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 the other platforms, especially Kuetzal, Envestio and Crowdestor, compensates the situation.
My passive income in October was €562.12, fulfilling 56.2% of my current goal of €1,000 passive income every month. That is a slight decrement of 5.15% compared to the obtained in September 😭.
But…wait! Am I really complaining about having obtained “only” €562.12 while I was sleeping? Nope, only a fool would do it 😴💶😎. The XIRR in October has reached 13.78%, the second highest so far. The initial invested amount is €49,244.49 and the current value of the portfolio is €53,411.06. All the benefits have been reinvested.
Let me show you all the details and explain why October’s income has been lower than the previous month!
Crowdfunding and Crowdlending Portfolio: Month Overview
My crowdlending and crowdfunding passive income keeps coming steadily month by month. And I love it 😍. Please take a look at the chart:
Taking into account that August’s income was exceptionally high due to a Crowdestor project that paid its first interests after some months, October is the first month ever in which the generated passive income has been lower than in the previous month. But don’t panic! It’s been only €30.52 less. No big deal.
But why my passive income reduced in October?
- Mintos has generated almost half the income it made in October (from €61.12 to €37.81), due to interests rates falling from 15% to 10%, and mainly because in September some late loans were repurchased and that returned some extra cash.
- Four Crowdestate projects have paused payments because companies are experimenting problems and can’t follow the schedule.
- Two properties of my Reinvest24 portfolio are being sold, so they are not rented and thus not producing any income.
These are the November 2019 figures of all my investments in crowdlending and crowdfunding, ordered by the extended internal rate (XIRR) obtained in the different platforms from highest to lowest:
The first six positions of the table remain the same as in September. The profitability TOP 3 is, once again, for Kuetzal (which keeps #1 with a terrific XIRR of 19.45% and €77.49 returned), Envestio (with a 17.61% XIRR and a total of €99.98 profit), and Crowdestor (with an XIRR of 15.26% and €121.26 generated).
Let’s go for the detailed analysis of the performance of each crowdlending and crowdfunding platform!
It seems Kuetzal doesn’t intend to leave the TOP 1 position. This crowdfunding platform keeps offering the highest interest rates in the market, and stands out by the punctuality of its payments. In August the XIRR has increased to 19.45% (it was 19,36% in September). It has returned €77.49, the same amount as in the previous month:
Below you can see my overview panel as of 31/10/2019:
And these are the last projects I’ve invested in:
All my investments in Envestio keep producing punctual and steady payments with the highest returns ever. The XIRR in October raised to 17.61% (it was 17.43% in September) and I received €99.98 passive income.
And by the end of October (and the first days of November) Envestio has published quite some new projects. It seems that, finally, the projects’ drought is over! Let’s see what happens in the next weeks. These are the last projects I’ve invested in:
You can take a look at my current account balance and my investments’ repayment schedule for the first days of November below:
Crowdestor keeps the 3rd position it conquered in August. The next extra payment will be made in December, when probably we’ll see this platform jumping even higher in the profitability table.
This is my overview panel as of 31/10/2019:
In the following screenshot you can take a look at the last investments I’ve made:
Grupeer‘s calculated XIRR continues to decrease since full bullet loans were introduced. In this kind of loans the principal which is borrowed and the accumulated interest are paid back at the end of the loan. However, its performance is nothing but excellent. In October, it has returned €62.24, and the XIRR was 14.02% (14.16% in September).
Take a look at my overview panel as of 31/10/2019:
It’s been more than 14 months since I started investing through Grupeer, and I’m really satisfied. Great interests above 13%, frequent cash back campaigns, a very detailed website, and payments always punctual!
FastInvest remains in the 5th place of our profitability table. In October, the XIRR was 13.42% (slightly higher than the September value of 13.38%), and I got €26,11.
The profits in FastInvest are always stable and perfectly predictable. Look at my statistics panel as of 31/10/2019, and you’ll see the planned interest match to the cent the actually earned:
Finally, take a look at my overview panel dated 31/10/2019:
Despite its apparently poor performance this month, Mintos retains the 6th position in the profitability table. The biggest European crowdlending platform has had a rather mediocre behaviour in October compared to the two previous months. However, even though It only paid €37.81, the internal rate of return increased to 12.56% (12.31% in September).
How is it possible? I guess the average benefits that correspond to the current invested money (approx. €4,300) is around €37-€45, depending on the mean interest rate of the loans (10,5%-12,5% for this example). That implies the amounts received in August and September were so high because part of the benefits corresponded to old late loans being repurchased.
By the end of October interest rates of EUR loans started to increase again (great!). However, my current weighted average interest rate for EUR loans is yet quite low: only 10.70% (it was 11.32% in September and 13.55% in August).
The weighted average interest rates of my RUB and MXN loans have also decreased, but just a little:
Below you can take a look at my Overview panels in the three different currencies I’m using to invest:
And these are my accounts statements for October 2019 :
Viainvest repeats in the 7th place in October. The XIRR rose to 12.30% (it was 12.28% in September) and the benefits were €10.80, the highest amount since I began investing through this platform!
