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:
