Crowd-lending portfolio review for December 2019

Website changes

Well, it looks live I’ve been very naughty : there still hasn’t been any new platform review in December.

On one hand, I’m very enthusiastic about several platforms I recently discovered (Lendermarket and Brickstarter for example), but I’m waiting until I have a good grasp of their inner workings and some actual performance to show. On the other hand, for some reason, I’m struggling with the reviews of Debitum Network and ReInvest24, although I really appreciate the latter.

However, I didn’t stay totally idle in December, as I started a large update to my article on XIRR computation. I plan to share my complete performance tracking worksheet, explaining it step-by-step.

Noteworthy news from the crowdlending world

In case you missed them, here’s a summary of the important news you should be aware of.

Kuetzal

Kuetzal got a lot of negative coverage in December; the latest piece was an article on Financially Free, which lists many concerns about Kuetzal. In consequence, I updated my review and decreased its rating. What concerns me the most is the lack of communication of the platform, and the controversy about the real identity of its owners.

As all repayments were made on time (the principal for my oldest loan actually just got reimbursed), I didn’t withdraw any money or use the buyback guarantee to get out of loans. I will nonetheless be very cautious about increasing my portfolio’s size until the platform provides clear answers to the questions raised recently.

Special offers

Here’s a list of interesting special offers currently available; unfortunately, they all target new investors.

Brickstarter

Investors interested in Brickstarter can use promo code: BRICKS during registration. Each investor who uses that code during registration will get 15 EUR extra for investing and 0.5% cashback from investment during 90 days.

Individual platforms performance​​

As I previously announced, I don’t detail variations for every platform anymore. Only notable variations or noteworthy changes on the platform are commented.

Graphical overview

BoldYield

0.00%

BoldYield‘s main drawback is that the two projects already published don’t yield interests monthly. As a result, the performance will stay low for a long time, in a way similar to CrowdEstate or BulkEstate. However, an upcoming project (in the maritime transportation sector) will yield interests in a monthly fashion.

Bondora

4.18%

December was once more a terrible month for my Bondora portfolio. It lost around 0.8% of its value, leading to a large performance decrease. Indeed, the XIRR dropped from 4.57% to 4.18%.

Bondster

10.00%

After many months, the performance of my Bondster portfolio finally reached 10%. It’s still below its theoretical value (around 13%) so I expect the XIRR to keep on increasing.

Brickstarter

2.40%

I invested in several projects at Brickstarter, and most of them are now paying dividends. The resulting XIRR is now 2.40%; I increased this portfolio’s size in December, and plan to invest in upcoming projects as well.

BulkEstate

7.29%

The performance of my BulkEstate portfolio keeps on improving; in December, it increased from 6.99% to 7.29%. The platform has released interesting projects in December, so I increased the size of this portfolio.

CrowdEstate

5.96%

My CrowdEstate portfolio suffers from missed repayments on several projects; in spite of this, the XIRR is globally stable, at 5.96%.

Crowdestor

15.34%

December was another down month for my Crowdestor performance, due to projects which pay interests after 6 months. The XIRR decreased from 15.50% to 15.34%. Once again, I greatly increased the size of this portfolio, and will do so again in January as many great projects are expected !

Debitum Network

10.50%

In December, my Debitum Network portfolio finally reached its target performance. Indeed, it jumped greatly from 9.79% to 10.50%. I expected to publish the review in December but miserably failed.

Envestio

17.47%

In December, the performance of my Envestio portfolio was absolutely stable, at 17.47%. Several new projects were published last month, so all my funds are currently invested with a reasonable degree of diversification.

EstateGuru

9.12%

As several projects in my EstateGuru portfolio yield interests quarterly, the performance is cyclical. Right now it stands at 9.12%, down from 9.29%. I increased the size of this portfolio in December in order to enhance my overall diversification.

Fast Invest

12.57%

Overall, the performance for my Fast Invest portfolio was stable in December, at 12.57% (versus 12.47% last month). I added a small sum again.

