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 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:

Accumulated Crowdlending and Crowdfunding Returns until October 2019
Accumulated Crowdlending and Crowdfunding Returns until October 2019

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.

Accumulated Crowdlending and Crowdfunding Returns until October 2019 with platform contribution detail
Accumulated Crowdlending and Crowdfunding Returns until October 2019 with platform contribution detail

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:

Table. Crowdlending and Crowdfunding returns obtained in October 2019
Profitability Table. Crowdlending and Crowdfunding returns obtained in October 2019

This month I’ve made new deposits to Kuetzal (+€500), Robocash (+€1,000) and Swaper (+€900), and no withdraws have been done.

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!

Kuetzal

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:

Kuetzal Income until October 2019
Kuetzal Income until October 2019

Below you can see my overview panel as of 31/10/2019:

Kuetzal Summary Panel as of 31/10/2019
Kuetzal Summary Panel as of 31/10/2019

And these are the last projects I’ve invested in:

Last Investments I've made in Kuetzal until October 2019
Last Investments I’ve made in Kuetzal until October 2019

If you want to invest in Kuetzal, you can register with this link, and you will earn an additional 0.5% of all your investments made within 180 days.

Envestio

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.

Envestio Income until October 2019
Envestio Income until October 2019

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:

Some of my Active Investments in Envestio as of 31/10/2019
Some of my Active Investments in Envestio as of 31/10/2019

You can take a look at my current account balance and my investments’ repayment schedule for the first days of November below:

Envestio Overview Panel as of 31/10/2019
Envestio Overview Panel as of 31/10/2019

Crowdestor

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.

Crowdestor Income until October 2019
Crowdestor Income until October 2019

Crowdestor has paid €121.26 in October, and the XIRR dropped slightly to 15.26% (it was 15.48% until September). Have I ever told you that Crowdestor is my favourite crowdfunding platform? 😍

This is my overview panel as of 31/10/2019:

Crowdestor Overview Panel as of 31/10/2019
Crowdestor Overview Panel as of 31/10/2019

In the following screenshot you can take a look at the last investments I’ve made:

Some of my Active Investments in Crowdestor as of 31/10/2019
Some of my Active Investments in Crowdestor as of 31/10/2019

If you decide to invest in  Crowdestor, consider registering using this referral link, to help me maintain the blog online.

Grupeer

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).

Grupeer Income until October 2019
Grupeer Income until October 2019

Take a look at my overview panel as of 31/10/2019:

Grupeer Overview Panel as of 31/10/2019
Grupeer 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!

You can read my complete and updated Grupeer review here in order to learn more about this great crowdlending platform.

FastInvest

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.

FastInvest Income until October 2019
FastInvest Income until October 2019

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:

FastInvest Statistics Panel as of 31/10/2019
FastInvest Statistics Panel as of 31/10/2019

Finally, take a look at my overview panel dated 31/10/2019:

FastInvest Overview Panel as of 31/10/2019
FastInvest Overview Panel as of 31/10/2019

If you decide to invest in FastInvest, consider registering using this referral link, to help me maintain the blog online.

Mintos

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.

Mintos Income until October 2019
Mintos Income until October 2019

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).

My Mintos EUR Loan Interest, Duration and Loan Distribution Summary as of 31/10/2019
My Mintos EUR Loan Interest, Duration and Loan Distribution Summary as of 31/10/2019

The weighted average interest rates of my RUB and MXN loans have also decreased, but just a little:

My Mintos RUB Loan Interest, Duration and Loan Distribution Summary as of 31/10/2019
My Mintos RUB Loan Interest, Duration and Loan Distribution Summary as of 31/10/2019

Below you can take a look at my Overview panels in the three different currencies I’m using to invest:

Mintos EUR Overview Panel as of 31/10/2019
Mintos EUR Overview Panel as of 31/10/2019
Mintos RUB Overview Panel as of 31/10/2019
Mintos RUB Overview Panel as of 31/10/2019
Mintos MXN Overview Panel as of 31/10/2019
Mintos MXN Overview Panel as of 31/10/2019

And these are my accounts statements for October 2019 :

Mintos October 2019 EUR Account Statement
Mintos October 2019 EUR Account Statement
Mintos October 2019 RUB Account Statement
Mintos October 2019 RUB Account Statement
Mintos October 2019 MXN Account Statement
Mintos October 2019 MXN Account Statement

You can read my complete and updated Mintos review here, in order to learn more about this great crowdlending platform.

Viainvest

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!

Viainvest Income until October 2019
Viainvest Income until October 2019

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:

ViaInvest Account Balance as of 31/10/2019
Viainvest Account Balance as of 31/10/2019
ViaInvest Account Summary as of 31/10/2019
ViaInvest Account Summary as of 31/10/2019

If you want to add Viainvest to your crowdlending portfolio, consider registering using this referral link, to help me maintain the blog online.

Lenndy

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).

Lenndy Income until October 2019
Lenndy Income until October 2019

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.

Lenndy Overview Panel as of 31/10/2019
Lenndy Overview Panel as of 31/10/2019

Despite the irregularity in monthly income, Lenndy is performing very well. After ten months investing with them, I’m ready to recommend it!

