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My crowdlending portfolio currently consist of 23 platforms.
Envestio, Crowdestor, VIAINVEST, Mintos, Peerberry, Grupeer, PropertyPartner, BulkEstate, Swaper, Estateguru, and Crowdestate are dominating.
I currently only have minor funds on NEO Finance, Evoestate, Fastinvest, Finbee, Debitum Network, Robo.cash, Iuvo Group, Bondora, Housers, Brickshare, Reinvest24, and DoFinance. These are platforms that I am currently testing, new platforms or just interesting platforms that I may put more money in later. I try to diversify both on loan type and loan provider but also on sector, country and platform. In the pie chart below, you can see my distributions on January 1st 2020.
My passive income from crowdlending from month to month in 2019
My monthly passive income is growing nice and steady. I made 840 euros during December, which is an decrease of 114 euros from last month, but still 187 euros higher than two months ago. These jumps in payout for November and December were mainly do to a bullet payment from Bulkestate in November, and a bullet payment from Crowdestor in December, as some of my real estate projects there matured. So I expect the earning to go down a bit again next month. I have been going more into real estate the past year, especially at Estateguru, and there most of my investments have bullet payments, which means I will not be paid monthly interest payments during the projects, but only in the end when I also get the principal back. So these bullit payments will become frequent in the future.
My portfolio growth during 2019 and where I am located at the moment
My portfolio is growing at a good rate. I still have some funds waiting to be invested over the next months. During the month of December, I have been in Denmark, visiting family, friends and fellow investors. I also attended the first meeting in a small group of people in Copenhagen, who all wants to know more about how to create passive income sources. We will have our second meeting tonight and I hope they are all up for the challenge tonight of creating one source of passive income before the next time we meet. I really hope this will turn into a returning event for all participants. It would be great to share the experiences and getting feedback on ideas. In about a week I will go to Brazil. More on that in the next update.
If you want to follow my travel adventures and get even more content you should consider following my Facebook page, Instagram or YouTube channel where I also publish videos from my platform visits in the Baltics and Southeast Asia.
During the month I released only a few articles. One was about Kuetzal and the troubles the platform is currently in. I wrote them off as a good investment platform a while back, compared to so many others they were not that interesting. I decided not to invest, but I had no clue that it could go so bad for them that fast. The other article was some short descriptions of the Stage 2 video presentations from the P2P conference.
You can already see which platforms I feel safe using, when you look at the split in my portfolio. After each platform visit I will write a post about what I learned and share the full interviews with you. However, it has been a really busy time in the Baltics and Southeast Asia so I am currently behind in transcribing a few interviews!
Over time you will see me enter new platforms and rebalance my portfolio and add more funds, as I built trust for the platforms. Visiting a platform or loan originator, meeting the people behind them and asking them financial questions really paints a great picture for me and helps me decide if I should invest with them or not. It also tells me how big a percentage of my portfolio I should allocate with them. Every month I get wiser and I share everything I learn with you. So don’t forget to sign up for the newsletter.
I have only shared the statistics from my portfolio from 2019 and not all the way back from when I started investing. I guess I am a lazy investor. I don’t want to look at the numbers all the time. But this year I started keeping track and counting up all the income from the different platforms.
The deposits to my crowdlending portfolio during 2019
Deposits can swing from month to month depending on my travel activities and expenses. As you can see, Christmas seems to be an expensive time of the year. Here you can see my deposits for the various months of 2019.
You may wonder how I am able to make these big deposits while traveling on a lean FIRE budget and not having a day job. The thing is, that I only share my crowdlending portfolio as this is what the blog is about. I am reinvesting all of my earnings from this. My crowdlending portfolio is only 9% of my full investment portfolio. I also have passive income in the form of dividends and rental income. I have 50% procent in real estate, 40% in stocks, and 1% in cash. Crowdlending is the only thing I actively work on at the moment. The rest is fully passive. The large deposits has been coming from savings and a bigger payout I got when I left my job in December 2018. I will be investing all of it into crowdlending. After that, the deposits will drop significantly. It will happen during next year. The money has been sitting on a savings account and was the main reason for me starting these company visits. I needed to know a lot more about the different platforms, before I felt save investing larger amounts with them.
