Portfolio update May 2019

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

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Hello fellow Financial Freedom and Wealth seekers!

May was a crazy month where I invested nothing less than 23.060,83€.

I’ve been saving up for some time. Now that I know how much I need for the second real estate purchase, I decided to invest a good chunk of the surplus into my Crowdlending portfolio.

Remember, you can always see my latest investments on the Portfolio page:

Investments made in May 2019

We are breaking the money taboo

Recently, a lot of people have been inspired to make similar portfolio updates for their Crowdlending portfolios. When I wrote my first portfolio update in April 2017, a few people shared their net worth growth shown in percentages. No one else were sharing their exact earnings or numbers.

I’m truly happy to see how people are expanding on my vision to provide transparency about their investments and help breaking down the money taboo! Thank you!!

Now, here’s the information you came for…

Monthly Income Statement: May 2019

Crowdlending Income XIRR Invested Value
Bondora -367,61€ ??? 14.100€ 22.927€
Bulkestate 0,00€ 17,00% 10.000€ 10.000€
Crowdestate 23,62€ 7,19% 7.000€ 7.798€
Crowdestor 204,54€ 16,30% 20.000€ 21.568€
Envestio 448,67€ 22,45% 23.510€ 27.096€
FastInvest 57,56€ 16,38% 4.100€ 4.837€
Grupeer 162,01€ 16,17% 10.000€ 11.635€
Kuetzal 0,00€ 0,00% 6.100€ 6.115€
Mintos 96,68€ 15,11% 10.000€ 11.989€
ReInvest24 0,00€ -28,48% 1.000€ 980€
Robocash 44,94€ 12,46% 10.000€ 11.038€
Swaper 138,01€ 16,43% 9.000€ 11.270€
Twino 36,12€ 16,33% 1.600€ 3.156€
844,54€ 126.410€ 150.412€
Real Estate Income XIRR Invested Value
First property 691€ 58,87% 18.080€ 29.631€
Total 1.535,54€ 144.490€ 180.043€

That means I’m 51,18% Financially Free (down 1,28% from last month).

Portfolio performance: Historical view

Income from all investments (Crowdlending and Real Estate) was 1535,54€.
(38,23€ less than last month).

Monthly income from investments

“Income from Crowdlending” alone was 844,54€.
(57,23€ less than last month).

Income from P2P lending

“Crowdlending (except Bondora)” reached 1.212,15€.
(106,04 less than last month.)

Monthly income from Crowdlending


I look forward to the day where I can exit from Bondora 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.

Bondora monthly income
130,71€ interest received but 498,33€ principal missed in May.
Bondora cash flow from recoveries May 2019
178,25€ was recovered from defaulted loans in May.

See more info and screenshot from my Bondora account


The 17% project I was waiting for on Bulkestate is released and I have invested my 10.000€ into that project to get an extra 100€ CashBack.

The extra 1% CashBack only applies if you invest 10.000€ into a single project. If you invest 25.000€ into a single project you get 2%.

Repayment date is on the 17.03.2020 (only 9½ months from now).

The project is still open if you want to join me.

Bulkestate Marijas Street project

If you sign up through my site you’ll get 5€ signup bonus and 1% Cash Back on all your investments until 30st of June 2019.


Not much to say about my Crowdestate portfolio. The development projects I have invested in have a 2-4 year duration, so I haven’t seen any full repayments yet.

Crowdestate monthly income

Some of my loans are overdue from time to time and there’s no buyback guarantee. They have a really good track record though, so I’m not worried.

They have invited me to their office in August to talk with their CEO, see some projects, take pictures etc. I will most likely accept the invitation, it’s always interesting to meet the people behind!

See more info and screenshot from my Crowdestate account


Today I transferred another 10.000€ to Crowdestor, bringing my total investment to 30.000€.

Crowdestor monthly income

I’ve already received full repayment of 3 high yielding projects I’ve invested in!

The more I talk with Janis Timma and Gunars Udris, the more I believe in the platform and the projects they publish.

