2020 week 43
€74 was added to my total return this week. Returns are still unstable. My total loss is now €882.
No deposits this week. Withdrew €1.000 from Mintos, return are still bad due to the funds in recovery.
The funds released are invested in gold and silver seekers. I expect a solid bull market in the precious metals sector in the coming years. Gold and silver companies that are not yet in production but are in the research phase have the most potential but at the same time the highest risk. That is why I spread my investments over as many seekers as possible. If 1 of the 10 seekers has a return of 1000% then the other 9 must already go bankrupt to make a negative return. In addition, I sell half of the shares at a profit of 100%, after which I am in the share risk-free.
Crowdrealestate completed 4 projects early. The project developer has refinanced the loans with a bank on more favorable terms. This is the reason that a sharp decrease in invested capital can be seen in the graphs. The released funds will be reinvested within Crowdrealestate in the near future.
Due to the COVID-19 situation I will release some funds within the P2P platforms in next couple of months. 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 €100 on a Estateguru project this week.
Highest return this week was Crowdrealestate by far due to the reasons described above.
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