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Traveling in South East Asia while working on delivering value to investors
This month I have been to Ho Chi Minh in Vietnam to visit the Mintos loan originator, Cashwagon. I made an interview and got an office tour, so you can look forward to a very interesting article about that. They do thing quite differently in Southeast Asia. Right now I am located in Jakarta, the capital of Indonesia. Here I am transcribing the interviews and writing the articles from my travels in the Baltics this summer, and I also visited three other loan originators from at Mintos and DoFinance. It has been such a busy month here, but at least this month I got the interview with Crowdestate out on the blog. Monday I will fly to Bangkok in Thailand and continue the work from there.
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.
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 a loan provider, 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.
How did I rebalance and invest new funds during September?
During the month of September I did some rebalancing of the platforms. I took some of the money just sitting there waiting for good projects and also interest payments and returned principal. I then simply moved the money to other platforms that I already knew I wanted to make a bigger part of my portfolio. I also added 2675 euros to my portfolio.
Last month I added 2185 euros to Swaper and I now have more than 8% of my portfolio invested with them. I think that is sufficient and I will be adding to other platforms where I have a lower percentage the next months. I also added 1454 euros to Estateguru. 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 diversity very fast compared to most of the other Baltic real estate platforms. Some money came from deposits, some from cash drag on Debitum Network, and some from Fastinvest and also from Envestio.
I made 653 euros which is an increase of 26 euros from last month. It could have been more, but this month I added to my investments at Estateguru and there most of my investments have bullet payments, with means I will not be paid monthly interest payments during the projects, but only in the end when I also get the principal back.
I added to my investments on 5 different platforms. I also lowered the amount of money on 3 other platforms. Here is how I rebalanced and split up the funds on the 8 different platforms during the last month.
Envestio: -106,35 €
Which is the better product - Bondora Go & Grow or Mintos Invest & Access?
A few months ago, 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 November 2019. Mintos Invest & Access still has the lead in terms of earning as expected. However, 191.70 euros of the money invested in Mintos Invest & Access is not available for instant withdrawal. This is a decrease from the 193.42 euros 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 9.97 euros versus 7.30 with Bondora Go & Grow. During October the average interest rate on Mintos Invest & Access dropped ones again, this time from 10.22 to 9.80%. Interesting battle! I think that next month I will have enough data to make a few graphs about the development since the start of August. Stay tuned by signing up for the newsletter.
My crowdlending portfolio at the beginning of November 2019
So let us take a look at the stats for my portfolio at the time of writing this blog post. If you are reading this article later than November 2019, you can find my updated portfolio on the My Crowdlending Portfolio page.
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If you have friends who are interested in investing and earning passive income, feel free to share the knowledge of the opportunities by using the sharing buttons below. If you have any questions or comments to my investments or any of the platforms, please leave a comment below. I will be happy to help you and answer any questions you may have.