There’s no buyback guarantee but they’ve created a Buyback Fund for emergencies, in case something doesn’t go as planned. It’s only 69.600€ at the moment but it’s estimated to rise to about 100.000€ by the end of this year.

There’s currently 3 projects open for investment with interest rates above 18%. Even one at 21% !!!

Crowdestor projects June 2019

See more info and screenshot from my Crowdestor account


The end of May marks my 1 year anniversary with Envestio. Hooray!

Do I look forward to another good year? You bet!

Envestio monthly income

They keep marching on with new projects, new borrowers and high interest rates. 

I have already received full repayment – on time – from no less than 8 borrowers in 16 projects!

Envestio finished and repaid 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 is still performing like a clockwork.

FastInvest monthly income

I love the visual overview of expected and realized payments, I wish more platforms would do this:

FastInvest account performance

However, 2 things are holding me back from increasing my investment:

  • There’s still no information about their loan originators. They expect to release it in 2019.
  • Interest rates for EUR loans are currently “only” 13%.

Those two things make FastInvest look weak compared to Mintos. They need to step up if they want a bigger slice of the cake.

See more info and screenshot from my FastInvest account


I’m not sure what happened with Grupeer last month. Interest earned jumped from 138€ to 162€ even with no new funds added. Did any of you experience something similar?

Grupeer monthly income

A few days ago, I published an article with pictures about Grupeer – if you missed it you can find it here.

Because I really like Grupeer and because of the new CashBack campaign I decided to transfer another 5.000€ to my account today, bringing my total investment to 15.000€.

Here’s the details of the CashBack campaign in June:

Grupeer 1% CashBack Campaign

See more info and screenshot from my Grupeer account


I made my first 6.000€ deposit on Kuetzal on May 23rd.

The money was invested into these two projects, 3.000€ in each:

In case you missed it, I visited Kuetzal on May 2-3, 2019. Make sure to read the article to see what I found.

Kuetzal just released a Summer CashBack Marathon, which pays up to 3% CashBack on all your investments made from June to August!

Click the picture below for more details on the campaign.

Kuetzal cashback marathon campaign

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 seems to be back on track after the down-sloping trend and a sudden jump last month.

Mintos monthly income

I added another 2.000€ to Mintos on the 23rd of May, bringing my total investment to 10.000€.

I’d like to bring my Mintos portfolio to 20-30.000€ but when platforms like Envestio, Crowdestor and Kuetzal offers investments with 18% interest (or more) it’s hard to resist!

It’s fun to see how the market is hugely influenced by the loan originators. 5-6 months ago people were raging when interest rates dropped below 11%. Many investors withdraw their money to invest elsewhere. Now that interest rates have risen to 13-15% everyone is cheering and Mintos is more popular than ever.

See more info and screenshot from my Mintos account


I’ve been looking at ReInvest24 since they published their first projects.

Now I’ve made a 1.000€ deposit, just to test the concept. Unlike other platforms, you actually get a share in the properties you invest in – it’s not just a loan.

Maybe I’m just slow but I find the platform hard to understand. From the first glance, it was not obvious to me which projects were development projects and which ones were rental properties. I think I got that part figured out now.

There’s no buyback guarantee but your investment is backed by the value of the property.

If I’m not mistaking, I should get the first interest payments in June. Let’s see how that goes.


It’s been almost 2 years since I made my first deposit to Robocash.

Even though interest rates are “only” 12% now (used to be 14%), I still enjoy the platform. It’s so simple and it requires no work at all.

I increased my investment on Robocash from 6.000€ to 10.000€ in May to get the most out of their newly released Loyalty Program. I means I will get +1% extra interest from September to November.

Robocash monthly income

Robocash Loyalty Program

See more info and screenshot from my Robocash account


Swaper is getting a bit better with the cash drag. Most days I’m down to 1.000-2.000€ which are not invested. Besides the cash drag, Swaper is as good and simple as Robocash.

