February is gone and it’s time to check the performance of my crowdfunding and crowdlending portfolio for this month. I have obtained an income of €131.31, which represents an increase of 70,37% compared to January 2019 (when I got €77.07). Thus, in February 2019 I managed to reach 26.26% of my first goal of €500 per month. Wow! I’m really impressed… and happy!
The average annualized return for this month is 12.18% (slightly lower than the 12.33% I obtained in January). The whole invested amount is € 20,915.77 €. Let’s go to the details!
Crowdfunding and Crowdlending Portfolio: Month Overview
First, have a look at the summary evolution table, with the current stats of all the platforms that make up my crowdfunding and crowdlending portfolio:
|Platform||Investment||Initial Value 01/02/2019||Deposits||Return||Cashback/|
|Final Value 28/02/2019||XIRR|
|Grupeer||3.500,00 €||2.476,88 €||1.101,87 €||35,81 €||- €||3.614,56 €||15,15%|
|Mintos||1.500,00 €||1.552,99 €||- €||14,74 €||0,48 €||1.568,21 €||14,09%|
|Crowdestor||2.500,00 €||- €||2.500,00 €||16,30 €||- €||2.516,30 €||13,44%|
|Swaper||1.100,00 €||1.139,02 €||- €||9,68 €||- €||1.148,70 €||12,12%|
|Robocash||1.500,00 €||1.541,56 €||- €||13,07 €||- €||1.554,63 €||12,09%|
|FastInvest||2.000,00 €||1.000,00 €||1.000,00 €||10,72 €||- €||2.010,72 €||11,79%|
|Envestio||4.500,00 €||3.005,00 €||1.500,00 €||22,49 €||7,50 €||4.534,99 €||11,39%|
|PeerBerry||950,00 €||958,03 €||- €||7,45 €||- €||965,48 €||11,04%|
|ViaInvest||1.000,00 €||- €||1.000,00 €||1,05 €||- €||1.001,05 €||1,43%|
|Lenndy||720,00 €||- €||720,00 €||- €||- €||720,00 €||N/A|
|Reinvest24||1.145,77 €||- €||1.145,77 €||- €||-22,47 €||1.123,30 €||N/A|
|Kuetzal||500,00 €||- €||500,00 €||- €||- €||500,00 €||N/A|
|TOTAL||20.915,77 €||11.673,49 €||9.467,64 €||131,31 €||-14,49 €||21.257,95 €||12,18%|
At the end of January 2019 (29/01/2019) I opened positions on FastInvest (with €1,000) and Envestio (with €1,500). In February I’ve incremented my investments in both platforms, reaching €2,000 and €4,500 respectively. These two platforms have already returned some very attractive returns, and I think it was a really interesting addition to my portfolio!
February has been a very active month in registering at new platforms as well: I’ve added Crowdestor, Viainvest, Lenndy, Reinvest24, and Kuetzal to my portfolio of crowdlending and crowdfunding investments. None of them, except Crowdestor, have given any returns yet.
Analysis of benefits
February has been an awesome month. The new platforms I invested in at the end of January have returned €10.72 (FastInvest) and €22.49 (Envestio). Another new platform, Crowdestor, has already returned €16.30, and ViaInvest has made its first €1,05. The rest of the newcomers haven’t had any benefit yet.
By ordering the table according to the returns obtained in the different platforms, from highest to lowest, we have:
Once again Grupeer is the undisputed leader, with 15.15% annual net return (slightly lower than its performance in January, I guess it’s because February is shorter). In the podium, we also find Mintos with a gorgeous 14.09% annual net return. And in the third place, we have the newcomer Crowdestor, with 13.44%.
Down in the table appear Swaper and Robocash, performing a little bit better than in the previous month, both slightly above 12%. Next, we find Envestio, which is one of the available crowdfunding platforms with the highest returns. I’m expecting returns over the 16-17% in the following months. In February it has performed with a modest 11.79% just because only 2 of the 6 projects I’ve invested in have paid interests this month.
This month I have started to invest in four new platforms very well considered by the Crowdlenders community: Crowdestor, Viainvest, Lenndy, and Reinvest24. I’m looking forward to seeing how they behave when they begin generating the first profits. I’ve also joined Kuetzal a quite new crowdfunding platform with very interesting projects returning from 15% to 20%. Stay tuned to see its performance in the next months.
Once again Grupeer stands out for its excellent performance, generating a total of €35.81. The payments on this platform, for the moment, are always punctual.
