After a lot of thinking and research over the past few weeks and the holidays, as well as everything that happened since December with Kuetzal, I made a decision. I’m withdrawing my money from Envestio, Monethera and Wisefund.

I want to explain my thought process, what I found out during my research of the three P2P platforms, exactly how I’m going to proceed on each of them and how we got here in the first place.

You might still come to different conclusions in the end. Of course, a lot of this is based on my own opinion and risk tolerance. Nonetheless, you’ll find everything that made me reconsider in this post.

Updated (January 26th)! Please read my update #1 and #2 on Envestio, including my latest video!

Important Update: Make sure you read my recent update on Monethera and why I decided to leave both in January.

I recently made two new additions to my P2P portfolio, Monethera and Wisefund. I was intrigued by the high interest rates of up to 21% per year, combined with the buyback guarantee.

However, since both Monethera and Wisefund are still very young, I decided to only invest 500€ into each for now. Before I consider increasing my investments there, I would first like to see if interest as well as principal payments arrive on time.

In this short post, I’m going to share my early impressions and my experience so far.

Please make sure you also read my January 2020 update at the end of the post.