Swaper monthly income

See more info and screenshot from my Swaper account


Twino launched a 1% CashBack campaign for Latvian loans that come with a  8% interest rate, Payment Guarantee, and the term from 3 to 60 months.

8% is just not good enough.. and to make it worse, it’s Payment Guarantee loans, which cannot be sold on the secondary market if/when they default!!! That means you’ll be stuck with 8% loans for up to 5 years. No thank you!

While I appreciate their efforts to do something, they just prove, time and time again, that they’re always lagging behind the competition.

Twino monthly income

See more info and screenshot from my Twino account

Real Estate

After the recent kitchen upgrade, I was able to raise the rent. That brings my monthly income from 672€ to 691€.

Rental property income

It was a +10.000€ (deductible) investment, so it will take a while to get the money back. But it also raised the value of the property slightly, so I think it was worth it.

I also spent some money on new outdoor lighting with light-sensitive sensors. The tenants have been asking for this since I bought the property and I decided to go for it.

With the new kitchen and outdoor lighting, I’m sure I’ve raised the overall tenant satisfaction = less problems and less complaints.

See more info about my First property

Second property

I’m behind schedule on the second property purchase. I won’t bother you with the details – sometimes things just take longer than you expect.

All-in-all, we’re still in the closing process and I should be the new owner of this property by June 15th.

The second property will return 2.350€ per month before expenses.

Second property

Savings rate

My savings rate for May was 61,05% (+9,31% compared to last month).

Savings rate May 2019

See more info about my Savings rate

Blog statistics

Wordpress statistics

Visitors: 11.498 (+16,51% compared to last month)
Page views: 42.730 (+12,79% compared to last month)

1.581 Subscribers (787 WordPress, 794 Sumo) (+107 compared to last month)
769 Facebook followers (+143 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!

P2P conference in Riga

LAST CALL for getting tickets to the P2P Conference in LATVIA, RIGA ON JUNE 7-8, 2019!

Use Promo code P2PEARLYBIRD40 for a 40% discount!

P2P conference in Riga

You’ll be able to meet representatives from the platforms, other investors, bloggers and more!

18 speakers will give in-depth insights into the latest product, technical and regulatory developments in the P2P and crowdfunding industry. There will be plenty of learning, inspiration, and networking for everyone.

I’ve heard that several platforms will have contests and give-away’s. It will be fun!

Moving to Portugal?

As you might have noticed, I recently mentioned that we’re considering moving to Portugal.

Retire early in Portugal

I’ve been chatting with Mark from ObviousInvestor.com quite a lot over the past months. He is from the UK but moved to Portugal a few years ago.

One day he said.. “Do you realize, that you can retire now if you move to Portugal? The average salary here is about 1.000€ per month and you’re already making that from your investments”.  I was like.. What.. Really? He started explaining about the NHR regime for foreigners, lower cost of living, the good weather, wine etc..

I said, “Hold on Mark, you should write an article about this, I’d love to learn more!” And so he did! If you wonder why we’ve set our eyes on Portugal you should read his article “FIRE – Financial Independence, Retire EARLIER In Portugal!

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53 Replies to “Portfolio update May 2019”

  1. Thanks as always Jorgen, for these detailed updates.
    If you would move to Portugal would you leave your day job and focus on investing/blogging?

    Kuetzal seems promising so it might be my next platform to try out. Sadly the projects in envestio go so fast, i can never invest. So keutzal seems to be a good alternative. I also removed my position on Twino a while ago as i am not happy with the performance/cash drag on the platform.

    1. My pleasure Jasper!
      Yes, if we move to Portugal we would “retire” and focus on investing and blogging.
      You’re right, Envestio projects are funded insanely quick. Crowdestor and Kuetzal offer attractive high interest projects as well, they’re good alternatives to Envestio.

  2. Hi Jorgen. I’m from Portugal and I read your blog every month, and it was such a surprise to read that you might want to move to Portugal.
    I’ve read the mark sugestions in his blog, he lives in the same city that my parents.
    You can live in portugal with a low income from your investiments, but you cannot go to a big city like Lisbon, because the prices are much higher than where Mark lives.

