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Living in Bangkok while working on delivering new articles for you!
During November I have been living most of the month in several locations in Bangkok and I also took a small vacation to the small island of Koh Tao, to enjoy the quiet island and beach life and do a bit of scuba diving at the famous Sail Rock dive spot. A wonderful friend was visiting and it was really great to have someone to share some of the travel experiences with. I also had the chance to meet up with a few fellow investors as they were located in the same town as I. Always great to be able to talk to other investors as very few of my long term friends are interested in investing. I am currently back in Copenhagen during December to catch up with friends and spend a little time with my family over Christmas.
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 three articles. An article about the Warhunt movie project from Crowdestor, as I went to a meeting with Crowdestor at the movie production company. I also wrote an article with the interview from my visit at the Bondora P2P platform in Tallinn including a video of the office tour, and finally an article with the interview from my visit at the Swaper P2P platform in Riga.
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 last month?
During the month of November 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 2458 euros to my portfolio.
Last month I moved 800 euros from Crowdestor and moved them to VIAINVEST as a step towards diversifying better over the platforms. I also put 1292 euros towards EstateGuru and 484 euros towards EvoEstate, as I would like more real estate in my portfolio. Finbee also got 217 euros as I am slowly gaining trust towards the platform.
I made 954 euros which is an increase of 301 euros from last month. This jump was mainly do to a bullet payment from Bulkestate, as one of my projects there matured. So I expect the earning to go down again next month. I have been going more into real estate lately, 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.
I added to my investments on 6 different platforms. I also lowered the amount of money on 1 other platform. Here is how I rebalanced and split up the funds on the 7 different platforms during the last month.
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 December 2019. Mintos Invest & Access still has the lead in terms of earning as expected. However, 173.85 euros of the money invested in Mintos Invest & Access is not available for instant withdrawal. This is a decrease from the 191.70 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 15.39 euros versus 10.04 with Bondora Go & Grow. During November the average interest rate on Mintos Invest & Access dropped ones again, this time from 9.80% to 9.58%. 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 December 2019, you can find my updated portfolio on the My Crowdlending Portfolio page.
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