I published an article that’s not directly related to peer-to-peer lending : Cyclo touring South-East Asia – One year on the road.
While cyclo-touring may not be for everyone, there are two key aspects I want to emphasize :
- Having a goal is a great way to motivate oneself to save more. As advertising more generally the societies we live in encourage us to always spend more and more money, having a purpose for your savings will help you to be stricter about your expenses.
- Passive income really works ! As you may have guessed, part of our travel expenses are paid by the crowdlending interests; however, most of it comes from the rental of our flat in a Parisian suburb.
Other than that, not much happened on the website, apart from minor updates to several reviews.
Individual platforms performance
Returns for October were very comparable to September’s. While the last month has been very though for stock-market investors, the peer-to-peer lending sector was much more quiet !
XIRR for my Omaraha portfolio was stable, at 19.68% compared to September’s 19.70%. My target allocation for this portfolio is around 20% of my overall P2P portfolio, so will I keep on decreasing its size.
Well, it didn’t take long for my Bondora‘s portfolio to have sub-10% returns. Maybe for Haloween I’ll dress as Bondora, in order to spook investors…
I’m trying a different approach and re-activated my portfolio manager instead of withdrawing all available money.
Grupeer‘s XIRR was stable in October, at 14.53% versus 14.48% last month. This portfolio reached its target size, so I won’t increase it anymore.
Returns at Mintos were also stable, at 13.12% compared to 13.08% previously.
After last month’s decrease, returns for Swaper increased slightly again. They reached 12.08%, up from 11.90’% in September.
Robocash‘s XIRR decreased a lot, from 12.92% to 12.42%. However, this is partially caused by the installment loans; interests for these will only be reimbursed at the maturity date.
Although I had to switch to a new offer yielding lower interest rates, my DoFinance portfolio is still doing well; the XIRR is stable, from 11.88% to 11.81%.
As most of my Investly funds are now invested, the XIRR stopped dropping. It increased from 7.76% to a still appalling 8.02%.
October was another great month for my Crowdestor portfolio; XIRR increased from 14.90% to 15.19%.
Once again, this doesn’t reflect the actual performance of the portfolio, as the interests get paid at the beginning of the month while I compute the returns at the end of the month.
XIRR for my Envestio portfolio was down, as its computation suffers the same glitches as Crowdestor’s. Its value for October was 14.43%, versus 14.88% in September.
I increased my portfolio size again, and will continue doing so; my target size is currently 12% of my P2P portfolio, but I may get more aggressive and push it to 20%. It will mostly depend on how much diversification I can get with their competitors.
On the other hand, I should be able to publish returns for my EstateGuru portfolio in November, as well as those for Iuvo.
Global portfolio performance
This value is the average of the XIRR for each company, weighted by its amount. It’s down again, from 15.81% to 15.61%; the main reason is once more the dramatic sub-performance of Bondora, and the fact that I moved funds out of Omaraha.
All displayed returns were computed using the method outlined in this article. Omaraha still produces the best returns, followed by Grupeer, Crowdestor and Envestio.
I once again greatly increased the size of my Envestio portfolio; in addition to this, I slightly grew my portfolios at BulkEstate, CrowdEstate and Crowdestor as all these platforms had interesting projects. It looks like Crowdestor has many projects coming, so I may increase its size much more.
I stopped withdrawing money from my Bondora portfolio, in order to see if it would improve its terrible performance. It’s too early to tell, but for now I’m not too optimistic !
Iuvo‘s review is not ready yet but I should publish it next month.