Portfolio update February 2019
Welcome to my first blog post, the February portfolio update. A lot has happened in February.
Up until January Crowdestate has been the only platform I invested in, but this has certainly changed. Portfolio diversification has been my goal for February.
My efforts have resulted in opening accounts with four new platforms in February!
My income statement still looks pretty bland. Crowdestate currently is my main investment platform and most projects I’ve invested in, pay interest as a bullet-payment. I’ll have to be remain patient for now.
My cash flow will definitely change though, through my diversification efforts I’ll be seeing monthly interest payments coming my way soon.
Let’s have a look shall we!
Crowdlending Portfolio Income
Crowdlending income for February was € 94.70 (+54.08) and that includes € 15.00 in bonus income for first investments. Nothing to worry about for now, but this will definitely increase going forward. Can’t wait to see what March brings!
My first goal is € 1,500.00 monthly income, which means I’m currently at 6.31% (+3.60%) towards my goal.
Crowdestate income in February was € 75.96 ( +35.34). A newer development project I had invested in paid out quarterly interest, which is driving growth in income for February. Crowdestate income will likely remain the most volatile part of my portfolio. As a consequence, it’s likely income for March will drop again.
Find more information about Crowdestate in my review.
Mintos is the first platform I’ve chosen in order to further diversify my portfolio. To clarify, Mintos is the largest P2P European crowdfunding marketplace out there. For me it was an obvious choice to try Mintos next and see if I liked it. At some point I will post a review of Mintos, but I feel it’s too early still.
On to the numbers, I transferred € 3,000.00 in two payments in February. It’s extremely easy to diversify due to large number of loans. I ended up mostly investming in loans with an interest of rate 11,5% and 12% and mixed loan terms.
Crowdlending income from Mintos was € 3.74 (+3.74). Minor returns, but nothing to worry about. It hasn’t been a full month yet.
Grupeer is the second platform where I opened an investor account in my diversification efforts. The crowdfunding model is a peer-to-business model with buyback guarantee.
I chose to transfer € 2,000.00, which I invested in projects with rates of 13% and 14%. There’s no income to report yet for February.
Envestio is up third. It’s a peer-to-business crowdfunding platform offering high returns, currently up to 18%.
I opened an investment account and wired € 500.00, which I invested in a Power Plant development project. No returns yet other than a € 5.00 first deposit bonus.
And last but not least, FASTINVEST is the fourth platform I chose in order to diversify. It’s a P2P (peer-to-peer) crowdfunding platform. They operate with a fairly unique buyback guarantee, which takes effect after only 3 days of delayed payment. I transferred € 500.00 and set up auto-invest for 13% loans, which appears to be the top-end rate you can expect currently.
My plan is to use this platform mostly for diversification, as the loan list for 13% loans is funded quickly. I have no income to report yet, but there was a nice welcome bonus of € 10.00.
Conclusion Portfolio Update
February was an exciting month. Not so much when it comes to income, but I managed to accelerate investments and diversify my portfolio a bit more. I plan to keep working on diversification the coming months.
Alright then, time to wrap this up. Thanks for reading my blog post!
Did you enjoy reading my post? Feel free to leave a comment below.
See you for the March update!