P2P lending portfolio review for October 2017

Overview of the past 2 months

So, first, I have to apologize for the lack of posts. I had time to write new reviews (for Investly and CrowdEstate), but I’ve been lagging behind on portfolio reviews and other topics. This is due to a large change in my personal life, which took a long time to prepare… More on this soon !

I moved quite a lot of funds around, mostly withdrawing them from ViaInvest and Twino. I used most of them to create new portfolios on Investly and Finbee.

Current performance

Omaraha

12 months XIRR is currently 25.8%, which while being excellent is one percent lower than 2 months ago (26.8%). This is mostly due to many defaults in my Slovakian portfolio : they reached a very high level of 5.5%, while this rate is only 0.7% in Estonia ! As a result I stopped investing in this Slovakia in order to focus on Estonia. I may even decrease my Omaraha portfolio size a bit, as there is always a little bit of idle funds there. My portfolio size at Omaraha is around 57% of my total P2P assets; this percent decreased because I added more funds in other websites.

Bondora

XIRR for Bondora‘s portolio was 17.61%, down from 18.18%. I still didn’t test the “portfolio pro” feature but I really should do so in an attempt to boost my returns ! Bondora accounts for 18% of my overall portfolio, and I don’t plan to grow it.

Grupeer

All my recent investments there have been in loans offering a 14% interest rate, sometimes even 15% for loans from Russia. My XIRR should thus now exceed 14%. I increased my portfolio size there and may add even more funds later. Currently a bit more than 7% of my funds are invested at Grupeer.

Mintos

XIRR for Mintos was 12.19% for secured loans in Euro, stable from 2 months ago. I closed my GEL (Georgia Lari) portfolio; it was performing very well (16.75% interest rate) but the exchange rate variations cancelled most of these gains. I reinvested this amount in secured Euro loans, which now offer nearly 14% for long durations; that’s a great offer !

Swaper

XIRR of my Swaper portfolio was a bit higher than previously, at 12.06% against 11.77%. This is due to more loans being available, greatly reducing idle funds. It’s nice to see that Swaper finally has a large loans volume available !

ViaInvest

I closed out this portfolio. This was a bit painful to do as I had to trigger a manual buyback for each delayed loan !

Twino

Another portfolio reduced to zero. Many investor seem to be leaving this platform (see for example Kristi’s post) which is a bit concerning for their future.

Robo.cash

They don’t display an XIRR. My funds are invested in 14% loans, which is great, however there are often around 10-15% idle funds.

Other companies

My Monestro portfolio is still too young for me to publish returns, as are my Investly portfolio and my very new FinBee portfolio. Regarding real estate crowdfunding (CrowdEstate and BulkEstate), they’re long-term investments that will only pay interests once the project is completed, so I won’t post any performance results until next year at best !

XIRR evolution

P2P platforms returns for October 2017

Current allocation

The disappearance of Twino and ViaInvest is compensated by the creation of new portfolios. Overall the largest allocations (Omaraha and Bondora) decreased in percent, as I grew several smaller accounts (mostly Grupeer and Robo.Cash).

P2P allocation for October 2017

New platforms

As I mentioned, I opened accounts with Investly and Finbee. Reviewing Finbee will take a while as the platform is very rich. Luckily this doesn’t seem to come with a large complexity.

I actually have great expectations for FinBee; if this platform performs well I may move some funds from Omaraha there, in order to enhance my P2p portfolio diversification.

 

 

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