Investment Portfolio Update (January 2020)

  • crowdfunding, p2p, loans [€78 476 (-10 005)]
  • cryptocurrencies [€2 910 (+1 453)]
  • paper assets (individual stocks, bonds,  pension funds, ETFs) [€89 888  (+396)]
  • real estate (7 rental apartments) [equity: €92 650 (+751)]
  • cash (bank deposits, cash on bank accounts) [€22 506 (-8 040)]

Net worth: €286 430 (-15 445)
Monthly Cash Flow/Investments Income: €1 814 (-132)

Some highlights:

  • Kuetzal and Envestio have vanished, which resulted in around 15K loss or 5% of my portfolio
  • There is a new section, which covers the blog income

Crowdfunding/P2P/Loans

Monthly cash flow: €767 (-90)
Monthly return: (767/78476)*100% = 0.98% (11.73% annualized)

Here is how it looks like if I subtract from this month’s income the principal loss caused by Envestio and Kuetzal:

I’m also presenting here the chart that includes Envestio just to show that it had a whopping 17% share of my total Crowdfunding/P2P portfolio.

Thanks to Envestio and Kuetzal my Crowdfunding/P2P portfolio is arguable less risky now. However, there is still some work that needs to be done. I’m in the process of decreasing the stake in Swaper and Crowdestor, while increasing EstateGuru, Grupeer and Mintos. I would also like to add to Bulkestate and Reinvest24, but currently, they don’t offer enough projects. Hopefully, this is because they do their due diligence and analyze projects better than other platforms. Despite the latest incidents in P2P industry, I will still continue investing in P2P, but now I will be more cautious and will do more thorough due diligence.

Estateguru


In my opinion, EstateGuru is one of the safest platforms out there as they have a proven track record of successfully recovered projects.


In February I plan to deposit at least 500 EUR to EstateGuru.

If you would like to get a 0.5% bonus from all investments made during the first 3 months then feel free to register using my referral link!

XIRR11.9%
Earned€92.48
Deposits€0
Withdrawals€290
Total Account Value€9 447

Twino


This one is self-descriptive and boring 🙂 Overall, I’m happy with the passive income that TWINO provides.

XIRR10.67%
Earned€35.73
Deposits€0
Withdrawals€322.21
Total Account Value€4 722

Mintos


In January, I withdrew €790 because I needed some cash. I don’t plan to exit Mintos, moreover, I’ll definitely add more funds to this platform in February.

The interest rates are moving up on Mintos and already reaching 15%, also Monego loans are slowly paid back as they reach 60+ days overdue.

If you want to try Mintos, feel free to use my referral link. This way we will both get bonuses.

XIRR12.20%
Earned€64.50
Deposits€0
Withdrawals€790
Total Account Value€6 359

Crowdestate


My income from Crowdestate is going down. I’m not surprised considering the number of problematic projects on this platform. Nevertheless, in January I invested in 2 low-risk (in my opinion) projects backed by real estate.

XIRR6%
Earned€30.73
Deposits€0
Withdrawals€0
Total Account Value€10 044

Crowdestor


This month I invested in 2 high-yield projects on Crowdestor:

Crowdestor is a platform that so far made all the payments to investors on time. I hope these payments that we see in our accounts correlate 100% with what borrowers actually pay/transfer to Crowdestor.
One more thing that I like about Crowdestor is its buyback fund. The current value of this fund is around 317K and it grows with each new project.

This is what Crowdestor tells us about their Buyback Guarantee Fund:

In summary, the Buyback Guarantee Fund will operate in a roughly similar way to the Deposit Guarantee Funds of credit institutions operating in the EU Member States. While being a start-up crowdfunding entity, CROWDESTOR constantly strives to offer to its client’s various instruments aimed for improvement of the Investors’ risk standing in an overall balanced and structured approach.

Crowdestor

However, for now, I’m decreasing my position in Crowdestor by withdrawing the interest and principal that I receive. My stake in this platform is too high.

XIRR17%
Earned€182.40
Deposits€0
Withdrawals€424.32
Total Account Value€12 055

Swaper


In January I have withdrawn €625.21 from my Swaper account. There is nothing wrong with this platform and I don’t plan to exit, just rebalancing my p2p portfolio. Swaper offers quite a passive investment experience and a loyalty bonus (+2%) for those who invest more than 5K.

XIRR13.5%
Earned€121.53
Deposits€0
Withdrawals€625.21
Total Account Value€12 075

Robocash


Robocash investments are super passive and stable as usual.

XIRR12%
Earned€31.14
Deposits€0
Withdrawals€0
Total Account Value€3 274

Grupeer


Grupeer is one of my favorite platforms. They have a good level of transparency and maintain quite high interest rates. In January, after all the nasty events in P2P world, Grupeer came out with a statement and even invented a new word to reassure investors that they’re serious about their business. 🙂

transPEERancy: noun
/tranˈspɪə/ransi /
the condition of P2P company being transparent.