  3. Hi Jørgen, I am loving the blog in general and have been following for a long time. It definitely encouraged me to start my own crowdinvesting journey. I hope you will find my critique useful.

    Firstly I think your experience as an influencer might be different than an ordinary user of the services. For instance I sent some questions to one of the providers as an investor and never got a return. Of course you meeting the CEO personally has some value for us as investors but it does not reflect the whole picture.

    I would also suggest you to be more critical of the services, as previous performances do not guarantee future returns. You seem to praise the services as long as you have a high enough return, but it would be nice to get an indication when the providers are up to the standards.

    For instance crowdestor seems to have reduced the information they have on projects, just comparing the recent Inch2 and the previous Inch2 campaigns. They have removed some numbers and do not even have financial tables in the recent campaign. For me they are red flags as they are not being transparent and lowering the quality of their services. If influencers like yourself educate the users that it is not okay to do that and therefore not invest in these kind of campaigns, the providers will have to live up to the standard.

    If you do not mention this, they can do whatever they want as people will go on investing since it looks legit (and probably is) and some other people (influencers etc.) are investing in it. I and probably many people visiting your website trust your insights and feel that you are doing the research for them. Another thing I noticed on crowdestor in the boiler campaign was that they had the interest rate different in 2 places in the contract. I know you are just sharing your journey and do not offer any financial advice services, but I think you take up some responsibility as you are directing a lot of people even if you do not mean to do it. And my advice is to be more critical and elaborate in your suggestions. I honestly hope to hear about these kind of issues from you before anyone else.

    Lastly, the wording in your reviews, saying that it is 100% unbiased and based on your own experiences is contradictory for me in 2 ways. Firstly you often get compensation when people sign up through your links, and secondly it is based on your experience and therefore has the biases that your experience and preconceptions carry. Maybe it would be a better wording to say that you are not getting any direct compensation from the companies when writing the reviews.

    I hope I don’t sound like a hater and can contribute to your blog in some way 🙂

    1. Hi Art. Critique is always useful, if written in a constructive way.

      You’re right, I usually use direct personal emails when I need to get in contact with a platform. “Ordinary investors” use the their support, which often has much more emails to answer, thus response times are slower.

      I also agree with you regarding the project descriptions. The platforms could do a muh better job to give a better overview of the financials. I’d also like to know how they money is going to be used and to see some kind of business plan and their expected earnings from the loan they’re taking. I’ve suggested this to all of the “project based” platforms too.

      I believe I’m already very critical to the services. If something doesn’t look right, I reach out the the responsible persons at the platforms right away. In most cases something has been forgotten or there’s a typo somewhere. I will not post about such mistakes, that would only spread unnecessary fear, uncertainty and doubt. They’re only human and I believe they do their best to provide accurate information. However, if something critical should come up, that would make me question the intentions of any platform, you can be sure to hear from me immediately.

      I’ve discussed the “unbiased” sentence with lots of people, I’m not going to bring it up again. I still believe my reviews are unbiased. I try my best to present the facts as they are. If you think otherwise, please give an example of a biased sentence and I’ll be happy to review it.

      I want to thank you for taking the time to write such a long comment. I truly appreciate your feedback 🙂

  4. Hey Jorgen, been following this blog for a few weeks. Outstanding stuff. It is clear that you have a great minding for investing but what immediately catches the eye is your returns on your real estate moves. Getting a rental income of 1500 euros per month on a 140k property is insane. It would appear that you might even top that with your second property. I am familiar with markets in western europe (I am spanish) and US (lived there for many years) and you are lucky to get half of what you are getting in Denmark. Keep it up!

    1. Hey Gaizka. I don’t believe Denmark is any better for Real Estate investments than anywhere else. The average ROI on real estate is about 5% in Denmark. There’s good deals to be found in any country, it depends on the location. My properties are not located in superb locations, so the sales prices are much lower than in the bigger cities. But people still live in the smaller cities and the rent is still pretty good. However, if I want to sell those properties one day, it might take several years to find a buyer. That’s the price I pay for the high cash flow.

