Welcome to my P2P lending income update for the month of August 2019! As usual, I’ll give you a detailed look at my peer to peer investments and returns for last month. 

While August has been a beautiful month for the most part, I want to be fully transparent with you also when things don’t go as planned…

An expensive lesson

In the beginning of the year I started experimenting with Automated Forex Trading. For the first time in my life, I let myself be influenced by a friend who’s opinion I generally trust and invested into something I didn’t fully understand and had pretty much no control over.

Well, long story short – things didn’t go as planned. Ultimately, in August I decided to pull the plug and exited the investment at a considerable loss (-56%!).

While that hurt quite a bit, I’m not going to lose too much sleep over it and am actually happy that it’s over. I already categorized my mistake as a learning experience and will do my best to grow from it personally and professionally. Also, it could have gone way worse.

On the upside, that meant that I was able to allocate more funds into P2P lending and ETFs last month!

P2P Lending Income – August 2019 Overview

Platform Income IRR Invested Value
Envestio 66,03€ 22,56% 3.520€ 4.252€
Iuvo Group 33,24€ 15,39% 2.850€ 3.311€
Mintos 77,38€ 12,57% 7.505€ 7.895€
Mintos I&A 10,52€ 9,19% 1.000€ 1.020€
Bondora G&G 5,61€ 6,60% 900€ 1.015€
Grupeer 24,72€ 14,01% 2.500€ 2.662€
Crowdestor 17,13€ 12,87% 2.750€ 2.810€
Monethera 11,76€ 69,95%* 500€ 512€
Wisefund 4,29€ 32,77%* 500€ 504€
Total 250,68€ 15,40% 22.025€ 23.979€

*recently added, including bonus payments

Taking a closer look at my P2P returns

P2P Lending Income August 2019

My monthly income from my investments in P2P lending is still on the rise and reached 250,68€ (+23,77€) for the first time! As a result, that means I reached 16,7% (+1,57%) of my first goal, which is 1.500€ monthly passive income from investments.

Thanks to the money I got back from my ‘mistake’, I was able to invest a total of 4.750€ into several P2P platforms over the course of August.

Apart from P2P lending, I also received some dividends from my MSCI Emerging Markets ETF and purchased some more Vanguard FTSE All-World ETF shares for 1.985€ on August 15th.

Vanguard FTSE All-World ETF

It seems like I caught last month’s low pretty well, as I’m already up 6% on the position. Either way, I consider ETFs to be another long-term investment, so I don’t care much about the ups and downs we will inevitably see. 

Envestio

Envestio Returns August 2019

I earned 66,03€ (+2,58€) in interest on Envestio last month. 3 projects were published in August and I was able to re-invest the interest and principal payments I received. 

Envestio August 2019

The AutoInvest, which Envestio published recently, is doing its job pretty well so far. Hopefully they’ll be able to increase the number of available projects in the future.

Iuvo Group

Iuvo Group Returns August 2019
Note: Oct 8 shows the 90€ refer-a-friend bonus

Iuvo Group generated 33,24€ (-1,22€) in interest last month and reliably reinvested my interest and principal payments right away.

I like how little time I need to spend on the platform, everything runs smoothly and so far, I never needed to adjust my AutoInvest settings to be fully invested into buyback loans with 13-15% interest per year.

Iuvo Group August 2019

Mintos

Mintos Returns August 2019

My income from Mintos is still on the way up! I received 77,38€ (+5,9€) in interest payments in August. My internal rate of return (IRR) on Mintos increased to 12,57% (+0,19%).

Mintos Deposits August 2019

I added 2.000€ to my Mintos account on August 11th, increasing my total investment on the platform to 7.505€.

Mintos August 2019

Because of the seasonal decrease in average interest rate over the past 1-2 months on Mintos, I’m currently re-investing my money into mostly 12% interest buyback loans by loan originators with a rating of A to B-. I’m sure interest rates will pick up again in the coming months.

Mintos Invest & Access

Mintos Invest Access Returns August 2019

Last month I earned 10,52€ (+3,29€) in interest on Mintos Invest & Access.

Invest & Access was launched as a new investment strategy on Mintos in June, to simplify investing, while allowing investors to cash out more easily.