Grupeer


In February I will definitely add more funds to my Grupeer account.

XIRR13.4%
Earned€73.86
Deposits€0
Withdrawals€0
Total Account Value€6 853

Envestio


As you probably noticed, in the last couple of months I was decreasing my position in Envestio, because it’s share in my p2p portfolio was too big. 

Unfortunately, it has automatically decreased to 0, because Envestio disappeared with investors’ money. There is a very big chance that Envestio was a scam and most of their projects are fake. My loss is close to €15k. 🙁

There is a criminal investigation that was started by Estonian police. More info can be found here: Were Envestio and Kuetzal a fraud?

In my opinion, the odds of recovering any money are really low. Because of this, I made a decision to completely write off both Kuetzal and Envestio account values from my portfolio.


Bulkestate


I really like this platform as most of their projects have real estate as collateral and they provide pretty high returns.

In January Bulkestate team caught a fraudulent project. All funds were returned to investors. Here is an excerpt from an e-mail from Bulkestate team:

Based on the information provided to Bulkestate the seller of the property on Martas Street allegedly operated with falsified documents and criminal proceedings have been initiated. Thanks to the swift reaction of the involved parties and excellent cooperation with the State Police of Latvia and the office of Sworn Notary, the alleged fraudsters have been detained quickly. However, this also means that the transaction — acquisition of the property — cannot be completed.  

Bulkestate

I hope Bulkestate will be able to bring more projects (preferably not fraudulent ones and with monthly interest payments) this month.

Earned€11.17
Deposits€0
Withdrawals€0
Total Account Value€3 096

Reinvest24


Great platform, but not enough projects. I will add new funds to Reinvest24 as soon as they add a new project.

Earned€3.33
Deposits€0
Withdrawals€0
Total Account Value€1 044

Wisefund


I added Wisefund at the beginning of September. It looks similar to Envestio and Kuetzal and also provides similar high interest rates. They also offer a buyback guarantee, which seems to be fake. This is one of the reasons why I decided to pause my investments into this platform. I’m also withdrawing all interests/principal that I receive. I wouldn’t suggest investing in this platform at this moment.

Earned€23.67
Deposits€0
Withdrawals€47.24
Total Account Value€1 495

Cryptocurrencies

Total portfolio value: €2910 (+1 453)

Nexo


Nexo is a new platform in my Cryptocurrencies portfolio. It gives 8% interest rates on cash deposits, which are backed by crypto assets.

A bit more details on this feature from Nexo site:

In January I transferred another €1000 to the platform and immediately started to receive interest.
The value of my Nexo tokens increased from $148.42 to $232.74.

Coinbase


Paper Assets

Stocks/ETFs

My current stocks portfolio value: €58 995 (-309).

In January I added some shares to my Estonian stocks portfolio. Nevertheless, as you can see, the value of my portfolio went down. This is mostly due to worries related to coronavirus. For example, BMW closed one of their biggest factory in China and this of course was heavily reflected in the share price.

Dividend income in Januray: $12.1 (+0.13)


Pension Funds

My pension funds (2 & 3 pillars) account value: €30 893 (+705).

2nd pillar: Tuleva World Stocks Pension Fund

3rd pillar: Tuleva III Pillar Pension Fund

In one of my previous portfolio update I emphasized that when choosing a pension fund I’m looking for 2 things:

  • low expense ratio 
  • invests mostly in broad ETFs

Real Estate

Here is the performance of my 7 rental apartments:

EquityCash Flow
Rental Property #1€34 500€300
Rental Property #2€25 597€164
Rental Property #3€5 145€76
Rental Property #4€3 970€118
Rental Property #5€5 258€64
Rental Property #6€17 236€148
Rental Property #7€944€155
Total€92 650€1 025

The equity increased by €751, this is all through monthly principal repayments. I am not taking into account any appreciation/depreciation in my real estate portfolio since it’s something that is very hard to measure.

Monthly return: (1025/92650)*100% = 1.11% (13.28% annualized)


Blog

Monthly income: €10


Cash

Cash position: €13 292 (-6 421) and $10 179 (+17).


Thanks for reading! As always feel free to leave your comments/questions/suggestions below and don’t forget to subscribe! 😉


2 thoughts on “Investment Portfolio Update (January 2020)

  • Great update! Sorry for the loss from Kuetzal and Envestio.
    What are your thoughts on both of the law cases, which are being compiled right now? Are you participating and what are your hopes?

    About crypto, are you hoping for a boost from the BTC halving?

    • Thanks!
      I think lawyers and organizers will definitely earn some money with these law cases 🙂

      I’m one of those freaks that believe in the future of Crypto/blockchain. And, yes, in my opinion BTC halving will give some boost, but there will be even more growth in the future.

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