Crowd-lending portfolio review for February 2019

Website changes​​

I had very little time to work on the website in February, and even the Facebook page for Alternative Investments saw very few updates.

Noteworthy changes in the crowdlending world

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

Crowdestor

The platform has created a buyback fund in order to increase investors’ safety.

Kuetzal

My understanding of Kuetzal’s buyback guarantee was that investors could sell their investment back to the platform; however, one reader pointed out that it also meant that investors would get their money back if the borrower defaults. I got in touch with Kuetzal and they confirmed that for loans covered by the buyback guarantee, reimbursement will happen at most 60 days after a default. I updated the review accordingly.

Grupeer

Short-term loans (3 months) are now offered, albeit with reduced interest rates.

EstateGuru

For readers who consider investing in real-estate loans through EstateGuru, now may be the best time to do so ! Indeed, this platform has a nice surprise for Alternative Investments readers. They decided to reward two randomly selected new investors, who will receive €50 each after signing up and verifying their identity.

Here’s the fine print : they will give 50 EUR investment credits to two randomly selected winners for testing out the EstateGuru platform. The only condition to apply for the giveaway is to register an account at EstateGuru. The offer is valid only for new investors and the whole authentication process must be completed to be eligible.

This offer is valid for two weeks, that is until March 26th 2019.

Individual platforms performance​​

February was another stable month for most portfolios. The unfortunate exception is Bondora, where I lose money month after month.

Mintos

12.99%

My Mintos portfolio had a stable performance in February. XIRR was very slightly down at 12.99%, versus 13.08% in January.

Swaper

12.14%

Swaper‘s cash drag seems to continue; as a result, not all my funds are invested and my XIRR stays low. Its value was 12.14%, slightly up from January’s 12.08%.

Grupeer

14.49%

The performance for my Grupeer increased slightly; the XIRR reached 14.49%, compared to 14.37% last month. Last year’s cash drag seems well over and it’s easy to invest in loans yielding 14%; moreover, many loans with lower returns are also available.

Bondora

7.9%

XIRR for my Bondora portfolio finally dropped below 8%, reaching a terrible 7.9%; it’s a large drop compared to the previous month’s value of 8.41%.

Omaraha

19.93%

Unlike Bondora, my Omaraha portfolio still delivers excellent result. The XIRR is basically unchanged this month, at 19.93% versus 19.94% in January.

DoFinance

11.14%

As expected, the performance of my DoFinance portfolio keeps on decreasing, as the updated terms for new investments yield less than previously. The XIRR now stands at 11.14%, down from 11.24%.

Robocash

11.75%

XIRR for my Robocash has jumped nicely in February, probably because the interests for my first installment loans finally got reimbursed. The XIRR climbed from 11.41% to 11.75%, slightly below Swaper‘s 12.14%.

Investly

7.71%

Did my XIRR at Investly finally reach the bottom ? It’s stable at 7.71%, compared to January’s 7.73%

Finbee

12.89%

The XIRR for my Finbee portfolio has seriously increased two months in a row; it now stands at 12.89%, very nicely up from 12.39% last month.

Monestro

7.91%

With Bondora and Investly, Monestro is the third platform whose returns dropped below 8%. XIRR is now 7.91%, down from last month’s 8.03%.

Crowdestor

16.46%

Crowdestor‘s XIRR reached a record of 16.46%, up from 16.05%. This platform introduced many new projects, and one project was reimbursed. In addition, the newly introduced buyback fund makes their offer even more attractive.

Envestio

16.36%

Envestio is lagging very slightly behind Crowdestor in terms of XIRR. It reached 16.36%, also up from 16.06%. In February, the amount of new projects wasn’t as impressive as in the past months.

Iuvo

13.24%

My XIRR at Iuvo increased in February; it now stands at 13.24% (compared to 13.07% last month). It’s nice to see that the performance is stable !

EstateGuru

9.73%

Because some of my projects yield interest quarterly, my XIRR is kind of irregular. At the end of February, it was 9.73%, down from 10.09% in January.

Fast Invest

11.01%

Performance is slowly building up for my Fast Invest portfolio. After receiving my first interests, the XIRR reached 11.01% and should keep on climbing. I expect it to be above 14% next month.

Ekassa

7.7%

New portfolios take time to reach their optimal performance, and my Ekassa portfolio is no exception. Current value for XIRR is 7.7%, while the expected performance after 6 months is in the 9%-11% range.

Other platforms

As usual, I can’t compute a realistic XIRR for CrowdEstate and BulkEstate.

Performance for my Kuetzal portfolio in late February was too low to be considered realistic; however as I’m writing this in early March, many interests got paid and XIRR is now slightly below 15%. I expect the returns to be comparable to those at Envestio and Crowdestor

Global portfolio performance

15.37%

My global performance (which is the weighted average of individual XIRR for each platform) was stable; it was 15.37%, compared to 15.39% in January.

Peer-to-peer lending platforms

15.87%

Overall the returns for most platforms in this category are rather regular. Omaraha is obviously the best performer, and explains the relatively high global performance of my loans portfolio. On the other hand, the decreasing returns at Bondora (which weighs nearly as much as Grupeer) brings the overall returns down.

Business and real-estate crowdlending platforms

15.23%

While these figures don’t include CrowdEstate and BulkEstate, they give a realistic picture of the kind of returns investors can obtain by investing in these loans.

Current allocation

As usual, I withdrew money from Omaraha when I could. In February I chose to increase the size of my CrowdEstate and Crowdestor portfolios in priority, as well as my ReInvest24 and Kuetzal portfolios to a lesser extent.

New platforms

I didn’t open any new account in February. My list of reviews awaiting to be written is currently long enough : Finbee, ReInvest24, NeoFinance, PeerBerry and Debitum Network !

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.