Shortly after its launch, I invested 1.000€ on a separate Mintos account (under my wife’s name) to compare its performance to my main Mintos account as well as to Bondora Go & Grow

Mintos Invest & Access August 2019

My IRR on Invest & Access increased to 9,19% (+2,29%) in August, so hopefully we’ll be seeing double digits soon.

Still, let’s see how the coming months go, now that the average interest rate has dropped on the Mintos marketplace. My Portfolio’s interest rate also decreased by 0,63% since last month.

Mintos Invest & Access Interest Rate August 2019

About the cashing out part of Invest & Access: You can only cash out the current part of your investments right away on Mintos Invest & Access, not the ones that are late or in grace period.

In my case, since over 33% of the loans in my Invest & Access portfolio are late (compared to only 19,4% in my main Mintos account), I can only cash out 67% of my investment right away.

Mintos Invest & Access still lags behind Bondora Go & Grow when it comes to accessing your money.

Bondora Go & Grow

Bondora Go & Grow Returns August 2019
I parked an extra 7.000€ on Go & Grow for most of September last year, if you’re wondering about the income spike

I received 5,61€ (+0,03€) in interest from Bondora Go & Grow last month.

Compared to Invest & Access, the interest rate is slightly lower at around 6,75% per year. However, for me the trade-off is worth it especially for short-term investments, as I’m able to withdraw the full amount if I want to (-1€ flat withdrawal fee).

Bondora Go & Grow August 2019
With Go & Grow I can withdraw 1.013,6€ right away

Grupeer

Grupeer Returns August 2019

I received 24,72€ (+0,22€) in interest on Grupeer last month. Grupeer‘s AutoInvest reliably reinvested my funds into 13-13,5% interest loans in August as well.

Grupeer Deposits August 2019

I added 500€ to my account on August 20th, as I’ve been very happy with my investment here. That should lead to a cashflow increase in the coming months.

Another thing worth mentioning: Grupeer recently introduced a few development loans that come with a Balloon repayment type. This means you receive all interest and principal payments in one payment in the end of the loan term.

Grupeer Balloon Repayment Loan

If you prefer monthly interest payments (like me), then make sure you skip those. Luckily, I’ve only seen a few with a relatively low interest rate of 12% per year so far.

Hopefully we’ll also see some more loans with 1% Cashback on Grupeer soon!

Crowdestor

Crowdestor Returns August 2019

My Crowdestor income was a bit lower at 17,13€ (-3,08€) last month. However, that’s exactly the reason why I started calculating accrued interest in addition to paid out interest.

Paid interest shows the interest payments I received on a monthly basis, while accrued interest also includes outstanding interest that I should receive at a later date.

Since some high-interest real estate loans start paying interest only after six months or more, I found this way of displaying my Crowdestor income more interesting. I hope you agree!

Crowdestor August 2019

I added a total of 1.250€ to my Crowdestor account over the course of August.

Crowdestor deposits August 2019

I invested last month’s deposits as well as the interest I received into these business loans:

  • Hostel Renovation Round 2
  • Construction Company Working Capital
  • Elvi Grocery Stores
  • Ledurgas Apartments Renovation
  • Rover Education USA Expansion

All in all, I’m very satisfied with Crowdestor. All interest payments arrived on time so far and they keep publishing interesting loan opportunities every week.

Monethera

Monethera projects

Monethera is a new addition to my P2P portfolio. You can read all about it in my recently published article: 

Monethera Returns August 2019

I invested 500€ on Monethera on the 16th of August and spread my investment evenly over the 5 available projects at the time. 

My 11,76€ earnings so far are made up of the first couple of interest payments, which arrived on time, as well as the 5€ Signup Bonus and the 0,5% Cashback, which I received right after I invested the money.

  • You can get the same 5€ Bonus and 0,5% Cashback on all your investments during the first 90 days by using my link here.
  • Update (September 10th): Monethera just sent me a Promo Code via e-mail, which can only be used 25 times. When you sign up via my link, enter p2pinvesting0919 in the “Promo code” field to get the Cashback for 180 days instead of 90 days.

Wisefund

Wisefund investment projects

Wisefund is another business loan platform I recently added. You can find out more about it in my latest article as well or watch my video: 

Just like Monethera, Wisefund offers interesting short-term business loans with high interest rates and a buyback guarantee. However, the platform only has a short track record so far, so proceed with caution.

Wisefund Account

I started my investment journey on Wisefund on the 21st of August and spread my initial 500€ investment evenly over the 3 available projects at the time.

