Portfolio update March 2019
Here we go again, the March portfolio update.
Boy oh boy, March was another month of change.
More deposits and more platforms. Remember how I added four platforms to my portfolio last month?
I added another five in March!
These are the platforms I decided to go with:
Total deposits in March amounted to: € 32,100.00
Crazy right, I wasn’t kidding about accelerating investments.
Find more information about my entire portfolio here.
My income statement is starting to become more interesting, lets have a look at the numbers.
Crowdlending Portfolio Income
Crowdlending income for March was € 156.21 (+ 61.51) and that includes € 13.82 in cashback for my first Mintos deposit. It’s great to see my diversification efforts are paying off. The newly added platforms have barely generated any income, so I’m expecting another noticable increase for April.
My first goal is € 1,500.00 monthly income, which means I’m currently at 10.40% (+ 4.10%) towards my goal.
Crowdestate income in March was € 78.79 (+ 2.83). Income is fairly stable compared to last month, because no projects ended in March. Unfortunately two project payments are late, so hopefully we see a catch up in April.
Eventhough Crowdestate is already the largest platform in my portfolio, I couldn’t resist investing in two interesting opportunities in March. Expected returns of 16% and monthly interest payments.
Find more information about Crowdestate in my review.
Crowdlending income from Mintos was € 36.58 (+ 29.10), including € 13.82 cashback for my first time deposit. As a result, XIRR ended up at 13.14% which is decent.
March was my first full month investing with Mintos. I hope the rates will rise a bit, because I struggle to get 12% loans with my auto-invest criteria.
My criteria include rating, buy back guarantee, sufficient diversification and term. I’m a bit hesitant adding more funds to my Mintos account for this very reason.
Grupeer income in March was € 23.21 (+ 23.21). My first full month with Grupeer was a good experience, resulting in me adding € 8,000 to my investor account in March. I don’t plan on adding more funds any time soon. Income for March is still relatively low, but from April onwards I expect roughly € 100 monthly income.
Envestio income for March was € 5.83 (+ 0.83). My start with Envestio was slow, but in March I added € 4,000.00 to my investor account in several payments. Basically I always made sure to have 500.00 available on my account. This is necessary, because projects fill up very quick. Find below an image of one of the projects I invested in, expected returns of 17.8%.
FASTINVEST income was € 5.20 (– 4.80). Last month’s income was entirely made up of bonus income, hence the decline. Early March I added another € 500.00 to my investor account and I’ve been taking it slow ever since. My entire FASTINVEST portfolio is invested in 13% loans.
I’m considering adding more funds in April, but there’s some hesitation. What’s holding me back a bit is the lack of transparency on loan originators.
For now I’ve decided to revisit this subject later. I have no intention of withdrawing or selling the funds invested. In fact, my auto-invest is active and is reinvesting interest.
Swaper is one of the new platforms added to my portfolio. I looked for a platform which focusses on short-term loans, up to 30 days, and comes with a buyback guarantee. The main reason for searching such a platform is increased liquidity if the situation calls for it.
Swaper fits that description and comes with a loyalty bonus if your balance surpasses € 5,000 for 3 consecutive months. This means an attractive return of 14% on short-term loans. Without the loyalty bonus the default return is 12%.
In March I transferred € 5,000, which means I’ll get to enjoy the loyalty bonus from June onwards. Cash drag is likely a risk as it lasted a while before my funds were fully invested.
Swaper income was € 3.15 (+ 3.15). It hasn’t been a full month yet, so there’s really not much to comment on just yet.
Viventor is another new platform in my portfolio. Like Swaper, there are a lot of short-term loans which is exactly what I’m looking for.
Some of Viventor’s loan originators operate with a buyback guarantee. It kicks in after 30, 60 or 90 days depending on the loan originator. Currently there’s quite a few loans outstanding up to 14%.
I set up Auto-Invest, transferred € 5,000 and all my funds were quickly invested in 14% loans.
Viventor income was € 4.34 (+ 4.34) . Returns are minor, but that’s to be expected.
Robocash is the third new platform in my portfolio. The reason for opening an account with this platform is similar as for Swaper and Viventor. Robocash focusses on short-term loans with buyback guarantee and I want a chunk of my portfolio to be fairly liquid.
In March I transferred € 2,000 and that was pretty much immediately invested. For those not familiar with the platform, it comes with a fixed return of 12%.
Robocash income was € 2.85 (+ 2.85). As expected, not much to report for March.
Crowdestor was added to my portfolio in March as well, and I’m already pretty pleased with this platform. Interesting business and development projects combined with high-end returns. Crowdestor is a start-up company, but I really like the fact they recently added a Buy Back fund.
As I prefer to diversify between projects in start-up companies, I hope Crowdestor manages to release new projects frequently.
The countdown on the website before a new project is released is much appreciated as well. It reduces the risk of missing out on projects.
In March I transferred € 4,000.00 to my investor accounts, but there’s no income to report yet.
Saapio is one of the projects I invested in.
And we arrive at the last platform for the March update! Kuetzal is the fourth and final platform I added to my portfolio.
Kuetzal is another Latvian start-up company with interesting projects and high returns. Founded in 2018, it’s the youngest platform in my portfolio. The first two projects have recently been funded and another 6 are slowly filling up.
Interest starts accruing the moment you invest in a project and Kuetzal Care guarantees every project gets funded. More details here.
I found this Kuetzal review to be helpful.
In March I opened an account and invested € 3,000.00 spread over 4 projects. Find an example of a project I invested in below.
There is no income to report yet.
My savings rate for March was on par, with 77.72% (– 11.78%). I’m quite pleased achieving the target for the month. As a result, I’m also in good shape for my annual target.
My target for the year is 75%.
See more details here.
Conclusion Portfolio Update
March was another exciting month!
New platforms to help diversification, rising monthly income and a significantly larger portfolio. I don’t expect to be adding new platforms in April, but feel free to recommend one and share your experience in the comments.
In March I also finished reading Rich Dad, Poor Dad, The Richest Man in Babylon and Money, Master the Game. A great read for beginning investors.
Some of the content from Money, Master the Game is focussed on the US, but still worth the read. It’s written by Tony Robbins and always manages to motivate me.
A quote from The Richest Man in Babylon:
“A part of all I earn is mine to keep.’ Say it in the morning when you first arise. Say it at noon. Say it at night. Say it each hour of every day. Say it to yourself until the words stand out like letters of fire across the sky.”
That’s some wisdom right there!
A rough projection for April makes me think income will land at approximately € 450. That would be a big step up!
My plan is to slow down my deposits and focus on investing in projects with 15%+ returns. And obviously re-invest the returns.
Curious where my savings will go in April? Me too!
Stay tuned for the April update.
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