I am so satisfied with Grupeer‘s performance, that I have increased my investment in February by €1,101.87, reaching a total of €3,500. This is my overview panel dated 01-03-2019:
Mintos enters the top 3 this month, reaching the second position. The €14.74 obtained makes an internal rate of return of only 14.09%:
I don’t understand how Mintos calculates the accrued interests in those loans which terminate prematurely or finish late. I don’t agree with the interests paid for some finished loans which have been repurchased. From the 490 loans in which I participated that had finished by the 1st of March 2019, 446 were repurchased for whatever reason (early repayment, agreement prolongation, agreement amendment, agreement termination, buyback, etc.). In 38 of them, the paid interests differ considerably from the amount I was expecting. In the following table the loans with the biggest difference between expected interests and actually paid interests are listed below:
I haven’t found a pattern in order to avoid this problem in the future. I’ve asked Mintos support team and I’m still waiting for an answer. I’m pretty sure it’s Mintos’ mistake (I don’t know if done on purpose or not). Fortunately, I always invest no more than €20 in every loan, and thus I haven’t been affected too much (the accrued interests not paid amounts to €2.36 in the 6 months I’ve been investing with Mintos. But… what if I had invested 10,000€ in the first loan of the table? I would have received just €90 instead of €274 and I would be terribly angry!
Regarding the buyback guarantee, I sent my question to the Mintos support team on 13th February 2019. I copied a paragraph of their FAQs and included it in my e-mail:
Guess what? Surfing today Mintos website, I’ve realized that the design of FAQs has changed, and so has changed the given information regarding buyback guarantee. Now, under ‘Investing’ you can find:
- What is a buyback guarantee and how does it work?
A buyback guarantee is a guarantee issued by the loan originator to the investor for a particular loan, that confirms the loan originator will repurchase the loan from the investor if that particular loan is delayed by more than 60 days. The buyback guarantee is given at an individual loan level and is marked by . If a loan with a buyback guarantee is delayed by more than 60 days, the loan is automatically bought back by the loan originator from the investor at the nominal value of the outstanding principal, plus accrued interest income.
This issue (and especially the fact that I haven’t got an answer from the support team even though I’ve written them twice) have prevented me from increasing my investments in Mintos. Should I get an answer, I would update the post. And maybe then I’ll increase my position.
In February I found a quite new crowdfunding platform based in Tallinn, Estonia, called Crowdestor. After reading lots of reviews, I decided to register and began to invest in some projects. So far I’ve invested €2500 in two projects:
The energy production plant project has already returned €16.30 this month, and that makes an XIRR of 13.44% and places Crowdestor in the third place of February classification.
Swaper continues performing very well in my crowdfunding and crowdlending portfolio. Even though some times my investments in Swaper suffer from cash drag, the XIRR is above 12%. And that’s great! This month I’ve received €9,68:
Take a look at my February account statement:
February has been a good month for Robocash. The invested €1,500 have generated €13.07, and that’s a 12,09% XIRR. It keeps bringing an effortless investing experience to my crowdlending portfolio, with a fixed 12% interest rate and no cash drag at all.
This is my summary panel by 04/03/2019:
I began investing in FastInvest in January 2019. My impressions so far are really good. I’ve contacted the support team to ask a few questions and they have been quick and accurate in their answers. And I love the website! The first loans have finished and the interests have been paid punctually: €10.72 that makes an XIRR of 11.79%. I’m pretty sure the annual return will increase in the following months. In February it has been below 12% because I made a €1,000 deposit on the 20th of February, and that penalizes in the XIRR calculation.
I plan to increase my investments in FastInvest in March.
This crowdfunding platform came into my crowdfunding and crowdlending portfolio in January. Since then, I’ve been continuously increasing my positions, hitting €4,500 by the end of February. I have great expectations with Envestio. We will see if they are fulfilled. You can find my Envestio overview panel and the repayment schedule:
This month 2 projects (EN018081 and EN018082) have paid interests, making a total €22.49. If you take a look at the schedule above, with the 6 projects I’ve already invested in I’ll be receiving around €49 per month. I hope everything goes well and the projects follow the repayment schedule. Here you can see the main stats of these projects:
Today I’ve ordered a €1,000 bank transfer to Envestio in order to increase my investments in new projects. I like the idea of financing businesses while making my money work for me. It’s a win-win solution that helps companies develop.
I’ve been investing in PeerBerry since December 2018. During this months its performance has been quite modest. I keep on seeing a lack of loans, and sometimes I have to invest manually to avoid cash drag. However, I think it’s a good option to diversify my crowdlending portfolio and I’m not planning to withdraw my money (yet).
This is my account statement for February:
Recent Registrations: Viainvest, Lenndy, Reinvest24, and Kuetzal
In February I’ve registered in four new platforms in order to diversify my crowdfunding and crowdlending portfolio. None of them have paid interests yet (except for the €1.05 generated by ViaInvest), so I don’t have information to analyze its performance. Stay tuned to see how they behave in the following months. Spoiler alert: Reinvest24 charges a commission! To be more specific, they have charged 22,47 € when investing €1,145.77 (2%). We’ll see if it’s worth it.
Until next month!
I’m looking forward to seeing how the new platforms joining my crowdfunding and crowdlending portfolio perform in March. February has been an exciting month, surpassing the €100 per month in passive income for the first time. But I’m sure March will be even better since I’ve been registering and investing in new platforms. And also increasing my investments in those platforms which have been performing best. Step by step towards financial freedom!