P2P lending portfolio review for January 2018

Overview of the month

The first month of 2018 looked suspiciously like the last month of 2017 ! I once again added money to CrowdEstate and BulkEstate. Returns were overall equivalent to last month, the exception being once again Bondora.

Current performance

Omaraha

Omaraha is currently suffering from a large cash drag. It’s very hard to have money invested, and I actually increased the amount of “bonus” I give back to the side in order to have a higher priority. In spite of this, there’s more and more idle cash on my account.

Computed XIRR is 20.86%, which is roughly the same as last month’s 20.96%. It’s still by far the best performing part of my portfolio.

Bondora

Once again, Bondora’s returns decreased. They stand at 15.14%, well below the value for last month, which was 15.86%. The recovery isn’t improving, in spite of reassuring communication from Bondora. Like many Bondora investors, I’m tempted to cut down the size of my portfolio, but I’m afraid it will lower results even further…

Grupeer

Month after month, Grupeer delivers very consistent returns. The 1% cashback offer allowed me to boost my returns again; this portfolio’s XIRR was 14.63% for January, slightly higher than December’s 14.49%.

Mintos

Just like Grupeer, Mintos performs extremely well. The XIRR was slightly up, at 12.63% versus 12.54% for the previous month. There are several campaigns that allow you to get cashback; you currently can get as much as 5% cashback when investing in Mogo’s long-term loans ! These offers are a great way to increase your returns.

Swaper

The XIRR is currently 11.83%, which is okay for loans offering a 12% interest rate. It increased greatly from last month’s 11.66%; it looks like the cash drag is over for now, as returns have been increasing for several months in a row.

Robo.cash

Robo.cash is another site that suffered from a long cash drag several months ago. Just like Swaper, they now seem to have enough loans available for everyone to invest in, and the returns are in an uptrend. December’s XIRR was 10.59%, and it increased to 11.19% in January. While still not an optimal value – the loans are supposed to yield 14% -, it’s a great improvement from the past values.

Other companies

Once again, I don’t compute XIRR for several companies : Investly, Finbee, Monestro, CrowdEstate and BulkEstate. I keep on adding money to the two latter companies, as they have very interesting offers coming in regularly.

Aggregate portfolio XIRR

I compute this value by taking the average of the XIRR for each portfolio, weighted by the portfolio’s size. The value for January was very similar to last month : 17.95% versus 17.99% for December. Overall it’s still an excellent value… I can only wish Bondora would stop bringing it down 🙁

XIRR evolution

Value from December onwards were all computed by myself, leading to more precise value and easier comparison. There’s little change between January’s results and the previous month.

P2P Lending companies returns

Current allocation

I once again added funds to CrowdEstate and BulkEstate. The evolution of the other portfolios’ relative size is due to the received interests.

P2P lending companies allocations for Jaunary 2018

New platforms

I had a look at EstateGuru, but current returns seem much lower than CrowEstate of BulkEstate. I’m currently performing some due diligence on Crowdestor, which seems like a worthy competitor for these two websites; however the investors base seems to be very small.

 

 

 

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