If you want to diversify your portfolio with Lenndy, consider registering using this referral link, to help me maintain the blog online.

Robocash

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.

Robocash Income until October 2019
Robocash Income until October 2019

Take a look at my overview panel as of 31/10/2019:

Robocash Overview Panel as of 31/10/2019
Robocash Overview Panel as of 31/10/2019

If you want to know more about Robocash you can read my complete and updated review here.

PeerBerry

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).

PeerBerry Income until October 2019
PeerBerry Income until October 2019

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):

PeerBerry Overview Panel as of 31/10/2019
PeerBerry Overview Panel as of 31/10/2019

If you want to diversify your portfolio investing with PeerBerry, consider registering using my referral link, to help me maintain the blog online.

Swaper

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.

Swaper Income until October 2019
Swaper Income until October 2019

Below you can take a look at my Swaper overview panel and account statement:

Swaper Overview Panel as of 30/10/2019
Swaper Overview Panel as of 30/10/2019
Swaper October 2019 Account Statement
Swaper October 2019 Account Statement

In case you are interested in knowing more about Swaper, please read my 2019 complete review.

Crowdestate

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.

Crowdestate Income until October 2019
Crowdestate Income until October 2019

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.  

Estateguru

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:

My active investments at Estateguru by 31/10/2019
My active investments at Estateguru by 31/10/2019
EstateGuru Overview Panel as of 31/10/2019
EstateGuru Overview Panel as of 31/10/2019
EstateGuru Key statistics by 31/10/2019
EstateGuru Key statistics by 31/10/2019

What I really like from Estateguru is that all investments are backed by mortgages on the properties.

I you want to start investing through Estateguru, please consider registering using my referral link, to help me maintain the blog online.

Reinvest24

I’ve come back to monotony in my Reinvest24 portfolio. There was only one transaction in October 😓:

Reinvest24 Transactions and Overview Panel as of 31/10/2019
Reinvest24 Transactions and Overview Panel as of 31/10/2019

From the three properties in my portfolio, only “Rental apartment in Tallinn’s tech hub” is paying interests:

Portfolio Update: My money works for me also in October 2019 1
Active Properties in my Reinvest24 Portfolio as of 31/10/2019

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!

If you haven’t done it yet, why don’t you follow me on twitter?

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!

6 Responses

  • Great portfolio update Carlos.
    13.8% annual return is very good, and earning 562 euros while sleeping is not bad at all 😀

    I wanted to ask you about Kuetzal. I registered on it recently, and as part of my security checks I wrote to the customer support team enquiring about information (overall loan stats, financial reports, etc). I didn’t get any reply back, and I have written them twice.
    I am investing already on 6 Crowdlending platforms, and it’s the first time that I don’t get any reply. Did you try to contact them?

    Thanks!

    • Welcome Gonzalo!
      I’m really happy with the results, actually. But not so happy with Crowdestate performance!
      Regarding your question about Kuetzal, I must admit I’ve never contacted through their customer support team. However, they have contacted me when anything ‘irregular’ or ‘negative’ was known about any project, and that’s quite responsible and reassuring. On the 7th November they wrote all the investors of project “Marina Code SP” to inform they have faced some problems with the borrowing company, and have decided to return the investors all the money invested, even though that project was not covered by buyback. You can find the e-mail here:

      Important message to all investors in the Marina Code SP company at Kuetzal (loan no #0010). Thanks to our investors and our legal department we have found out negative information on company current business activity. During our cooperation with Marina Code SP we have determined:
      • Lack of communication
      • Lack of reporting
      • Unprofessional approach along with incorrect data provided
      • Bad expertise with current partners
      Even though all the payments by the company were made on time, all the mentioned points forced Kuetzal to stop cooperation with Marina Code SP. Current project was not supported with buy back and project financing has following source:
      78% (207,340€) – Kuetzal Care funds.
      22% (58,605€) – Total investments by Kuetzal Clients.
      After a dialogue with company representative, Kuetzal has taken a decision to return invested funds from the company and return the invested funds to Kuetzal investors. Marina Code SP has confirmed following decision and the project will be closed in the next days, all invested funds will be returned to the investors.
      Current project is considered as the early exit – all the interest earned by the investors is considered as a profit, and the rest of the funds will be returned to Kuetzal account.
      From our side we would like to thank the community for cooperation. As the due diligence process in Kuetzal is rather strict, we have a confirmation that a part of information provided by the company is suspicious and could be considered as faithless, we have passed the information to the responsible institutions for further investigation.
      Kuetzal team is apologizing to the investors for the inconvenience caused, however we prefer to keep transparency and inform the community beforehand. Furthermore we plan to strengthen our legal department to avoid similar cases. Investors trust and zero default rate has always been #1 priority to our team.

      They have already returned my money to me, as promised.
      Please keep us informed whether they answer you or not. Maybe they are just too busy…
      Regards!

  • Hello,
    Great blog and a fantastic performance this month
    Could you please explain how you calculate the XIRR for a single month?

    • Hi Xis, and thanks for passing by my blog!
      I don’t calculate the XIRR for a single month. Instead, I present the accumulated XIRR for every platform since I began investing with them until that month (included).
      To calculate the XIRR I use the Excel formula.

Leave a Reply

Your email address will not be published. Required fields are marked *