Last month I moved 389 euros from Envestio, due to hardly any new projects. I moved them to Swaper and Finbee. I also put 1694 euros towards EstateGuru, as I would like more real estate in my portfolio. I want EstateGuru to be around 9% of my portfolio in the near future. I am feeling really good about Estateguru and started investing more with them every month after I visited them and did an interview. They have a lot of projects so you can diversify very fast compared to most of the other Baltic real estate platforms. I also like that the minimum investment is only 50 euros, compared to many other platforms where the minimum is 100 euros.
Which is the better product - Bondora Go & Grow or Mintos Invest & Access?
In the start of June 2019, during the P2P conference in Riga, I published an article about the new Mintos Invest & Access product. This is in some ways similar to the Bondora Go & Grow product. I wanted to transfer money back into Bondora Go & Grow. When I visited the Bondora office in Tallinn, they told me that 1/3 of their investor portfolio is in Go & Grow. This paints a clear picture that this type of product is really popular with investors and has great potential. Bondora has been in operation since 2007, but the Bondora Go & Grow product is fairly new. Both Bondora Go & Grow and Mintos Invest & Access promise that the investor can sell their investments and get the money out right away. With Bondora Go & Grow you can get all the money out no matter the status of the loans you are invested in, but offers a lower interest rate than Mintos Invest & Access. On the other hand, with Mintos Invest & Access investors can only get the money out that are currently not late. Some loan providers at Mintos also does not offer interest payments on late loans. So it is not quite clear which product is the best.
I therefore decided to transfer 500 euros to each platform at the 1st of August 2019. I invested the money at the same time and I will not deposit any more money to the two portfolios. Every month I will then do a status of the progress and earnings, to share with you which portfolio is currently ahead. This will be interesting!
Below you can see the results for both portfolios by the 1st of January 2019. Mintos Invest & Access still has the lead in terms of earning as expected. However, 234,62 euros of the money invested in Mintos Invest & Access is not available for instant withdrawal. This is an increase of 60,77 euros since last month. So this month Bondora Go & Grow is ahead in terms of liquidity and Mintos Invest & Access is ahead in terms of returns with 19.03 euros versus 12.88 with Bondora Go & Grow. During December the average interest rate on Mintos Invest & Access dropped ones again, this time from 9.58% to 9.55%. Interesting battle! Stay tuned by signing up for the newsletter.
Get started on building your own crowdlending portfolio today!
If you would like to get started building your own crowdlending portfolio I am currently gathering as much knowledge about the top platforms and I will share everything I learn here on the blog to inspire you. I am not an investment advisor and the risk you take is yours and yours alone. I am just sharing my own experiances investing in crowdlending and hope my learnings can give you some insights if you want to get started or expand your current portfolio. Here are some of my favorite platforms and the information I have gathered so far. More to come! All the below platforms are free to sign up to and free to use. If you want to know some more about crowdlending you can view the videos and the panel discussions I shared from the first pure P2P conference in Riga, in the start of June 2019.
Transfer and exchange money for investing for free with Revolut!
I do almost all of my crowdlending investments in the currencies EUR or GBP. As my main bank account is located in Denmark, the money on my account is in DKK. So whenever I want to invest I have to first exchange to another currency and then transfer the money to my investment account abroad. If I use my netbank for this I will pay a fee each time, both for the currency exchange and the transfer. The first time I transfered money I did it using my netbank. Then I found out about a wonderful free product you can use to do both. Completely for free! The product is called Revolut and you can order it for free right here. Then you can invest the money you save in crowdlending instead!
Grupeer is a great platform with very competent people behind. They mix real estate projects with business loans.
>> Sign up on the Grupeer platform for free.
>> See my platform walkthrough and get help to sign up for their free service.
>> Read or listen to my extensive interview with Grupeer.
>> See me picking up trash from the canals in Copenhagen with Grupeer.
