March 2020
Welcome to my monthly update.
As stock markets and precious metals stabilize this month, the effects of the COVID-19 pandemic on the P2P platforms are beginning to show.
Almost every platform has dedicated an email to the COVID-19 crisis and approaching the situation diffferently. A number of platforms seem to use the COVID-19 crisis as an excuse to disappear into the night.
Monethera and Grupeer are the subject of discussion on Telegram and for a large part not unjustified as there are strong indications of fraud, with at least a number of unlicensed loan originators for Grupeer.
Crowdestor has temporarily suspended the payments and Monethera is temporarily (in their terms) shut down the entire platform. And well Grupeer is probably also finite.
My P2P journey is slowly becoming a P2P expedition. I still have confidence in the concept (especially in times like this where the P2P concept can positively contribute to the survival of countless companies affected by the COVID-19 crisis). However, it is time for regulation of the market.
For me, P2P is an alternative form of investment in addition to my shares and precious metal wallet. Ultimately it is about what remains below the line. Obviously it is a pain to lose money through fraudulent practices, but at the same time this is also a learning experience (just like I have had to learn to deal with stock market losses).
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 March 2020 was €263. Total result is –€2.297
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 march 31, 2020
monthly
return
monthly
invested
total
invested
total
return
bulkestate
Invested in four new projects with an interest rate of 11-17%.
Return for March 2020 was only €2,07 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
crowdestate
One project finished and the interest was returned to my account . Made no investments this month. The number of loans with issues are stable at the moment.
Return for March 2020 was €18.67
for more info on investments and progress see my crowdestate journey section
crowdestor
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 March 2020 due to this Recovery Period was only €1,93.
for more info on investments and progress see my crowdestor journey section
crowdrealestate
Invested in one new project with an interest rate of 5%. Compared to other platforms, this is low, but on the other hand, they are projects with first or second mortgage rights within a (for now) solid real estate market in Germany and the Netherlands.
Return for March 2020 was stable at €16,87 .
for more info on investments and progress see my crowdrealestate journey section
estateguru
One project finished in March 2020 and received the invested amount plus interest. Invested in one new projects with an interest rates of 12% spread over three countries.
Return for March 2020 was €10,82. 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
evoestate
No investments this months, as no interesting projects were listed.
Return for March 2020 was stable at €7,56. 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
fastinvest
Return for March 2020 was €6.23 for the euro en polish złoty portfolio combined. The graphs are starting to see positive numbers again.
for more info on investments and progress see my fastinvest journey section
Exchange Rate EUR: Sun, 23 Mar.
grupeer
One of my favorite platforms might be a scam. For the moment all payments to investors of Grupeer are currently suspended (like Crowdestor), 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 March 2020 was €46,24. I withdrew €100 but the money has not been deposited to my bank account yet.
for more info on investments and progress see my grupeer journey section
housers
Four project finished in March. Invested in two new project with interest rates of 8-9%. After a finished project you will profit from 2% cashback when investing the same amount again. 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 March 2020 was €14,06 (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 March 2020 was €6,45
for more info on investments and progress see my lenderspender journey section
lenndy
Return for March 2020 was €1,13, lowest return ever.
for more info on investments see my lenndy journeys section
mintos
My favorite platform so far due to the number of loan originators, the extensive auto-invest features and the reasonable 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 my profits for 2019. €1.000 was deposited within a couple days.
Return for March 2020 was €106,01 for the euro and russian ruble portfolio combined.
for more info on investments see my mintos journey section
Exchange Rate EUR: Sun, 23 Mar.
monethera
Monethera announced a temporary complete cessation of the work of their platform. It is not looking good. it does not look 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 March 2020 was €16.34
for more info on investments see my monethera journey section
peerberry
Another one of my favorite platforms with an average yearly return of 11.3%
Return for March 2020 was €19,93
for more info on investments see my peerberry journeys section
reinvest24
One new project this month. I invested €98
Return for March 2020 was €2,82. 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
robocash
Withdrew €125 from Robocash. Money was deposited on my bank account within a couple of days.
Return for March 2020 was €9.12
for more info on investments see my robocash journey section
swaper
Still going steady with a rising average yearly return of 11.5% .
Return for March 2020 was a steady €12,05
for more info on investments see my swaper journeys section
wisefund
Wisefund was also subject to critisism on Telegram. For now the platform is holding and interset is added to my account (although that does not say everything as we have seen at Kuetzal and Envestio)
Return forMarch 2020 was €8,02 ,
for more info on investments see my wisefund journeys section