FinBee

10.82%

The performance of my FinBee portfolio decreased sharply in December; it was 10.82%, compared to 11.12% in November. I withdrew some money again, as mentioned in the previous portfolio reviews.

Iuvo

12.28%

The performance for my Iuvo portfolio was down in December; it decreased from 12.51% to 12.28%

Kuetzal

17.07%

In spite of the recent controversies, all my Kuetzal investments pay interests on time. One of them also reimbursed the principal at maturity date – this lead to a buggy account value, which hasn’t been corrected yet -. Performance-wise, it was a very stable month, as the XIRR moved from 17.12% to 17.07%.

Lenndy

6.40%

The performance of my Lenndy is building up. In December, it jumped sharply, from 4.14% to 6.40%.

Monethera

18.87%

The performance of my Monethera portfolio was slightly down; the XIRR was 18.87% in late December, compared to 18.99% in November.

ReInvest24

3.17%

One more ReInvest24 project paid dividends in December, which lead to a nice jump in performance. However, I re-invested in another project which was published shortly after that; the 2% incurred fee ate a slight part of the profits. As a result, my XIRR now stands as 3.17% (compared to 1.58% in November). I plan to keep on investing in new projects published by this platform.

Robocash

12.02%

My XIRR at Robocash was stable in December, as it moved slightly from 12.09% to 12.02%. The number of loan originators on the platform decreased again, which seems to affect the loans supply. As a result, around 10% of my portfolio is currently not invested.

Swaper

12.04%

The performance of my Swaper portfolio was overall stable. It looks like the platform has finally solved their cash drag problems, which is good news for investors !

TFGcrowd

16.65%

In December, the trend of my TFGcrowd performance kept going up, as the XIRR increased from 16.28% to 16.65%. I increased my portfolio size greatly, as I really appreciate this platform and interesting new projects were introduced.

ViaInvest

9.21%

My ViaInvest portfolio is slowly heading towards its theoretical performance; the XIRR went up in December, moving from 8.26% to 9.21%

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Viventor

11.28%

The behavior of my Viventor portfolio is a bit weird. In October, the performance was much higher than expected; on the other hand, in December, it decreased greatly, from 13.00% to 11.28%. Part of this decreased performance is probably explained by the increase of the portfolio size.

Wisefund

19.85%

There was no new project at Wisefund for most of December, as the platform was migrating to a new provider for transfers processing. One project was repaid ahead of time, so I now have idle funds until new projects are published. In terms of performance, it was again an excellent month; the XIRR increased even further, from 18.96% to 19.85%.

Global portfolio performance

13.56%

At the end of December 2019, my global portfolio performance was 13.56%, slightly down from November’s 13.70%. The main reason for this decrease is as usual Bondora’s decreasing returns.

Peer-to-peer lending platforms

13.36%

The combination of Bondora‘s decreasing performance and of the lower size of my Omaraha account mechanically decrease the returns for this category. I still plan to decrease the size of my Omaraha portfolio by 1/4 in order for it to reach 15% of my global portfolio, so the returns should keep on decreasing.

Real-estate & business crowdlending platforms

13.74%

The performance for this category also decreased slightly from 13.85% to 13.74%.

Current allocation

In term of allocation changes, December looked a lot like November. As usual, I took money out of Omaraha; I mostly allocated it to Crowdestor, BulkEstate, TFGcrowd and Wisefund.

New platforms

In December, I opened and funded one new account at BitOfProperty. I’m also still trying to solve my troubles at IBAN (I sent documents which need to be validated).

BitOfProperty

BitOfProperty works similarly to ReInvest24 and Brickstarter, meaning investors can buy a piece of property; they make money from rental (usually monthly) and increase of property value. Expected returns are lower than for their competitors, around 8% – 9%. For now, the website’s ergonomics are very poor and investing is far from being easy; however, I’ve been in touch with the platform and they are well aware of these shortcomings and working on them.

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