Overview of the month
While little happened in the recent months, July was definitively different. Changes at Mintos, where the leading originator Mogo greatly decreased interest rates for new loans and bought back old loans were rather disruptive. Apart from a few loans from GetBucks, it’s currently hard to get more than 11.5% interest rate for secured loans.
On a positive side, it’s been an excellent month for my Envestio portfolio; I’ll probably upgrade my rating for this platform, and decrease Omaraha’s.
Robocash‘s XIRR basically didn’t move, from 12.96% last month to 12.97% in July. For those who missed the post on our Facebook page, there’s a new issuer providing longer-term loans (up to one year), with interest rates of 14.5%. You’ll have to change your auto-invest settings to invest in those loans. A secondary market was also introduced in order to accomodate this longer duration. Note that for this issuer’s loans, the interest will be paid in full at the end of the loan’s duration.
DoFinance‘s XIRR is slightly down, at 12.20% versus 12.30% last month. I finally updated my review in order to match their current offer, which unfortunately provides decreased returns for new investors.
Last month’s XIRR for Crowdestor was an excellent 14.68%. This month it’s down to 13.7%; the reason for this decrease is that one very speculative project was exited, and my new investment will only pay interests in August.
My Envestio portfolio is also very recent, but I can now publish my XIRR as projects pay interests monthly. It reached a promising 14.76%, which should actually increase as more interests start kicking in. I appreciate this platform more and more, and will grow my portfolio there aggressively in the coming months !
Aggregate portfolio XIRR
This value is the average of the XIRR for each company, weighted by its amount. It’s down from 16.59% to 16.37%.
Remember that values until October (included) were provided by the platform or crudely estimated; from November onwards they were computed using the method outlined in this article.
As usual, Omaraha is the leader; Grupeer and Envestio share the second position.
The main changes were the same as last month : I moved funds from Bondora and Omaraha to Grupeer. As noted above, I also slightly decreased the size of my Mintos portfolio, as well as Investly. Apart from testing new platforms, I’m still planning to greatly invest the share of real-estate and business crowdlending in my portfolio.
I just signed up to a new P2P platform which looks like a good complement to Mintos. I’m also investigating a new real-estate platform, and still have another P2P lending website to review. Stay tuned !