Covid-19 measures are slowly easing in most European countries. The good weather, higher temperatures but especially the increased UV values and the Vitamin D that our body produces under these conditions slow down the virus rapid spread.
While the stock markets and precious metals (strangely enough) had a very bad month this year, my p2p portfolio shows black numbers again. It will take a while before my total return will be on beak-even, but for the time being it looks a bit better every week.
Exactly one year after the start of my p2p journey blood-red figures due to the collapse of two platforms one after the other. In both cases it seems that there is fraude in play. I think the chance that the investments of a few thousand investors and a few tens of millions of euros will ever be recovered is nil. I have written off both Kuetzal and Envestio.
This month 450 € was added to my total return since I started my p2p journey in January 2019. This is by far the highest monthly return. This month I invested a total of 2.048 € in various projects and deposited a total of 1.250 € on various platforms. I also withdrew 350 € from Kuetzal due to some negative news on various blogs regarding the reliability of some projects and the platform itself.
Unfortunately we have to inform that Kuetzal is announcing wind-down, furthermore the company will only process withdrawals of the funds, the company is no longer accepting new project applications, investors registrations and deposits. Company’s reputation was harmed sufficiently for the past weeks, and Kuetzal management does not see a way to recover investor’s activity, therefore we may not return to usual working process. The mission of the company may not be reached anymore.
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