    Now enjoy your paternity leave!
    Cheers,

  6. Hi there, been a while! I just had to leave a comment to congratulate you with your daughter and new property.
    Things are going really well, keep it up!

  7. Wonderful and comprehensive update Jorgen! Thanks so much!

    I have seen a number of investors adjusting their Mintos auto-invest portfolios to only invest in loans with 14%+ interest. With P2P lending becoming popular rapidly, I expected interest rates to drop — yet the opposite is happening and interest rates are increasing.

    Do you have any insight as to whether this might be the case?

  8. Congrats on the baby and another awesome month! Now you also have the income from the new rental house. on top of the other income, I think it will soon be time to publish a new article on my blog about Portugal, but this one will be entitled “Jorgen Retiring Early in Portugal” 🙂

    Well done =my friend!

  9. Thank you for the detailed post again! And gongrats for the girl! 🙂
    I will invest more to P2P-lending, and this post was very valuable.

  10. Hear Hear! Jorgen, congratulations for giving new life. (Oh how i wish you could be my father )

    On your report about Envestio. – Glad to hear, I was wondering they’ve been unusually quiet

  11. Hi, just found your blog. Awesome, respect and congrats to your daughter! 🙂
    Just a note, please consider changing the “,” sign for the thousand separator and use “.” as the decimal separator as used on all the p2p platforms, excel, google spreadsheets etc. It is much easier to understand then. Keep up the good work! I’m impressed!

  12. Congratulations on your new baby girl, Jørgen!

    Always great to read your monthly updates, there’s some good info and inspiration in there.

    There where two new project released on Kuetzal today, with 19% and 19,5% in yearly return. Guess that’s could be the new real estate project(s) that you wrote about in the update?
    At least they both have buyback and very nice IR, so I’ll for sure invest into those two projects – the money is on it’s way 🙂

      1. They where just a month early, but that’s of course just one month earlier extra interest for us investors 🙂

        Wonder why the first of them is 19,5% while the second one is “only” 19%.
        Is there a reason that you are not splitting up the money into both projects even though the second one is 0,5% lower, just for diversification purposes? Of course it might not make that much sense as it’s the exact same contractor and quite the same projects, so the extra 0,5% is probably even more attractive than splitting the money into the two projects 🙂

        1. Diversification with the same developer within the same project does not make sense. I think the extra 0.5% interest is inventive to attract early investors.

          1. It makes very good sense, that was also what I was thinking in the end. Thanks for your thoughts about it 🙂

  13. Hi Jørgen,
    Congrats on the newborn and getting the second property!
    And thanks for the update about Envestio, I was about to withdraw my deposit as it stays intact for a couple of weeks now and they didn’t reply to my email yet.
    One suggestion for you, would you consider writing a post on how you choose property to invest, your personal approach?

    Regards,

  14. Congrats to your sweet daughter, Jorgen. 🙂

    ..and thanks for your update. I am always impressed massively if it comes to your saving rate. Less than 1000€ for a family of four in june. Great job! I guess we all would appreciate some insights on how you got there.

    Keep on the brilliant work but first of all enjoy your time with little misses.

    Take care
    Peter

    1. Thanks Peter.

      My 987€ does not cover all our bills. We are a family of 5 and my girlfriend covers 50% of our expenses.

  15. How you guys deposit euro on the platforms like Mintos, Fastinvest, Bulkestate, Crowdestor… ? (I mean of course not being in the eurozone). When I get the salary I need to exchange the money always to have euro first, then the banks take relatively big fees here in Poland. My workaround is that I send it to Revolut, there I exchange to euro and then I send it to the platform.
    I started to wonder if there are going to be any problems with withdrawal some days… Maybe there is some better way?

    1. Many people prefer Revolut. I just transfer EUR from my bank. The conversion rate is fair and I pay 2.68€ for the transaction. Withdrawing should not be a problem no matter which method you use.

      1. Be sure to check TransferWise also, incredible company, you can hold simultaneously a gb pound, us dollar, European euro bank account, extremely low transaction costs.

          1. Hmm, I suppose that fee 2,68 eur is fixed right? It doesn’t matter how much you transfer, considering what amounts of capital you invest, it is better if it is fixed, Transferwise uses percentage based fee + fixed fee.

        1. Yes, the 2.68€ fee from my bank is fixed. I consider Transferwise to be one of the most expensive options. Revolut is much cheaper.

  16. Congrats on another great month, Jørgen! And big congratulations on getting a daughter – she looks adorable. Enjoy the first weeks with her 🙂

  17. A 50% increase in your family this month 😂 love getting your updates Jorgen by email. I’m a few years younger than you but it is good to have a target. All the best for this month and congrats on the family

  18. Hello Jørgen,

    Your new daughter is adorable.
    Wishing her long life, health and happiness!
    Congratulations to you and all the family.

    Thankyou too for this detailed update on your investments.
    All the time I am learning.

  19. Hi Jørgen, congrats on the new family member! About Mintos, I was surprised by the statement that was implying that not all loan originators paid interest on delayed payments, isn’t that the case for the loans with BuyBack Guarantee on Mintos? I was assuming that on my auto-invest strategies, but it seems I have to review that. Cheers, Orlando.

    PS-I have been trying Viventor for a year and it works fine, except for some periods where there was a bit of cash-drag

  20. Congratulation on the little one, and the second property investment!
    I see that your income is starting to increase significant month over month, that is so great!
    Is there any chance you can make an explanation/description of how you look and find property and how you calculate the down payments to make the properties cash-flow and other relevant real estate details?

  21. Hey Jørgen, what’s your opinion on Lendermarket? They seem to offer Buyback Guarantee and high returns at the moment.

    1. Hi Christos. I’ve never heard about them. I see they offer 12% interest which is low-average to the market at the moment. I have plenty of exposure to consumer loans in my portfolio so I’m not going to include them any time soon.

      1. I know, I hadn’t heard of them either. They started bombarding me with ads a couple days ago. Could you reach out to them? Maybe research them? Would be awesome to have your review even if you don’t invest in them. To see how legitimate they are. Anyway, thanks for your prompt reply 🙂

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