2020 week 3
Welcome to my weekly update .
109,16 € was added to my total return this week.
I deposited a total of 450 €. I’m trying to keep my cash drag as low as possible so I deposit ‘just-in-time’ and ‘just-enough’
The withdrawal from Envestio was deposited on my bank account within a couple of days. Envestio sent an e-mail addressing the current panic on the Baltic crowdfunding market and by returning its former COO Evgeniy Kukin back on his position (see here). I decided to deposit the money back to Envestio again as they published a couple of new projects this week. .
Regarding RoboCash I withdrew 1.500 € this week as cash drag keeps piling up since they left the Philippines loan market late December. I will use the money to top-up my PeerBerry account.
Invested a total of 275 € in three project. I like spreading my money over multiple projects and over multiple platforms to reduce the risk.
Also an e-mail from Bulkestate this week regarding their cancellation of Martas Street due to allegedly fraudulent documents (see here). They handled the situation well and all money was returned. The current Kuetzal situation has made the investors and platforms more aware and the due diligence tightened up. I hope the Kuetzal incident will lead to a more mature p2p lending market.
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 on investments see my p2p journeys section