Welcome to my monthly update.
Stock markets and precious metals prices are rising fast. Share prices far too fast in my opinion, the economic blow is yet to come. For precious metals, the financial climate will only get better as thousands of billions of euros and dollars will be pumped into the system will have consequences. Debts become unsustainable. Interest remains low . This is a perfect environment for precious metals. I made quite a few purchases in March, especially gold and silver mining stocks, supplemented with some ETFs in mainly silver and platinum, which are still relatively cheap compared to gold. As can be seen in the graphs, I slightly reduced exposure to P2P. Not that I no longer trust the concept, but the current circumstances are less favorable and the risks are higher. In addition, I expect the return on silver and gold mines to be higher than P2P, just like Uranium mines, by the way.
Still a lot of e-mails from the different P2P platform regarding COVID-19 .
The difference in maturity between the platforms is beginning to become visible. A number of platforms such as Crowdestor and Wisefund have taken a 3-month break in terms of repayment and interest payments. Platforms like Grupeer and Monethera use the situation as an excuse to hide the fact that there is much more going on below. My confidence in the last two is 0 right now. They still appear in the overviews because both websites are still up and running. Other platforms like Crowdrealestate, Mintos, Peerberry and Swaper and Robocash seem to be able to handle the situation better.
I do not foresee a positive return on my P2P portfolio for the next two years, but I remain positive about the concept. The platforms that successfully weather this COVID-19 crisis will generate confidence in the future of the platform. Ultimately, investing is a long-term process.
For now it is important that everyone stays healthy, because that is priceless!
Monthly return for April 2020 was €212. Total result is –€2.079
for more info on investments see my p2p journeys section
Check the charts below for my monthly progress, total income and total invested since the start of my p2p journey in January 2019. I also updated the P2P results page
updated april 30, 2020
No investments this month
Return for April 2020 was only €2,07 same as last month. However, as shown in the graph, most projects only pay interest at the end of their term.
for more info on investments and progress see my bulkestate journeys section
No investments this month. Withdrew €200. The number of loans with issues are stable at the moment.
Return for April 2020 was €9.63
for more info on investments and progress see my crowdestate journey section
Crowdestor announced a Recovery Period of 3 Months due to the COVID-19 crisis. During this time CROWDESTOR will defer any loan repayments and will not affect any liens or other securities that CROWDESTOR holds.
Return for April 2020 due to this Recovery Period was €0.
for more info on investments and progress see my crowdestor journey section
Three project finished in April 2020 and received the invested amount plus interest. Re-invested in five new projects with an interest rates of 12-14% spread over three countries.
Return for April 2020 was €25,63, highest so far. Many project don’t have a monthly return schedule so the returns in this platform are lower on a monthly base.
for more info on investments and progress see my estateguru journey section
No investments this months, as no interesting projects were listed.
Return for April 2020 was stable at €10,45. It takes a while before these real estate projects start seeing return. The next couple of months should see a higher return.
for more info on investments and progress see my evoestate journeys section
Once one of my favorite platforms is probably a scam. For the moment all payments to investors of Grupeer are currently suspended (like Crowdestor, Monethera and Wisefund), but in case of Grupeer a couple of their loan originators don’t have license to lend out money as it appears in several Telegram groups.
As long as the website up-and-running, I will not write off Grupeer and include the results in my weekly and monthly overviews. However, I am not very positive about the outcome.
Return for April 2020 was €0. I withdrew €100 in March 2020 but the money has not been deposited to my bank account yet.
for more info on investments and progress see my grupeer journey section
Three project finished in March. No re-onvestments as thenet gain (after taxes and platform cost) are to low. The last couple of months more and more projects are delayed. The good thing is that as an investor we can vote on the proposal made by a developer in a ‘Lenders Meeting’ for a new payment schedule. The bad thing is the number of “Lenders Meetings’ are rising. So far I received all the payments.
Return for April 2020 was €15.04 (this is after tax and the housers fee). These extra costs take a big chunk out of the profits. I will try to deduct tax within my own country.
for more info on investments see my housers journey section
lender & spender
For Lender & Spender I choose to pay out the redemption to my bank account instead of reinvesting. As this platform is also supervised by the Dutch Financial Markets Authority I will probably increase my investments the next couple of months despite the lower returns (4.0%)
Return for April 2020 was €6,05
for more info on investments and progress see my lenderspender journey section
My favorite platform so far due to the number of loan originators, the extensive auto-invest features and the good interest rates, although they fluctuate month-by-month. Interest rates are rising fast up to 26%. But they come with a risk as the COVID-19 situation continues.
I withdrew €2.000 to balance my P2P portfolio. Money was deposited within a couple days.
Return for April 2020 was a stable €122,68 for the euro and russian ruble portfolio combined.
for more info on investments see my mintos journey section
Exchange Rate: EUR
Monethera announced a temporary complete cessation of the work of their platform. It is not looking good. Monethera was previously the subject of conversation on Telegram (and not in the positive). Chances are very high that this platform is also subject to fraud.
As long as the website is up and running, Monethera will remain in my weekly and monthly overviews. But I also expect to write off this platform within a few weeks.
Return for April 2020 was €0
for more info on investments see my monethera journey section
Another one of my favorite platforms with an average yearly return of 11.9%. Withdrew €1.704
Return for April 2020 was €25,74, highest so far
for more info on investments see my peerberry journeys section
No new project this month.
Return for April 2020 was €2,86. Many project don’t have a monthly return schedule so the returns in this platform are lower on a monthly base.
for more info on investments see my reinvest24 journey section
Wisefund is also subject to criticism on Telegram. For now the platform is holding just not paying any interest (like Crowdestor, Grupeer and Monethera)
Return for April 2020 was €0 ,
for more info on investments see my wisefund journeys section