BulkEstate is a platform that focuses on real estate in Riga and Jurmala, an area by the beautiful beach 11 kilometers north of Riga. They are experts in these areas. They only have a few investments objects per month but I think they are very competent.
>> Sign up on the BulkEstate platform for free.
>> Read or listen to my extensive interview with BulkEstate.
>> See the videos I made on site at some of the Bulkestate real estate projects.
I have to say I am pretty impressed with VIAINVEST. The group has been in business for 10 years, the longest track record of any of the platforms I have visited so far. There portfolio and business model has proven to be stable even during a financial crisis. So they “only” have a return of 11% per year but let us be honest, that is actually a pretty good return. The loans you invest in are also short term, so you can free your money and withdraw them in about a month if you need them.
I made an agreement with VIAINVEST, that you will get a 10 euro bonus if you invest at least 50 euros on their platform. But I recommend that you first read the VIAINVEST interview I made on the blog, to see if VIAINVEST is an investment platform that fits you.
>> Sign up on the VIAINVEST platform for free and get the 10 euro bonus.
>> Read my interview with VIAINVEST Platform Lead, Simona, when I visited the office in Riga.
Mintos is one of the most well known and popular crowdlending platforms in the Baltics. I went to visit their office prior to the P2P conference in the start of June 2019 in Riga. This is a platform that most crowdlending investors have in their portfolio. I see them as very professional. It is a big company and you have the possibility to diversify a lot, just on this single platform.
>> Sign up on the Mintos platform for free.
>> See my platform walkthrough and get help to sign up for their free service.
As you can see from the pie chart in my portfolio, I really like Crowdestor. After visiting them several times, both at their office in Riga and also going out with them while they were inspecting potential investment objects, I have absolutely no reservations investing in their projects. They are serious about their investors and projects and very knowledgeable and competent. Their projects have high interest rates and sometimes they have some more exotic projects that you will not find on other platforms. Investment objects with an interesting story. I will soon publish an article about my interview and visits with Crowdestor.
>> Sign up on the Crowdestor platform for free.
>> See the previous projects from Crowdestor.
>> See the videos I made on site at some of the Crowdestor projects.
Peerberry is a platform I have used for a while. They have short term direct to consumer loans and instalments. That means that you can liquify your invested funds within a month. They also have buyback on all their investments. I have a meeting set up with them at their office in Vilnius next week, so I will soon publish a blog article with my extensive interview with the platform.
>> Sign up on the Peerberry platform for free.
>> Read my interview with the Peerberry CEO and see pictures from my visit at Peerberry in Vilnius.
Robo.cash I have used for a while, but at the beginning I did not put a lot of funds as they did not have enough loans. That problem seems to be solved and I recently invested more with them. They have short term direct to consumer loans and have buyback on all their investments. I have a meeting set up with them at their office in Riga in a few days, so I will soon publish a blog article with my extensive interview with the platform.
>> Sign up on the Robo.cash platform for free.
Property Partner is a UK P2P platform, based in London. They focus only on real estate in the United Kingdom. This is not a platform that offers big monthly payouts like the platforms in the Baltics. They usually pay out 2 to 6% depending on the property. But it has a lot of potential for great earnings, but it all depends on the UK real estate market. The way it works is that the platform buys properties, rent them out and then make a company connected to it. They put in an administrator who takes care of everything. You can then buy shares in the company and you will each month receive rent payments in the form of dividends. The share price is normally under 1 GBP, so you can get a really diversified real estate portfolio for very little money. The great thing is, that you can always sell you shares on the secondary market and if the property value has gone up, the value of your shares will go up as well. If you want to get into true real estate investing and not just development and renovation projects, this is actually a really interesting platform! Their functionality and secondary market are very detailed and there are a lot of properties to choose from. You can easily start investing in real estate with very little funds.
>> Sign up on the Property Partner platform for free.
Leave a comment or a question below - Let me know what you think!
If you have any questions or comments, please leave them below and I will get back to you with an answer. Do you already invest in crowdlending? On what platform? If you have not started yet but would like to, what concerns do you have and what information are you missing in order to get started? Use the share buttons below, if you want to share the knowledge.