Portfolio update April 2019
Another month, another portfolio update.
After two months full of change in February and March, April has been somewhat less volatile.
Nevertheless, I’ve added one platform to my portfolio:
TFGCROWD, an Estonian startup company focussing on crowdfunding business projects.
For now I’ve decided just to test the waters.
Total deposits in April amounted to: € 2,500.00
Find more information about my entire portfolio here.
My income statement certainly shows a nice upwards curve, let’s have a look at the figures for April shall we?
Crowdlending Portfolio Income
Crowdlending income for April was € 486.18 (+ 329.97). It’s great to see the upwards curve in my income graph.
My first goal is € 1,500.00 monthly income, which means I’m currently at 32.41% (+ 22.01%) towards my goal.
Crowdestate income in April was € 67.73 (– 11.06). Income has declined slightly, because March included a quarterly payment. I’m expecting an upwards curve for May as one smaller project is due to exit.
One project is falling significantly behind payment schedule. I decided to talk to Crowdestate support for an update, and it appears they’re in constant contact with the Sponsor.
Find more information about Crowdestate in my review.
Crowdlending income from Mintos was € 41.34 (+ 8.50), including € 8.13 cashback for my first time deposit.
April was my second full month investing with Mintos. The rates have risen a bit, at least for several short term loans. Up to 14%.
I’m expecting Mintos returns to go up slighty, mainly as I’m no longer dealing with delayed returns. The first buyback guarantees have kicked in by now.
Grupeer income in April was € 104.30 (+ 81.09). A big step up from March income. I’m quite pleased with Grupeer, no delay in payments it seems.
Two inconveniences however. Firstly, 14% loans are hard to come by recently. Newly added loan originators have not changed that situation.
Secondly, reporting wise Grupeer can definitely improve. It’s quite hard to see how well diversified my portfolio currently is between loan originators.
Envestio income for April was € 78.63 (+ 72.80), which includes a time span bonus of € 17.55. Envestio is starting to generate nice returns, however getting a piece of the pie from new projects is increasingly harder.
Nevertheless, I like the Envestio platform and will continue to invest. So far no delayed payments. Below one of the new projects I invested in.
FASTINVEST income was € 11.46 (+ 6.26). My entire portfolio is invested in Spanish 13% loans. I like the graphical changes FASTINVEST has made to their portal, overall a nice step forward.
I’m considering adding more funds in May, but there’s some hesitation. What’s holding me back a bit is the lack of transparency on loan originators. Word has it FASTINVEST is aiming to address this in Q2.
Swaper income was € 38.43 (+ 35.28). Overall a nice return all things considered. I’m dealing with delayed payments and the buyback guarantee is due to kick in shortly. I’ve only been investing with Swaper under two full months, and it always takes time for a platform to hit its full potential.
Swaper is also one of the platforms I’m considering to add more funds to in the near future. First I’ll wait for the loyalty bonus to become active, which should be end of May. Upgrading my 12% returns to 14% returns is a nice step up.
Viventor income was € 26.93 (+ 22.59). Returns are a bit lagging, because many Spanish short-term loans loans are overdue. New platforms in your portfolio focussed on consumer loans always need time to reach its full potential. Viventor has only been in my portfolio for one full month.
This month Viventor announced changes to loans from their Spanish loan originators. Shortly tax is being withheld at the source (Spain). This means the returns you’ll receive in your account are returns after tax. Viventor claims it’s more efficient for investors, but I don’t agree. I’m not a tax resident in Spain and worry about double taxation on my returns.
This automatically takes effect unless investors confirm their tax residency with a certificate. Again, not efficient for investors. In my case I need to pay to request such a certificate and really feel Viventor is making the wrong choice here.
I’ve decided to stop investing in Spanish loans at Viventor. It’s likely this will mean loads of cash drag for me. If that’s the case I’ll end up withdrawing funds to invest elsewhere. Time will tell.
Robocash income was € 13.63 (+ 10.78). Similar to Swaper and Viventor, returns from Robocash are a bit lagging. It needs another month before I’m expecting returns to be in the range of € 20.00 monthly.
Robocash has moved operations from Latvia to Croatia in April as well and users were requested to accept the new user agreement.
Crowdestor income for April was € 55.48 (+ 55.48). I’m still very happy after my first full month investing with Crowdestor. There were no late payments and several attractive projects launched.
To show an example, I’ve invested in the Luxury Yacht Rental.
Kuetzal income for April was € 48.25 (+ 48.25). It was my first month investing with Kuetzal and all payment were received in time. The projects I invested in deliver attractive returns, but newly launched projects present significantly lower yields. For now I’m a bit hesitant if Kuetzal can continue producing attractive projects.
TFGCrowd is a new platform in my portfolio. It’s an Estonian start-up and has launched several interesting projects, up to 17%.
For now I’m just testing the waters. I’ve invested € 1,000.00 across 3 projects.
Find below one of the projects I’ve decided to invest in.
My savings rate for April was far below the target, 30.37% (– 47.34%). It’s one big expense which is driving this downward swing in my savings rate. I’ve thought about excluding the expense, because it has a very unusual character.
However after due consideration I decided I might as well include the expense. Hopefully it’ll motivate me to push myself and still reach the annual target.
My target for the year is 75%.
See more details here.
Conclusion Portfolio Update
April was less exciting in terms of new platforms and deposits, but the upward swing in monthly income makes up for all that.
- New high for monthly income
- Added TFGCrowd to my portfolio
- Poor savings rate due to one big expense
Let’s see if May can be the first month which provides a monthly income higher than € 500.00.
Stay tuned for the May update!
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