February was absolutely an auto-pilot month for me. My work and travels took me to India, Indonesia, and Bangladesh — incredibly interesting and wonderful countries. But also quite a busy month. 🙂
And that brings me to something that I love about my investment strategy: I probably spent a total of 2 hours over the course of Feb to check once every two weeks that all auto-investment tools are optimized and running smoothly, as well as that no money is lying around unused (= cashdrag). I readjusted my Mintos auto-invest portfolio to include new loan operators that have joined the platform.
On Feb 26, I decided to pull out of Twino after having read this post. After Twino released their audited consolidated financial results from 2017, I started seeing some red flags 🚨, including that 9 of Twino’s 11 lending subsidiaries lost money in 2017 and also have negative equity. As as that as of Dec 2017 41% of loans were ‘past due and impaired’.
The liquidation of all my investments took about 20 minutes. The transfer to my bank account less than 72 hours. I am currently deciding how to allocate the funds, which will most likely be a mix of Mintos and Swaper, my two favorite platforms.
My passive income amounted a total of 399 EUR this month, which is slightly more than January. I received my first interest payment from Grupeer, which felt great.
P2P Overview – Feb 2019
|P2P Lending Platform||Feb'19 Interest Income||Feb'19 XIRR||Total Investment||Current Value|
|Mintos||€ 173.98 ||9.41%||€ 17,000.00||€ 22,355.34|
|Twino||€ 113.96||11.90%||€ 0||€ 299.72
|Swaper||€ 77.64||12.72%||€ 7,000.00||€ 7,403.89|
|Grupeer||€ 33.44||13.38%||€ 3,000.00||€ 3,030.68|
Financial Transactions in Feb 2019
- Twino: ⛔️ I liquidated my account and withdrew 11304 EUR. The money arrived within 72h in my bank account. Bye-bye Twino!
ETF Overview – Feb 2019 🥳
A good month! As of Feb 28, my portfolio performance looks as following: