P2P lending portfolio review for July, 2017

Month overview

Unlike my Collective2 portfolio, my P2P lending portfolio’s life was rather uneventful this month (and I don’t complain about it ūüôā ).

I added some more funds to Omaraha and I’m nearly reaching my target portfolio size. I still have to decrease¬†ViaInvest size, but I’m waiting for the principal to be reimbursed.

Current performance

Omaraha

XIRR at the end of July was 27.6%. Details by country are : Estonia 27.5%, Slovakia 30.7%, Finland 34.9% (very new and small).

I’m starting to see more defaults, but currently their rate (0.7%) mirrors the overall default rate for comparable loans.

I’m still planning to increase my portfolio size a bit, although I have troubles investing it all with a relatively small loan size (20‚ā¨). I also probably should spend some time studying my statistics by country more closely (XIRR versus default rate) in order to have a better allocation between Estonia and Slovakia. Unfortunately Omaraha doesn’t provide the statistics as CSV files, so it will be a painful task !

Bondora

XIRR for Bondora‘s portolio was 18.07%. I invested a lot in poorly-rated loans with high interest and of course many defaulted, so I’m curious to see what the recovery rates will be like.

I may start playing with the “Portfolio pro” feature in order to increase my returns.

Grupeer

Grupeer doesn’t provide a XIRR computation but all my loans offer 13% or 14% interest rates.

Mintos

XIRR for Mintos was 12.18% for secured loans in Euro and 16.76% for Lari (Georgia). Unfortunately for now, the poor exchange rate totally negates this XIRR difference.

Swaper

XIRR of my Swaper portfolio was 11.84%. I’d love to increase my portfolio size a bit, but until recently this P2P lending site had troubles investing the whole amount, so I’m not totally sure about this.

ViaInvest

XIRR reached 12.74%, which is surprisingly high. However, it looks like all new loans only offer a 10% interest rate. I may thus decrease my portfolio size even more and split this money between Grupeer and Swaper.

Twino

XIRR is 10.23%; I’m in the process of moving all my funds out of Twino¬†as the low returns doesn’t justify keeping an account there.

Current allocation

I’m probably over-invested in Omaraha, but paradoxically I’m still planning to increase its portfolio size a bit.

Once I reach my target size, my Grupeer portfolio should be my next target for growth.

Current allocation between P2P lending websites

New platforms

I’m always looking for new opportunities to diversify my portfolio.

After some due diligence, I may invest a starting amount in Monestro. Loans volume is low and the usability is, let’s say, perfectible, but it seems promising.

 

 

 

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