I’m really happy with this platform, and I think it’s a great option to diversify every crowdlending and crowdfunding portfolio. Take a look at my account balance at the end of October:
The big surprise this month has been Lenndy, that ascends three positions to conquer the 8th place of the profitability table. Wow! This month I received €17.21 (more than double that the amount obtained in September!), and the XIRR raised to 11.74% (10.47% in September).
If you look to the chart above, you can see income from Lenndy has a saw shape. And the sawtooth this month has been especially high, which probably means in November I’ll get quite low benefits.
Despite the irregularity in monthly income, Lenndy is performing very well. After ten months investing with them, I’m ready to recommend it!
Robocash, the simplest and most automatized platform in the market, descends to the 9th position. If you want to start investing in crowdlending but do not want complicated platforms, sign up for Robocash. Once the initial setup is done, the passive income keeps coming without you having to spend a single second in managing or controlling your investments. Easy and without any cash drag. In October, I received €22.01, and the XIRR has dropped to 11.43% (it was 11.57% in September). This decrement in the XIRR is due to the fact I made a new deposit of €1,000 on the 17/10.
Take a look at my overview panel as of 31/10/2019:
In the 10th position, we find PeerBerry. This platform is robust and has a quite long trajectory, and thus it’s a very good option to diversify any crowdlending portfolio. This month it has returned €12.60, making the XIRR rise to 11.32% (it was 10.89% in September).
Looking at my account summary as of 31/10/2019 you can see the net annual return calculated by the platform is a little higher (I would like to know how do they calculate it):
Swaper‘s XIRR continues its upward trend, reaching 11.27% in October (it was 10.94% in September, 10.29% in August, 9.71% in July and 9.02% in June). The Loyalty Bonus (all loans come with 14% interest rate when you invest more than €5,000) is definitively boosting this platform’s performance. This month I’ve got the highest passive income from Swaper since I started using it back in August 2018: €61.14.
Below you can take a look at my Swaper overview panel and account statement:
And we’ve come to the sad part of this month’s update. My investments in Crowdestate are in trouble also in October 😱.
Baltic Forest OÜ keeps experiencing serious problems. Due to the external factors adversely affecting the company’s business operations (in particular, the fall in the price of spruce sawn timber caused by the massive timber cutting operations in Central Europe, aiming to limit the spread of European spruce bark beetle epidemic there) and the continuing scarcity of working capital, Baltic Forest OÜ filed a reorganization application on October 21, 2019.
The purpose is to reschedule the repayment of creditors’ claims, i.e to temporarily suspend current interest payments, which would allow the company to accumulate the working capital necessary to produce and grow profitably. Interest payments on all loan agreements will be suspended until 30.06.2020 😭😭😭. Starting from July 2020, Baltic Forest OÜ plans to restore regular interest payments for the next 6 months and then to double interest payments so that all accrued interest debt will be repaid within the next 6 months. The company aims to pay all interest and repay all principal amounts by 30.06.2021.
So I have now three projects, Baltic Forest OÜ VIII (rated A1), IX (rated A1) and X (rated A2) with payments on hold. And maybe the €900 I invested are at risk 🧐. The funny thing? These three are the less risky projects in my portfolio according to Crowdestate evaluation 🤦♂️.
And yet another of the companies I’ve invested in, H.M. Seafood OÜ, is in financial difficulties due to liquidity problems. Thus, they can’t get the raw materials necessary for the profitable operation of production and ensuring the security of supply. The company is currently working on finding a solution to the situation. Crowdestate has even closed down trading with this project on the secondary market. As a result, I have a fourth project, H.M. Seafood OÜ (II) rated A4, which is not paying interests, and €200 more at risk 😭. Time will say what happens!
With all these problems, the accumulated XIRR has drowned to 7.65%, and this month I’ve only received €6.68.
As you may have already guessed, I have no intention of increasing my investment in Crowdestate at the moment. At least, not before all these problematic projects go back on track again.
The penultimate position of the profitability table is for Estateguru. And the cause is not that the projects are not performing well, but that most loans have a full bullet repayment schedule. In the following table, you can see only two projects will pay interests in November:
What I really like from Estateguru is that all investments are backed by mortgages on the properties.
I’ve come back to monotony in my Reinvest24 portfolio. There was only one transaction in October 😓:
From the three properties in my portfolio, only “Rental apartment in Tallinn’s tech hub” is paying interests:
The other two were scheduled to be repaid on 30.09.2019. Currently, works on both projects are fully finished and since the beginning of the September the properties are on the market for sale.
Fortunately, the interest on the investments are calculated on daily basis, starting from the day of placing the investment until the repayments are made. So my investments are still secured by the same collateral (which are more valuable now) and are earning me money with the same performance as promised. Cool!
See you next month!
Thank you for having reached the end of my crowdfunding and crowdlending portfolio update, dear visitor. I hope you found it interesting!
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And please remember: if you have any question or want to make a suggestion for a new platform to review, don’t hesitate and tell me in the comments!
See you in my next update, MyCrowdlenders!