Crowd-lending portfolio review for July 2020

Website changes

Again, I didn’t publish any portfolio report last month 🙁 However, I’ve updated several reviews to bring them up-to-date.

Noteworthy news from the crowdlending world

Two more platforms are likely to be added to the already long list of platforms gone rogue. Looking at the bright side, most likely scams are now confirmed, so we mostly have to deal with normal platform risk and borrower’s default risk.

Fast Invest

Fast Invest investors didn’t receive any repayment or withdrawal, and the platform isn’t replying to e-mails. On the other hand, they threaten bloggers and remove all related Telegram groups. It looks like we’re headed towards yet another lawsuit…

Viventor

In June, Viventor announced that it got acquired by a Dutch fintech. It’s a positive sign in terms of reliability, and the communication has improved greatly since this announcement.

Wisefund

In a way similar to Fast Invest, there’s been no repayment and the platform is silent.

Individual platforms performance​​

Apart from the unfortunately recurring troubles with unreliable Mintos and Viventor originators, the two last months have seen a slow return to normality.

Graphical overview

BitOfProperty

5.40%

My BitOfProperty is faring a bit better than Brickstarter, with returns reaching 5.40%.

Bondora

3.36%

After switching my Bondora portfolio to Go & Grow, I sold most of it and left basically only a token amount. My overall Bondora returns are 3.36%, which include both Portfolio Manager and Go & Grow; in longer term it should increase towards Go & Grow’s returns (currently 6.75%).

Bondster

10.07%

Once more, I received very little repayments on my Bondster account. Around 40% of my portfolio is delayed by more than 60 days ! As a result, the XIRR is 10.07% – a small increase from previous values, though, and above 10% -.

Brickstarter

2.06%

In July, I again received no income from Brickstarter as tourism in Spain was basically non-existent in June. The resulting XIRR is 2.06%, obviously one of the worst performers in my portfolio ! Given the Coronavirus situation, I unfortunately don’t expect much more from it.

BulkEstate

9.27%

One loan on my BulkEstate portfolio was repaid late, and I’m waiting for payment for another one. The XIRR currently stands at 9.27%. Apart from the pending payment, I expect most repayments later this year, at which point my performance should increase again.

CrowdEstate

5.87%

Although the performance of my CrowdEstate portfolio is slowly increasing, my portfolio still contains several late or defaulted loans. I’m of course to blame for investing too much in a single project (more than 10% in defaulted Lepa tee), but I don’t have much confidence left in the platform’s ability to select projects. As a result, I’m withdrawing most repayments and will allocate them to EstateGuru and BulkEstate. In long term, I plan to keep a smaller and more conservative CrowdEstate portfolio.

Crowdestor

12.88%

As many borrowers started repaying, the performance of my Crowdestor portfolio increased again to reach 12.88%. We’re far from the 15% level from before the crisis, though… and several capital repayments are delayed.

Debitum Network

9.72%

The performance of my small Debitum Network portfolio is hovering around 10% – 9.72% currently -. I view it as a low-risk, low-maintenance portfolio but for some reason ‘m reluctant to increase its size.

EstateGuru

7.45%

I added funds to this portfolio several times and will continue doing so. As a result, the current performance is lower than expected (7.45%), as I have some idle funds and also try to invest only in bullet projects.

Flender

8.29%

Although all my Flender loans were repaid on time, the XIRR is still rather low. It indeed stands at 8.29%.

Iuvo

10.90%

Interest rates at Iuvo are slightly down in 2020, and so are my returns. The XIRR reached 10.90%.

Lendermarket

12.85%

In term of repayments, the situation has much improved at Lendermarket. Around three quarters of my portfolio is current; with the current 14% interest rates, it brings great returns with a 12.85% XIRR. It should keep on increasing as older loans yielding 12% reach their maturity and are replaced by ones yielding 14%. I increased the size of this portfolio, and will do so again – it’s currently 2/3 of the target allocation -.

Mintos

12.96%

The performance for my Mintos portfolio has decreased below 13% – 12.96% exactly -. There are two reasons for this decreased performance. First, a small part of my portfolio (less than 5%) is in recovery; these loans are split equally between GetBucks, Capital Services and Monego. I also sold many loans from other risky originators on the secondary market for a discount, and reinvested in safer loans – which of course yield less-. My current weighted average interest rate is 11.55%, so my actual performance should stand somewhere around 11% in long term.

Moncera

7.79%

The performance for my recent Moncera portfolio is currently 7.79%. It’s performing according to my expectations.

Omaraha

19.13%

The platform now compensates 60% for defaults (as opposed to 55% during the Covid-19 crisis, and 60%-80% previously). I again had many extended loans in June, but the XIRR didn’t suffer too much. The performance currently stands at 19.13%. I still plan to decrease this portfolio by 10%, which should be done before October.

PeerBerry

11.47%

As PeerBerry‘s originators now focus only on the safest borrowers, the loans volume has decreased a lot and the interest rates are down. My XIRR is currently 11.47%, and I expect it to decrease slightly more. I plan to double this portfolio’s size as I greatly appreciated their handling of the Covid-19 crisis (and so did many investors).

ReInvest24

4.66%

I received interests payment for many projects at ReInvest24, which boosted my returns… until some capital got repaid and I had to pay 2% to re-invest it, resulting in another performance decrease. The XIRR currently stands at 4.66%, a low figure which should increase.

Robocash

12.17%

In a way similar to Swaper, the performance of my Robocash portfolio Robocash got a nice boost thanks to the 14% interest rate.

Swaper

12.22%

Thanks to the many loans yielding 14%, the performance of my Swaper portfolio increased to 12.22%.

TFGcrowd

18.28%

In spite of many suspicions regarding this platform, all expected repayments (including large chunks of capital) were made and I could withdraw all reimbursed sums. I’m keeping a token amount invested out of curiosity. The XIRR is still extremely high, at 18.28% (current invoice financing projects yield 24% annually !).

ViaInvest

9.56%

I still haven’t updated the review for ViaInvest. Returns hang around 10% (9.56% at the end of July); as most loans yield 12% but there’s withholding tax, I expect the returns to stay at this level.

Viventor

7.82%

My Viventor portfolio is performing very poorly; the XIRR keeps on decreasing and now stands at 7.82% (after reaching 14% last year !). This poor performance is mostly due to funds in transit.

Global portfolio performance

2.25%

After suffering large losses on scam platforms, the overall performance of my portfolio is slowly increasing again.

Current allocation

As usual, I kept on decreasing the size of my Omaraha portfolio. I also withdrew from TFGcrowd, as well as FinBee and Bondster. On the other hand, I grew my Lendermarket, Mintos and EstateGuru portfolios. I plan to at least triple the size of my EstateGuru portfolio (and double Mintos’ and PeerBerry’s), but will do so slowly.

New platforms

This time, the “new platform” is actually an old one.

Twino

Twino isn’t exactly a new account for me, as I’ve had an empty account there since I started investing in loans. However, I decided to fund it again in order to follow-up with the platform’s developments.

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