Weekly Update: 2020 week 13

weekly updates
The impact of covid-19 is visible on the weekly results and the number of e-mails I got this week around this subject.

2020 week 13

Welcome to my weekly update.

As of week 12 I ‘m including a weekly COVID-19 statistics section (see below). Comparing the number of infections, number of recovered and number of deaths, by country and date might give some perspective on how long this pandemic will last and, besides the terrible human suffering, what impact this will have on the economy, the financial system, the stock markets and eventually the P2P market.

P2P Results

€54 was added to my total return this week. This brings my total loss down to €2.329.

The impact of covid-19 is visible on the weekly results and the number of e-mails I got this week around this subject.

Monethera announced a temporary complete cessation of the work of their platform, this is bad news and gives little confidence in the future of the platform. I may also write off Monethera in the coming weeks.

Grupeer announced Legal measures to protect business and after that hell broke lose on Telegram.

Crowdestor announced a 3 months recovery period to give so relieve to the borrowers.

No deposits this week. I withdrew €100 from Grupeer. Due to the COVID-19 situation I will release some funds within the P2P platforms in next couple of weeks. This is the first major stress test for most platforms and underlying lenders and time will tell how they get through these tough times.

Invested €99,71 in a project on Bulkestate and €50 in a project on Estateguru, I’m trying to keep my cash drag as low as possible so I deposit ‘just-in-time’ and ‘just-enough’ to participate in projects I like while spreading my money over multiple project and over multiple platforms.

Highest returns this week for Mintos and Crowdestate

Check the charts below for my weekly progress, total income and total invested since the start of my p2p journey in January 2019

for more info and detail on investments see my p2p journeys section.
for a p2p newsfeed see my p2p news section.
for cashback deals on platforms I invested in see my p2p cashback section

updated march 29, 2020
weekly
return
54 €
weekly
invested
149 €
total
invested
47.845 €
total
return
-2.329 €

COVID-19 Update: 2020 week 13

Weekly COVID-19 update.

Comparing the number of infections, number of recovered and number of deaths, by country and date might give some perspective on how long this pandemic will last and besides the terrible human suffering what impact this will have on the economy, the financial system, the stock markets and eventually the P2P market.

There is a slight discrepancy between the World Health Organization map and the graph. This is due to the fact that the data does not run entirely in sync.

The numbers are sharply rising unfortunately. The number of infected persons in the USA has risen with almost a 100.000 new cases in a single week. Italy, China, Spain, Germany and France have the highest numbers after the USA.

World Health Organization COVID-19 World Map

chart of worl-wide covid-19 infections, deaths and recovered
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