  5. You should consider Greece too. I have never been to Portugal but I think that it’s more expensive than Greece. You can definitely have a “normal” lifestyle generating around 1,600€ per month.

  6. Hi Jørgen,
    Another great update. I think the extra 20k+ you have invested is really going to show in your returns from next month. Especially with a third of that going into high paying loans in Kuetzal. I also invested into Kuetzal this month. Fingers crossed everything works out!

    1. Hi Matt.
      It might not show right away, some of the Crowdestor projects won’t pay any interest for the first 6 months.. and then I’ll suddenly receive interest for those 6 months in one payment!

      Check this picture: Renovation of eclecticism style building

      I expect about 100€ from Kuetzal this month, it all adds up 🙂

  7. Notice also the tax rates in Portugal.

    Income tax is progressive: the more you earn, the higher your rate.

    Income tax rates for 2018 (2019 return)

    up to €7 091 14,5%

    €7 091 – €10 700 23%

    €10 700 – €20 261 28,5%

    €20 261 – €25 000 35%

    €25 000 – €36 856 37%

    €36 856 – €80 640 45%

    more than €80 640 48%

    Take into account any:
    tax allowances
    deductions you are entitled to for certain types of expenditure.

    1. That is true, for Portuguese people! However, if you’re a foreigner moving to Portugal and you’re granted the NHR regime, there’s 0% tax on capital income earned outside Portugal and a flat 20% tax on everthing else, for 10 years.

      1. Jørgen, might I suggest to check Bulgaria as well. I am Bulgarian and Bulgaria is by far one of the best destinations in terms of cost to benefits for living. In order to live in the capital city you need like 500-600 euro per month including rent. We are the country with the lowest salaries in the EU but also very low cost of living in comparison to the majority of Europe. Our taxes are a simple flat rate of 10% on worldwide income, it doesn’t matter what kind. There have been examples of a lot of foreigners choosing to spend their retirement in Bulgaria. I didn’t know about that trick in Portugal with 0% taxes, it is something interesting to look into.

          1. Also, a brief comment in regards to Reinvest24 platform. By the way you describe it, I think it is very similar to Housers, you have probably heard of them Spanish real estate crowdfunding. They offer the same deals, loans but repaid through interest payments from the rental income, sort of a dequity instrument. I personally did not like the service of Housers, and it was almost like a scam, the account dashboard says one thing, your actual balance says another thing. Nonexistent customer support, I received an answer after one month, very low return on investment in comparison. However, their secondary market was good. I also got hooked on the idea of getting rental payments but the reality is different, you do not really own anything, they are just restructured bonds so to say. When it comes to real estate, it is still better to buy it in full or with a mortgage and let the rent cover the mortgage payments.

          2. Thank you for the explanation Vasil. That’s also why I only invested a small amount. I’m curious to see if ReInvest24 is better than Houses

        1. Thanks for the suggestion, I already know this forum. Google Chrome is translating it into english for me though, I still have a lot to learn until I’m able to understand it.

  8. Thanks Jorgen for another great update. Recently I have been dubbing my toe in p2p lending again after not so great results on some Dutch platforms. I signed up for Mintos, Grupeer, Envestio. With Mintos everything works fine, it seems these guys have it under control. I like their auto invest (set a strategy myself) and within a day my portfolio was invested even at just 10 euros per loan. Enough loans available it seems!
    With Grupeer it looks like their number of loans is small. I’m specifically looking for loans with a duration <6 months. And for Envestio it seems there are no available loans at all.
    Should I just put everything in Mintos instead of diversifying? I mean I know diversification is key but I already invest a lot in global stock index funds and just trying out p2p with smaller amounts now.
    Thanks again for all your info.

