Monthly ICO portfolio review

As I mentioned in this post, I started investing a small sum in crypto-currencies through ICOs (initial coin offerings) at the end of 2017. This portfolio is extremely small compared to my P2P lending portfolio.

From now on, I’ll report on the fluctuations of the tokens price on a monthly basis.

Portfolio structure

I invested an equal amount in the following ICOs :

  • Crypto20 (C20), a crypto index fund
  • Symmetry (SYMM), a fund invested in crypto-currencies and ICOs
  • Naga Coin, (NGC) a smart crypto-currency for gaming and trading
  • Signals (SGN), a platform aimed at providing crypto-trading strategies

Current tokens valuation

It may be hard to value a portfolio invested in ICOs. Currently neither SGN or SYMM have real value, as the ICO is not over yet.

The value of a C20 token is published at the project’s homepage; historical NAV can be found in the performance page. C20 token will also soon trade at HitBTC, a crypto-currency exchange. The NAV on December, 31st was $2.91.

CRYPTO20 - NAV Chart

NGC’s situation is even clearer as it already trades at HitBTC. As of December, 31st its closing price was $2.82.

NGC/USD chart at HitBTC

Total portfolio valuation

As I mentioned, I invested an equal amount in all four ICOs. Depending on the crypto-currency used to invest in ICOs, the transaction fees were different. In order to simplify comparison, I will disregard the transaction fees paid initially.

Also, as I bought the NGC tokens during the pre-sale, I got a nice 30% bonus on the price, meaning that I actually bought 30% more tokens for the same price.

In order to make comparisons easier, I gave an initial value of 1 for all tokens. The resulting growth is impressive : around 3 times for C20 ($1 to $2.91), and about 3.6 times for NGC, thanks to the bonus ($1 to $2.82 plus 30% equal $3.66 ). Including the two “idle” tokens, I doubled the value of my portfolio in one month.

ICOs portfolio valuation as of December 2017


Will this crazy growth continue ? I’m of course not sure. Overall I’m really confidentĀ  in C20’s value; NGC’s price variations remain to be seen. SYMM’s first dividend is supposed to be paid in April, so we’ll see how it turns out !

Future directions

I try to stay informed on current ICOs and trends in crypto space, as I find this topic interesting. However I don’t plan to grow my portfolio much, unless I found a very compelling ICO to invest in. Crypto20 is supposed to create new indexes later (for example for ICOs), so it may provide new investment opportunities.



P2P lending portfolio review for December 2017

First of all, I wish all readers of Alternative Investments a happy new year !

Overview of the month

The only change to my P2P lending portfolio allocation in December was a size increase for CrowdEstate and BulkEstate.

Returns for most sites are stable or higher than last month, with the notable exception of Bondora.

Current performance


I’m still using Omaraha’s “bonus” feature in order to invest all my funds. The forecasted cost of this feature is a bit more than one euro per month, so I consider it’s worth using it in order to prevent cash drags ! As I mentioned last month, all my new investments are in Estonia; I stopped investing in Slovakia and Finland due to the high default rate.

Computed XIRR is 20.96%, slightly down from last month’s 21.11%. Once again it’s an excellent return !


Bondora‘s performance is – again – rather concerning. XIRR for this portolio is 15.86%, much below last month’s 16.73%. I still didn’t decrease the portfolio’s size, as I’m waiting to see whether recovered amounts increase.


In December I invested in many loans offering an additional 1% cashback, which boosted the returns of loans offering an already nice 14% interest rate. As a result, the computed XIRR is a whooping 14.49%, nearly one more point than last month’s XIRR of 13.48%. I really appreciate Grupeer more and more, and if I ever decreased Bondora’s portfolio, I’d invest most funds in Grupeer.


I set my auto-invest profile to invest in loans with interest rates of at least 13.5%; there are many of them for long durations so liquidity isn’t a concern. I also got a small bonus for investing in long term loans in December. Compared to a few months ago, Mintos’s loans offer a greater interest rate, so the XIRR keeps on increasing : for December it was 12.54%, versus 12.35% last month.


The XIRR value is more or less in line with the expected value for loans offering a 12% interest rate. Last month’s value was 11.36% (after a long period of cash drag), and for December it has improved to 12.54%.

Last month’s XIRR was a very low 9%, partly because of the lack of loans to invest in. In December the loans volume has greatly improved, and the XIRR is now 10.59%. While it’s still very low – especially for a platform where you invest in loans with 14% interest rate -, I expect the XIRR to improve over time.

Other companies

Like the previous months, I don’t compute XIRR for several companies : Investly, Finbee, Monestro, CrowdEstate and BulkEstate.

Aggregate portfolio XIRR

This is simply the average of the XIRR for each company, weighted by the portfolio’s size. I didn’t compute it previously and was pleasantly surprised by the result : 17.99% ! The high weight of Omaraha explains this great result.

XIRR evolution

Values from October and earlier were estimated or taken from the statistics computed by the P2P company. After November, all values are manually computed.

P2P lending companies returns for December 2017

Current allocation

I only added funds to CrowdEstate and BulkEstate. Portfolios for other companies only grew with the received interests.

P2P lending companies allocations for December 2017

New platforms

I spent some time improving the current reviews in order to reflect platforms improvements : for example Mintos‘ “Loans issuers diversification” feature, or Omaraha‘s more friendly configuration of investments profile. Several reviews are still currently being written, but I must admit I’m not satisfied with them yet.

Maybe I’ll have a look at EstateGuru this month, as it seems like a great way to invest in real-estate, in spite of rather low interest rates.