Welcome to My Crowdlending!
And thank you for your visit. In this personal blog, I will be documenting my journey to financial independence by investing in crowdlending and crowdfunding platforms. What are crowdlending and crowdfunding and why are they an excellent source of passive income? Keep on reading!
Motivation: Why I began investing in crowdlending and crowdfunding
Tired of leaving my money sleeping in the bank, in August 2018 I began exploring alternative investments to get some decent returns. I wanted a perfect balance between risk and returns, and I discovered crowdlending platforms and, shortly later, crowdfunding platforms. Don’t you know what crowdlending and crowdfunding are? I explain it here.
Like any other investment option, crowdlending and crowdfunding have an inherent risk. Obviously, it is safer to leave your money in a bank deposit. The bad news is that nowadays bank deposits interest rates are just ridiculous. In the European Union, current bank deposits interest range from 0.25% to 1.5%, depending on the country, the amount of money, and the duration of the deposit. In fact, because of inflation, if you decide not to make any kind of investment, you will be losing money. Do yourself a favor and begin to invest!
As an example, I had € 100,000 in bank deposit at 0,40% for 13 months, and I was getting the ridiculous amount of 33€/month. For € 100,000! Insane.
Since I don’t have much free time, another of my requirements while looking for an investment alternative was that it didn’t require much time. Ideally, I wanted something that was a really passive way of income. That is passive income: a regular monthly income that you earn doing (almost) nothing. More or less like a bank deposit, but with a little bit of risk and a lot more of return. Here, you can find a complete Wikipedia explanation of passive income.
Please feel free to explore my blog. You will find reviews of my favorite crowdlending and crowdfunding platforms, blog entries explaining my progress in this journey to financial independence, and also a detailed view of my current investment portfolio in all platform. I hope you find it useful and may you decide to pursue your financial independence as well.
Please keep in mind that this is a personal blog. I don’t give financial advice, nor make any recommendation for you to invest in any crowdlending or crowdfunding platform. It’s just my personal experience with them, and it is just for information purposes and should not be considered advice to invest. If in doubt about whether investing in P2P lending/crowdlending platforms is suitable for you, always seek expert independent financial advice.
Finally, you will see some of my posts may contain affiliate links, but all my opinions are 100% honest and unbiased.
My progress towards financial independence using Crowdlending and Crowdfunding
In the following progress bars you will find, month by month, how much passive income have I earned since I started this blog. Every bar represents how close I am to my goals. Stay tuned!
Second goal: € 1,000/month
Update: In July 2019 I got my first goal!
First goal: € 500/month
Welcome, MyCrowdlenders! The second month of the year is over, and it’s time for a new review of my crowdlending and crowdfunding investments. As I told you in previous updates of my portfolio, I decided to rebalance my investments among the different platforms to lower the risk. Let’s see what changes I’ve made! Crowdfunding and Crowdlending Portfolio: Month Overview Below you can find the chart showing the evolution of my … Read More
Welcome, MyCrowdlenders! As everyone might know by now, the year has begun with the vanishing of two crowdlending platforms, that have convulsed the European P2P market. Kuetzal and Envestio just disappeared and, allegedly, the money of its investors disappeared with them. The estimated figures are 8 million EUR for Kuetzal and 31 million EUR for Envestio. Estonian police made the following announcement on 31st January, stating they are conducting two … Read More
Welcome, MyCrowdlenders! First of all, let me wish you a fantastic 2020! I hope this new year brings happiness, good investment decisions in crowdlending and crowdfunding, and great profits to us all! Are you ready for a new portfolio update? The end of 2019 has been really busy for me: too much work and very little time. That’s why I wasn’t able to publish a portfolio update for November. But … Read More
Welcome, MyCrowdlenders! A new update of my crowdlending and crowdfunding portfolio is out, and I must say this month you will find both lights and shadows… Although the overall performance is, without any doubt, on the right track and my money keeps growing month after month, some platforms are having poorer performance than expected. Crowdestate, Mintos and Reinvest24 are the black sheep this month. Fortunately, the excellent performance of all … Read More
Welcome, MyCrowdlenders! Although technically it’s still summer 🏖️, my holidays are over and I’m back to my 9-to-5 job 😢. This implies summer is over for me. What’s more, even though the temperature is boiling in Barcelona, it has been mostly cloudy these last 2 weeks, so the days are not even suitable for the beach (I need blue skies for that!). Conclusion: I’m completely ready for the autumn to … Read More
Welcome, MyCrowdlenders! It’s summertime 🏖️, everybody is enjoying their holidays 🌊 at the beach 🏝️ or doing some sport 🚵♀️ 🏄♀️, or maybe traveling the world 🌍✈️. So nobody is at work, and my passive income, well… my passive income has been coming this July as well! 💶 And it’s greater than ever before 📈. My crowdlending and crowdfunding returns have been €517.34, which represents an increase of 5.30% compared to June 2019. Therefore, in … Read More
Welcome, MyCrowdlenders! And here we are! Finally, the summer has arrived in Barcelona with asphyxiating temperatures and spectacular sun 🌞. Luckily we have a fabulous beach 🏖️🌊 to cool off while passive income continues to grow. June has been a record milestone in my crowdlending and crowdfunding profits: my passive income has been €491.30, which represents an increase of 25.71% compared to May 2019. Thus, in June 2019 I’ve reached 98.26% of my … Read More
Welcome, MyCrowdlenders! Finally, June has arrived and brought the bright sun to Barcelona, after a lot of rainy days in May. Really? Am I living in Barcelona or Brussels? 🤨 Lately, I’m a bit confused with the weather, I must admit. Anyway, it’s time for a new update to my crowdlending and crowdfunding portfolio. Another month of excellent results: my passive income has been €390.82, which makes an increase of 20.35% compared … Read More
Welcome, MyCrowdlenders! Here comes May with rain, wind, but also with lots of sun and flowers everywhere, and it’s time for a new update of my crowdfunding and crowdlending portfolio. The results have been nothing but excellent. I have got a passive income of €324.73, WOW! It’s 50.94% more than what I received in March 2019. Thus, in April 2019 I’ve reached 64.94% of my first goal of €500 per month. Definitively I’ll … Read More