    1. Hey B,
      Mintos is mostly consumer loans where Grupeer and Envestio provide Business loans. It’s much easier to diversify between 100.000 people who wants to borrow 500€ each, than between 50 companies who wants to borrow 1.000.000€ each. While there’s some similarities, I don’t think it would be fair to compare them to each other.

      I don’t have any problems getting my money invested on Grupeer or Envestio. On Grupeer you need to accept less diversification between the loan originators and on Envestio you need to be quick, as the projects usually are funded within 30 minutes. Everyone’s preference is different, but I would personally not want to miss out on either Grupeer or Envestio.

  9. Hi Jørgen,

    I’ve been reading your blog for a few months and it has been a great help for my crowdinvesting journey!

    One question that keeps popping up in my mind: what are the reasons that businesses would opt to seek investors through crowdlending platforms with very high interest rates instead of for example get a loan from a bank? Like with the recent 21% project on Crowdestor, it makes me wonder how it’s possible that the borrower can’t get a more affordable loan.
    What is your take on this?


    1. Hi Roland,
      The borrowers might not be able to get a loan from a bank. The banks are very conservation and may only take on a certain amount of risk. In other cases, the borrower does have a cheaper loan with the bank but needs mezzanine financing. You can read more about mezzanine financing here, here or here

      1. I had the exact same worries as Roland describes… Thanks for this answer.
        (ps; Monday 19.00h opens a new invest opportunity at Crowdestor 21%)

      2. Thanks for the info.
        I do think it’s important to choose loans that are not subordinate to any other (bank) loans, because in case of a default, you don’t want to be last in the queue of creditors. However it’s not always clear from the project descriptions on the platforms.

  10. Roland,
    Borrowers have to comply with a lot of requirements to get that kind of amount from a bank and the bigger the amount the more difficult it is. Banks nowadays utilise a lot of diversification and reach to other banks to handle part of the loan. Plus things like paying the principal amount at the end of the loan term is not something that banks do. These things are normally done by the investment firms, specialised contracts and in this case, it is better for the borrower. Over the course of the loan term they can reinvest the principal payments and by the time they have to pay the total sum, their revenue might have increased and it will be easier for them to pay the principal plus the interest. Plus if you check carefully it is 9 months loan term, we have to remember that you can only get the full specified interest rate and more if the loan term is 12+ months. Also this tactic that they are gonna pay you the interest after 6 months is new I think. All of these things businesses cannot get from a bank.

  11. Just wanted to say the reason your Mintos portfolio may have been underperforming is the fact that some companies do NOT give interest for late payments. (e.g. Mogo amongst others) You’ll only get interest on the time the loans are current but not for the days/months they become late. For some of those loans you could effectively only get 1/3rd of the interest if a loan misses even the first sheduled repayment date.

    1. Thanks for your input Bart. I am aware of this and I only invest in loan originators who pay interest on delayed /defaulted loans. So for my portfolio, this is not the reason. Maybe a larger amount of loans were late and eventually paid back with interest, hence the large spike in May. That would be my best guess.

    2. How do you find out which companies don’t pay interest for the delayed period?

    3. Many of the Mogo loans gives you not interest on deleyed thats right, but you get Penalty Income. Its almost the same just in another way. So its still ok loans to be in. and wont hurt you the same as these without both of them.

  12. Hey Jorgen! I would suggest you consider Greece as an alternative. We have even lower cost of living, much better weather and friendly people. Would love to give you more details if interested.

    1. Hi Christos. I think you’re mistaken here? Portugal is cheaper (or at least the same cost of living), Portugal has more hours of sunshine (highest number of hours in Europe) and Portuguese people are very friendly as well 😊

      Nothing wrong with Greece though, we just prefer Portugal.

      1. Actually, both countries are quite similar. I’m Greek but I’ve been to Portugal a lot for work. I love both countries and I can totally understand why you consider moving South. Best of luck! Keep us posted 😀

  13. “Jørgen Wolf, breaking down the Money Taboo since April 2017”

    I think we should get some t-shirts made 🙂

    In all seriousness though Jørgen, you’re an inspiration. Kudos and keep up the great work pal.


  14. Hey Jorgen.. New reader here. I think it is a great blog.

    Im curios about where your two houses are located? The price you’ve paid seems pretty low.
    And another question: Do your live nearby the rental houses? so in case you need to fix anything the trip wont cost too much time or money.

    1. Hi Morten,
      I’m glad you like it here 🙂
      My Real Estate is located in smaller cities (~3.000 inhabitants) within 25 minutes from my home. It’s easy to access them now, but I need to find a remote solution when I move to Portugal.

  15. Hello Jorgen,
    Thanks again for an excellent post. Always full of good ideas.
    I’ve been thinking myself about the early retirement somewhere relaxing by the sea for quite a while, but still procrastinating. The insight on Portugal’s tax benefits is really encouraging.
    Other than that, looking forward to see how Kuetzal works out. I also started investing 3 months ago.
    I also recently started with small amounts in Reinvest24 and Whiskeydirectinvest. Ever checked them out!

  16. Hi Jorgen,

    I know that you don’t like to talk to much in detail about your website (views and earnings) but have you ever consider to share also your experience on your website journey? maybe as a completely separate section, but I think would be much appreciate by many of your followers 😉

  17. Hi Jorgen,

    Do you ever loan on the secondary market ? I know Mintos has a pretty large Secondary market but I’ve never tried it. I think an article with the pros and cons of the secondary market would be a good idea.

    Thanks and keep up the good work ! I really enjoy reading your blog.

    1. Hi Daniel,
      Yes, I use the secondary market on Mintos from time to time. Good deals can be found but you have to be extra careful and know what you’re doing.

  18. Hi Jørgen! What do you think about envestio? It’s already 24th and they didn’t published any project this month. I’ve started just a few months ago and I find the situation kind of discouraging. Did this happened before?

    1. Hi Alex. Envestio is signing a contract with a big partner. It will bring a lot of new projects to the platform in the coming months. We should hear from them in this week.

      1. That would be great, this long without new projects creates some cash drag.

  19. Hi, first congrats for your web. What happens with Bondora? Why are you withdrawing?

    1. Hi Marcos. Did you see my Bondora stats, or the official Bondora statistics for that matter? Take a look, it will answer your question 🙂

  20. Hello Jorgen,

    I’ve been following you for about a year now, and you have been of invaluable help for my own investor journey.

    Nonetheless, now that i’m much more informed, experienced etc.. i have a fondamental question: You are building your “financial freedom” income flow mainly on P2P revenue (and the renting of your 2 houses)

    P2P crowdlending is now in an euphoria mode, where every single new platform gets instantaneously crazy amount of money (kuetzal i’m looking at you), clones appears (Monethera i’m looking at you), and caution is very low among investors (i include myself as well until quite recently). We fall in the trap of thinking p2p low risk and high interests rates “for ever”.
    If we are really honest, financing crypto mining rigs, bridge loan with very inflated LTV valuation or lending payday loans to people in kazakhastan is not riskless. Sooner or later, this will break and only the stronger , well funded, platform will survive. Investors will suffer loss. Diversified investors will be able to absorb those loss, but their overall return will drop several points.
    Market will also mature, more investors, more regulation, less competition will push rates down , (we can reasonably expect it to be similar to UK platform).

    What do you think of this, how do you plan for it ? As an example , you may be currently at a 50% of financial freedom, but suddenly in 2 years, you could drop back to 20% of financial freedom (even with the same amount invested, just due to losses from some originators / platforms and overall rates decrease).

    Financial freedom should be based on steady, realiable, sustainable income. House rental brings you this. Bonds & stocks can brings you this on the long term with adecuate investment and longterm view. But P2P crowdlending is not something i see sustainable, not at those rates. it is then somehow “risky” to extrapolate current returns and income further than a couple of years, and then definitely very risky to use as a long term , financial freedom enabler.

    I’d love to hear your thoughts on this, keep on with your fantastic work and sharing with us !!



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