Finishing the first quarter of this year with a post of yields for March 2020. These are times of self reflection and isolation and for me this is no exception. This is how the returns for the past month look like.
|Platform||Deposited EUR||Portfolio total value EUR||Interest income EUR||Affiliate commissions & bonuses||XIRR|
* – not counted in total income due to reasonable doubt of Grupeer’s future.
Thank you all who are beginning their journey by using links from my blog. I am truly thankful for your support. Please note that by the end of the March I decided to withdraw from platforms. You can read about status below.
On a side note. Even though I removed affiliate links for Fast Invest right after stopping with them, I can see that somebody might still be invested. I really hope this post reaches her/him and helps to make the right decision.
The total yields from investments last month is 29.12 EUR.
Highlights of March 2020
As mentioned, last month I decided to withdraw from P2P and P2B and wait for more stable time to join back in.
Decision was partly fueled by all the disappointing news about Grupeer and Monethera.
Secondary market fee for Mintos
I believe this is a strategy which other platforms could see as an example. Let us wait and see.
Mintos’ updates on suspended loan originators and pending payments
Secondly, they will update on pending payment status on a weekly basis.
To be honest these are better news than the secondary market fee.
Significant increase of mails from various platforms
During this time I received about 2x the mails I usually receive. Mails are related to requests and information around certain platform promotions and cashbacks. Also related to handling the economic downturn by specific platforms and loan originators.
In my opinion this underlines the current uncertainty in the P2P and P2B market.
Status of the sell off
Would like to add some figures related to status for selling my loans on different platforms.
For all three platforms I have set all my loans on sale on 28.03.2020 at par value. Reporting the status as of 04.04.2020. Loans are put on the secondary market for 7 days now.
I sold 3 loans with total value of 24.57 EUR.
Total free funds of 97.49 EUR.
Did no withdrawals yet due to no possibility to do a withdrawal via Revolut. Will withdraw in batches to avoid multiple transaction costs. However, this is costly. One withdrawal costs around 2.50 EUR per transaction because my target account is in DKK.
I have successfully sold 0 EUR of loans.
On 29.03.2020 a larger chunk of loans matured allowing me to withdraw 136.60 EUR via Revolut.
Must mention that there was a slight delay in withdrawal – requested on 29.03.2020 and arrived in 03.04.2020 (5 work days).
In this case I sold most of my loans – 677.71 EUR.
First withdrawal of 436.36 EUR came within 4 work days. Now waiting for the subsequent withdrawal. Worth to note that Twino allows only one ongoing withdrawal transaction at a time.
Mostly ended up with Payment Guarantee loans. Drawback of them is that they are not appealing in the secondary market because you bind yourself for the whole loan term. Or maybe people are not familiar with the Twino’s term.
In Twino I am left with 401.90 EUR invested.
Conclusions about platform liquidity
Currently, I did not change my mind about keeping sells at par value.
Platform secondary markets in uncertain times provides possibility to sell your investments, however, performance differs – Twino being by far most liquid. I will take this experience with me when taking the decision for where to invest when situation settles.
I hope you are all good, thank you taking your time and I also hope that we see the end of this lockout during the next quarter.
Stay healthy – physically and mentally!