Spring is here with seemingly endless feeling of isolation. These times it is essential to have a routine. Both mental and physical – if possible. April was a good month from the weather perspective and also can not complain about returns in this stagnant time.
Previous month I announced withdrawing from all platforms due to uncertainty. I will give you an update on that. There are several other news around platforms and I will try to summarize most of them.
You can see below how did it go for me in April 2020. I sincerely appreciate all those who started investing also in these turbulent times.
|Platform||Deposited EUR||Portfolio total value EUR||Interest income EUR||Affiliate commissions & bonuses||XIRR|
I see another 2 persons who counted as investors with Fast Invest. There is a time delay in the affiliate payout process as one of the investors invested in 19th of Jan. 2020. I hope both of them are aware of my warnings.
Below you can see (almost) the income from my investments in April 2020, that is 24.28 EUR.
Highlights for April 2020
CrowdEstate introduces secondary market fee
Mintos boosting their transparency
Lately the news feed from Mintos has blown up with different information. What I like the most is that they share troublesome loan originator status list. This increases confidence that they keep things in check and sends message that my 221 EUR from Finko (Varks AM UCO CJSC) and 3 EUR from Aforti (Poland) are not forgotten.
12 of about 60 loan originators are in serious trouble.
Mintos representatives read comments under their posts and after feeling overwhelming pressure from investors – post even more relevant information. This sets a good sign and a good example for all crowdlending platforms. Of course not everything is perfect, but the transparency trend seems to go in the right direction.
Corwdestor teaming up with Monify’s CEO and raising funds via Equity campaign
Recently, Crowdestor joined forces with Monify’s CEO Artur Geisari. He will maintain his current role as CEO and will be Crowdestor’s head of SME. Shortly after, you could encounter different loans under 15 thousand EUR. E.g. something like Freight transport by road (SLT) (link from Google cache).
I am not sure what kind of agreements they have, however, there is definitely something more than soil employee-employer relations. Fact is that Monify’s loans started appearing at about the same time Artur joined.
EstateGuru raising funds via Seedrs
Another crowdlending real estate backed company, EstateGuru recently launched a campaign which intends to attract more capital for the company. This capital could potentially be used to develop the platform further, thus gaining edge over competitors.
By the looks of the campaign, it is already successful with 646 investors taking part.
Status on my crowldending exit
In the last monthly update I wrote the following.
My estimate is that I could reduce my overall investment portfolio for about 80%. I will let you know in the monthly update about the status.
Let us see how did I do.
In total before the sell off I had 4075.95 EUR deposited.
The current number is 2647.81 EUR. That means I withdrew 1428.14 EUR and reduced exposure by 35%.
Worth to note that I do not use discounts. The only expense was the one deducted from selling in the secondary market of Mintos.
Needless to say my estimate was way off. I was too optimistic about the liquidity of market under sell pressure.
Those who panic make their exit with discounts and those who take advantage of the panic, buy these discounts. I seem to be in neither group.
Here is my top of platforms for withdrawing.
- Twino – by far no. 1, no doubt. Reduced exposure by about 90%.
- Mintos – made few sales at par value.
- Viventor – made no sales at par value.
- CrowdEstate – did not even try to sale this time. Tried before with delayed loans at par value. No luck.
- Reinvest24 – no secondary market. Not even a theoretical option for liquidating the investment.
Generally, the global infection curves are starting to flatten or even slightly change their course downwards. These are great news!
Global economy though is facing a challenge. However, more than half of investors in Mintos survey answered that they do not plan on changing anything or increasing their investments.
I guess I belong to the shy 11% who are withdrawing. Please note that this survey asked about all asset classes. I am sure this number would be higher for those who are in similar position as me without too many asset classes at hand.
Most important is that whichever decision you take you are comfortable with it. It is your hard earned money.
Thanks for stepping by for the April 2020 update and please keep safe!