I earned 4,29€ on Wisefund in August, as I already received the first couple of interest payments and the 0,5% Cashback, right after I invested my funds.

That’s all!

That’s it for my latest monthly update! I hope you enjoyed reading it and had a great month as well.

Before you take off, I would love to know in the comments:

  • What do you think about my financial mistake? Have you made any similar mistakes in the past?
  • What do you think of my latest additions, Monethera and Wisefund? Which one do you like better?

You might find this useful as well:

Video of the article

10 Comments

  1. Invest Hero Reply

    Congrats with the new record!
    I’d wanna read more about the automated Forex adventure that you had, so maybe write a post about it?
    It’d help others like me who are also flirting with that idea and might help us avoid the mistakes you made or the notion of that kind of investment altoghether

    • Thank you! You might want to read Tony’s post as well, he lost his entire investment via algo-trading: https://www.onemillionjourney.com/how-i-lost-45k-with-algotrading-algotechs/

      I might write about it in more detail in the future. It wasn’t via a publicly available service (unlike Tony), so my case differs a bit from others.

      If I was you, I would skip it for sure. It’s not worth the risk (and the stress/headache), as you can’t control what the forex market does, especially in these times of economic uncertainty (Brexit, US-China trade war, incoming recession..).

      I was blinded by high returns in the beginning, before it got worse and worse starting in March. I’m just happy I haven’t lost it all and that I now have access to the leftover money I had there 🙂

  2. Hi, glad to hear your new record.
    I have a question: you said about Iuvo “I never needed to adjust my AutoInvest settings to be fully invested” sadly this is not for me. I copied your AutoInvest settings to invest 2500€ but after a week, I received a couple of emails from the Iuvo group customer care to optimize the invested capital since the available investments were very few. So I change the settings to be a little bit less restrictive and in this moment I have 15 “Number of loans matched your criteria for investments”.

    any thoughts? Thanks, bye!

    • Yes, I actually mentioned something on the topic in previous months update: https://www.p2pinvesting.eu/p2p-lending-income-july-2019/#Iuvo_Group

      I should probably add that to the review as well.

      New 14-15% interest loans are published every Thursday morning and usually last until Monday. In my opinion it pays off to wait out those 2-3 days to be fully invested instead of changing the settings.

      That’s what I do as well, the AutoInvest just picks them up as soon as they’re available.

  3. Hey Angelo,

    Damn it man! I well remember when you told me you were also experimenting with an algotrading company. I’m sorry it didn’t turn out well. Hopefully my piece of writing prevented you to allocate more money in?

    Also thanks for shouting this out loud. The louder the better as we alert others. It would be great if you could forward me more info privately in regards your experience. We believe all these binary options and algotrading companies to be run by the same bunch of people (or friend of friends) located in Israel. So any data provided will be helpful for my lawyer, thanks.

    Keep smashing it man! You are doing great! 🙂

    • Hey Tony,
      happy to see you noticed me mentioning your story 🙂

      Yes, your experience definitely influenced me, so thank you for sharing it! It also helped me pull the plug and not risk my entire investment.
      This company actually has no ties to Israel, it’s led by a European who set up a company in Georgia where I’m assuming laws regarding algotrading are more relaxed. Sure, I’d be happy to send you more details via mail!

      Thanks Tony, you as well!

  4. Francisco Azevedo e Silva Reply

    I also had a loss in forex, like you, that came from a recomendation of a friend. I lost 100% but fortunatelly I only “gambled” 600 euros with two other friends on a joint account so the loss wasn’t so hard (200 each). We must Shout about this issue! Some people put all of their money into this things when they see the initial increases in their accounts…

    • thank you for sharing your experience as well, Francisco! I’m glad to hear you didn’t lose more. Yes, it gets even more dangerous when you start seeing great results in the beginning (I was up 40% after the first 3 months…) and you get greedy and start adding more… Definitely a good lesson!

  5. Hi Angelo,
    It’s great to see that monthly P2P curve slowly growing. Hopefully each month going forward is a record for you!
    I haven’t had much experience in algotrading companies, but from both your an Tony’s experience, I am staying well clear!
    Keep up the good work.
    Matt

    • yes, that sure feels great! Thank you Matt!
      Happy to hear that, hopefully we’ll be able to stop more people from making the same mistake.

Leave a Comment

%d bloggers like this: