Investment Portfolio Update (September 2019)

I didn’t make any significant changes to the portfolio in September. One change that is worth mentioning is the addition of a new crowdfunding platform, see more details below.

  • paper assets (individual stocks, pension funds, ETFs) [€84 789 (+1 395)]
  • real estate (7 rental apartments) [equity: €89 628 (+1 298)]
  • crowdfunding, p2p [€85 336 (+856)]
  • cryptocurrencies [€440 (-99)]
  • cash (bank deposits, cash on bank accounts) [€22 370 (+1 594)]

Net worth: €282 563 (+5 045)
Cash Flow/Investments Income (September): €2 060 (+2)

The cash flow increase is not that exciting, but at least it didn’t drop below €2 000 target. 
Overall, I am quite satisfied with the results, especially with a +5K equity growth comparing to the previous month. Most of it comes from cash increase, pension funds, and real estate monthly principal repayments.

I would like to increase my equities exposure by adding more ETFs, while decreasing the Crowdfunding/P2P position. In my opinion, it would make my portfolio less risky, but at the same time it would decrease the cash flow, which is, kind of, against my main goal 🙂

To start aggressively moving funds from cash flow producing Crowdfunding/P2P platform to the stock market an additional motivation is required. For me, this additional motivation is stock market correction. Meanwhile, I will continue passively (regular small amounts) investing in the stock market, while also increasing my position in Crowdfunding/P2P platforms.


Paper Assets

Stocks/ETFs

There were no major changes in my stock portfolio, it’s current value: €58 171 (-942).

Such marginal decreases/increases are completely fine and usually happen due to ordinary market fluctuations.

However, while I’m writing this post the stock market continues to slide. In a last couple of days S&P 500 lost 3-4%. If it drops another 4-5% I would consider withdrawing some funds from Crowdfunding/P2P platforms in order to buy more ETFs. In case you want to know more about my experience with this strategy during the last market correction in December 2018, you can read it here.

Dividend income in September: $85.3 (-7.1)


Pension Funds

My pension funds (2 & 3 pillars) account value: €26 618 (+2 338).

I switched to passively managed funds for both pillars just because I don’t want to pay commissions to “active managers” for messing with my money.

2nd pillar: Tuleva World Stocks Pension Fund

Total expense ratio: 0.46%
Asset allocation: 73% MSCI ACWI (EUR) and 27% Bloomberg Barclays Global Aggregate Index (EUR)

3rd pillar: LHV Pensionifond Indeks Pluss

Total expense ratio: 0.85%
Asset allocation: 

I don’t have any special feelings for these pension funds. My criteria for a good fund:

  • low expense ratio 
  • invests mostly in broad ETFs

Real Estate

cash flow from real estate

I am working on adding Rental Property #8, hopefully, it would join the family in 1-2 months. I will share more info in upcoming posts.
Meanwhile, here is the performance of the existing 7 rental apartments:

EquityCash Flow
Rental Property #1€34 500€300
Rental Property #2€25 136€164
Rental Property #3€4 473€76
Rental Property #4€3 611€117
Rental Property #5€4 754€46
Rental Property #6€16 954€65
Rental Property #7€200€340
Total€89 628€1109

The equity increased by €1298, 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: (1109/89628)*100% = 1.23% (14.84% annualized)


Crowdfunding/P2P

Cash Flow in September: €865
Monthly return: (865/85336)*100% = 1.01% (12.12% annualized)

The income from Crowdfunding/P2P looks very stable and ready to touch a €1000/month goal.

Monthly cash flow from Crowdfunding/P2P platforms

Estateguru

I heard that Estateguru is testing its Secondary Market feature. I was really looking forward to it. Being able to exit my investments early is a huge advantage for me.

If you subscribe to Estateguru using this link you will get a 0.5% bonus from all investments made during the first 3 months.

XIRR10.6%
Earned€50.85
Deposits€200
Withdrawals€0
Total Account Value€8 030.85

Twino

This one is self-descriptive and boring 🙂 As I already mentioned in my previous portfolio update, the returns are going down because I am trimming my position on this platform in favor of other platforms. I plan to still keep ~4K for diversification.

XIRR10.76%
Earned€41.83
Deposits€0
Withdrawals€0
Total Account Value€5 183.05

Mintos

In September, I mostly invested in short-term loans and withdrew €282, since interest rates on Mintos are getting low again.

XIRR12.71%
Earned€117.71
Deposits€0
Withdrawals€282
Total Account Value€8 744.59

Crowdestate

This month was definitely better than the previous one, as some late payments finally came in. Nevertheless, I’m still reducing my position on Crowdestate.

XIRR8%
Earned€73.52
Deposits€0
Withdrawals€441.19
Total Account Value€9 951

Crowdestor

There were a lot of new and interesting projects on Crowdestor in September. I invested in a majority of them.
The spike in August is due to interest payment from Energy Production Plant project.

XIRR17.3%
Earned€113.74
Deposits€1 195.75
Withdrawals€0
Total Account Value€11 234.41

Swaper

Yet another month of completely passive and boring income on Swaper.

XIRR13.9%
Earned€139
Deposits€0
Withdrawals€0
Total Account Value€14 142

Robocash

Robocash is super passive and stable as usual.

XIRR12.38%
Earned€35.04
Deposits€0
Withdrawals€0
Total Account Value€3 143.57

Grupeer

There are some changes that are coming soon to Grupeer. They announced that they plan to add loans without a buyback guarantee and a secondary market.
I’m not interested in loans without buyback, but I was definitely waiting for a secondary market as it increases the liquidity.

XIRR13.50%
Earned€53.49
Deposits€0
Withdrawals€410
Total Account Value€4 892

Envestio

In September I withdrew €800 from Envestio and reinvested all other interest and principal payments.

If you subscribe to Envestio using my referral link you will get €5 “first deposit bonus” and 0.5% “timespan bonus” on all investments made during 270 days (9 months!).

XIRR19.3%
Earned€238.61
Deposits€0
Withdrawals€800
Total Account Value€15 269

Bulkestate

It looks like, I completely ignored Bulkestate this month.

Earned€2.68
Deposits€0
Withdrawals€0
Total Account Value€2503

Kuetzal

In September I received my first interest payment from Kuetzal.

In case you want to give it a try, by using my referral link you will get a 0.5% bonus on all investments made within 180 days.

I plan to make a deposit this month to invest in this project:

Earned€6.34
Deposits€0
Withdrawals€0
Total Account Value€506.34

Reinvest24

I would like to add more funds to Reinvest24, but there are no new projects. Hope they will fix it soon.

Earned€0.73
Deposits€0
Withdrawals€0
Total Account Value€539

Wisefund

I added this platform at the beginning of September. So far, I saw only business loans on Wisefund. It looks similar to Kuetzal, Envestio, Crowdestor and also provides similar high interest rates.

In total, I invested €1000 in the following 4 projects.

If you would like to get 0.5% cashback on each investment made during first 270 days then register using my referral link!

Earned€3.17
Deposits€1000
Withdrawals€0
Total Account Value€1003.17

Cryptocurrencies

Total portfolio value: €440.39 (-98.22)


Cash

Cash position: €7 007 (+1423) and $16 699 (+5).


I hope you enjoyed reading this post!

Feel free to add your comments/questions below. And don’t forget to subscribe! 😉



4 thoughts on “Investment Portfolio Update (September 2019)

  • I don’t understand your real estate equity, especially €200 with last one. You’re saying you got a few 10k credit with only €200 downpayment? Thanks in advance.

    • It’s possible to buy real estate without down payment if you use additional collateral. Hope it answers your question.

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